INTERMACK: 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.
INTERMACK
Largest movements
- Stocks and contracts +€657,826
new in 2024: €657,826
- Cash -€552,366
down €552,366 (-91.1%), from €606,393 to €54,027
mainly Other debts (-€964,786) and Stocks and contracts (-€657,826)
- Receivables within one year +€109,592
up €109,592 (+17.8%), from €614,704 to €724,295
of which Trade receivables: +€109,592
- Tangible fixed assets -€43,046
down €43,046 (-9.0%), from €477,227 to €434,182
of which Land and buildings: -€36,984
- Other debts -€964,786
down €964,786 (-45.1%), from €2.1m to €1.2m
- Advances received +€673,819
new in 2024: €673,819
- Reserves +€312,908
up €312,908 (+34.9%), from €896,526 to €1.2m
of which Distributable reserves: +€312,908
- Accrued charges and deferred income +€104,743
new in 2024: €104,743
- Trade debts +€60,078
up €60,078 (+2357.8%), from €2,548 to €62,626
- Gross operating margin -€350,132
down €350,132 (-37.2%), from €941,553 to €591,421
- Taxes -€184,136
down €184,136 (-63.0%), from €292,248 to €108,113
- Financial charges +€104,521
up €104,521 (+24213.8%), from €432 to €104,953
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,631,657 | €3,803,663 | +€172,006 | +4.7% |
| Fixed assets | 21/28 | €2,410,561 | €2,367,515 | -€43,046 | -1.8% |
| Tangible fixed assets | 22/27 | €477,227 | €434,182 | -€43,046 | -9.0% |
| Land and buildings | 22 | €431,076 | €394,091 | -€36,984 | -8.6% |
| Plant, machinery and equipment | 23 | €0 | €3,515 | +€3,515 | +35145200.0% |
| Furniture and vehicles | 24 | €46,152 | €36,576 | -€9,576 | -20.7% |
| Financial fixed assets | 28 | €1,933,333 | €1,933,333 | = | 0.0% |
| Current assets | 29/58 | €1,221,096 | €1,436,148 | +€215,052 | +17.6% |
| Stocks and contracts in progress | 3 | - | €657,826 | +€657,826 | |
| Stocks | 30/36 | - | €657,826 | +€657,826 | |
| Amounts receivable within one year | 40/41 | €614,704 | €724,295 | +€109,592 | +17.8% |
| Trade receivables | 40 | €609,411 | €719,003 | +€109,592 | +18.0% |
| Other amounts receivable | 41 | €5,292 | €5,292 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €606,393 | €54,027 | -€552,366 | -91.1% |
| Total equity and liabilities | 10/49 | €3,631,657 | €3,803,663 | +€172,006 | +4.7% |
| Equity | 10/15 | €1,266,526 | €1,579,435 | +€312,908 | +24.7% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Capital | 10 | €370,000 | €370,000 | = | 0.0% |
| Issued capital | 100 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €896,526 | €1,209,435 | +€312,908 | +34.9% |
| Non-distributable reserves | 130/1 | €37,052 | €37,052 | = | 0.0% |
| Legal reserve | 130 | €37,052 | €37,052 | = | 0.0% |
| Distributable reserves | 133 | €859,475 | €1,172,383 | +€312,908 | +36.4% |
| Amounts payable | 17/49 | €2,365,131 | €2,224,228 | -€140,902 | -6.0% |
| Amounts payable within one year | 42/48 | €2,365,131 | €2,119,485 | -€245,646 | -10.4% |
| Trade debts | 44 | €2,548 | €62,626 | +€60,078 | +2357.8% |
| Suppliers | 440/4 | €2,548 | €62,626 | +€60,078 | +2357.8% |
| Advances received on contracts in progress | 46 | - | €673,819 | +€673,819 | |
| Taxes, remuneration and social security | 45 | €223,128 | €208,373 | -€14,756 | -6.6% |
| Taxes | 450/3 | €223,128 | €208,373 | -€14,756 | -6.6% |
| Other amounts payable | 47/48 | €2,139,454 | €1,174,668 | -€964,786 | -45.1% |
| Accrued charges and deferred income | 492/3 | - | €104,743 | +€104,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,019 | €63,281 | +€1,261 | +2.0% |
| Other operating charges | 640/8 | €3,684 | €2,270 | -€1,414 | -38.4% |
| Gross operating margin | 9900 | €941,553 | €591,421 | -€350,132 | -37.2% |
| Operating profit (loss) | 9901 | €875,850 | €525,870 | -€349,980 | -40.0% |
| Financial income | 75/76B | €492 | €104 | -€388 | -78.8% |
| Recurring financial income | 75 | €492 | €104 | -€388 | -78.8% |
| Financial charges | 65/66B | €432 | €104,953 | +€104,521 | +24213.8% |
| Recurring financial charges | 65 | €432 | €104,953 | +€104,521 | +24213.8% |
| Profit (loss) for the period before taxes | 9903 | €875,910 | €421,021 | -€454,889 | -51.9% |
| Income taxes | 67/77 | €292,248 | €108,113 | -€184,136 | -63.0% |
| Profit (loss) for the period | 9904 | €583,662 | €312,908 | -€270,753 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €583,662 | €312,908 | -€270,753 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.