INTALEM: 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.
INTALEM
Largest movements
- Tangible fixed assets +€7,345
up €7,345 (+71.8%), from €10,236 to €17,581
of which Furniture and vehicles: +€8,563
- Cash -€3,198
down €3,198 (-8.9%), from €35,908 to €32,710
mainly Contributions, distributions and other (-€42,600) and Investment in fixed assets (net) (-€9,428)
- Receivables within one year +€1,498
up €1,498 (+9.9%), from €15,156 to €16,654
of which Trade receivables: +€1,791
- Deferred charges and accrued income -€1,482
down €1,482 (-45.4%), from €3,266 to €1,784
- Profit (loss) carried forward +€43,141
new in 2025: €43,141
- Reserves -€42,600
down €42,600 (-99.8%), from €42,668 to €68
- Tax, wage and social debts +€4,200
up €4,200 (+45.5%), from €9,225 to €13,425
of which Remuneration and social security: +€2,258
- Trade debts -€1,268
down €1,268 (-52.1%), from €2,435 to €1,167
- Gross operating margin +€8,201
up €8,201 (+16.5%), from €49,724 to €57,925
- Taxes +€1,411
up €1,411 (+13.8%), from €10,257 to €11,668
- Financial income -€1,272
down €1,272 (-100.0%), from €1,272 to €0
- Depreciation +€1,042
up €1,042 (+100.1%), from €1,041 to €2,082
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 | €64,566 | €68,729 | +€4,163 | +6.4% |
| Fixed assets | 21/28 | €10,236 | €17,581 | +€7,345 | +71.8% |
| Tangible fixed assets | 22/27 | €10,236 | €17,581 | +€7,345 | +71.8% |
| Land and buildings | 22 | €8,600 | €7,723 | -€877 | -10.2% |
| Plant, machinery and equipment | 23 | €340 | - | -€340 | |
| Furniture and vehicles | 24 | €1,295 | €9,858 | +€8,563 | +661.0% |
| Current assets | 29/58 | €54,330 | €51,148 | -€3,182 | -5.9% |
| Amounts receivable within one year | 40/41 | €15,156 | €16,654 | +€1,498 | +9.9% |
| Trade receivables | 40 | €13,032 | €14,823 | +€1,791 | +13.7% |
| Other amounts receivable | 41 | €2,124 | €1,832 | -€292 | -13.8% |
| Cash at bank and in hand | 54/58 | €35,908 | €32,710 | -€3,198 | -8.9% |
| Deferred charges and accrued income | 490/1 | €3,266 | €1,784 | -€1,482 | -45.4% |
| Total equity and liabilities | 10/49 | €64,566 | €68,729 | +€4,163 | +6.4% |
| Equity | 10/15 | €52,668 | €53,209 | +€541 | +1.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €42,668 | €68 | -€42,600 | -99.8% |
| Distributable reserves | 133 | €42,668 | €68 | -€42,600 | -99.8% |
| Profit (loss) carried forward | 14 | - | €43,141 | +€43,141 | |
| Amounts payable | 17/49 | €11,898 | €15,520 | +€3,623 | +30.4% |
| Amounts payable within one year | 42/48 | €11,898 | €15,520 | +€3,623 | +30.4% |
| Financial debts | 43 | €14 | €20 | +€6 | +42.7% |
| Credit institutions | 430/8 | €14 | €20 | +€6 | +42.7% |
| Trade debts | 44 | €2,435 | €1,167 | -€1,268 | -52.1% |
| Suppliers | 440/4 | €2,435 | €1,167 | -€1,268 | -52.1% |
| Taxes, remuneration and social security | 45 | €9,225 | €13,425 | +€4,200 | +45.5% |
| Taxes | 450/3 | €6,778 | €8,720 | +€1,942 | +28.7% |
| Remuneration and social security | 454/9 | €2,447 | €4,705 | +€2,258 | +92.2% |
| Other amounts payable | 47/48 | €224 | €909 | +€685 | +306.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041 | €2,082 | +€1,042 | +100.1% |
| Other operating charges | 640/8 | €757 | €826 | +€69 | +9.1% |
| Gross operating margin | 9900 | €49,724 | €57,925 | +€8,201 | +16.5% |
| Operating profit (loss) | 9901 | €47,926 | €55,016 | +€7,090 | +14.8% |
| Financial income | 75/76B | €1,272 | €0 | -€1,272 | -100.0% |
| Recurring financial income | 75 | €1,272 | €0 | -€1,272 | -100.0% |
| Financial charges | 65/66B | €372 | €207 | -€165 | -44.3% |
| Recurring financial charges | 65 | €372 | €207 | -€165 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €48,825 | €54,809 | +€5,984 | +12.3% |
| Income taxes | 67/77 | €10,257 | €11,668 | +€1,411 | +13.8% |
| Profit (loss) for the period | 9904 | €38,568 | €43,141 | +€4,573 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,568 | €43,141 | +€4,573 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.