INTERGROW TECHNICS: 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 TECHNICS
NACE 46.852, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€542,115
2024 · €667,434-€125,319
Equity
€5.0m
2024 · €4.5m+€542,115
Cash
€2.8m
2024 · €3.8m-€1.0m
Balance sheet total
€15.5m
2024 · €19.1m-€3.6m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-24.8%), from €7.9m to €5.9m
of which Trade receivables: -€1.1m
- Cash -€1.0m
down €1.0m (-27.1%), from €3.8m to €2.8m
mainly Other debts (-€3.8m) and Trade debts (-€154,761)
- Stocks and contracts -€506,582
down €506,582 (-7.5%), from €6.8m to €6.3m
Equity and liabilities
- Other debts -€3.8m
down €3.8m (-100.0%), from €3.8m to €0
- Reserves +€542,115
up €542,115 (+21.7%), from €2.5m to €3.0m
of which Distributable reserves: +€542,115
Income statement
- Turnover -€3.4m
down €3.4m (-11.3%), from €30.1m to €26.7m
- Goods and materials -€3.4m
down €3.4m (-13.2%), from €25.9m to €22.5m
of which Change in stocks: decrease (increase): -€2.9m
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
€667,434
Turnover
-€3.4m
Other operating income
-€10,221
Goods and materials
+€3.4m
Services and other goods
-€78,026
Staff costs
+€165,240
Depreciation
+€58,663
Write-downs
-€99,654
Other operating charges
-€4,538
Other operating items
-€246,648
Financial income
+€52,345
Financial charges
+€89,310
Taxes
-€41,966
Result 2025
€542,115
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
-€843,258
Investment
-€153,006
Financing
-€43,019
Cash 2024
€3.8m
From operations (derived)
-€843,258
Net result for the year
+€542,115
Depreciation
+€210,331
Stocks and contracts
+€506,582
Receivables within one year
+€2.0m
Deferred charges and accrued income
+€24,071
Trade debts
-€154,761
Tax, wage and social debts
-€15,213
Other debts
-€3.8m
Accrued charges and deferred income
-€76,885
Investment (derived)
-€153,006
Investment in fixed assets (net)
-€153,006
Financing
-€43,019
Debts after one year
-€44,792
Current portion of long-term debt
+€1,773
Cash 2025
€2.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,125,518 | €15,545,312 | -€3.6m | -18.7% |
| Fixed assets | 21/28 | €618,736 | €561,411 | -€57,325 | -9.3% |
| Intangible fixed assets | 21 | €63,952 | €28,952 | -€35,000 | -54.7% |
| Tangible fixed assets | 22/27 | €550,973 | €532,459 | -€18,514 | -3.4% |
| Plant, machinery and equipment | 23 | €60,211 | €46,912 | -€13,299 | -22.1% |
| Furniture and vehicles | 24 | €470,402 | €442,095 | -€28,308 | -6.0% |
| Other tangible fixed assets | 26 | €20,360 | €43,452 | +€23,093 | +113.4% |
| Financial fixed assets | 28 | €3,811 | €0 | -€3,811 | -100.0% |
| Other financial fixed assets | 284/8 | €3,811 | €0 | -€3,811 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,811 | €0 | -€3,811 | -100.0% |
| Current assets | 29/58 | €18,506,782 | €14,983,901 | -€3.5m | -19.0% |
| Stocks and contracts in progress | 3 | €6,764,977 | €6,258,395 | -€506,582 | -7.5% |
| Stocks | 30/36 | €6,764,977 | €6,258,395 | -€506,582 | -7.5% |
| Goods purchased for resale | 34 | €6,764,977 | €6,258,395 | -€506,582 | -7.5% |
| Amounts receivable within one year | 40/41 | €7,859,533 | €5,906,588 | -€2.0m | -24.8% |
| Trade receivables | 40 | €5,946,683 | €4,861,982 | -€1.1m | -18.2% |
| Other amounts receivable | 41 | €1,912,850 | €1,044,606 | -€868,243 | -45.4% |
| Cash at bank and in hand | 54/58 | €3,834,688 | €2,795,405 | -€1.0m | -27.1% |
| Deferred charges and accrued income | 490/1 | €47,584 | €23,513 | -€24,071 | -50.6% |
| Total equity and liabilities | 10/49 | €19,125,518 | €15,545,312 | -€3.6m | -18.7% |
| Equity | 10/15 | €4,500,618 | €5,042,733 | +€542,115 | +12.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €2,500,618 | €3,042,733 | +€542,115 | +21.7% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €2,300,618 | €2,842,733 | +€542,115 | +23.6% |
