INTEMSE: 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.
INTEMSE
Largest movements
- Cash -€242,186
down €242,186 (-79.7%), from €304,038 to €61,852
mainly Current investments (-€208,780) and Contributions, distributions and other (-€57,594)
- Current investments +€208,780
new in 2025: €208,780
- Receivables within one year -€46,987
down €46,987 (-37.2%), from €126,180 to €79,193
of which Trade receivables: -€55,801
- Tangible fixed assets -€19,439
down €19,439 (-6.2%), from €311,367 to €291,929
of which Land and buildings: -€21,012
- Reserves -€44,158
down €44,158 (-8.6%), from €512,363 to €468,204
- Debts after one year -€29,834
down €29,834 (-23.7%), from €126,061 to €96,227
- Tax, wage and social debts -€23,339
down €23,339 (-61.9%), from €37,715 to €14,376
of which Taxes: -€23,339
- Gross operating margin -€140,388
down €140,388 (-68.4%), from €205,100 to €64,711
- Taxes -€40,008
down €40,008 (-77.4%), from €51,709 to €11,701
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 | €742,018 | €642,161 | -€99,856 | -13.5% |
| Fixed assets | 21/28 | €311,577 | €292,139 | -€19,439 | -6.2% |
| Tangible fixed assets | 22/27 | €311,367 | €291,929 | -€19,439 | -6.2% |
| Land and buildings | 22 | €292,984 | €271,972 | -€21,012 | -7.2% |
| Plant, machinery and equipment | 23 | €7,650 | €4,581 | -€3,069 | -40.1% |
| Furniture and vehicles | 24 | €5,308 | €11,925 | +€6,617 | +124.6% |
| Other tangible fixed assets | 26 | €5,425 | €3,451 | -€1,975 | -36.4% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €430,440 | €350,023 | -€80,418 | -18.7% |
| Amounts receivable within one year | 40/41 | €126,180 | €79,193 | -€46,987 | -37.2% |
| Trade receivables | 40 | €126,180 | €70,379 | -€55,801 | -44.2% |
| Other amounts receivable | 41 | - | €8,814 | +€8,814 | |
| Current investments | 50/53 | - | €208,780 | +€208,780 | |
| Cash at bank and in hand | 54/58 | €304,038 | €61,852 | -€242,186 | -79.7% |
| Deferred charges and accrued income | 490/1 | €222 | €197 | -€25 | -11.2% |
| Total equity and liabilities | 10/49 | €742,018 | €642,161 | -€99,856 | -13.5% |
| Equity | 10/15 | €530,963 | €486,804 | -€44,158 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €512,363 | €468,204 | -€44,158 | -8.6% |
| Distributable reserves | 133 | €512,363 | €468,204 | -€44,158 | -8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €211,055 | €155,357 | -€55,698 | -26.4% |
| Amounts payable after more than one year | 17 | €126,061 | €96,227 | -€29,834 | -23.7% |
| Financial debts | 170/4 | €126,061 | €96,227 | -€29,834 | -23.7% |
| Amounts payable within one year | 42/48 | €84,994 | €58,908 | -€26,086 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €29,013 | €29,834 | +€821 | +2.8% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €6,481 | €5,493 | -€988 | -15.3% |
| Suppliers | 440/4 | €6,481 | €5,493 | -€988 | -15.3% |
| Taxes, remuneration and social security | 45 | €37,715 | €14,376 | -€23,339 | -61.9% |
| Taxes | 450/3 | €34,715 | €11,376 | -€23,339 | -67.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,285 | €1,706 | -€2,579 | -60.2% |
| Accrued charges and deferred income | 492/3 | - | €222 | +€222 | |
| Non-recurring operating income | 76A | €28,165 | €0 | -€28,165 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,237 | €30,690 | +€1,453 | +5.0% |
| Other operating charges | 640/8 | €4,253 | €4,774 | +€521 | +12.2% |
| Gross operating margin | 9900 | €205,100 | €64,711 | -€140,388 | -68.4% |
| Operating profit (loss) | 9901 | €171,609 | €29,247 | -€142,362 | -83.0% |
| Financial income | 75/76B | €68 | €520 | +€453 | +666.4% |
| Recurring financial income | 75 | €68 | €520 | +€453 | +666.4% |
| Financial charges | 65/66B | €5,573 | €4,631 | -€943 | -16.9% |
| Recurring financial charges | 65 | €5,573 | €4,631 | -€943 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €166,104 | €25,137 | -€140,967 | -84.9% |
| Income taxes | 67/77 | €51,709 | €11,701 | -€40,008 | -77.4% |
| Profit (loss) for the period | 9904 | €114,395 | €13,436 | -€100,959 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,395 | €13,436 | -€100,959 | -88.3% |
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 6 October 2026 via checked.be.