LE INTELLIGENCE: 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.
LE INTELLIGENCE
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets +€182,019
up €182,019 (+156%), from €116,603 to €298,622
of which Leasing and similar rights: +€174,521
- Cash +€113,216
up €113,216 (+166%), from €68,212 to €181,429
mainly Current investments (+€250,000) and Debts after one year (+€130,046)
- Receivables within one year +€54,646
up €54,646 (+223%), from €24,551 to €79,197
of which Other amounts receivable: +€40,110
- Debts after one year +€130,046
up €130,046 (+160%), from €81,378 to €211,424
- Other debts -€58,824
down €58,824 (-100%), from €58,824 to €0
- Reserves +€47,007
up €47,007 (+17.9%), from €262,095 to €309,101
of which Distributable reserves: +€47,007
- Tax, wage and social debts -€13,011
down €13,011 (-71.6%), from €18,168 to €5,157
of which Taxes: -€8,437
- Trade debts -€8,578
down €8,578 (-52.3%), from €16,407 to €7,830
- Gross operating margin -€9,634
down €9,634 (-11.0%), from €87,362 to €77,728
- Financial income -€5,598
down €5,598 (-51.2%), from €10,941 to €5,342
- Financial charges +€1,768
up €1,768 (+76.0%), from €2,325 to €4,093
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 | €462,519 | €562,066 | +€99,547 | +21.5% |
| Fixed assets | 21/28 | €117,213 | €299,232 | +€182,019 | +155% |
| Tangible fixed assets | 22/27 | €116,603 | €298,622 | +€182,019 | +156% |
| Plant, machinery and equipment | 23 | €12,212 | €33,100 | +€20,888 | +171% |
| Furniture and vehicles | 24 | €16,964 | €3,574 | -€13,389 | -78.9% |
| Leasing and similar rights | 25 | €87,427 | €261,947 | +€174,521 | +200% |
| Financial fixed assets | 28 | €610 | €610 | = | 0.0% |
| Current assets | 29/58 | €345,306 | €262,834 | -€82,472 | -23.9% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,551 | €79,197 | +€54,646 | +223% |
| Trade receivables | 40 | €3,691 | €18,226 | +€14,536 | +394% |
| Other amounts receivable | 41 | €20,860 | €60,971 | +€40,110 | +192% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €68,212 | €181,429 | +€113,216 | +166% |
| Deferred charges and accrued income | 490/1 | €1,542 | €1,208 | -€334 | -21.7% |
| Total equity and liabilities | 10/49 | €462,519 | €562,066 | +€99,547 | +21.5% |
| Equity | 10/15 | €280,695 | €327,701 | +€47,007 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €262,095 | €309,101 | +€47,007 | +17.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €262,095 | €309,101 | +€47,007 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €181,824 | €234,365 | +€52,540 | +28.9% |
| Amounts payable after more than one year | 17 | €81,378 | €211,424 | +€130,046 | +160% |
| Financial debts | 170/4 | €81,378 | €211,424 | +€130,046 | +160% |
| Amounts payable within one year | 42/48 | €100,446 | €22,941 | -€77,505 | -77.2% |
| Current portion of amounts payable after more than one year | 42 | €7,047 | €9,954 | +€2,907 | +41.3% |
| Trade debts | 44 | €16,407 | €7,830 | -€8,578 | -52.3% |
| Suppliers | 440/4 | €16,407 | €7,830 | -€8,578 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,168 | €5,157 | -€13,011 | -71.6% |
| Taxes | 450/3 | €13,594 | €5,157 | -€8,437 | -62.1% |
| Remuneration and social security | 454/9 | €4,574 | €0 | -€4,574 | -100% |
| Other amounts payable | 47/48 | €58,824 | €0 | -€58,824 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,611 | €11,090 | +€479 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €815 | €50 | -€765 | -93.9% |
| Other operating charges | 640/8 | €5,903 | €5,428 | -€475 | -8.0% |
| Non-recurring operating charges | 66A | - | €943 | +€943 | |
| Gross operating margin | 9900 | €87,362 | €77,728 | -€9,634 | -11.0% |
| Operating profit (loss) | 9901 | €70,034 | €60,216 | -€9,817 | -14.0% |
| Financial income | 75/76B | €10,941 | €5,342 | -€5,598 | -51.2% |
| Recurring financial income | 75 | €10,941 | €5,342 | -€5,598 | -51.2% |
| Financial charges | 65/66B | €2,325 | €4,093 | +€1,768 | +76.0% |
| Recurring financial charges | 65 | €2,325 | €4,093 | +€1,768 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €78,649 | €61,466 | -€17,183 | -21.8% |
| Income taxes | 67/77 | €15,267 | €14,459 | -€808 | -5.3% |
| Profit (loss) for the period | 9904 | €63,382 | €47,007 | -€16,375 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,382 | €47,007 | -€16,375 | -25.8% |
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 13 October 2026 via checked.be.