INTEGRUM: 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.
INTEGRUM
Largest movements
- Tangible fixed assets -€12,369
down €12,369 (-28.4%), from €43,500 to €31,131
of which Plant, machinery and equipment: -€11,627
- Cash -€8,978
down €8,978 (-7.8%), from €114,676 to €105,698
mainly Contributions, distributions and other (-€26,899) and Other debts (-€13,477)
- Receivables within one year -€7,008
down €7,008 (-14.9%), from €47,031 to €40,023
of which Other amounts receivable: -€4,691
- Deferred charges and accrued income +€2,522
new in 2025: €2,522
- Intangible fixed assets +€2,500
new in 2025: €2,500
- Other debts -€13,477
down €13,477 (-29.1%), from €46,310 to €32,833
- Reserves -€8,401
down €8,401 (-6.1%), from €136,861 to €128,460
of which Distributable reserves: -€8,401
- Financial charges -€45,673
down €45,673 (-99.0%), from €46,136 to €463
- Depreciation -€5,296
down €5,296 (-30.0%), from €17,665 to €12,369
- Gross operating margin -€3,727
down €3,727 (-9.6%), from €38,669 to €34,943
- Taxes +€2,004
up €2,004 (+1097.3%), from €183 to €2,187
- Financial income +€525
new in 2025: €525
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 | €205,206 | €181,873 | -€23,333 | -11.4% |
| Fixed assets | 21/28 | €43,500 | €33,631 | -€9,869 | -22.7% |
| Intangible fixed assets | 21 | - | €2,500 | +€2,500 | |
| Tangible fixed assets | 22/27 | €43,500 | €31,131 | -€12,369 | -28.4% |
| Plant, machinery and equipment | 23 | €40,195 | €28,568 | -€11,627 | -28.9% |
| Furniture and vehicles | 24 | €3,304 | €2,562 | -€742 | -22.5% |
| Current assets | 29/58 | €161,707 | €148,243 | -€13,464 | -8.3% |
| Amounts receivable within one year | 40/41 | €47,031 | €40,023 | -€7,008 | -14.9% |
| Trade receivables | 40 | €33,964 | €31,648 | -€2,317 | -6.8% |
| Other amounts receivable | 41 | €13,066 | €8,375 | -€4,691 | -35.9% |
| Cash at bank and in hand | 54/58 | €114,676 | €105,698 | -€8,978 | -7.8% |
| Deferred charges and accrued income | 490/1 | - | €2,522 | +€2,522 | |
| Total equity and liabilities | 10/49 | €205,206 | €181,873 | -€23,333 | -11.4% |
| Equity | 10/15 | €143,061 | €134,660 | -€8,401 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,861 | €128,460 | -€8,401 | -6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €135,001 | €126,600 | -€8,401 | -6.2% |
| Amounts payable | 17/49 | €62,145 | €47,213 | -€14,932 | -24.0% |
| Amounts payable after more than one year | 17 | €1,128 | - | -€1,128 | |
| Financial debts | 170/4 | €1,128 | - | -€1,128 | |
| Amounts payable within one year | 42/48 | €61,017 | €47,213 | -€13,804 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €2,670 | €1,128 | -€1,542 | -57.8% |
| Trade debts | 44 | €263 | €1,029 | +€767 | +292.0% |
| Suppliers | 440/4 | €263 | €1,029 | +€767 | +292.0% |
| Taxes, remuneration and social security | 45 | €11,775 | €12,223 | +€448 | +3.8% |
| Taxes | 450/3 | €11,775 | €12,223 | +€448 | +3.8% |
| Other amounts payable | 47/48 | €46,310 | €32,833 | -€13,477 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,665 | €12,369 | -€5,296 | -30.0% |
| Other operating charges | 640/8 | €1,791 | €1,951 | +€159 | +8.9% |
| Gross operating margin | 9900 | €38,669 | €34,943 | -€3,727 | -9.6% |
| Operating profit (loss) | 9901 | €19,213 | €20,623 | +€1,410 | +7.3% |
| Financial income | 75/76B | - | €525 | +€525 | |
| Recurring financial income | 75 | - | €525 | +€525 | |
| Financial charges | 65/66B | €46,136 | €463 | -€45,673 | -99.0% |
| Recurring financial charges | 65 | €46,136 | €463 | -€45,673 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,922 | €20,685 | +€47,607 | |
| Income taxes | 67/77 | €183 | €2,187 | +€2,004 | +1097.3% |
| Profit (loss) for the period | 9904 | -€27,105 | €18,498 | +€45,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,105 | €18,498 | +€45,603 |
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 10 October 2026 via checked.be.