Integra Management: 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 Management
Largest movements
- Receivables within one year +€440,034
up €440,034 (+483.2%), from €91,064 to €531,098
of which Other amounts receivable: +€335,000
- Cash -€122,417
down €122,417 (-9.3%), from €1.3m to €1.2m
mainly Receivables within one year (-€440,034) and Receivables after one year (-€70,000)
- Receivables after one year +€70,000
new in 2025: €70,000
- Tangible fixed assets -€41,601
down €41,601 (-4.4%), from €948,319 to €906,718
of which Land and buildings: -€22,963
- Financial fixed assets +€29,751
up €29,751 (+13.8%), from €215,049 to €244,800
- Reserves +€468,936
up €468,936 (+24.4%), from €1.9m to €2.4m
of which Distributable reserves: +€468,936
- Debts after one year -€59,605
down €59,605 (-16.2%), from €368,623 to €309,018
- Tax, wage and social debts -€30,725
down €30,725 (-43.2%), from €71,205 to €40,480
of which Taxes: -€34,144
- Gross operating margin +€124,215
up €124,215 (+20.9%), from €595,153 to €719,368
- Taxes +€34,997
up €34,997 (+19.4%), from €180,602 to €215,598
- Financial income -€17,426
down €17,426 (-41.7%), from €41,747 to €24,321
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 | €2,568,214 | €2,943,799 | +€375,585 | +14.6% |
| Fixed assets | 21/28 | €1,163,368 | €1,151,518 | -€11,850 | -1.0% |
| Tangible fixed assets | 22/27 | €948,319 | €906,718 | -€41,601 | -4.4% |
| Land and buildings | 22 | €866,454 | €843,491 | -€22,963 | -2.7% |
| Furniture and vehicles | 24 | €81,865 | €63,227 | -€18,638 | -22.8% |
| Financial fixed assets | 28 | €215,049 | €244,800 | +€29,751 | +13.8% |
| Current assets | 29/58 | €1,404,846 | €1,792,281 | +€387,435 | +27.6% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 291 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €91,064 | €531,098 | +€440,034 | +483.2% |
| Trade receivables | 40 | €91,064 | €196,098 | +€105,034 | +115.3% |
| Other amounts receivable | 41 | - | €335,000 | +€335,000 | |
| Cash at bank and in hand | 54/58 | €1,313,089 | €1,190,672 | -€122,417 | -9.3% |
| Deferred charges and accrued income | 490/1 | €693 | €510 | -€183 | -26.4% |
| Total equity and liabilities | 10/49 | €2,568,214 | €2,943,799 | +€375,585 | +14.6% |
| Equity | 10/15 | €1,942,276 | €2,411,212 | +€468,936 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,923,676 | €2,392,612 | +€468,936 | +24.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,921,816 | €2,390,752 | +€468,936 | +24.4% |
| Amounts payable | 17/49 | €625,938 | €532,587 | -€93,351 | -14.9% |
| Amounts payable after more than one year | 17 | €368,623 | €309,018 | -€59,605 | -16.2% |
| Financial debts | 170/4 | €368,623 | €309,018 | -€59,605 | -16.2% |
| Amounts payable within one year | 42/48 | €246,647 | €213,672 | -€32,975 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €58,892 | €59,605 | +€713 | +1.2% |
| Trade debts | 44 | €1,594 | €1,062 | -€532 | -33.4% |
| Suppliers | 440/4 | €1,594 | €1,062 | -€532 | -33.4% |
| Taxes, remuneration and social security | 45 | €71,205 | €40,480 | -€30,725 | -43.2% |
| Taxes | 450/3 | €71,205 | €37,061 | -€34,144 | -48.0% |
| Remuneration and social security | 454/9 | €0 | €3,419 | +€3,419 | |
| Other amounts payable | 47/48 | €114,956 | €112,526 | -€2,430 | -2.1% |
| Accrued charges and deferred income | 492/3 | €10,668 | €9,897 | -€772 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,825 | €42,895 | +€69 | +0.2% |
| Other operating charges | 640/8 | €8,500 | €8,911 | +€410 | +4.8% |
| Gross operating margin | 9900 | €595,153 | €719,368 | +€124,215 | +20.9% |
| Operating profit (loss) | 9901 | €543,827 | €667,562 | +€123,736 | +22.8% |
| Financial income | 75/76B | €41,747 | €24,321 | -€17,426 | -41.7% |
| Recurring financial income | 75 | €41,747 | €24,321 | -€17,426 | -41.7% |
| Financial charges | 65/66B | €8,669 | €7,349 | -€1,320 | -15.2% |
| Recurring financial charges | 65 | €8,669 | €7,349 | -€1,320 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €576,905 | €684,534 | +€107,629 | +18.7% |
| Income taxes | 67/77 | €180,602 | €215,598 | +€34,997 | +19.4% |
| Profit (loss) for the period | 9904 | €396,303 | €468,936 | +€72,632 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €396,303 | €468,936 | +€72,632 | +18.3% |
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.