INTER: 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.
What changed
INTER
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,960
2024 · €21,033-€16,073
Equity
€3.6m
2024 · €3.6m+€4,960
Cash
€9,015
2024 · €19,181-€10,166
Balance sheet total
€6.0m
2024 · €5.9m+€128,282
Largest movements
Assets
- Receivables within one year +€200,860
up €200,860 (+39.9%), from €503,138 to €703,998
of which Trade receivables: +€200,000
- Tangible fixed assets -€67,062
down €67,062 (-3.5%), from €1.9m to €1.9m
of which Furniture and vehicles: -€124,807
Equity and liabilities
- Other debts +€259,922
up €259,922 (+15.7%), from €1.7m to €1.9m
- Debts after one year -€76,979
down €76,979 (-18.3%), from €419,799 to €342,819
Income statement
- Depreciation +€10,155
up €10,155 (+12.2%), from €83,203 to €93,357
- Taxes +€7,595
up €7,595 (+507%), from €1,498 to €9,093
- Other operating charges +€2,989
up €2,989 (+27.8%), from €10,747 to €13,736
- Staff costs -€2,912
down €2,912 (-6.8%), from €42,915 to €40,003
- Financial charges -€2,075
down €2,075 (-15.7%), from €13,252 to €11,177
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
€21,033
Gross operating margin
-€321
Staff costs
+€2,912
Depreciation
-€10,155
Other operating charges
-€2,989
Financial charges
+€2,075
Taxes
-€7,595
Result 2025
€4,960
raises the resultlowers the result
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.
From operations
+€110,030
Investment
-€26,296
Financing
-€93,901
Cash 2024
€19,181
From operations (derived)
+€110,030
Net result for the year
+€4,960
Depreciation
+€93,357
Stocks and contracts
-€1,515
Receivables within one year
-€200,860
Deferred charges and accrued income
-€3,134
Trade debts
-€42,451
Smaller working-capital items
-€249
Other debts
+€259,922
Investment (derived)
-€26,296
Investment in fixed assets (net)
-€26,296
Financing
-€93,901
Debts after one year
-€76,979
Current portion of long-term debt
-€16,922
Cash 2025
€9,015
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,908,875 | €6,037,156 | +€128,282 | +2.2% |
| Fixed assets | 21/28 | €4,261,529 | €4,194,467 | -€67,062 | -1.6% |
| Tangible fixed assets | 22/27 | €1,922,468 | €1,855,406 | -€67,062 | -3.5% |
| Land and buildings | 22 | €1,633,288 | €1,775,166 | +€141,878 | +8.7% |
| Plant, machinery and equipment | 23 | €45,969 | - | -€45,969 | |
| Furniture and vehicles | 24 | €172,454 | €47,646 | -€124,807 | -72.4% |
| Leasing and similar rights | 25 | €70,757 | €32,593 | -€38,164 | -53.9% |
| Financial fixed assets | 28 | €2,339,061 | €2,339,061 | = | 0.0% |
| Current assets | 29/58 | €1,647,346 | €1,842,689 | +€195,344 | +11.9% |
| Amounts receivable after more than one year | 29 | €1,114,300 | €1,114,300 | = | 0.0% |
| Trade receivables | 290 | €1,114,300 | €1,114,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,000 | €4,515 | +€1,515 | +50.5% |
| Stocks | 30/36 | €3,000 | €4,515 | +€1,515 | +50.5% |
| Amounts receivable within one year | 40/41 | €503,138 | €703,998 | +€200,860 | +39.9% |
| Trade receivables | 40 | €390,000 | €590,000 | +€200,000 | +51.3% |
| Other amounts receivable | 41 | €113,138 | €113,998 | +€860 | +0.8% |
| Cash at bank and in hand | 54/58 | €19,181 | €9,015 | -€10,166 | -53.0% |
| Deferred charges and accrued income | 490/1 | €7,727 | €10,861 | +€3,134 | +40.6% |
| Total equity and liabilities | 10/49 | €5,908,875 | €6,037,156 | +€128,282 | +2.2% |
| Equity | 10/15 | €3,600,304 | €3,605,264 | +€4,960 | +0.1% |
| Contributions | 10/11 | €17,353 | €17,353 | = | 0.0% |
| Revaluation surpluses | 12 | €2,172,878 | €2,172,878 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,407,595 | €1,412,555 | +€4,960 | +0.4% |
| Amounts payable | 17/49 | €2,308,570 | €2,431,892 | +€123,322 | +5.3% |
| Amounts payable after more than one year | 17 | €419,799 | €342,819 | -€76,979 | -18.3% |
| Financial debts | 170/4 | €419,799 | €342,819 | -€76,979 | -18.3% |
| Amounts payable within one year | 42/48 | €1,886,465 | €2,087,108 | +€200,643 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €93,901 | €76,979 | -€16,922 | -18.0% |
| Financial debts | 43 | €52,000 | €52,000 | = | 0.0% |
| Other loans | 439 | €52,000 | €52,000 | = | 0.0% |
| Trade debts | 44 | €73,426 | €30,976 | -€42,451 | -57.8% |
| Suppliers | 440/4 | €73,426 | €30,976 | -€42,451 | -57.8% |
| Taxes, remuneration and social security | 45 | €7,316 | €7,409 | +€93 | +1.3% |
| Taxes | 450/3 | €3,210 | €3,543 | +€333 | +10.4% |
| Remuneration and social security | 454/9 | €4,105 | €3,865 | -€240 | -5.8% |
| Other amounts payable | 47/48 | €1,659,823 | €1,919,745 | +€259,922 | +15.7% |
| Accrued charges and deferred income | 492/3 | €2,307 | €1,965 | -€342 | -14.8% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €42,915 | €40,003 | -€2,912 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,203 | €93,357 | +€10,155 | +12.2% |
| Other operating charges | 640/8 | €10,747 | €13,736 | +€2,989 | +27.8% |
| Gross operating margin | 9900 | €172,648 | €172,326 | -€321 | -0.2% |
| Operating profit (loss) | 9901 | €35,783 | €25,230 | -€10,553 | -29.5% |
| Financial charges | 65/66B | €13,252 | €11,177 | -€2,075 | -15.7% |
| Recurring financial charges | 65 | €13,252 | €11,177 | -€2,075 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €22,531 | €14,053 | -€8,478 | -37.6% |
| Income taxes | 67/77 | €1,498 | €9,093 | +€7,595 | +507% |
| Profit (loss) for the period | 9904 | €21,033 | €4,960 | -€16,073 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,033 | €4,960 | -€16,073 | -76.4% |
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 22 October 2026 via checked.be.