Intelimmo: 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.
Intelimmo
Largest movements
- Receivables within one year -€68,586
down €68,586 (-100%), from €68,586 to €0
of which Trade receivables: -€68,405
- Tangible fixed assets -€23,867
down €23,867 (-5.0%), from €478,439 to €454,572
of which Land and buildings: -€23,314
- Cash -€8,313
down €8,313 (-19.1%), from €43,517 to €35,204
mainly Contributions, distributions and other (-€145,000) and Debts after one year (-€31,370)
- Reserves -€66,182
down €66,182 (-44.8%), from €147,724 to €81,543
- Debts after one year -€31,370
down €31,370 (-8.0%), from €389,717 to €358,348
- Tax, wage and social debts -€18,011
down €18,011 (-89.5%), from €20,116 to €2,105
of which Taxes: -€15,601
- Other debts +€9,866
up €9,866 (+3,146%), from €314 to €10,179
- Gross operating margin -€35,295
down €35,295 (-20.5%), from €171,842 to €136,546
- Taxes -€8,389
down €8,389 (-28.5%), from €29,474 to €21,084
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 | €595,591 | €490,201 | -€105,390 | -17.7% |
| Fixed assets | 21/28 | €478,439 | €454,572 | -€23,867 | -5.0% |
| Tangible fixed assets | 22/27 | €478,439 | €454,572 | -€23,867 | -5.0% |
| Land and buildings | 22 | €476,507 | €453,193 | -€23,314 | -4.9% |
| Plant, machinery and equipment | 23 | €1,932 | €1,380 | -€553 | -28.6% |
| Current assets | 29/58 | €117,152 | €35,629 | -€81,523 | -69.6% |
| Amounts receivable within one year | 40/41 | €68,586 | €0 | -€68,586 | -100% |
| Trade receivables | 40 | €68,405 | €0 | -€68,405 | -100% |
| Other amounts receivable | 41 | €181 | €0 | -€181 | -100% |
| Cash at bank and in hand | 54/58 | €43,517 | €35,204 | -€8,313 | -19.1% |
| Deferred charges and accrued income | 490/1 | €5,049 | €425 | -€4,625 | -91.6% |
| Total equity and liabilities | 10/49 | €595,591 | €490,201 | -€105,390 | -17.7% |
| Equity | 10/15 | €152,724 | €86,543 | -€66,182 | -43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,724 | €81,543 | -€66,182 | -44.8% |
| Distributable reserves | 133 | €147,724 | €81,543 | -€66,182 | -44.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €442,867 | €403,658 | -€39,208 | -8.9% |
| Amounts payable after more than one year | 17 | €389,717 | €358,348 | -€31,370 | -8.0% |
| Financial debts | 170/4 | €389,717 | €358,348 | -€31,370 | -8.0% |
| Amounts payable within one year | 42/48 | €52,835 | €45,311 | -€7,524 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €30,918 | €31,370 | +€451 | +1.5% |
| Trade debts | 44 | €1,487 | €1,656 | +€169 | +11.4% |
| Suppliers | 440/4 | €1,487 | €1,656 | +€169 | +11.4% |
| Taxes, remuneration and social security | 45 | €20,116 | €2,105 | -€18,011 | -89.5% |
| Taxes | 450/3 | €17,707 | €2,105 | -€15,601 | -88.1% |
| Remuneration and social security | 454/9 | €2,410 | €0 | -€2,410 | -100% |
| Other amounts payable | 47/48 | €314 | €10,179 | +€9,866 | +3,146% |
| Accrued charges and deferred income | 492/3 | €314 | €0 | -€314 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,867 | €23,867 | = | 0.0% |
| Other operating charges | 640/8 | €6,516 | €6,689 | +€173 | +2.7% |
| Gross operating margin | 9900 | €171,842 | €136,546 | -€35,295 | -20.5% |
| Operating profit (loss) | 9901 | €141,459 | €105,991 | -€35,468 | -25.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,535 | €6,088 | -€447 | -6.8% |
| Recurring financial charges | 65 | €6,535 | €6,088 | -€447 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €134,924 | €99,903 | -€35,022 | -26.0% |
| Income taxes | 67/77 | €29,474 | €21,084 | -€8,389 | -28.5% |
| Profit (loss) for the period | 9904 | €105,451 | €78,818 | -€26,632 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,451 | €78,818 | -€26,632 | -25.3% |
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 19 October 2026 via checked.be.