INTERCONSTRUCT: 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
INTERCONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.2m+€241,617
Equity
€6.8m
2024 · €6.9m-€70,307
Cash
€2.1m
2024 · €1.8m+€342,456
Balance sheet total
€23.9m
2024 · €22.7m+€1.2m
Largest movements
Assets
- Receivables within one year +€806,591
up €806,591 (+6.6%), from €12.2m to €13.0m
of which Other amounts receivable: +€678,017
- Cash +€342,456
up €342,456 (+19.6%), from €1.8m to €2.1m
mainly Other debts (+€1.5m) and Net result for the year (+€1.4m)
- Tangible fixed assets +€332,689
up €332,689 (+5.2%), from €6.4m to €6.7m
of which Leasing and similar rights: +€497,543
- Stocks and contracts -€266,453
down €266,453 (-19.9%), from €1.3m to €1.1m
Equity and liabilities
- Other debts +€1.5m
up €1.5m, from €0 to €1.5m
- Short-term financial debts -€640,869
down €640,869 (-38.6%), from €1.7m to €1.0m
- Trade debts -€571,091
down €571,091 (-10.9%), from €5.2m to €4.7m
- Advances received +€400,000
up €400,000 (+133.3%), from €300,000 to €700,000
Income statement
- Goods and materials -€4.3m
down €4.3m (-12.6%), from €34.0m to €29.7m
of which Purchases: -€4.2m
- Turnover -€3.5m
down €3.5m (-8.0%), from €43.4m to €39.9m
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
€1.2m
Turnover
-€3.5m
Other operating income
-€345
Goods and materials
+€4.3m
Services and other goods
-€179,092
Staff costs
-€36,412
Depreciation
-€105,755
Write-downs
+€181,901
Provisions
+€116,817
Other operating charges
+€102,603
Other operating items
-€539,418
Financial income
+€26,281
Financial charges
-€43,318
Taxes
-€69,798
Deferred taxes and other
-€28
Result 2025
€1.4m
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.
From operations
+€3.4m
Investment
-€1.0m
Financing
-€2.0m
Cash 2024
€1.8m
From operations (derived)
+€3.4m
Net result for the year
+€1.4m
Depreciation
+€687,007
Receivables after one year
-€6,162
Stocks and contracts
+€266,453
Receivables within one year
-€806,591
Deferred charges and accrued income
+€8,274
Provisions
+€198,476
Trade debts
-€571,091
Tax, wage and social debts
+€132,820
Advances received
+€400,000
Other debts
+€1.5m
Accrued charges and deferred income
+€147,331
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€959,254
Current investments
-€42,000
Financing
-€2.0m
Debts after one year
-€51,440
Current portion of long-term debt
+€166,610
Short-term financial debts
-€640,869
Contributions, distributions and other
-€1.5m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,723,759 | €23,918,489 | +€1.2m | +5.3% |
| Fixed assets | 21/28 | €6,501,580 | €6,773,827 | +€272,248 | +4.2% |
| Tangible fixed assets | 22/27 | €6,369,514 | €6,702,203 | +€332,689 | +5.2% |
| Land and buildings | 22 | €152,305 | €146,929 | -€5,377 | -3.5% |
| Plant, machinery and equipment | 23 | €99,116 | €151,562 | +€52,445 | +52.9% |
| Furniture and vehicles | 24 | €123,794 | €75,635 | -€48,159 | -38.9% |
| Leasing and similar rights | 25 | €2,993,742 | €3,491,285 | +€497,543 | +16.6% |
| Other tangible fixed assets | 26 | €3,000,557 | €2,836,793 | -€163,764 | -5.5% |
| Financial fixed assets | 28 | €132,065 | €71,624 | -€60,441 | -45.8% |
| Other financial fixed assets | 284/8 | €132,065 | €71,624 | -€60,441 | -45.8% |
| Amounts receivable and cash guarantees | 285/8 | €132,065 | €71,624 | -€60,441 | -45.8% |
| Current assets | 29/58 | €16,222,180 | €17,144,662 | +€922,482 | +5.7% |
| Amounts receivable after more than one year | 29 | €782,643 | €788,804 | +€6,162 | +0.8% |
| Other amounts receivable | 291 | €782,643 | €788,804 | +€6,162 | +0.8% |
| Stocks and contracts in progress | 3 | €1,340,269 | €1,073,816 | -€266,453 | -19.9% |
| Stocks | 30/36 | €1,340,269 | €1,073,816 | -€266,453 | -19.9% |
| Raw materials and consumables | 30/31 | €80,583 | €104,180 | +€23,597 | +29.3% |
| Goods purchased for resale | 34 | €297,751 | €204,839 | -€92,912 | -31.2% |
| Property held for sale | 35 | €961,934 | €764,796 | -€197,137 | -20.5% |
| Amounts receivable within one year | 40/41 | €12,173,488 | €12,980,079 | +€806,591 | +6.6% |
| Trade receivables | 40 | €11,639,714 | €11,768,288 | +€128,574 | +1.1% |
| Other amounts receivable | 41 | €533,773 | €1,211,790 | +€678,017 | +127.0% |
| Current investments | 50/53 | - | €42,000 | +€42,000 | |
| Other investments | 51/53 | - | €42,000 | +€42,000 | |
| Cash at bank and in hand | 54/58 | €1,751,382 | €2,093,838 | +€342,456 | +19.6% |
| Deferred charges and accrued income | 490/1 | €174,399 | €166,124 | -€8,274 | -4.7% |
| Total equity and liabilities | 10/49 | €22,723,759 | €23,918,489 | +€1.2m | +5.3% |
| Equity | 10/15 | €6,906,242 | €6,835,935 | -€70,307 | -1.0% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €6,145,593 | €6,090,384 | -€55,209 | -0.9% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €337,641 | €282,069 | -€55,572 | -16.5% |
