INTERSOL: 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.
INTERSOL
Largest movements
- Receivables within one year +€109,612
up €109,612 (+32.1%), from €341,490 to €451,102
of which Trade receivables: +€148,837
- Tangible fixed assets -€37,354
down €37,354 (-4.8%), from €774,274 to €736,920
of which Furniture and vehicles: -€21,417
- Cash +€13,891
new in 2025: €13,891
mainly Trade debts (+€108,872) and Other debts (+€60,235)
- Trade debts +€108,872
up €108,872 (+157%), from €69,281 to €178,153
- Other debts +€60,235
up €60,235 (+104%), from €57,744 to €117,979
- Profit (loss) carried forward -€45,021
down €45,021 (-295%), from -€15,236 to -€60,257
- Debts after one year -€29,090
down €29,090 (-4.5%), from €651,811 to €622,721
- Gross operating margin -€74,909
down €74,909 (-55.8%), from €134,154 to €59,245
- Staff costs -€32,275
down €32,275 (-55.9%), from €57,711 to €25,436
- Financial charges -€7,373
down €7,373 (-24.0%), from €30,776 to €23,403
- Depreciation -€6,786
down €6,786 (-15.3%), from €44,241 to €37,455
- Other operating charges +€1,569
up €1,569 (+9.7%), from €16,173 to €17,742
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.
Derived cash bridge
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 | €1,182,481 | €1,266,794 | +€84,313 | +7.1% |
| Fixed assets | 21/28 | €774,774 | €737,320 | -€37,454 | -4.8% |
| Intangible fixed assets | 21 | €500 | €400 | -€100 | -20.0% |
| Tangible fixed assets | 22/27 | €774,274 | €736,920 | -€37,354 | -4.8% |
| Land and buildings | 22 | €708,612 | €694,235 | -€14,377 | -2.0% |
| Plant, machinery and equipment | 23 | €3,960 | €2,400 | -€1,560 | -39.4% |
| Furniture and vehicles | 24 | €61,702 | €40,285 | -€21,417 | -34.7% |
| Current assets | 29/58 | €407,707 | €529,474 | +€121,767 | +29.9% |
| Stocks and contracts in progress | 3 | €64,450 | €64,450 | = | 0.0% |
| Stocks | 30/36 | €64,450 | €64,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €341,490 | €451,102 | +€109,612 | +32.1% |
| Trade receivables | 40 | €287,145 | €435,982 | +€148,837 | +51.8% |
| Other amounts receivable | 41 | €54,345 | €15,120 | -€39,225 | -72.2% |
| Cash at bank and in hand | 54/58 | - | €13,891 | +€13,891 | |
| Deferred charges and accrued income | 490/1 | €1,767 | €31 | -€1,736 | -98.2% |
| Total equity and liabilities | 10/49 | €1,182,481 | €1,266,794 | +€84,313 | +7.1% |
| Equity | 10/15 | €183,539 | €138,518 | -€45,021 | -24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,375 | €186,375 | = | 0.0% |
| Distributable reserves | 133 | €186,375 | €186,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,236 | -€60,257 | -€45,021 | -295% |
| Amounts payable | 17/49 | €998,942 | €1,128,276 | +€129,334 | +12.9% |
| Amounts payable after more than one year | 17 | €651,811 | €622,721 | -€29,090 | -4.5% |
| Financial debts | 170/4 | €651,811 | €622,721 | -€29,090 | -4.5% |
| Amounts payable within one year | 42/48 | €347,131 | €493,555 | +€146,424 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €79,250 | €72,152 | -€7,098 | -9.0% |
| Financial debts | 43 | €109,435 | €100,000 | -€9,435 | -8.6% |
| Credit institutions | 430/8 | €109,435 | €100,000 | -€9,435 | -8.6% |
| Trade debts | 44 | €69,281 | €178,153 | +€108,872 | +157% |
| Suppliers | 440/4 | €69,281 | €178,153 | +€108,872 | +157% |
| Advances received on contracts in progress | 46 | €3,647 | €3,647 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,774 | €21,624 | -€6,150 | -22.1% |
| Taxes | 450/3 | €19,768 | €17,211 | -€2,557 | -12.9% |
| Remuneration and social security | 454/9 | €8,006 | €4,413 | -€3,593 | -44.9% |
| Other amounts payable | 47/48 | €57,744 | €117,979 | +€60,235 | +104% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €57,711 | €25,436 | -€32,275 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,241 | €37,455 | -€6,786 | -15.3% |
| Other operating charges | 640/8 | €16,173 | €17,742 | +€1,569 | +9.7% |
| Gross operating margin | 9900 | €134,154 | €59,245 | -€74,909 | -55.8% |
| Operating profit (loss) | 9901 | €16,029 | -€21,388 | -€37,417 | |
| Financial income | 75/76B | €6 | €247 | +€241 | +4,017% |
| Recurring financial income | 75 | €6 | €247 | +€241 | +4,017% |
| Financial charges | 65/66B | €30,776 | €23,403 | -€7,373 | -24.0% |
| Recurring financial charges | 65 | €30,776 | €23,403 | -€7,373 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,741 | -€44,544 | -€29,803 | -202% |
| Income taxes | 67/77 | €495 | €477 | -€18 | -3.6% |
| Profit (loss) for the period | 9904 | -€15,236 | -€45,021 | -€29,785 | -195% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,236 | -€45,021 | -€29,785 | -195% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.