IntellectEU: 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.
IntellectEU
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+36.4%), from €2.9m to €3.9m
of which Trade receivables: +€1.1m
- Cash -€84,822
down €84,822 (-72.2%), from €117,457 to €32,635
mainly Receivables within one year (-€1.1m) and Short-term financial debts (-€297,391)
- Financial fixed assets +€68,400
up €68,400 (+48.7%), from €140,584 to €208,985
- Trade debts +€767,243
up €767,243 (+206.9%), from €370,821 to €1.1m
- Accrued charges and deferred income +€348,166
up €348,166 (+147.3%), from €236,287 to €584,453
- Short-term financial debts -€297,391
down €297,391 (-96.4%), from €308,395 to €11,004
- Reserves +€173,245
up €173,245 (+435.4%), from €39,788 to €213,033
of which Distributable reserves: +€173,245
- Other debts +€58,111
up €58,111 (+63.1%), from €92,088 to €150,199
- Gross operating margin +€1.0m
up €1.0m (+72.7%), from €1.4m to €2.4m
- Write-downs +€535,047
up €535,047, from -€410,175 to €124,872
- Other operating charges -€386,843
down €386,843 (-93.7%), from €412,932 to €26,089
- Financial charges +€223,477
up €223,477 (+148.2%), from €150,798 to €374,275
- Staff costs -€219,710
down €219,710 (-10.7%), from €2.1m to €1.8m
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 | €3,344,943 | €4,395,147 | +€1.1m | +31.4% |
| Fixed assets | 21/28 | €182,739 | €250,118 | +€67,379 | +36.9% |
| Tangible fixed assets | 22/27 | €42,155 | €41,133 | -€1,022 | -2.4% |
| Furniture and vehicles | 24 | €42,155 | €41,133 | -€1,022 | -2.4% |
| Financial fixed assets | 28 | €140,584 | €208,985 | +€68,400 | +48.7% |
| Current assets | 29/58 | €3,162,204 | €4,145,029 | +€982,825 | +31.1% |
| Amounts receivable within one year | 40/41 | €2,889,816 | €3,940,515 | +€1.1m | +36.4% |
| Trade receivables | 40 | €2,858,348 | €3,940,515 | +€1.1m | +37.9% |
| Other amounts receivable | 41 | €31,468 | €0 | -€31,468 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,457 | €32,635 | -€84,822 | -72.2% |
| Deferred charges and accrued income | 490/1 | €154,931 | €171,880 | +€16,949 | +10.9% |
| Total equity and liabilities | 10/49 | €3,344,943 | €4,395,147 | +€1.1m | +31.4% |
| Equity | 10/15 | €2,060,771 | €2,234,016 | +€173,245 | +8.4% |
| Contributions | 10/11 | €2,020,983 | €2,020,983 | = | 0.0% |
| Capital | 10 | €72,664 | €72,664 | = | 0.0% |
| Issued capital | 100 | €72,664 | €72,664 | = | 0.0% |
| Outside capital | 11 | €1,948,318 | €1,948,318 | = | 0.0% |
| Share premium | 1100/10 | €1,948,318 | €1,948,318 | = | 0.0% |
| Reserves | 13 | €39,788 | €213,033 | +€173,245 | +435.4% |
| Non-distributable reserves | 130/1 | €38,007 | €38,007 | = | 0.0% |
| Legal reserve | 130 | €38,007 | €38,007 | = | 0.0% |
| Distributable reserves | 133 | €1,781 | €175,027 | +€173,245 | +9725.0% |
| Amounts payable | 17/49 | €1,284,172 | €2,161,131 | +€876,958 | +68.3% |
| Amounts payable within one year | 42/48 | €1,047,885 | €1,576,677 | +€528,792 | +50.5% |
| Financial debts | 43 | €308,395 | €11,004 | -€297,391 | -96.4% |
| Credit institutions | 430/8 | €308,395 | €11,004 | -€297,391 | -96.4% |
| Trade debts | 44 | €370,821 | €1,138,064 | +€767,243 | +206.9% |
| Suppliers | 440/4 | €370,821 | €1,138,064 | +€767,243 | +206.9% |
| Taxes, remuneration and social security | 45 | €276,581 | €277,411 | +€829 | +0.3% |
| Taxes | 450/3 | €84,041 | €60,550 | -€23,491 | -28.0% |
| Remuneration and social security | 454/9 | €192,540 | €216,861 | +€24,321 | +12.6% |
| Other amounts payable | 47/48 | €92,088 | €150,199 | +€58,111 | +63.1% |
| Accrued charges and deferred income | 492/3 | €236,287 | €584,453 | +€348,166 | +147.3% |
| Non-recurring operating income | 76A | €1,722 | €0 | -€1,722 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,053,580 | €1,833,870 | -€219,710 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,139 | €40,179 | -€13,960 | -25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€410,175 | €124,872 | +€535,047 | |
| Other operating charges | 640/8 | €412,932 | €26,089 | -€386,843 | -93.7% |
| Gross operating margin | 9900 | €1,408,377 | €2,432,275 | +€1.0m | +72.7% |
| Operating profit (loss) | 9901 | -€702,099 | €407,266 | +€1.1m | |
| Financial income | 75/76B | €127,320 | €140,254 | +€12,934 | +10.2% |
| Recurring financial income | 75 | €127,320 | €140,254 | +€12,934 | +10.2% |
| Financial charges | 65/66B | €150,798 | €374,275 | +€223,477 | +148.2% |
| Recurring financial charges | 65 | €150,798 | €374,275 | +€223,477 | +148.2% |
| Profit (loss) for the period before taxes | 9903 | -€725,577 | €173,245 | +€898,823 | |
| Income taxes | 67/77 | €2,462 | €0 | -€2,462 | -100.0% |
| Profit (loss) for the period | 9904 | -€728,039 | €173,245 | +€901,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€728,039 | €173,245 | +€901,284 |
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.