INTERMAISON: 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.
INTERMAISON
Largest movements
- Receivables within one year -€109,408
down €109,408 (-43.9%), from €249,421 to €140,012
of which Trade receivables: -€170,526
- Stocks and contracts +€104,250
up €104,250 (+7.1%), from €1.5m to €1.6m
- Tangible fixed assets -€40,397
down €40,397 (-5.6%), from €717,011 to €676,614
of which Land and buildings: -€32,588
- Debts after one year -€51,015
down €51,015 (-10.2%), from €502,521 to €451,506
- Trade debts +€46,848
up €46,848 (+33.2%), from €141,298 to €188,146
- Other debts -€32,076
down €32,076 (-1.6%), from €2.0m to €2.0m
- Gross operating margin -€163,531
down €163,531 (-65.8%), from €248,396 to €84,865
- Financial income +€68,814
up €68,814 (+112940.0%), from €61 to €68,875
- Financial charges -€9,719
down €9,719 (-12.9%), from €75,132 to €65,413
- Depreciation -€5,175
down €5,175 (-7.2%), from €72,232 to €67,057
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 | €2,927,045 | €2,897,967 | -€29,078 | -1.0% |
| Fixed assets | 21/28 | €1,182,523 | €1,142,126 | -€40,397 | -3.4% |
| Tangible fixed assets | 22/27 | €717,011 | €676,614 | -€40,397 | -5.6% |
| Land and buildings | 22 | €692,624 | €660,036 | -€32,588 | -4.7% |
| Plant, machinery and equipment | 23 | €13,137 | €12,828 | -€308 | -2.3% |
| Furniture and vehicles | 24 | €11,250 | €3,750 | -€7,500 | -66.7% |
| Financial fixed assets | 28 | €465,512 | €465,512 | = | 0.0% |
| Current assets | 29/58 | €1,744,522 | €1,755,840 | +€11,319 | +0.6% |
| Stocks and contracts in progress | 3 | €1,470,143 | €1,574,393 | +€104,250 | +7.1% |
| Stocks | 30/36 | €1,470,143 | €1,574,393 | +€104,250 | +7.1% |
| Amounts receivable within one year | 40/41 | €249,421 | €140,012 | -€109,408 | -43.9% |
| Trade receivables | 40 | €216,596 | €46,071 | -€170,526 | -78.7% |
| Other amounts receivable | 41 | €32,824 | €93,942 | +€61,118 | +186.2% |
| Cash at bank and in hand | 54/58 | €2,978 | €21,627 | +€18,649 | +626.2% |
| Deferred charges and accrued income | 490/1 | €21,981 | €19,809 | -€2,172 | -9.9% |
| Total equity and liabilities | 10/49 | €2,927,045 | €2,897,967 | -€29,078 | -1.0% |
| Equity | 10/15 | €177,150 | €192,015 | +€14,865 | +8.4% |
| Contributions | 10/11 | €298,600 | €298,600 | = | 0.0% |
| Capital | 10 | €298,600 | €298,600 | = | 0.0% |
| Issued capital | 100 | €298,600 | €298,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,450 | -€107,585 | +€14,865 | +12.1% |
| Amounts payable | 17/49 | €2,749,895 | €2,705,952 | -€43,943 | -1.6% |
| Amounts payable after more than one year | 17 | €502,521 | €451,506 | -€51,015 | -10.2% |
| Financial debts | 170/4 | €502,521 | €451,506 | -€51,015 | -10.2% |
| Amounts payable within one year | 42/48 | €2,244,932 | €2,252,004 | +€7,071 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €64,822 | €63,145 | -€1,677 | -2.6% |
| Trade debts | 44 | €141,298 | €188,146 | +€46,848 | +33.2% |
| Suppliers | 440/4 | €141,298 | €188,146 | +€46,848 | +33.2% |
| Taxes, remuneration and social security | 45 | €10,259 | €4,235 | -€6,024 | -58.7% |
| Taxes | 450/3 | €10,259 | €4,235 | -€6,024 | -58.7% |
| Other amounts payable | 47/48 | €2,028,553 | €1,996,477 | -€32,076 | -1.6% |
| Accrued charges and deferred income | 492/3 | €2,441 | €2,441 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €367 | €378 | +€11 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,232 | €67,057 | -€5,175 | -7.2% |
| Other operating charges | 640/8 | €6,824 | €6,026 | -€798 | -11.7% |
| Gross operating margin | 9900 | €248,396 | €84,865 | -€163,531 | -65.8% |
| Operating profit (loss) | 9901 | €168,973 | €11,404 | -€157,569 | -93.3% |
| Financial income | 75/76B | €61 | €68,875 | +€68,814 | +112940.0% |
| Recurring financial income | 75 | €61 | €68,875 | +€68,814 | +112940.0% |
| Financial charges | 65/66B | €75,132 | €65,413 | -€9,719 | -12.9% |
| Recurring financial charges | 65 | €75,132 | €65,413 | -€9,719 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €93,901 | €14,865 | -€79,036 | -84.2% |
| Profit (loss) for the period | 9904 | €93,901 | €14,865 | -€79,036 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,901 | €14,865 | -€79,036 | -84.2% |
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 9 October 2026 via checked.be.