INTERMEDIAT: what changed
What changed
INTERMEDIAT
NACE 80.010, Investigation and private security services
filed annual accounts (NBB)
Net result for the year
€105,148
2024 · €182,225-€77,078
Equity
€328,666
2024 · €223,518+€105,148
Cash
€233,594
2024 · €240,938-€7,344
Balance sheet total
€376,332
2024 · €429,497-€53,165
Largest movements
Assets
- Receivables within one year -€46,265
down €46,265 (-25.8%), from €179,523 to €133,258
of which Trade receivables: -€91,352
- Cash -€7,344
down €7,344 (-3.0%), from €240,938 to €233,594
mainly Other debts (-€154,033) and Tax, wage and social debts (-€9,871)
Equity and liabilities
- Other debts -€154,033
down €154,033 (-85.1%), from €181,083 to €27,049
- Reserves +€105,148
up €105,148 (+65.5%), from €160,518 to €265,666
of which Distributable reserves: +€105,148
- Trade debts +€12,649
up €12,649 (+185%), from €6,820 to €19,468
- Tax, wage and social debts -€9,871
down €9,871 (-89.6%), from €11,020 to €1,149
of which Taxes: -€9,871
- Short-term financial debts -€6,824
down €6,824 (-100%), from €6,824 to €0
Income statement
- Gross operating margin -€154,749
down €154,749 (-49.8%), from €310,888 to €156,140
- Staff costs -€55,986
down €55,986 (-99.7%), from €56,177 to €191
- Taxes -€24,994
down €24,994 (-39.8%), from €62,851 to €37,856
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.
Result 2024
€182,225
Gross operating margin
-€154,749
Staff costs
+€55,986
Depreciation
+€44
Other operating charges
+€1,336
Other operating items
-€6,600
Financial income
+€23
Financial charges
+€1,887
Taxes
+€24,994
Result 2025
€105,148
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4,173
Investment
-€4,693
Financing
-€6,824
Cash 2024
€240,938
From operations (derived)
+€4,173
Net result for the year
+€105,148
Depreciation
+€2,034
Receivables within one year
+€46,265
Deferred charges and accrued income
+€2,214
Trade debts
+€12,649
Tax, wage and social debts
-€9,871
Other debts
-€154,033
Accrued charges and deferred income
-€233
Investment (derived)
-€4,693
Investment in fixed assets (net)
-€4,693
Financing
-€6,824
Short-term financial debts
-€6,824
Cash 2025
€233,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,497 | €376,332 | -€53,165 | -12.4% |
| Fixed assets | 21/28 | €6,822 | €9,481 | +€2,659 | +39.0% |
| Tangible fixed assets | 22/27 | €3,297 | €5,956 | +€2,659 | +80.7% |
| Plant, machinery and equipment | 23 | €1,408 | €4,932 | +€3,524 | +250% |
| Furniture and vehicles | 24 | €1,889 | €1,024 | -€865 | -45.8% |
| Financial fixed assets | 28 | €3,525 | €3,525 | = | 0.0% |
| Current assets | 29/58 | €422,675 | €366,851 | -€55,824 | -13.2% |
| Amounts receivable within one year | 40/41 | €179,523 | €133,258 | -€46,265 | -25.8% |
| Trade receivables | 40 | €172,344 | €80,991 | -€91,352 | -53.0% |
| Other amounts receivable | 41 | €7,179 | €52,266 | +€45,087 | +628% |
| Cash at bank and in hand | 54/58 | €240,938 | €233,594 | -€7,344 | -3.0% |
| Deferred charges and accrued income | 490/1 | €2,214 | €0 | -€2,214 | -100% |
| Total equity and liabilities | 10/49 | €429,497 | €376,332 | -€53,165 | -12.4% |
| Equity | 10/15 | €223,518 | €328,666 | +€105,148 | +47.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €160,518 | €265,666 | +€105,148 | +65.5% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €154,218 | €259,366 | +€105,148 | +68.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,978 | €47,666 | -€158,312 | -76.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €205,746 | €47,666 | -€158,079 | -76.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,824 | €0 | -€6,824 | -100% |
| Credit institutions | 430/8 | €6,824 | €0 | -€6,824 | -100% |
| Trade debts | 44 | €6,820 | €19,468 | +€12,649 | +185% |
| Suppliers | 440/4 | €6,820 | €19,468 | +€12,649 | +185% |
| Taxes, remuneration and social security | 45 | €11,020 | €1,149 | -€9,871 | -89.6% |
| Taxes | 450/3 | €11,020 | €1,149 | -€9,871 | -89.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €181,083 | €27,049 | -€154,033 | -85.1% |
| Accrued charges and deferred income | 492/3 | €233 | €0 | -€233 | -100% |
| Remuneration, social security and pensions | 62 | €56,177 | €191 | -€55,986 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €2,034 | -€44 | -2.1% |
| Other operating charges | 640/8 | €2,122 | €785 | -€1,336 | -63.0% |
| Non-recurring operating charges | 66A | €2,869 | €9,468 | +€6,600 | +230% |
| Gross operating margin | 9900 | €310,888 | €156,140 | -€154,749 | -49.8% |
| Operating profit (loss) | 9901 | €247,643 | €143,661 | -€103,982 | -42.0% |
| Financial income | 75/76B | €0 | €23 | +€23 | |
| Recurring financial income | 75 | €0 | €23 | +€23 | |
| Financial charges | 65/66B | €2,567 | €679 | -€1,887 | -73.5% |
| Recurring financial charges | 65 | €2,567 | €679 | -€1,887 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €245,076 | €143,004 | -€102,072 | -41.6% |
| Income taxes | 67/77 | €62,851 | €37,856 | -€24,994 | -39.8% |
| Profit (loss) for the period | 9904 | €182,225 | €105,148 | -€77,078 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,225 | €105,148 | -€77,078 | -42.3% |
Next steps
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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 4 November 2026 via checked.be.