INTERTEL: 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.
INTERTEL
Largest movements
- Receivables within one year +€107,860
up €107,860 (+19.0%), from €567,462 to €675,323
of which Other amounts receivable: +€166,250
- Cash -€41,242
down €41,242 (-28.0%), from €147,389 to €106,147
mainly Receivables within one year (-€107,860) and Trade debts (-€51,031)
- Tangible fixed assets -€18,174
down €18,174 (-42.9%), from €42,365 to €24,192
- Profit (loss) carried forward +€101,803
up €101,803 (+49.6%), from €205,085 to €306,888
- Trade debts -€51,031
down €51,031 (-54.0%), from €94,450 to €43,419
- Financial charges -€106,915
down €106,915 (-95.8%), from €111,639 to €4,724
of which Financial charges: -€105,415
- Other operating charges +€45,371
up €45,371 (+2547.7%), from €1,781 to €47,152
- Financial income +€23,333
up €23,333 (+331.7%), from €7,035 to €30,368
of which Financial income: +€23,333
- Gross operating margin -€21,935
down €21,935 (-8.3%), from €262,847 to €240,912
- Taxes +€14,515
up €14,515 (+71.6%), from €20,260 to €34,776
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 | €882,133 | €925,944 | +€43,811 | +5.0% |
| Fixed assets | 21/28 | €62,626 | €44,293 | -€18,332 | -29.3% |
| Intangible fixed assets | 21 | €14,063 | €13,904 | -€159 | -1.1% |
| Tangible fixed assets | 22/27 | €42,365 | €24,192 | -€18,174 | -42.9% |
| Furniture and vehicles | 24 | €42,365 | €24,192 | -€18,174 | -42.9% |
| Financial fixed assets | 28 | €6,197 | €6,197 | = | 0.0% |
| Current assets | 29/58 | €819,507 | €881,651 | +€62,144 | +7.6% |
| Amounts receivable after more than one year | 29 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 291 | €13,000 | €13,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €86,601 | €81,041 | -€5,560 | -6.4% |
| Stocks | 30/36 | €86,601 | €81,041 | -€5,560 | -6.4% |
| Amounts receivable within one year | 40/41 | €567,462 | €675,323 | +€107,860 | +19.0% |
| Trade receivables | 40 | €65,517 | €7,127 | -€58,390 | -89.1% |
| Other amounts receivable | 41 | €501,945 | €668,196 | +€166,250 | +33.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €147,389 | €106,147 | -€41,242 | -28.0% |
| Deferred charges and accrued income | 490/1 | €5,054 | €6,139 | +€1,085 | +21.5% |
| Total equity and liabilities | 10/49 | €882,133 | €925,944 | +€43,811 | +5.0% |
| Equity | 10/15 | €773,677 | €875,480 | +€101,803 | +13.2% |
| Contributions | 10/11 | €568,592 | €568,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,085 | €306,888 | +€101,803 | +49.6% |
| Amounts payable | 17/49 | €108,456 | €50,464 | -€57,992 | -53.5% |
| Amounts payable after more than one year | 17 | €250 | €0 | -€250 | -100.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €250 | €0 | -€250 | -100.0% |
| Amounts payable within one year | 42/48 | €108,206 | €50,464 | -€57,742 | -53.4% |
| Trade debts | 44 | €94,450 | €43,419 | -€51,031 | -54.0% |
| Suppliers | 440/4 | €94,450 | €43,419 | -€51,031 | -54.0% |
| Taxes, remuneration and social security | 45 | €13,212 | €6,574 | -€6,638 | -50.2% |
| Taxes | 450/3 | €3,811 | €0 | -€3,811 | -100.0% |
| Remuneration and social security | 454/9 | €9,401 | €6,574 | -€2,827 | -30.1% |
| Other amounts payable | 47/48 | €544 | €471 | -€73 | -13.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,117 | +€2,117 | |
| Remuneration, social security and pensions | 62 | €54,670 | €56,590 | +€1,920 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,421 | €26,237 | +€2,816 | +12.0% |
| Other operating charges | 640/8 | €1,781 | €47,152 | +€45,371 | +2547.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €262,847 | €240,912 | -€21,935 | -8.3% |
| Operating profit (loss) | 9901 | €182,975 | €110,934 | -€72,041 | -39.4% |
| Financial income | 75/76B | €7,035 | €30,368 | +€23,333 | +331.7% |
| Recurring financial income | 75 | €7,035 | €30,368 | +€23,333 | +331.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €111,639 | €4,724 | -€106,915 | -95.8% |
| Recurring financial charges | 65 | €110,139 | €4,724 | -€105,415 | -95.7% |
| Non-recurring financial charges | 66B | €1,500 | €0 | -€1,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €78,371 | €136,579 | +€58,207 | +74.3% |
| Income taxes | 67/77 | €20,260 | €34,776 | +€14,515 | +71.6% |
| Profit (loss) for the period | 9904 | €58,111 | €101,803 | +€43,692 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,111 | €101,803 | +€43,692 | +75.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.