Intersig: 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
Intersig
NACE 24.100, Manufacture of basic metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · -€1.4m+€3.7m
Equity
€35.9m
2024 · €36.9m-€989,485
Cash
€54,351
2024 · €155,677-€101,326
Balance sheet total
€69.9m
2024 · €64.9m+€5.0m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+38.8%), from €7.6m to €10.5m
of which Trade receivables: +€4.1m
- Stocks and contracts +€2.6m
up €2.6m (+9.5%), from €26.9m to €29.5m
- Tangible fixed assets -€757,378
down €757,378 (-6.5%), from €11.7m to €10.9m
of which Plant, machinery and equipment: -€1.1m
Equity and liabilities
- Trade debts +€11.4m
up €11.4m (+125.5%), from €9.1m to €20.4m
- Short-term financial debts -€5.0m
down €5.0m (-100.0%), from €5.0m to €0
- Revaluation surpluses -€736,743
down €736,743 (-11.5%), from €6.4m to €5.7m
Income statement
- Goods and materials +€13.4m
up €13.4m (+14.5%), from €92.6m to €106.0m
of which Purchases: +€9.2m
- Turnover +€10.7m
up €10.7m (+8.6%), from €123.6m to €134.3m
- Services and other goods +€1.9m
up €1.9m (+15.8%), from €11.8m to €13.6m
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
-€1.4m
Turnover
+€10.7m
Other operating income
+€390,612
Goods and materials
-€13.4m
Services and other goods
-€1.9m
Staff costs
-€431,463
Depreciation
-€79,213
Write-downs
+€19,672
Provisions
-€164,219
Other operating charges
-€436,973
Other operating items
+€7.7m
Financial income
+€715,804
Financial charges
+€571,893
Taxes
+€49
Deferred taxes and other
+€7,642
Result 2025
€2.3m
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.
From operations
+€9.9m
Investment
-€1.7m
Financing
-€8.3m
Cash 2024
€155,677
From operations (derived)
+€9.9m
Net result for the year
+€2.3m
Depreciation
+€2.0m
Stocks and contracts
-€2.6m
Receivables within one year
-€2.9m
Deferred charges and accrued income
+€77,929
Provisions
+€145,996
Trade debts
+€11.4m
Tax, wage and social debts
-€293,750
Other debts
-€441,915
Accrued charges and deferred income
+€193,612
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€8.3m
Short-term financial debts
-€5.0m
Contributions, distributions and other
-€3.3m
Cash 2025
€54,351
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,924,242 | €69,910,907 | +€5.0m | +7.7% |
| Fixed assets | 21/28 | €29,793,237 | €29,467,412 | -€325,825 | -1.1% |
| Intangible fixed assets | 21 | €20,135 | €10,621 | -€9,514 | -47.3% |
| Tangible fixed assets | 22/27 | €11,706,283 | €10,948,906 | -€757,378 | -6.5% |
| Land and buildings | 22 | €456,332 | €376,636 | -€79,696 | -17.5% |
| Plant, machinery and equipment | 23 | €8,958,394 | €7,880,614 | -€1.1m | -12.0% |
| Furniture and vehicles | 24 | €1,139,244 | €820,972 | -€318,272 | -27.9% |
| Assets under construction and advance payments | 27 | €1,152,313 | €1,870,684 | +€718,371 | +62.3% |
| Financial fixed assets | 28 | €18,066,819 | €18,507,886 | +€441,067 | +2.4% |
| Affiliated companies | 280/1 | €18,066,819 | €18,507,886 | +€441,067 | +2.4% |
| Participating interests | 280 | €18,066,819 | €18,507,886 | +€441,067 | +2.4% |
| Current assets | 29/58 | €35,131,005 | €40,443,495 | +€5.3m | +15.1% |
| Stocks and contracts in progress | 3 | €26,926,412 | €29,491,646 | +€2.6m | +9.5% |
| Stocks | 30/36 | €26,926,412 | €29,491,646 | +€2.6m | +9.5% |
| Raw materials and consumables | 30/31 | €12,833,909 | €13,624,001 | +€790,092 | +6.2% |
| Finished goods | 33 | €14,092,503 | €15,867,645 | +€1.8m | +12.6% |
| Amounts receivable within one year | 40/41 | €7,550,317 | €10,476,829 | +€2.9m | +38.8% |
| Trade receivables | 40 | €3,129,198 | €7,234,077 | +€4.1m | +131.2% |
| Other amounts receivable | 41 | €4,421,118 | €3,242,751 | -€1.2m | -26.7% |
| Cash at bank and in hand | 54/58 | €155,677 | €54,351 | -€101,326 | -65.1% |
| Deferred charges and accrued income | 490/1 | €498,599 | €420,669 | -€77,929 | -15.6% |
| Total equity and liabilities | 10/49 | €64,924,242 | €69,910,907 | +€5.0m | +7.7% |
| Equity | 10/15 | €36,906,224 | €35,916,739 | -€989,485 | -2.7% |
| Contributions | 10/11 | €2,876,000 | €2,876,000 | = | 0.0% |
| Capital | 10 | €2,876,000 | €2,876,000 | = | 0.0% |
| Issued capital | 100 | €2,876,000 | €2,876,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,404,633 | €5,667,890 | -€736,743 | -11.5% |
| Reserves | 13 | €27,625,591 | €27,372,849 | -€252,742 | -0.9% |
