INTEGRATIVA: 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.
INTEGRATIVA
Largest movements
- Cash -€355,964
down €355,964 (-69.8%), from €509,644 to €153,680
mainly Contributions, distributions and other (-€595,701) and Advances received (-€284,384)
- Tangible fixed assets +€106,485
up €106,485 (+203.9%), from €52,219 to €158,704
of which Other tangible fixed assets: +€107,708
- Receivables within one year +€95,434
up €95,434 (+47.7%), from €199,968 to €295,402
of which Trade receivables: +€76,658
- Receivables after one year -€56,699
no longer reported in 2025 (was €56,699)
- Reserves -€472,816
no longer reported in 2025 (was €472,816)
- Accrued charges and deferred income +€305,556
up €305,556 (+2361.5%), from €12,939 to €318,495
- Advances received -€284,384
down €284,384 (-99.7%), from €285,379 to €995
- Other debts +€167,088
up €167,088 (+1947.2%), from €8,581 to €175,669
- Trade debts +€47,047
up €47,047 (+185.4%), from €25,381 to €72,429
- Gross operating margin -€61,764
down €61,764 (-19.2%), from €321,255 to €259,492
- Taxes -€25,188
down €25,188 (-43.4%), from €57,977 to €32,789
- Staff costs +€19,083
up €19,083 (+39.8%), from €47,997 to €67,080
- Depreciation +€5,014
up €5,014 (+15.4%), from €32,606 to €37,620
- Financial income -€3,667
down €3,667 (-63.2%), from €5,798 to €2,131
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 | €842,782 | €627,210 | -€215,572 | -25.6% |
| Fixed assets | 21/28 | €70,219 | €173,704 | +€103,485 | +147.4% |
| Intangible fixed assets | 21 | €18,000 | €15,000 | -€3,000 | -16.7% |
| Tangible fixed assets | 22/27 | €52,219 | €158,704 | +€106,485 | +203.9% |
| Plant, machinery and equipment | 23 | €5,045 | €4,706 | -€339 | -6.7% |
| Furniture and vehicles | 24 | €1,269 | €385 | -€884 | -69.7% |
| Other tangible fixed assets | 26 | €45,905 | €153,613 | +€107,708 | +234.6% |
| Current assets | 29/58 | €772,563 | €453,506 | -€319,057 | -41.3% |
| Amounts receivable after more than one year | 29 | €56,699 | - | -€56,699 | |
| Other amounts receivable | 291 | €56,699 | - | -€56,699 | |
| Stocks and contracts in progress | 3 | €3,956 | €2,304 | -€1,652 | -41.8% |
| Stocks | 30/36 | €3,956 | €2,304 | -€1,652 | -41.8% |
| Amounts receivable within one year | 40/41 | €199,968 | €295,402 | +€95,434 | +47.7% |
| Trade receivables | 40 | €180,351 | €257,009 | +€76,658 | +42.5% |
| Other amounts receivable | 41 | €19,617 | €38,393 | +€18,776 | +95.7% |
| Cash at bank and in hand | 54/58 | €509,644 | €153,680 | -€355,964 | -69.8% |
| Deferred charges and accrued income | 490/1 | €2,297 | €2,120 | -€176 | -7.7% |
| Total equity and liabilities | 10/49 | €842,782 | €627,210 | -€215,572 | -25.6% |
| Equity | 10/15 | €477,816 | €5,000 | -€472,816 | -99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €472,816 | - | -€472,816 | |
| Distributable reserves | 133 | €472,816 | - | -€472,816 | |
| Amounts payable | 17/49 | €364,967 | €622,210 | +€257,244 | +70.5% |
| Amounts payable within one year | 42/48 | €352,027 | €303,716 | -€48,312 | -13.7% |
| Trade debts | 44 | €25,381 | €72,429 | +€47,047 | +185.4% |
| Suppliers | 440/4 | €25,381 | €72,429 | +€47,047 | +185.4% |
| Advances received on contracts in progress | 46 | €285,379 | €995 | -€284,384 | -99.7% |
| Taxes, remuneration and social security | 45 | €32,686 | €54,623 | +€21,937 | +67.1% |
| Taxes | 450/3 | €23,521 | €46,314 | +€22,792 | +96.9% |
| Remuneration and social security | 454/9 | €9,165 | €8,309 | -€856 | -9.3% |
| Other amounts payable | 47/48 | €8,581 | €175,669 | +€167,088 | +1947.2% |
| Accrued charges and deferred income | 492/3 | €12,939 | €318,495 | +€305,556 | +2361.5% |
| Remuneration, social security and pensions | 62 | €47,997 | €67,080 | +€19,083 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,606 | €37,620 | +€5,014 | +15.4% |
| Other operating charges | 640/8 | €1,422 | €358 | -€1,064 | -74.9% |
| Gross operating margin | 9900 | €321,255 | €259,492 | -€61,764 | -19.2% |
| Operating profit (loss) | 9901 | €239,230 | €154,434 | -€84,796 | -35.4% |
| Financial income | 75/76B | €5,798 | €2,131 | -€3,667 | -63.2% |
| Recurring financial income | 75 | €5,798 | €2,131 | -€3,667 | -63.2% |
| Financial charges | 65/66B | €1,179 | €891 | -€288 | -24.4% |
| Recurring financial charges | 65 | €1,179 | €891 | -€288 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €243,850 | €155,674 | -€88,175 | -36.2% |
| Income taxes | 67/77 | €57,977 | €32,789 | -€25,188 | -43.4% |
| Profit (loss) for the period | 9904 | €185,873 | €122,886 | -€62,987 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €185,873 | €122,886 | -€62,987 | -33.9% |
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.