INTRICATE: 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.
INTRICATE
Largest movements
- Cash +€48,549
up €48,549 (+57.9%), from €83,849 to €132,397
mainly Net result for the year (+€58,029) and Receivables within one year (+€4,991)
- Current investments +€5,176
up €5,176 (+35.5%), from €14,563 to €19,739
- Receivables within one year -€4,991
down €4,991 (-31.2%), from €15,991 to €11,000
of which Trade receivables: -€4,991
- Reserves +€58,029
up €58,029 (+70.4%), from €82,403 to €140,431
- Tax, wage and social debts -€9,316
down €9,316 (-30.3%), from €30,773 to €21,457
- Gross operating margin -€33,588
down €33,588 (-30.7%), from €109,482 to €75,894
- Taxes -€6,473
down €6,473 (-29.2%), from €22,163 to €15,690
- Financial income +€2,713
new in 2025: €2,713
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 | €115,720 | €164,433 | +€48,713 | +42.1% |
| Current assets | 29/58 | €115,720 | €164,433 | +€48,713 | +42.1% |
| Amounts receivable within one year | 40/41 | €15,991 | €11,000 | -€4,991 | -31.2% |
| Trade receivables | 40 | €15,881 | €10,890 | -€4,991 | -31.4% |
| Other amounts receivable | 41 | €110 | €110 | = | 0.0% |
| Current investments | 50/53 | €14,563 | €19,739 | +€5,176 | +35.5% |
| Cash at bank and in hand | 54/58 | €83,849 | €132,397 | +€48,549 | +57.9% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,297 | -€20 | -1.5% |
| Total equity and liabilities | 10/49 | €115,720 | €164,433 | +€48,713 | +42.1% |
| Equity | 10/15 | €84,403 | €142,431 | +€58,029 | +68.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,403 | €140,431 | +€58,029 | +70.4% |
| Distributable reserves | 133 | €82,403 | €140,431 | +€58,029 | +70.4% |
| Amounts payable | 17/49 | €31,318 | €22,002 | -€9,316 | -29.7% |
| Amounts payable within one year | 42/48 | €31,318 | €22,002 | -€9,316 | -29.7% |
| Trade debts | 44 | €545 | €545 | = | 0.0% |
| Suppliers | 440/4 | €545 | €545 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,773 | €21,457 | -€9,316 | -30.3% |
| Taxes | 450/3 | €30,773 | €21,457 | -€9,316 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | - | -€966 | |
| Other operating charges | 640/8 | €171 | €170 | -€1 | -0.6% |
| Gross operating margin | 9900 | €109,482 | €75,894 | -€33,588 | -30.7% |
| Operating profit (loss) | 9901 | €108,346 | €75,724 | -€32,621 | -30.1% |
| Financial income | 75/76B | - | €2,713 | +€2,713 | |
| Recurring financial income | 75 | - | €2,713 | +€2,713 | |
| Financial charges | 65/66B | €3,780 | €4,718 | +€938 | +24.8% |
| Recurring financial charges | 65 | €3,780 | €4,718 | +€938 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €104,565 | €73,719 | -€30,846 | -29.5% |
| Income taxes | 67/77 | €22,163 | €15,690 | -€6,473 | -29.2% |
| Profit (loss) for the period | 9904 | €82,403 | €58,029 | -€24,374 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,403 | €58,029 | -€24,374 | -29.6% |
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 18 October 2026 via checked.be.