INTEBUSS: 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.
INTEBUSS
Largest movements
- Cash -€64,766
down €64,766 (-69.4%), from €93,299 to €28,532
mainly Net result for the year (-€90,278) and Current investments (-€35,000)
- Receivables within one year -€54,699
down €54,699 (-71.8%), from €76,152 to €21,453
of which Trade receivables: -€62,242
- Current investments +€35,000
up €35,000 (+465.8%), from €7,513 to €42,513
- Tangible fixed assets -€31,425
down €31,425 (-14.5%), from €216,466 to €185,041
of which Land and buildings: -€17,488
- Profit (loss) carried forward -€90,278
down €90,278, from €58,052 to -€32,227
- Tax, wage and social debts -€13,962
down €13,962 (-77.0%), from €18,124 to €4,162
- Debts after one year -€11,851
down €11,851 (-4.2%), from €285,381 to €273,530
of which Financial debts: -€11,851
- Gross operating margin -€202,689
down €202,689, from €160,152 to -€42,538
- Depreciation +€15,382
up €15,382 (+88.0%), from €17,488 to €32,870
- Financial charges +€9,098
up €9,098 (+228.0%), from €3,990 to €13,088
- Taxes -€3,903
down €3,903 (-96.8%), from €4,033 to €129
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 | €402,739 | €286,623 | -€116,116 | -28.8% |
| Formation expenses | 20 | €306 | €306 | = | 0.0% |
| Fixed assets | 21/28 | €216,466 | €185,041 | -€31,425 | -14.5% |
| Tangible fixed assets | 22/27 | €216,466 | €185,041 | -€31,425 | -14.5% |
| Land and buildings | 22 | €201,108 | €183,621 | -€17,488 | -8.7% |
| Furniture and vehicles | 24 | €15,357 | €1,420 | -€13,937 | -90.8% |
| Current assets | 29/58 | €185,967 | €101,276 | -€84,691 | -45.5% |
| Stocks and contracts in progress | 3 | €7,260 | €7,260 | = | 0.0% |
| Stocks | 30/36 | €7,260 | €7,260 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,152 | €21,453 | -€54,699 | -71.8% |
| Trade receivables | 40 | €62,242 | - | -€62,242 | |
| Other amounts receivable | 41 | €13,910 | €21,453 | +€7,543 | +54.2% |
| Current investments | 50/53 | €7,513 | €42,513 | +€35,000 | +465.8% |
| Cash at bank and in hand | 54/58 | €93,299 | €28,532 | -€64,766 | -69.4% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,518 | -€225 | -12.9% |
| Total equity and liabilities | 10/49 | €402,739 | €286,623 | -€116,116 | -28.8% |
| Equity | 10/15 | €68,969 | -€21,309 | -€90,278 | |
| Contributions | 10/11 | €10,917 | €10,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,052 | -€32,227 | -€90,278 | |
| Amounts payable | 17/49 | €333,770 | €307,933 | -€25,837 | -7.7% |
| Amounts payable after more than one year | 17 | €285,381 | €273,530 | -€11,851 | -4.2% |
| Financial debts | 170/4 | €141,381 | €129,530 | -€11,851 | -8.4% |
| Other amounts payable | 178/9 | €144,000 | €144,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,389 | €34,403 | -€13,986 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €11,645 | €11,851 | +€207 | +1.8% |
| Trade debts | 44 | €18,620 | €18,389 | -€231 | -1.2% |
| Suppliers | 440/4 | €18,620 | €18,389 | -€231 | -1.2% |
| Taxes, remuneration and social security | 45 | €18,124 | €4,162 | -€13,962 | -77.0% |
| Taxes | 450/3 | €18,124 | €4,162 | -€13,962 | -77.0% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,488 | €32,870 | +€15,382 | +88.0% |
| Other operating charges | 640/8 | €3,733 | €2,612 | -€1,121 | -30.0% |
| Gross operating margin | 9900 | €160,152 | -€42,538 | -€202,689 | |
| Operating profit (loss) | 9901 | €138,931 | -€78,020 | -€216,950 | |
| Financial income | 75/76B | €421 | €959 | +€538 | +127.7% |
| Recurring financial income | 75 | €421 | €959 | +€538 | +127.7% |
| Financial charges | 65/66B | €3,990 | €13,088 | +€9,098 | +228.0% |
| Recurring financial charges | 65 | €3,990 | €13,088 | +€9,098 | +228.0% |
| Profit (loss) for the period before taxes | 9903 | €135,362 | -€90,149 | -€225,511 | |
| Income taxes | 67/77 | €4,033 | €129 | -€3,903 | -96.8% |
| Profit (loss) for the period | 9904 | €131,329 | -€90,278 | -€221,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,329 | -€90,278 | -€221,607 |
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 3 October 2026 via checked.be.