INTERMEZZO CONSULTING: 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.
INTERMEZZO CONSULTING
Largest movements
- Receivables within one year -€466,821
down €466,821 (-50.2%), from €929,412 to €462,591
of which Other amounts receivable: -€474,026
- Debts after one year -€532,212
down €532,212 (-75.8%), from €701,789 to €169,577
of which Other amounts payable: -€464,756
- Reserves +€107,415
up €107,415 (+19.4%), from €552,981 to €660,395
of which Distributable reserves: +€107,415
- Other debts +€43,871
up €43,871 (+44.1%), from €99,557 to €143,428
- Trade debts -€42,680
down €42,680 (-44.9%), from €95,043 to €52,363
- Tax, wage and social debts -€22,378
down €22,378 (-50.1%), from €44,653 to €22,275
of which Taxes: -€21,041
- Gross operating margin +€126,723
up €126,723 (+399%), from €31,729 to €158,452
- Other operating charges -€5,162
down €5,162 (-45.2%), from €11,431 to €6,269
- Depreciation +€4,034
up €4,034 (+14.2%), from €28,307 to €32,340
- Staff costs -€3,825
no longer reported in 2025 (was €3,825)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,622,714 | €1,162,925 | -€459,788 | -28.3% |
| Fixed assets | 21/28 | €691,647 | €698,122 | +€6,475 | +0.9% |
| Tangible fixed assets | 22/27 | €353,897 | €360,372 | +€6,475 | +1.8% |
| Land and buildings | 22 | €291,955 | €309,008 | +€17,053 | +5.8% |
| Plant, machinery and equipment | 23 | €61,942 | €51,364 | -€10,577 | -17.1% |
| Financial fixed assets | 28 | €337,750 | €337,750 | = | 0.0% |
| Current assets | 29/58 | €931,066 | €464,803 | -€466,263 | -50.1% |
| Amounts receivable within one year | 40/41 | €929,412 | €462,591 | -€466,821 | -50.2% |
| Trade receivables | 40 | - | €7,204 | +€7,204 | |
| Other amounts receivable | 41 | €929,412 | €455,386 | -€474,026 | -51.0% |
| Cash at bank and in hand | 54/58 | €1 | €408 | +€407 | +33,899% |
| Deferred charges and accrued income | 490/1 | €1,653 | €1,804 | +€151 | +9.1% |
| Total equity and liabilities | 10/49 | €1,622,714 | €1,162,925 | -€459,788 | -28.3% |
| Equity | 10/15 | €571,581 | €678,995 | +€107,415 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €552,981 | €660,395 | +€107,415 | +19.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €551,121 | €658,535 | +€107,415 | +19.5% |
| Amounts payable | 17/49 | €1,051,133 | €483,930 | -€567,203 | -54.0% |
| Amounts payable after more than one year | 17 | €701,789 | €169,577 | -€532,212 | -75.8% |
| Financial debts | 170/4 | €237,033 | €169,577 | -€67,456 | -28.5% |
| Other amounts payable | 178/9 | €464,756 | - | -€464,756 | |
| Amounts payable within one year | 42/48 | €349,343 | €314,353 | -€34,990 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €82,829 | €68,819 | -€14,010 | -16.9% |
| Financial debts | 43 | €27,261 | €27,469 | +€207 | +0.8% |
| Credit institutions | 430/8 | €27,261 | €27,469 | +€207 | +0.8% |
| Trade debts | 44 | €95,043 | €52,363 | -€42,680 | -44.9% |
| Suppliers | 440/4 | €95,043 | €52,363 | -€42,680 | -44.9% |
| Taxes, remuneration and social security | 45 | €44,653 | €22,275 | -€22,378 | -50.1% |
| Taxes | 450/3 | €43,316 | €22,275 | -€21,041 | -48.6% |
| Remuneration and social security | 454/9 | €1,337 | - | -€1,337 | |
| Other amounts payable | 47/48 | €99,557 | €143,428 | +€43,871 | +44.1% |
| Non-recurring operating income | 76A | €6,345 | - | -€6,345 | |
| Remuneration, social security and pensions | 62 | €3,825 | - | -€3,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,307 | €32,340 | +€4,034 | +14.2% |
| Other operating charges | 640/8 | €11,431 | €6,269 | -€5,162 | -45.2% |
| Non-recurring operating charges | 66A | €59,703 | - | -€59,703 | |
| Gross operating margin | 9900 | €31,729 | €158,452 | +€126,723 | +399% |
| Operating profit (loss) | 9901 | -€71,536 | €119,843 | +€191,380 | |
| Financial income | 75/76B | - | €331 | +€331 | |
| Recurring financial income | 75 | - | €331 | +€331 | |
| Financial charges | 65/66B | €12,850 | €12,542 | -€309 | -2.4% |
| Recurring financial charges | 65 | €12,850 | €12,542 | -€309 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€84,387 | €107,633 | +€192,020 | |
| Income taxes | 67/77 | €261 | €218 | -€42 | -16.3% |
| Profit (loss) for the period | 9904 | -€84,647 | €107,415 | +€192,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,647 | €107,415 | +€192,062 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.