Integra Partners: 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.
Integra Partners
Largest movements
- Financial fixed assets +€630,219
up €630,219 (+52.2%), from €1.2m to €1.8m
- Cash -€127,581
down €127,581 (-84.1%), from €151,653 to €24,071
mainly Investment in fixed assets (net) (-€715,214) and Net result for the year (-€345,691)
- Tangible fixed assets -€40,455
down €40,455 (-15.3%), from €263,787 to €223,333
of which Other tangible fixed assets: -€21,825
- Receivables within one year +€35,859
up €35,859 (+11.5%), from €313,073 to €348,932
of which Trade receivables: +€101,813
- Debts after one year +€628,879
up €628,879 (+48.9%), from €1.3m to €1.9m
- Profit (loss) carried forward -€345,691
down €345,691 (-89.8%), from €385,122 to €39,431
- Trade debts +€257,152
up €257,152 (+80.6%), from €318,894 to €576,046
- Tax, wage and social debts -€87,815
down €87,815 (-80.5%), from €109,032 to €21,217
of which Taxes: -€78,375
- Advances received +€50,000
new in 2025: €50,000
- Gross operating margin -€822,944
down €822,944 (-94.2%), from €873,181 to €50,236
- Taxes -€130,245
down €130,245 (-99.7%), from €130,627 to €382
- Staff costs -€50,578
down €50,578 (-15.8%), from €319,648 to €269,070
- Depreciation +€13,773
up €13,773 (+14.9%), from €92,435 to €106,208
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 | €2,181,584 | €2,716,135 | +€534,550 | +24.5% |
| Formation expenses | 20 | €1,828 | €1,111 | -€717 | -39.2% |
| Fixed assets | 21/28 | €1,569,351 | €2,179,075 | +€609,724 | +38.9% |
| Intangible fixed assets | 21 | €99,145 | €119,104 | +€19,959 | +20.1% |
| Tangible fixed assets | 22/27 | €263,787 | €223,333 | -€40,455 | -15.3% |
| Plant, machinery and equipment | 23 | €3,585 | €2,397 | -€1,188 | -33.1% |
| Furniture and vehicles | 24 | €99,103 | €81,661 | -€17,442 | -17.6% |
| Other tangible fixed assets | 26 | €161,100 | €139,275 | -€21,825 | -13.5% |
| Financial fixed assets | 28 | €1,206,419 | €1,836,638 | +€630,219 | +52.2% |
| Current assets | 29/58 | €610,405 | €535,949 | -€74,456 | -12.2% |
| Amounts receivable after more than one year | 29 | €120,405 | €126,155 | +€5,750 | +4.8% |
| Other amounts receivable | 291 | €120,405 | €126,155 | +€5,750 | +4.8% |
| Amounts receivable within one year | 40/41 | €313,073 | €348,932 | +€35,859 | +11.5% |
| Trade receivables | 40 | €98,994 | €200,807 | +€101,813 | +102.8% |
| Other amounts receivable | 41 | €214,079 | €148,125 | -€65,954 | -30.8% |
| Cash at bank and in hand | 54/58 | €151,653 | €24,071 | -€127,581 | -84.1% |
| Deferred charges and accrued income | 490/1 | €25,274 | €36,790 | +€11,516 | +45.6% |
| Total equity and liabilities | 10/49 | €2,181,584 | €2,716,135 | +€534,550 | +24.5% |
| Equity | 10/15 | €452,772 | €107,081 | -€345,691 | -76.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,122 | €39,431 | -€345,691 | -89.8% |
| Amounts payable | 17/49 | €1,728,813 | €2,609,054 | +€880,241 | +50.9% |
| Amounts payable after more than one year | 17 | €1,286,440 | €1,915,319 | +€628,879 | +48.9% |
| Financial debts | 170/4 | €1,286,440 | €1,915,319 | +€628,879 | +48.9% |
| Amounts payable within one year | 42/48 | €436,323 | €683,965 | +€247,643 | +56.8% |
| Trade debts | 44 | €318,894 | €576,046 | +€257,152 | +80.6% |
| Suppliers | 440/4 | €318,894 | €576,046 | +€257,152 | +80.6% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €109,032 | €21,217 | -€87,815 | -80.5% |
| Taxes | 450/3 | €79,336 | €961 | -€78,375 | -98.8% |
| Remuneration and social security | 454/9 | €29,696 | €20,256 | -€9,440 | -31.8% |
| Other amounts payable | 47/48 | €8,398 | €36,703 | +€28,305 | +337.1% |
| Accrued charges and deferred income | 492/3 | €6,050 | €9,769 | +€3,719 | +61.5% |
| Non-recurring operating income | 76A | €10 | €0 | -€10 | -100.0% |
| Remuneration, social security and pensions | 62 | €319,648 | €269,070 | -€50,578 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,435 | €106,208 | +€13,773 | +14.9% |
| Other operating charges | 640/8 | €2,173 | €1,810 | -€363 | -16.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €873,181 | €50,236 | -€822,944 | -94.2% |
| Operating profit (loss) | 9901 | €458,925 | -€326,852 | -€785,776 | |
| Financial income | 75/76B | €1,854 | €3,588 | +€1,733 | +93.5% |
| Recurring financial income | 75 | €1,854 | €3,588 | +€1,733 | +93.5% |
| Financial charges | 65/66B | €14,120 | €22,045 | +€7,925 | +56.1% |
| Recurring financial charges | 65 | €14,120 | €22,045 | +€7,925 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €446,659 | -€345,308 | -€791,968 | |
| Income taxes | 67/77 | €130,627 | €382 | -€130,245 | -99.7% |
| Profit (loss) for the period | 9904 | €316,032 | -€345,691 | -€661,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €316,032 | -€345,691 | -€661,723 |
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 9 October 2026 via checked.be.