INTACT MANAGEMENT: 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.
INTACT MANAGEMENT
Largest movements
- Tangible fixed assets -€14,112
down €14,112 (-98.9%), from €14,269 to €157
of which Furniture and vehicles: -€13,533
- Receivables after one year +€4,000
up €4,000 (+22.2%), from €18,000 to €22,000
- Receivables within one year +€561
up €561 (+8.0%), from €7,056 to €7,618
of which Other amounts receivable: +€521
- Short-term financial debts -€5,624
down €5,624 (-58.9%), from €9,544 to €3,921
- Current portion of long-term debt -€4,041
down €4,041 (-74.7%), from €5,412 to €1,372
- Trade debts +€1,722
up €1,722 (+26.5%), from €6,508 to €8,230
- Debts after one year -€1,372
down €1,372 (-100.0%), from €1,372 to €0
- Profit (loss) carried forward -€1,274
down €1,274 (-6.3%), from -€20,091 to -€21,365
- Depreciation -€6,871
down €6,871 (-86.9%), from €7,904 to €1,033
- Gross operating margin +€5,456
up €5,456 (+95.1%), from -€5,740 to -€284
- Financial income +€786
up €786 (+81.6%), from €964 to €1,750
of which Non-recurring financial income: +€921
- Other operating charges -€502
down €502 (-49.9%), from €1,005 to €504
- Taxes -€412
down €412 (-100.0%), from €412 to €0
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 | €39,326 | €29,775 | -€9,551 | -24.3% |
| Fixed assets | 21/28 | €14,269 | €157 | -€14,112 | -98.9% |
| Tangible fixed assets | 22/27 | €14,269 | €157 | -€14,112 | -98.9% |
| Land and buildings | 22 | €579 | €0 | -€579 | -100.0% |
| Furniture and vehicles | 24 | €13,691 | €157 | -€13,533 | -98.9% |
| Current assets | 29/58 | €25,056 | €29,618 | +€4,561 | +18.2% |
| Amounts receivable after more than one year | 29 | €18,000 | €22,000 | +€4,000 | +22.2% |
| Other amounts receivable | 291 | €18,000 | €22,000 | +€4,000 | +22.2% |
| Amounts receivable within one year | 40/41 | €7,056 | €7,618 | +€561 | +8.0% |
| Trade receivables | 40 | €789 | €829 | +€40 | +5.1% |
| Other amounts receivable | 41 | €6,268 | €6,788 | +€521 | +8.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €39,326 | €29,775 | -€9,551 | -24.3% |
| Equity | 10/15 | €14,375 | €13,102 | -€1,274 | -8.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €15,466 | €15,466 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €13,566 | €13,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,091 | -€21,365 | -€1,274 | -6.3% |
| Amounts payable | 17/49 | €24,950 | €16,673 | -€8,277 | -33.2% |
| Amounts payable after more than one year | 17 | €1,372 | €0 | -€1,372 | -100.0% |
| Financial debts | 170/4 | €1,372 | €0 | -€1,372 | -100.0% |
| Amounts payable within one year | 42/48 | €23,579 | €16,673 | -€6,906 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €5,412 | €1,372 | -€4,041 | -74.7% |
| Financial debts | 43 | €9,544 | €3,921 | -€5,624 | -58.9% |
| Credit institutions | 430/8 | €9,544 | €3,921 | -€5,624 | -58.9% |
| Trade debts | 44 | €6,508 | €8,230 | +€1,722 | +26.5% |
| Suppliers | 440/4 | €6,508 | €8,230 | +€1,722 | +26.5% |
| Taxes, remuneration and social security | 45 | €2,114 | €3,151 | +€1,037 | +49.1% |
| Taxes | 450/3 | €2,114 | €3,151 | +€1,037 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,904 | €1,033 | -€6,871 | -86.9% |
| Other operating charges | 640/8 | €1,005 | €504 | -€502 | -49.9% |
| Gross operating margin | 9900 | -€5,740 | -€284 | +€5,456 | +95.1% |
| Operating profit (loss) | 9901 | -€14,649 | -€1,820 | +€12,829 | +87.6% |
| Financial income | 75/76B | €964 | €1,750 | +€786 | +81.6% |
| Recurring financial income | 75 | €964 | €829 | -€135 | -14.0% |
| Non-recurring financial income | 76B | - | €921 | +€921 | |
| Financial charges | 65/66B | €1,067 | €1,203 | +€136 | +12.7% |
| Recurring financial charges | 65 | €1,067 | €1,203 | +€136 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,753 | -€1,274 | +€13,479 | +91.4% |
| Income taxes | 67/77 | €412 | €0 | -€412 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,165 | -€1,274 | +€13,891 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,165 | -€1,274 | +€13,891 | +91.6% |
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 11 October 2026 via checked.be.