| Non-distributable reserves | 130/1 | €287,600 | €287,600 | = | 0.0% |
| Legal reserve | 130 | €287,600 | €287,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €325,786 | €271,116 | -€54,670 | -16.8% |
| Distributable reserves | 133 | €27,012,206 | €26,814,134 | -€198,072 | -0.7% |
| Provisions and deferred taxes | 16 | €108,157 | €254,153 | +€145,996 | +135.0% |
| Provisions for liabilities and charges | 160/5 | - | €164,219 | +€164,219 | |
| Other liabilities and charges | 164/5 | - | €164,219 | +€164,219 | |
| Deferred taxes | 168 | €108,157 | €89,934 | -€18,223 | -16.8% |
| Amounts payable | 17/49 | €27,909,860 | €33,740,015 | +€5.8m | +20.9% |
| Amounts payable after more than one year | 17 | €5,000,000 | €5,000,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000,000 | €5,000,000 | = | 0.0% |
| Credit institutions | 173 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,850,810 | €28,487,354 | +€5.6m | +24.7% |
| Financial debts | 43 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Credit institutions | 430/8 | €5,000,000 | €0 | -€5.0m | -100.0% |
| Trade debts | 44 | €9,058,949 | €20,431,157 | +€11.4m | +125.5% |
| Suppliers | 440/4 | €9,058,949 | €20,431,157 | +€11.4m | +125.5% |
| Taxes, remuneration and social security | 45 | €2,147,400 | €1,853,650 | -€293,750 | -13.7% |
| Taxes | 450/3 | €644,906 | €346,337 | -€298,569 | -46.3% |
| Remuneration and social security | 454/9 | €1,502,493 | €1,507,312 | +€4,819 | +0.3% |
| Other amounts payable | 47/48 | €6,644,462 | €6,202,547 | -€441,915 | -6.7% |
| Accrued charges and deferred income | 492/3 | €59,050 | €252,661 | +€193,612 | +327.9% |
| Operating income | 70/76A | €119,559,463 | €138,388,568 | +€18.8m | +15.7% |
| Turnover | 70 | €123,631,777 | €134,284,972 | +€10.7m | +8.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,875,889 | €1,844,024 | +€7.7m | |
| Own construction capitalised | 72 | - | €65,385 | +€65,385 | |
| Other operating income | 74 | €1,803,575 | €2,194,186 | +€390,612 | +21.7% |
| Operating charges | 60/66A | €118,776,298 | €135,203,047 | +€16.4m | +13.8% |
| Goods for resale, raw materials and consumables | 60 | €92,579,251 | €105,979,935 | +€13.4m | +14.5% |
| Purchases | 600/8 | €97,548,228 | €106,773,704 | +€9.2m | +9.5% |
| Change in stocks: decrease (increase) | 609 | -€4,968,976 | -€793,769 | +€4.2m | +84.0% |
| Services and other goods | 61 | €11,784,681 | €13,645,991 | +€1.9m | +15.8% |
| Remuneration, social security and pensions | 62 | €10,375,827 | €10,807,290 | +€431,463 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956,511 | €2,035,724 | +€79,213 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,491 | -€43,164 | -€19,672 | -83.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €164,219 | +€164,219 | |
| Other operating charges | 640/8 | €1,620,925 | €2,057,898 | +€436,973 | +27.0% |
| Non-recurring operating charges | 66A | €482,594 | €555,153 | +€72,559 | +15.0% |
| Operating profit (loss) | 9901 | €783,164 | €3,185,521 | +€2.4m | +306.7% |
| Financial income | 75/76B | €73,150 | €788,954 | +€715,804 | +978.5% |
| Recurring financial income | 75 | €44,157 | €93,738 | +€49,580 | +112.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €2,617 | €87,541 | +€84,924 | +3245.1% |
| Other financial income | 752/9 | €41,540 | €6,197 | -€35,343 | -85.1% |
| Non-recurring financial income | 76B | €28,993 | €695,216 | +€666,223 | +2297.9% |
| Financial charges | 65/66B | €2,298,169 | €1,726,277 | -€571,893 | -24.9% |
| Recurring financial charges | 65 | €1,965,352 | €1,726,277 | -€239,075 | -12.2% |
| Debt charges | 650 | €747,801 | €545,203 | -€202,598 | -27.1% |
| Other financial charges | 652/9 | €1,217,551 | €1,181,074 | -€36,478 | -3.0% |
| Non-recurring financial charges | 66B | €332,817 | €0 | -€332,817 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,441,855 | €2,248,198 | +€3.7m | |
| Transfer from deferred taxes | 780 | €10,581 | €18,223 | +€7,642 | +72.2% |
| Income taxes | 67/77 | €1,806 | €1,757 | -€49 | -2.7% |
| Taxes | 670/3 | €1,806 | €1,757 | -€49 | -2.7% |
| Profit (loss) for the period | 9904 | -€1,433,079 | €2,264,664 | +€3.7m | |
| Transfer from tax-exempt reserves | 789 | €31,743 | €54,670 | +€22,926 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,401,336 | €2,319,334 | +€3.7m |
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 10 October 2026 via checked.be.