Intertex: 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.
What changed
Intertex
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€294,241
2024 · €295,268-€1,027
Equity
€6.7m
2024 · €6.2m+€450,530
Cash
€139,734
2024 · €138,211+€1,523
Balance sheet total
€8.2m
2024 · €7.7m+€446,581
Largest movements
Assets
- Current investments +€274,750
up €274,750 (+23.0%), from €1.2m to €1.5m
- Financial fixed assets +€156,289
up €156,289 (+3.9%), from €4.0m to €4.2m
Equity and liabilities
- Reserves +€294,241
up €294,241 (+14.8%), from €2.0m to €2.3m
of which Distributable reserves: +€294,241
- Revaluation surpluses +€156,289
up €156,289 (+6.4%), from €2.4m to €2.6m
Income statement
- Financial charges +€10,043
up €10,043 (+10.4%), from €96,642 to €106,685
- Gross operating margin +€9,054
up €9,054 (+1.7%), from €525,893 to €534,947
- Financial income +€6,750
up €6,750 (+8.7%), from €77,258 to €84,008
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.
Result 2024
€295,268
Gross operating margin
+€9,054
Staff costs
-€1,199
Depreciation
-€966
Write-downs
-€2,757
Other operating charges
-€1,988
Financial income
+€6,750
Financial charges
-€10,043
Taxes
+€122
Result 2025
€294,241
raises the resultlowers the result
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.
From operations
+€281,583
Investment
-€436,349
Financing
+€156,289
Cash 2024
€138,211
From operations (derived)
+€281,583
Net result for the year
+€294,241
Depreciation
+€16,867
Receivables within one year
-€24,587
Deferred charges and accrued income
-€989
Trade debts
+€3,709
Tax, wage and social debts
+€2,268
Advances received
-€3,853
Accrued charges and deferred income
-€6,073
Investment (derived)
-€436,349
Investment in fixed assets (net)
-€161,599
Current investments
-€274,750
Financing
+€156,289
Contributions, distributions and other
+€156,289
Cash 2025
€139,734
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,712,715 | €8,159,296 | +€446,581 | +5.8% |
| Fixed assets | 21/28 | €5,773,082 | €5,917,814 | +€144,732 | +2.5% |
| Intangible fixed assets | 21 | €88,987 | €88,987 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,648,166 | €1,636,609 | -€11,557 | -0.7% |
| Land and buildings | 22 | €1,630,355 | €1,622,188 | -€8,167 | -0.5% |
| Plant, machinery and equipment | 23 | €13,525 | €7,951 | -€5,574 | -41.2% |
| Furniture and vehicles | 24 | €4,286 | €6,470 | +€2,184 | +51.0% |
| Financial fixed assets | 28 | €4,035,929 | €4,192,218 | +€156,289 | +3.9% |
| Current assets | 29/58 | €1,939,633 | €2,241,482 | +€301,849 | +15.6% |
| Amounts receivable after more than one year | 29 | €475,000 | €475,000 | = | 0.0% |
| Other amounts receivable | 291 | €475,000 | €475,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €134,007 | €158,594 | +€24,587 | +18.3% |
| Trade receivables | 40 | €134,007 | €158,138 | +€24,131 | +18.0% |
| Other amounts receivable | 41 | - | €456 | +€456 | |
| Current investments | 50/53 | €1,192,284 | €1,467,034 | +€274,750 | +23.0% |
| Cash at bank and in hand | 54/58 | €138,211 | €139,734 | +€1,523 | +1.1% |
| Deferred charges and accrued income | 490/1 | €131 | €1,120 | +€989 | +755% |
| Total equity and liabilities | 10/49 | €7,712,715 | €8,159,296 | +€446,581 | +5.8% |
| Equity | 10/15 | €6,218,606 | €6,669,136 | +€450,530 | +7.2% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,430,750 | €2,587,039 | +€156,289 | +6.4% |
| Reserves | 13 | €1,987,856 | €2,282,097 | +€294,241 | +14.8% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Legal reserve | 130 | €180,000 | €180,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,424 | €36,424 | = | 0.0% |
| Distributable reserves | 133 | €1,771,432 | €2,065,673 | +€294,241 | +16.6% |
| Amounts payable | 17/49 | €1,494,109 | €1,490,160 | -€3,949 | -0.3% |
| Amounts payable after more than one year | 17 | €1,200,000 | €1,200,000 | = | 0.0% |
| Financial debts | 170/4 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,656 | €152,780 | +€2,124 | +1.4% |
| Trade debts | 44 | €34,438 | €38,147 | +€3,709 | +10.8% |
| Suppliers | 440/4 | €34,438 | €38,147 | +€3,709 | +10.8% |
| Advances received on contracts in progress | 46 | €91,556 | €87,703 | -€3,853 | -4.2% |
| Taxes, remuneration and social security | 45 | €24,662 | €26,930 | +€2,268 | +9.2% |
| Taxes | 450/3 | €24,662 | €26,930 | +€2,268 | +9.2% |
| Accrued charges and deferred income | 492/3 | €143,453 | €137,380 | -€6,073 | -4.2% |
| Remuneration, social security and pensions | 62 | €31,059 | €32,258 | +€1,199 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,901 | €16,867 | +€966 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,757 | +€2,757 | |
| Other operating charges | 640/8 | €65,006 | €66,994 | +€1,988 | +3.1% |
| Gross operating margin | 9900 | €525,893 | €534,947 | +€9,054 | +1.7% |
| Operating profit (loss) | 9901 | €413,927 | €416,071 | +€2,144 | +0.5% |
| Financial income | 75/76B | €77,258 | €84,008 | +€6,750 | +8.7% |
| Recurring financial income | 75 | €77,258 | €84,008 | +€6,750 | +8.7% |
| Financial charges | 65/66B | €96,642 | €106,685 | +€10,043 | +10.4% |
| Recurring financial charges | 65 | €96,642 | €106,685 | +€10,043 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €394,543 | €393,394 | -€1,149 | -0.3% |
| Income taxes | 67/77 | €99,275 | €99,153 | -€122 | -0.1% |
| Profit (loss) for the period | 9904 | €295,268 | €294,241 | -€1,027 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €295,268 | €294,241 | -€1,027 | -0.3% |
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 14 October 2026 via checked.be.