| Distributable reserves | 133 | €5,745,979 | €5,746,342 | +€363 | 0.0% |
| Investment grants | 15 | €140,915 | €125,817 | -€15,098 | -10.7% |
| Provisions and deferred taxes | 16 | €446,364 | €644,840 | +€198,476 | +44.5% |
| Provisions for liabilities and charges | 160/5 | €333,817 | €550,817 | +€217,000 | +65.0% |
| Other liabilities and charges | 164/5 | €333,817 | €550,817 | +€217,000 | +65.0% |
| Deferred taxes | 168 | €112,547 | €94,023 | -€18,524 | -16.5% |
| Amounts payable | 17/49 | €15,371,153 | €16,437,713 | +€1.1m | +6.9% |
| Amounts payable after more than one year | 17 | €6,401,308 | €6,349,868 | -€51,440 | -0.8% |
| Financial debts | 170/4 | €4,798,454 | €4,932,313 | +€133,860 | +2.8% |
| Leasing and similar obligations | 172 | €2,761,659 | €3,012,871 | +€251,211 | +9.1% |
| Credit institutions | 173 | €2,036,794 | €1,919,443 | -€117,351 | -5.8% |
| Trade debts | 175 | €1,602,855 | €1,417,555 | -€185,300 | -11.6% |
| Suppliers | 1750 | €1,602,855 | €1,417,555 | -€185,300 | -11.6% |
| Amounts payable within one year | 42/48 | €8,288,174 | €9,258,843 | +€970,669 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €508,829 | €675,439 | +€166,610 | +32.7% |
| Financial debts | 43 | €1,658,266 | €1,017,397 | -€640,869 | -38.6% |
| Credit institutions | 430/8 | €1,658,266 | €1,017,397 | -€640,869 | -38.6% |
| Trade debts | 44 | €5,247,459 | €4,676,368 | -€571,091 | -10.9% |
| Suppliers | 440/4 | €5,247,459 | €4,676,368 | -€571,091 | -10.9% |
| Advances received on contracts in progress | 46 | €300,000 | €700,000 | +€400,000 | +133.3% |
| Taxes, remuneration and social security | 45 | €573,619 | €706,439 | +€132,820 | +23.2% |
| Taxes | 450/3 | €96,883 | €149,841 | +€52,958 | +54.7% |
| Remuneration and social security | 454/9 | €476,736 | €556,598 | +€79,862 | +16.8% |
| Other amounts payable | 47/48 | €0 | €1,483,200 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €681,671 | €829,003 | +€147,331 | +21.6% |
| Operating income | 70/76A | €44,803,908 | €40,785,477 | -€4.0m | -9.0% |
| Turnover | 70 | €43,371,522 | €39,890,197 | -€3.5m | -8.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €699,808 | €0 | -€699,808 | -100.0% |
| Own construction capitalised | 72 | €123,326 | €0 | -€123,326 | -100.0% |
| Other operating income | 74 | €535,746 | €535,401 | -€345 | -0.1% |
| Non-recurring operating income | 76A | €73,506 | €359,879 | +€286,373 | +389.6% |
| Operating charges | 60/66A | €43,002,595 | €38,655,684 | -€4.3m | -10.1% |
| Goods for resale, raw materials and consumables | 60 | €34,006,032 | €29,736,526 | -€4.3m | -12.6% |
| Purchases | 600/8 | €33,640,945 | €29,470,074 | -€4.2m | -12.4% |
| Change in stocks: decrease (increase) | 609 | €365,087 | €266,453 | -€98,634 | -27.0% |
| Services and other goods | 61 | €2,465,520 | €2,644,612 | +€179,092 | +7.3% |
| Remuneration, social security and pensions | 62 | €5,050,830 | €5,087,242 | +€36,412 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581,252 | €687,007 | +€105,755 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €181,901 | €0 | -€181,901 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €333,817 | €217,000 | -€116,817 | -35.0% |
| Other operating charges | 640/8 | €383,243 | €280,639 | -€102,603 | -26.8% |
| Non-recurring operating charges | 66A | €0 | €2,657 | +€2,657 | |
| Operating profit (loss) | 9901 | €1,801,313 | €2,129,793 | +€328,479 | +18.2% |
| Financial income | 75/76B | €133,578 | €159,860 | +€26,281 | +19.7% |
| Recurring financial income | 75 | €133,578 | €159,860 | +€26,281 | +19.7% |
| Income from current assets | 751 | €24,554 | €99,520 | +€74,966 | +305.3% |
| Other financial income | 752/9 | €109,025 | €60,340 | -€48,684 | -44.7% |
| Financial charges | 65/66B | €284,177 | €327,495 | +€43,318 | +15.2% |
| Recurring financial charges | 65 | €284,177 | €264,253 | -€19,923 | -7.0% |
| Debt charges | 650 | €227,846 | €210,248 | -€17,598 | -7.7% |
| Other financial charges | 652/9 | €56,331 | €54,006 | -€2,325 | -4.1% |
| Non-recurring financial charges | 66B | - | €63,241 | +€63,241 | |
| Profit (loss) for the period before taxes | 9903 | €1,650,715 | €1,962,158 | +€311,443 | +18.9% |
| Transfer from deferred taxes | 780 | €18,552 | €18,524 | -€28 | -0.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €482,892 | €552,691 | +€69,798 | +14.5% |
| Taxes | 670/3 | €482,892 | €552,691 | +€69,798 | +14.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €1,186,375 | €1,427,991 | +€241,617 | +20.4% |
| Transfer from tax-exempt reserves | 789 | €55,656 | €55,572 | -€84 | -0.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,242,030 | €1,483,563 | +€241,532 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.