INTERMAIDE: 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.
INTERMAIDE
Largest movements
- Cash +€235,808
up €235,808 (+2936.6%), from €8,030 to €243,838
mainly Receivables within one year (+€127,040) and Net result for the year (+€70,773)
- Receivables within one year -€127,040
down €127,040 (-54.7%), from €232,365 to €105,325
- Tangible fixed assets -€5,815
down €5,815 (-20.4%), from €28,441 to €22,626
of which Plant, machinery and equipment: -€4,455
- Reserves +€55,000
up €55,000 (+157.1%), from €35,000 to €90,000
- Debts within one year +€33,080
up €33,080 (+16.0%), from €206,929 to €240,009
of which Tax, wage and social debts: +€36,748
- Profit (loss) carried forward +€15,773
up €15,773 (+132.8%), from €11,881 to €27,654
- Investment grants -€3,900
down €3,900 (-25.0%), from €15,600 to €11,700
- Gross operating margin +€160,379
up €160,379 (+17.2%), from €932,296 to €1.1m
- Staff costs +€119,270
up €119,270 (+13.3%), from €894,890 to €1.0m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,410 | €372,363 | +€102,953 | +38.2% |
| Fixed assets | 21/28 | €29,015 | €23,200 | -€5,815 | -20.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €28,441 | €22,626 | -€5,815 | -20.4% |
| Land and buildings | 22 | €11,117 | €9,757 | -€1,360 | -12.2% |
| Plant, machinery and equipment | 23 | €17,324 | €12,869 | -€4,455 | -25.7% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €574 | €574 | = | 0.0% |
| Current assets | 29/58 | €240,395 | €349,163 | +€108,768 | +45.2% |
| Amounts receivable within one year | 40/41 | €232,365 | €105,325 | -€127,040 | -54.7% |
| Other amounts receivable | 41 | €232,365 | €105,325 | -€127,040 | -54.7% |
| Cash at bank and in hand | 54/58 | €8,030 | €243,838 | +€235,808 | +2936.6% |
| Total equity and liabilities | 10/49 | €269,410 | €372,363 | +€102,953 | +38.2% |
| Equity | 10/15 | €62,481 | €129,354 | +€66,873 | +107.0% |
| Reserves | 13 | €35,000 | €90,000 | +€55,000 | +157.1% |
| Profit (loss) carried forward | 14 | €11,881 | €27,654 | +€15,773 | +132.8% |
| Investment grants | 15 | €15,600 | €11,700 | -€3,900 | -25.0% |
| Provisions and deferred taxes | 16 | - | €3,000 | +€3,000 | |
| Provisions for liabilities and charges | 160/5 | - | €3,000 | +€3,000 | |
| Pensions and similar obligations | 160 | - | €3,000 | +€3,000 | |
| Amounts payable | 17/49 | €206,929 | €240,009 | +€33,080 | +16.0% |
| Amounts payable within one year | 42/48 | €206,929 | €240,009 | +€33,080 | +16.0% |
| Trade debts | 44 | €7,407 | €3,739 | -€3,668 | -49.5% |
| Suppliers | 440/4 | €7,407 | €3,739 | -€3,668 | -49.5% |
| Taxes, remuneration and social security | 45 | €114,873 | €151,621 | +€36,748 | +32.0% |
| Taxes | 450/3 | €8,259 | €10,678 | +€2,419 | +29.3% |
| Remuneration and social security | 454/9 | €106,614 | €140,943 | +€34,329 | +32.2% |
| Turnover | 70 | €48,962 | €47,468 | -€1,494 | -3.1% |
| Non-recurring operating income | 76A | €10,085 | €5,768 | -€4,317 | -42.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,754 | €158,096 | +€342 | +0.2% |
| Remuneration, social security and pensions | 62 | €894,890 | €1,014,160 | +€119,270 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,014 | €7,175 | +€161 | +2.3% |
| Other operating charges | 640/8 | €352 | €276 | -€76 | -21.6% |
| Non-recurring operating charges | 66A | €8,321 | - | -€8,321 | |
| Gross operating margin | 9900 | €932,296 | €1,092,675 | +€160,379 | +17.2% |
| Operating profit (loss) | 9901 | €21,719 | €71,064 | +€49,345 | +227.2% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €349 | €308 | -€41 | -11.7% |
| Recurring financial charges | 65 | €349 | €308 | -€41 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €21,370 | €70,773 | +€49,403 | +231.2% |
| Profit (loss) for the period | 9904 | €21,370 | €70,773 | +€49,403 | +231.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,370 | €70,773 | +€49,403 | +231.2% |
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 5 October 2026 via checked.be.