INTERMEDIM: what changed
Two fiscal 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.
INTERMEDIM
Largest movements
- Tangible fixed assets -€105,147
down €105,147 (-5.8%), from €1.8m to €1.7m
of which Land and buildings: -€101,403
- Cash +€22,446
up €22,446 (+7.6%), from €296,108 to €318,554
mainly Net result for the year (+€123,941) and Depreciation (+€105,147)
- Debts after one year -€146,955
down €146,955 (-11.5%), from €1.3m to €1.1m
of which Financial debts: -€148,555
- Other debts +€83,833
up €83,833 (+30.1%), from €278,217 to €362,050
- Tax, wage and social debts -€46,272
no longer reported in 2025 (was €46,272)
- Profit (loss) carried forward +€23,941
up €23,941 (+6.9%), from €346,525 to €370,466
- Gross operating margin +€4,682
up €4,682 (+1.5%), from €312,385 to €317,067
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 | €2,108,068 | €2,038,038 | -€70,030 | -3.3% |
| Fixed assets | 21/28 | €1,805,430 | €1,700,283 | -€105,147 | -5.8% |
| Tangible fixed assets | 22/27 | €1,805,430 | €1,700,283 | -€105,147 | -5.8% |
| Land and buildings | 22 | €1,774,411 | €1,673,008 | -€101,403 | -5.7% |
| Plant, machinery and equipment | 23 | €31,019 | €27,274 | -€3,744 | -12.1% |
| Current assets | 29/58 | €302,638 | €337,756 | +€35,117 | +11.6% |
| Amounts receivable within one year | 40/41 | €4,086 | €16,652 | +€12,566 | +307.5% |
| Other amounts receivable | 41 | €4,086 | €16,652 | +€12,566 | +307.5% |
| Cash at bank and in hand | 54/58 | €296,108 | €318,554 | +€22,446 | +7.6% |
| Deferred charges and accrued income | 490/1 | €2,444 | €2,550 | +€106 | +4.3% |
| Total equity and liabilities | 10/49 | €2,108,068 | €2,038,038 | -€70,030 | -3.3% |
| Equity | 10/15 | €354,685 | €378,626 | +€23,941 | +6.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €346,525 | €370,466 | +€23,941 | +6.9% |
| Amounts payable | 17/49 | €1,753,383 | €1,659,412 | -€93,971 | -5.4% |
| Amounts payable after more than one year | 17 | €1,273,119 | €1,126,165 | -€146,955 | -11.5% |
| Financial debts | 170/4 | €1,269,919 | €1,121,365 | -€148,555 | -11.7% |
| Other amounts payable | 178/9 | €3,200 | €4,800 | +€1,600 | +50.0% |
| Amounts payable within one year | 42/48 | €474,789 | €524,442 | +€49,653 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €146,561 | €148,555 | +€1,994 | +1.4% |
| Trade debts | 44 | €3,739 | €13,837 | +€10,099 | +270.1% |
| Suppliers | 440/4 | €3,739 | €13,837 | +€10,099 | +270.1% |
| Taxes, remuneration and social security | 45 | €46,272 | - | -€46,272 | |
| Taxes | 450/3 | €46,272 | - | -€46,272 | |
| Other amounts payable | 47/48 | €278,217 | €362,050 | +€83,833 | +30.1% |
| Accrued charges and deferred income | 492/3 | €5,475 | €8,805 | +€3,330 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,147 | €105,147 | = | 0.0% |
| Other operating charges | 640/8 | €18,777 | €19,497 | +€720 | +3.8% |
| Gross operating margin | 9900 | €312,385 | €317,067 | +€4,682 | +1.5% |
| Operating profit (loss) | 9901 | €188,461 | €192,423 | +€3,962 | +2.1% |
| Financial charges | 65/66B | €24,805 | €26,127 | +€1,322 | +5.3% |
| Recurring financial charges | 65 | €24,805 | €26,127 | +€1,322 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €163,656 | €166,296 | +€2,640 | +1.6% |
| Income taxes | 67/77 | €40,914 | €42,355 | +€1,441 | +3.5% |
| Profit (loss) for the period | 9904 | €122,742 | €123,941 | +€1,199 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,742 | €123,941 | +€1,199 | +1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.