INTERTRAN GROUP: 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
INTERTRAN GROUP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€268,605
2024 · €272,518-€3,913
Equity
€1.4m
2024 · €1.7m-€371,154
Cash
€192,872
2024 · €114,501+€78,371
Balance sheet total
€2.1m
2024 · €1.8m+€226,279
Largest movements
Assets
- Current investments +€173,122
up €173,122 (+13.0%), from €1.3m to €1.5m
- Cash +€78,371
up €78,371 (+68.4%), from €114,501 to €192,872
mainly Other debts (+€612,353) and Net result for the year (+€268,605)
Equity and liabilities
- Other debts +€612,353
new in 2025: €612,353
- Reserves -€371,159
down €371,159 (-24.8%), from €1.5m to €1.1m
Income statement
- Gross operating margin -€31,770
down €31,770 (-82.4%), from €38,543 to €6,773
- Financial income +€13,927
up €13,927 (+4.8%), from €293,189 to €307,116
- Taxes -€13,456
down €13,456 (-29.8%), from €45,222 to €31,766
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
€272,518
Gross operating margin
-€31,770
Depreciation
+€72
Other operating charges
+€319
Financial income
+€13,927
Financial charges
+€83
Taxes
+€13,456
Result 2025
€268,605
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
+€903,793
Investment
-€173,122
Financing
-€652,300
Cash 2024
€114,501
From operations (derived)
+€903,793
Net result for the year
+€268,605
Depreciation
+€10,839
Receivables after one year
+€8,055
Receivables within one year
+€6,369
Smaller working-capital items
+€1,514
Tax, wage and social debts
-€3,942
Other debts
+€612,353
Investment (derived)
-€173,122
Current investments
-€173,122
Financing
-€652,300
Debts after one year
-€12,691
Current portion of long-term debt
+€150
Contributions, distributions and other
-€639,759
Cash 2025
€192,872
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,837,888 | €2,064,167 | +€226,279 | +12.3% |
| Fixed assets | 21/28 | €378,601 | €367,762 | -€10,839 | -2.9% |
| Tangible fixed assets | 22/27 | €182,831 | €171,992 | -€10,839 | -5.9% |
| Land and buildings | 22 | €181,867 | €171,822 | -€10,045 | -5.5% |
| Furniture and vehicles | 24 | €964 | €170 | -€794 | -82.4% |
| Financial fixed assets | 28 | €195,770 | €195,770 | = | 0.0% |
| Current assets | 29/58 | €1,459,287 | €1,696,405 | +€237,118 | +16.2% |
| Amounts receivable after more than one year | 29 | €8,055 | - | -€8,055 | |
| Other amounts receivable | 291 | €8,055 | - | -€8,055 | |
| Amounts receivable within one year | 40/41 | €8,536 | €2,167 | -€6,369 | -74.6% |
| Trade receivables | 40 | €1,535 | - | -€1,535 | |
| Other amounts receivable | 41 | €7,001 | €2,167 | -€4,834 | -69.0% |
| Current investments | 50/53 | €1,327,289 | €1,500,411 | +€173,122 | +13.0% |
| Cash at bank and in hand | 54/58 | €114,501 | €192,872 | +€78,371 | +68.4% |
| Deferred charges and accrued income | 490/1 | €906 | €955 | +€49 | +5.4% |
| Total equity and liabilities | 10/49 | €1,837,888 | €2,064,167 | +€226,279 | +12.3% |
| Equity | 10/15 | €1,748,134 | €1,376,980 | -€371,154 | -21.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,498,094 | €1,126,935 | -€371,159 | -24.8% |
| Distributable reserves | 133 | €1,498,094 | €1,126,935 | -€371,159 | -24.8% |
| Profit (loss) carried forward | 14 | €40 | €45 | +€5 | +12.5% |
| Amounts payable | 17/49 | €89,754 | €687,187 | +€597,433 | +666% |
| Amounts payable after more than one year | 17 | €52,722 | €40,031 | -€12,691 | -24.1% |
| Financial debts | 170/4 | €52,722 | €40,031 | -€12,691 | -24.1% |
| Amounts payable within one year | 42/48 | €37,032 | €647,156 | +€610,124 | +1,648% |
| Current portion of amounts payable after more than one year | 42 | €13,592 | €13,742 | +€150 | +1.1% |
| Trade debts | 44 | €2,235 | €3,798 | +€1,563 | +69.9% |
| Suppliers | 440/4 | €2,235 | €3,798 | +€1,563 | +69.9% |
| Taxes, remuneration and social security | 45 | €21,205 | €17,263 | -€3,942 | -18.6% |
| Taxes | 450/3 | €21,205 | €17,263 | -€3,942 | -18.6% |
| Other amounts payable | 47/48 | - | €612,353 | +€612,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,911 | €10,839 | -€72 | -0.7% |
| Other operating charges | 640/8 | €2,160 | €1,841 | -€319 | -14.8% |
| Gross operating margin | 9900 | €38,543 | €6,773 | -€31,770 | -82.4% |
| Operating profit (loss) | 9901 | €25,472 | -€5,907 | -€31,379 | |
| Financial income | 75/76B | €293,189 | €307,116 | +€13,927 | +4.8% |
| Recurring financial income | 75 | €293,189 | €307,116 | +€13,927 | +4.8% |
| Financial charges | 65/66B | €921 | €838 | -€83 | -9.0% |
| Recurring financial charges | 65 | €921 | €838 | -€83 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €317,740 | €300,371 | -€17,369 | -5.5% |
| Income taxes | 67/77 | €45,222 | €31,766 | -€13,456 | -29.8% |
| Profit (loss) for the period | 9904 | €272,518 | €268,605 | -€3,913 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €272,518 | €268,605 | -€3,913 | -1.4% |
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.