INTHUS: 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.
INTHUS
Largest movements
- Tangible fixed assets -€30,463
down €30,463 (-15.3%), from €199,389 to €168,926
of which Plant, machinery and equipment: -€20,404
- Receivables within one year +€17,730
up €17,730 (+100.3%), from €17,672 to €35,402
of which Trade receivables: +€22,096
- Cash +€8,163
up €8,163 (+52.3%), from €15,610 to €23,772
mainly Depreciation (+€48,460) and Net result for the year (+€25,108)
- Intangible fixed assets -€2,833
down €2,833 (-39.3%), from €7,212 to €4,379
- Other debts -€34,580
down €34,580 (-28.4%), from €121,888 to €87,307
- Reserves +€25,108
up €25,108 (+154.1%), from €16,296 to €41,405
- Gross operating margin +€41,306
up €41,306 (+73.6%), from €56,098 to €97,404
- Depreciation +€25,018
up €25,018 (+106.7%), from €23,442 to €48,460
- Other operating charges +€7,048
up €7,048 (+158.8%), from €4,437 to €11,485
- Taxes +€2,802
up €2,802 (+50.8%), from €5,518 to €8,320
- Financial charges -€1,518
down €1,518 (-23.7%), from €6,405 to €4,887
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 | €250,622 | €243,135 | -€7,487 | -3.0% |
| Fixed assets | 21/28 | €206,600 | €173,304 | -€33,296 | -16.1% |
| Intangible fixed assets | 21 | €7,212 | €4,379 | -€2,833 | -39.3% |
| Tangible fixed assets | 22/27 | €199,389 | €168,926 | -€30,463 | -15.3% |
| Plant, machinery and equipment | 23 | €140,382 | €119,978 | -€20,404 | -14.5% |
| Furniture and vehicles | 24 | €59,007 | €48,948 | -€10,059 | -17.0% |
| Current assets | 29/58 | €44,022 | €69,831 | +€25,809 | +58.6% |
| Stocks and contracts in progress | 3 | €10,741 | €9,182 | -€1,558 | -14.5% |
| Stocks | 30/36 | €10,741 | €9,182 | -€1,558 | -14.5% |
| Amounts receivable within one year | 40/41 | €17,672 | €35,402 | +€17,730 | +100.3% |
| Trade receivables | 40 | €11,204 | €33,299 | +€22,096 | +197.2% |
| Other amounts receivable | 41 | €6,468 | €2,103 | -€4,365 | -67.5% |
| Cash at bank and in hand | 54/58 | €15,610 | €23,772 | +€8,163 | +52.3% |
| Deferred charges and accrued income | 490/1 | - | €1,475 | +€1,475 | |
| Total equity and liabilities | 10/49 | €250,622 | €243,135 | -€7,487 | -3.0% |
| Equity | 10/15 | €17,296 | €42,405 | +€25,108 | +145.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,296 | €41,405 | +€25,108 | +154.1% |
| Distributable reserves | 133 | €16,296 | €41,405 | +€25,108 | +154.1% |
| Amounts payable | 17/49 | €233,326 | €200,731 | -€32,595 | -14.0% |
| Amounts payable after more than one year | 17 | €77,814 | €77,799 | -€14 | 0.0% |
| Financial debts | 170/4 | €77,814 | €77,799 | -€14 | 0.0% |
| Amounts payable within one year | 42/48 | €155,512 | €122,931 | -€32,581 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €21,428 | €21,892 | +€464 | +2.2% |
| Trade debts | 44 | €5,039 | €4,936 | -€104 | -2.1% |
| Suppliers | 440/4 | €5,039 | €4,936 | -€104 | -2.1% |
| Taxes, remuneration and social security | 45 | €7,157 | €8,797 | +€1,639 | +22.9% |
| Taxes | 450/3 | €7,157 | €8,797 | +€1,639 | +22.9% |
| Other amounts payable | 47/48 | €121,888 | €87,307 | -€34,580 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,442 | €48,460 | +€25,018 | +106.7% |
| Other operating charges | 640/8 | €4,437 | €11,485 | +€7,048 | +158.8% |
| Gross operating margin | 9900 | €56,098 | €97,404 | +€41,306 | +73.6% |
| Operating profit (loss) | 9901 | €28,219 | €37,458 | +€9,240 | +32.7% |
| Financial income | 75/76B | - | €856 | +€856 | |
| Recurring financial income | 75 | - | €856 | +€856 | |
| Financial charges | 65/66B | €6,405 | €4,887 | -€1,518 | -23.7% |
| Recurring financial charges | 65 | €6,405 | €4,887 | -€1,518 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €21,814 | €33,428 | +€11,614 | +53.2% |
| Income taxes | 67/77 | €5,518 | €8,320 | +€2,802 | +50.8% |
| Profit (loss) for the period | 9904 | €16,296 | €25,108 | +€8,812 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,296 | €25,108 | +€8,812 | +54.1% |
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 3 October 2026 via checked.be.