AB-INTERMED: what changed
Two fiscal 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.
AB-INTERMED
Largest movements
- Current investments +€39,218
new in 2025: €39,218
- Receivables within one year -€17,103
down €17,103 (-16.1%), from €106,424 to €89,321
of which Other amounts receivable: -€17,810
- Cash -€8,352
down €8,352 (-3.2%), from €257,260 to €248,909
mainly Contributions, distributions and other (-€40,000) and Current investments (-€39,218)
- Reserves +€46,058
up €46,058 (+17.3%), from €265,922 to €311,981
- Other debts -€16,615
down €16,615 (-36.0%), from €46,179 to €29,564
- Tax, wage and social debts -€16,060
down €16,060 (-42.9%), from €37,460 to €21,400
- Taxes +€7,810
up €7,810 (+74.5%), from €10,485 to €18,295
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.
Cash bridge derived
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 | €368,161 | €382,155 | +€13,993 | +3.8% |
| Fixed assets | 21/28 | €3,023 | €3,170 | +€147 | +4.9% |
| Tangible fixed assets | 22/27 | €3,023 | €3,170 | +€147 | +4.9% |
| Furniture and vehicles | 24 | €3,023 | €3,170 | +€147 | +4.9% |
| Current assets | 29/58 | €365,138 | €378,984 | +€13,846 | +3.8% |
| Amounts receivable within one year | 40/41 | €106,424 | €89,321 | -€17,103 | -16.1% |
| Trade receivables | 40 | €86,909 | €87,616 | +€707 | +0.8% |
| Other amounts receivable | 41 | €19,515 | €1,705 | -€17,810 | -91.3% |
| Current investments | 50/53 | - | €39,218 | +€39,218 | |
| Cash at bank and in hand | 54/58 | €257,260 | €248,909 | -€8,352 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,537 | +€83 | +5.7% |
| Total equity and liabilities | 10/49 | €368,161 | €382,155 | +€13,993 | +3.8% |
| Equity | 10/15 | €284,522 | €330,581 | +€46,058 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,922 | €311,981 | +€46,058 | +17.3% |
| Distributable reserves | 133 | €265,922 | €311,981 | +€46,058 | +17.3% |
| Amounts payable | 17/49 | €83,639 | €51,574 | -€32,065 | -38.3% |
| Amounts payable within one year | 42/48 | €83,639 | €51,574 | -€32,065 | -38.3% |
| Trade debts | 44 | - | €610 | +€610 | |
| Suppliers | 440/4 | - | €610 | +€610 | |
| Taxes, remuneration and social security | 45 | €37,460 | €21,400 | -€16,060 | -42.9% |
| Taxes | 450/3 | €37,460 | €21,400 | -€16,060 | -42.9% |
| Other amounts payable | 47/48 | €46,179 | €29,564 | -€16,615 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €1,789 | -€133 | -6.9% |
| Other operating charges | 640/8 | €1,077 | €1,166 | +€89 | +8.2% |
| Gross operating margin | 9900 | €108,117 | €107,426 | -€691 | -0.6% |
| Operating profit (loss) | 9901 | €105,118 | €104,471 | -€647 | -0.6% |
| Financial income | 75/76B | €648 | €965 | +€317 | +48.8% |
| Recurring financial income | 75 | €648 | €965 | +€317 | +48.8% |
| Financial charges | 65/66B | €354 | €1,082 | +€729 | +206.1% |
| Recurring financial charges | 65 | €354 | €1,082 | +€729 | +206.1% |
| Profit (loss) for the period before taxes | 9903 | €105,413 | €104,354 | -€1,059 | -1.0% |
| Income taxes | 67/77 | €10,485 | €18,295 | +€7,810 | +74.5% |
| Profit (loss) for the period | 9904 | €94,927 | €86,058 | -€8,869 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,927 | €86,058 | -€8,869 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.