INTELLWORKS: 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.
INTELLWORKS
Largest movements
- Cash +€19,072
up €19,072 (+283%), from €6,747 to €25,819
mainly Net result for the year (+€24,520) and Deferred charges and accrued income (+€485)
- Receivables within one year +€5,207
up €5,207 (+868%), from €600 to €5,807
of which Trade receivables: +€2,850
- Deferred charges and accrued income -€485
down €485 (-46.5%), from €1,045 to €560
- Profit (loss) carried forward +€24,520
up €24,520, from -€3,734 to €20,786
- Other debts -€894
down €894 (-9.0%), from €9,906 to €9,013
- Gross operating margin +€23,874
up €23,874 (+1,841%), from €1,297 to €25,171
- Depreciation -€1,124
no longer reported in 2025 (was €1,124)
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 | €8,670 | €32,473 | +€23,803 | +275% |
| Fixed assets | 21/28 | €278 | €287 | +€9 | +3.2% |
| Financial fixed assets | 28 | €278 | €287 | +€9 | +3.2% |
| Current assets | 29/58 | €8,392 | €32,186 | +€23,794 | +284% |
| Amounts receivable within one year | 40/41 | €600 | €5,807 | +€5,207 | +868% |
| Trade receivables | 40 | €600 | €3,450 | +€2,850 | +475% |
| Other amounts receivable | 41 | - | €2,357 | +€2,357 | |
| Cash at bank and in hand | 54/58 | €6,747 | €25,819 | +€19,072 | +283% |
| Deferred charges and accrued income | 490/1 | €1,045 | €560 | -€485 | -46.5% |
| Total equity and liabilities | 10/49 | €8,670 | €32,473 | +€23,803 | +275% |
| Equity | 10/15 | -€1,734 | €22,786 | +€24,520 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,734 | €20,786 | +€24,520 | |
| Amounts payable | 17/49 | €10,404 | €9,687 | -€717 | -6.9% |
| Amounts payable within one year | 42/48 | €10,404 | €9,687 | -€717 | -6.9% |
| Trade debts | 44 | €400 | €637 | +€237 | +59.3% |
| Suppliers | 440/4 | €400 | €637 | +€237 | +59.3% |
| Taxes, remuneration and social security | 45 | €98 | €37 | -€61 | -62.4% |
| Taxes | 450/3 | €98 | €37 | -€61 | -62.4% |
| Other amounts payable | 47/48 | €9,906 | €9,013 | -€894 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,124 | - | -€1,124 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,297 | €25,171 | +€23,874 | +1,841% |
| Operating profit (loss) | 9901 | -€215 | €24,771 | +€24,985 | |
| Financial charges | 65/66B | €180 | €214 | +€34 | +18.8% |
| Recurring financial charges | 65 | €180 | €214 | +€34 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€395 | €24,557 | +€24,952 | |
| Income taxes | 67/77 | - | €37 | +€37 | |
| Profit (loss) for the period | 9904 | -€395 | €24,520 | +€24,915 | |
| Profit (loss) for the period to be appropriated | 9905 | -€395 | €24,520 | +€24,915 |
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 22 October 2026 via checked.be.