INTENSE: 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.
INTENSE
Largest movements
- Cash +€64,783
up €64,783 (+57.5%), from €112,632 to €177,415
mainly Net result for the year (+€172,867) and Depreciation (+€55,871)
- Tangible fixed assets +€26,849
up €26,849 (+19.3%), from €139,148 to €165,997
of which Plant, machinery and equipment: +€20,819
- Receivables within one year -€10,678
down €10,678 (-9.7%), from €109,819 to €99,141
of which Trade receivables: -€23,160
- Reserves +€72,867
up €72,867 (+47.9%), from €152,140 to €225,007
of which Distributable reserves: +€72,867
- Other debts +€40,000
up €40,000, from €0 to €40,000
- Tax, wage and social debts -€37,496
down €37,496 (-77.8%), from €48,217 to €10,721
of which Taxes: -€33,444
- Trade debts -€32,747
down €32,747 (-35.9%), from €91,311 to €58,564
- Debts after one year +€28,770
up €28,770 (+61.3%), from €46,959 to €75,729
- Other operating charges -€22,979
down €22,979 (-73.0%), from €31,461 to €8,482
- Depreciation -€21,693
down €21,693 (-28.0%), from €77,564 to €55,871
- Taxes +€9,313
up €9,313 (+17.1%), from €54,566 to €63,878
- Staff costs +€9,138
up €9,138 (+7.4%), from €123,299 to €132,437
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 | €366,517 | €447,563 | +€81,046 | +22.1% |
| Fixed assets | 21/28 | €139,148 | €165,997 | +€26,849 | +19.3% |
| Tangible fixed assets | 22/27 | €139,148 | €165,997 | +€26,849 | +19.3% |
| Land and buildings | 22 | €22,653 | €18,794 | -€3,859 | -17.0% |
| Plant, machinery and equipment | 23 | €23,944 | €44,764 | +€20,819 | +86.9% |
| Furniture and vehicles | 24 | €92,552 | €102,440 | +€9,888 | +10.7% |
| Current assets | 29/58 | €227,369 | €281,565 | +€54,197 | +23.8% |
| Amounts receivable within one year | 40/41 | €109,819 | €99,141 | -€10,678 | -9.7% |
| Trade receivables | 40 | €98,601 | €75,441 | -€23,160 | -23.5% |
| Other amounts receivable | 41 | €11,218 | €23,700 | +€12,481 | +111.3% |
| Cash at bank and in hand | 54/58 | €112,632 | €177,415 | +€64,783 | +57.5% |
| Deferred charges and accrued income | 490/1 | €4,917 | €5,010 | +€93 | +1.9% |
| Total equity and liabilities | 10/49 | €366,517 | €447,563 | +€81,046 | +22.1% |
| Equity | 10/15 | €170,740 | €243,607 | +€72,867 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,140 | €225,007 | +€72,867 | +47.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,280 | €223,147 | +€72,867 | +48.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,777 | €203,955 | +€8,179 | +4.2% |
| Amounts payable after more than one year | 17 | €46,959 | €75,729 | +€28,770 | +61.3% |
| Financial debts | 170/4 | €46,959 | €75,729 | +€28,770 | +61.3% |
| Amounts payable within one year | 42/48 | €148,818 | €128,226 | -€20,591 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €9,289 | €18,941 | +€9,651 | +103.9% |
| Trade debts | 44 | €91,311 | €58,564 | -€32,747 | -35.9% |
| Suppliers | 440/4 | €91,311 | €58,564 | -€32,747 | -35.9% |
| Taxes, remuneration and social security | 45 | €48,217 | €10,721 | -€37,496 | -77.8% |
| Taxes | 450/3 | €33,444 | €0 | -€33,444 | -100.0% |
| Remuneration and social security | 454/9 | €14,773 | €10,721 | -€4,052 | -27.4% |
| Other amounts payable | 47/48 | €0 | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €123,299 | €132,437 | +€9,138 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,564 | €55,871 | -€21,693 | -28.0% |
| Other operating charges | 640/8 | €31,461 | €8,482 | -€22,979 | -73.0% |
| Gross operating margin | 9900 | €435,098 | €436,157 | +€1,059 | +0.2% |
| Operating profit (loss) | 9901 | €202,773 | €239,367 | +€36,593 | +18.0% |
| Financial income | 75/76B | €2,892 | €49 | -€2,842 | -98.3% |
| Recurring financial income | 75 | €2,892 | €49 | -€2,842 | -98.3% |
| Financial charges | 65/66B | €819 | €2,671 | +€1,852 | +226.1% |
| Recurring financial charges | 65 | €819 | €2,671 | +€1,852 | +226.1% |
| Profit (loss) for the period before taxes | 9903 | €204,846 | €236,746 | +€31,899 | +15.6% |
| Income taxes | 67/77 | €54,566 | €63,878 | +€9,313 | +17.1% |
| Profit (loss) for the period | 9904 | €150,280 | €172,867 | +€22,587 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,280 | €172,867 | +€22,587 | +15.0% |
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 8 October 2026 via checked.be.