INTRALCOR: 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.
INTRALCOR
Largest movements
- Receivables within one year -€4.8m
down €4.8m (-92.2%), from €5.2m to €407,255
of which Other amounts receivable: -€2.7m
- Financial fixed assets +€2.7m
up €2.7m (+62,725%), from €4,252 to €2.7m
- Deferred charges and accrued income +€1.0m
up €1.0m (+1,553%), from €66,858 to €1.1m
- Stocks and contracts -€818,801
down €818,801 (-52.5%), from €1.6m to €740,175
- Cash +€228,180
up €228,180 (+3.5%), from €6.5m to €6.7m
mainly Receivables within one year (+€4.8m) and Stocks and contracts (+€818,801)
- Trade debts -€1.0m
down €1.0m (-99.5%), from €1.0m to €5,559
- Reserves -€625,501
down €625,501 (-8.3%), from €7.5m to €6.9m
of which Distributable reserves: -€625,501
- Gross operating margin -€508,368
down €508,368 (-208%), from -€244,813 to -€753,181
- Write-downs +€383,566
no longer reported in 2025 (was -€383,566)
- Other operating charges -€378,414
down €378,414 (-98.8%), from €382,989 to €4,575
- Financial income -€53,526
down €53,526 (-22.8%), from €234,883 to €181,357
- Staff costs -€17,026
down €17,026 (-31.9%), from €53,361 to €36,335
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 | €13,338,398 | €11,659,821 | -€1.7m | -12.6% |
| Fixed assets | 21/28 | €26,618 | €2,693,177 | +€2.7m | +10,018% |
| Tangible fixed assets | 22/27 | €22,366 | €21,926 | -€441 | -2.0% |
| Land and buildings | 22 | €21,414 | €21,414 | = | 0.0% |
| Furniture and vehicles | 24 | €952 | €512 | -€441 | -46.3% |
| Financial fixed assets | 28 | €4,252 | €2,671,252 | +€2.7m | +62,725% |
| Current assets | 29/58 | €13,311,780 | €8,966,643 | -€4.3m | -32.6% |
| Stocks and contracts in progress | 3 | €1,558,976 | €740,175 | -€818,801 | -52.5% |
| Stocks | 30/36 | €1,558,976 | €740,175 | -€818,801 | -52.5% |
| Amounts receivable within one year | 40/41 | €5,199,826 | €407,255 | -€4.8m | -92.2% |
| Trade receivables | 40 | €2,125,887 | €17,832 | -€2.1m | -99.2% |
| Other amounts receivable | 41 | €3,073,939 | €389,424 | -€2.7m | -87.3% |
| Cash at bank and in hand | 54/58 | €6,486,121 | €6,714,301 | +€228,180 | +3.5% |
| Deferred charges and accrued income | 490/1 | €66,858 | €1,104,912 | +€1.0m | +1,553% |
| Total equity and liabilities | 10/49 | €13,338,398 | €11,659,821 | -€1.7m | -12.6% |
| Equity | 10/15 | €12,267,671 | €11,642,170 | -€625,501 | -5.1% |
| Contributions | 10/11 | €4,728,229 | €4,728,229 | = | 0.0% |
| Reserves | 13 | €7,539,442 | €6,913,941 | -€625,501 | -8.3% |
| Non-distributable reserves | 130/1 | €87,982 | €87,982 | = | 0.0% |
| Reserves not available under the articles | 1311 | €87,982 | €87,982 | = | 0.0% |
| Distributable reserves | 133 | €7,451,461 | €6,825,959 | -€625,501 | -8.4% |
| Amounts payable | 17/49 | €1,070,727 | €17,651 | -€1.1m | -98.4% |
| Amounts payable within one year | 42/48 | €1,053,442 | €17,651 | -€1.0m | -98.3% |
| Trade debts | 44 | €1,037,388 | €5,559 | -€1.0m | -99.5% |
| Suppliers | 440/4 | €1,037,388 | €5,559 | -€1.0m | -99.5% |
| Taxes, remuneration and social security | 45 | €6,313 | €1,595 | -€4,717 | -74.7% |
| Taxes | 450/3 | €182 | €1,595 | +€1,413 | +778% |
| Remuneration and social security | 454/9 | €6,131 | - | -€6,131 | |
| Other amounts payable | 47/48 | €9,742 | €10,497 | +€755 | +7.8% |
| Accrued charges and deferred income | 492/3 | €17,285 | - | -€17,285 | |
| Remuneration, social security and pensions | 62 | €53,361 | €36,335 | -€17,026 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €441 | -€1,536 | -77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€383,566 | - | +€383,566 | |
| Other operating charges | 640/8 | €382,989 | €4,575 | -€378,414 | -98.8% |
| Gross operating margin | 9900 | -€244,813 | -€753,181 | -€508,368 | -208% |
| Operating profit (loss) | 9901 | -€299,574 | -€794,532 | -€494,957 | -165% |
| Financial income | 75/76B | €234,883 | €181,357 | -€53,526 | -22.8% |
| Recurring financial income | 75 | €234,883 | €181,357 | -€53,526 | -22.8% |
| Financial charges | 65/66B | €4,665 | €5,577 | +€912 | +19.5% |
| Recurring financial charges | 65 | €4,665 | €5,577 | +€912 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€69,356 | -€618,751 | -€549,395 | -792% |
| Income taxes | 67/77 | €12,821 | €6,750 | -€6,071 | -47.4% |
| Profit (loss) for the period | 9904 | -€82,178 | -€625,501 | -€543,324 | -661% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,178 | -€625,501 | -€543,324 | -661% |
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.