INTERTEL: 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.
INTERTEL
Largest movements
- Stocks and contracts +€297,208
up €297,208 (+3,163%), from €9,395 to €306,603
- Cash -€113,381
down €113,381 (-85.2%), from €133,071 to €19,690
mainly Stocks and contracts (-€297,208) and Net result for the year (-€9,991)
- Receivables within one year -€51,460
down €51,460 (-63.9%), from €80,478 to €29,017
of which Trade receivables: -€51,466
- Tangible fixed assets -€6,310
down €6,310 (-14.0%), from €45,015 to €38,705
of which Plant, machinery and equipment: -€3,791
- Other debts +€65,942
up €65,942 (+38.5%), from €171,326 to €237,269
- Advances received +€39,500
up €39,500 (+22.8%), from €173,438 to €212,938
- Trade debts +€30,914
up €30,914 (+256%), from €12,080 to €42,994
- Profit (loss) carried forward -€9,991
down €9,991 (-6.6%), from -€150,885 to -€160,877
- Gross operating margin -€14,168
down €14,168, from €11,709 to -€2,460
- Depreciation -€3,366
down €3,366 (-34.8%), from €9,676 to €6,310
- Other operating charges +€345
up €345 (+65.0%), from €530 to €875
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 | €267,958 | €394,323 | +€126,365 | +47.2% |
| Fixed assets | 21/28 | €45,015 | €39,014 | -€6,001 | -13.3% |
| Tangible fixed assets | 22/27 | €45,015 | €38,705 | -€6,310 | -14.0% |
| Plant, machinery and equipment | 23 | €42,496 | €38,705 | -€3,791 | -8.9% |
| Furniture and vehicles | 24 | €2,520 | - | -€2,520 | |
| Financial fixed assets | 28 | - | €309 | +€309 | |
| Current assets | 29/58 | €222,943 | €355,309 | +€132,366 | +59.4% |
| Stocks and contracts in progress | 3 | €9,395 | €306,603 | +€297,208 | +3,163% |
| Stocks | 30/36 | €9,395 | €306,603 | +€297,208 | +3,163% |
| Amounts receivable within one year | 40/41 | €80,478 | €29,017 | -€51,460 | -63.9% |
| Trade receivables | 40 | €79,735 | €28,269 | -€51,466 | -64.5% |
| Other amounts receivable | 41 | €742 | €748 | +€6 | +0.8% |
| Cash at bank and in hand | 54/58 | €133,071 | €19,690 | -€113,381 | -85.2% |
| Total equity and liabilities | 10/49 | €267,958 | €394,323 | +€126,365 | +47.2% |
| Equity | 10/15 | -€88,885 | -€98,877 | -€9,991 | -11.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,885 | -€160,877 | -€9,991 | -6.6% |
| Amounts payable | 17/49 | €356,844 | €493,200 | +€136,356 | +38.2% |
| Amounts payable within one year | 42/48 | €356,844 | €493,200 | +€136,356 | +38.2% |
| Trade debts | 44 | €12,080 | €42,994 | +€30,914 | +256% |
| Suppliers | 440/4 | €12,080 | €42,994 | +€30,914 | +256% |
| Advances received on contracts in progress | 46 | €173,438 | €212,938 | +€39,500 | +22.8% |
| Other amounts payable | 47/48 | €171,326 | €237,269 | +€65,942 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,676 | €6,310 | -€3,366 | -34.8% |
| Other operating charges | 640/8 | €530 | €875 | +€345 | +65.0% |
| Gross operating margin | 9900 | €11,709 | -€2,460 | -€14,168 | |
| Operating profit (loss) | 9901 | €1,503 | -€9,645 | -€11,147 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €366 | €347 | -€19 | -5.2% |
| Recurring financial charges | 65 | €366 | €347 | -€19 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,136 | -€9,991 | -€11,127 | |
| Profit (loss) for the period | 9904 | €1,136 | -€9,991 | -€11,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,136 | -€9,991 | -€11,127 |
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 17 October 2026 via checked.be.