Inter-Fast: 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-Fast
Largest movements
- Receivables within one year +€715,451
up €715,451 (+62.0%), from €1.2m to €1.9m
of which Trade receivables: +€887,726
- Stocks and contracts +€232,088
up €232,088 (+47.6%), from €487,911 to €719,999
- Cash -€88,628
down €88,628 (-16.1%), from €550,285 to €461,657
mainly Receivables within one year (-€715,451) and Stocks and contracts (-€232,088)
- Receivables after one year -€67,685
down €67,685 (-7.7%), from €884,145 to €816,460
- Reserves +€952,226
up €952,226 (+34.1%), from €2.8m to €3.7m
of which Distributable reserves: +€952,226
- Other debts -€165,000
down €165,000 (-100.0%), from €165,000 to €0
- Gross operating margin +€502,801
up €502,801 (+22.7%), from €2.2m to €2.7m
- Write-downs +€171,030
up €171,030, from -€171,030 to €0
- Taxes +€98,801
up €98,801 (+28.5%), from €346,991 to €445,792
- Staff costs +€47,955
up €47,955 (+4.1%), from €1.2m to €1.2m
- Depreciation +€36,515
up €36,515 (+27.8%), from €131,192 to €167,708
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 | €3,560,187 | €4,342,098 | +€781,910 | +22.0% |
| Fixed assets | 21/28 | €434,916 | €419,030 | -€15,885 | -3.7% |
| Intangible fixed assets | 21 | €11,806 | €21,781 | +€9,975 | +84.5% |
| Tangible fixed assets | 22/27 | €422,927 | €397,066 | -€25,860 | -6.1% |
| Plant, machinery and equipment | 23 | €204,143 | €180,982 | -€23,161 | -11.3% |
| Furniture and vehicles | 24 | €186,116 | €188,990 | +€2,874 | +1.5% |
| Other tangible fixed assets | 26 | €32,668 | €27,094 | -€5,574 | -17.1% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €3,125,272 | €3,923,067 | +€797,795 | +25.5% |
| Amounts receivable after more than one year | 29 | €884,145 | €816,460 | -€67,685 | -7.7% |
| Other amounts receivable | 291 | €884,145 | €816,460 | -€67,685 | -7.7% |
| Stocks and contracts in progress | 3 | €487,911 | €719,999 | +€232,088 | +47.6% |
| Stocks | 30/36 | €487,911 | €719,999 | +€232,088 | +47.6% |
| Amounts receivable within one year | 40/41 | €1,154,369 | €1,869,820 | +€715,451 | +62.0% |
| Trade receivables | 40 | €250,954 | €1,138,681 | +€887,726 | +353.7% |
| Other amounts receivable | 41 | €903,415 | €731,139 | -€172,275 | -19.1% |
| Cash at bank and in hand | 54/58 | €550,285 | €461,657 | -€88,628 | -16.1% |
| Deferred charges and accrued income | 490/1 | €48,561 | €55,131 | +€6,571 | +13.5% |
| Total equity and liabilities | 10/49 | €3,560,187 | €4,342,098 | +€781,910 | +22.0% |
| Equity | 10/15 | €2,904,443 | €3,856,669 | +€952,226 | +32.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,796,050 | €3,748,276 | +€952,226 | +34.1% |
| Tax-exempt reserves | 132 | €45,781 | €45,781 | = | 0.0% |
| Distributable reserves | 133 | €2,750,269 | €3,702,495 | +€952,226 | +34.6% |
| Profit (loss) carried forward | 14 | €88,394 | €88,394 | = | 0.0% |
| Amounts payable | 17/49 | €655,744 | €485,428 | -€170,316 | -26.0% |
| Amounts payable after more than one year | 17 | €15,991 | €0 | -€15,991 | -100.0% |
| Financial debts | 170/4 | €15,991 | €0 | -€15,991 | -100.0% |
| Amounts payable within one year | 42/48 | €639,753 | €485,428 | -€154,324 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €34,856 | €12,784 | -€22,073 | -63.3% |
| Trade debts | 44 | €268,363 | €289,933 | +€21,569 | +8.0% |
| Suppliers | 440/4 | €268,363 | €289,933 | +€21,569 | +8.0% |
| Taxes, remuneration and social security | 45 | €171,533 | €182,712 | +€11,179 | +6.5% |
| Taxes | 450/3 | €82,509 | €107,825 | +€25,315 | +30.7% |
| Remuneration and social security | 454/9 | €89,024 | €74,887 | -€14,137 | -15.9% |
| Other amounts payable | 47/48 | €165,000 | €0 | -€165,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €1,179,490 | €1,227,445 | +€47,955 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,192 | €167,708 | +€36,515 | +27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€171,030 | €0 | +€171,030 | |
| Other operating charges | 640/8 | €9,959 | €8,412 | -€1,547 | -15.5% |
| Gross operating margin | 9900 | €2,219,630 | €2,722,431 | +€502,801 | +22.7% |
| Operating profit (loss) | 9901 | €1,070,019 | €1,318,867 | +€248,848 | +23.3% |
| Financial income | 75/76B | €112,262 | €146,770 | +€34,508 | +30.7% |
| Recurring financial income | 75 | €112,262 | €146,770 | +€34,508 | +30.7% |
| Financial charges | 65/66B | €92,174 | €67,619 | -€24,555 | -26.6% |
| Recurring financial charges | 65 | €92,174 | €67,619 | -€24,555 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €1,090,107 | €1,398,018 | +€307,911 | +28.2% |
| Income taxes | 67/77 | €346,991 | €445,792 | +€98,801 | +28.5% |
| Profit (loss) for the period | 9904 | €743,116 | €952,226 | +€209,110 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €743,116 | €952,226 | +€209,110 | +28.1% |
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 6 October 2026 via checked.be.