INTRACIET: 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.
INTRACIET
Largest movements
- Financial fixed assets +€994,820
up €994,820 (+20.7%), from €4.8m to €5.8m
- Cash -€113,250
down €113,250 (-41.6%), from €272,151 to €158,901
mainly Investment in fixed assets (net) (-€995,974) and Debts after one year (-€293,361)
- Receivables after one year -€100,000
down €100,000 (-47.1%), from €212,415 to €112,415
- Current investments -€85,000
no longer reported in 2025 (was €85,000)
- Profit (loss) carried forward +€1.2m
up €1.2m (+62.9%), from €1.9m to €3.0m
- Debts after one year -€293,361
down €293,361 (-12.2%), from €2.4m to €2.1m
of which Other amounts payable: -€602,100
- Other debts -€260,675
down €260,675 (-13.5%), from €1.9m to €1.7m
- Current portion of long-term debt +€84,949
up €84,949 (+27.9%), from €304,703 to €389,652
- Trade debts -€84,700
down €84,700 (-79.3%), from €106,818 to €22,118
- Financial income +€684,285
up €684,285 (+299%), from €228,950 to €913,236
of which Financial income: +€764,285
- Gross operating margin -€61,184
down €61,184 (-9.1%), from €672,180 to €610,996
- Taxes -€15,306
down €15,306 (-13.4%), from €114,628 to €99,322
- Other operating charges +€7,277
up €7,277 (+27.1%), from €26,830 to €34,107
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 | €7,244,605 | €7,855,296 | +€610,691 | +8.4% |
| Fixed assets | 21/28 | €5,894,601 | €6,838,931 | +€944,329 | +16.0% |
| Tangible fixed assets | 22/27 | €1,087,325 | €1,036,834 | -€50,491 | -4.6% |
| Land and buildings | 22 | €929,131 | €902,475 | -€26,656 | -2.9% |
| Furniture and vehicles | 24 | €12,210 | €9,448 | -€2,762 | -22.6% |
| Other tangible fixed assets | 26 | €145,983 | €124,911 | -€21,072 | -14.4% |
| Financial fixed assets | 28 | €4,807,276 | €5,802,096 | +€994,820 | +20.7% |
| Current assets | 29/58 | €1,350,003 | €1,016,365 | -€333,639 | -24.7% |
| Amounts receivable after more than one year | 29 | €212,415 | €112,415 | -€100,000 | -47.1% |
| Trade receivables | 290 | €212,415 | €112,415 | -€100,000 | -47.1% |
| Stocks and contracts in progress | 3 | €156,800 | €156,800 | = | 0.0% |
| Stocks | 30/36 | €156,800 | €156,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €621,237 | €585,848 | -€35,389 | -5.7% |
| Trade receivables | 40 | €180,447 | €150,800 | -€29,647 | -16.4% |
| Other amounts receivable | 41 | €440,790 | €435,048 | -€5,742 | -1.3% |
| Current investments | 50/53 | €85,000 | - | -€85,000 | |
| Cash at bank and in hand | 54/58 | €272,151 | €158,901 | -€113,250 | -41.6% |
| Deferred charges and accrued income | 490/1 | €2,400 | €2,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,244,605 | €7,855,296 | +€610,691 | +8.4% |
| Equity | 10/15 | €2,311,401 | €3,482,887 | +€1.2m | +50.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €280,997 | €280,997 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,885 | €18,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,885 | €18,885 | = | 0.0% |
| Distributable reserves | 133 | €262,112 | €262,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,861,804 | €3,033,290 | +€1.2m | +62.9% |
| Amounts payable | 17/49 | €4,933,203 | €4,372,408 | -€560,795 | -11.4% |
| Amounts payable after more than one year | 17 | €2,408,544 | €2,115,182 | -€293,361 | -12.2% |
| Financial debts | 170/4 | €1,324,526 | €1,633,264 | +€308,739 | +23.3% |
| Other amounts payable | 178/9 | €1,084,018 | €481,918 | -€602,100 | -55.5% |
| Amounts payable within one year | 42/48 | €2,464,660 | €2,197,226 | -€267,434 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €304,703 | €389,652 | +€84,949 | +27.9% |
| Financial debts | 43 | €111,236 | €104,409 | -€6,827 | -6.1% |
| Credit institutions | 430/8 | €111,236 | €104,409 | -€6,827 | -6.1% |
| Trade debts | 44 | €106,818 | €22,118 | -€84,700 | -79.3% |
| Suppliers | 440/4 | €106,818 | €22,118 | -€84,700 | -79.3% |
| Taxes, remuneration and social security | 45 | €13,522 | €13,342 | -€180 | -1.3% |
| Remuneration and social security | 454/9 | €13,522 | €13,342 | -€180 | -1.3% |
| Other amounts payable | 47/48 | €1,928,380 | €1,667,705 | -€260,675 | -13.5% |
| Accrued charges and deferred income | 492/3 | €60,000 | €60,000 | = | 0.0% |
| Non-recurring operating income | 76A | €186,103 | - | -€186,103 | |
| Remuneration, social security and pensions | 62 | €127,089 | €121,599 | -€5,490 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,672 | €51,645 | +€3,972 | +8.3% |
| Other operating charges | 640/8 | €26,830 | €34,107 | +€7,277 | +27.1% |
| Gross operating margin | 9900 | €672,180 | €610,996 | -€61,184 | -9.1% |
| Operating profit (loss) | 9901 | €470,588 | €403,645 | -€66,944 | -14.2% |
| Financial income | 75/76B | €228,950 | €913,236 | +€684,285 | +299% |
| Recurring financial income | 75 | €148,950 | €913,236 | +€764,285 | +513% |
| Non-recurring financial income | 76B | €80,000 | - | -€80,000 | |
| Financial charges | 65/66B | €43,935 | €46,073 | +€2,137 | +4.9% |
| Recurring financial charges | 65 | €43,935 | €46,073 | +€2,137 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €655,603 | €1,270,808 | +€615,204 | +93.8% |
| Income taxes | 67/77 | €114,628 | €99,322 | -€15,306 | -13.4% |
| Profit (loss) for the period | 9904 | €540,976 | €1,171,486 | +€630,510 | +117% |
| Transfer from tax-exempt reserves | 789 | €261,020 | - | -€261,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €801,996 | €1,171,486 | +€369,490 | +46.1% |
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 24 October 2026 via checked.be.