INTES: 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.
INTES
Largest movements
- Cash +€24,951
up €24,951 (+48.5%), from €51,469 to €76,420
mainly Net result for the year (+€31,963) and Depreciation (+€22,765)
- Tangible fixed assets -€21,895
down €21,895 (-35.4%), from €61,815 to €39,920
of which Furniture and vehicles: -€18,990
- Current investments -€15,579
down €15,579 (-12.8%), from €121,814 to €106,235
- Reserves -€5,177
down €5,177 (-2.5%), from €208,041 to €202,864
of which Tax-exempt reserves: -€3,351
- Current portion of long-term debt -€5,111
no longer reported in 2025 (was €5,111)
- Tax, wage and social debts +€2,756
up €2,756 (+38.1%), from €7,226 to €9,983
- Depreciation -€14,804
down €14,804 (-39.4%), from €37,569 to €22,765
- Gross operating margin +€13,575
up €13,575 (+25.9%), from €52,417 to €65,992
- Taxes +€7,712
up €7,712 (+106.8%), from €7,221 to €14,934
- Financial income +€845
up €845 (+39.7%), from €2,129 to €2,975
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 | €258,276 | €248,320 | -€9,956 | -3.9% |
| Fixed assets | 21/28 | €62,865 | €40,970 | -€21,895 | -34.8% |
| Tangible fixed assets | 22/27 | €61,815 | €39,920 | -€21,895 | -35.4% |
| Plant, machinery and equipment | 23 | €2,638 | €2,059 | -€578 | -21.9% |
| Furniture and vehicles | 24 | €51,897 | €32,908 | -€18,990 | -36.6% |
| Other tangible fixed assets | 26 | €7,280 | €4,953 | -€2,327 | -32.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €195,411 | €207,351 | +€11,939 | +6.1% |
| Stocks and contracts in progress | 3 | €1,262 | €2,033 | +€771 | +61.1% |
| Stocks | 30/36 | €1,262 | €2,033 | +€771 | +61.1% |
| Amounts receivable within one year | 40/41 | €15,140 | €16,431 | +€1,291 | +8.5% |
| Trade receivables | 40 | €12,092 | €12,861 | +€769 | +6.4% |
| Other amounts receivable | 41 | €3,048 | €3,570 | +€522 | +17.1% |
| Current investments | 50/53 | €121,814 | €106,235 | -€15,579 | -12.8% |
| Cash at bank and in hand | 54/58 | €51,469 | €76,420 | +€24,951 | +48.5% |
| Deferred charges and accrued income | 490/1 | €5,727 | €6,231 | +€504 | +8.8% |
| Total equity and liabilities | 10/49 | €258,276 | €248,320 | -€9,956 | -3.9% |
| Equity | 10/15 | €238,115 | €232,938 | -€5,177 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,041 | €202,864 | -€5,177 | -2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,050 | €16,699 | -€3,351 | -16.7% |
| Distributable reserves | 133 | €186,131 | €184,305 | -€1,827 | -1.0% |
| Profit (loss) carried forward | 14 | €11,474 | €11,474 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,042 | €2,205 | -€838 | -27.5% |
| Deferred taxes | 168 | €3,042 | €2,205 | -€838 | -27.5% |
| Amounts payable | 17/49 | €17,119 | €13,178 | -€3,941 | -23.0% |
| Amounts payable within one year | 42/48 | €14,781 | €9,988 | -€4,793 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €5,111 | - | -€5,111 | |
| Trade debts | 44 | €1,819 | €5 | -€1,814 | -99.7% |
| Suppliers | 440/4 | €1,819 | €5 | -€1,814 | -99.7% |
| Taxes, remuneration and social security | 45 | €7,226 | €9,983 | +€2,756 | +38.1% |
| Taxes | 450/3 | €7,226 | €9,983 | +€2,756 | +38.1% |
| Other amounts payable | 47/48 | €624 | - | -€624 | |
| Accrued charges and deferred income | 492/3 | €2,338 | €3,191 | +€852 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,569 | €22,765 | -€14,804 | -39.4% |
| Other operating charges | 640/8 | €36 | €72 | +€37 | +102.0% |
| Gross operating margin | 9900 | €52,417 | €65,992 | +€13,575 | +25.9% |
| Operating profit (loss) | 9901 | €14,813 | €43,155 | +€28,342 | +191.3% |
| Financial income | 75/76B | €2,129 | €2,975 | +€845 | +39.7% |
| Recurring financial income | 75 | €2,129 | €2,975 | +€845 | +39.7% |
| Financial charges | 65/66B | €163 | €70 | -€93 | -56.9% |
| Recurring financial charges | 65 | €163 | €70 | -€93 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €16,779 | €46,059 | +€29,280 | +174.5% |
| Transfer from deferred taxes | 780 | €838 | €838 | = | 0.0% |
| Income taxes | 67/77 | €7,221 | €14,934 | +€7,712 | +106.8% |
| Profit (loss) for the period | 9904 | €10,396 | €31,963 | +€21,568 | +207.5% |
| Transfer from tax-exempt reserves | 789 | €3,351 | €3,351 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,746 | €35,314 | +€21,568 | +156.9% |
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 7 October 2026 via checked.be.