INTEGER BOUWEN: what changed
Two financial 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.
What changed
INTEGER BOUWEN
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · €111,107-€2.0m
Equity
€2.2m
2024 · €4.1m-€1.9m
Cash
€3.2m
2024 · €2.7m+€499,344
Balance sheet total
€23.4m
2024 · €23.8m-€364,112
Largest movements
Assets
- Stocks and contracts +€5.1m
up €5.1m (+213.1%), from €2.4m to €7.5m
of which Contracts in progress: +€5.1m
- Receivables within one year -€3.4m
down €3.4m (-24.1%), from €14.1m to €10.7m
of which Trade receivables: -€3.9m
- Current investments -€2.6m
down €2.6m (-78.6%), from €3.3m to €704,977
- Cash +€499,344
up €499,344 (+18.6%), from €2.7m to €3.2m
mainly Receivables within one year (+€3.4m) and Current investments (+€2.6m)
Equity and liabilities
- Reserves -€1.9m
down €1.9m (-80.4%), from €2.3m to €454,313
of which Distributable reserves: -€1.9m
- Short-term financial debts +€1.1m
up €1.1m (+38.1%), from €3.0m to €4.2m
of which Credit institutions: +€749,309
- Debts after one year +€1.0m
up €1.0m (+50.0%), from €2.0m to €3.0m
- Trade debts -€932,659
down €932,659 (-7.6%), from €12.3m to €11.4m
- Advances received +€340,381
up €340,381 (+250.5%), from €135,859 to €476,240
Income statement
- Turnover -€11.0m
down €11.0m (-24.5%), from €44.7m to €33.8m
- Goods and materials -€5.9m
down €5.9m (-15.4%), from €38.1m to €32.3m
of which Purchases: -€5.9m
- Write-downs +€932,610
new in 2025: €932,610
- Services and other goods +€541,160
up €541,160 (+22.3%), from €2.4m to €3.0m
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.
Result 2024
€111,107
Turnover
-€11.0m
Other operating income
-€94,189
Goods and materials
+€5.9m
Services and other goods
-€541,160
Staff costs
-€58,669
Depreciation
-€19,396
Write-downs
-€932,610
Other operating charges
+€1,545
Other operating items
+€4.9m
Financial income
-€33,595
Financial charges
-€92,109
Taxes
-€115
Result 2025
-€1.9m
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.
From operations
-€3.8m
Investment
+€2.2m
Financing
+€2.1m
Cash 2024
€2.7m
From operations (derived)
-€3.8m
Net result for the year
-€1.9m
Depreciation
+€403,560
Stocks and contracts
-€5.1m
Receivables within one year
+€3.4m
Smaller working-capital items
-€11,631
Trade debts
-€932,659
Tax, wage and social debts
-€133,797
Advances received
+€340,381
Accrued charges and deferred income
+€85,389
Investment (derived)
+€2.2m
Investment in fixed assets (net)
-€420,892
Current investments
+€2.6m
Financing
+€2.1m
Debts after one year
+€1.0m
Short-term financial debts
+€1.1m
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,767,933 | €23,403,821 | -€364,112 | -1.5% |
| Fixed assets | 21/28 | €1,282,403 | €1,299,735 | +€17,332 | +1.4% |
| Tangible fixed assets | 22/27 | €576,005 | €573,610 | -€2,395 | -0.4% |
| Plant, machinery and equipment | 23 | €426,036 | €451,468 | +€25,432 | +6.0% |
| Furniture and vehicles | 24 | €149,968 | €122,141 | -€27,827 | -18.6% |
| Financial fixed assets | 28 | €706,398 | €726,125 | +€19,727 | +2.8% |
| Other financial fixed assets | 284/8 | €706,398 | €726,125 | +€19,727 | +2.8% |
| Shares | 284 | €67,500 | €67,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €638,898 | €658,625 | +€19,727 | +3.1% |
| Current assets | 29/58 | €22,485,529 | €22,104,085 | -€381,444 | -1.7% |
| Stocks and contracts in progress | 3 | €2,392,530 | €7,491,887 | +€5.1m | +213.1% |
| Stocks | 30/36 | €426,845 | €382,176 | -€44,669 | -10.5% |
| Raw materials and consumables | 30/31 | €426,845 | €382,176 | -€44,669 | -10.5% |
| Contracts in progress | 37 | €1,965,685 | €7,109,711 | +€5.1m | +261.7% |
| Amounts receivable within one year | 40/41 | €14,113,640 | €10,718,113 | -€3.4m | -24.1% |
| Trade receivables | 40 | €14,081,743 | €10,134,489 | -€3.9m | -28.0% |
| Other amounts receivable | 41 | €31,897 | €583,624 | +€551,727 | +1729.7% |
| Current investments | 50/53 | €3,289,643 | €704,977 | -€2.6m | -78.6% |
| Other investments | 51/53 | €3,289,643 | €704,977 | -€2.6m | -78.6% |
| Cash at bank and in hand | 54/58 | €2,689,543 | €3,188,887 | +€499,344 | +18.6% |
