INTHEMIA: 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.
INTHEMIA
Largest movements
- Cash -€22,863
down €22,863 (-51.4%), from €44,474 to €21,611
mainly Debts after one year (-€29,601) and Net result for the year (-€9,129)
- Tangible fixed assets -€18,600
down €18,600 (-5.1%), from €367,920 to €349,320
of which Land and buildings: -€15,371
- Debts after one year -€29,601
down €29,601 (-33.3%), from €88,767 to €59,166
- Profit (loss) carried forward -€9,129
down €9,129, from €6,890 to -€2,239
- Gross operating margin -€77,292
down €77,292 (-83.0%), from €93,110 to €15,818
- Financial charges +€1,490
up €1,490 (+40.1%), from €3,713 to €5,203
- Other operating charges +€1,144
new in 2025: €1,144
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 | €416,719 | €377,635 | -€39,084 | -9.4% |
| Fixed assets | 21/28 | €367,920 | €349,320 | -€18,600 | -5.1% |
| Tangible fixed assets | 22/27 | €367,920 | €349,320 | -€18,600 | -5.1% |
| Land and buildings | 22 | €356,690 | €341,318 | -€15,371 | -4.3% |
| Furniture and vehicles | 24 | €11,230 | €8,001 | -€3,229 | -28.7% |
| Current assets | 29/58 | €48,800 | €28,315 | -€20,484 | -42.0% |
| Amounts receivable within one year | 40/41 | €4,325 | €6,704 | +€2,379 | +55.0% |
| Trade receivables | 40 | €3,748 | €5,343 | +€1,595 | +42.5% |
| Other amounts receivable | 41 | €577 | €1,362 | +€784 | +135.8% |
| Cash at bank and in hand | 54/58 | €44,474 | €21,611 | -€22,863 | -51.4% |
| Total equity and liabilities | 10/49 | €416,719 | €377,635 | -€39,084 | -9.4% |
| Equity | 10/15 | €26,890 | €17,761 | -€9,129 | -33.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,890 | -€2,239 | -€9,129 | |
| Amounts payable | 17/49 | €389,829 | €359,874 | -€29,955 | -7.7% |
| Amounts payable after more than one year | 17 | €88,767 | €59,166 | -€29,601 | -33.3% |
| Financial debts | 170/4 | €88,767 | €59,166 | -€29,601 | -33.3% |
| Amounts payable within one year | 42/48 | €301,062 | €300,708 | -€354 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €30,718 | €31,558 | +€840 | +2.7% |
| Trade debts | 44 | €7,329 | €6,177 | -€1,152 | -15.7% |
| Suppliers | 440/4 | €7,329 | €6,177 | -€1,152 | -15.7% |
| Other amounts payable | 47/48 | €263,015 | €262,974 | -€41 | 0.0% |
| Remuneration, social security and pensions | 62 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,600 | €18,600 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,144 | +€1,144 | |
| Gross operating margin | 9900 | €93,110 | €15,818 | -€77,292 | -83.0% |
| Operating profit (loss) | 9901 | €74,496 | -€3,926 | -€78,423 | |
| Financial charges | 65/66B | €3,713 | €5,203 | +€1,490 | +40.1% |
| Recurring financial charges | 65 | €3,713 | €5,203 | +€1,490 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €70,783 | -€9,129 | -€79,912 | |
| Profit (loss) for the period | 9904 | €70,783 | -€9,129 | -€79,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,783 | -€9,129 | -€79,912 |
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 6 October 2026 via checked.be.