INTERTEXT: 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.
INTERTEXT
Largest movements
- Cash +€42,166
up €42,166 (+39.9%), from €105,760 to €147,926
mainly Net result for the year (+€26,116) and Tax, wage and social debts (+€11,409)
- Reserves +€24,450
up €24,450 (+19.8%), from €123,697 to €148,147
of which Distributable reserves: +€24,450
- Tax, wage and social debts +€11,409
up €11,409 (+80.4%), from €14,198 to €25,606
of which Taxes: +€11,175
- Other debts +€2,173
up €2,173 (+426.8%), from €509 to €2,682
- Trade debts +€2,088
up €2,088 (+365.2%), from €572 to €2,660
- Gross operating margin +€23,283
up €23,283 (+31.6%), from €73,602 to €96,884
- Taxes +€9,043
up €9,043 (+173.7%), from €5,207 to €14,250
- Staff costs +€1,603
up €1,603 (+3.1%), from €52,111 to €53,714
- Financial income +€976
up €976 (+112137.9%), from €1 to €976
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 | €157,801 | €197,695 | +€39,893 | +25.3% |
| Fixed assets | 21/28 | €12,479 | €11,279 | -€1,200 | -9.6% |
| Tangible fixed assets | 22/27 | €12,479 | €11,279 | -€1,200 | -9.6% |
| Land and buildings | 22 | €11,202 | €9,219 | -€1,983 | -17.7% |
| Furniture and vehicles | 24 | €1,278 | €2,060 | +€782 | +61.2% |
| Current assets | 29/58 | €145,322 | €186,415 | +€41,094 | +28.3% |
| Amounts receivable within one year | 40/41 | €13,265 | €12,192 | -€1,073 | -8.1% |
| Trade receivables | 40 | €12,238 | €7,453 | -€4,785 | -39.1% |
| Other amounts receivable | 41 | €1,027 | €4,739 | +€3,712 | +361.6% |
| Current investments | 50/53 | €26,297 | €26,297 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,760 | €147,926 | +€42,166 | +39.9% |
| Total equity and liabilities | 10/49 | €157,801 | €197,695 | +€39,893 | +25.3% |
| Equity | 10/15 | €142,297 | €166,747 | +€24,450 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,697 | €148,147 | +€24,450 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,837 | €146,287 | +€24,450 | +20.1% |
| Amounts payable | 17/49 | €15,504 | €30,948 | +€15,444 | +99.6% |
| Amounts payable within one year | 42/48 | €15,504 | €30,948 | +€15,444 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €226 | - | -€226 | |
| Trade debts | 44 | €572 | €2,660 | +€2,088 | +365.2% |
| Suppliers | 440/4 | €572 | €2,660 | +€2,088 | +365.2% |
| Taxes, remuneration and social security | 45 | €14,198 | €25,606 | +€11,409 | +80.4% |
| Taxes | 450/3 | €8,255 | €19,430 | +€11,175 | +135.4% |
| Remuneration and social security | 454/9 | €5,942 | €6,176 | +€234 | +3.9% |
| Other amounts payable | 47/48 | €509 | €2,682 | +€2,173 | +426.8% |
| Remuneration, social security and pensions | 62 | €52,111 | €53,714 | +€1,603 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,904 | €2,302 | -€602 | -20.7% |
| Other operating charges | 640/8 | €518 | €720 | +€202 | +38.9% |
| Gross operating margin | 9900 | €73,602 | €96,884 | +€23,283 | +31.6% |
| Operating profit (loss) | 9901 | €18,069 | €40,149 | +€22,080 | +122.2% |
| Financial income | 75/76B | €1 | €976 | +€976 | +112137.9% |
| Recurring financial income | 75 | €1 | €976 | +€976 | +112137.9% |
| Financial charges | 65/66B | €824 | €760 | -€64 | -7.8% |
| Recurring financial charges | 65 | €824 | €760 | -€64 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €17,246 | €40,366 | +€23,120 | +134.1% |
| Income taxes | 67/77 | €5,207 | €14,250 | +€9,043 | +173.7% |
| Profit (loss) for the period | 9904 | €12,039 | €26,116 | +€14,076 | +116.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,039 | €26,116 | +€14,076 | +116.9% |
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 29 September 2026 via checked.be.