INTELLECTURE: 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.
INTELLECTURE
Largest movements
- Financial fixed assets -€139,391
down €139,391 (-99.2%), from €140,450 to €1,059
- Cash -€29,373
down €29,373 (-44.0%), from €66,767 to €37,394
mainly Debts after one year (-€179,902) and Net result for the year (-€103,406)
- Tangible fixed assets -€28,614
down €28,614 (-26.5%), from €107,859 to €79,245
- Receivables within one year -€15,489
down €15,489 (-72.6%), from €21,330 to €5,841
of which Trade receivables: -€20,759
- Intangible fixed assets -€12,000
down €12,000 (-13.8%), from €86,762 to €74,762
- Debts after one year -€179,902
no longer reported in 2024 (was €179,902)
- Profit (loss) carried forward -€103,406
down €103,406 (-64.9%), from -€159,411 to -€262,817
- Other debts +€70,443
up €70,443 (+37.6%), from €187,368 to €257,811
- Current portion of long-term debt -€43,936
no longer reported in 2024 (was €43,936)
- Tax, wage and social debts +€28,698
up €28,698 (+977.8%), from €2,935 to €31,633
of which Remuneration and social security: +€28,590
- Gross operating margin +€148,328
up €148,328 (+570.7%), from €25,992 to €174,320
- Staff costs +€130,456
new in 2024: €130,456
- Depreciation -€14,997
down €14,997 (-30.2%), from €49,736 to €34,739
- Financial charges +€14,218
up €14,218 (+178.8%), from €7,951 to €22,169
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,458 | €227,105 | -€220,353 | -49.2% |
| Fixed assets | 21/28 | €335,071 | €155,066 | -€180,005 | -53.7% |
| Intangible fixed assets | 21 | €86,762 | €74,762 | -€12,000 | -13.8% |
| Tangible fixed assets | 22/27 | €107,859 | €79,245 | -€28,614 | -26.5% |
| Plant, machinery and equipment | 23 | €21,321 | €12,000 | -€9,321 | -43.7% |
| Furniture and vehicles | 24 | €13,956 | €4,616 | -€9,340 | -66.9% |
| Other tangible fixed assets | 26 | €72,582 | €62,629 | -€9,953 | -13.7% |
| Financial fixed assets | 28 | €140,450 | €1,059 | -€139,391 | -99.2% |
| Current assets | 29/58 | €112,387 | €72,039 | -€40,348 | -35.9% |
| Stocks and contracts in progress | 3 | - | €4,396 | +€4,396 | |
| Stocks | 30/36 | - | €4,396 | +€4,396 | |
| Amounts receivable within one year | 40/41 | €21,330 | €5,841 | -€15,489 | -72.6% |
| Trade receivables | 40 | €21,307 | €548 | -€20,759 | -97.4% |
| Other amounts receivable | 41 | €23 | €5,293 | +€5,270 | +22913.0% |
| Cash at bank and in hand | 54/58 | €66,767 | €37,394 | -€29,373 | -44.0% |
| Deferred charges and accrued income | 490/1 | €24,290 | €24,408 | +€118 | +0.5% |
| Total equity and liabilities | 10/49 | €447,458 | €227,105 | -€220,353 | -49.2% |
| Equity | 10/15 | -€33,961 | -€137,367 | -€103,406 | -304.5% |
| Contributions | 10/11 | €118,668 | €118,668 | = | 0.0% |
| Reserves | 13 | €6,782 | €6,782 | = | 0.0% |
| Distributable reserves | 133 | €6,782 | €6,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,411 | -€262,817 | -€103,406 | -64.9% |
| Amounts payable | 17/49 | €481,419 | €364,472 | -€116,947 | -24.3% |
| Amounts payable after more than one year | 17 | €179,902 | - | -€179,902 | |
| Financial debts | 170/4 | €179,902 | - | -€179,902 | |
| Amounts payable within one year | 42/48 | €301,517 | €364,252 | +€62,735 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €43,936 | - | -€43,936 | |
| Trade debts | 44 | €67,278 | €74,808 | +€7,530 | +11.2% |
| Suppliers | 440/4 | €67,278 | €74,808 | +€7,530 | +11.2% |
| Taxes, remuneration and social security | 45 | €2,935 | €31,633 | +€28,698 | +977.8% |
| Taxes | 450/3 | €2,935 | €3,043 | +€108 | +3.7% |
| Remuneration and social security | 454/9 | - | €28,590 | +€28,590 | |
| Other amounts payable | 47/48 | €187,368 | €257,811 | +€70,443 | +37.6% |
| Accrued charges and deferred income | 492/3 | - | €220 | +€220 | |
| Non-recurring operating income | 76A | - | €8,671 | +€8,671 | |
| Remuneration, social security and pensions | 62 | - | €130,456 | +€130,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,736 | €34,739 | -€14,997 | -30.2% |
| Other operating charges | 640/8 | €1,349 | €1,025 | -€324 | -24.0% |
| Non-recurring operating charges | 66A | - | €90,000 | +€90,000 | |
| Gross operating margin | 9900 | €25,992 | €174,320 | +€148,328 | +570.7% |
| Operating profit (loss) | 9901 | -€25,093 | -€81,900 | -€56,807 | -226.4% |
| Financial income | 75/76B | €446 | €663 | +€217 | +48.7% |
| Recurring financial income | 75 | €446 | €663 | +€217 | +48.7% |
| Financial charges | 65/66B | €7,951 | €22,169 | +€14,218 | +178.8% |
| Recurring financial charges | 65 | €7,951 | €22,169 | +€14,218 | +178.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,598 | -€103,406 | -€70,808 | -217.2% |
| Profit (loss) for the period | 9904 | -€32,598 | -€103,406 | -€70,808 | -217.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,598 | -€103,406 | -€70,808 | -217.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.