INTONACO: 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.
INTONACO
Largest movements
- Tangible fixed assets +€22,788
up €22,788 (+82.8%), from €27,523 to €50,310
of which Leasing and similar rights: +€23,122
- Receivables within one year +€8,105
up €8,105 (+12.9%), from €63,008 to €71,114
of which Trade receivables: +€21,996
- Trade debts +€18,146
up €18,146 (+138.7%), from €13,079 to €31,225
- Tax, wage and social debts -€15,296
down €15,296 (-67.5%), from €22,644 to €7,348
of which Taxes: -€15,595
- Debts after one year +€13,036
up €13,036 (+102.0%), from €12,776 to €25,811
- Profit (loss) carried forward +€10,034
up €10,034 (+20.0%), from €50,210 to €60,244
- Current portion of long-term debt +€3,912
up €3,912 (+51.1%), from €7,663 to €11,575
- Staff costs +€13,212
up €13,212 (+459.0%), from €2,879 to €16,091
- Gross operating margin +€11,194
up €11,194 (+29.5%), from €37,953 to €49,146
- Financial charges +€2,943
up €2,943 (+61.6%), from €4,776 to €7,718
- Depreciation +€2,481
up €2,481 (+29.4%), from €8,447 to €10,928
- Taxes -€2,088
down €2,088 (-45.7%), from €4,569 to €2,481
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 | €108,372 | €138,203 | +€29,832 | +27.5% |
| Fixed assets | 21/28 | €27,579 | €50,594 | +€23,015 | +83.4% |
| Tangible fixed assets | 22/27 | €27,523 | €50,310 | +€22,788 | +82.8% |
| Plant, machinery and equipment | 23 | €1,140 | €806 | -€334 | -29.3% |
| Leasing and similar rights | 25 | €26,382 | €49,504 | +€23,122 | +87.6% |
| Financial fixed assets | 28 | €57 | €284 | +€227 | +399.3% |
| Current assets | 29/58 | €80,792 | €87,609 | +€6,817 | +8.4% |
| Amounts receivable within one year | 40/41 | €63,008 | €71,114 | +€8,105 | +12.9% |
| Trade receivables | 40 | €34,270 | €56,266 | +€21,996 | +64.2% |
| Other amounts receivable | 41 | €28,738 | €14,848 | -€13,890 | -48.3% |
| Cash at bank and in hand | 54/58 | €17,769 | €16,480 | -€1,288 | -7.3% |
| Deferred charges and accrued income | 490/1 | €15 | €16 | +€1 | +3.4% |
| Total equity and liabilities | 10/49 | €108,372 | €138,203 | +€29,832 | +27.5% |
| Equity | 10/15 | €52,210 | €62,244 | +€10,034 | +19.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,210 | €60,244 | +€10,034 | +20.0% |
| Amounts payable | 17/49 | €56,162 | €75,960 | +€19,798 | +35.3% |
| Amounts payable after more than one year | 17 | €12,776 | €25,811 | +€13,036 | +102.0% |
| Financial debts | 170/4 | €12,776 | €25,811 | +€13,036 | +102.0% |
| Amounts payable within one year | 42/48 | €43,386 | €50,148 | +€6,763 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €7,663 | €11,575 | +€3,912 | +51.1% |
| Trade debts | 44 | €13,079 | €31,225 | +€18,146 | +138.7% |
| Suppliers | 440/4 | €13,079 | €31,225 | +€18,146 | +138.7% |
| Taxes, remuneration and social security | 45 | €22,644 | €7,348 | -€15,296 | -67.5% |
| Taxes | 450/3 | €22,644 | €7,049 | -€15,595 | -68.9% |
| Remuneration and social security | 454/9 | - | €299 | +€299 | |
| Non-recurring operating income | 76A | - | €2,489 | +€2,489 | |
| Remuneration, social security and pensions | 62 | €2,879 | €16,091 | +€13,212 | +459.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,447 | €10,928 | +€2,481 | +29.4% |
| Other operating charges | 640/8 | €1,271 | €1,895 | +€624 | +49.1% |
| Gross operating margin | 9900 | €37,953 | €49,146 | +€11,194 | +29.5% |
| Operating profit (loss) | 9901 | €25,356 | €20,233 | -€5,124 | -20.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.3% |
| Financial charges | 65/66B | €4,776 | €7,718 | +€2,943 | +61.6% |
| Recurring financial charges | 65 | €4,776 | €7,718 | +€2,943 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €20,581 | €12,514 | -€8,066 | -39.2% |
| Income taxes | 67/77 | €4,569 | €2,481 | -€2,088 | -45.7% |
| Profit (loss) for the period | 9904 | €16,012 | €10,034 | -€5,978 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,012 | €10,034 | -€5,978 | -37.3% |
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 10 October 2026 via checked.be.