INTENZO: 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.
INTENZO
Largest movements
- Tangible fixed assets -€37,741
down €37,741 (-2.7%), from €1.4m to €1.4m
of which Land and buildings: -€38,212
- Cash +€18,847
up €18,847 (+36.5%), from €51,573 to €70,420
mainly Depreciation (+€57,754) and Net result for the year (+€42,047)
- Debts after one year -€73,600
down €73,600 (-5.7%), from €1.3m to €1.2m
- Profit (loss) carried forward +€42,047
up €42,047 (+22.2%), from -€189,230 to -€147,182
- Gross operating margin -€27,958
down €27,958 (-14.0%), from €200,120 to €172,163
- Other operating charges -€17,416
down €17,416 (-41.3%), from €42,150 to €24,734
- Depreciation -€16,274
down €16,274 (-22.0%), from €74,027 to €57,754
- Financial charges -€2,526
down €2,526 (-5.0%), from €50,154 to €47,628
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 | €1,499,459 | €1,468,895 | -€30,564 | -2.0% |
| Fixed assets | 21/28 | €1,422,407 | €1,384,667 | -€37,741 | -2.7% |
| Tangible fixed assets | 22/27 | €1,422,407 | €1,384,667 | -€37,741 | -2.7% |
| Land and buildings | 22 | €1,279,753 | €1,241,541 | -€38,212 | -3.0% |
| Plant, machinery and equipment | 23 | €141,969 | €142,770 | +€801 | +0.6% |
| Furniture and vehicles | 24 | €685 | €355 | -€330 | -48.2% |
| Current assets | 29/58 | €77,051 | €84,228 | +€7,177 | +9.3% |
| Amounts receivable within one year | 40/41 | €11,684 | €12,318 | +€633 | +5.4% |
| Trade receivables | 40 | €2,710 | €2,710 | = | 0.0% |
| Other amounts receivable | 41 | €8,974 | €9,608 | +€633 | +7.1% |
| Cash at bank and in hand | 54/58 | €51,573 | €70,420 | +€18,847 | +36.5% |
| Deferred charges and accrued income | 490/1 | €13,794 | €1,490 | -€12,304 | -89.2% |
| Total equity and liabilities | 10/49 | €1,499,459 | €1,468,895 | -€30,564 | -2.0% |
| Equity | 10/15 | -€170,630 | -€128,582 | +€42,047 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,230 | -€147,182 | +€42,047 | +22.2% |
| Amounts payable | 17/49 | €1,670,088 | €1,597,477 | -€72,611 | -4.3% |
| Amounts payable after more than one year | 17 | €1,282,580 | €1,208,980 | -€73,600 | -5.7% |
| Financial debts | 170/4 | €1,282,580 | €1,208,980 | -€73,600 | -5.7% |
| Amounts payable within one year | 42/48 | €374,658 | €362,566 | -€12,093 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €87,955 | €91,353 | +€3,397 | +3.9% |
| Trade debts | 44 | €10,751 | €901 | -€9,850 | -91.6% |
| Suppliers | 440/4 | €10,751 | €901 | -€9,850 | -91.6% |
| Other amounts payable | 47/48 | €275,952 | €270,312 | -€5,640 | -2.0% |
| Accrued charges and deferred income | 492/3 | €12,850 | €25,931 | +€13,082 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,027 | €57,754 | -€16,274 | -22.0% |
| Other operating charges | 640/8 | €42,150 | €24,734 | -€17,416 | -41.3% |
| Gross operating margin | 9900 | €200,120 | €172,163 | -€27,958 | -14.0% |
| Operating profit (loss) | 9901 | €83,943 | €89,675 | +€5,733 | +6.8% |
| Financial charges | 65/66B | €50,154 | €47,628 | -€2,526 | -5.0% |
| Recurring financial charges | 65 | €50,154 | €47,628 | -€2,526 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €33,789 | €42,047 | +€8,258 | +24.4% |
| Profit (loss) for the period | 9904 | €33,789 | €42,047 | +€8,258 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,789 | €42,047 | +€8,258 | +24.4% |
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.