INTERGROW: what changed
Two fiscal 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
INTERGROW
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €2.9m+€977,144
Equity
€43.1m
2024 · €39.2m+€3.9m
Cash
€7.9m
2024 · €4.5m+€3.3m
Balance sheet total
€60.2m
2024 · €61.3m-€1.0m
Largest movements
Assets
- Receivables within one year -€4.1m
down €4.1m (-24.8%), from €16.7m to €12.5m
of which Other amounts receivable: -€4.0m
- Cash +€3.3m
up €3.3m (+74.0%), from €4.5m to €7.9m
mainly Receivables within one year (+€4.1m) and Net result for the year (+€3.9m)
- Tangible fixed assets +€2.2m
up €2.2m (+12.5%), from €17.2m to €19.3m
of which Assets under construction and advance payments: +€2.4m
- Stocks and contracts -€2.0m
down €2.0m (-16.4%), from €12.0m to €10.0m
Equity and liabilities
- Reserves +€3.9m
up €3.9m (+11.8%), from €33.2m to €37.1m
of which Distributable reserves: +€3.9m
- Short-term financial debts -€2.3m
down €2.3m (-90.3%), from €2.6m to €252,036
- Trade debts -€1.9m
down €1.9m (-19.1%), from €10.1m to €8.2m
- Debts after one year -€1.9m
down €1.9m (-47.0%), from €4.0m to €2.1m
of which Financial debts: -€1.9m
- Other debts +€1.0m
up €1.0m (+39.6%), from €2.6m to €3.6m
Income statement
- Goods and materials -€2.1m
down €2.1m (-4.4%), from €47.4m to €45.3m
of which Purchases: -€2.2m
- Turnover -€1.6m
down €1.6m (-2.7%), from €60.1m to €58.4m
- Write-downs -€1.2m
down €1.2m, from €618,279 to -€560,007
- Services and other goods +€669,538
up €669,538 (+15.5%), from €4.3m to €5.0m
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
€2.9m
Turnover
-€1.6m
Other operating income
+€55,709
Goods and materials
+€2.1m
Services and other goods
-€669,538
Staff costs
+€41,762
Depreciation
-€214,019
Write-downs
+€1.2m
Other operating charges
-€41,352
Other operating items
-€9,292
Financial income
-€6,765
Financial charges
-€42,316
Taxes
+€247,876
Deferred taxes and other
-€1,068
Result 2025
€3.9m
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
+€11.6m
Investment
-€4.0m
Financing
-€4.2m
Cash 2024
€4.5m
From operations (derived)
+€11.6m
Net result for the year
+€3.9m
Depreciation
+€1.9m
Receivables after one year
+€202,123
Stocks and contracts
+€2.0m
Receivables within one year
+€4.1m
Deferred charges and accrued income
+€187,953
Provisions
-€9,615
Trade debts
-€1.9m
Tax, wage and social debts
+€162,496
Other debts
+€1.0m
Accrued charges and deferred income
+€36,747
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€4.2m
Debts after one year
-€1.9m
Current portion of long-term debt
-€5,620
Short-term financial debts
-€2.3m
Cash 2025
€7.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,256,263 | €60,215,665 | -€1.0m | -1.7% |
| Fixed assets | 21/28 | €17,372,263 | €19,477,072 | +€2.1m | +12.1% |
| Intangible fixed assets | 21 | €170,634 | €137,649 | -€32,984 | -19.3% |
| Tangible fixed assets | 22/27 | €17,189,124 | €19,339,423 | +€2.2m | +12.5% |
| Land and buildings | 22 | €13,946,427 | €14,017,031 | +€70,605 | +0.5% |
| Plant, machinery and equipment | 23 | €2,125,669 | €1,839,659 | -€286,011 | -13.5% |
| Furniture and vehicles | 24 | €791,866 | €729,324 | -€62,542 | -7.9% |
| Assets under construction and advance payments | 27 | €325,162 | €2,753,409 | +€2.4m | +746.8% |
| Financial fixed assets | 28 | €12,506 | €0 | -€12,506 | -100.0% |
| Other financial fixed assets | 284/8 | €12,506 | €0 | -€12,506 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,506 | €0 | -€12,506 | -100.0% |
| Current assets | 29/58 | €43,884,000 | €40,738,593 | -€3.1m | -7.2% |
| Amounts receivable after more than one year | 29 | €9,981,891 | €9,779,768 | -€202,123 | -2.0% |
| Other amounts receivable | 291 | €9,981,891 | €9,779,768 | -€202,123 | -2.0% |
| Stocks and contracts in progress | 3 | €12,018,868 | €10,048,417 | -€2.0m | -16.4% |
| Stocks | 30/36 | €12,018,868 | €10,048,417 | -€2.0m | -16.4% |
| Goods purchased for resale | 34 | €12,018,868 | €10,048,417 | -€2.0m | -16.4% |
| Amounts receivable within one year | 40/41 | €16,665,723 | €12,539,231 | -€4.1m | -24.8% |
| Trade receivables | 40 | €10,547,345 | €10,450,118 | -€97,227 | -0.9% |
| Other amounts receivable | 41 | €6,118,378 | €2,089,113 | -€4.0m | -65.9% |
| Cash at bank and in hand | 54/58 | €4,515,769 | €7,857,382 | +€3.3m | +74.0% |
| Deferred charges and accrued income | 490/1 | €701,748 | €513,795 | -€187,953 | -26.8% |
| Total equity and liabilities | 10/49 | €61,256,263 | €60,215,665 | -€1.0m | -1.7% |
