INTELLIWATT: what changed
Two financial 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.
INTELLIWATT
Largest movements
- Receivables within one year -€18,126
down €18,126 (-67.4%), from €26,880 to €8,754
of which Trade receivables: -€15,741
- Receivables after one year -€16,500
down €16,500 (-100%), from €16,500 to €0
- Cash +€6,530
up €6,530 (+53.8%), from €12,136 to €18,667
mainly Receivables within one year (+€18,126) and Receivables after one year (+€16,500)
- Deferred charges and accrued income +€4,903
up €4,903 (+483%), from €1,014 to €5,917
- Stocks and contracts +€3,873
up €3,873 (+35.6%), from €10,885 to €14,758
- Reserves -€33,500
down €33,500 (-62.5%), from €53,560 to €20,060
- Other debts +€16,287
up €16,287 (+178%), from €9,153 to €25,440
- Trade debts -€8,539
down €8,539 (-45.4%), from €18,794 to €10,255
- Tax, wage and social debts +€3,979
up €3,979 (+141%), from €2,826 to €6,805
- Debts after one year -€1,200
down €1,200 (-100%), from €1,200 to €0
- Gross operating margin -€24,230
down €24,230 (-73.7%), from €32,877 to €8,647
- Taxes -€5,387
down €5,387 (-70.6%), from €7,625 to €2,238
- Financial income -€1,083
down €1,083 (-99.0%), from €1,094 to €11
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.
Derived cash bridge
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 | €91,737 | €68,795 | -€22,942 | -25.0% |
| Fixed assets | 21/28 | €24,322 | €20,700 | -€3,621 | -14.9% |
| Intangible fixed assets | 21 | €2,508 | €1,635 | -€873 | -34.8% |
| Tangible fixed assets | 22/27 | €21,813 | €19,065 | -€2,748 | -12.6% |
| Land and buildings | 22 | €8,036 | €7,216 | -€819 | -10.2% |
| Plant, machinery and equipment | 23 | €4,140 | €2,630 | -€1,511 | -36.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,637 | €9,219 | -€418 | -4.3% |
| Current assets | 29/58 | €67,415 | €48,095 | -€19,321 | -28.7% |
| Amounts receivable after more than one year | 29 | €16,500 | €0 | -€16,500 | -100% |
| Other amounts receivable | 291 | €16,500 | €0 | -€16,500 | -100% |
| Stocks and contracts in progress | 3 | €10,885 | €14,758 | +€3,873 | +35.6% |
| Stocks | 30/36 | €10,885 | €14,758 | +€3,873 | +35.6% |
| Amounts receivable within one year | 40/41 | €26,880 | €8,754 | -€18,126 | -67.4% |
| Trade receivables | 40 | €24,495 | €8,754 | -€15,741 | -64.3% |
| Other amounts receivable | 41 | €2,385 | €0 | -€2,385 | -100% |
| Cash at bank and in hand | 54/58 | €12,136 | €18,667 | +€6,530 | +53.8% |
| Deferred charges and accrued income | 490/1 | €1,014 | €5,917 | +€4,903 | +483% |
| Total equity and liabilities | 10/49 | €91,737 | €68,795 | -€22,942 | -25.0% |
| Equity | 10/15 | €59,764 | €26,295 | -€33,469 | -56.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,560 | €20,060 | -€33,500 | -62.5% |
| Distributable reserves | 133 | €53,560 | €20,060 | -€33,500 | -62.5% |
| Profit (loss) carried forward | 14 | €4 | €35 | +€31 | +777% |
| Amounts payable | 17/49 | €31,973 | €42,500 | +€10,527 | +32.9% |
| Amounts payable after more than one year | 17 | €1,200 | €0 | -€1,200 | -100% |
| Financial debts | 170/4 | €1,200 | €0 | -€1,200 | -100% |
| Amounts payable within one year | 42/48 | €30,773 | €42,500 | +€11,727 | +38.1% |
| Trade debts | 44 | €18,794 | €10,255 | -€8,539 | -45.4% |
| Suppliers | 440/4 | €18,794 | €10,255 | -€8,539 | -45.4% |
| Taxes, remuneration and social security | 45 | €2,826 | €6,805 | +€3,979 | +141% |
| Taxes | 450/3 | €2,826 | €6,805 | +€3,979 | +141% |
| Other amounts payable | 47/48 | €9,153 | €25,440 | +€16,287 | +178% |
| Non-recurring operating income | 76A | €4,545 | €0 | -€4,545 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,335 | €3,621 | +€286 | +8.6% |
| Other operating charges | 640/8 | €387 | €583 | +€196 | +50.6% |
| Gross operating margin | 9900 | €32,877 | €8,647 | -€24,230 | -73.7% |
| Operating profit (loss) | 9901 | €29,155 | €4,443 | -€24,712 | -84.8% |
| Financial income | 75/76B | €1,094 | €11 | -€1,083 | -99.0% |
| Recurring financial income | 75 | €1,094 | €11 | -€1,083 | -99.0% |
| Financial charges | 65/66B | €281 | €485 | +€204 | +72.5% |
| Recurring financial charges | 65 | €281 | €485 | +€204 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €29,968 | €3,969 | -€25,999 | -86.8% |
| Income taxes | 67/77 | €7,625 | €2,238 | -€5,387 | -70.6% |
| Profit (loss) for the period | 9904 | €22,343 | €1,731 | -€20,613 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,343 | €1,731 | -€20,613 | -92.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.