INTERGAL-BUD BUILD: 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.
INTERGAL-BUD BUILD
Largest movements
- Receivables within one year +€23,092
up €23,092 (+154%), from €15,009 to €38,101
of which Trade receivables: +€16,591
- Tangible fixed assets +€12,822
up €12,822 (+133%), from €9,624 to €22,446
of which Furniture and vehicles: +€13,383
- Cash +€7,567
up €7,567 (+229%), from €3,298 to €10,864
mainly Net result for the year (+€13,235) and Debts after one year (+€10,971)
- Profit (loss) carried forward +€13,235
up €13,235 (+57.5%), from €23,000 to €36,234
- Debts after one year +€10,971
new in 2025: €10,971
- Trade debts +€9,027
new in 2025: €9,027
- Current portion of long-term debt +€6,449
new in 2025: €6,449
- Tax, wage and social debts +€4,003
up €4,003 (+128%), from €3,119 to €7,121
- Gross operating margin +€6,784
up €6,784 (+32.0%), from €21,221 to €28,006
- Depreciation +€3,700
up €3,700 (+64.4%), from €5,743 to €9,444
- Taxes +€884
up €884 (+28.3%), from €3,119 to €4,003
- Financial charges +€650
up €650 (+884%), from €74 to €723
- Financial income +€285
up €285 (+701%), from €41 to €325
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 | €28,118 | €71,802 | +€43,684 | +155% |
| Fixed assets | 21/28 | €9,624 | €22,446 | +€12,822 | +133% |
| Tangible fixed assets | 22/27 | €9,624 | €22,446 | +€12,822 | +133% |
| Plant, machinery and equipment | 23 | €561 | - | -€561 | |
| Furniture and vehicles | 24 | €9,063 | €22,446 | +€13,383 | +148% |
| Current assets | 29/58 | €18,494 | €49,356 | +€30,862 | +167% |
| Amounts receivable within one year | 40/41 | €15,009 | €38,101 | +€23,092 | +154% |
| Trade receivables | 40 | €9,294 | €25,885 | +€16,591 | +179% |
| Other amounts receivable | 41 | €5,715 | €12,216 | +€6,501 | +114% |
| Cash at bank and in hand | 54/58 | €3,298 | €10,864 | +€7,567 | +229% |
| Deferred charges and accrued income | 490/1 | €187 | €391 | +€203 | +109% |
| Total equity and liabilities | 10/49 | €28,118 | €71,802 | +€43,684 | +155% |
| Equity | 10/15 | €25,000 | €38,234 | +€13,235 | +52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,000 | €36,234 | +€13,235 | +57.5% |
| Amounts payable | 17/49 | €3,119 | €33,568 | +€30,449 | +976% |
| Amounts payable after more than one year | 17 | - | €10,971 | +€10,971 | |
| Financial debts | 170/4 | - | €10,971 | +€10,971 | |
| Amounts payable within one year | 42/48 | €3,119 | €22,596 | +€19,478 | +625% |
| Current portion of amounts payable after more than one year | 42 | - | €6,449 | +€6,449 | |
| Trade debts | 44 | - | €9,027 | +€9,027 | |
| Suppliers | 440/4 | - | €9,027 | +€9,027 | |
| Taxes, remuneration and social security | 45 | €3,119 | €7,121 | +€4,003 | +128% |
| Taxes | 450/3 | €3,119 | €7,121 | +€4,003 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,743 | €9,444 | +€3,700 | +64.4% |
| Other operating charges | 640/8 | €749 | €927 | +€178 | +23.8% |
| Gross operating margin | 9900 | €21,221 | €28,006 | +€6,784 | +32.0% |
| Operating profit (loss) | 9901 | €14,730 | €17,635 | +€2,906 | +19.7% |
| Financial income | 75/76B | €41 | €325 | +€285 | +701% |
| Recurring financial income | 75 | €41 | €325 | +€285 | +701% |
| Financial charges | 65/66B | €74 | €723 | +€650 | +884% |
| Recurring financial charges | 65 | €74 | €723 | +€650 | +884% |
| Profit (loss) for the period before taxes | 9903 | €14,697 | €17,237 | +€2,541 | +17.3% |
| Income taxes | 67/77 | €3,119 | €4,003 | +€884 | +28.3% |
| Profit (loss) for the period | 9904 | €11,578 | €13,235 | +€1,657 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,578 | €13,235 | +€1,657 | +14.3% |
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 27 October 2026 via checked.be.