INTABEL: 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.
INTABEL
Largest movements
- Receivables within one year +€11,778
new in 2025: €11,778
of which Trade receivables: +€10,700
- Cash -€4,037
down €4,037 (-56.2%), from €7,185 to €3,149
mainly Net result for the year (-€13,039) and Receivables within one year (-€11,778)
- Trade debts +€13,531
new in 2025: €13,531
- Profit (loss) carried forward -€13,039
down €13,039 (-0.5%), from -€2.9m to -€2.9m
- Other debts +€4,640
up €4,640 (+3.3%), from €140,001 to €144,641
- Advances received +€2,695
new in 2025: €2,695
- Gross operating margin +€6,629
up €6,629 (+37.7%), from -€17,583 to -€10,953
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 | €117,469 | €125,215 | +€7,745 | +6.6% |
| Fixed assets | 21/28 | €109,693 | €109,693 | = | 0.0% |
| Tangible fixed assets | 22/27 | €109,693 | €109,693 | = | 0.0% |
| Land and buildings | 22 | €109,693 | €109,693 | = | 0.0% |
| Current assets | 29/58 | €7,777 | €15,522 | +€7,745 | +99.6% |
| Amounts receivable within one year | 40/41 | - | €11,778 | +€11,778 | |
| Trade receivables | 40 | - | €10,700 | +€10,700 | |
| Other amounts receivable | 41 | - | €1,078 | +€1,078 | |
| Cash at bank and in hand | 54/58 | €7,185 | €3,149 | -€4,037 | -56.2% |
| Deferred charges and accrued income | 490/1 | €591 | €595 | +€4 | +0.7% |
| Total equity and liabilities | 10/49 | €117,469 | €125,215 | +€7,745 | +6.6% |
| Equity | 10/15 | -€2,817,562 | -€2,830,602 | -€13,039 | -0.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,897,562 | -€2,910,602 | -€13,039 | -0.5% |
| Amounts payable | 17/49 | €2,935,032 | €2,955,816 | +€20,784 | +0.7% |
| Amounts payable after more than one year | 17 | €2,794,549 | €2,794,549 | = | 0.0% |
| Financial debts | 170/4 | - | €2,794,549 | +€2.8m | |
| Other amounts payable | 178/9 | €2,794,549 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €140,483 | €160,867 | +€20,385 | +14.5% |
| Trade debts | 44 | - | €13,531 | +€13,531 | |
| Suppliers | 440/4 | - | €13,531 | +€13,531 | |
| Advances received on contracts in progress | 46 | - | €2,695 | +€2,695 | |
| Taxes, remuneration and social security | 45 | €482 | - | -€482 | |
| Taxes | 450/3 | €482 | - | -€482 | |
| Other amounts payable | 47/48 | €140,001 | €144,641 | +€4,640 | +3.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €1,950 | €1,966 | +€15 | +0.8% |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | -€17,583 | -€10,953 | +€6,629 | +37.7% |
| Operating profit (loss) | 9901 | -€19,595 | -€12,919 | +€6,676 | +34.1% |
| Financial charges | 65/66B | €46 | €120 | +€74 | +160.4% |
| Recurring financial charges | 65 | €46 | €120 | +€74 | +160.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,641 | -€13,039 | +€6,602 | +33.6% |
| Profit (loss) for the period | 9904 | -€19,641 | -€13,039 | +€6,602 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,641 | -€13,039 | +€6,602 | +33.6% |
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 12 October 2026 via checked.be.