Inthys Management Consult: 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.
Inthys Management Consult
Largest movements
- Cash -€95,882
down €95,882 (-35.2%), from €272,744 to €176,862
mainly Contributions, distributions and other (-€191,843) and Tax, wage and social debts (-€43,897)
- Tangible fixed assets -€28,525
down €28,525 (-49.6%), from €57,480 to €28,955
of which Furniture and vehicles: -€33,925
- Receivables within one year +€23,213
up €23,213 (+52.5%), from €44,189 to €67,402
of which Trade receivables: +€29,296
- Reserves -€56,871
down €56,871 (-22.6%), from €251,566 to €194,695
- Tax, wage and social debts -€43,897
down €43,897 (-64.5%), from €68,057 to €24,160
of which Taxes: -€43,897
- Other debts +€10,046
up €10,046 (+8.6%), from €116,521 to €126,567
- Current portion of long-term debt -€7,071
down €7,071 (-58.1%), from €12,181 to €5,110
- Debts after one year -€5,110
no longer reported in 2025 (was €5,110)
- Gross operating margin +€18,348
up €18,348 (+10.7%), from €171,405 to €189,753
- Depreciation -€7,744
down €7,744 (-34.2%), from €22,644 to €14,900
- Taxes +€5,475
up €5,475 (+15.8%), from €34,729 to €40,204
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,267 | €359,911 | -€102,356 | -22.1% |
| Fixed assets | 21/28 | €61,988 | €33,463 | -€28,525 | -46.0% |
| Tangible fixed assets | 22/27 | €57,480 | €28,955 | -€28,525 | -49.6% |
| Plant, machinery and equipment | 23 | €5,306 | €4,566 | -€741 | -14.0% |
| Furniture and vehicles | 24 | €52,173 | €18,248 | -€33,925 | -65.0% |
| Other tangible fixed assets | 26 | - | €6,141 | +€6,141 | |
| Financial fixed assets | 28 | €4,508 | €4,508 | = | 0.0% |
| Current assets | 29/58 | €400,280 | €326,449 | -€73,831 | -18.4% |
| Amounts receivable within one year | 40/41 | €44,189 | €67,402 | +€23,213 | +52.5% |
| Trade receivables | 40 | €18,518 | €47,814 | +€29,296 | +158% |
| Other amounts receivable | 41 | €25,671 | €19,588 | -€6,083 | -23.7% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €272,744 | €176,862 | -€95,882 | -35.2% |
| Deferred charges and accrued income | 490/1 | €3,347 | €2,185 | -€1,162 | -34.7% |
| Total equity and liabilities | 10/49 | €462,267 | €359,911 | -€102,356 | -22.1% |
| Equity | 10/15 | €256,566 | €199,695 | -€56,871 | -22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €251,566 | €194,695 | -€56,871 | -22.6% |
| Distributable reserves | 133 | €251,566 | €194,695 | -€56,871 | -22.6% |
| Amounts payable | 17/49 | €205,701 | €160,217 | -€45,484 | -22.1% |
| Amounts payable after more than one year | 17 | €5,110 | - | -€5,110 | |
| Financial debts | 170/4 | €5,110 | - | -€5,110 | |
| Amounts payable within one year | 42/48 | €200,518 | €160,167 | -€40,351 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €12,181 | €5,110 | -€7,071 | -58.1% |
| Trade debts | 44 | €3,759 | €4,329 | +€570 | +15.2% |
| Suppliers | 440/4 | €3,759 | €4,329 | +€570 | +15.2% |
| Taxes, remuneration and social security | 45 | €68,057 | €24,160 | -€43,897 | -64.5% |
| Taxes | 450/3 | €66,427 | €22,530 | -€43,897 | -66.1% |
| Remuneration and social security | 454/9 | €1,630 | €1,630 | = | 0.0% |
| Other amounts payable | 47/48 | €116,521 | €126,567 | +€10,046 | +8.6% |
| Accrued charges and deferred income | 492/3 | €74 | €50 | -€24 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,644 | €14,900 | -€7,744 | -34.2% |
| Other operating charges | 640/8 | €791 | €794 | +€3 | +0.4% |
| Non-recurring operating charges | 66A | - | €1,604 | +€1,604 | |
| Gross operating margin | 9900 | €171,405 | €189,753 | +€18,348 | +10.7% |
| Operating profit (loss) | 9901 | €147,969 | €172,454 | +€24,484 | +16.5% |
| Financial income | 75/76B | €3,803 | €3,101 | -€702 | -18.5% |
| Recurring financial income | 75 | €3,803 | €3,101 | -€702 | -18.5% |
| Financial charges | 65/66B | €521 | €378 | -€143 | -27.4% |
| Recurring financial charges | 65 | €521 | €378 | -€143 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €151,251 | €175,176 | +€23,926 | +15.8% |
| Income taxes | 67/77 | €34,729 | €40,204 | +€5,475 | +15.8% |
| Profit (loss) for the period | 9904 | €116,521 | €134,972 | +€18,450 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,521 | €134,972 | +€18,450 | +15.8% |
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 25 October 2026 via checked.be.