INTELLIGENTURE: 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.
INTELLIGENTURE
Largest movements
- Cash +€169,497
up €169,497 (+66.6%), from €254,322 to €423,819
mainly Net result for the year (+€168,358) and Current investments (+€103,766)
- Current investments -€103,766
down €103,766 (-100.0%), from €103,766 to €0
- Receivables within one year -€47,850
down €47,850 (-37.1%), from €128,907 to €81,057
of which Other amounts receivable: -€112,056
- Tangible fixed assets +€19,963
up €19,963 (+18.6%), from €107,180 to €127,143
of which Furniture and vehicles: +€32,363
- Reserves -€89,059
down €89,059 (-21.1%), from €422,022 to €332,963
- Other debts +€54,556
up €54,556 (+114.6%), from €47,592 to €102,148
- Tax, wage and social debts +€50,005
up €50,005 (+217.0%), from €23,048 to €73,053
- Trade debts +€24,985
up €24,985 (+224.5%), from €11,129 to €36,114
- Gross operating margin +€165,740
up €165,740 (+1228.4%), from €13,492 to €179,232
- Write-downs +€93,605
up €93,605, from -€85,984 to €7,621
- Financial income +€87,488
up €87,488 (+1107.8%), from €7,897 to €95,385
- Taxes +€50,942
up €50,942 (+207.4%), from €24,560 to €75,502
- Financial charges +€3,735
up €3,735 (+127.3%), from €2,935 to €6,670
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 | €627,862 | €665,200 | +€37,339 | +5.9% |
| Fixed assets | 21/28 | €108,248 | €128,211 | +€19,963 | +18.4% |
| Tangible fixed assets | 22/27 | €107,180 | €127,143 | +€19,963 | +18.6% |
| Land and buildings | 22 | €104,525 | €92,209 | -€12,316 | -11.8% |
| Furniture and vehicles | 24 | €1,950 | €34,313 | +€32,363 | +1659.9% |
| Other tangible fixed assets | 26 | €705 | €622 | -€84 | -11.9% |
| Financial fixed assets | 28 | €1,068 | €1,068 | = | 0.0% |
| Current assets | 29/58 | €519,614 | €536,989 | +€17,376 | +3.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €31,012 | €31,849 | +€837 | +2.7% |
| Stocks | 30/36 | €31,012 | €31,849 | +€837 | +2.7% |
| Amounts receivable within one year | 40/41 | €128,907 | €81,057 | -€47,850 | -37.1% |
| Trade receivables | 40 | €11,275 | €75,481 | +€64,206 | +569.4% |
| Other amounts receivable | 41 | €117,632 | €5,576 | -€112,056 | -95.3% |
| Current investments | 50/53 | €103,766 | €0 | -€103,766 | -100.0% |
| Cash at bank and in hand | 54/58 | €254,322 | €423,819 | +€169,497 | +66.6% |
| Deferred charges and accrued income | 490/1 | €1,606 | €264 | -€1,342 | -83.5% |
| Total equity and liabilities | 10/49 | €627,862 | €665,200 | +€37,339 | +5.9% |
| Equity | 10/15 | €538,006 | €447,281 | -€90,725 | -16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €422,022 | €332,963 | -€89,059 | -21.1% |
| Distributable reserves | 133 | €422,022 | €332,963 | -€89,059 | -21.1% |
| Profit (loss) carried forward | 14 | €109,784 | €108,118 | -€1,666 | -1.5% |
| Amounts payable | 17/49 | €89,855 | €217,919 | +€128,063 | +142.5% |
| Amounts payable within one year | 42/48 | €81,768 | €211,314 | +€129,546 | +158.4% |
| Trade debts | 44 | €11,129 | €36,114 | +€24,985 | +224.5% |
| Suppliers | 440/4 | €11,129 | €36,114 | +€24,985 | +224.5% |
| Taxes, remuneration and social security | 45 | €23,048 | €73,053 | +€50,005 | +217.0% |
| Taxes | 450/3 | €23,048 | €73,053 | +€50,005 | +217.0% |
| Other amounts payable | 47/48 | €47,592 | €102,148 | +€54,556 | +114.6% |
| Accrued charges and deferred income | 492/3 | €8,087 | €6,605 | -€1,483 | -18.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,817 | €0 | -€2,817 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,227 | €13,410 | +€183 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€85,984 | €7,621 | +€93,605 | |
| Other operating charges | 640/8 | €2,743 | €2,857 | +€114 | +4.1% |
| Non-recurring operating charges | 66A | €244 | €199 | -€45 | -18.4% |
| Gross operating margin | 9900 | €13,492 | €179,232 | +€165,740 | +1228.4% |
| Operating profit (loss) | 9901 | €80,446 | €155,145 | +€74,700 | +92.9% |
| Financial income | 75/76B | €7,897 | €95,385 | +€87,488 | +1107.8% |
| Recurring financial income | 75 | €7,897 | €95,385 | +€87,488 | +1107.8% |
| Financial charges | 65/66B | €2,935 | €6,670 | +€3,735 | +127.3% |
| Recurring financial charges | 65 | €2,935 | €6,670 | +€3,735 | +127.3% |
| Profit (loss) for the period before taxes | 9903 | €85,408 | €243,860 | +€158,452 | +185.5% |
| Income taxes | 67/77 | €24,560 | €75,502 | +€50,942 | +207.4% |
| Profit (loss) for the period | 9904 | €60,847 | €168,358 | +€107,511 | +176.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,847 | €168,358 | +€107,511 | +176.7% |
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 5 October 2026 via checked.be.