INTERTEL: what changed
INTERTEL
Largest movements
- Stocks and contracts +€297,208
up €297,208 (+3,163%), from €9,395 to €306,603
- Cash -€113,381
down €113,381 (-85.2%), from €133,071 to €19,690
mainly Stocks and contracts (-€297,208) and Net result for the year (-€9,991)
- Receivables within one year -€51,460
down €51,460 (-63.9%), from €80,478 to €29,017
of which Trade receivables: -€51,466
- Tangible fixed assets -€6,310
down €6,310 (-14.0%), from €45,015 to €38,705
of which Plant, machinery and equipment: -€3,791
- Other debts +€65,942
up €65,942 (+38.5%), from €171,326 to €237,269
- Advances received +€39,500
up €39,500 (+22.8%), from €173,438 to €212,938
- Trade debts +€30,914
up €30,914 (+256%), from €12,080 to €42,994
- Profit (loss) carried forward -€9,991
down €9,991 (-6.6%), from -€150,885 to -€160,877
- Gross operating margin -€14,168
down €14,168, from €11,709 to -€2,460
- Depreciation -€3,366
down €3,366 (-34.8%), from €9,676 to €6,310
- Other operating charges +€345
up €345 (+65.0%), from €530 to €875
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 | €267,958 | €394,323 | +€126,365 | +47.2% |
| Fixed assets | 21/28 | €45,015 | €39,014 | -€6,001 | -13.3% |
| Tangible fixed assets | 22/27 | €45,015 | €38,705 | -€6,310 | -14.0% |
| Plant, machinery and equipment | 23 | €42,496 | €38,705 | -€3,791 | -8.9% |
| Furniture and vehicles | 24 | €2,520 | - | -€2,520 | |
| Financial fixed assets | 28 | - | €309 | +€309 | |
| Current assets | 29/58 | €222,943 | €355,309 | +€132,366 | +59.4% |
| Stocks and contracts in progress | 3 | €9,395 | €306,603 | +€297,208 | +3,163% |
| Stocks | 30/36 | €9,395 | €306,603 | +€297,208 | +3,163% |
| Amounts receivable within one year | 40/41 | €80,478 | €29,017 | -€51,460 | -63.9% |
| Trade receivables | 40 | €79,735 | €28,269 | -€51,466 | -64.5% |
| Other amounts receivable | 41 | €742 | €748 | +€6 | +0.8% |
| Cash at bank and in hand | 54/58 | €133,071 | €19,690 | -€113,381 | -85.2% |
| Total equity and liabilities | 10/49 | €267,958 | €394,323 | +€126,365 | +47.2% |
| Equity | 10/15 | -€88,885 | -€98,877 | -€9,991 | -11.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,885 | -€160,877 | -€9,991 | -6.6% |
| Amounts payable | 17/49 | €356,844 | €493,200 | +€136,356 | +38.2% |
| Amounts payable within one year | 42/48 | €356,844 | €493,200 | +€136,356 | +38.2% |
| Trade debts | 44 | €12,080 | €42,994 | +€30,914 | +256% |
| Suppliers | 440/4 | €12,080 | €42,994 | +€30,914 | +256% |
| Advances received on contracts in progress | 46 | €173,438 | €212,938 | +€39,500 | +22.8% |
| Other amounts payable | 47/48 | €171,326 | €237,269 | +€65,942 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,676 | €6,310 | -€3,366 | -34.8% |
| Other operating charges | 640/8 | €530 | €875 | +€345 | +65.0% |
| Gross operating margin | 9900 | €11,709 | -€2,460 | -€14,168 | |
| Operating profit (loss) | 9901 | €1,503 | -€9,645 | -€11,147 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €366 | €347 | -€19 | -5.2% |
| Recurring financial charges | 65 | €366 | €347 | -€19 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,136 | -€9,991 | -€11,127 | |
| Profit (loss) for the period | 9904 | €1,136 | -€9,991 | -€11,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,136 | -€9,991 | -€11,127 |
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 5 November 2026 via checked.be.