INTERMUNT: 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.
INTERMUNT
Largest movements
- Stocks and contracts +€290,218
up €290,218 (+22.6%), from €1.3m to €1.6m
- Current investments -€185,639
down €185,639 (-42.4%), from €437,712 to €252,073
- Receivables within one year -€124,464
down €124,464 (-67.1%), from €185,492 to €61,028
of which Trade receivables: -€123,533
- Current portion of long-term debt -€99,746
down €99,746 (-53.9%), from €185,191 to €85,445
- Other debts +€84,805
up €84,805 (+42.9%), from €197,689 to €282,494
- Tax, wage and social debts -€36,283
down €36,283 (-56.5%), from €64,235 to €27,951
of which Taxes: -€29,041
- Reserves +€29,638
up €29,638 (+2.6%), from €1.1m to €1.1m
of which Distributable reserves: +€29,638
- Gross operating margin -€86,696
down €86,696 (-17.3%), from €502,139 to €415,443
- Financial income +€81,966
up €81,966 (+766.2%), from €10,698 to €92,664
of which Financial income: +€54,007
- Staff costs -€17,034
down €17,034 (-29.1%), from €58,569 to €41,535
- Financial charges -€12,288
down €12,288 (-44.9%), from €27,343 to €15,054
of which Non-recurring financial charges: -€9,700
- Taxes -€8,108
down €8,108 (-7.0%), from €116,056 to €107,948
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 | €2,103,774 | €2,101,870 | -€1,904 | -0.1% |
| Fixed assets | 21/28 | €167,830 | €177,593 | +€9,763 | +5.8% |
| Tangible fixed assets | 22/27 | €167,830 | €177,593 | +€9,763 | +5.8% |
| Land and buildings | 22 | €140,028 | €135,946 | -€4,083 | -2.9% |
| Plant, machinery and equipment | 23 | €10,209 | €6,172 | -€4,037 | -39.5% |
| Furniture and vehicles | 24 | €17,593 | €35,476 | +€17,883 | +101.6% |
| Current assets | 29/58 | €1,935,943 | €1,924,276 | -€11,667 | -0.6% |
| Stocks and contracts in progress | 3 | €1,284,688 | €1,574,906 | +€290,218 | +22.6% |
| Stocks | 30/36 | €1,284,688 | €1,574,906 | +€290,218 | +22.6% |
| Amounts receivable within one year | 40/41 | €185,492 | €61,028 | -€124,464 | -67.1% |
| Trade receivables | 40 | €184,561 | €61,028 | -€123,533 | -66.9% |
| Other amounts receivable | 41 | €931 | €0 | -€931 | -100.0% |
| Current investments | 50/53 | €437,712 | €252,073 | -€185,639 | -42.4% |
| Cash at bank and in hand | 54/58 | €28,051 | €36,270 | +€8,219 | +29.3% |
| Total equity and liabilities | 10/49 | €2,103,774 | €2,101,870 | -€1,904 | -0.1% |
| Equity | 10/15 | €1,507,990 | €1,537,629 | +€29,638 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,119,534 | €1,149,172 | +€29,638 | +2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,117,674 | €1,147,312 | +€29,638 | +2.7% |
| Profit (loss) carried forward | 14 | €382,257 | €382,257 | = | 0.0% |
| Amounts payable | 17/49 | €595,783 | €564,241 | -€31,542 | -5.3% |
| Amounts payable after more than one year | 17 | €103,715 | €88,269 | -€15,445 | -14.9% |
| Financial debts | 170/4 | €103,715 | €88,269 | -€15,445 | -14.9% |
| Amounts payable within one year | 42/48 | €492,069 | €464,813 | -€27,255 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €185,191 | €85,445 | -€99,746 | -53.9% |
| Financial debts | 43 | €32,177 | €37,565 | +€5,388 | +16.7% |
| Credit institutions | 430/8 | €32,177 | €37,565 | +€5,388 | +16.7% |
| Trade debts | 44 | €12,777 | €31,357 | +€18,581 | +145.4% |
| Suppliers | 440/4 | €12,777 | €31,357 | +€18,581 | +145.4% |
| Taxes, remuneration and social security | 45 | €64,235 | €27,951 | -€36,283 | -56.5% |
| Taxes | 450/3 | €56,992 | €27,951 | -€29,041 | -51.0% |
| Remuneration and social security | 454/9 | €7,242 | €0 | -€7,242 | -100.0% |
| Other amounts payable | 47/48 | €197,689 | €282,494 | +€84,805 | +42.9% |
| Accrued charges and deferred income | 492/3 | - | €11,158 | +€11,158 | |
| Remuneration, social security and pensions | 62 | €58,569 | €41,535 | -€17,034 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,889 | €20,836 | +€5,947 | +39.9% |
| Other operating charges | 640/8 | €40,882 | €43,095 | +€2,213 | +5.4% |
| Gross operating margin | 9900 | €502,139 | €415,443 | -€86,696 | -17.3% |
| Operating profit (loss) | 9901 | €387,798 | €309,977 | -€77,822 | -20.1% |
| Financial income | 75/76B | €10,698 | €92,664 | +€81,966 | +766.2% |
| Recurring financial income | 75 | €10,698 | €64,705 | +€54,007 | +504.9% |
| Non-recurring financial income | 76B | - | €27,959 | +€27,959 | |
| Financial charges | 65/66B | €27,343 | €15,054 | -€12,288 | -44.9% |
| Recurring financial charges | 65 | €17,643 | €15,054 | -€2,588 | -14.7% |
| Non-recurring financial charges | 66B | €9,700 | €0 | -€9,700 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €371,153 | €387,586 | +€16,433 | +4.4% |
| Income taxes | 67/77 | €116,056 | €107,948 | -€8,108 | -7.0% |
| Profit (loss) for the period | 9904 | €255,097 | €279,638 | +€24,541 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €255,097 | €279,638 | +€24,541 | +9.6% |
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 9 October 2026 via checked.be.