INTERMEDIANCE & PARTNERS: 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.
INTERMEDIANCE & PARTNERS
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+25.5%), from €7.6m to €9.6m
of which Trade receivables: +€1.9m
- Cash +€1.3m
up €1.3m (+14.6%), from €9.0m to €10.3m
mainly Net result for the year (+€2.5m) and Trade debts (+€1.9m)
- Intangible fixed assets -€404,440
down €404,440 (-31.1%), from €1.3m to €896,014
- Trade debts +€1.9m
up €1.9m (+20.9%), from €9.1m to €10.9m
- Other debts +€549,290
up €549,290 (+32.7%), from €1.7m to €2.2m
- Tax, wage and social debts +€369,108
up €369,108 (+26.8%), from €1.4m to €1.7m
of which Taxes: +€398,439
- Short-term financial debts +€250,000
new in 2024: €250,000
- Debts after one year -€225,841
down €225,841 (-15.4%), from €1.5m to €1.2m
- Gross operating margin +€588,784
up €588,784 (+12.8%), from €4.6m to €5.2m
- Taxes +€320,571
up €320,571 (+50.6%), from €633,599 to €954,171
- Staff costs -€293,850
down €293,850 (-18.6%), from €1.6m to €1.3m
- Depreciation -€169,827
down €169,827 (-28.8%), from €589,765 to €419,938
- Financial income +€55,816
up €55,816 (+980%), from €5,694 to €61,510
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.
Derived cash bridge
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 | €18,068,606 | €20,927,141 | +€2.9m | +15.8% |
| Fixed assets | 21/28 | €1,400,360 | €983,889 | -€416,470 | -29.7% |
| Intangible fixed assets | 21 | €1,300,455 | €896,014 | -€404,440 | -31.1% |
| Tangible fixed assets | 22/27 | €34,286 | €22,210 | -€12,076 | -35.2% |
| Furniture and vehicles | 24 | €27,146 | €16,927 | -€10,220 | -37.6% |
| Other tangible fixed assets | 26 | €7,140 | €5,283 | -€1,857 | -26.0% |
| Financial fixed assets | 28 | €65,619 | €65,665 | +€46 | +0.1% |
| Current assets | 29/58 | €16,668,246 | €19,943,251 | +€3.3m | +19.6% |
| Amounts receivable within one year | 40/41 | €7,644,134 | €9,592,284 | +€1.9m | +25.5% |
| Trade receivables | 40 | €7,585,855 | €9,524,004 | +€1.9m | +25.5% |
| Other amounts receivable | 41 | €58,279 | €68,279 | +€10,000 | +17.2% |
| Cash at bank and in hand | 54/58 | €8,981,493 | €10,296,456 | +€1.3m | +14.6% |
| Deferred charges and accrued income | 490/1 | €42,619 | €54,511 | +€11,892 | +27.9% |
| Total equity and liabilities | 10/49 | €18,068,606 | €20,927,141 | +€2.9m | +15.8% |
| Equity | 10/15 | €2,977,554 | €2,947,776 | -€29,777 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €790,468 | €790,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €484,747 | €430,887 | -€53,861 | -11.1% |
| Distributable reserves | 133 | €303,861 | €357,722 | +€53,861 | +17.7% |
| Profit (loss) carried forward | 14 | €2,168,485 | €2,138,708 | -€29,777 | -1.4% |
| Amounts payable | 17/49 | €15,091,052 | €17,979,364 | +€2.9m | +19.1% |
| Amounts payable after more than one year | 17 | €1,468,609 | €1,242,768 | -€225,841 | -15.4% |
| Financial debts | 170/4 | €1,468,609 | €1,242,768 | -€225,841 | -15.4% |
| Amounts payable within one year | 42/48 | €12,333,985 | €15,400,725 | +€3.1m | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €224,282 | €232,510 | +€8,228 | +3.7% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €9,050,762 | €10,940,874 | +€1.9m | +20.9% |
| Suppliers | 440/4 | €9,050,762 | €10,940,874 | +€1.9m | +20.9% |
| Taxes, remuneration and social security | 45 | €1,379,307 | €1,748,415 | +€369,108 | +26.8% |
| Taxes | 450/3 | €1,172,761 | €1,571,200 | +€398,439 | +34.0% |
| Remuneration and social security | 454/9 | €206,545 | €177,214 | -€29,331 | -14.2% |
| Other amounts payable | 47/48 | €1,679,635 | €2,228,925 | +€549,290 | +32.7% |
| Accrued charges and deferred income | 492/3 | €1,288,458 | €1,335,872 | +€47,414 | +3.7% |
| Non-recurring operating income | 76A | - | €52,804 | +€52,804 | |
| Remuneration, social security and pensions | 62 | €1,575,953 | €1,282,104 | -€293,850 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589,765 | €419,938 | -€169,827 | -28.8% |
| Other operating charges | 640/8 | €56,874 | €11,060 | -€45,814 | -80.6% |
| Non-recurring operating charges | 66A | €15,439 | €3,600 | -€11,839 | -76.7% |
| Gross operating margin | 9900 | €4,603,420 | €5,192,204 | +€588,784 | +12.8% |
| Operating profit (loss) | 9901 | €2,365,388 | €3,475,502 | +€1.1m | +46.9% |
| Financial income | 75/76B | €5,694 | €61,510 | +€55,816 | +980% |
| Recurring financial income | 75 | €5,694 | €61,510 | +€55,816 | +980% |
| Financial charges | 65/66B | €149,871 | €112,619 | -€37,252 | -24.9% |
| Recurring financial charges | 65 | €149,871 | €112,619 | -€37,252 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €2,221,211 | €3,424,393 | +€1.2m | +54.2% |
| Income taxes | 67/77 | €633,599 | €954,171 | +€320,571 | +50.6% |
| Profit (loss) for the period | 9904 | €1,587,612 | €2,470,223 | +€882,610 | +55.6% |
| Transfer to tax-exempt reserves | 689 | €538,608 | - | -€538,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,049,004 | €2,470,223 | +€1.4m | +135% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.