INTEGREAT: 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.
INTEGREAT
Largest movements
- Cash +€362,744
up €362,744 (+168%), from €215,572 to €578,317
mainly Net result for the year (+€265,629) and Trade debts (+€207,285)
- Receivables within one year +€58,362
up €58,362 (+5.7%), from €1.0m to €1.1m
of which Trade receivables: +€73,358
- Tangible fixed assets -€45,356
down €45,356 (-6.7%), from €681,179 to €635,823
of which Land and buildings: -€33,530
- Reserves +€543,249
up €543,249 (+493%), from €110,109 to €653,358
of which Distributable reserves: +€543,249
- Profit (loss) carried forward -€277,620
down €277,620 (-100%), from €277,620 to €0
- Trade debts +€207,285
up €207,285 (+39.4%), from €525,639 to €732,923
- Debts after one year -€52,554
down €52,554 (-10.6%), from €497,441 to €444,887
- Other debts -€26,200
down €26,200 (-100%), from €26,200 to €0
- Gross operating margin +€413,525
up €413,525 (+63.1%), from €654,865 to €1.1m
- Taxes +€79,004
up €79,004 (+427%), from €18,511 to €97,515
- Write-downs +€53,561
new in 2025: €53,561
- Staff costs +€33,481
up €33,481 (+6.2%), from €543,714 to €577,195
- Other operating charges +€10,978
up €10,978 (+276%), from €3,974 to €14,952
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.
Derived cash bridge
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 | €1,916,698 | €2,299,206 | +€382,509 | +20.0% |
| Fixed assets | 21/28 | €681,179 | €635,823 | -€45,356 | -6.7% |
| Tangible fixed assets | 22/27 | €681,179 | €635,823 | -€45,356 | -6.7% |
| Land and buildings | 22 | €639,762 | €606,232 | -€33,530 | -5.2% |
| Plant, machinery and equipment | 23 | €10,799 | €2,395 | -€8,404 | -77.8% |
| Furniture and vehicles | 24 | €5,160 | €9,376 | +€4,215 | +81.7% |
| Leasing and similar rights | 25 | €25,458 | €17,821 | -€7,637 | -30.0% |
| Current assets | 29/58 | €1,235,519 | €1,663,384 | +€427,865 | +34.6% |
| Amounts receivable within one year | 40/41 | €1,019,947 | €1,078,309 | +€58,362 | +5.7% |
| Trade receivables | 40 | €1,002,934 | €1,076,293 | +€73,358 | +7.3% |
| Other amounts receivable | 41 | €17,012 | €2,016 | -€14,996 | -88.1% |
| Cash at bank and in hand | 54/58 | €215,572 | €578,317 | +€362,744 | +168% |
| Deferred charges and accrued income | 490/1 | - | €6,758 | +€6,758 | |
| Total equity and liabilities | 10/49 | €1,916,698 | €2,299,206 | +€382,509 | +20.0% |
| Equity | 10/15 | €606,729 | €872,358 | +€265,629 | +43.8% |
| Contributions | 10/11 | €219,000 | €219,000 | = | 0.0% |
| Capital | 10 | €219,000 | €219,000 | = | 0.0% |
| Issued capital | 100 | €219,000 | €219,000 | = | 0.0% |
| Reserves | 13 | €110,109 | €653,358 | +€543,249 | +493% |
| Non-distributable reserves | 130/1 | €20,700 | €20,700 | = | 0.0% |
| Legal reserve | 130 | €20,700 | €20,700 | = | 0.0% |
| Distributable reserves | 133 | €89,409 | €632,658 | +€543,249 | +608% |
| Profit (loss) carried forward | 14 | €277,620 | €0 | -€277,620 | -100% |
| Amounts payable | 17/49 | €1,309,969 | €1,426,849 | +€116,879 | +8.9% |
| Amounts payable after more than one year | 17 | €497,441 | €444,887 | -€52,554 | -10.6% |
| Financial debts | 170/4 | €497,441 | €444,887 | -€52,554 | -10.6% |
| Amounts payable within one year | 42/48 | €812,528 | €981,961 | +€169,433 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €52,112 | €52,554 | +€442 | +0.8% |
| Financial debts | 43 | €60,000 | €49,583 | -€10,417 | -17.4% |
| Credit institutions | 430/8 | €60,000 | €49,583 | -€10,417 | -17.4% |
| Trade debts | 44 | €525,639 | €732,923 | +€207,285 | +39.4% |
| Suppliers | 440/4 | €525,639 | €732,923 | +€207,285 | +39.4% |
| Taxes, remuneration and social security | 45 | €148,578 | €146,901 | -€1,677 | -1.1% |
| Taxes | 450/3 | €70,916 | €55,514 | -€15,401 | -21.7% |
| Remuneration and social security | 454/9 | €77,662 | €91,387 | +€13,724 | +17.7% |
| Other amounts payable | 47/48 | €26,200 | €0 | -€26,200 | -100% |
| Remuneration, social security and pensions | 62 | €543,714 | €577,195 | +€33,481 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,354 | €48,489 | +€3,136 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €53,561 | +€53,561 | |
| Other operating charges | 640/8 | €3,974 | €14,952 | +€10,978 | +276% |
| Gross operating margin | 9900 | €654,865 | €1,068,390 | +€413,525 | +63.1% |
| Operating profit (loss) | 9901 | €61,823 | €374,192 | +€312,369 | +505% |
| Financial income | 75/76B | €163 | €341 | +€178 | +109% |
| Recurring financial income | 75 | €163 | €341 | +€178 | +109% |
| Financial charges | 65/66B | €13,350 | €11,389 | -€1,961 | -14.7% |
| Recurring financial charges | 65 | €13,350 | €11,389 | -€1,961 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €48,637 | €363,144 | +€314,508 | +647% |
| Income taxes | 67/77 | €18,511 | €97,515 | +€79,004 | +427% |
| Profit (loss) for the period | 9904 | €30,125 | €265,629 | +€235,504 | +782% |
| Profit (loss) for the period to be appropriated | 9905 | €30,125 | €265,629 | +€235,504 | +782% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.