INTEGRON: 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.
INTEGRON
Largest movements
- Financial fixed assets +€665,810
new in 2025: €665,810
- Cash +€280,026
up €280,026 (+349%), from €80,160 to €360,187
mainly Other debts (+€607,286) and Debts after one year (+€351,667)
- Current investments -€270,000
no longer reported in 2025 (was €270,000)
- Tangible fixed assets -€13,479
down €13,479 (-26.3%), from €51,215 to €37,737
of which Furniture and vehicles: -€13,362
- Other debts +€607,286
up €607,286 (+1,376%), from €44,146 to €651,432
- Reserves -€383,514
no longer reported in 2025 (was €383,514)
- Debts after one year +€351,667
new in 2025: €351,667
- Current portion of long-term debt +€83,000
new in 2025: €83,000
- Gross operating margin +€74,931
up €74,931 (+41.8%), from €179,433 to €254,364
- Financial income +€45,866
up €45,866 (+703%), from €6,523 to €52,388
- Taxes +€20,369
up €20,369 (+53.6%), from €38,037 to €58,406
- Financial charges +€8,013
up €8,013 (+240%), from €3,343 to €11,356
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 | €435,597 | €1,093,313 | +€657,715 | +151% |
| Fixed assets | 21/28 | €51,215 | €703,546 | +€652,331 | +1,274% |
| Tangible fixed assets | 22/27 | €51,215 | €37,737 | -€13,479 | -26.3% |
| Plant, machinery and equipment | 23 | €468 | €351 | -€117 | -25.0% |
| Furniture and vehicles | 24 | €50,747 | €37,385 | -€13,362 | -26.3% |
| Financial fixed assets | 28 | - | €665,810 | +€665,810 | |
| Current assets | 29/58 | €384,382 | €389,766 | +€5,384 | +1.4% |
| Amounts receivable within one year | 40/41 | €7,277 | €6,230 | -€1,047 | -14.4% |
| Other amounts receivable | 41 | €7,277 | €6,230 | -€1,047 | -14.4% |
| Current investments | 50/53 | €270,000 | - | -€270,000 | |
| Cash at bank and in hand | 54/58 | €80,160 | €360,187 | +€280,026 | +349% |
| Deferred charges and accrued income | 490/1 | €26,944 | €23,349 | -€3,595 | -13.3% |
| Total equity and liabilities | 10/49 | €435,597 | €1,093,313 | +€657,715 | +151% |
| Equity | 10/15 | €383,634 | €120 | -€383,514 | -100.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €383,514 | - | -€383,514 | |
| Distributable reserves | 133 | €383,514 | - | -€383,514 | |
| Amounts payable | 17/49 | €51,963 | €1,093,193 | +€1.0m | +2,004% |
| Amounts payable after more than one year | 17 | - | €351,667 | +€351,667 | |
| Financial debts | 170/4 | - | €351,667 | +€351,667 | |
| Amounts payable within one year | 42/48 | €48,693 | €738,352 | +€689,659 | +1,416% |
| Current portion of amounts payable after more than one year | 42 | - | €83,000 | +€83,000 | |
| Trade debts | 44 | €2,747 | €2,420 | -€327 | -11.9% |
| Suppliers | 440/4 | €2,747 | €2,420 | -€327 | -11.9% |
| Taxes, remuneration and social security | 45 | €1,800 | €1,500 | -€300 | -16.7% |
| Taxes | 450/3 | €1,800 | €1,500 | -€300 | -16.7% |
| Other amounts payable | 47/48 | €44,146 | €651,432 | +€607,286 | +1,376% |
| Accrued charges and deferred income | 492/3 | €3,270 | €3,174 | -€96 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,338 | €13,479 | +€1,140 | +9.2% |
| Other operating charges | 640/8 | €1,689 | €1,969 | +€280 | +16.6% |
| Gross operating margin | 9900 | €179,433 | €254,364 | +€74,931 | +41.8% |
| Operating profit (loss) | 9901 | €165,406 | €238,916 | +€73,511 | +44.4% |
| Financial income | 75/76B | €6,523 | €52,388 | +€45,866 | +703% |
| Recurring financial income | 75 | €6,523 | €52,388 | +€45,866 | +703% |
| Financial charges | 65/66B | €3,343 | €11,356 | +€8,013 | +240% |
| Recurring financial charges | 65 | €3,343 | €11,356 | +€8,013 | +240% |
| Profit (loss) for the period before taxes | 9903 | €168,585 | €279,949 | +€111,364 | +66.1% |
| Income taxes | 67/77 | €38,037 | €58,406 | +€20,369 | +53.6% |
| Profit (loss) for the period | 9904 | €130,548 | €221,543 | +€90,995 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,548 | €221,543 | +€90,995 | +69.7% |
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 25 October 2026 via checked.be.