INTERMODALICS: 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.
What changed
INTERMODALICS
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€180,319
2024 · -€38,626-€141,693
Equity
€732,402
2024 · €912,720-€180,319
Cash
€461,266
2024 · €181,154+€280,113
Balance sheet total
€1.3m
2024 · €1.3m+€5,269
Largest movements
Assets
- Cash +€280,113
up €280,113 (+155%), from €181,154 to €461,266
mainly Receivables within one year (+€275,588) and Trade debts (+€160,524)
- Receivables within one year -€275,588
down €275,588 (-50.9%), from €541,342 to €265,754
of which Trade receivables: -€220,753
Equity and liabilities
- Reserves -€180,319
down €180,319 (-20.2%), from €894,120 to €713,802
- Trade debts +€160,524
up €160,524 (+173%), from €92,842 to €253,366
- Advances received +€36,921
up €36,921 (+15.6%), from €235,968 to €272,889
- Current portion of long-term debt -€22,573
down €22,573 (-69.1%), from €32,655 to €10,082
Income statement
- Gross operating margin -€165,684
down €165,684 (-27.0%), from €612,974 to €447,291
- Staff costs -€40,780
down €40,780 (-6.3%), from €648,294 to €607,515
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.
Result 2024
-€38,626
Gross operating margin
-€165,684
Staff costs
+€40,780
Depreciation
+€2,748
Other operating charges
-€1,417
Other operating items
-€10,710
Financial income
-€1,928
Financial charges
-€5,288
Taxes
-€193
Result 2025
-€180,319
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€307,553
Investment
-€4,868
Financing
-€22,573
Cash 2024
€181,154
From operations (derived)
+€307,553
Net result for the year
-€180,319
Depreciation
+€6,179
Stocks and contracts
-€6,020
Receivables within one year
+€275,588
Deferred charges and accrued income
+€3,964
Trade debts
+€160,524
Tax, wage and social debts
-€904
Advances received
+€36,921
Other debts
+€7,489
Accrued charges and deferred income
+€4,131
Investment (derived)
-€4,868
Investment in fixed assets (net)
-€4,868
Financing
-€22,573
Current portion of long-term debt
-€22,573
Cash 2025
€461,266
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,343,889 | €1,349,159 | +€5,269 | +0.4% |
| Fixed assets | 21/28 | €21,007 | €19,695 | -€1,312 | -6.2% |
| Intangible fixed assets | 21 | €2,658 | €1,492 | -€1,167 | -43.9% |
| Tangible fixed assets | 22/27 | €18,349 | €16,709 | -€1,640 | -8.9% |
| Furniture and vehicles | 24 | €7,638 | €16,709 | +€9,070 | +119% |
| Other tangible fixed assets | 26 | €10,710 | €0 | -€10,710 | -100% |
| Financial fixed assets | 28 | - | €1,495 | +€1,495 | |
| Current assets | 29/58 | €1,322,882 | €1,329,463 | +€6,581 | +0.5% |
| Amounts receivable after more than one year | 29 | €525,000 | €525,000 | = | 0.0% |
| Other amounts receivable | 291 | €525,000 | €525,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €57,343 | €63,363 | +€6,020 | +10.5% |
| Contracts in progress | 37 | €57,343 | €63,363 | +€6,020 | +10.5% |
| Amounts receivable within one year | 40/41 | €541,342 | €265,754 | -€275,588 | -50.9% |
| Trade receivables | 40 | €471,937 | €251,184 | -€220,753 | -46.8% |
| Other amounts receivable | 41 | €69,405 | €14,570 | -€54,835 | -79.0% |
| Cash at bank and in hand | 54/58 | €181,154 | €461,266 | +€280,113 | +155% |
| Deferred charges and accrued income | 490/1 | €18,044 | €14,080 | -€3,964 | -22.0% |
| Total equity and liabilities | 10/49 | €1,343,889 | €1,349,159 | +€5,269 | +0.4% |
| Equity | 10/15 | €912,720 | €732,402 | -€180,319 | -19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €894,120 | €713,802 | -€180,319 | -20.2% |
| Distributable reserves | 133 | €894,120 | €713,802 | -€180,319 | -20.2% |
| Amounts payable | 17/49 | €431,169 | €616,757 | +€185,588 | +43.0% |
| Amounts payable within one year | 42/48 | €419,825 | €601,282 | +€181,457 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €32,655 | €10,082 | -€22,573 | -69.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €92,842 | €253,366 | +€160,524 | +173% |
| Suppliers | 440/4 | €92,842 | €253,366 | +€160,524 | +173% |
| Advances received on contracts in progress | 46 | €235,968 | €272,889 | +€36,921 | +15.6% |
| Taxes, remuneration and social security | 45 | €57,917 | €57,013 | -€904 | -1.6% |
| Taxes | 450/3 | €533 | €209 | -€323 | -60.7% |
| Remuneration and social security | 454/9 | €57,384 | €56,804 | -€580 | -1.0% |
| Other amounts payable | 47/48 | €442 | €7,931 | +€7,489 | +1,693% |
| Accrued charges and deferred income | 492/3 | €11,344 | €15,475 | +€4,131 | +36.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €648,294 | €607,515 | -€40,780 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,927 | €6,179 | -€2,748 | -30.8% |
| Other operating charges | 640/8 | €1,307 | €2,724 | +€1,417 | +108% |
| Non-recurring operating charges | 66A | - | €10,710 | +€10,710 | |
| Gross operating margin | 9900 | €612,974 | €447,291 | -€165,684 | -27.0% |
| Operating profit (loss) | 9901 | -€45,554 | -€179,837 | -€134,283 | -295% |
| Financial income | 75/76B | €16,108 | €14,180 | -€1,928 | -12.0% |
| Recurring financial income | 75 | €16,108 | €14,180 | -€1,928 | -12.0% |
| Financial charges | 65/66B | €9,120 | €14,408 | +€5,288 | +58.0% |
| Recurring financial charges | 65 | €8,159 | €14,408 | +€6,249 | +76.6% |
| Non-recurring financial charges | 66B | €960 | €0 | -€960 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€38,566 | -€180,065 | -€141,500 | -367% |
| Income taxes | 67/77 | €60 | €253 | +€193 | +325% |
| Profit (loss) for the period | 9904 | -€38,626 | -€180,319 | -€141,693 | -367% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,626 | -€180,319 | -€141,693 | -367% |
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 27 October 2026 via checked.be.