INTERMAT: 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.
What changed
INTERMAT
NACE 77.221, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€684,176
2024 · -€439,913+€1.1m
Equity
€5.9m
2024 · €5.4m+€474,176
Cash
€680,989
2024 · €436,302+€244,687
Balance sheet total
€10.7m
2024 · €10.4m+€263,268
Largest movements
Assets
- Financial fixed assets -€1.9m
down €1.9m (-51.7%), from €3.7m to €1.8m
of which Affiliated companies: -€1.9m
- Receivables within one year +€1.0m
up €1.0m (+49.1%), from €2.1m to €3.2m
of which Trade receivables: +€991,335
- Stocks and contracts +€659,483
up €659,483 (+22.2%), from €3.0m to €3.6m
- Cash +€244,687
up €244,687 (+56.1%), from €436,302 to €680,989
mainly Investment in fixed assets (net) (+€1.3m) and Net result for the year (+€684,176)
- Tangible fixed assets +€229,210
up €229,210 (+24.4%), from €940,129 to €1.2m
of which Leasing and similar rights: +€193,170
Equity and liabilities
- Debts after one year -€964,249
down €964,249 (-58.5%), from €1.6m to €682,789
- Reserves +€474,176
up €474,176 (+10.3%), from €4.6m to €5.1m
of which Distributable reserves: +€1.4m
- Trade debts +€390,416
up €390,416 (+18.0%), from €2.2m to €2.6m
- Tax, wage and social debts +€257,849
up €257,849 (+55.4%), from €465,279 to €723,128
of which Taxes: +€217,647
- Other debts +€213,000
new in 2025: €213,000
Income statement
- Turnover +€2.9m
up €2.9m (+15.1%), from €19.2m to €22.1m
- Goods and materials +€2.4m
up €2.4m (+17.3%), from €13.9m to €16.3m
of which Purchases: +€2.9m
- Financial income +€644,549
up €644,549 (+970%), from €66,461 to €711,010
of which Non-recurring financial income: +€649,430
- Staff costs +€301,618
up €301,618 (+10.8%), from €2.8m to €3.1m
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
-€439,913
Turnover
+€2.9m
Other operating income
+€81,814
Goods and materials
-€2.4m
Services and other goods
+€154,345
Staff costs
-€301,618
Depreciation
+€30,311
Write-downs
+€11,737
Other operating charges
+€9,468
Other operating items
-€25,141
Financial income
+€644,549
Financial charges
+€36,267
Taxes
-€241
Result 2025
€684,176
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€269,442
Investment
+€1.3m
Financing
-€1.3m
Cash 2024
€436,302
From operations (derived)
+€269,442
Net result for the year
+€684,176
Depreciation
+€475,022
Stocks and contracts
-€659,483
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€59,270
Trade debts
+€390,416
Tax, wage and social debts
+€257,849
Advances received
+€13,319
Other debts
+€213,000
Accrued charges and deferred income
-€7,748
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€1.3m
Debts after one year
-€964,249
Current portion of long-term debt
-€13,494
Short-term financial debts
-€100,000
Contributions, distributions and other
-€210,000
Cash 2025
€680,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,408,778 | €10,672,047 | +€263,268 | +2.5% |
| Fixed assets | 21/28 | €4,836,626 | €3,098,615 | -€1.7m | -35.9% |
| Intangible fixed assets | 21 | €225,741 | €156,283 | -€69,459 | -30.8% |
| Tangible fixed assets | 22/27 | €940,129 | €1,169,339 | +€229,210 | +24.4% |
| Plant, machinery and equipment | 23 | €184,731 | €241,032 | +€56,301 | +30.5% |
| Furniture and vehicles | 24 | €24,396 | €63,019 | +€38,623 | +158% |
| Leasing and similar rights | 25 | €398,701 | €591,871 | +€193,170 | +48.4% |
| Other tangible fixed assets | 26 | €332,301 | €273,416 | -€58,884 | -17.7% |
| Financial fixed assets | 28 | €3,670,756 | €1,772,994 | -€1.9m | -51.7% |
| Affiliated companies | 280/1 | €3,637,989 | €1,740,000 | -€1.9m | -52.2% |
| Participating interests | 280 | €3,540,000 | €1,740,000 | -€1.8m | -50.8% |
| Amounts receivable | 281 | €97,989 | - | -€97,989 | |
| Other financial fixed assets | 284/8 | €32,767 | €32,994 | +€226 | +0.7% |
| Amounts receivable and cash guarantees | 285/8 | €32,767 | €32,994 | +€226 | +0.7% |
| Current assets | 29/58 | €5,572,152 | €7,573,432 | +€2.0m | +35.9% |
| Stocks and contracts in progress | 3 | €2,972,174 | €3,631,658 | +€659,483 | +22.2% |
| Stocks | 30/36 | €2,972,174 | €3,631,658 | +€659,483 | +22.2% |
| Goods purchased for resale | 34 | €2,972,174 | €3,631,658 | +€659,483 | +22.2% |
| Amounts receivable within one year | 40/41 | €2,115,534 | €3,153,373 | +€1.0m | +49.1% |
| Trade receivables | 40 | €2,068,342 | €3,059,676 | +€991,335 | +47.9% |
