INTERCONCEPT: 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.
What changed
INTERCONCEPT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€87,185
2024 · €88,253-€175,438
Equity
€1.3m
2024 · €1.3m+€777
Cash
€59,918
2024 · €33,474+€26,443
Balance sheet total
€4.6m
2024 · €4.6m-€8,369
Largest movements
Assets
- Tangible fixed assets -€60,361
down €60,361 (-1.9%), from €3.2m to €3.1m
of which Land and buildings: -€57,248
Equity and liabilities
- Trade debts -€239,379
down €239,379 (-90.8%), from €263,691 to €24,312
- Debts after one year +€210,197
up €210,197 (+8.5%), from €2.5m to €2.7m
- Provisions +€110,182
up €110,182 (+95.6%), from €115,236 to €225,418
- Other debts -€103,858
down €103,858 (-50.0%), from €207,791 to €103,934
- Investment grants +€87,963
up €87,963 (+95.4%), from €92,225 to €180,188
Income statement
- Depreciation +€129,081
up €129,081 (+289%), from €44,675 to €173,756
- Provisions +€100,361
up €100,361 (+1,022%), from €9,822 to €110,182
- Gross operating margin +€63,050
up €63,050 (+16.8%), from €376,232 to €439,282
- Financial charges +€18,209
up €18,209 (+7.9%), from €229,797 to €248,006
- Financial income +€7,273
up €7,273 (+778%), from €935 to €8,207
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.
Result 2024
€88,253
Gross operating margin
+€63,050
Depreciation
-€129,081
Provisions
-€100,361
Other operating charges
+€2,071
Financial income
+€7,273
Financial charges
-€18,209
Taxes
-€181
Result 2025
-€87,185
raises the resultlowers the result
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.
From operations
-€178,095
Investment
-€114,016
Financing
+€318,555
Cash 2024
€33,474
From operations (derived)
-€178,095
Net result for the year
-€87,185
Depreciation
+€173,756
Receivables within one year
-€24,659
Smaller working-capital items
-€17
Provisions
+€110,182
Trade debts
-€239,379
Tax, wage and social debts
-€6,936
Other debts
-€103,858
Investment (derived)
-€114,016
Investment in fixed assets (net)
-€114,016
Financing
+€318,555
Debts after one year
+€210,197
Current portion of long-term debt
+€20,431
Short-term financial debts
-€37
Contributions, distributions and other
+€87,963
Cash 2025
€59,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,604,325 | €4,595,956 | -€8,369 | -0.2% |
| Fixed assets | 21/28 | €3,605,873 | €3,546,133 | -€59,740 | -1.7% |
| Tangible fixed assets | 22/27 | €3,182,197 | €3,121,836 | -€60,361 | -1.9% |
| Land and buildings | 22 | €3,101,881 | €3,044,633 | -€57,248 | -1.8% |
| Plant, machinery and equipment | 23 | €5,007 | €4,322 | -€685 | -13.7% |
| Furniture and vehicles | 24 | €69,810 | €68,178 | -€1,632 | -2.3% |
| Other tangible fixed assets | 26 | €5,500 | €4,703 | -€797 | -14.5% |
| Financial fixed assets | 28 | €423,676 | €424,297 | +€621 | +0.1% |
| Current assets | 29/58 | €998,451 | €1,049,823 | +€51,371 | +5.1% |
| Amounts receivable within one year | 40/41 | €959,789 | €984,448 | +€24,659 | +2.6% |
| Trade receivables | 40 | €559,991 | €537,200 | -€22,791 | -4.1% |
| Other amounts receivable | 41 | €399,798 | €447,248 | +€47,450 | +11.9% |
| Cash at bank and in hand | 54/58 | €33,474 | €59,918 | +€26,443 | +79.0% |
| Deferred charges and accrued income | 490/1 | €5,188 | €5,457 | +€269 | +5.2% |
| Total equity and liabilities | 10/49 | €4,604,325 | €4,595,956 | -€8,369 | -0.2% |
| Equity | 10/15 | €1,319,209 | €1,319,987 | +€777 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,208,384 | €1,121,199 | -€87,185 | -7.2% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,103,134 | €1,015,949 | -€87,185 | -7.9% |
| Investment grants | 15 | €92,225 | €180,188 | +€87,963 | +95.4% |
| Provisions and deferred taxes | 16 | €115,236 | €225,418 | +€110,182 | +95.6% |
| Provisions for liabilities and charges | 160/5 | €115,236 | €225,418 | +€110,182 | +95.6% |
| Other liabilities and charges | 164/5 | €115,236 | €225,418 | +€110,182 | +95.6% |
| Amounts payable | 17/49 | €3,169,880 | €3,050,551 | -€119,329 | -3.8% |
| Amounts payable after more than one year | 17 | €2,459,262 | €2,669,459 | +€210,197 | +8.5% |
| Financial debts | 170/4 | €2,459,262 | €2,669,459 | +€210,197 | +8.5% |
| Amounts payable within one year | 42/48 | €710,617 | €380,839 | -€329,779 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €204,436 | €224,867 | +€20,431 | +10.0% |
| Financial debts | 43 | €37 | - | -€37 | |
| Credit institutions | 430/8 | €37 | - | -€37 | |
| Trade debts | 44 | €263,691 | €24,312 | -€239,379 | -90.8% |
| Suppliers | 440/4 | €263,691 | €24,312 | -€239,379 | -90.8% |
| Taxes, remuneration and social security | 45 | €34,663 | €27,726 | -€6,936 | -20.0% |
| Taxes | 450/3 | €34,663 | €27,726 | -€6,936 | -20.0% |
| Other amounts payable | 47/48 | €207,791 | €103,934 | -€103,858 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €253 | +€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,675 | €173,756 | +€129,081 | +289% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,822 | €110,182 | +€100,361 | +1,022% |
| Other operating charges | 640/8 | €3,956 | €1,885 | -€2,071 | -52.4% |
| Gross operating margin | 9900 | €376,232 | €439,282 | +€63,050 | +16.8% |
| Operating profit (loss) | 9901 | €317,779 | €153,459 | -€164,321 | -51.7% |
| Financial income | 75/76B | €935 | €8,207 | +€7,273 | +778% |
| Recurring financial income | 75 | €935 | €8,207 | +€7,273 | +778% |
| Financial charges | 65/66B | €229,797 | €248,006 | +€18,209 | +7.9% |
| Recurring financial charges | 65 | €229,797 | €248,006 | +€18,209 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €88,917 | -€86,340 | -€175,257 | |
| Income taxes | 67/77 | €664 | €845 | +€181 | +27.3% |
| Profit (loss) for the period | 9904 | €88,253 | -€87,185 | -€175,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,253 | -€87,185 | -€175,438 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.