INTERTOPO: 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.
INTERTOPO
Largest movements
- Cash +€5,425
up €5,425 (+4.0%), from €135,678 to €141,103
mainly Depreciation (+€27,123) and Debts after one year (+€12,206)
- Receivables within one year -€5,225
down €5,225 (-3.4%), from €153,519 to €148,294
of which Trade receivables: -€6,461
- Tangible fixed assets -€4,613
down €4,613 (-9.5%), from €48,558 to €43,945
of which Plant, machinery and equipment: -€11,782
- Debts after one year +€12,206
up €12,206 (+1932.2%), from €632 to €12,838
- Trade debts -€9,673
down €9,673 (-49.5%), from €19,552 to €9,879
- Staff costs -€4,796
down €4,796 (-3.2%), from €150,489 to €145,693
- Depreciation +€4,650
up €4,650 (+20.7%), from €22,472 to €27,123
- Financial charges -€3,360
down €3,360 (-82.5%), from €4,074 to €714
of which Non-recurring financial charges: -€3,526
- Gross operating margin -€2,458
down €2,458 (-1.4%), from €180,069 to €177,611
- Write-downs -€2,034
no longer reported in 2025 (was €2,034)
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 | €342,557 | €339,614 | -€2,943 | -0.9% |
| Fixed assets | 21/28 | €48,558 | €43,945 | -€4,613 | -9.5% |
| Tangible fixed assets | 22/27 | €48,558 | €43,945 | -€4,613 | -9.5% |
| Plant, machinery and equipment | 23 | €23,619 | €11,837 | -€11,782 | -49.9% |
| Furniture and vehicles | 24 | €24,939 | €32,108 | +€7,169 | +28.7% |
| Current assets | 29/58 | €294,000 | €295,669 | +€1,670 | +0.6% |
| Amounts receivable within one year | 40/41 | €153,519 | €148,294 | -€5,225 | -3.4% |
| Trade receivables | 40 | €150,571 | €144,110 | -€6,461 | -4.3% |
| Other amounts receivable | 41 | €2,948 | €4,185 | +€1,237 | +41.9% |
| Cash at bank and in hand | 54/58 | €135,678 | €141,103 | +€5,425 | +4.0% |
| Deferred charges and accrued income | 490/1 | €4,802 | €6,272 | +€1,469 | +30.6% |
| Total equity and liabilities | 10/49 | €342,557 | €339,614 | -€2,943 | -0.9% |
| Equity | 10/15 | €269,070 | €270,930 | +€1,861 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €249,070 | €250,930 | +€1,861 | +0.7% |
| Distributable reserves | 133 | €249,070 | €250,930 | +€1,861 | +0.7% |
| Amounts payable | 17/49 | €73,488 | €68,684 | -€4,804 | -6.5% |
| Amounts payable after more than one year | 17 | €632 | €12,838 | +€12,206 | +1932.2% |
| Financial debts | 170/4 | €632 | €12,838 | +€12,206 | +1932.2% |
| Amounts payable within one year | 42/48 | €60,466 | €45,985 | -€14,481 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €7,550 | €4,395 | -€3,154 | -41.8% |
| Trade debts | 44 | €19,552 | €9,879 | -€9,673 | -49.5% |
| Suppliers | 440/4 | €19,552 | €9,879 | -€9,673 | -49.5% |
| Taxes, remuneration and social security | 45 | €32,776 | €31,710 | -€1,065 | -3.3% |
| Taxes | 450/3 | €5,064 | €5,369 | +€306 | +6.0% |
| Remuneration and social security | 454/9 | €27,712 | €26,341 | -€1,371 | -4.9% |
| Other amounts payable | 47/48 | €588 | - | -€588 | |
| Accrued charges and deferred income | 492/3 | €12,390 | €9,861 | -€2,530 | -20.4% |
| Remuneration, social security and pensions | 62 | €150,489 | €145,693 | -€4,796 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,472 | €27,123 | +€4,650 | +20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,034 | - | -€2,034 | |
| Other operating charges | 640/8 | €1,197 | €848 | -€349 | -29.2% |
| Gross operating margin | 9900 | €180,069 | €177,611 | -€2,458 | -1.4% |
| Operating profit (loss) | 9901 | €3,877 | €3,948 | +€71 | +1.8% |
| Financial income | 75/76B | €911 | €887 | -€24 | -2.6% |
| Recurring financial income | 75 | €911 | €887 | -€24 | -2.6% |
| Financial charges | 65/66B | €4,074 | €714 | -€3,360 | -82.5% |
| Recurring financial charges | 65 | €548 | €714 | +€166 | +30.3% |
| Non-recurring financial charges | 66B | €3,526 | - | -€3,526 | |
| Profit (loss) for the period before taxes | 9903 | €714 | €4,121 | +€3,407 | +477.1% |
| Income taxes | 67/77 | €1,396 | €2,260 | +€864 | +61.9% |
| Profit (loss) for the period | 9904 | -€682 | €1,861 | +€2,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€682 | €1,861 | +€2,543 |
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 10 October 2026 via checked.be.