| Equity | 10/15 | €39,220,938 | €43,132,907 | +€3.9m | +10.0% |
| Contributions | 10/11 | €6,000,000 | €6,000,000 | = | 0.0% |
| Capital | 10 | €6,000,000 | €6,000,000 | = | 0.0% |
| Issued capital | 100 | €6,000,000 | €6,000,000 | = | 0.0% |
| Reserves | 13 | €33,220,938 | €37,132,907 | +€3.9m | +11.8% |
| Non-distributable reserves | 130/1 | €600,000 | €600,000 | = | 0.0% |
| Legal reserve | 130 | €600,000 | €600,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €363,378 | €334,532 | -€28,846 | -7.9% |
| Distributable reserves | 133 | €32,257,560 | €36,198,375 | +€3.9m | +12.2% |
| Provisions and deferred taxes | 16 | €96,152 | €86,537 | -€9,615 | -10.0% |
| Deferred taxes | 168 | €96,152 | €86,537 | -€9,615 | -10.0% |
| Amounts payable | 17/49 | €21,939,173 | €16,996,220 | -€4.9m | -22.5% |
| Amounts payable after more than one year | 17 | €4,015,581 | €2,127,502 | -€1.9m | -47.0% |
| Financial debts | 170/4 | €4,011,173 | €2,123,094 | -€1.9m | -47.1% |
| Credit institutions | 173 | €4,011,173 | €2,123,094 | -€1.9m | -47.1% |
| Other amounts payable | 178/9 | €4,409 | €4,409 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,899,996 | €14,808,376 | -€3.1m | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €1,914,432 | €1,908,812 | -€5,620 | -0.3% |
| Financial debts | 43 | €2,588,060 | €252,036 | -€2.3m | -90.3% |
| Credit institutions | 430/8 | €2,588,060 | €252,036 | -€2.3m | -90.3% |
| Trade debts | 44 | €10,137,129 | €8,201,687 | -€1.9m | -19.1% |
| Suppliers | 440/4 | €10,137,129 | €8,201,687 | -€1.9m | -19.1% |
| Taxes, remuneration and social security | 45 | €674,558 | €837,054 | +€162,496 | +24.1% |
| Taxes | 450/3 | €323,411 | €511,758 | +€188,346 | +58.2% |
| Remuneration and social security | 454/9 | €351,146 | €325,296 | -€25,850 | -7.4% |
| Other amounts payable | 47/48 | €2,585,817 | €3,608,786 | +€1.0m | +39.6% |
| Accrued charges and deferred income | 492/3 | €23,596 | €60,342 | +€36,747 | +155.7% |
| Operating income | 70/76A | €60,923,931 | €59,344,995 | -€1.6m | -2.6% |
| Turnover | 70 | €60,068,498 | €58,441,703 | -€1.6m | -2.7% |
| Other operating income | 74 | €811,073 | €866,783 | +€55,709 | +6.9% |
| Non-recurring operating income | 76A | €44,359 | €36,510 | -€7,850 | -17.7% |
| Operating charges | 60/66A | €57,228,777 | €54,870,424 | -€2.4m | -4.1% |
| Goods for resale, raw materials and consumables | 60 | €47,404,366 | €45,339,710 | -€2.1m | -4.4% |
| Purchases | 600/8 | €45,536,574 | €43,338,497 | -€2.2m | -4.8% |
| Change in stocks: decrease (increase) | 609 | €1,867,793 | €2,001,213 | +€133,421 | +7.1% |
| Services and other goods | 61 | €4,318,914 | €4,988,452 | +€669,538 | +15.5% |
| Remuneration, social security and pensions | 62 | €2,990,426 | €2,948,664 | -€41,762 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,707,042 | €1,921,061 | +€214,019 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €618,279 | -€560,007 | -€1.2m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €188,950 | €230,301 | +€41,352 | +21.9% |
| Non-recurring operating charges | 66A | €800 | €2,242 | +€1,442 | +180.3% |
| Operating profit (loss) | 9901 | €3,695,154 | €4,474,570 | +€779,416 | +21.1% |
| Financial income | 75/76B | €838,782 | €832,017 | -€6,765 | -0.8% |
| Recurring financial income | 75 | €838,782 | €832,017 | -€6,765 | -0.8% |
| Income from current assets | 751 | €665,852 | €560,056 | -€105,796 | -15.9% |
| Other financial income | 752/9 | €172,930 | €271,961 | +€99,031 | +57.3% |
| Financial charges | 65/66B | €410,309 | €452,625 | +€42,316 | +10.3% |
| Recurring financial charges | 65 | €410,309 | €452,625 | +€42,316 | +10.3% |
| Debt charges | 650 | €356,395 | €203,945 | -€152,450 | -42.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | €202,123 | +€202,123 | |
| Other financial charges | 652/9 | €53,914 | €46,557 | -€7,357 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €4,123,627 | €4,853,962 | +€730,336 | +17.7% |
| Transfer from deferred taxes | 780 | €10,684 | €9,615 | -€1,068 | -10.0% |
| Income taxes | 67/77 | €1,199,485 | €951,608 | -€247,876 | -20.7% |
| Taxes | 670/3 | €1,199,485 | €951,608 | -€247,876 | -20.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €2,934,825 | €3,911,969 | +€977,144 | +33.3% |
| Transfer from tax-exempt reserves | 789 | €32,051 | €28,846 | -€3,205 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,966,876 | €3,940,815 | +€973,939 | +32.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.