INTERGEM: 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.
INTERGEM
Largest movements
- Stocks and contracts -€44,021
down €44,021 (-11.9%), from €369,457 to €325,436
- Cash +€27,253
up €27,253 (+393%), from €6,933 to €34,186
mainly Stocks and contracts (+€44,021) and Net result for the year (+€43,189)
- Receivables within one year -€22,073
down €22,073 (-8.5%), from €259,930 to €237,857
of which Trade receivables: -€25,878
- Trade debts -€70,237
down €70,237 (-72.9%), from €96,287 to €26,050
- Profit (loss) carried forward +€41,030
up €41,030 (+12.8%), from €319,818 to €360,847
- Other debts -€26,449
down €26,449 (-4.4%), from €603,166 to €576,717
- Gross operating margin +€119,897
up €119,897, from -€106,881 to €13,016
- Other operating charges -€20,320
down €20,320 (-93.5%), from €21,729 to €1,408
- Depreciation +€6,939
up €6,939 (+65.7%), from €10,564 to €17,503
- Financial income -€2,354
down €2,354 (-3.7%), from €63,172 to €60,818
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 | €1,951,550 | €1,896,646 | -€54,903 | -2.8% |
| Fixed assets | 21/28 | €143,976 | €127,383 | -€16,594 | -11.5% |
| Intangible fixed assets | 21 | €141,843 | €125,267 | -€16,576 | -11.7% |
| Tangible fixed assets | 22/27 | €1,933 | €1,915 | -€18 | -0.9% |
| Plant, machinery and equipment | 23 | €1,933 | €1,143 | -€790 | -40.9% |
| Furniture and vehicles | 24 | - | €773 | +€773 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,807,573 | €1,769,264 | -€38,310 | -2.1% |
| Amounts receivable after more than one year | 29 | €1,138,985 | €1,138,985 | = | 0.0% |
| Other amounts receivable | 291 | €1,138,985 | €1,138,985 | = | 0.0% |
| Stocks and contracts in progress | 3 | €369,457 | €325,436 | -€44,021 | -11.9% |
| Stocks | 30/36 | €369,457 | €325,436 | -€44,021 | -11.9% |
| Amounts receivable within one year | 40/41 | €259,930 | €237,857 | -€22,073 | -8.5% |
| Trade receivables | 40 | €42,051 | €16,173 | -€25,878 | -61.5% |
| Other amounts receivable | 41 | €217,880 | €221,685 | +€3,805 | +1.7% |
| Cash at bank and in hand | 54/58 | €6,933 | €34,186 | +€27,253 | +393% |
| Deferred charges and accrued income | 490/1 | €32,267 | €32,799 | +€532 | +1.6% |
| Total equity and liabilities | 10/49 | €1,951,550 | €1,896,646 | -€54,903 | -2.8% |
| Equity | 10/15 | €1,248,749 | €1,291,938 | +€43,189 | +3.5% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €28,931 | €31,091 | +€2,159 | +7.5% |
| Non-distributable reserves | 130/1 | €28,931 | €31,091 | +€2,159 | +7.5% |
| Legal reserve | 130 | €28,931 | €31,091 | +€2,159 | +7.5% |
| Profit (loss) carried forward | 14 | €319,818 | €360,847 | +€41,030 | +12.8% |
| Amounts payable | 17/49 | €702,801 | €604,709 | -€98,092 | -14.0% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €699,801 | €603,209 | -€96,592 | -13.8% |
| Trade debts | 44 | €96,287 | €26,050 | -€70,237 | -72.9% |
| Suppliers | 440/4 | €96,287 | €26,050 | -€70,237 | -72.9% |
| Taxes, remuneration and social security | 45 | €348 | €442 | +€94 | +27.1% |
| Taxes | 450/3 | €348 | €442 | +€94 | +27.1% |
| Other amounts payable | 47/48 | €603,166 | €576,717 | -€26,449 | -4.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,564 | €17,503 | +€6,939 | +65.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,069 | €8,069 | = | 0.0% |
| Other operating charges | 640/8 | €21,729 | €1,408 | -€20,320 | -93.5% |
| Gross operating margin | 9900 | -€106,881 | €13,016 | +€119,897 | |
| Operating profit (loss) | 9901 | -€147,242 | -€13,964 | +€133,278 | +90.5% |
| Financial income | 75/76B | €63,172 | €60,818 | -€2,354 | -3.7% |
| Recurring financial income | 75 | €63,172 | €60,818 | -€2,354 | -3.7% |
| Financial charges | 65/66B | €4,508 | €3,665 | -€843 | -18.7% |
| Recurring financial charges | 65 | €4,508 | €3,665 | -€843 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€88,578 | €43,189 | +€131,767 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€88,578 | €43,189 | +€131,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,578 | €43,189 | +€131,767 |
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 13 October 2026 via checked.be.