INTENSIVES: 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.
INTENSIVES
Largest movements
- Cash +€68,723
up €68,723 (+166%), from €41,450 to €110,173
mainly Depreciation (+€57,748) and Stocks and contracts (+€21,777)
- Tangible fixed assets -€57,020
down €57,020 (-81.1%), from €70,335 to €13,315
of which Land and buildings: -€54,560
- Stocks and contracts -€21,777
down €21,777 (-20.0%), from €108,698 to €86,921
- Receivables within one year -€10,773
down €10,773 (-11.2%), from €96,558 to €85,785
- Debts after one year -€49,934
down €49,934 (-70.4%), from €70,945 to €21,011
- Reserves +€20,197
up €20,197 (+15.3%), from €132,020 to €152,217
- Trade debts +€9,332
up €9,332 (+166%), from €5,634 to €14,966
- Gross operating margin -€94,199
down €94,199 (-35.7%), from €263,854 to €169,656
- Staff costs -€40,298
down €40,298 (-34.4%), from €117,281 to €76,982
- Taxes -€15,010
down €15,010 (-59.6%), from €25,170 to €10,161
- Other operating charges -€6,875
down €6,875 (-45.2%), from €15,203 to €8,328
- Depreciation -€6,673
down €6,673 (-10.4%), from €64,420 to €57,748
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 | €317,120 | €296,274 | -€20,846 | -6.6% |
| Fixed assets | 21/28 | €70,414 | €13,394 | -€57,020 | -81.0% |
| Tangible fixed assets | 22/27 | €70,335 | €13,315 | -€57,020 | -81.1% |
| Land and buildings | 22 | €56,860 | €2,300 | -€54,560 | -96.0% |
| Plant, machinery and equipment | 23 | €6,229 | €5,347 | -€882 | -14.2% |
| Furniture and vehicles | 24 | €7,246 | €5,668 | -€1,578 | -21.8% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €246,706 | €282,879 | +€36,173 | +14.7% |
| Stocks and contracts in progress | 3 | €108,698 | €86,921 | -€21,777 | -20.0% |
| Stocks | 30/36 | €108,698 | €86,921 | -€21,777 | -20.0% |
| Amounts receivable within one year | 40/41 | €96,558 | €85,785 | -€10,773 | -11.2% |
| Other amounts receivable | 41 | €96,558 | €85,785 | -€10,773 | -11.2% |
| Cash at bank and in hand | 54/58 | €41,450 | €110,173 | +€68,723 | +166% |
| Total equity and liabilities | 10/49 | €317,120 | €296,274 | -€20,846 | -6.6% |
| Equity | 10/15 | €143,815 | €164,012 | +€20,197 | +14.0% |
| Contributions | 10/11 | €11,795 | €11,795 | = | 0.0% |
| Reserves | 13 | €132,020 | €152,217 | +€20,197 | +15.3% |
| Distributable reserves | 133 | €132,020 | €152,217 | +€20,197 | +15.3% |
| Amounts payable | 17/49 | €173,305 | €132,262 | -€41,043 | -23.7% |
| Amounts payable after more than one year | 17 | €70,945 | €21,011 | -€49,934 | -70.4% |
| Financial debts | 170/4 | €70,945 | €21,011 | -€49,934 | -70.4% |
| Amounts payable within one year | 42/48 | €102,360 | €111,251 | +€8,891 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €49,245 | €49,934 | +€688 | +1.4% |
| Trade debts | 44 | €5,634 | €14,966 | +€9,332 | +166% |
| Suppliers | 440/4 | €5,634 | €14,966 | +€9,332 | +166% |
| Taxes, remuneration and social security | 45 | €44,897 | €44,885 | -€12 | 0.0% |
| Taxes | 450/3 | €26,607 | €32,494 | +€5,887 | +22.1% |
| Remuneration and social security | 454/9 | €18,290 | €12,391 | -€5,899 | -32.3% |
| Other amounts payable | 47/48 | €2,584 | €1,467 | -€1,118 | -43.2% |
| Remuneration, social security and pensions | 62 | €117,281 | €76,982 | -€40,298 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,420 | €57,748 | -€6,673 | -10.4% |
| Other operating charges | 640/8 | €15,203 | €8,328 | -€6,875 | -45.2% |
| Gross operating margin | 9900 | €263,854 | €169,656 | -€94,199 | -35.7% |
| Operating profit (loss) | 9901 | €66,951 | €26,597 | -€40,354 | -60.3% |
| Financial income | 75/76B | €13,027 | €6,959 | -€6,068 | -46.6% |
| Recurring financial income | 75 | €13,027 | €6,959 | -€6,068 | -46.6% |
| Financial charges | 65/66B | €6,612 | €3,199 | -€3,413 | -51.6% |
| Recurring financial charges | 65 | €6,612 | €3,199 | -€3,413 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €73,366 | €30,357 | -€43,009 | -58.6% |
| Income taxes | 67/77 | €25,170 | €10,161 | -€15,010 | -59.6% |
| Profit (loss) for the period | 9904 | €48,196 | €20,197 | -€27,999 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,196 | €20,197 | -€27,999 | -58.1% |
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 14 October 2026 via checked.be.