INTERMEZZO EVENTS: 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 EVENTS
Largest movements
- Receivables within one year -€39,880
down €39,880 (-88.0%), from €45,319 to €5,439
of which Trade receivables: -€21,076
- Cash -€4,735
down €4,735 (-100.0%), from €4,735 to €0
mainly Trade debts (-€39,431) and Net result for the year (-€17,070)
- Trade debts -€39,431
down €39,431 (-77.3%), from €51,003 to €11,572
- Profit (loss) carried forward -€17,070
down €17,070 (-236.9%), from -€7,205 to -€24,275
- Short-term financial debts +€11,818
new in 2025: €11,818
- Other debts -€1,199
down €1,199 (-59.6%), from €2,011 to €812
- Tax, wage and social debts +€1,160
up €1,160 (+42.1%), from €2,755 to €3,915
of which Taxes: +€1,368
- Financial charges +€28,913
up €28,913 (+30435.0%), from €95 to €29,008
- Staff costs -€25,935
down €25,935 (-91.3%), from €28,419 to €2,483
- Gross operating margin -€5,061
down €5,061 (-23.4%), from €21,667 to €16,606
- Other operating charges +€1,745
up €1,745 (+526.1%), from €332 to €2,077
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 | €50,564 | €5,841 | -€44,723 | -88.4% |
| Fixed assets | 21/28 | €510 | €402 | -€107 | -21.0% |
| Tangible fixed assets | 22/27 | €510 | €402 | -€107 | -21.0% |
| Plant, machinery and equipment | 23 | €510 | €402 | -€107 | -21.0% |
| Current assets | 29/58 | €50,054 | €5,439 | -€44,615 | -89.1% |
| Amounts receivable within one year | 40/41 | €45,319 | €5,439 | -€39,880 | -88.0% |
| Trade receivables | 40 | €22,698 | €1,622 | -€21,076 | -92.9% |
| Other amounts receivable | 41 | €22,622 | €3,817 | -€18,804 | -83.1% |
| Cash at bank and in hand | 54/58 | €4,735 | €0 | -€4,735 | -100.0% |
| Total equity and liabilities | 10/49 | €50,564 | €5,841 | -€44,723 | -88.4% |
| Equity | 10/15 | -€5,205 | -€22,275 | -€17,070 | -327.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,205 | -€24,275 | -€17,070 | -236.9% |
| Amounts payable | 17/49 | €55,769 | €28,116 | -€27,653 | -49.6% |
| Amounts payable within one year | 42/48 | €55,769 | €28,116 | -€27,653 | -49.6% |
| Financial debts | 43 | - | €11,818 | +€11,818 | |
| Credit institutions | 430/8 | - | €11,818 | +€11,818 | |
| Trade debts | 44 | €51,003 | €11,572 | -€39,431 | -77.3% |
| Suppliers | 440/4 | €51,003 | €11,572 | -€39,431 | -77.3% |
| Taxes, remuneration and social security | 45 | €2,755 | €3,915 | +€1,160 | +42.1% |
| Taxes | 450/3 | €2,546 | €3,915 | +€1,368 | +53.7% |
| Remuneration and social security | 454/9 | €208 | €0 | -€208 | -100.0% |
| Other amounts payable | 47/48 | €2,011 | €812 | -€1,199 | -59.6% |
| Remuneration, social security and pensions | 62 | €28,419 | €2,483 | -€25,935 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €107 | +€81 | +302.2% |
| Other operating charges | 640/8 | €332 | €2,077 | +€1,745 | +526.1% |
| Gross operating margin | 9900 | €21,667 | €16,606 | -€5,061 | -23.4% |
| Operating profit (loss) | 9901 | -€7,110 | €11,938 | +€19,049 | |
| Financial charges | 65/66B | €95 | €29,008 | +€28,913 | +30435.0% |
| Recurring financial charges | 65 | €95 | €29,008 | +€28,913 | +30435.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,205 | -€17,070 | -€9,865 | -136.9% |
| Profit (loss) for the period | 9904 | -€7,205 | -€17,070 | -€9,865 | -136.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,205 | -€17,070 | -€9,865 | -136.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.