INTERSOFT ELECTRONICS: 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.
What changed
INTERSOFT ELECTRONICS
NACE 62.100, Computer programming
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€1.1m
31-12-2024 · -€87,348+€1.2m
Equity
€1.7m
31-12-2024 · €589,951+€1.1m
Cash
€1.7m
31-12-2024 · €596,323+€1.1m
Balance sheet total
€16.3m
31-12-2024 · €12.8m+€3.5m
Largest movements
Assets
- Stocks and contracts +€1.9m
up €1.9m (+63.7%), from €2.9m to €4.8m
- Cash +€1.1m
up €1.1m (+179.4%), from €596,323 to €1.7m
mainly Depreciation (+€1.7m) and Accrued charges and deferred income (+€1.2m)
- Receivables after one year +€430,145
up €430,145 (+184.3%), from €233,357 to €663,502
Equity and liabilities
- Accrued charges and deferred income +€1.2m
up €1.2m (+143.3%), from €846,494 to €2.1m
- Profit (loss) carried forward +€1.1m
up €1.1m (+583.3%), from €186,985 to €1.3m
- Trade debts +€515,271
up €515,271 (+20.8%), from €2.5m to €3.0m
- Debts after one year +€479,852
up €479,852 (+6.3%), from €7.6m to €8.1m
of which Financial debts: +€1.2m
- Current portion of long-term debt +€236,012
new in 2025: €236,012
Income statement
- Turnover +€5.4m
up €5.4m (+51.3%), from €10.4m to €15.8m
- Goods and materials +€2.9m
up €2.9m (+137.3%), from €2.1m to €5.1m
of which Purchases: +€3.4m
- Services and other goods +€1.1m
up €1.1m (+23.3%), from €4.8m to €5.9m
- Depreciation +€511,722
up €511,722 (+44.7%), from €1.1m to €1.7m
- Staff costs +€382,353
up €382,353 (+6.2%), from €6.2m to €6.6m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€87,348
Turnover
+€5.4m
Other operating income
+€121,107
Goods and materials
-€2.9m
Services and other goods
-€1.1m
Staff costs
-€382,353
Depreciation
-€511,722
Write-downs
+€105,448
Other operating charges
+€2,979
Other operating items
+€722,284
Financial income
-€63,055
Financial charges
-€145,474
Other financial items
+€1
Taxes
+€15,517
Deferred taxes and other
+€1
Result 31-12-2025
€1.1m
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.2m
Investment
-€1.8m
Financing
+€715,865
Cash 31-12-2024
€596,323
From operations (derived)
+€2.2m
Net result for the year
+€1.1m
Depreciation
+€1.7m
Receivables after one year
-€430,145
Stocks and contracts
-€1.9m
Receivables within one year
+€36,330
Deferred charges and accrued income
+€33,845
Provisions
-€33,944
Trade debts
+€515,271
Tax, wage and social debts
-€18,855
Accrued charges and deferred income
+€1.2m
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€715,865
Debts after one year
+€479,852
Current portion of long-term debt
+€236,012
Contributions, distributions and other
+€1
Not broken down
-€2
Cash 31-12-2025
€1.7m
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,778,592 | €16,260,441 | +€3.5m | +27.2% |
| Fixed assets | 21/28 | €3,368,507 | €3,558,025 | +€189,518 | +5.6% |
| Intangible fixed assets | 21 | €2,286,190 | €2,413,012 | +€126,822 | +5.5% |
| Tangible fixed assets | 22/27 | €1,082,318 | €1,120,013 | +€37,695 | +3.5% |
| Land and buildings | 22 | €272,959 | €289,192 | +€16,233 | +5.9% |
| Plant, machinery and equipment | 23 | €712,834 | €707,429 | -€5,405 | -0.8% |
| Furniture and vehicles | 24 | €96,525 | €123,392 | +€26,867 | +27.8% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Other financial fixed assets | 284/8 | - | €25,000 | +€25,000 | |
| Shares | 284 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €9,410,085 | €12,702,416 | +€3.3m | +35.0% |
| Amounts receivable after more than one year | 29 | €233,357 | €663,502 | +€430,145 | +184.3% |
| Other amounts receivable | 291 | €233,357 | €663,502 | +€430,145 | +184.3% |
| Stocks and contracts in progress | 3 | €2,925,390 | €4,787,968 | +€1.9m | +63.7% |
| Stocks | 30/36 | €2,925,390 | €4,787,968 | +€1.9m | +63.7% |
| Raw materials and consumables | 30/31 | - | €2,062,914 | +€2.1m | |
| Work in progress | 32 | - | €1,963,675 | +€2.0m | |
| Finished goods | 33 | €839,462 | €761,379 | -€78,083 | -9.3% |
| Goods purchased for resale | 34 | €2,085,928 | €0 | -€2.1m | -100.0% |
| Amounts receivable within one year | 40/41 | €5,370,385 | €5,334,055 | -€36,330 | -0.7% |
| Trade receivables | 40 | €5,242,559 | €5,173,281 | -€69,278 | -1.3% |
| Other amounts receivable | 41 | €127,826 | €160,774 | +€32,948 | +25.8% |
| Cash at bank and in hand | 54/58 | €596,323 | €1,666,105 | +€1.1m | +179.4% |
