INTRA-BRAD: 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.
INTRA-BRAD
Largest movements
- Cash +€159,077
up €159,077 (+157%), from €101,182 to €260,260
mainly Current investments (+€83,507) and Depreciation (+€73,506)
- Current investments -€83,507
down €83,507 (-21.3%), from €392,834 to €309,327
- Profit (loss) carried forward +€67,439
up €67,439 (+24.0%), from €280,511 to €347,950
- Financial income +€55,466
up €55,466 (+164%), from €33,774 to €89,240
- Gross operating margin +€44,183
up €44,183 (+121%), from €36,532 to €80,715
- Financial charges +€24,569
up €24,569 (+676%), from €3,632 to €28,201
- Taxes -€8,228
down €8,228, from €5,684 to -€2,544
- Depreciation +€2,569
up €2,569 (+3.6%), from €70,937 to €73,506
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 | €1,633,735 | €1,702,072 | +€68,337 | +4.2% |
| Fixed assets | 21/28 | €1,136,376 | €1,121,364 | -€15,012 | -1.3% |
| Tangible fixed assets | 22/27 | €1,136,376 | €1,121,364 | -€15,012 | -1.3% |
| Land and buildings | 22 | €1,134,649 | €1,120,028 | -€14,621 | -1.3% |
| Furniture and vehicles | 24 | €1,726 | €1,335 | -€391 | -22.6% |
| Current assets | 29/58 | €497,360 | €580,708 | +€83,349 | +16.8% |
| Amounts receivable within one year | 40/41 | €3,343 | €8,540 | +€5,196 | +155% |
| Other amounts receivable | 41 | €3,343 | €8,540 | +€5,196 | +155% |
| Current investments | 50/53 | €392,834 | €309,327 | -€83,507 | -21.3% |
| Cash at bank and in hand | 54/58 | €101,182 | €260,260 | +€159,077 | +157% |
| Deferred charges and accrued income | 490/1 | - | €2,582 | +€2,582 | |
| Total equity and liabilities | 10/49 | €1,633,735 | €1,702,072 | +€68,337 | +4.2% |
| Equity | 10/15 | €1,556,929 | €1,623,257 | +€66,328 | +4.3% |
| Contributions | 10/11 | €1,148,389 | €1,148,389 | = | 0.0% |
| Capital | 10 | €1,148,389 | €1,148,389 | = | 0.0% |
| Issued capital | 100 | €1,148,389 | €1,148,389 | = | 0.0% |
| Reserves | 13 | €128,029 | €126,918 | -€1,111 | -0.9% |
| Non-distributable reserves | 130/1 | €36,627 | €40,176 | +€3,549 | +9.7% |
| Legal reserve | 130 | €36,627 | €40,176 | +€3,549 | +9.7% |
| Tax-exempt reserves | 132 | €91,403 | €86,742 | -€4,661 | -5.1% |
| Profit (loss) carried forward | 14 | €280,511 | €347,950 | +€67,439 | +24.0% |
| Provisions and deferred taxes | 16 | €42,806 | €40,612 | -€2,194 | -5.1% |
| Deferred taxes | 168 | €42,806 | €40,612 | -€2,194 | -5.1% |
| Amounts payable | 17/49 | €34,000 | €38,203 | +€4,203 | +12.4% |
| Amounts payable within one year | 42/48 | €34,000 | €38,203 | +€4,203 | +12.4% |
| Trade debts | 44 | €10,966 | €5,646 | -€5,320 | -48.5% |
| Suppliers | 440/4 | €10,966 | €5,646 | -€5,320 | -48.5% |
| Taxes, remuneration and social security | 45 | - | €2,099 | +€2,099 | |
| Taxes | 450/3 | - | €2,099 | +€2,099 | |
| Other amounts payable | 47/48 | €23,033 | €30,458 | +€7,425 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,937 | €73,506 | +€2,569 | +3.6% |
| Other operating charges | 640/8 | €8,581 | €6,658 | -€1,924 | -22.4% |
| Gross operating margin | 9900 | €36,532 | €80,715 | +€44,183 | +121% |
| Operating profit (loss) | 9901 | -€42,987 | €551 | +€43,537 | |
| Financial income | 75/76B | €33,774 | €89,240 | +€55,466 | +164% |
| Recurring financial income | 75 | €33,774 | €89,240 | +€55,466 | +164% |
| Financial charges | 65/66B | €3,632 | €28,201 | +€24,569 | +676% |
| Recurring financial charges | 65 | €3,632 | €28,201 | +€24,569 | +676% |
| Profit (loss) for the period before taxes | 9903 | -€12,845 | €61,590 | +€74,435 | |
| Transfer from deferred taxes | 780 | €2,194 | €2,194 | = | 0.0% |
| Income taxes | 67/77 | €5,684 | -€2,544 | -€8,228 | |
| Profit (loss) for the period | 9904 | -€16,335 | €66,328 | +€82,662 | |
| Transfer from tax-exempt reserves | 789 | €4,661 | €4,661 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,674 | €70,988 | +€82,662 |
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 14 October 2026 via checked.be.