Intelligent Development Projects: 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.
Intelligent Development Projects
Largest movements
- Tangible fixed assets -€21,037
down €21,037 (-16.4%), from €128,471 to €107,435
of which Other tangible fixed assets: -€18,059
- Cash -€3,322
down €3,322 (-33.4%), from €9,950 to €6,628
mainly Other debts (-€44,410) and Current portion of long-term debt (-€12,683)
- Other debts -€44,410
down €44,410 (-26.1%), from €170,020 to €125,610
- Profit (loss) carried forward +€31,248
up €31,248 (+45.6%), from -€68,535 to -€37,288
- Current portion of long-term debt -€12,683
no longer reported in 2025 (was €12,683)
- Trade debts +€3,017
up €3,017 (+29.0%), from €10,394 to €13,412
- Gross operating margin -€9,671
down €9,671 (-11.8%), from €81,681 to €72,010
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 | €146,276 | €123,055 | -€23,221 | -15.9% |
| Fixed assets | 21/28 | €129,146 | €108,110 | -€21,037 | -16.3% |
| Tangible fixed assets | 22/27 | €128,471 | €107,435 | -€21,037 | -16.4% |
| Plant, machinery and equipment | 23 | €2,543 | €3,190 | +€647 | +25.4% |
| Furniture and vehicles | 24 | €18,012 | €14,388 | -€3,624 | -20.1% |
| Other tangible fixed assets | 26 | €107,915 | €89,856 | -€18,059 | -16.7% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €17,130 | €14,945 | -€2,185 | -12.8% |
| Amounts receivable within one year | 40/41 | €3,968 | €4,914 | +€946 | +23.8% |
| Trade receivables | 40 | - | €939 | +€939 | |
| Other amounts receivable | 41 | €3,968 | €3,975 | +€7 | +0.2% |
| Cash at bank and in hand | 54/58 | €9,950 | €6,628 | -€3,322 | -33.4% |
| Deferred charges and accrued income | 490/1 | €3,212 | €3,403 | +€191 | +6.0% |
| Total equity and liabilities | 10/49 | €146,276 | €123,055 | -€23,221 | -15.9% |
| Equity | 10/15 | -€49,935 | -€18,688 | +€31,248 | +62.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,535 | -€37,288 | +€31,248 | +45.6% |
| Amounts payable | 17/49 | €196,212 | €141,743 | -€54,469 | -27.8% |
| Amounts payable within one year | 42/48 | €196,212 | €141,743 | -€54,469 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €12,683 | - | -€12,683 | |
| Trade debts | 44 | €10,394 | €13,412 | +€3,017 | +29.0% |
| Suppliers | 440/4 | €10,394 | €13,412 | +€3,017 | +29.0% |
| Taxes, remuneration and social security | 45 | €3,114 | €2,721 | -€394 | -12.6% |
| Taxes | 450/3 | €3,114 | €2,721 | -€394 | -12.6% |
| Other amounts payable | 47/48 | €170,020 | €125,610 | -€44,410 | -26.1% |
| Non-recurring operating income | 76A | €8,599 | €8,599 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,804 | €32,137 | +€333 | +1.0% |
| Other operating charges | 640/8 | €7,681 | €7,914 | +€233 | +3.0% |
| Non-recurring operating charges | 66A | €445 | €110 | -€336 | -75.4% |
| Gross operating margin | 9900 | €81,681 | €72,010 | -€9,671 | -11.8% |
| Operating profit (loss) | 9901 | €41,750 | €31,850 | -€9,901 | -23.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +425.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +425.0% |
| Financial charges | 65/66B | €1,271 | €602 | -€669 | -52.6% |
| Recurring financial charges | 65 | €1,271 | €602 | -€669 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €40,479 | €31,248 | -€9,231 | -22.8% |
| Profit (loss) for the period | 9904 | €40,479 | €31,248 | -€9,231 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,479 | €31,248 | -€9,231 | -22.8% |
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 29 September 2026 via checked.be.