intal: 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.
intal
Largest movements
- Cash -€609,822
down €609,822 (-79.3%), from €768,953 to €159,131
mainly Receivables within one year (-€428,880) and Contributions, distributions and other (-€250,000)
- Receivables within one year +€428,880
up €428,880 (+229%), from €187,348 to €616,227
of which Other amounts receivable: +€432,849
- Tangible fixed assets -€158,124
down €158,124 (-99.7%), from €158,568 to €444
of which Land and buildings: -€151,011
- Current investments +€75,000
up €75,000 (+2,002%), from €3,747 to €78,747
- Profit (loss) carried forward -€132,073
down €132,073 (-15.3%), from €864,334 to €732,261
- Trade debts -€106,868
down €106,868 (-67.9%), from €157,365 to €50,498
- Gross operating margin -€111,924
down €111,924 (-50.4%), from €221,948 to €110,024
- Financial income +€73,580
up €73,580 (+742%), from €9,915 to €83,496
of which Non-recurring financial income: +€69,036
- Staff costs -€36,291
down €36,291 (-70.0%), from €51,828 to €15,537
- Taxes -€10,505
down €10,505 (-19.0%), from €55,416 to €44,911
- Depreciation -€9,627
down €9,627 (-89.5%), from €10,757 to €1,130
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 | €1,118,616 | €854,550 | -€264,066 | -23.6% |
| Fixed assets | 21/28 | €158,568 | €444 | -€158,124 | -99.7% |
| Tangible fixed assets | 22/27 | €158,568 | €444 | -€158,124 | -99.7% |
| Land and buildings | 22 | €151,011 | - | -€151,011 | |
| Plant, machinery and equipment | 23 | €3,690 | - | -€3,690 | |
| Furniture and vehicles | 24 | €3,866 | €444 | -€3,422 | -88.5% |
| Current assets | 29/58 | €960,048 | €854,105 | -€105,942 | -11.0% |
| Amounts receivable within one year | 40/41 | €187,348 | €616,227 | +€428,880 | +229% |
| Trade receivables | 40 | €22,558 | €18,589 | -€3,969 | -17.6% |
| Other amounts receivable | 41 | €164,789 | €597,638 | +€432,849 | +263% |
| Current investments | 50/53 | €3,747 | €78,747 | +€75,000 | +2,002% |
| Cash at bank and in hand | 54/58 | €768,953 | €159,131 | -€609,822 | -79.3% |
| Total equity and liabilities | 10/49 | €1,118,616 | €854,550 | -€264,066 | -23.6% |
| Equity | 10/15 | €903,562 | €771,489 | -€132,073 | -14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,628 | €20,628 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,878 | €1,878 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,878 | €1,878 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €864,334 | €732,261 | -€132,073 | -15.3% |
| Amounts payable | 17/49 | €215,054 | €83,061 | -€131,992 | -61.4% |
| Amounts payable after more than one year | 17 | €11,094 | - | -€11,094 | |
| Financial debts | 170/4 | €11,094 | - | -€11,094 | |
| Amounts payable within one year | 42/48 | €203,959 | €83,061 | -€120,898 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €22,010 | €11,094 | -€10,915 | -49.6% |
| Trade debts | 44 | €157,365 | €50,498 | -€106,868 | -67.9% |
| Suppliers | 440/4 | €157,365 | €50,498 | -€106,868 | -67.9% |
| Taxes, remuneration and social security | 45 | €24,585 | €20,909 | -€3,676 | -15.0% |
| Taxes | 450/3 | €15,879 | €20,909 | +€5,030 | +31.7% |
| Remuneration and social security | 454/9 | €8,706 | - | -€8,706 | |
| Other amounts payable | 47/48 | - | €560 | +€560 | |
| Remuneration, social security and pensions | 62 | €51,828 | €15,537 | -€36,291 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,757 | €1,130 | -€9,627 | -89.5% |
| Other operating charges | 640/8 | €3,582 | €13,113 | +€9,531 | +266% |
| Gross operating margin | 9900 | €221,948 | €110,024 | -€111,924 | -50.4% |
| Operating profit (loss) | 9901 | €155,781 | €80,244 | -€75,537 | -48.5% |
| Financial income | 75/76B | €9,915 | €83,496 | +€73,580 | +742% |
| Recurring financial income | 75 | €9,915 | €14,460 | +€4,545 | +45.8% |
| Non-recurring financial income | 76B | - | €69,036 | +€69,036 | |
| Financial charges | 65/66B | €1,787 | €902 | -€885 | -49.5% |
| Recurring financial charges | 65 | €1,787 | €902 | -€885 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €163,909 | €162,837 | -€1,071 | -0.7% |
| Income taxes | 67/77 | €55,416 | €44,911 | -€10,505 | -19.0% |
| Profit (loss) for the period | 9904 | €108,493 | €117,927 | +€9,433 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,493 | €117,927 | +€9,433 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.