INTER F.E.S.S.: 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 F.E.S.S.
Largest movements
- Receivables within one year -€67,472
down €67,472 (-91.3%), from €73,913 to €6,442
of which Trade receivables: -€68,783
- Tangible fixed assets +€10,243
up €10,243 (+2.5%), from €411,583 to €421,826
of which Plant, machinery and equipment: +€30,940
- Debts after one year -€28,494
down €28,494 (-9.2%), from €310,313 to €281,820
- Other debts -€26,807
down €26,807 (-47.7%), from €56,186 to €29,378
- Reserves +€10,954
up €10,954 (+80.3%), from €13,634 to €24,588
- Accrued charges and deferred income -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Current portion of long-term debt -€8,946
down €8,946 (-22.5%), from €39,779 to €30,834
- Gross operating margin +€14,501
up €14,501 (+32.0%), from €45,299 to €59,800
- Depreciation +€3,500
up €3,500 (+12.0%), from €29,257 to €32,757
- Taxes +€2,559
up €2,559 (+420%), from €610 to €3,169
- Financial charges -€1,319
down €1,319 (-12.4%), from €10,662 to €9,343
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 | €488,231 | €430,590 | -€57,641 | -11.8% |
| Fixed assets | 21/28 | €411,583 | €421,826 | +€10,243 | +2.5% |
| Tangible fixed assets | 22/27 | €411,583 | €421,826 | +€10,243 | +2.5% |
| Land and buildings | 22 | €390,229 | €382,732 | -€7,497 | -1.9% |
| Plant, machinery and equipment | 23 | €1,120 | €32,060 | +€30,940 | +2,763% |
| Furniture and vehicles | 24 | €20,234 | €7,034 | -€13,200 | -65.2% |
| Current assets | 29/58 | €76,648 | €8,765 | -€67,884 | -88.6% |
| Amounts receivable within one year | 40/41 | €73,913 | €6,442 | -€67,472 | -91.3% |
| Trade receivables | 40 | €73,847 | €5,063 | -€68,783 | -93.1% |
| Other amounts receivable | 41 | €67 | €1,378 | +€1,312 | +1,970% |
| Cash at bank and in hand | 54/58 | €1,547 | €1,117 | -€430 | -27.8% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,206 | +€17 | +1.5% |
| Total equity and liabilities | 10/49 | €488,231 | €430,590 | -€57,641 | -11.8% |
| Equity | 10/15 | €33,634 | €44,588 | +€10,954 | +32.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,634 | €24,588 | +€10,954 | +80.3% |
| Distributable reserves | 133 | €13,634 | €24,588 | +€10,954 | +80.3% |
| Amounts payable | 17/49 | €454,597 | €386,002 | -€68,595 | -15.1% |
| Amounts payable after more than one year | 17 | €310,313 | €281,820 | -€28,494 | -9.2% |
| Financial debts | 170/4 | €310,313 | €281,820 | -€28,494 | -9.2% |
| Amounts payable within one year | 42/48 | €104,283 | €74,182 | -€30,101 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €39,779 | €30,834 | -€8,946 | -22.5% |
| Trade debts | 44 | €7,708 | €10,801 | +€3,093 | +40.1% |
| Suppliers | 440/4 | €7,708 | €10,801 | +€3,093 | +40.1% |
| Taxes, remuneration and social security | 45 | €610 | €3,169 | +€2,559 | +420% |
| Taxes | 450/3 | €610 | €3,169 | +€2,559 | +420% |
| Other amounts payable | 47/48 | €56,186 | €29,378 | -€26,807 | -47.7% |
| Accrued charges and deferred income | 492/3 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,257 | €32,757 | +€3,500 | +12.0% |
| Other operating charges | 640/8 | €3,349 | €3,578 | +€228 | +6.8% |
| Gross operating margin | 9900 | €45,299 | €59,800 | +€14,501 | +32.0% |
| Operating profit (loss) | 9901 | €12,693 | €23,466 | +€10,773 | +84.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,662 | €9,343 | -€1,319 | -12.4% |
| Recurring financial charges | 65 | €10,662 | €9,343 | -€1,319 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €2,031 | €14,123 | +€12,092 | +595% |
| Income taxes | 67/77 | €610 | €3,169 | +€2,559 | +420% |
| Profit (loss) for the period | 9904 | €1,421 | €10,954 | +€9,533 | +671% |
| Profit (loss) for the period to be appropriated | 9905 | €1,421 | €10,954 | +€9,533 | +671% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.