| Deferred charges and accrued income | 490/1 | €284,630 | €250,785 | -€33,845 | -11.9% |
| Total equity and liabilities | 10/49 | €12,778,592 | €16,260,441 | +€3.5m | +27.2% |
| Equity | 10/15 | €589,951 | €1,680,666 | +€1.1m | +184.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €102,966 | €102,966 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,824 | €30,824 | = | 0.0% |
| Distributable reserves | 133 | €42,142 | €42,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,985 | €1,277,700 | +€1.1m | +583.3% |
| Provisions and deferred taxes | 16 | €33,944 | €0 | -€33,944 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €33,944 | €0 | -€33,944 | -100.0% |
| Other liabilities and charges | 164/5 | €33,944 | €0 | -€33,944 | -100.0% |
| Amounts payable | 17/49 | €12,154,697 | €14,579,775 | +€2.4m | +20.0% |
| Amounts payable after more than one year | 17 | €7,597,428 | €8,077,280 | +€479,852 | +6.3% |
| Financial debts | 170/4 | €3,501,068 | €4,687,583 | +€1.2m | +33.9% |
| Credit institutions | 173 | €3,501,068 | €4,687,583 | +€1.2m | +33.9% |
| Other amounts payable | 178/9 | €4,096,361 | €3,389,697 | -€706,664 | -17.3% |
| Amounts payable within one year | 42/48 | €3,710,775 | €4,443,203 | +€732,428 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | - | €236,012 | +€236,012 | |
| Trade debts | 44 | €2,478,215 | €2,993,486 | +€515,271 | +20.8% |
| Suppliers | 440/4 | €2,478,215 | €2,993,486 | +€515,271 | +20.8% |
| Taxes, remuneration and social security | 45 | €1,214,231 | €1,195,376 | -€18,855 | -1.6% |
| Taxes | 450/3 | €167,593 | €75,741 | -€91,852 | -54.8% |
| Remuneration and social security | 454/9 | €1,046,639 | €1,119,635 | +€72,996 | +7.0% |
| Other amounts payable | 47/48 | €18,329 | €18,329 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €846,494 | €2,059,292 | +€1.2m | +143.3% |
| Operating income | 70/76A | €15,132,035 | €21,043,989 | +€5.9m | +39.1% |
| Turnover | 70 | €10,449,588 | €15,811,989 | +€5.4m | +51.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €89,569 | €1,156,039 | +€1.1m | +1190.7% |
| Own construction capitalised | 72 | €1,180,000 | €1,236,545 | +€56,545 | +4.8% |
| Other operating income | 74 | €2,717,317 | €2,838,424 | +€121,107 | +4.5% |
| Non-recurring operating income | 76A | €695,560 | €993 | -€694,567 | -99.9% |
| Operating charges | 60/66A | €14,793,515 | €19,334,398 | +€4.5m | +30.7% |
| Goods for resale, raw materials and consumables | 60 | €2,139,283 | €5,077,145 | +€2.9m | +137.3% |
| Purchases | 600/8 | €2,506,403 | €5,863,250 | +€3.4m | +133.9% |
| Change in stocks: decrease (increase) | 609 | -€367,120 | -€786,105 | -€418,985 | -114.1% |
| Services and other goods | 61 | €4,775,919 | €5,887,129 | +€1.1m | +23.3% |
| Remuneration, social security and pensions | 62 | €6,216,155 | €6,598,508 | +€382,353 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145,366 | €1,657,088 | +€511,722 | +44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €185,015 | €79,567 | -€105,448 | -57.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €21,844 | €18,865 | -€2,979 | -13.6% |
| Non-recurring operating charges | 66A | €309,934 | €16,096 | -€293,838 | -94.8% |
| Operating profit (loss) | 9901 | €338,519 | €1,709,591 | +€1.4m | +405.0% |
| Financial income | 75/76B | €114,293 | €51,238 | -€63,055 | -55.2% |
| Recurring financial income | 75 | €114,293 | €51,238 | -€63,055 | -55.2% |
| Income from current assets | 751 | €9,851 | €23,565 | +€13,714 | +139.2% |
| Other financial income | 752/9 | €104,442 | €27,673 | -€76,769 | -73.5% |
| Financial charges | 65/66B | €508,890 | €654,364 | +€145,474 | +28.6% |
| Recurring financial charges | 65 | €508,890 | €654,364 | +€145,474 | +28.6% |
| Debt charges | 650 | €432,283 | €478,250 | +€45,967 | +10.6% |
| Other financial charges | 652/9 | €76,607 | €176,114 | +€99,507 | +129.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,078 | €1,106,466 | +€1.2m | |
| Income taxes | 67/77 | €31,269 | €15,752 | -€15,517 | -49.6% |
| Taxes | 670/3 | €31,269 | €15,752 | -€15,517 | -49.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€87,348 | €1,090,714 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,348 | €1,090,714 | +€1.2m |
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.