INTER BUSINESS: 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.
INTER BUSINESS
Largest movements
- Stocks and contracts -€243,113
down €243,113 (-54.3%), from €447,373 to €204,260
- Receivables within one year -€158,543
down €158,543 (-59.4%), from €266,691 to €108,148
of which Other amounts receivable: -€123,038
- Tangible fixed assets -€130,145
down €130,145 (-72.3%), from €180,014 to €49,869
of which Leasing and similar rights: -€115,675
- Cash -€110,386
down €110,386 (-28.7%), from €384,631 to €274,246
mainly Debts after one year (-€543,448) and Current portion of long-term debt (-€146,468)
- Debts after one year -€543,448
down €543,448 (-98.2%), from €553,540 to €10,092
- Current portion of long-term debt -€146,468
down €146,468 (-96.7%), from €151,446 to €4,978
- Other debts +€118,255
up €118,255 (+78.6%), from €150,476 to €268,731
- Trade debts -€72,826
down €72,826 (-87.5%), from €83,225 to €10,399
- Reserves +€38,418
up €38,418 (+13.1%), from €292,719 to €331,137
- Gross operating margin -€99,609
down €99,609 (-33.3%), from €298,784 to €199,175
- Financial charges +€42,558
up €42,558 (+473%), from €8,999 to €51,557
- Financial income +€38,001
new in 2025: €38,001
- Taxes -€5,320
down €5,320 (-17.4%), from €30,593 to €25,273
- Depreciation -€5,000
down €5,000 (-20.9%), from €23,880 to €18,879
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 | €1,282,947 | €642,769 | -€640,178 | -49.9% |
| Fixed assets | 21/28 | €184,251 | €56,115 | -€128,136 | -69.5% |
| Tangible fixed assets | 22/27 | €180,014 | €49,869 | -€130,145 | -72.3% |
| Land and buildings | 22 | €2,750 | €2,314 | -€436 | -15.9% |
| Plant, machinery and equipment | 23 | €148 | €3,505 | +€3,357 | +2,272% |
| Furniture and vehicles | 24 | €41,735 | €37,741 | -€3,994 | -9.6% |
| Leasing and similar rights | 25 | €115,675 | - | -€115,675 | |
| Other tangible fixed assets | 26 | €17,076 | €6,309 | -€10,767 | -63.1% |
| Assets under construction and advance payments | 27 | €2,629 | - | -€2,629 | |
| Financial fixed assets | 28 | €4,238 | €6,246 | +€2,009 | +47.4% |
| Current assets | 29/58 | €1,098,696 | €586,654 | -€512,042 | -46.6% |
| Stocks and contracts in progress | 3 | €447,373 | €204,260 | -€243,113 | -54.3% |
| Stocks | 30/36 | €447,373 | €204,260 | -€243,113 | -54.3% |
| Amounts receivable within one year | 40/41 | €266,691 | €108,148 | -€158,543 | -59.4% |
| Trade receivables | 40 | €63,310 | €27,805 | -€35,505 | -56.1% |
| Other amounts receivable | 41 | €203,381 | €80,343 | -€123,038 | -60.5% |
| Cash at bank and in hand | 54/58 | €384,631 | €274,246 | -€110,386 | -28.7% |
| Total equity and liabilities | 10/49 | €1,282,947 | €642,769 | -€640,178 | -49.9% |
| Equity | 10/15 | €305,113 | €343,532 | +€38,418 | +12.6% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €292,719 | €331,137 | +€38,418 | +13.1% |
| Distributable reserves | 133 | €292,719 | €331,137 | +€38,418 | +13.1% |
| Amounts payable | 17/49 | €977,834 | €299,237 | -€678,596 | -69.4% |
| Amounts payable after more than one year | 17 | €553,540 | €10,092 | -€543,448 | -98.2% |
| Financial debts | 170/4 | €553,540 | €10,092 | -€543,448 | -98.2% |
| Amounts payable within one year | 42/48 | €424,294 | €289,145 | -€135,148 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €151,446 | €4,978 | -€146,468 | -96.7% |
| Trade debts | 44 | €83,225 | €10,399 | -€72,826 | -87.5% |
| Suppliers | 440/4 | €83,225 | €10,399 | -€72,826 | -87.5% |
| Taxes, remuneration and social security | 45 | €39,147 | €5,038 | -€34,109 | -87.1% |
| Taxes | 450/3 | €39,147 | €5,038 | -€34,109 | -87.1% |
| Other amounts payable | 47/48 | €150,476 | €268,731 | +€118,255 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,880 | €18,879 | -€5,000 | -20.9% |
| Other operating charges | 640/8 | €3,257 | €3,048 | -€208 | -6.4% |
| Gross operating margin | 9900 | €298,784 | €199,175 | -€99,609 | -33.3% |
| Operating profit (loss) | 9901 | €271,648 | €177,247 | -€94,400 | -34.8% |
| Financial income | 75/76B | - | €38,001 | +€38,001 | |
| Recurring financial income | 75 | - | €38,001 | +€38,001 | |
| Financial charges | 65/66B | €8,999 | €51,557 | +€42,558 | +473% |
| Recurring financial charges | 65 | €8,999 | €51,557 | +€42,558 | +473% |
| Profit (loss) for the period before taxes | 9903 | €262,649 | €163,692 | -€98,957 | -37.7% |
| Income taxes | 67/77 | €30,593 | €25,273 | -€5,320 | -17.4% |
| Profit (loss) for the period | 9904 | €232,055 | €138,418 | -€93,637 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €232,055 | €138,418 | -€93,637 | -40.4% |
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 21 October 2026 via checked.be.