INTERTEC: 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.
INTERTEC
Largest movements
- Tangible fixed assets +€205,230
up €205,230 (+381.2%), from €53,840 to €259,069
of which Land and buildings: +€142,270
- Cash -€124,752
down €124,752 (-60.8%), from €205,187 to €80,435
mainly Investment in fixed assets (net) (-€231,538) and Current investments (-€106,000)
- Current investments +€106,000
new in 2025: €106,000
- Receivables within one year +€19,509
up €19,509, from €0 to €19,509
of which Other amounts receivable: +€10,387
- Debts after one year +€172,680
up €172,680 (+547.9%), from €31,518 to €204,198
- Reserves +€51,646
up €51,646 (+36.3%), from €142,325 to €193,971
- Tax, wage and social debts -€37,784
down €37,784 (-81.5%), from €46,385 to €8,601
of which Taxes: -€37,651
- Current portion of long-term debt +€19,740
up €19,740 (+157.1%), from €12,567 to €32,307
- Other debts +€19,481
new in 2025: €19,481
- Gross operating margin -€32,522
down €32,522 (-6.8%), from €479,471 to €446,949
- Taxes -€19,716
down €19,716 (-41.7%), from €47,246 to €27,530
- Staff costs +€17,268
up €17,268 (+5.9%), from €293,752 to €311,020
- Depreciation +€8,498
up €8,498 (+45.6%), from €18,636 to €27,133
- Other operating charges -€4,911
down €4,911 (-49.9%), from €9,841 to €4,930
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 | €274,047 | €481,085 | +€207,038 | +75.5% |
| Fixed assets | 21/28 | €54,807 | €259,212 | +€204,405 | +373.0% |
| Intangible fixed assets | 21 | €843 | €18 | -€825 | -97.9% |
| Tangible fixed assets | 22/27 | €53,840 | €259,069 | +€205,230 | +381.2% |
| Land and buildings | 22 | - | €142,270 | +€142,270 | |
| Plant, machinery and equipment | 23 | €7,368 | €7,928 | +€560 | +7.6% |
| Furniture and vehicles | 24 | €30,687 | €98,079 | +€67,391 | +219.6% |
| Leasing and similar rights | 25 | €15,785 | €10,792 | -€4,993 | -31.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €219,240 | €221,873 | +€2,633 | +1.2% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €19,509 | +€19,509 | |
| Trade receivables | 40 | €0 | €9,122 | +€9,122 | |
| Other amounts receivable | 41 | - | €10,387 | +€10,387 | |
| Current investments | 50/53 | - | €106,000 | +€106,000 | |
| Cash at bank and in hand | 54/58 | €205,187 | €80,435 | -€124,752 | -60.8% |
| Deferred charges and accrued income | 490/1 | €13,553 | €15,428 | +€1,876 | +13.8% |
| Total equity and liabilities | 10/49 | €274,047 | €481,085 | +€207,038 | +75.5% |
| Equity | 10/15 | €179,403 | €212,571 | +€33,168 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,325 | €193,971 | +€51,646 | +36.3% |
| Distributable reserves | 133 | €142,325 | €193,971 | +€51,646 | +36.3% |
| Profit (loss) carried forward | 14 | €18,478 | €0 | -€18,478 | -100.0% |
| Amounts payable | 17/49 | €94,644 | €268,514 | +€173,870 | +183.7% |
| Amounts payable after more than one year | 17 | €31,518 | €204,198 | +€172,680 | +547.9% |
| Financial debts | 170/4 | €31,518 | €204,198 | +€172,680 | +547.9% |
| Amounts payable within one year | 42/48 | €63,126 | €64,316 | +€1,190 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €32,307 | +€19,740 | +157.1% |
| Trade debts | 44 | €4,174 | €3,927 | -€248 | -5.9% |
| Suppliers | 440/4 | €4,174 | €3,927 | -€248 | -5.9% |
| Taxes, remuneration and social security | 45 | €46,385 | €8,601 | -€37,784 | -81.5% |
| Taxes | 450/3 | €46,252 | €8,601 | -€37,651 | -81.4% |
| Remuneration and social security | 454/9 | €133 | €0 | -€133 | -100.0% |
| Other amounts payable | 47/48 | - | €19,481 | +€19,481 | |
| Non-recurring operating income | 76A | €2,979 | €0 | -€2,979 | -100.0% |
| Remuneration, social security and pensions | 62 | €293,752 | €311,020 | +€17,268 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,636 | €27,133 | +€8,498 | +45.6% |
| Other operating charges | 640/8 | €9,841 | €4,930 | -€4,911 | -49.9% |
| Non-recurring operating charges | 66A | €684 | €0 | -€684 | -100.0% |
| Gross operating margin | 9900 | €479,471 | €446,949 | -€32,522 | -6.8% |
| Operating profit (loss) | 9901 | €156,558 | €103,866 | -€52,692 | -33.7% |
| Financial income | 75/76B | €448 | €997 | +€548 | +122.2% |
| Recurring financial income | 75 | €448 | €997 | +€548 | +122.2% |
| Financial charges | 65/66B | €2,194 | €4,851 | +€2,657 | +121.1% |
| Recurring financial charges | 65 | €2,194 | €4,851 | +€2,657 | +121.1% |
| Profit (loss) for the period before taxes | 9903 | €154,813 | €100,011 | -€54,801 | -35.4% |
| Income taxes | 67/77 | €47,246 | €27,530 | -€19,716 | -41.7% |
| Profit (loss) for the period | 9904 | €107,567 | €72,482 | -€35,085 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €107,567 | €72,482 | -€35,085 | -32.6% |
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 5 October 2026 via checked.be.