INTERSARI: what changed
INTERSARI
Largest movements
- Receivables within one year -€13,285
down €13,285 (-77.2%), from €17,203 to €3,918
of which Trade receivables: -€13,288
- Cash +€3,408
up €3,408 (+398%), from €856 to €4,263
mainly Receivables within one year (+€13,285) and Other debts (+€10,194)
- Tangible fixed assets -€2,405
down €2,405 (-20.7%), from €11,592 to €9,186
of which Plant, machinery and equipment: -€2,155
- Stocks and contracts +€1,685
up €1,685 (+3.0%), from €56,415 to €58,100
- Profit (loss) carried forward -€15,587
down €15,587 (-27.9%), from -€55,842 to -€71,428
- Other debts +€10,194
up €10,194 (+10.8%), from €94,258 to €104,452
- Trade debts -€5,107
down €5,107 (-35.0%), from €14,598 to €9,491
- Purchases and services +€13,175
up €13,175 (+23.6%), from €55,770 to €68,945
- Gross operating margin -€6,561
down €6,561 (-208%), from -€3,160 to -€9,721
- Turnover +€5,195
up €5,195 (+9.9%), from €52,610 to €57,805
- Taxes +€1,351
new in 2025: €1,351
- Financial charges -€1,116
down €1,116 (-69.2%), from €1,612 to €496
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,092 | €78,957 | -€10,135 | -11.4% |
| Fixed assets | 21/28 | €14,619 | €12,213 | -€2,405 | -16.5% |
| Tangible fixed assets | 22/27 | €11,592 | €9,186 | -€2,405 | -20.7% |
| Plant, machinery and equipment | 23 | €8,342 | €6,186 | -€2,155 | -25.8% |
| Furniture and vehicles | 24 | €3,250 | €3,000 | -€250 | -7.7% |
| Financial fixed assets | 28 | €3,027 | €3,027 | = | 0.0% |
| Current assets | 29/58 | €74,473 | €66,743 | -€7,730 | -10.4% |
| Stocks and contracts in progress | 3 | €56,415 | €58,100 | +€1,685 | +3.0% |
| Stocks | 30/36 | €56,415 | €58,100 | +€1,685 | +3.0% |
| Amounts receivable within one year | 40/41 | €17,203 | €3,918 | -€13,285 | -77.2% |
| Trade receivables | 40 | €17,203 | €3,915 | -€13,288 | -77.2% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €856 | €4,263 | +€3,408 | +398% |
| Deferred charges and accrued income | 490/1 | - | €462 | +€462 | |
| Total equity and liabilities | 10/49 | €89,092 | €78,957 | -€10,135 | -11.4% |
| Equity | 10/15 | -€35,382 | -€50,968 | -€15,587 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,842 | -€71,428 | -€15,587 | -27.9% |
| Amounts payable | 17/49 | €124,474 | €129,925 | +€5,451 | +4.4% |
| Amounts payable within one year | 42/48 | €124,474 | €129,925 | +€5,451 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,598 | €9,491 | -€5,107 | -35.0% |
| Suppliers | 440/4 | €14,598 | €9,491 | -€5,107 | -35.0% |
| Taxes, remuneration and social security | 45 | €15,618 | €15,982 | +€364 | +2.3% |
| Taxes | 450/3 | €10,060 | €11,245 | +€1,184 | +11.8% |
| Remuneration and social security | 454/9 | €5,557 | €4,737 | -€820 | -14.8% |
| Other amounts payable | 47/48 | €94,258 | €104,452 | +€10,194 | +10.8% |
| Turnover | 70 | €52,610 | €57,805 | +€5,195 | +9.9% |
| Non-recurring operating income | 76A | - | €1,419 | +€1,419 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,770 | €68,945 | +€13,175 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,405 | €2,405 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,629 | +€521 | +47.0% |
| Gross operating margin | 9900 | -€3,160 | -€9,721 | -€6,561 | -208% |
| Operating profit (loss) | 9901 | -€6,673 | -€13,755 | -€7,082 | -106% |
| Financial income | 75/76B | €22 | €16 | -€5 | -24.2% |
| Recurring financial income | 75 | €22 | €16 | -€5 | -24.2% |
| Financial charges | 65/66B | €1,612 | €496 | -€1,116 | -69.2% |
| Recurring financial charges | 65 | €1,612 | €496 | -€1,116 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,264 | -€14,235 | -€5,971 | -72.3% |
| Income taxes | 67/77 | - | €1,351 | +€1,351 | |
| Profit (loss) for the period | 9904 | -€8,264 | -€15,587 | -€7,323 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,264 | -€15,587 | -€7,323 | -88.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.