INTEGRAL: 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.
INTEGRAL
Largest movements
- Cash -€441,913
down €441,913 (-83.8%), from €527,043 to €85,130
mainly Net result for the year (-€1.4m) and Current portion of long-term debt (-€89,542)
- Stocks and contracts -€226,082
down €226,082 (-27.6%), from €817,664 to €591,582
of which Stocks: -€222,871
- Receivables within one year -€201,081
down €201,081 (-19.4%), from €1.0m to €833,319
of which Trade receivables: -€156,094
- Tangible fixed assets -€140,287
down €140,287 (-14.5%), from €968,989 to €828,702
of which Leasing and similar rights: -€263,563
- Profit (loss) carried forward -€1.4m
down €1.4m (-100.5%), from -€1.4m to -€2.8m
- Trade debts +€268,123
up €268,123 (+24.1%), from €1.1m to €1.4m
- Short-term financial debts +€148,826
up €148,826 (+73.1%), from €203,617 to €352,443
- Debts after one year +€119,579
up €119,579 (+78.5%), from €152,291 to €271,871
- Current portion of long-term debt -€89,542
down €89,542 (-55.5%), from €161,288 to €71,746
- Other operating charges +€201,371
up €201,371 (+77.1%), from €261,147 to €462,517
- Staff costs -€139,132
down €139,132 (-5.2%), from €2.7m to €2.5m
- Write-downs -€65,931
down €65,931 (-22.5%), from -€293,022 to -€358,953
- Depreciation -€28,583
down €28,583 (-12.0%), from €238,085 to €209,502
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,348,096 | €2,338,732 | -€1.0m | -30.1% |
| Fixed assets | 21/28 | €968,989 | €828,702 | -€140,287 | -14.5% |
| Tangible fixed assets | 22/27 | €968,989 | €828,702 | -€140,287 | -14.5% |
| Land and buildings | 22 | €18,909 | €15,017 | -€3,892 | -20.6% |
| Plant, machinery and equipment | 23 | €494,957 | €654,196 | +€159,239 | +32.2% |
| Furniture and vehicles | 24 | €10,917 | €5,845 | -€5,072 | -46.5% |
| Leasing and similar rights | 25 | €390,206 | €126,643 | -€263,563 | -67.5% |
| Other tangible fixed assets | 26 | €54,000 | €27,000 | -€27,000 | -50.0% |
| Current assets | 29/58 | €2,379,107 | €1,510,031 | -€869,077 | -36.5% |
| Stocks and contracts in progress | 3 | €817,664 | €591,582 | -€226,082 | -27.6% |
| Stocks | 30/36 | €453,819 | €230,948 | -€222,871 | -49.1% |
| Contracts in progress | 37 | €363,845 | €360,634 | -€3,211 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,034,400 | €833,319 | -€201,081 | -19.4% |
| Trade receivables | 40 | €799,660 | €643,567 | -€156,094 | -19.5% |
| Other amounts receivable | 41 | €234,740 | €189,752 | -€44,988 | -19.2% |
| Cash at bank and in hand | 54/58 | €527,043 | €85,130 | -€441,913 | -83.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,348,096 | €2,338,732 | -€1.0m | -30.1% |
| Equity | 10/15 | €122,088 | -€1,264,893 | -€1.4m | |
| Contributions | 10/11 | €1,081,540 | €1,081,540 | = | 0.0% |
| Capital | 10 | €1,081,540 | €1,081,540 | = | 0.0% |
| Issued capital | 100 | €1,081,540 | €1,081,540 | = | 0.0% |
| Reserves | 13 | €420,120 | €420,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,500 | €44,500 | = | 0.0% |
| Legal reserve | 130 | €44,500 | €44,500 | = | 0.0% |
| Distributable reserves | 133 | €375,620 | €375,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,379,572 | -€2,766,553 | -€1.4m | -100.5% |
| Amounts payable | 17/49 | €3,226,008 | €3,603,625 | +€377,617 | +11.7% |
| Amounts payable after more than one year | 17 | €152,291 | €271,871 | +€119,579 | +78.5% |
| Financial debts | 170/4 | €152,291 | €271,871 | +€119,579 | +78.5% |
| Amounts payable within one year | 42/48 | €2,979,333 | €3,303,817 | +€324,484 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €161,288 | €71,746 | -€89,542 | -55.5% |
| Financial debts | 43 | €203,617 | €352,443 | +€148,826 | +73.1% |
| Credit institutions | 430/8 | €203,617 | €352,443 | +€148,826 | +73.1% |
| Trade debts | 44 | €1,111,577 | €1,379,700 | +€268,123 | +24.1% |
| Suppliers | 440/4 | €1,111,577 | €1,379,700 | +€268,123 | +24.1% |
| Advances received on contracts in progress | 46 | €1,178,391 | €1,221,758 | +€43,367 | +3.7% |
| Taxes, remuneration and social security | 45 | €324,051 | €278,169 | -€45,882 | -14.2% |
| Taxes | 450/3 | €52,411 | €47,689 | -€4,722 | -9.0% |
| Remuneration and social security | 454/9 | €271,640 | €230,480 | -€41,160 | -15.2% |
| Other amounts payable | 47/48 | €409 | €0 | -€409 | -100.0% |
| Accrued charges and deferred income | 492/3 | €94,385 | €27,938 | -€66,447 | -70.4% |
| Non-recurring operating income | 76A | €44,017 | €8,739 | -€35,278 | -80.1% |
| Remuneration, social security and pensions | 62 | €2,673,318 | €2,534,186 | -€139,132 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,085 | €209,502 | -€28,583 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€293,022 | -€358,953 | -€65,931 | -22.5% |
| Other operating charges | 640/8 | €261,147 | €462,517 | +€201,371 | +77.1% |
| Non-recurring operating charges | 66A | €7,706 | €48,759 | +€41,053 | +532.8% |
| Gross operating margin | 9900 | €1,536,047 | €1,539,681 | +€3,634 | +0.2% |
| Operating profit (loss) | 9901 | -€1,351,187 | -€1,356,329 | -€5,142 | -0.4% |
| Financial income | 75/76B | €22,547 | €7,489 | -€15,058 | -66.8% |
| Recurring financial income | 75 | €22,547 | €7,489 | -€15,058 | -66.8% |
| Financial charges | 65/66B | €48,255 | €35,866 | -€12,389 | -25.7% |
| Recurring financial charges | 65 | €48,255 | €35,866 | -€12,389 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,376,895 | -€1,384,706 | -€7,811 | -0.6% |
| Income taxes | 67/77 | €2,677 | €2,274 | -€403 | -15.1% |
| Profit (loss) for the period | 9904 | -€1,379,572 | -€1,386,981 | -€7,408 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,379,572 | -€1,386,981 | -€7,408 | -0.5% |
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 30 September 2026 via checked.be.