INTERGEST BELGIUM: 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.
INTERGEST BELGIUM
Largest movements
- Receivables within one year +€89,060
up €89,060 (+30.8%), from €289,088 to €378,148
of which Trade receivables: +€86,800
- Cash +€48,172
up €48,172 (+66.7%), from €72,256 to €120,428
mainly Trade debts (+€98,245) and Net result for the year (+€49,698)
- Deferred charges and accrued income +€20,971
up €20,971 (+98.5%), from €21,296 to €42,267
- Trade debts +€98,245
up €98,245 (+53.5%), from €183,776 to €282,021
- Profit (loss) carried forward +€49,698
up €49,698 (+26.9%), from €185,044 to €234,742
- Staff costs +€47,833
up €47,833 (+11.1%), from €432,111 to €479,944
- Gross operating margin +€20,905
up €20,905 (+3.8%), from €552,388 to €573,293
- Write-downs -€11,195
down €11,195, from €9,899 to -€1,296
- Financial income -€5,936
down €5,936 (-23.1%), from €25,731 to €19,795
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 | €450,762 | €603,517 | +€152,756 | +33.9% |
| Fixed assets | 21/28 | €68,122 | €62,674 | -€5,447 | -8.0% |
| Tangible fixed assets | 22/27 | €67,898 | €62,450 | -€5,447 | -8.0% |
| Land and buildings | 22 | €20,884 | €20,016 | -€868 | -4.2% |
| Plant, machinery and equipment | 23 | €45,622 | €42,093 | -€3,529 | -7.7% |
| Furniture and vehicles | 24 | €1,237 | €268 | -€970 | -78.4% |
| Other tangible fixed assets | 26 | €155 | €74 | -€81 | -52.3% |
| Financial fixed assets | 28 | €224 | €224 | = | 0.0% |
| Current assets | 29/58 | €382,640 | €540,843 | +€158,203 | +41.3% |
| Amounts receivable within one year | 40/41 | €289,088 | €378,148 | +€89,060 | +30.8% |
| Trade receivables | 40 | €288,345 | €375,145 | +€86,800 | +30.1% |
| Other amounts receivable | 41 | €743 | €3,003 | +€2,260 | +304% |
| Cash at bank and in hand | 54/58 | €72,256 | €120,428 | +€48,172 | +66.7% |
| Deferred charges and accrued income | 490/1 | €21,296 | €42,267 | +€20,971 | +98.5% |
| Total equity and liabilities | 10/49 | €450,762 | €603,517 | +€152,756 | +33.9% |
| Equity | 10/15 | €205,944 | €255,642 | +€49,698 | +24.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,044 | €234,742 | +€49,698 | +26.9% |
| Provisions and deferred taxes | 16 | €6,100 | €6,100 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,100 | €6,100 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,100 | €6,100 | = | 0.0% |
| Amounts payable | 17/49 | €238,717 | €341,775 | +€103,058 | +43.2% |
| Amounts payable within one year | 42/48 | €238,367 | €338,189 | +€99,822 | +41.9% |
| Trade debts | 44 | €183,776 | €282,021 | +€98,245 | +53.5% |
| Suppliers | 440/4 | €183,776 | €282,021 | +€98,245 | +53.5% |
| Taxes, remuneration and social security | 45 | €54,592 | €55,333 | +€741 | +1.4% |
| Taxes | 450/3 | €7,348 | €7,574 | +€226 | +3.1% |
| Remuneration and social security | 454/9 | €47,243 | €47,759 | +€515 | +1.1% |
| Other amounts payable | 47/48 | - | €835 | +€835 | |
| Accrued charges and deferred income | 492/3 | €350 | €3,586 | +€3,236 | +925% |
| Remuneration, social security and pensions | 62 | €432,111 | €479,944 | +€47,833 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,463 | €9,971 | -€493 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,899 | -€1,296 | -€11,195 | |
| Other operating charges | 640/8 | €29,066 | €29,724 | +€658 | +2.3% |
| Non-recurring operating charges | 66A | €621 | - | -€621 | |
| Gross operating margin | 9900 | €552,388 | €573,293 | +€20,905 | +3.8% |
| Operating profit (loss) | 9901 | €70,229 | €54,950 | -€15,279 | -21.8% |
| Financial income | 75/76B | €25,731 | €19,795 | -€5,936 | -23.1% |
| Recurring financial income | 75 | €25,731 | €19,795 | -€5,936 | -23.1% |
| Financial charges | 65/66B | €2,840 | €3,483 | +€643 | +22.6% |
| Recurring financial charges | 65 | €2,840 | €3,483 | +€643 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €93,120 | €71,262 | -€21,858 | -23.5% |
| Income taxes | 67/77 | €26,982 | €21,564 | -€5,418 | -20.1% |
| Profit (loss) for the period | 9904 | €66,138 | €49,698 | -€16,440 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,138 | €49,698 | -€16,440 | -24.9% |
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 19 October 2026 via checked.be.