Integra Fund: 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.
Integra Fund
Largest movements
- Financial fixed assets -€21.5m
down €21.5m (-15.1%), from €142.1m to €120.7m
of which Affiliated companies: -€20.6m
- Cash +€2.9m
up €2.9m (+194.4%), from €1.5m to €4.4m
mainly Investment in fixed assets (net) (+€21.5m) and Short-term financial debts (+€6.2m)
- Contributions -€15.3m
down €15.3m (-10.2%), from €149.8m to €134.5m
- Profit (loss) carried forward -€10.2m
down €10.2m (-160.2%), from -€6.4m to -€16.6m
- Short-term financial debts +€6.2m
up €6.2m (+622.5%), from €1.0m to €7.2m
- Financial charges +€21.2m
up €21.2m (+6016.9%), from €352,101 to €21.5m
of which Non-recurring financial charges: +€21.4m
- Financial income +€12.3m
up €12.3m (+789.4%), from €1.6m to €13.8m
of which Non-recurring financial income: +€11.3m
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 | €144,443,635 | €125,192,486 | -€19.3m | -13.3% |
| Fixed assets | 21/28 | €142,131,493 | €120,660,496 | -€21.5m | -15.1% |
| Financial fixed assets | 28 | €142,131,493 | €120,660,496 | -€21.5m | -15.1% |
| Affiliated companies | 280/1 | €37,186,488 | €16,595,000 | -€20.6m | -55.4% |
| Participating interests | 280 | €30,556,488 | €13,715,000 | -€16.8m | -55.1% |
| Amounts receivable | 281 | €6,630,000 | €2,880,000 | -€3.8m | -56.6% |
| Companies linked by participating interests | 282/3 | €6,024,600 | €11,962,100 | +€5.9m | +98.6% |
| Participating interests | 282 | €6,024,600 | €11,962,100 | +€5.9m | +98.6% |
| Other financial fixed assets | 284/8 | €98,920,405 | €92,103,396 | -€6.8m | -6.9% |
| Shares | 284 | €96,457,327 | €91,883,868 | -€4.6m | -4.7% |
| Amounts receivable and cash guarantees | 285/8 | €2,463,077 | €219,528 | -€2.2m | -91.1% |
| Current assets | 29/58 | €2,312,142 | €4,531,989 | +€2.2m | +96.0% |
| Amounts receivable within one year | 40/41 | €818,192 | €142,390 | -€675,802 | -82.6% |
| Other amounts receivable | 41 | €818,192 | €142,390 | -€675,802 | -82.6% |
| Cash at bank and in hand | 54/58 | €1,490,170 | €4,387,496 | +€2.9m | +194.4% |
| Deferred charges and accrued income | 490/1 | €3,780 | €2,104 | -€1,676 | -44.3% |
| Total equity and liabilities | 10/49 | €144,443,635 | €125,192,486 | -€19.3m | -13.3% |
| Equity | 10/15 | €143,386,380 | €117,813,288 | -€25.6m | -17.8% |
| Contributions | 10/11 | €149,784,674 | €134,460,174 | -€15.3m | -10.2% |
| Profit (loss) carried forward | 14 | -€6,398,294 | -€16,646,885 | -€10.2m | -160.2% |
| Amounts payable | 17/49 | €1,057,255 | €7,379,197 | +€6.3m | +598.0% |
| Amounts payable within one year | 42/48 | €1,056,352 | €7,372,498 | +€6.3m | +597.9% |
| Financial debts | 43 | €1,000,000 | €7,225,000 | +€6.2m | +622.5% |
| Credit institutions | 430/8 | €1,000,000 | €7,225,000 | +€6.2m | +622.5% |
| Trade debts | 44 | €56,352 | €112,204 | +€55,852 | +99.1% |
| Suppliers | 440/4 | €56,352 | €112,204 | +€55,852 | +99.1% |
| Other amounts payable | 47/48 | - | €35,294 | +€35,294 | |
| Accrued charges and deferred income | 492/3 | €903 | €6,699 | +€5,796 | +641.7% |
| Operating charges | 60/66A | €2,403,329 | €2,544,681 | +€141,352 | +5.9% |
| Services and other goods | 61 | €2,401,814 | €2,542,978 | +€141,164 | +5.9% |
| Other operating charges | 640/8 | €1,515 | €1,703 | +€188 | +12.4% |
| Operating profit (loss) | 9901 | -€2,403,329 | -€2,544,681 | -€141,352 | -5.9% |
| Financial income | 75/76B | €1,555,302 | €13,833,589 | +€12.3m | +789.4% |
| Recurring financial income | 75 | €1,555,302 | €2,487,223 | +€931,921 | +59.9% |
| Income from financial fixed assets | 750 | €1,543,489 | €2,474,363 | +€930,874 | +60.3% |
| Income from current assets | 751 | €2,968 | €4,557 | +€1,589 | +53.5% |
| Other financial income | 752/9 | €8,844 | €8,303 | -€541 | -6.1% |
| Non-recurring financial income | 76B | - | €11,346,366 | +€11.3m | |
| Financial charges | 65/66B | €352,101 | €21,537,500 | +€21.2m | +6016.9% |
| Recurring financial charges | 65 | €352,101 | €183,990 | -€168,111 | -47.7% |
| Debt charges | 650 | €297,898 | €167,421 | -€130,477 | -43.8% |
| Other financial charges | 652/9 | €54,203 | €16,569 | -€37,634 | -69.4% |
| Non-recurring financial charges | 66B | - | €21,353,510 | +€21.4m | |
| Profit (loss) for the period before taxes | 9903 | -€1,200,128 | -€10,248,591 | -€9.0m | -754.0% |
| Profit (loss) for the period | 9904 | -€1,200,128 | -€10,248,591 | -€9.0m | -754.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,200,128 | -€10,248,591 | -€9.0m | -754.0% |
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.