| Deferred charges and accrued income | 490/1 | €173 | €222 | +€49 | +28.4% |
| Total equity and liabilities | 10/49 | €23,767,933 | €23,403,821 | -€364,112 | -1.5% |
| Equity | 10/15 | €4,100,466 | €2,239,313 | -€1.9m | -45.4% |
| Contributions | 10/11 | €1,785,000 | €1,785,000 | = | 0.0% |
| Capital | 10 | €1,785,000 | €1,785,000 | = | 0.0% |
| Issued capital | 100 | €1,785,000 | €1,785,000 | = | 0.0% |
| Reserves | 13 | €2,315,466 | €454,313 | -€1.9m | -80.4% |
| Non-distributable reserves | 130/1 | €178,500 | €178,500 | = | 0.0% |
| Legal reserve | 130 | €178,500 | €178,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,997 | €186,997 | = | 0.0% |
| Distributable reserves | 133 | €1,949,968 | €88,816 | -€1.9m | -95.4% |
| Amounts payable | 17/49 | €19,667,467 | €21,164,508 | +€1.5m | +7.6% |
| Amounts payable after more than one year | 17 | €2,000,000 | €3,000,000 | +€1.0m | +50.0% |
| Financial debts | 170/4 | €2,000,000 | €3,000,000 | +€1.0m | +50.0% |
| Other loans | 174 | €2,000,000 | €3,000,000 | +€1.0m | +50.0% |
| Amounts payable within one year | 42/48 | €17,464,467 | €17,876,119 | +€411,652 | +2.4% |
| Financial debts | 43 | €3,013,679 | €4,162,988 | +€1.1m | +38.1% |
| Credit institutions | 430/8 | €2,838,679 | €3,587,988 | +€749,309 | +26.4% |
| Other loans | 439 | €175,000 | €575,000 | +€400,000 | +228.6% |
| Trade debts | 44 | €12,337,174 | €11,404,515 | -€932,659 | -7.6% |
| Suppliers | 440/4 | €12,337,174 | €11,404,515 | -€932,659 | -7.6% |
| Advances received on contracts in progress | 46 | €135,859 | €476,240 | +€340,381 | +250.5% |
| Taxes, remuneration and social security | 45 | €408,270 | €274,473 | -€133,797 | -32.8% |
| Taxes | 450/3 | €127,068 | €73,061 | -€54,007 | -42.5% |
| Remuneration and social security | 454/9 | €281,202 | €201,412 | -€79,790 | -28.4% |
| Other amounts payable | 47/48 | €1,569,484 | €1,557,902 | -€11,582 | -0.7% |
| Accrued charges and deferred income | 492/3 | €203,000 | €288,389 | +€85,389 | +42.1% |
| Operating income | 70/76A | €45,890,357 | €39,734,285 | -€6.2m | -13.4% |
| Turnover | 70 | €44,746,985 | €33,794,897 | -€11.0m | -24.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €991,651 | €5,902,993 | +€4.9m | +495.3% |
| Other operating income | 74 | €130,584 | €36,395 | -€94,189 | -72.1% |
| Non-recurring operating income | 76A | €21,137 | - | -€21,137 | |
| Operating charges | 60/66A | €45,657,926 | €41,348,294 | -€4.3m | -9.4% |
| Goods for resale, raw materials and consumables | 60 | €38,136,110 | €32,276,187 | -€5.9m | -15.4% |
| Purchases | 600/8 | €38,094,557 | €32,222,899 | -€5.9m | -15.4% |
| Change in stocks: decrease (increase) | 609 | €41,552 | €53,288 | +€11,736 | +28.2% |
| Services and other goods | 61 | €2,430,321 | €2,971,481 | +€541,160 | +22.3% |
| Remuneration, social security and pensions | 62 | €4,620,350 | €4,679,019 | +€58,669 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384,164 | €403,560 | +€19,396 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €932,610 | +€932,610 | |
| Other operating charges | 640/8 | €86,981 | €85,437 | -€1,545 | -1.8% |
| Operating profit (loss) | 9901 | €232,431 | -€1,614,009 | -€1.8m | |
| Financial income | 75/76B | €63,783 | €30,188 | -€33,595 | -52.7% |
| Recurring financial income | 75 | €63,783 | €30,188 | -€33,595 | -52.7% |
| Other financial income | 752/9 | €63,783 | €30,188 | -€33,595 | -52.7% |
| Financial charges | 65/66B | €181,359 | €273,467 | +€92,109 | +50.8% |
| Recurring financial charges | 65 | €181,359 | €273,467 | +€92,109 | +50.8% |
| Debt charges | 650 | €181,321 | €260,469 | +€79,148 | +43.7% |
| Other financial charges | 652/9 | €38 | €12,999 | +€12,961 | +34179.0% |
| Profit (loss) for the period before taxes | 9903 | €114,855 | -€1,857,288 | -€2.0m | |
| Income taxes | 67/77 | €3,749 | €3,864 | +€115 | +3.1% |
| Taxes | 670/3 | €3,749 | €3,864 | +€115 | +3.1% |
| Profit (loss) for the period | 9904 | €111,107 | -€1,861,153 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €111,107 | -€1,861,153 | -€2.0m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.