INTELLIGENT NETWORKING: 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 NETWORKING
Largest movements
- Receivables within one year -€19,331
down €19,331 (-82.8%), from €23,340 to €4,009
of which Trade receivables: -€19,358
- Tangible fixed assets -€17,270
down €17,270 (-55.7%), from €31,006 to €13,736
of which Furniture and vehicles: -€16,904
- Cash -€5,359
down €5,359 (-14.1%), from €38,117 to €32,757
mainly Debts after one year (-€20,000) and Net result for the year (-€14,622)
- Stocks and contracts +€1,766
up €1,766 (+24.5%), from €7,197 to €8,963
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward -€14,622
down €14,622 (-811.3%), from -€1,802 to -€16,424
- Trade debts -€5,889
down €5,889 (-69.4%), from €8,482 to €2,593
- Other debts +€3,653
up €3,653 (+343.1%), from €1,065 to €4,718
- Tax, wage and social debts -€3,179
down €3,179 (-90.9%), from €3,496 to €317
- Gross operating margin +€14,212
up €14,212, from -€9,714 to €4,498
- Financial charges +€852
up €852 (+189.7%), from €449 to €1,301
- Depreciation -€404
down €404 (-2.3%), from €17,674 to €17,270
- Other operating charges -€347
down €347 (-28.1%), from €1,233 to €886
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 | €100,479 | €60,441 | -€40,037 | -39.8% |
| Fixed assets | 21/28 | €31,006 | €13,736 | -€17,270 | -55.7% |
| Tangible fixed assets | 22/27 | €31,006 | €13,736 | -€17,270 | -55.7% |
| Plant, machinery and equipment | 23 | €440 | €75 | -€366 | -83.0% |
| Furniture and vehicles | 24 | €30,566 | €13,662 | -€16,904 | -55.3% |
| Current assets | 29/58 | €69,473 | €46,705 | -€22,768 | -32.8% |
| Stocks and contracts in progress | 3 | €7,197 | €8,963 | +€1,766 | +24.5% |
| Stocks | 30/36 | €7,197 | €8,963 | +€1,766 | +24.5% |
| Amounts receivable within one year | 40/41 | €23,340 | €4,009 | -€19,331 | -82.8% |
| Trade receivables | 40 | €23,340 | €3,982 | -€19,358 | -82.9% |
| Other amounts receivable | 41 | - | €27 | +€27 | |
| Cash at bank and in hand | 54/58 | €38,117 | €32,757 | -€5,359 | -14.1% |
| Deferred charges and accrued income | 490/1 | €819 | €976 | +€157 | +19.1% |
| Total equity and liabilities | 10/49 | €100,479 | €60,441 | -€40,037 | -39.8% |
| Equity | 10/15 | €67,436 | €52,814 | -€14,622 | -21.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €7,739 | €7,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,589 | €1,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,802 | -€16,424 | -€14,622 | -811.3% |
| Amounts payable | 17/49 | €33,042 | €7,627 | -€25,416 | -76.9% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €13,042 | €7,627 | -€5,416 | -41.5% |
| Trade debts | 44 | €8,482 | €2,593 | -€5,889 | -69.4% |
| Suppliers | 440/4 | €8,482 | €2,593 | -€5,889 | -69.4% |
| Taxes, remuneration and social security | 45 | €3,496 | €317 | -€3,179 | -90.9% |
| Taxes | 450/3 | €3,496 | €317 | -€3,179 | -90.9% |
| Other amounts payable | 47/48 | €1,065 | €4,718 | +€3,653 | +343.1% |
| Non-recurring operating income | 76A | €10,645 | - | -€10,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,674 | €17,270 | -€404 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12 | - | -€12 | |
| Other operating charges | 640/8 | €1,233 | €886 | -€347 | -28.1% |
| Gross operating margin | 9900 | -€9,714 | €4,498 | +€14,212 | |
| Operating profit (loss) | 9901 | -€28,633 | -€13,658 | +€14,975 | +52.3% |
| Financial income | 75/76B | €703 | €691 | -€12 | -1.7% |
| Recurring financial income | 75 | €703 | €691 | -€12 | -1.7% |
| Financial charges | 65/66B | €449 | €1,301 | +€852 | +189.7% |
| Recurring financial charges | 65 | €449 | €1,301 | +€852 | +189.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,379 | -€14,268 | +€14,111 | +49.7% |
| Income taxes | 67/77 | €302 | €354 | +€51 | +17.0% |
| Profit (loss) for the period | 9904 | -€28,681 | -€14,622 | +€14,059 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,681 | -€14,622 | +€14,059 | +49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.