INTECH: 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.
INTECH
Largest movements
- Receivables within one year -€119,430
down €119,430 (-44.8%), from €266,487 to €147,057
of which Trade receivables: -€129,785
- Stocks and contracts -€115,503
down €115,503 (-16.9%), from €683,316 to €567,813
- Tangible fixed assets -€41,725
down €41,725 (-8.3%), from €500,694 to €458,969
- Cash +€16,666
up €16,666 (+51.2%), from €32,524 to €49,190
mainly Receivables within one year (+€119,430) and Stocks and contracts (+€115,503)
- Trade debts -€111,972
down €111,972 (-11.0%), from €1.0m to €907,593
- Profit (loss) carried forward -€104,493
down €104,493 (-64.0%), from -€163,393 to -€267,886
- Current portion of long-term debt -€23,248
down €23,248 (-56.1%), from €41,431 to €18,183
- Debts after one year -€18,183
no longer reported in 2025 (was €18,183)
- Gross operating margin -€196,102
down €196,102, from €144,601 to -€51,500
- Depreciation +€11,782
up €11,782 (+33.6%), from €35,041 to €46,823
- Financial charges -€6,895
down €6,895 (-38.1%), from €18,115 to €11,220
- Other operating charges -€3,441
down €3,441 (-47.7%), from €7,208 to €3,767
- Financial income -€1,527
down €1,527 (-16.9%), from €9,052 to €7,525
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 | €1,487,464 | €1,227,526 | -€259,938 | -17.5% |
| Fixed assets | 21/28 | €500,694 | €458,969 | -€41,725 | -8.3% |
| Tangible fixed assets | 22/27 | €500,694 | €458,969 | -€41,725 | -8.3% |
| Land and buildings | 22 | €424,158 | €407,103 | -€17,054 | -4.0% |
| Plant, machinery and equipment | 23 | €29,796 | €21,718 | -€8,078 | -27.1% |
| Furniture and vehicles | 24 | €46,740 | €30,148 | -€16,592 | -35.5% |
| Current assets | 29/58 | €986,770 | €768,557 | -€218,214 | -22.1% |
| Stocks and contracts in progress | 3 | €683,316 | €567,813 | -€115,503 | -16.9% |
| Stocks | 30/36 | €683,316 | €567,813 | -€115,503 | -16.9% |
| Amounts receivable within one year | 40/41 | €266,487 | €147,057 | -€119,430 | -44.8% |
| Trade receivables | 40 | €132,973 | €3,188 | -€129,785 | -97.6% |
| Other amounts receivable | 41 | €133,514 | €143,868 | +€10,355 | +7.8% |
| Cash at bank and in hand | 54/58 | €32,524 | €49,190 | +€16,666 | +51.2% |
| Deferred charges and accrued income | 490/1 | €4,443 | €4,497 | +€54 | +1.2% |
| Total equity and liabilities | 10/49 | €1,487,464 | €1,227,526 | -€259,938 | -17.5% |
| Equity | 10/15 | €201,186 | €96,693 | -€104,493 | -51.9% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Revaluation surpluses | 12 | €244,127 | €244,127 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,393 | -€267,886 | -€104,493 | -64.0% |
| Amounts payable | 17/49 | €1,286,279 | €1,130,834 | -€155,445 | -12.1% |
| Amounts payable after more than one year | 17 | €18,183 | - | -€18,183 | |
| Financial debts | 170/4 | €18,183 | - | -€18,183 | |
| Amounts payable within one year | 42/48 | €1,268,096 | €1,130,834 | -€137,262 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €41,431 | €18,183 | -€23,248 | -56.1% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €1,019,565 | €907,593 | -€111,972 | -11.0% |
| Suppliers | 440/4 | €1,019,565 | €907,593 | -€111,972 | -11.0% |
| Taxes, remuneration and social security | 45 | €7,100 | €5,057 | -€2,043 | -28.8% |
| Taxes | 450/3 | €7,100 | €2,557 | -€4,543 | -64.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €131,258 | - | -€131,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,041 | €46,823 | +€11,782 | +33.6% |
| Other operating charges | 640/8 | €7,208 | €3,767 | -€3,441 | -47.7% |
| Gross operating margin | 9900 | €144,601 | -€51,500 | -€196,102 | |
| Operating profit (loss) | 9901 | €102,353 | -€102,090 | -€204,443 | |
| Financial income | 75/76B | €9,052 | €7,525 | -€1,527 | -16.9% |
| Recurring financial income | 75 | €9,052 | €7,525 | -€1,527 | -16.9% |
| Financial charges | 65/66B | €18,115 | €11,220 | -€6,895 | -38.1% |
| Recurring financial charges | 65 | €18,115 | €11,220 | -€6,895 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €93,290 | -€105,785 | -€199,075 | |
| Income taxes | 67/77 | €805 | €1 | -€804 | -99.8% |
| Profit (loss) for the period | 9904 | €92,485 | -€105,786 | -€198,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,485 | -€105,786 | -€198,271 |
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 1 October 2026 via checked.be.