INTERMUTUALISTISCH AGENTSCHAP: 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.
INTERMUTUALISTISCH AGENTSCHAP
Largest movements
- Receivables within one year +€738,064
up €738,064 (+22.5%), from €3.3m to €4.0m
of which Trade receivables: +€716,789
- Cash +€445,240
up €445,240 (+496.7%), from €89,631 to €534,871
mainly Debts within one year (+€1.4m) and Contributions, distributions and other (+€150,232)
- Deferred charges and accrued income +€193,957
up €193,957 (+1102.7%), from €17,590 to €211,547
- Intangible fixed assets +€107,207
up €107,207 (+36.3%), from €295,261 to €402,469
- Debts within one year +€1.4m
up €1.4m (+40.2%), from €3.4m to €4.8m
of which Trade debts: +€1.1m
- Investment grants +€150,232
up €150,232 (+78.7%), from €190,904 to €341,136
- Gross operating margin +€456,901
up €456,901 (+89.7%), from €509,160 to €966,061
- Staff costs +€359,683
up €359,683 (+75.5%), from €476,528 to €836,211
- Purchases and services +€244,612
up €244,612 (+6.7%), from €3.7m to €3.9m
- Depreciation +€96,637
up €96,637 (+298.3%), from €32,398 to €129,035
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 | €3,725,725 | €5,200,547 | +€1.5m | +39.6% |
| Fixed assets | 21/28 | €341,061 | €438,622 | +€97,561 | +28.6% |
| Intangible fixed assets | 21 | €295,261 | €402,469 | +€107,207 | +36.3% |
| Tangible fixed assets | 22/27 | €45,800 | €36,154 | -€9,646 | -21.1% |
| Furniture and vehicles | 24 | €45,800 | €36,154 | -€9,646 | -21.1% |
| Current assets | 29/58 | €3,384,664 | €4,761,925 | +€1.4m | +40.7% |
| Amounts receivable within one year | 40/41 | €3,277,443 | €4,015,507 | +€738,064 | +22.5% |
| Trade receivables | 40 | €3,256,140 | €3,972,929 | +€716,789 | +22.0% |
| Other amounts receivable | 41 | €21,303 | €42,578 | +€21,275 | +99.9% |
| Cash at bank and in hand | 54/58 | €89,631 | €534,871 | +€445,240 | +496.7% |
| Deferred charges and accrued income | 490/1 | €17,590 | €211,547 | +€193,957 | +1102.7% |
| Total equity and liabilities | 10/49 | €3,725,725 | €5,200,547 | +€1.5m | +39.6% |
| Equity | 10/15 | €190,904 | €341,136 | +€150,232 | +78.7% |
| Investment grants | 15 | €190,904 | €341,136 | +€150,232 | +78.7% |
| Amounts payable | 17/49 | €3,534,821 | €4,859,411 | +€1.3m | +37.5% |
| Amounts payable after more than one year | 17 | €95,943 | €53,235 | -€42,708 | -44.5% |
| Other amounts payable | 178/9 | €95,943 | €53,235 | -€42,708 | -44.5% |
| Amounts payable within one year | 42/48 | €3,417,576 | €4,790,825 | +€1.4m | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €56,556 | €46,593 | -€9,963 | -17.6% |
| Trade debts | 44 | €3,266,227 | €4,383,952 | +€1.1m | +34.2% |
| Suppliers | 440/4 | €3,266,227 | €4,383,952 | +€1.1m | +34.2% |
| Taxes, remuneration and social security | 45 | €77,203 | €148,734 | +€71,531 | +92.7% |
| Taxes | 450/3 | €8,172 | €29,420 | +€21,248 | +260.0% |
| Remuneration and social security | 454/9 | €69,031 | €119,314 | +€50,283 | +72.8% |
| Accrued charges and deferred income | 492/3 | €21,303 | €15,351 | -€5,952 | -27.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,659,991 | €3,904,603 | +€244,612 | +6.7% |
| Remuneration, social security and pensions | 62 | €476,528 | €836,211 | +€359,683 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,398 | €129,035 | +€96,637 | +298.3% |
| Other operating charges | 640/8 | €234 | €723 | +€489 | +209.2% |
| Gross operating margin | 9900 | €509,160 | €966,061 | +€456,901 | +89.7% |
| Operating profit (loss) | 9901 | €0 | €91 | +€91 | |
| Financial charges | 65/66B | - | €91 | +€91 | |
| Recurring financial charges | 65 | - | €91 | +€91 | |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €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 7 October 2026 via checked.be.