Intravest: 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.
What changed
Intravest
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,359
2024 · €34,657-€29,298
Equity
€834,300
2024 · €828,941+€5,359
Cash
€9,621
2024 · €27,739-€18,118
Balance sheet total
€2.6m
2024 · €2.9m-€330,648
Largest movements
Assets
- Receivables within one year -€220,677
down €220,677 (-85.5%), from €258,046 to €37,369
of which Other amounts receivable: -€224,307
- Tangible fixed assets -€120,204
down €120,204 (-4.6%), from €2.6m to €2.5m
of which Land and buildings: -€106,856
Equity and liabilities
- Short-term financial debts -€225,000
down €225,000 (-100.0%), from €225,000 to €0
- Debts after one year -€85,325
down €85,325 (-9.5%), from €895,558 to €810,232
Income statement
- Gross operating margin -€34,836
down €34,836 (-16.2%), from €215,027 to €180,192
- Taxes -€9,033
down €9,033 (-44.3%), from €20,370 to €11,337
- Financial charges +€7,929
up €7,929 (+36.6%), from €21,685 to €29,614
- Other operating charges -€3,361
down €3,361 (-13.0%), from €25,791 to €22,430
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.
Result 2024
€34,657
Gross operating margin
-€34,836
Depreciation
+€1,048
Other operating charges
+€3,361
Financial income
-€0
Financial charges
-€7,929
Taxes
+€9,033
Deferred taxes and other
+€25
Result 2025
€5,359
Cash bridge derived
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.
From operations
+€288,183
Investment
+€5,933
Financing
-€312,234
Cash 2024
€27,739
From operations (derived)
+€288,183
Net result for the year
+€5,359
Depreciation
+€114,271
Receivables within one year
+€220,677
Deferred charges and accrued income
-€28,351
Provisions
-€2,821
Trade debts
+€416
Tax, wage and social debts
-€7,562
Other debts
+€8,724
Accrued charges and deferred income
-€22,530
Investment (derived)
+€5,933
Investment in fixed assets (net)
+€5,933
Financing
-€312,234
Debts after one year
-€85,325
Current portion of long-term debt
-€1,909
Short-term financial debts
-€225,000
Contributions, distributions and other
-€0
Cash 2025
€9,621
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,890,187 | €2,559,539 | -€330,648 | -11.4% |
| Fixed assets | 21/28 | €2,604,402 | €2,484,197 | -€120,204 | -4.6% |
| Tangible fixed assets | 22/27 | €2,604,392 | €2,484,187 | -€120,204 | -4.6% |
| Land and buildings | 22 | €2,590,928 | €2,484,072 | -€106,856 | -4.1% |
| Furniture and vehicles | 24 | €13,464 | €116 | -€13,348 | -99.1% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €285,786 | €75,341 | -€210,444 | -73.6% |
| Amounts receivable within one year | 40/41 | €258,046 | €37,369 | -€220,677 | -85.5% |
| Trade receivables | 40 | €4,840 | €8,470 | +€3,630 | +75.0% |
| Other amounts receivable | 41 | €253,206 | €28,899 | -€224,307 | -88.6% |
| Cash at bank and in hand | 54/58 | €27,739 | €9,621 | -€18,118 | -65.3% |
| Deferred charges and accrued income | 490/1 | €0 | €28,351 | +€28,351 | |
| Total equity and liabilities | 10/49 | €2,890,187 | €2,559,539 | -€330,648 | -11.4% |
| Equity | 10/15 | €828,941 | €834,300 | +€5,359 | +0.6% |
| Contributions | 10/11 | €53,170 | €53,170 | = | 0.0% |
| Reserves | 13 | €775,771 | €781,130 | +€5,359 | +0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €249,390 | €240,928 | -€8,462 | -3.4% |
| Distributable reserves | 133 | €526,381 | €540,203 | +€13,822 | +2.6% |
| Provisions and deferred taxes | 16 | €83,130 | €80,309 | -€2,821 | -3.4% |
| Deferred taxes | 168 | €83,130 | €80,309 | -€2,821 | -3.4% |
| Amounts payable | 17/49 | €1,978,117 | €1,644,930 | -€333,187 | -16.8% |
| Amounts payable after more than one year | 17 | €895,558 | €810,232 | -€85,325 | -9.5% |
| Financial debts | 170/4 | €895,558 | €810,232 | -€85,325 | -9.5% |
| Amounts payable within one year | 42/48 | €1,060,029 | €834,697 | -€225,331 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €102,105 | €100,196 | -€1,909 | -1.9% |
| Financial debts | 43 | €225,000 | €0 | -€225,000 | -100.0% |
| Credit institutions | 430/8 | €225,000 | €0 | -€225,000 | -100.0% |
| Trade debts | 44 | €24,821 | €25,237 | +€416 | +1.7% |
| Suppliers | 440/4 | €24,821 | €25,237 | +€416 | +1.7% |
| Advances received on contracts in progress | 46 | €4,500 | €4,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,655 | €1,092 | -€7,562 | -87.4% |
| Taxes | 450/3 | €8,655 | €1,092 | -€7,562 | -87.4% |
| Other amounts payable | 47/48 | €694,947 | €703,672 | +€8,724 | +1.3% |
| Accrued charges and deferred income | 492/3 | €22,530 | €0 | -€22,530 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,319 | €114,271 | -€1,048 | -0.9% |
| Other operating charges | 640/8 | €25,791 | €22,430 | -€3,361 | -13.0% |
| Gross operating margin | 9900 | €215,027 | €180,192 | -€34,836 | -16.2% |
| Operating profit (loss) | 9901 | €73,917 | €43,490 | -€30,427 | -41.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €21,685 | €29,614 | +€7,929 | +36.6% |
| Recurring financial charges | 65 | €21,685 | €29,614 | +€7,929 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €52,232 | €13,876 | -€38,356 | -73.4% |
| Transfer from deferred taxes | 780 | €2,796 | €2,821 | +€25 | +0.9% |
| Income taxes | 67/77 | €20,370 | €11,337 | -€9,033 | -44.3% |
| Profit (loss) for the period | 9904 | €34,657 | €5,359 | -€29,298 | -84.5% |
| Transfer from tax-exempt reserves | 789 | €8,387 | €8,462 | +€75 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,045 | €13,822 | -€29,223 | -67.9% |
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 10 October 2026 via checked.be.