INTECO: 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.
INTECO
Largest movements
- Receivables after one year +€57,750
new in 2025: €57,750
- Cash -€45,265
down €45,265 (-58.8%), from €76,938 to €31,673
mainly Receivables after one year (-€57,750) and Receivables within one year (-€17,417)
- Tangible fixed assets -€17,592
down €17,592 (-30.1%), from €58,352 to €40,760
of which Furniture and vehicles: -€13,090
- Receivables within one year +€17,417
up €17,417 (+94.9%), from €18,355 to €35,772
of which Trade receivables: +€18,311
- Reserves +€27,428
up €27,428 (+27.7%), from €99,045 to €126,473
- Debts after one year -€13,768
down €13,768 (-50.6%), from €27,228 to €13,461
- Gross operating margin +€6,760
up €6,760 (+12.8%), from €52,764 to €59,523
- Taxes +€2,316
up €2,316 (+25.4%), from €9,106 to €11,422
- Financial charges -€1,106
down €1,106 (-35.0%), from €3,156 to €2,050
- Financial income +€666
up €666 (+17946.6%), from €4 to €670
of which Financial income: +€666
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 | €159,377 | €173,031 | +€13,654 | +8.6% |
| Fixed assets | 21/28 | €58,352 | €40,760 | -€17,592 | -30.1% |
| Tangible fixed assets | 22/27 | €58,352 | €40,760 | -€17,592 | -30.1% |
| Furniture and vehicles | 24 | €28,762 | €15,672 | -€13,090 | -45.5% |
| Other tangible fixed assets | 26 | €29,590 | €25,088 | -€4,502 | -15.2% |
| Current assets | 29/58 | €101,025 | €132,271 | +€31,246 | +30.9% |
| Amounts receivable after more than one year | 29 | - | €57,750 | +€57,750 | |
| Other amounts receivable | 291 | - | €57,750 | +€57,750 | |
| Amounts receivable within one year | 40/41 | €18,355 | €35,772 | +€17,417 | +94.9% |
| Trade receivables | 40 | €17,461 | €35,772 | +€18,311 | +104.9% |
| Other amounts receivable | 41 | €894 | €0 | -€894 | -100.0% |
| Cash at bank and in hand | 54/58 | €76,938 | €31,673 | -€45,265 | -58.8% |
| Deferred charges and accrued income | 490/1 | €5,733 | €7,076 | +€1,344 | +23.4% |
| Total equity and liabilities | 10/49 | €159,377 | €173,031 | +€13,654 | +8.6% |
| Equity | 10/15 | €111,445 | €138,873 | +€27,428 | +24.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €99,045 | €126,473 | +€27,428 | +27.7% |
| Distributable reserves | 133 | €99,045 | €126,473 | +€27,428 | +27.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,932 | €34,158 | -€13,774 | -28.7% |
| Amounts payable after more than one year | 17 | €27,228 | €13,461 | -€13,768 | -50.6% |
| Financial debts | 170/4 | €27,228 | €13,461 | -€13,768 | -50.6% |
| Amounts payable within one year | 42/48 | €20,704 | €20,697 | -€7 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €13,646 | €13,768 | +€122 | +0.9% |
| Financial debts | 43 | €271 | €112 | -€160 | -58.8% |
| Credit institutions | 430/8 | €271 | €112 | -€160 | -58.8% |
| Trade debts | 44 | €733 | €40 | -€693 | -94.5% |
| Suppliers | 440/4 | €733 | €40 | -€693 | -94.5% |
| Taxes, remuneration and social security | 45 | €4,906 | €5,478 | +€573 | +11.7% |
| Taxes | 450/3 | €4,906 | €5,478 | +€573 | +11.7% |
| Other amounts payable | 47/48 | €1,148 | €1,299 | +€151 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,486 | €17,592 | +€106 | +0.6% |
| Other operating charges | 640/8 | €755 | €841 | +€87 | +11.5% |
| Gross operating margin | 9900 | €52,764 | €59,523 | +€6,760 | +12.8% |
| Operating profit (loss) | 9901 | €34,523 | €41,090 | +€6,567 | +19.0% |
| Financial income | 75/76B | €4 | €670 | +€666 | +17946.6% |
| Recurring financial income | 75 | €4 | €670 | +€666 | +17946.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,156 | €2,050 | -€1,106 | -35.0% |
| Recurring financial charges | 65 | €3,156 | €2,050 | -€1,106 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €31,370 | €39,709 | +€8,339 | +26.6% |
| Income taxes | 67/77 | €9,106 | €11,422 | +€2,316 | +25.4% |
| Profit (loss) for the period | 9904 | €22,264 | €28,287 | +€6,023 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,264 | €28,287 | +€6,023 | +27.1% |
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.