INTERTAKEL: 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.
INTERTAKEL
Largest movements
- Cash +€88,772
up €88,772 (+93.6%), from €94,795 to €183,567
mainly Depreciation (+€47,215) and Net result for the year (+€37,793)
- Tangible fixed assets -€46,876
down €46,876 (-28.3%), from €165,384 to €118,508
of which Furniture and vehicles: -€39,194
- Receivables within one year -€35,322
down €35,322 (-40.6%), from €87,004 to €51,682
of which Trade receivables: -€30,261
- Deferred charges and accrued income -€4,036
down €4,036 (-44.2%), from €9,129 to €5,093
- Profit (loss) carried forward +€37,793
up €37,793 (+17.7%), from €213,432 to €251,225
- Other debts -€15,262
down €15,262 (-26.0%), from €58,788 to €43,526
- Debts after one year -€10,981
down €10,981 (-32.0%), from €34,360 to €23,379
- Trade debts -€10,531
down €10,531 (-56.1%), from €18,765 to €8,234
- Gross operating margin +€29,950
up €29,950 (+40.2%), from €74,422 to €104,372
- Depreciation -€14,566
down €14,566 (-23.6%), from €61,781 to €47,215
- Taxes +€11,561
up €11,561 (+642.9%), from €1,798 to €13,359
- Staff costs +€2,521
new in 2025: €2,521
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 | €375,791 | €377,887 | +€2,096 | +0.6% |
| Fixed assets | 21/28 | €180,229 | €133,353 | -€46,876 | -26.0% |
| Tangible fixed assets | 22/27 | €165,384 | €118,508 | -€46,876 | -28.3% |
| Land and buildings | 22 | €58,941 | €56,769 | -€2,172 | -3.7% |
| Plant, machinery and equipment | 23 | €4,523 | €2,652 | -€1,870 | -41.4% |
| Furniture and vehicles | 24 | €81,212 | €42,017 | -€39,194 | -48.3% |
| Other tangible fixed assets | 26 | €20,709 | €17,068 | -€3,640 | -17.6% |
| Financial fixed assets | 28 | €14,845 | €14,845 | = | 0.0% |
| Current assets | 29/58 | €195,562 | €244,535 | +€48,973 | +25.0% |
| Stocks and contracts in progress | 3 | €4,634 | €4,193 | -€442 | -9.5% |
| Stocks | 30/36 | €4,634 | €4,193 | -€442 | -9.5% |
| Amounts receivable within one year | 40/41 | €87,004 | €51,682 | -€35,322 | -40.6% |
| Trade receivables | 40 | €78,802 | €48,541 | -€30,261 | -38.4% |
| Other amounts receivable | 41 | €8,202 | €3,141 | -€5,061 | -61.7% |
| Cash at bank and in hand | 54/58 | €94,795 | €183,567 | +€88,772 | +93.6% |
| Deferred charges and accrued income | 490/1 | €9,129 | €5,093 | -€4,036 | -44.2% |
| Total equity and liabilities | 10/49 | €375,791 | €377,887 | +€2,096 | +0.6% |
| Equity | 10/15 | €246,280 | €284,073 | +€37,793 | +15.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,848 | €2,848 | = | 0.0% |
| Distributable reserves | 133 | €2,848 | €2,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,432 | €251,225 | +€37,793 | +17.7% |
| Amounts payable | 17/49 | €129,511 | €93,814 | -€35,697 | -27.6% |
| Amounts payable after more than one year | 17 | €34,360 | €23,379 | -€10,981 | -32.0% |
| Financial debts | 170/4 | €34,360 | €23,379 | -€10,981 | -32.0% |
| Amounts payable within one year | 42/48 | €95,151 | €70,435 | -€24,716 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €10,534 | €10,981 | +€447 | +4.2% |
| Financial debts | 43 | €3,396 | €3,333 | -€62 | -1.8% |
| Credit institutions | 430/8 | €3,396 | €3,333 | -€62 | -1.8% |
| Trade debts | 44 | €18,765 | €8,234 | -€10,531 | -56.1% |
| Suppliers | 440/4 | €18,765 | €8,234 | -€10,531 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,669 | €4,361 | +€692 | +18.9% |
| Taxes | 450/3 | €3,669 | €4,361 | +€692 | +18.9% |
| Other amounts payable | 47/48 | €58,788 | €43,526 | -€15,262 | -26.0% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | - | €2,521 | +€2,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,781 | €47,215 | -€14,566 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €431 | - | -€431 | |
| Other operating charges | 640/8 | €1,386 | €1,575 | +€189 | +13.6% |
| Gross operating margin | 9900 | €74,422 | €104,372 | +€29,950 | +40.2% |
| Operating profit (loss) | 9901 | €10,823 | €53,060 | +€42,237 | +390.3% |
| Financial income | 75/76B | €38 | €267 | +€228 | +600.8% |
| Recurring financial income | 75 | €38 | €267 | +€228 | +600.8% |
| Financial charges | 65/66B | €2,567 | €2,175 | -€392 | -15.3% |
| Recurring financial charges | 65 | €2,567 | €2,175 | -€392 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €8,294 | €51,152 | +€42,858 | +516.7% |
| Income taxes | 67/77 | €1,798 | €13,359 | +€11,561 | +642.9% |
| Profit (loss) for the period | 9904 | €6,496 | €37,793 | +€31,297 | +481.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,496 | €37,793 | +€31,297 | +481.8% |
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.