INTRAFIN: 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.
INTRAFIN
Largest movements
- Stocks and contracts +€235,774
up €235,774 (+18.8%), from €1.3m to €1.5m
- Intangible fixed assets +€104,671
new in 2024: €104,671
- Cash +€66,241
up €66,241 (+30.5%), from €217,416 to €283,657
mainly Current portion of long-term debt (+€300,000) and Depreciation (+€74,126)
- Receivables within one year -€53,886
down €53,886 (-6.4%), from €848,535 to €794,649
of which Trade receivables: -€82,906
- Current portion of long-term debt +€300,000
up €300,000 (+60.0%), from €500,000 to €800,000
- Gross operating margin +€200,678
up €200,678 (+38.4%), from €522,122 to €722,800
- Write-downs +€171,575
no longer reported in 2024 (was -€171,575)
- Taxes +€112,355
up €112,355 (+240%), from €46,736 to €159,091
- Staff costs -€52,112
down €52,112 (-9.8%), from €530,014 to €477,902
- Depreciation +€49,546
up €49,546 (+202%), from €24,580 to €74,126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,366,763 | €2,697,773 | +€331,010 | +14.0% |
| Fixed assets | 21/28 | €46,219 | €129,100 | +€82,881 | +179% |
| Intangible fixed assets | 21 | - | €104,671 | +€104,671 | |
| Tangible fixed assets | 22/27 | €46,219 | €24,429 | -€21,790 | -47.1% |
| Furniture and vehicles | 24 | €46,219 | €24,429 | -€21,790 | -47.1% |
| Current assets | 29/58 | €2,320,544 | €2,568,673 | +€248,129 | +10.7% |
| Stocks and contracts in progress | 3 | €1,254,593 | €1,490,367 | +€235,774 | +18.8% |
| Stocks | 30/36 | €1,254,593 | €1,490,367 | +€235,774 | +18.8% |
| Amounts receivable within one year | 40/41 | €848,535 | €794,649 | -€53,886 | -6.4% |
| Trade receivables | 40 | €742,270 | €659,364 | -€82,906 | -11.2% |
| Other amounts receivable | 41 | €106,265 | €135,285 | +€29,020 | +27.3% |
| Cash at bank and in hand | 54/58 | €217,416 | €283,657 | +€66,241 | +30.5% |
| Total equity and liabilities | 10/49 | €2,366,763 | €2,697,773 | +€331,010 | +14.0% |
| Equity | 10/15 | €1,767,537 | €1,778,260 | +€10,723 | +0.6% |
| Contributions | 10/11 | €200,800 | €200,800 | = | 0.0% |
| Capital | 10 | €200,800 | €200,800 | = | 0.0% |
| Issued capital | 100 | €200,800 | €200,800 | = | 0.0% |
| Reserves | 13 | €760,073 | €760,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,079 | €20,079 | = | 0.0% |
| Legal reserve | 130 | €20,079 | €20,079 | = | 0.0% |
| Distributable reserves | 133 | €739,994 | €739,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | €806,664 | €817,387 | +€10,723 | +1.3% |
| Amounts payable | 17/49 | €599,226 | €919,513 | +€320,287 | +53.5% |
| Amounts payable within one year | 42/48 | €599,226 | €919,513 | +€320,287 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €800,000 | +€300,000 | +60.0% |
| Trade debts | 44 | €53,040 | €58,554 | +€5,514 | +10.4% |
| Suppliers | 440/4 | €53,040 | €58,554 | +€5,514 | +10.4% |
| Taxes, remuneration and social security | 45 | €46,186 | €60,959 | +€14,773 | +32.0% |
| Taxes | 450/3 | €1,813 | €16,884 | +€15,071 | +831% |
| Remuneration and social security | 454/9 | €44,373 | €44,075 | -€298 | -0.7% |
| Remuneration, social security and pensions | 62 | €530,014 | €477,902 | -€52,112 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,580 | €74,126 | +€49,546 | +202% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€171,575 | - | +€171,575 | |
| Other operating charges | 640/8 | €6,485 | €584 | -€5,901 | -91.0% |
| Gross operating margin | 9900 | €522,122 | €722,800 | +€200,678 | +38.4% |
| Operating profit (loss) | 9901 | €132,618 | €170,188 | +€37,570 | +28.3% |
| Financial income | 75/76B | €85,683 | €85,150 | -€533 | -0.6% |
| Recurring financial income | 75 | €85,683 | €85,150 | -€533 | -0.6% |
| Financial charges | 65/66B | €76,459 | €85,524 | +€9,065 | +11.9% |
| Recurring financial charges | 65 | €76,459 | €85,524 | +€9,065 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €141,842 | €169,814 | +€27,972 | +19.7% |
| Income taxes | 67/77 | €46,736 | €159,091 | +€112,355 | +240% |
| Profit (loss) for the period | 9904 | €95,106 | €10,723 | -€84,383 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,106 | €10,723 | -€84,383 | -88.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.