Inter - Budget Construct: what changed
Two fiscal 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.
Inter - Budget Construct
Largest movements
- Cash +€7,561
up €7,561 (+64.6%), from €11,705 to €19,266
mainly Net result for the year (+€5,077) and Tax, wage and social debts (+€2,420)
- Profit (loss) carried forward +€5,077
up €5,077 (+39.5%), from -€12,864 to -€7,787
- Tax, wage and social debts +€2,420
up €2,420 (+381.7%), from €634 to €3,054
of which Remuneration and social security: +€2,336
- Gross operating margin -€698
down €698 (-11.3%), from €6,176 to €5,478
- Financial charges -€187
down €187 (-46.6%), from €402 to €214
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.
Cash bridge derived
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 | €118,011 | €125,530 | +€7,519 | +6.4% |
| Fixed assets | 21/28 | €102,828 | €102,595 | -€233 | -0.2% |
| Tangible fixed assets | 22/27 | €102,798 | €102,565 | -€233 | -0.2% |
| Land and buildings | 22 | €102,100 | €101,977 | -€123 | -0.1% |
| Plant, machinery and equipment | 23 | €698 | €588 | -€110 | -15.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €15,183 | €22,935 | +€7,752 | +51.1% |
| Amounts receivable within one year | 40/41 | €3,479 | €3,670 | +€191 | +5.5% |
| Other amounts receivable | 41 | €3,479 | €3,670 | +€191 | +5.5% |
| Cash at bank and in hand | 54/58 | €11,705 | €19,266 | +€7,561 | +64.6% |
| Total equity and liabilities | 10/49 | €118,011 | €125,530 | +€7,519 | +6.4% |
| Equity | 10/15 | €31,834 | €36,912 | +€5,077 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,107 | €26,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €24,248 | €24,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,864 | -€7,787 | +€5,077 | +39.5% |
| Amounts payable | 17/49 | €86,177 | €88,619 | +€2,442 | +2.8% |
| Amounts payable within one year | 42/48 | €86,177 | €88,619 | +€2,442 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €85,007 | €85,007 | = | 0.0% |
| Trade debts | 44 | €536 | €558 | +€22 | +4.1% |
| Suppliers | 440/4 | €536 | €558 | +€22 | +4.1% |
| Taxes, remuneration and social security | 45 | €634 | €3,054 | +€2,420 | +381.7% |
| Taxes | 450/3 | €634 | €718 | +€84 | +13.2% |
| Remuneration and social security | 454/9 | - | €2,336 | +€2,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €233 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €6,176 | €5,478 | -€698 | -11.3% |
| Operating profit (loss) | 9901 | €5,802 | €5,101 | -€701 | -12.1% |
| Financial income | 75/76B | €198 | €191 | -€7 | -3.5% |
| Recurring financial income | 75 | €198 | €191 | -€7 | -3.5% |
| Financial charges | 65/66B | €402 | €214 | -€187 | -46.6% |
| Recurring financial charges | 65 | €402 | €214 | -€187 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €5,598 | €5,077 | -€521 | -9.3% |
| Profit (loss) for the period | 9904 | €5,598 | €5,077 | -€521 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,598 | €5,077 | -€521 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.