ITAL TECH: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ITAL TECH
Largest movements
- Receivables within one year +€8,899
up €8,899 (+90.0%), from €9,884 to €18,783
- Tangible fixed assets -€3,924
down €3,924 (-92.8%), from €4,228 to €304
- Cash -€3,624
down €3,624 (-68.4%), from €5,302 to €1,677
mainly Net result for the year (-€10,225) and Receivables within one year (-€8,899)
- Stocks and contracts -€3,487
down €3,487 (-21.6%), from €16,130 to €12,643
- Profit (loss) carried forward -€10,225
down €10,225 (-151%), from -€6,777 to -€17,002
- Other debts +€9,571
new in 2025: €9,571
- Tax, wage and social debts +€4,956
up €4,956 (+52.4%), from €9,455 to €14,411
of which Remuneration and social security: +€6,000
- Trade debts -€4,285
down €4,285 (-41.2%), from €10,391 to €6,107
- Debts after one year -€4,029
no longer reported in 2025 (was €4,029)
- Gross operating margin +€2,671
up €2,671 (+39.3%), from -€6,798 to -€4,126
- Depreciation -€1,122
down €1,122 (-22.2%), from €5,046 to €3,924
- Other operating charges +€592
up €592 (+68.2%), from €868 to €1,460
- Financial charges -€577
down €577 (-52.2%), from €1,105 to €528
- Staff costs -€79
no longer reported in 2025 (was €79)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,558 | €35,262 | -€2,296 | -6.1% |
| Fixed assets | 21/28 | €5,728 | €1,804 | -€3,924 | -68.5% |
| Tangible fixed assets | 22/27 | €4,228 | €304 | -€3,924 | -92.8% |
| Furniture and vehicles | 24 | €4,228 | €304 | -€3,924 | -92.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €31,830 | €33,458 | +€1,628 | +5.1% |
| Stocks and contracts in progress | 3 | €16,130 | €12,643 | -€3,487 | -21.6% |
| Stocks | 30/36 | €16,130 | €12,643 | -€3,487 | -21.6% |
| Amounts receivable within one year | 40/41 | €9,884 | €18,783 | +€8,899 | +90.0% |
| Trade receivables | 40 | €9,884 | €18,783 | +€8,899 | +90.0% |
| Cash at bank and in hand | 54/58 | €5,302 | €1,677 | -€3,624 | -68.4% |
| Deferred charges and accrued income | 490/1 | €516 | €356 | -€160 | -31.0% |
| Total equity and liabilities | 10/49 | €37,558 | €35,262 | -€2,296 | -6.1% |
| Equity | 10/15 | €13,683 | €3,458 | -€10,225 | -74.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,777 | -€17,002 | -€10,225 | -151% |
| Amounts payable | 17/49 | €23,875 | €31,804 | +€7,929 | +33.2% |
| Amounts payable after more than one year | 17 | €4,029 | - | -€4,029 | |
| Financial debts | 170/4 | €4,029 | - | -€4,029 | |
| Amounts payable within one year | 42/48 | €19,846 | €31,804 | +€11,958 | +60.3% |
| Financial debts | 43 | - | €1,716 | +€1,716 | |
| Credit institutions | 430/8 | - | €1,716 | +€1,716 | |
| Trade debts | 44 | €10,391 | €6,107 | -€4,285 | -41.2% |
| Suppliers | 440/4 | €10,391 | €6,107 | -€4,285 | -41.2% |
| Taxes, remuneration and social security | 45 | €9,455 | €14,411 | +€4,956 | +52.4% |
| Taxes | 450/3 | €7,544 | €6,500 | -€1,044 | -13.8% |
| Remuneration and social security | 454/9 | €1,911 | €7,911 | +€6,000 | +314% |
| Other amounts payable | 47/48 | - | €9,571 | +€9,571 | |
| Remuneration, social security and pensions | 62 | €79 | - | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €3,924 | -€1,122 | -22.2% |
| Other operating charges | 640/8 | €868 | €1,460 | +€592 | +68.2% |
| Gross operating margin | 9900 | -€6,798 | -€4,126 | +€2,671 | +39.3% |
| Operating profit (loss) | 9901 | -€12,791 | -€9,510 | +€3,280 | +25.6% |
| Financial income | 75/76B | €13 | €1 | -€12 | -94.1% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -94.1% |
| Financial charges | 65/66B | €1,105 | €528 | -€577 | -52.2% |
| Recurring financial charges | 65 | €1,105 | €528 | -€577 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,883 | -€10,037 | +€3,846 | +27.7% |
| Income taxes | 67/77 | €190 | €188 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | -€14,073 | -€10,225 | +€3,848 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,073 | -€10,225 | +€3,848 | +27.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.