Intercontinental Receivables 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.
Intercontinental Receivables Management
Largest movements
- Current investments +€200,132
up €200,132 (+49.6%), from €403,825 to €603,957
- Tangible fixed assets +€162,042
new in 2026: €162,042
- Cash -€109,239
down €109,239 (-44.3%), from €246,396 to €137,158
mainly Current investments (-€200,132) and Investment in fixed assets (net) (-€178,034)
- Receivables within one year +€96,822
up €96,822 (+868%), from €11,158 to €107,980
of which Trade receivables: +€96,061
- Receivables after one year +€19,998
up €19,998 (+15.6%), from €128,529 to €148,527
- Reserves +€301,327
up €301,327 (+44.8%), from €673,062 to €974,388
of which Distributable reserves: +€301,327
- Debts after one year +€97,353
new in 2026: €97,353
- Tax, wage and social debts -€54,428
down €54,428 (-56.9%), from €95,638 to €41,210
of which Taxes: -€51,428
- Current portion of long-term debt +€24,616
new in 2026: €24,616
- Gross operating margin -€48,171
down €48,171 (-9.4%), from €512,158 to €463,987
- Taxes -€19,039
down €19,039 (-11.7%), from €162,594 to €143,555
- Depreciation +€15,992
new in 2026: €15,992
- Financial charges +€12,811
up €12,811 (+1,801%), from €711 to €13,523
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,322 | €1,163,216 | +€368,894 | +46.4% |
| Fixed assets | 21/28 | - | €162,042 | +€162,042 | |
| Tangible fixed assets | 22/27 | - | €162,042 | +€162,042 | |
| Furniture and vehicles | 24 | - | €162,042 | +€162,042 | |
| Current assets | 29/58 | €794,322 | €1,001,174 | +€206,852 | +26.0% |
| Amounts receivable after more than one year | 29 | €128,529 | €148,527 | +€19,998 | +15.6% |
| Other amounts receivable | 291 | €128,529 | €148,527 | +€19,998 | +15.6% |
| Amounts receivable within one year | 40/41 | €11,158 | €107,980 | +€96,822 | +868% |
| Trade receivables | 40 | €11,149 | €107,210 | +€96,061 | +862% |
| Other amounts receivable | 41 | €9 | €770 | +€761 | +8,456% |
| Current investments | 50/53 | €403,825 | €603,957 | +€200,132 | +49.6% |
| Cash at bank and in hand | 54/58 | €246,396 | €137,158 | -€109,239 | -44.3% |
| Deferred charges and accrued income | 490/1 | €4,414 | €3,551 | -€862 | -19.5% |
| Total equity and liabilities | 10/49 | €794,322 | €1,163,216 | +€368,894 | +46.4% |
| Equity | 10/15 | €679,262 | €980,588 | +€301,327 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €673,062 | €974,388 | +€301,327 | +44.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €671,202 | €972,528 | +€301,327 | +44.9% |
| Amounts payable | 17/49 | €115,060 | €182,628 | +€67,568 | +58.7% |
| Amounts payable after more than one year | 17 | - | €97,353 | +€97,353 | |
| Financial debts | 170/4 | - | €97,353 | +€97,353 | |
| Amounts payable within one year | 42/48 | €115,060 | €79,520 | -€35,541 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | - | €24,616 | +€24,616 | |
| Trade debts | 44 | €8,449 | €2,389 | -€6,059 | -71.7% |
| Suppliers | 440/4 | €8,449 | €2,389 | -€6,059 | -71.7% |
| Advances received on contracts in progress | 46 | €2,766 | €2,766 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €95,638 | €41,210 | -€54,428 | -56.9% |
| Taxes | 450/3 | €92,638 | €41,210 | -€51,428 | -55.5% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €8,208 | €8,538 | +€331 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €5,755 | +€5,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,992 | +€15,992 | |
| Other operating charges | 640/8 | €753 | €1,165 | +€412 | +54.6% |
| Gross operating margin | 9900 | €512,158 | €463,987 | -€48,171 | -9.4% |
| Operating profit (loss) | 9901 | €511,404 | €446,830 | -€64,574 | -12.6% |
| Financial income | 75/76B | €8,325 | €11,574 | +€3,249 | +39.0% |
| Recurring financial income | 75 | €8,325 | €11,574 | +€3,249 | +39.0% |
| Financial charges | 65/66B | €711 | €13,523 | +€12,811 | +1,801% |
| Recurring financial charges | 65 | €711 | €13,523 | +€12,811 | +1,801% |
| Profit (loss) for the period before taxes | 9903 | €519,018 | €444,881 | -€74,137 | -14.3% |
| Income taxes | 67/77 | €162,594 | €143,555 | -€19,039 | -11.7% |
| Profit (loss) for the period | 9904 | €356,424 | €301,327 | -€55,098 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €356,424 | €301,327 | -€55,098 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.