INTROPA: what changed
Two fiscal 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
INTROPA
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · €119,618-€1.9m
Equity
€2.9m
2024 · €4.9m-€2.0m
Cash
€2.8m
2024 · €1.4m+€1.5m
Balance sheet total
€27.4m
2024 · €27.9m-€496,077
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-7.3%), from €23.8m to €22.1m
of which Trade receivables: -€2.2m
- Cash +€1.5m
up €1.5m (+106.9%), from €1.4m to €2.8m
mainly Receivables within one year (+€1.7m) and Trade debts (+€1.5m)
- Financial fixed assets -€317,239
down €317,239 (-96.3%), from €329,413 to €12,173
of which Affiliated companies: -€329,254
Equity and liabilities
- Reserves -€2.0m
down €2.0m (-48.9%), from €4.1m to €2.1m
of which Distributable reserves: -€2.0m
- Trade debts +€1.5m
up €1.5m (+17.2%), from €8.5m to €10.0m
Income statement
- Turnover -€6.4m
down €6.4m (-54.6%), from €11.6m to €5.3m
- Goods and materials -€6.2m
down €6.2m (-54.4%), from €11.3m to €5.2m
- Financial charges +€1.3m
up €1.3m (+1835.4%), from €71,734 to €1.4m
- Financial income -€637,266
down €637,266 (-88.4%), from €720,663 to €83,398
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
€119,618
Turnover
-€6.4m
Other operating income
-€7,068
Goods and materials
+€6.2m
Services and other goods
-€19,284
Staff costs
+€55,381
Depreciation
-€1,729
Write-downs
+€48,653
Other operating charges
-€31,342
Other operating items
+€242,068
Financial income
-€637,266
Financial charges
-€1.3m
Taxes
-€44
Result 2025
-€1.7m
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
+€1.4m
Investment
+€354,851
Financing
-€280,000
Cash 2024
€1.4m
From operations (derived)
+€1.4m
Net result for the year
-€1.7m
Depreciation
+€56,463
Receivables after one year
+€5,082
Receivables within one year
+€1.7m
Deferred charges and accrued income
-€187,239
Trade debts
+€1.5m
Tax, wage and social debts
-€7,275
Advances received
+€47,380
Other debts
-€117,899
Accrued charges and deferred income
+€142,082
Investment (derived)
+€354,851
Investment in fixed assets (net)
+€287,955
Current investments
+€66,896
Financing
-€280,000
Contributions, distributions and other
-€280,000
Cash 2025
€2.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,884,872 | €27,388,795 | -€496,077 | -1.8% |
| Fixed assets | 21/28 | €1,208,691 | €864,273 | -€344,418 | -28.5% |
| Tangible fixed assets | 22/27 | €879,278 | €852,100 | -€27,179 | -3.1% |
| Land and buildings | 22 | €868,234 | €842,007 | -€26,227 | -3.0% |
| Plant, machinery and equipment | 23 | €1,788 | €1,209 | -€579 | -32.4% |
| Furniture and vehicles | 24 | €608 | €236 | -€372 | -61.2% |
| Other tangible fixed assets | 26 | €8,648 | €8,648 | = | 0.0% |
| Financial fixed assets | 28 | €329,413 | €12,173 | -€317,239 | -96.3% |
| Affiliated companies | 280/1 | €329,254 | - | -€329,254 | |
| Participating interests | 280 | €329,254 | - | -€329,254 | |
| Other financial fixed assets | 284/8 | €158 | €12,173 | +€12,015 | +7588.6% |
| Amounts receivable and cash guarantees | 285/8 | €158 | €12,173 | +€12,015 | +7588.6% |
| Current assets | 29/58 | €26,676,181 | €26,524,522 | -€151,659 | -0.6% |
| Amounts receivable after more than one year | 29 | €11,141 | €6,059 | -€5,082 | -45.6% |
| Other amounts receivable | 291 | €11,141 | €6,059 | -€5,082 | -45.6% |
| Amounts receivable within one year | 40/41 | €23,791,129 | €22,055,562 | -€1.7m | -7.3% |
| Trade receivables | 40 | €19,029,772 | €16,814,370 | -€2.2m | -11.6% |
| Other amounts receivable | 41 | €4,761,357 | €5,241,192 | +€479,834 | +10.1% |
