INTEC: 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.
INTEC
Largest movements
- Tangible fixed assets +€37,669
up €37,669 (+15.0%), from €251,851 to €289,520
of which Furniture and vehicles: +€34,390
- Deferred charges and accrued income -€34,870
down €34,870 (-73.4%), from €47,522 to €12,653
- Cash -€34,043
down €34,043 (-55.7%), from €61,080 to €27,037
mainly Trade debts (-€154,090) and Investment in fixed assets (net) (-€100,827)
- Stocks and contracts -€25,026
down €25,026 (-11.8%), from €212,765 to €187,739
of which Stocks: -€23,203
- Receivables within one year -€24,370
down €24,370 (-2.8%), from €861,587 to €837,217
of which Trade receivables: -€63,011
- Trade debts -€154,090
down €154,090 (-37.0%), from €416,260 to €262,170
- Profit (loss) carried forward +€83,269
up €83,269 (+28.7%), from €290,163 to €373,432
- Tax, wage and social debts +€49,983
up €49,983 (+19.0%), from €263,633 to €313,616
of which Remuneration and social security: +€26,483
- Short-term financial debts -€47,232
down €47,232 (-31.5%), from €149,761 to €102,529
- Debts after one year -€25,263
down €25,263 (-25.9%), from €97,482 to €72,219
- Staff costs +€209,996
up €209,996 (+14.2%), from €1.5m to €1.7m
- Gross operating margin +€201,740
up €201,740 (+11.5%), from €1.8m to €2.0m
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 | €1,434,805 | €1,354,165 | -€80,640 | -5.6% |
| Fixed assets | 21/28 | €251,851 | €289,520 | +€37,669 | +15.0% |
| Tangible fixed assets | 22/27 | €251,851 | €289,520 | +€37,669 | +15.0% |
| Plant, machinery and equipment | 23 | €15,956 | €24,716 | +€8,760 | +54.9% |
| Furniture and vehicles | 24 | €200,542 | €234,932 | +€34,390 | +17.1% |
| Leasing and similar rights | 25 | €35,353 | €29,871 | -€5,482 | -15.5% |
| Current assets | 29/58 | €1,182,954 | €1,064,645 | -€118,308 | -10.0% |
| Stocks and contracts in progress | 3 | €212,765 | €187,739 | -€25,026 | -11.8% |
| Stocks | 30/36 | €207,319 | €184,116 | -€23,203 | -11.2% |
| Contracts in progress | 37 | €5,446 | €3,623 | -€1,823 | -33.5% |
| Amounts receivable within one year | 40/41 | €861,587 | €837,217 | -€24,370 | -2.8% |
| Trade receivables | 40 | €838,224 | €775,213 | -€63,011 | -7.5% |
| Other amounts receivable | 41 | €23,363 | €62,004 | +€38,641 | +165.4% |
| Cash at bank and in hand | 54/58 | €61,080 | €27,037 | -€34,043 | -55.7% |
| Deferred charges and accrued income | 490/1 | €47,522 | €12,653 | -€34,870 | -73.4% |
| Total equity and liabilities | 10/49 | €1,434,805 | €1,354,165 | -€80,640 | -5.6% |
| Equity | 10/15 | €356,163 | €439,432 | +€83,269 | +23.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,163 | €373,432 | +€83,269 | +28.7% |
| Amounts payable | 17/49 | €1,078,642 | €914,733 | -€163,909 | -15.2% |
| Amounts payable after more than one year | 17 | €97,482 | €72,219 | -€25,263 | -25.9% |
| Financial debts | 170/4 | €97,482 | €72,219 | -€25,263 | -25.9% |
| Amounts payable within one year | 42/48 | €954,879 | €816,233 | -€138,646 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €42,108 | €50,750 | +€8,642 | +20.5% |
| Financial debts | 43 | €149,761 | €102,529 | -€47,232 | -31.5% |
| Credit institutions | 430/8 | €149,761 | €102,529 | -€47,232 | -31.5% |
| Trade debts | 44 | €416,260 | €262,170 | -€154,090 | -37.0% |
| Suppliers | 440/4 | €416,260 | €262,170 | -€154,090 | -37.0% |
| Taxes, remuneration and social security | 45 | €263,633 | €313,616 | +€49,983 | +19.0% |
| Taxes | 450/3 | €24,423 | €47,922 | +€23,499 | +96.2% |
| Remuneration and social security | 454/9 | €239,211 | €265,694 | +€26,483 | +11.1% |
| Other amounts payable | 47/48 | €83,117 | €87,169 | +€4,052 | +4.9% |
| Accrued charges and deferred income | 492/3 | €26,280 | €26,280 | = | 0.0% |
| Non-recurring operating income | 76A | €3,199 | €1,272 | -€1,926 | -60.2% |
| Remuneration, social security and pensions | 62 | €1,474,235 | €1,684,231 | +€209,996 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,607 | €63,158 | -€11,448 | -15.3% |
| Other operating charges | 640/8 | €8,318 | €12,768 | +€4,450 | +53.5% |
| Non-recurring operating charges | 66A | €98,775 | €62,901 | -€35,875 | -36.3% |
| Gross operating margin | 9900 | €1,759,738 | €1,961,478 | +€201,740 | +11.5% |
| Operating profit (loss) | 9901 | €103,803 | €138,420 | +€34,617 | +33.3% |
| Financial income | 75/76B | €16,213 | €3,151 | -€13,062 | -80.6% |
| Recurring financial income | 75 | €16,213 | €3,151 | -€13,062 | -80.6% |
| Financial charges | 65/66B | €28,898 | €19,752 | -€9,146 | -31.6% |
| Recurring financial charges | 65 | €28,898 | €19,752 | -€9,146 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €91,118 | €121,819 | +€30,701 | +33.7% |
| Income taxes | 67/77 | €29,862 | €38,550 | +€8,688 | +29.1% |
| Profit (loss) for the period | 9904 | €61,256 | €83,269 | +€22,013 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,256 | €83,269 | +€22,013 | +35.9% |
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 6 October 2026 via checked.be.