INTER ERD: 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 ERD
Largest movements
- Cash -€14,137
down €14,137 (-35.8%), from €39,476 to €25,338
mainly Trade debts (-€32,613) and Receivables within one year (-€5,510)
- Tangible fixed assets -€10,890
down €10,890 (-35.5%), from €30,686 to €19,796
- Receivables within one year +€5,510
up €5,510 (+67.4%), from €8,171 to €13,681
of which Other amounts receivable: +€5,352
- Trade debts -€32,613
down €32,613 (-98.6%), from €33,063 to €450
of which Suppliers: -€33,063
- Profit (loss) carried forward +€16,879
up €16,879 (+52.5%), from €32,176 to €49,055
- Tax, wage and social debts -€3,784
down €3,784 (-46.7%), from €8,094 to €4,310
- Depreciation +€10,890
new in 2025: €10,890
- Gross operating margin -€7,927
down €7,927 (-19.5%), from €40,627 to €32,700
- Taxes -€3,734
down €3,734 (-46.4%), from €8,044 to €4,310
- Other operating charges +€576
new in 2025: €576
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 | €78,333 | €58,815 | -€19,518 | -24.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €30,686 | €19,796 | -€10,890 | -35.5% |
| Tangible fixed assets | 22/27 | €30,686 | €19,796 | -€10,890 | -35.5% |
| Furniture and vehicles | 24 | €30,686 | €19,796 | -€10,890 | -35.5% |
| Current assets | 29/58 | €47,647 | €39,019 | -€8,628 | -18.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,171 | €13,681 | +€5,510 | +67.4% |
| Trade receivables | 40 | €387 | €545 | +€157 | +40.6% |
| Other amounts receivable | 41 | €7,784 | €13,136 | +€5,352 | +68.8% |
| Cash at bank and in hand | 54/58 | €39,476 | €25,338 | -€14,137 | -35.8% |
| Total equity and liabilities | 10/49 | €78,333 | €58,815 | -€19,518 | -24.9% |
| Equity | 10/15 | €37,176 | €54,055 | +€16,879 | +45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,176 | €49,055 | +€16,879 | +52.5% |
| Amounts payable | 17/49 | €41,157 | €4,760 | -€36,397 | -88.4% |
| Amounts payable within one year | 42/48 | €41,157 | €4,760 | -€36,397 | -88.4% |
| Trade debts | 44 | €33,063 | €450 | -€32,613 | -98.6% |
| Suppliers | 440/4 | €33,063 | - | -€33,063 | |
| Bills of exchange payable | 441 | - | €450 | +€450 | |
| Taxes, remuneration and social security | 45 | €8,094 | €4,310 | -€3,784 | -46.7% |
| Taxes | 450/3 | €8,094 | €4,310 | -€3,784 | -46.7% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,890 | +€10,890 | |
| Other operating charges | 640/8 | - | €576 | +€576 | |
| Gross operating margin | 9900 | €40,627 | €32,700 | -€7,927 | -19.5% |
| Operating profit (loss) | 9901 | €40,240 | €21,234 | -€19,005 | -47.2% |
| Financial charges | 65/66B | €20 | €45 | +€25 | +122.8% |
| Recurring financial charges | 65 | €20 | €45 | +€25 | +122.8% |
| Profit (loss) for the period before taxes | 9903 | €40,219 | €21,189 | -€19,030 | -47.3% |
| Income taxes | 67/77 | €8,044 | €4,310 | -€3,734 | -46.4% |
| Profit (loss) for the period | 9904 | €32,176 | €16,879 | -€15,296 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,176 | €16,879 | -€15,296 | -47.5% |
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 7 October 2026 via checked.be.