INTEGRATECH: 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.
What changed
INTEGRATECH
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €3.4m-€1.1m
Equity
€11.2m
2024 · €10.3m+€912,280
Cash
€1.0m
2024 · €597,050+€452,894
Balance sheet total
€15.4m
2024 · €15.2m+€157,803
Largest movements
Assets
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Receivables within one year +€691,327
up €691,327 (+7.7%), from €9.0m to €9.7m
of which Other amounts receivable: +€1.3m
- Cash +€452,894
up €452,894 (+75.9%), from €597,050 to €1.0m
mainly Net result for the year (+€2.3m) and Current investments (+€1.0m)
- Tangible fixed assets -€170,123
down €170,123 (-16.8%), from €1.0m to €844,880
of which Furniture and vehicles: -€161,080
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-50.0%), from €3.0m to €1.5m
- Trade debts +€991,349
up €991,349 (+75.7%), from €1.3m to €2.3m
- Reserves +€912,280
up €912,280 (+8.9%), from €10.3m to €11.2m
of which Distributable reserves: +€491,280
- Tax, wage and social debts -€228,595
down €228,595 (-37.2%), from €614,901 to €386,306
of which Remuneration and social security: -€134,770
Income statement
- Turnover -€2.0m
down €2.0m (-11.0%), from €17.9m to €15.9m
- Goods and materials -€1.2m
down €1.2m (-14.2%), from €8.5m to €7.3m
of which Change in stocks: decrease (increase): -€1.2m
- Services and other goods +€743,017
up €743,017 (+29.4%), from €2.5m to €3.3m
- Taxes -€529,834
down €529,834 (-44.5%), from €1.2m to €659,861
of which Taxes: -€515,386
- Staff costs -€267,931
down €267,931 (-11.8%), from €2.3m to €2.0m
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
€3.4m
Turnover
-€2.0m
Other operating income
-€114,306
Goods and materials
+€1.2m
Services and other goods
-€743,017
Staff costs
+€267,931
Depreciation
+€2,916
Write-downs
-€85,779
Provisions
+€24,000
Other operating charges
+€42,133
Other operating items
-€11,520
Financial income
-€56,197
Financial charges
-€209,721
Taxes
+€529,834
Result 2025
€2.3m
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
+€937,193
Investment
+€915,701
Financing
-€1.4m
Cash 2024
€597,050
From operations (derived)
+€937,193
Net result for the year
+€2.3m
Depreciation
+€241,959
Receivables after one year
+€779
Stocks and contracts
-€136,775
Receivables within one year
-€691,327
Deferred charges and accrued income
-€35,246
Provisions
-€27,500
Trade debts
+€991,349
Tax, wage and social debts
-€228,595
Other debts
-€1.5m
Accrued charges and deferred income
+€10,270
Investment (derived)
+€915,701
Investment in fixed assets (net)
-€84,299
Current investments
+€1.0m
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,238,252 | €15,396,055 | +€157,803 | +1.0% |
| Fixed assets | 21/28 | €1,043,499 | €885,839 | -€157,660 | -15.1% |
| Intangible fixed assets | 21 | €17,906 | €28,071 | +€10,165 | +56.8% |
| Tangible fixed assets | 22/27 | €1,015,003 | €844,880 | -€170,123 | -16.8% |
| Land and buildings | 22 | €283,439 | €257,723 | -€25,716 | -9.1% |
| Plant, machinery and equipment | 23 | €148,232 | €172,285 | +€24,053 | +16.2% |
| Furniture and vehicles | 24 | €525,104 | €364,024 | -€161,080 | -30.7% |
| Other tangible fixed assets | 26 | €46,396 | €39,552 | -€6,844 | -14.8% |
| Assets under construction and advance payments | 27 | €11,831 | €11,295 | -€536 | -4.5% |
| Financial fixed assets | 28 | €10,590 | €12,888 | +€2,299 | +21.7% |
| Other financial fixed assets | 284/8 | €10,590 | €12,888 | +€2,299 | +21.7% |
| Amounts receivable and cash guarantees | 285/8 | €10,590 | €12,888 | +€2,299 | +21.7% |
| Current assets | 29/58 | €14,194,753 | €14,510,216 | +€315,463 | +2.2% |
| Amounts receivable after more than one year | 29 | €779 | - | -€779 | |
| Other amounts receivable | 291 | €779 | - | -€779 | |
| Stocks and contracts in progress | 3 | €3,575,926 | €3,712,700 | +€136,775 | +3.8% |
| Stocks | 30/36 | €3,575,926 | €3,712,700 | +€136,775 | +3.8% |
| Goods purchased for resale | 34 | €2,836,501 | €3,521,307 | +€684,806 | +24.1% |
| Advance payments | 36 | €739,425 | €191,393 | -€548,032 | -74.1% |
| Amounts receivable within one year | 40/41 | €8,978,791 | €9,670,118 | +€691,327 | +7.7% |
