INTENSUS MANAGEMENT: 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.
INTENSUS MANAGEMENT
Largest movements
- Tangible fixed assets +€105,949
up €105,949 (+6,745%), from €1,571 to €107,520
of which Furniture and vehicles: +€104,722
- Cash -€35,686
down €35,686 (-44.4%), from €80,433 to €44,747
mainly Other debts (-€179,392) and Investment in fixed assets (net) (-€118,354)
- Intangible fixed assets -€18,463
down €18,463 (-16.1%), from €114,581 to €96,118
- Receivables within one year +€11,571
up €11,571 (+45.5%), from €25,457 to €37,029
- Profit (loss) carried forward +€366,523
new in 2025: €366,523
- Other debts -€179,392
no longer reported in 2025 (was €179,392)
- Reserves -€90,854
down €90,854 (-48.4%), from €187,684 to €96,830
of which Distributable reserves: -€48,754
- Tax, wage and social debts -€55,079
down €55,079 (-89.1%), from €61,791 to €6,713
- Current portion of long-term debt +€21,152
up €21,152 (+37.1%), from €57,000 to €78,152
- Gross operating margin +€239,787
up €239,787 (+145%), from €165,173 to €404,960
- Depreciation +€11,777
up €11,777 (+61.7%), from €19,091 to €30,868
- Taxes -€5,475
down €5,475 (-10.8%), from €50,821 to €45,347
- Financial income -€4,492
down €4,492 (-73.0%), from €6,151 to €1,659
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 | €787,303 | €848,474 | +€61,171 | +7.8% |
| Fixed assets | 21/28 | €676,921 | €764,407 | +€87,486 | +12.9% |
| Intangible fixed assets | 21 | €114,581 | €96,118 | -€18,463 | -16.1% |
| Tangible fixed assets | 22/27 | €1,571 | €107,520 | +€105,949 | +6,745% |
| Land and buildings | 22 | - | €1,946 | +€1,946 | |
| Plant, machinery and equipment | 23 | €1,571 | €851 | -€719 | -45.8% |
| Furniture and vehicles | 24 | - | €104,722 | +€104,722 | |
| Financial fixed assets | 28 | €560,769 | €560,769 | = | 0.0% |
| Current assets | 29/58 | €110,382 | €84,066 | -€26,315 | -23.8% |
| Amounts receivable within one year | 40/41 | €25,457 | €37,029 | +€11,571 | +45.5% |
| Other amounts receivable | 41 | €25,457 | €37,029 | +€11,571 | +45.5% |
| Cash at bank and in hand | 54/58 | €80,433 | €44,747 | -€35,686 | -44.4% |
| Deferred charges and accrued income | 490/1 | €4,492 | €2,291 | -€2,201 | -49.0% |
| Total equity and liabilities | 10/49 | €787,303 | €848,474 | +€61,171 | +7.8% |
| Equity | 10/15 | €212,684 | €488,353 | +€275,669 | +130% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €187,684 | €96,830 | -€90,854 | -48.4% |
| Tax-exempt reserves | 132 | €138,930 | €96,830 | -€42,100 | -30.3% |
| Distributable reserves | 133 | €48,754 | - | -€48,754 | |
| Profit (loss) carried forward | 14 | - | €366,523 | +€366,523 | |
| Amounts payable | 17/49 | €574,619 | €360,121 | -€214,498 | -37.3% |
| Amounts payable after more than one year | 17 | €275,500 | €273,988 | -€1,512 | -0.5% |
| Financial debts | 170/4 | €275,500 | €273,988 | -€1,512 | -0.5% |
| Amounts payable within one year | 42/48 | €299,119 | €86,133 | -€212,986 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €57,000 | €78,152 | +€21,152 | +37.1% |
| Trade debts | 44 | €936 | €1,269 | +€333 | +35.6% |
| Suppliers | 440/4 | €936 | €1,269 | +€333 | +35.6% |
| Taxes, remuneration and social security | 45 | €61,791 | €6,713 | -€55,079 | -89.1% |
| Taxes | 450/3 | €61,791 | €6,713 | -€55,079 | -89.1% |
| Other amounts payable | 47/48 | €179,392 | - | -€179,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,091 | €30,868 | +€11,777 | +61.7% |
| Other operating charges | 640/8 | €192 | €317 | +€125 | +64.8% |
| Gross operating margin | 9900 | €165,173 | €404,960 | +€239,787 | +145% |
| Operating profit (loss) | 9901 | €145,890 | €373,776 | +€227,886 | +156% |
| Financial income | 75/76B | €6,151 | €1,659 | -€4,492 | -73.0% |
| Recurring financial income | 75 | €6,151 | €1,659 | -€4,492 | -73.0% |
| Financial charges | 65/66B | €4,242 | €5,666 | +€1,424 | +33.6% |
| Recurring financial charges | 65 | €4,242 | €5,666 | +€1,424 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €147,800 | €369,769 | +€221,969 | +150% |
| Income taxes | 67/77 | €50,821 | €45,347 | -€5,475 | -10.8% |
| Profit (loss) for the period | 9904 | €96,979 | €324,423 | +€227,444 | +235% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,979 | €366,523 | +€269,544 | +278% |
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 20 October 2026 via checked.be.