Intelliwave: 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.
Intelliwave
Largest movements
- Cash +€82,650
up €82,650 (+1,291%), from €6,403 to €89,053
mainly Net result for the year (+€87,386) and Receivables within one year (+€21,876)
- Receivables within one year -€21,876
down €21,876 (-21.9%), from €100,015 to €78,140
of which Trade receivables: -€15,310
- Tangible fixed assets +€13,331
up €13,331 (+35.8%), from €37,286 to €50,618
of which Other tangible fixed assets: +€9,865
- Deferred charges and accrued income -€4,400
down €4,400 (-9.9%), from €44,507 to €40,107
- Reserves +€87,386
up €87,386 (+51.2%), from €170,604 to €257,990
- Tax, wage and social debts -€17,175
down €17,175 (-32.5%), from €52,898 to €35,723
of which Taxes: -€14,946
- Gross operating margin -€10,687
down €10,687 (-8.4%), from €127,247 to €116,560
- Depreciation +€5,101
up €5,101 (+413%), from €1,234 to €6,335
- Taxes -€2,250
down €2,250 (-8.3%), from €26,943 to €24,693
- Financial income +€1,550
up €1,550 (+254%), from €610 to €2,161
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,879 | €299,585 | +€69,706 | +30.3% |
| Fixed assets | 21/28 | €78,953 | €92,285 | +€13,331 | +16.9% |
| Tangible fixed assets | 22/27 | €37,286 | €50,618 | +€13,331 | +35.8% |
| Plant, machinery and equipment | 23 | - | €3,466 | +€3,466 | |
| Other tangible fixed assets | 26 | €37,286 | €47,151 | +€9,865 | +26.5% |
| Financial fixed assets | 28 | €41,667 | €41,667 | = | 0.0% |
| Current assets | 29/58 | €150,926 | €207,300 | +€56,375 | +37.4% |
| Amounts receivable within one year | 40/41 | €100,015 | €78,140 | -€21,876 | -21.9% |
| Trade receivables | 40 | €57,478 | €42,169 | -€15,310 | -26.6% |
| Other amounts receivable | 41 | €42,537 | €35,971 | -€6,566 | -15.4% |
| Cash at bank and in hand | 54/58 | €6,403 | €89,053 | +€82,650 | +1,291% |
| Deferred charges and accrued income | 490/1 | €44,507 | €40,107 | -€4,400 | -9.9% |
| Total equity and liabilities | 10/49 | €229,879 | €299,585 | +€69,706 | +30.3% |
| Equity | 10/15 | €175,604 | €262,990 | +€87,386 | +49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €170,604 | €257,990 | +€87,386 | +51.2% |
| Distributable reserves | 133 | €170,604 | €257,990 | +€87,386 | +51.2% |
| Amounts payable | 17/49 | €54,275 | €36,595 | -€17,680 | -32.6% |
| Amounts payable within one year | 42/48 | €54,275 | €36,516 | -€17,759 | -32.7% |
| Trade debts | 44 | €1,378 | €793 | -€584 | -42.4% |
| Suppliers | 440/4 | €1,378 | €793 | -€584 | -42.4% |
| Taxes, remuneration and social security | 45 | €52,898 | €35,723 | -€17,175 | -32.5% |
| Taxes | 450/3 | €50,669 | €35,723 | -€14,946 | -29.5% |
| Remuneration and social security | 454/9 | €2,228 | - | -€2,228 | |
| Accrued charges and deferred income | 492/3 | - | €79 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234 | €6,335 | +€5,101 | +413% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €127,247 | €116,560 | -€10,687 | -8.4% |
| Operating profit (loss) | 9901 | €126,013 | €110,081 | -€15,932 | -12.6% |
| Financial income | 75/76B | €610 | €2,161 | +€1,550 | +254% |
| Recurring financial income | 75 | €610 | €2,161 | +€1,550 | +254% |
| Financial charges | 65/66B | €115 | €162 | +€47 | +40.3% |
| Recurring financial charges | 65 | €115 | €162 | +€47 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €126,508 | €112,080 | -€14,428 | -11.4% |
| Income taxes | 67/77 | €26,943 | €24,693 | -€2,250 | -8.3% |
| Profit (loss) for the period | 9904 | €99,565 | €87,386 | -€12,179 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,565 | €87,386 | -€12,179 | -12.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.