| Trade receivables | 40 | €1,605,945 | €966,403 | -€639,542 | -39.8% |
| Other amounts receivable | 41 | €7,372,846 | €8,703,715 | +€1.3m | +18.1% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Other investments | 51/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €597,050 | €1,049,943 | +€452,894 | +75.9% |
| Deferred charges and accrued income | 490/1 | €42,209 | €77,455 | +€35,246 | +83.5% |
| Total equity and liabilities | 10/49 | €15,238,252 | €15,396,055 | +€157,803 | +1.0% |
| Equity | 10/15 | €10,286,247 | €11,198,527 | +€912,280 | +8.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €10,265,787 | €11,178,067 | +€912,280 | +8.9% |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Distributable reserves | 133 | €10,265,787 | €10,757,067 | +€491,280 | +4.8% |
| Provisions and deferred taxes | 16 | €27,500 | - | -€27,500 | |
| Provisions for liabilities and charges | 160/5 | €27,500 | - | -€27,500 | |
| Other liabilities and charges | 164/5 | €27,500 | - | -€27,500 | |
| Amounts payable | 17/49 | €4,924,505 | €4,197,528 | -€726,976 | -14.8% |
| Amounts payable within one year | 42/48 | €4,924,505 | €4,187,259 | -€737,246 | -15.0% |
| Trade debts | 44 | €1,309,604 | €2,300,953 | +€991,349 | +75.7% |
| Suppliers | 440/4 | €1,309,604 | €2,300,953 | +€991,349 | +75.7% |
| Taxes, remuneration and social security | 45 | €614,901 | €386,306 | -€228,595 | -37.2% |
| Taxes | 450/3 | €303,808 | €209,983 | -€93,825 | -30.9% |
| Remuneration and social security | 454/9 | €311,093 | €176,323 | -€134,770 | -43.3% |
| Other amounts payable | 47/48 | €3,000,000 | €1,500,000 | -€1.5m | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €10,270 | +€10,270 | |
| Operating income | 70/76A | €18,090,264 | €15,998,875 | -€2.1m | -11.6% |
| Turnover | 70 | €17,900,346 | €15,935,811 | -€2.0m | -11.0% |
| Other operating income | 74 | €177,370 | €63,064 | -€114,306 | -64.4% |
| Non-recurring operating income | 76A | €12,548 | - | -€12,548 | |
| Operating charges | 60/66A | €13,658,373 | €12,942,660 | -€715,713 | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €8,506,709 | €7,300,209 | -€1.2m | -14.2% |
| Purchases | 600/8 | €8,073,426 | €8,032,819 | -€40,607 | -0.5% |
| Change in stocks: decrease (increase) | 609 | €433,283 | -€732,610 | -€1.2m | |
| Services and other goods | 61 | €2,529,266 | €3,272,282 | +€743,017 | +29.4% |
| Remuneration, social security and pensions | 62 | €2,277,244 | €2,009,313 | -€267,931 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,875 | €241,959 | -€2,916 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,881 | €112,660 | +€85,779 | +319.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,500 | -€27,500 | -€24,000 | -685.7% |
| Other operating charges | 640/8 | €75,870 | €33,737 | -€42,133 | -55.5% |
| Non-recurring operating charges | 66A | €1,028 | - | -€1,028 | |
| Operating profit (loss) | 9901 | €4,431,890 | €3,056,215 | -€1.4m | -31.0% |
| Financial income | 75/76B | €463,254 | €407,057 | -€56,197 | -12.1% |
| Recurring financial income | 75 | €463,254 | €407,057 | -€56,197 | -12.1% |
| Income from current assets | 751 | €371,466 | €340,497 | -€30,969 | -8.3% |
| Other financial income | 752/9 | €91,787 | €66,560 | -€25,227 | -27.5% |
| Financial charges | 65/66B | €281,410 | €491,131 | +€209,721 | +74.5% |
| Recurring financial charges | 65 | €281,410 | €491,131 | +€209,721 | +74.5% |
| Debt charges | 650 | - | €229 | +€229 | |
| Other financial charges | 652/9 | €281,410 | €490,902 | +€209,492 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €4,613,734 | €2,972,141 | -€1.6m | -35.6% |
| Income taxes | 67/77 | €1,189,694 | €659,861 | -€529,834 | -44.5% |
| Taxes | 670/3 | €1,191,464 | €676,078 | -€515,386 | -43.3% |
| Tax adjustments and reversals of tax provisions | 77 | €1,770 | €16,218 | +€14,448 | +816.4% |
| Profit (loss) for the period | 9904 | €3,424,040 | €2,312,280 | -€1.1m | -32.5% |
| Transfer from tax-exempt reserves | 789 | €304,240 | - | -€304,240 | |
| Transfer to tax-exempt reserves | 689 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,728,279 | €1,891,280 | -€1.8m | -49.3% |
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 30 September 2026 via checked.be.