INTRA REALTY PROJECTS: 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 REALTY PROJECTS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+34.0%), from €3.6m to €4.8m
of which Assets under construction and advance payments: +€1.4m
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Receivables within one year +€194,742
up €194,742 (+105%), from €185,129 to €379,871
of which Other amounts receivable: +€285,040
- Cash -€55,712
down €55,712 (-17.9%), from €311,911 to €256,198
mainly Investment in fixed assets (net) (-€1.4m) and Debts after one year (-€230,440)
- Trade debts +€1.4m
up €1.4m (+181,102%), from €751 to €1.4m
- Debts after one year -€230,440
down €230,440 (-9.8%), from €2.4m to €2.1m
- Other debts -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
- Reserves +€71,854
up €71,854 (+18.5%), from €388,839 to €460,693
of which Distributable reserves: +€92,244
- Gross operating margin -€124,758
down €124,758 (-21.2%), from €588,252 to €463,495
- Depreciation -€43,302
down €43,302 (-20.5%), from €210,748 to €167,446
- Other operating charges +€26,090
up €26,090 (+66.0%), from €39,557 to €65,647
- Financial charges -€17,535
down €17,535 (-15.9%), from €110,601 to €93,066
- Financial income +€7,643
up €7,643 (+400%), from €1,911 to €9,554
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 | €4,365,196 | €5,477,388 | +€1.1m | +25.5% |
| Fixed assets | 21/28 | €3,578,748 | €4,795,376 | +€1.2m | +34.0% |
| Tangible fixed assets | 22/27 | €3,577,748 | €4,794,376 | +€1.2m | +34.0% |
| Land and buildings | 22 | €1,598,957 | €1,538,314 | -€60,643 | -3.8% |
| Furniture and vehicles | 24 | €185 | €0 | -€185 | -100% |
| Leasing and similar rights | 25 | €1,496,476 | €1,388,932 | -€107,544 | -7.2% |
| Other tangible fixed assets | 26 | €482,130 | €482,130 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €1,385,000 | +€1.4m | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €786,448 | €682,012 | -€104,436 | -13.3% |
| Amounts receivable within one year | 40/41 | €185,129 | €379,871 | +€194,742 | +105% |
| Trade receivables | 40 | €96,906 | €6,608 | -€90,298 | -93.2% |
| Other amounts receivable | 41 | €88,224 | €373,263 | +€285,040 | +323% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €311,911 | €256,198 | -€55,712 | -17.9% |
| Deferred charges and accrued income | 490/1 | €39,408 | €45,942 | +€6,534 | +16.6% |
| Total equity and liabilities | 10/49 | €4,365,196 | €5,477,388 | +€1.1m | +25.5% |
| Equity | 10/15 | €1,326,116 | €1,397,970 | +€71,854 | +5.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Revaluation surpluses | 12 | €872,277 | €872,277 | = | 0.0% |
| Reserves | 13 | €388,839 | €460,693 | +€71,854 | +18.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €222,910 | €202,520 | -€20,390 | -9.1% |
| Distributable reserves | 133 | €159,429 | €251,673 | +€92,244 | +57.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €64,891 | €58,094 | -€6,797 | -10.5% |
| Deferred taxes | 168 | €64,891 | €58,094 | -€6,797 | -10.5% |
| Amounts payable | 17/49 | €2,974,188 | €4,021,324 | +€1.0m | +35.2% |
| Amounts payable after more than one year | 17 | €2,359,813 | €2,129,373 | -€230,440 | -9.8% |
| Financial debts | 170/4 | €2,359,813 | €2,129,373 | -€230,440 | -9.8% |
| Amounts payable within one year | 42/48 | €583,739 | €1,847,418 | +€1.3m | +216% |
| Current portion of amounts payable after more than one year | 42 | €227,727 | €230,440 | +€2,714 | +1.2% |
| Trade debts | 44 | €751 | €1,360,136 | +€1.4m | +181,102% |
| Suppliers | 440/4 | €751 | €1,360,136 | +€1.4m | +181,102% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,262 | €6,841 | +€1,579 | +30.0% |
| Taxes | 450/3 | €5,262 | €6,841 | +€1,579 | +30.0% |
| Other amounts payable | 47/48 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Accrued charges and deferred income | 492/3 | €30,636 | €44,533 | +€13,897 | +45.4% |
| Non-recurring operating income | 76A | €145,754 | €0 | -€145,754 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,748 | €167,446 | -€43,302 | -20.5% |
| Other operating charges | 640/8 | €39,557 | €65,647 | +€26,090 | +66.0% |
| Non-recurring operating charges | 66A | €2,980 | €926 | -€2,055 | -68.9% |
| Gross operating margin | 9900 | €588,252 | €463,495 | -€124,758 | -21.2% |
| Operating profit (loss) | 9901 | €334,967 | €229,476 | -€105,491 | -31.5% |
| Financial income | 75/76B | €1,911 | €9,554 | +€7,643 | +400% |
| Recurring financial income | 75 | €1,911 | €9,554 | +€7,643 | +400% |
| Financial charges | 65/66B | €110,601 | €93,066 | -€17,535 | -15.9% |
| Recurring financial charges | 65 | €110,601 | €93,066 | -€17,535 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €226,277 | €145,964 | -€80,313 | -35.5% |
| Transfer from deferred taxes | 780 | €6,797 | €6,797 | = | 0.0% |
| Income taxes | 67/77 | €26,798 | €30,907 | +€4,109 | +15.3% |
| Profit (loss) for the period | 9904 | €206,276 | €121,854 | -€84,422 | -40.9% |
| Transfer from tax-exempt reserves | 789 | €20,390 | €20,390 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €226,666 | €142,244 | -€84,422 | -37.2% |
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 27 October 2026 via checked.be.