INTM BELGIUM: 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.
INTM BELGIUM
Largest movements
- Receivables within one year -€178,538
down €178,538 (-24.6%), from €726,526 to €547,988
of which Trade receivables: -€164,528
- Cash +€116,869
up €116,869 (+12.6%), from €926,363 to €1.0m
mainly Receivables within one year (+€178,538) and Net result for the year (+€49,156)
- Trade debts -€131,910
down €131,910 (-20.2%), from €652,695 to €520,785
- Profit (loss) carried forward +€49,156
up €49,156 (+6.2%), from €788,764 to €837,920
- Staff costs -€81,396
down €81,396 (-12.0%), from €679,362 to €597,966
- Gross operating margin +€79,317
up €79,317 (+12.9%), from €616,692 to €696,008
- Taxes +€35,558
up €35,558 (+2,812%), from €1,264 to €36,822
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 | €1,710,882 | €1,636,896 | -€73,986 | -4.3% |
| Fixed assets | 21/28 | €2,129 | - | -€2,129 | |
| Tangible fixed assets | 22/27 | €2,129 | - | -€2,129 | |
| Other tangible fixed assets | 26 | €2,129 | - | -€2,129 | |
| Current assets | 29/58 | €1,708,753 | €1,636,896 | -€71,857 | -4.2% |
| Amounts receivable within one year | 40/41 | €726,526 | €547,988 | -€178,538 | -24.6% |
| Trade receivables | 40 | €705,178 | €540,651 | -€164,528 | -23.3% |
| Other amounts receivable | 41 | €21,348 | €7,337 | -€14,011 | -65.6% |
| Cash at bank and in hand | 54/58 | €926,363 | €1,043,232 | +€116,869 | +12.6% |
| Deferred charges and accrued income | 490/1 | €55,865 | €45,677 | -€10,187 | -18.2% |
| Total equity and liabilities | 10/49 | €1,710,882 | €1,636,896 | -€73,986 | -4.3% |
| Equity | 10/15 | €951,415 | €1,000,571 | +€49,156 | +5.2% |
| Contributions | 10/11 | €160,651 | €160,651 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Other | 1319 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €788,764 | €837,920 | +€49,156 | +6.2% |
| Amounts payable | 17/49 | €759,468 | €636,326 | -€123,142 | -16.2% |
| Amounts payable within one year | 42/48 | €748,526 | €608,912 | -€139,614 | -18.7% |
| Trade debts | 44 | €652,695 | €520,785 | -€131,910 | -20.2% |
| Suppliers | 440/4 | €652,695 | €520,785 | -€131,910 | -20.2% |
| Taxes, remuneration and social security | 45 | €95,831 | €88,127 | -€7,704 | -8.0% |
| Taxes | 450/3 | €17,117 | €12,790 | -€4,327 | -25.3% |
| Remuneration and social security | 454/9 | €78,715 | €75,338 | -€3,377 | -4.3% |
| Accrued charges and deferred income | 492/3 | €10,942 | €27,414 | +€16,472 | +151% |
| Remuneration, social security and pensions | 62 | €679,362 | €597,966 | -€81,396 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,376 | €2,129 | -€247 | -10.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €616,692 | €696,008 | +€79,317 | +12.9% |
| Operating profit (loss) | 9901 | -€66,013 | €94,915 | +€160,928 | |
| Financial income | 75/76B | €116 | €91 | -€25 | -21.3% |
| Recurring financial income | 75 | €116 | €91 | -€25 | -21.3% |
| Financial charges | 65/66B | €8,645 | €9,028 | +€383 | +4.4% |
| Recurring financial charges | 65 | €8,645 | €9,028 | +€383 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€74,542 | €85,978 | +€160,521 | |
| Income taxes | 67/77 | €1,264 | €36,822 | +€35,558 | +2,812% |
| Profit (loss) for the period | 9904 | -€75,807 | €49,156 | +€124,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,807 | €49,156 | +€124,963 |
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 31 October 2026 via checked.be.