| Current investments | 50/53 | €1,477,534 | €1,410,638 | -€66,896 | -4.5% |
| Other investments | 51/53 | €1,477,534 | €1,410,638 | -€66,896 | -4.5% |
| Cash at bank and in hand | 54/58 | €1,374,187 | €2,842,834 | +€1.5m | +106.9% |
| Deferred charges and accrued income | 490/1 | €22,190 | €209,429 | +€187,239 | +843.8% |
| Total equity and liabilities | 10/49 | €27,884,872 | €27,388,795 | -€496,077 | -1.8% |
| Equity | 10/15 | €4,894,195 | €2,867,276 | -€2.0m | -41.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €4,144,195 | €2,117,276 | -€2.0m | -48.9% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €4,069,195 | €2,042,276 | -€2.0m | -49.8% |
| Amounts payable | 17/49 | €22,990,677 | €24,521,519 | +€1.5m | +6.7% |
| Amounts payable within one year | 42/48 | €22,721,774 | €24,110,534 | +€1.4m | +6.1% |
| Trade debts | 44 | €8,512,978 | €9,979,533 | +€1.5m | +17.2% |
| Suppliers | 440/4 | €8,512,978 | €9,979,533 | +€1.5m | +17.2% |
| Advances received on contracts in progress | 46 | - | €47,380 | +€47,380 | |
| Taxes, remuneration and social security | 45 | €12,122 | €4,847 | -€7,275 | -60.0% |
| Taxes | 450/3 | €756 | €1,180 | +€424 | +56.1% |
| Remuneration and social security | 454/9 | €11,366 | €3,666 | -€7,699 | -67.7% |
| Other amounts payable | 47/48 | €14,196,674 | €14,078,775 | -€117,899 | -0.8% |
| Accrued charges and deferred income | 492/3 | €268,903 | €410,985 | +€142,082 | +52.8% |
| Operating income | 70/76A | €11,722,059 | €5,350,175 | -€6.4m | -54.4% |
| Turnover | 70 | €11,641,374 | €5,285,871 | -€6.4m | -54.6% |
| Other operating income | 74 | €54,519 | €47,452 | -€7,068 | -13.0% |
| Non-recurring operating income | 76A | €26,166 | €16,852 | -€9,314 | -35.6% |
| Operating charges | 60/66A | €12,251,021 | €5,791,731 | -€6.5m | -52.7% |
| Goods for resale, raw materials and consumables | 60 | €11,323,079 | €5,166,849 | -€6.2m | -54.4% |
| Purchases | 600/8 | €11,323,079 | €5,166,849 | -€6.2m | -54.4% |
| Services and other goods | 61 | €336,176 | €355,459 | +€19,284 | +5.7% |
| Remuneration, social security and pensions | 62 | €225,536 | €170,156 | -€55,381 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,734 | €56,463 | +€1,729 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€48,653 | -€48,653 | |
| Other operating charges | 640/8 | €60,115 | €91,457 | +€31,342 | +52.1% |
| Non-recurring operating charges | 66A | €251,381 | - | -€251,381 | |
| Operating profit (loss) | 9901 | -€528,962 | -€441,556 | +€87,406 | +16.5% |
| Financial income | 75/76B | €720,663 | €83,398 | -€637,266 | -88.4% |
| Recurring financial income | 75 | €720,663 | €83,398 | -€637,266 | -88.4% |
| Income from current assets | 751 | €58,438 | €34,979 | -€23,460 | -40.1% |
| Other financial income | 752/9 | €662,225 | €48,419 | -€613,806 | -92.7% |
| Financial charges | 65/66B | €71,734 | €1,388,367 | +€1.3m | +1835.4% |
| Recurring financial charges | 65 | €71,734 | €1,388,367 | +€1.3m | +1835.4% |
| Debt charges | 650 | €3,745 | €84,073 | +€80,328 | +2145.2% |
| Other financial charges | 652/9 | €67,989 | €1,304,294 | +€1.2m | +1818.4% |
| Profit (loss) for the period before taxes | 9903 | €119,967 | -€1,746,525 | -€1.9m | |
| Income taxes | 67/77 | €349 | €394 | +€44 | +12.7% |
| Taxes | 670/3 | €349 | €394 | +€44 | +12.7% |
| Profit (loss) for the period | 9904 | €119,618 | -€1,746,919 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €119,618 | -€1,746,919 | -€1.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.