| Provisions and deferred taxes | 16 | €250,000 | €250,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €250,000 | €250,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable | 17/49 | €14,374,900 | €10,252,579 | -€4.1m | -28.7% |
| Amounts payable after more than one year | 17 | €7,579,594 | €7,534,802 | -€44,792 | -0.6% |
| Financial debts | 170/4 | €79,594 | €34,802 | -€44,792 | -56.3% |
| Credit institutions | 173 | €79,594 | €34,802 | -€44,792 | -56.3% |
| Other amounts payable | 178/9 | €7,500,000 | €7,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,360,935 | €2,360,291 | -€4.0m | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €43,019 | €44,792 | +€1,773 | +4.1% |
| Trade debts | 44 | €2,094,121 | €1,939,360 | -€154,761 | -7.4% |
| Suppliers | 440/4 | €2,094,121 | €1,939,360 | -€154,761 | -7.4% |
| Taxes, remuneration and social security | 45 | €391,353 | €376,139 | -€15,213 | -3.9% |
| Taxes | 450/3 | €150,548 | €160,575 | +€10,026 | +6.7% |
| Remuneration and social security | 454/9 | €240,804 | €215,564 | -€25,240 | -10.5% |
| Other amounts payable | 47/48 | €3,832,442 | €0 | -€3.8m | -100.0% |
| Accrued charges and deferred income | 492/3 | €434,372 | €357,487 | -€76,885 | -17.7% |
| Operating income | 70/76A | €30,218,822 | €26,824,269 | -€3.4m | -11.2% |
| Turnover | 70 | €30,149,790 | €26,731,700 | -€3.4m | -11.3% |
| Other operating income | 74 | €65,242 | €55,020 | -€10,221 | -15.7% |
| Non-recurring operating income | 76A | €3,790 | €37,549 | +€33,759 | +890.7% |
| Operating charges | 60/66A | €29,187,171 | €26,017,626 | -€3.2m | -10.9% |
| Goods for resale, raw materials and consumables | 60 | €25,877,361 | €22,469,093 | -€3.4m | -13.2% |
| Purchases | 600/8 | €22,403,377 | €21,926,194 | -€477,182 | -2.1% |
| Change in stocks: decrease (increase) | 609 | €3,473,985 | €542,899 | -€2.9m | -84.4% |
| Services and other goods | 61 | €1,271,438 | €1,349,465 | +€78,026 | +6.1% |
| Remuneration, social security and pensions | 62 | €2,186,079 | €2,020,839 | -€165,240 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,995 | €210,331 | -€58,663 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€433,262 | -€333,608 | +€99,654 | +23.0% |
| Other operating charges | 640/8 | €16,560 | €21,099 | +€4,538 | +27.4% |
| Non-recurring operating charges | 66A | - | €280,408 | +€280,408 | |
| Operating profit (loss) | 9901 | €1,031,651 | €806,643 | -€225,007 | -21.8% |
| Financial income | 75/76B | €172,897 | €225,241 | +€52,345 | +30.3% |
| Recurring financial income | 75 | €172,897 | €225,241 | +€52,345 | +30.3% |
| Income from current assets | 751 | €164,522 | €23,513 | -€141,009 | -85.7% |
| Other financial income | 752/9 | €8,375 | €201,728 | +€193,353 | +2308.7% |
| Financial charges | 65/66B | €466,814 | €377,504 | -€89,310 | -19.1% |
| Recurring financial charges | 65 | €466,814 | €377,504 | -€89,310 | -19.1% |
| Debt charges | 650 | €440,303 | €361,655 | -€78,648 | -17.9% |
| Other financial charges | 652/9 | €26,511 | €15,849 | -€10,662 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €737,734 | €654,381 | -€83,353 | -11.3% |
| Income taxes | 67/77 | €70,300 | €112,266 | +€41,966 | +59.7% |
| Taxes | 670/3 | €80,736 | €118,000 | +€37,264 | +46.2% |
| Tax adjustments and reversals of tax provisions | 77 | €10,437 | €5,734 | -€4,702 | -45.1% |
| Profit (loss) for the period | 9904 | €667,434 | €542,115 | -€125,319 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €667,434 | €542,115 | -€125,319 | -18.8% |
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 3 October 2026 via checked.be.