| Other amounts receivable | 41 | €47,192 | €93,696 | +€46,504 | +98.5% |
| Cash at bank and in hand | 54/58 | €436,302 | €680,989 | +€244,687 | +56.1% |
| Deferred charges and accrued income | 490/1 | €48,142 | €107,412 | +€59,270 | +123% |
| Total equity and liabilities | 10/49 | €10,408,778 | €10,672,047 | +€263,268 | +2.5% |
| Equity | 10/15 | €5,403,205 | €5,877,381 | +€474,176 | +8.8% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €4,603,205 | €5,077,381 | +€474,176 | +10.3% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,199,850 | €315,750 | -€884,100 | -73.7% |
| Distributable reserves | 133 | €3,323,355 | €4,681,631 | +€1.4m | +40.9% |
| Amounts payable | 17/49 | €5,005,573 | €4,794,665 | -€210,908 | -4.2% |
| Amounts payable after more than one year | 17 | €1,647,039 | €682,789 | -€964,249 | -58.5% |
| Financial debts | 170/4 | €1,647,039 | €682,789 | -€964,249 | -58.5% |
| Leasing and similar obligations | 172 | €319,370 | €475,631 | +€156,261 | +48.9% |
| Credit institutions | 173 | €1,327,668 | €207,158 | -€1.1m | -84.4% |
| Amounts payable within one year | 42/48 | €3,346,103 | €4,107,193 | +€761,090 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €526,627 | €513,133 | -€13,494 | -2.6% |
| Financial debts | 43 | €155,000 | €55,000 | -€100,000 | -64.5% |
| Credit institutions | 430/8 | €155,000 | €55,000 | -€100,000 | -64.5% |
| Trade debts | 44 | €2,173,893 | €2,564,309 | +€390,416 | +18.0% |
| Suppliers | 440/4 | €2,173,893 | €2,564,309 | +€390,416 | +18.0% |
| Advances received on contracts in progress | 46 | €25,304 | €38,624 | +€13,319 | +52.6% |
| Taxes, remuneration and social security | 45 | €465,279 | €723,128 | +€257,849 | +55.4% |
| Taxes | 450/3 | €149,675 | €367,322 | +€217,647 | +145% |
| Remuneration and social security | 454/9 | €315,604 | €355,806 | +€40,201 | +12.7% |
| Other amounts payable | 47/48 | - | €213,000 | +€213,000 | |
| Accrued charges and deferred income | 492/3 | €12,432 | €4,683 | -€7,748 | -62.3% |
| Operating income | 70/76A | €19,676,554 | €22,665,348 | +€3.0m | +15.2% |
| Turnover | 70 | €19,210,545 | €22,108,642 | +€2.9m | +15.1% |
| Other operating income | 74 | €451,513 | €533,327 | +€81,814 | +18.1% |
| Non-recurring operating income | 76A | €14,496 | €23,379 | +€8,883 | +61.3% |
| Operating charges | 60/66A | €20,053,867 | €22,599,147 | +€2.5m | +12.7% |
| Goods for resale, raw materials and consumables | 60 | €13,922,506 | €16,338,005 | +€2.4m | +17.3% |
| Purchases | 600/8 | €14,160,892 | €17,060,004 | +€2.9m | +20.5% |
| Change in stocks: decrease (increase) | 609 | -€238,386 | -€721,999 | -€483,612 | -203% |
| Services and other goods | 61 | €2,640,812 | €2,486,467 | -€154,345 | -5.8% |
| Remuneration, social security and pensions | 62 | €2,789,830 | €3,091,448 | +€301,618 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505,333 | €475,022 | -€30,311 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €109,381 | €97,644 | -€11,737 | -10.7% |
| Other operating charges | 640/8 | €86,005 | €76,537 | -€9,468 | -11.0% |
| Non-recurring operating charges | 66A | - | €34,024 | +€34,024 | |
| Operating profit (loss) | 9901 | -€377,313 | €66,201 | +€443,514 | |
| Financial income | 75/76B | €66,461 | €711,010 | +€644,549 | +970% |
| Recurring financial income | 75 | €66,461 | €61,580 | -€4,881 | -7.3% |
| Income from current assets | 751 | €12,526 | €4,228 | -€8,298 | -66.2% |
| Other financial income | 752/9 | €53,935 | €57,352 | +€3,417 | +6.3% |
| Non-recurring financial income | 76B | - | €649,430 | +€649,430 | |
| Financial charges | 65/66B | €127,492 | €91,225 | -€36,267 | -28.4% |
| Recurring financial charges | 65 | €127,492 | €91,225 | -€36,267 | -28.4% |
| Debt charges | 650 | €96,537 | €60,128 | -€36,409 | -37.7% |
| Other financial charges | 652/9 | €30,954 | €31,096 | +€142 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€438,344 | €685,986 | +€1.1m | |
| Income taxes | 67/77 | €1,569 | €1,810 | +€241 | +15.4% |
| Taxes | 670/3 | €1,569 | €1,810 | +€241 | +15.4% |
| Profit (loss) for the period | 9904 | -€439,913 | €684,176 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €390,222 | €884,100 | +€493,878 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,690 | €1,568,276 | +€1.6m |
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 13 October 2026 via checked.be.