Intserv: what changed
Intserv
Largest movements
- Receivables within one year +€33,061
up €33,061 (+33.3%), from €99,252 to €132,313
- Tangible fixed assets -€11,373
down €11,373 (-35.2%), from €32,306 to €20,933
of which Leasing and similar rights: -€13,969
- Cash -€8,370
down €8,370 (-46.2%), from €18,097 to €9,727
mainly Receivables within one year (-€33,061) and Debts after one year (-€12,155)
- Reserves +€36,628
up €36,628 (+45.9%), from €79,823 to €116,451
- Debts after one year -€12,155
no longer reported in 2025 (was €12,155)
- Other debts -€7,674
down €7,674 (-76.7%), from €10,007 to €2,332
- Tax, wage and social debts -€2,474
down €2,474 (-15.7%), from €15,724 to €13,250
- Current portion of long-term debt -€2,153
down €2,153 (-15.0%), from €14,309 to €12,155
- Gross operating margin -€13,403
down €13,403 (-14.9%), from €90,199 to €76,796
- Taxes -€4,458
down €4,458 (-19.8%), from €22,558 to €18,100
- Depreciation +€1,409
up €1,409 (+9.2%), from €15,383 to €16,792
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,587 | €165,030 | +€13,444 | +8.9% |
| Fixed assets | 21/28 | €32,306 | €20,933 | -€11,373 | -35.2% |
| Tangible fixed assets | 22/27 | €32,306 | €20,933 | -€11,373 | -35.2% |
| Plant, machinery and equipment | 23 | €2,111 | €5,525 | +€3,415 | +162% |
| Furniture and vehicles | 24 | €1,042 | €528 | -€514 | -49.3% |
| Leasing and similar rights | 25 | €26,177 | €12,208 | -€13,969 | -53.4% |
| Other tangible fixed assets | 26 | €2,977 | €2,671 | -€306 | -10.3% |
| Current assets | 29/58 | €119,280 | €144,097 | +€24,817 | +20.8% |
| Amounts receivable within one year | 40/41 | €99,252 | €132,313 | +€33,061 | +33.3% |
| Trade receivables | 40 | €99,252 | €132,313 | +€33,061 | +33.3% |
| Cash at bank and in hand | 54/58 | €18,097 | €9,727 | -€8,370 | -46.2% |
| Deferred charges and accrued income | 490/1 | €1,931 | €2,057 | +€126 | +6.5% |
| Total equity and liabilities | 10/49 | €151,587 | €165,030 | +€13,444 | +8.9% |
| Equity | 10/15 | €98,423 | €135,051 | +€36,628 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,823 | €116,451 | +€36,628 | +45.9% |
| Distributable reserves | 133 | €79,823 | €116,451 | +€36,628 | +45.9% |
| Amounts payable | 17/49 | €53,164 | €29,980 | -€23,184 | -43.6% |
| Amounts payable after more than one year | 17 | €12,155 | - | -€12,155 | |
| Financial debts | 170/4 | €12,155 | - | -€12,155 | |
| Amounts payable within one year | 42/48 | €41,009 | €29,980 | -€11,029 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €14,309 | €12,155 | -€2,153 | -15.0% |
| Trade debts | 44 | €969 | €2,242 | +€1,273 | +131% |
| Suppliers | 440/4 | €969 | €2,242 | +€1,273 | +131% |
| Taxes, remuneration and social security | 45 | €15,724 | €13,250 | -€2,474 | -15.7% |
| Taxes | 450/3 | €15,724 | €13,250 | -€2,474 | -15.7% |
| Other amounts payable | 47/48 | €10,007 | €2,332 | -€7,674 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,383 | €16,792 | +€1,409 | +9.2% |
| Other operating charges | 640/8 | €2,290 | €2,404 | +€114 | +5.0% |
| Gross operating margin | 9900 | €90,199 | €76,796 | -€13,403 | -14.9% |
| Operating profit (loss) | 9901 | €72,526 | €57,601 | -€14,925 | -20.6% |
| Financial income | 75/76B | €3 | €6 | +€3 | +96.5% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +96.5% |
| Financial charges | 65/66B | €2,057 | €1,212 | -€845 | -41.1% |
| Recurring financial charges | 65 | €1,770 | €1,212 | -€559 | -31.6% |
| Non-recurring financial charges | 66B | €287 | - | -€287 | |
| Profit (loss) for the period before taxes | 9903 | €70,472 | €56,394 | -€14,077 | -20.0% |
| Income taxes | 67/77 | €22,558 | €18,100 | -€4,458 | -19.8% |
| Profit (loss) for the period | 9904 | €47,914 | €38,294 | -€9,620 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,914 | €38,294 | -€9,620 | -20.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.