INTHOVEST: what changed
What changed
INTHOVEST
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€95,017
2024 · €68,235+€26,781
Equity
€843,992
2024 · €957,947-€113,955
Cash
€372,912
2024 · €359,283+€13,630
Balance sheet total
€1.3m
2024 · €1.4m-€41,281
Largest movements
Assets
- Tangible fixed assets -€68,967
down €68,967 (-7.1%), from €968,670 to €899,703
- Receivables within one year +€14,056
up €14,056 (+34.4%), from €40,865 to €54,921
of which Trade receivables: +€17,714
Equity and liabilities
- Other debts +€131,924
up €131,924 (+133%), from €99,056 to €230,980
- Reserves -€113,955
down €113,955 (-12.0%), from €950,077 to €836,122
- Debts after one year -€37,635
down €37,635 (-16.0%), from €235,215 to €197,581
- Accrued charges and deferred income -€25,438
down €25,438 (-92.7%), from €27,427 to €1,989
Income statement
- Financial charges -€25,202
down €25,202 (-76.4%), from €32,975 to €7,773
- Taxes +€12,338
up €12,338 (+47.0%), from €26,239 to €38,577
- Gross operating margin +€8,285
up €8,285 (+3.8%), from €220,025 to €228,309
- Depreciation -€6,651
down €6,651 (-8.8%), from €75,618 to €68,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€68,235
Gross operating margin
+€8,285
Depreciation
+€6,651
Other operating charges
-€562
Financial income
-€456
Financial charges
+€25,202
Taxes
-€12,338
Result 2025
€95,017
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€260,236
Investment
€0
Financing
-€246,606
Cash 2024
€359,283
From operations (derived)
+€260,236
Net result for the year
+€95,017
Depreciation
+€68,967
Receivables within one year
-€14,056
Trade debts
+€2,460
Tax, wage and social debts
+€1,363
Other debts
+€131,924
Accrued charges and deferred income
-€25,438
Financing
-€246,606
Debts after one year
-€37,635
Contributions, distributions and other
-€208,972
Cash 2025
€372,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,818 | €1,327,537 | -€41,281 | -3.0% |
| Fixed assets | 21/28 | €968,670 | €899,703 | -€68,967 | -7.1% |
| Tangible fixed assets | 22/27 | €968,670 | €899,703 | -€68,967 | -7.1% |
| Land and buildings | 22 | €968,670 | €899,703 | -€68,967 | -7.1% |
| Current assets | 29/58 | €400,148 | €427,833 | +€27,686 | +6.9% |
| Amounts receivable within one year | 40/41 | €40,865 | €54,921 | +€14,056 | +34.4% |
| Trade receivables | 40 | €11,732 | €29,446 | +€17,714 | +151% |
| Other amounts receivable | 41 | €29,133 | €25,475 | -€3,658 | -12.6% |
| Cash at bank and in hand | 54/58 | €359,283 | €372,912 | +€13,630 | +3.8% |
| Total equity and liabilities | 10/49 | €1,368,818 | €1,327,537 | -€41,281 | -3.0% |
| Equity | 10/15 | €957,947 | €843,992 | -€113,955 | -11.9% |
| Contributions | 10/11 | €6,457 | €6,457 | = | 0.0% |
| Reserves | 13 | €950,077 | €836,122 | -€113,955 | -12.0% |
| Distributable reserves | 133 | €950,077 | €836,122 | -€113,955 | -12.0% |
| Profit (loss) carried forward | 14 | €1,414 | €1,414 | = | 0.0% |
| Amounts payable | 17/49 | €410,871 | €483,544 | +€72,674 | +17.7% |
| Amounts payable after more than one year | 17 | €235,215 | €197,581 | -€37,635 | -16.0% |
| Financial debts | 170/4 | €235,215 | €197,581 | -€37,635 | -16.0% |
| Amounts payable within one year | 42/48 | €148,229 | €283,975 | +€135,746 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €37,635 | €37,635 | = | 0.0% |
| Trade debts | 44 | €1,683 | €4,143 | +€2,460 | +146% |
| Suppliers | 440/4 | €1,683 | €4,143 | +€2,460 | +146% |
| Taxes, remuneration and social security | 45 | €9,855 | €11,218 | +€1,363 | +13.8% |
| Taxes | 450/3 | €9,855 | €11,218 | +€1,363 | +13.8% |
| Other amounts payable | 47/48 | €99,056 | €230,980 | +€131,924 | +133% |
| Accrued charges and deferred income | 492/3 | €27,427 | €1,989 | -€25,438 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,618 | €68,967 | -€6,651 | -8.8% |
| Other operating charges | 640/8 | €17,751 | €18,313 | +€562 | +3.2% |
| Gross operating margin | 9900 | €220,025 | €228,309 | +€8,285 | +3.8% |
| Operating profit (loss) | 9901 | €126,656 | €141,029 | +€14,373 | +11.3% |
| Financial income | 75/76B | €793 | €337 | -€456 | -57.5% |
| Recurring financial income | 75 | €793 | €337 | -€456 | -57.5% |
| Financial charges | 65/66B | €32,975 | €7,773 | -€25,202 | -76.4% |
| Recurring financial charges | 65 | €32,975 | €7,773 | -€25,202 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €94,474 | €133,594 | +€39,119 | +41.4% |
| Income taxes | 67/77 | €26,239 | €38,577 | +€12,338 | +47.0% |
| Profit (loss) for the period | 9904 | €68,235 | €95,017 | +€26,781 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,235 | €95,017 | +€26,781 | +39.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.