INTERMAT: what changed
INTERMAT
Largest movements
- Tangible fixed assets +€76,325
up €76,325 (+1,344%), from €5,680 to €82,004
of which Plant, machinery and equipment: +€78,004
- Receivables within one year +€15,831
up €15,831 (+124%), from €12,742 to €28,573
of which Other amounts receivable: +€23,080
- Cash +€6,215
up €6,215 (+6.9%), from €90,641 to €96,856
mainly Other debts (+€68,433) and Net result for the year (+€20,322)
- Other debts +€68,433
up €68,433 (+2,005%), from €3,413 to €71,846
- Profit (loss) carried forward +€16,870
up €16,870 (+489%), from €3,452 to €20,322
- Trade debts +€11,962
up €11,962 (+9,481%), from €126 to €12,089
- Reserves +€3,452
up €3,452 (+3.3%), from €103,371 to €106,823
- Gross operating margin -€6,935
down €6,935 (-16.6%), from €41,753 to €34,819
- Depreciation +€4,342
up €4,342 (+150%), from €2,900 to €7,242
- Taxes +€2,721
up €2,721 (+648%), from €420 to €3,141
- Staff costs +€1,056
up €1,056 (+254%), from €416 to €1,472
- Other operating charges +€853
up €853 (+56.3%), from €1,516 to €2,369
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,013 | €223,693 | +€99,681 | +80.4% |
| Fixed assets | 21/28 | €5,680 | €82,104 | +€76,425 | +1,346% |
| Tangible fixed assets | 22/27 | €5,680 | €82,004 | +€76,325 | +1,344% |
| Plant, machinery and equipment | 23 | - | €78,004 | +€78,004 | |
| Furniture and vehicles | 24 | €5,680 | €4,000 | -€1,680 | -29.6% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €118,333 | €141,589 | +€23,256 | +19.7% |
| Stocks and contracts in progress | 3 | €14,950 | €16,160 | +€1,210 | +8.1% |
| Stocks | 30/36 | €9,950 | €7,160 | -€2,790 | -28.0% |
| Contracts in progress | 37 | €5,000 | €9,000 | +€4,000 | +80.0% |
| Amounts receivable within one year | 40/41 | €12,742 | €28,573 | +€15,831 | +124% |
| Trade receivables | 40 | €7,249 | - | -€7,249 | |
| Other amounts receivable | 41 | €5,493 | €28,573 | +€23,080 | +420% |
| Cash at bank and in hand | 54/58 | €90,641 | €96,856 | +€6,215 | +6.9% |
| Total equity and liabilities | 10/49 | €124,013 | €223,693 | +€99,681 | +80.4% |
| Equity | 10/15 | €119,223 | €139,545 | +€20,322 | +17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,371 | €106,823 | +€3,452 | +3.3% |
| Distributable reserves | 133 | €103,371 | €106,823 | +€3,452 | +3.3% |
| Profit (loss) carried forward | 14 | €3,452 | €20,322 | +€16,870 | +489% |
| Amounts payable | 17/49 | €4,789 | €84,149 | +€79,359 | +1,657% |
| Amounts payable within one year | 42/48 | €4,789 | €84,149 | +€79,359 | +1,657% |
| Trade debts | 44 | €126 | €12,089 | +€11,962 | +9,481% |
| Suppliers | 440/4 | €126 | €12,089 | +€11,962 | +9,481% |
| Taxes, remuneration and social security | 45 | €1,250 | €214 | -€1,036 | -82.9% |
| Taxes | 450/3 | €1,250 | €214 | -€1,036 | -82.9% |
| Other amounts payable | 47/48 | €3,413 | €71,846 | +€68,433 | +2,005% |
| Remuneration, social security and pensions | 62 | €416 | €1,472 | +€1,056 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €7,242 | +€4,342 | +150% |
| Other operating charges | 640/8 | €1,516 | €2,369 | +€853 | +56.3% |
| Gross operating margin | 9900 | €41,753 | €34,819 | -€6,935 | -16.6% |
| Operating profit (loss) | 9901 | €36,922 | €23,736 | -€13,186 | -35.7% |
| Financial income | 75/76B | €60 | €69 | +€9 | +15.0% |
| Recurring financial income | 75 | €60 | €69 | +€9 | +15.0% |
| Financial charges | 65/66B | €319 | €343 | +€24 | +7.5% |
| Recurring financial charges | 65 | €319 | €120 | -€199 | -62.4% |
| Non-recurring financial charges | 66B | - | €223 | +€223 | |
| Profit (loss) for the period before taxes | 9903 | €36,663 | €23,462 | -€13,200 | -36.0% |
| Income taxes | 67/77 | €420 | €3,141 | +€2,721 | +648% |
| Profit (loss) for the period | 9904 | €36,243 | €20,322 | -€15,922 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,243 | €20,322 | -€15,922 | -43.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.