INTER GSA: 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 GSA
Largest movements
- Cash -€16,749
down €16,749 (-92.9%), from €18,035 to €1,287
mainly Net result for the year (-€18,215) and Trade debts (-€2,112)
- Receivables within one year -€2,018
down €2,018 (-14.3%), from €14,113 to €12,095
- Deferred charges and accrued income +€1,224
up €1,224 (+178.8%), from €684 to €1,908
- Tangible fixed assets -€726
down €726 (-96.8%), from €750 to €24
- Profit (loss) carried forward -€18,215
down €18,215, from €15,620 to -€2,595
- Trade debts -€2,112
down €2,112 (-13.3%), from €15,914 to €13,802
- Tax, wage and social debts +€1,611
up €1,611 (+116.1%), from €1,388 to €2,999
- Gross operating margin +€3,313
up €3,313 (+16.0%), from -€20,657 to -€17,344
- Depreciation -€1,161
down €1,161 (-61.5%), from €1,887 to €726
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 | €41,022 | €22,752 | -€18,269 | -44.5% |
| Fixed assets | 21/28 | €8,189 | €7,462 | -€726 | -8.9% |
| Tangible fixed assets | 22/27 | €750 | €24 | -€726 | -96.8% |
| Furniture and vehicles | 24 | €750 | €24 | -€726 | -96.8% |
| Financial fixed assets | 28 | €7,438 | €7,438 | = | 0.0% |
| Current assets | 29/58 | €32,833 | €15,290 | -€17,543 | -53.4% |
| Amounts receivable within one year | 40/41 | €14,113 | €12,095 | -€2,018 | -14.3% |
| Trade receivables | 40 | €14,113 | €12,095 | -€2,018 | -14.3% |
| Cash at bank and in hand | 54/58 | €18,035 | €1,287 | -€16,749 | -92.9% |
| Deferred charges and accrued income | 490/1 | €684 | €1,908 | +€1,224 | +178.8% |
| Total equity and liabilities | 10/49 | €41,022 | €22,752 | -€18,269 | -44.5% |
| Equity | 10/15 | €23,680 | €5,465 | -€18,215 | -76.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,620 | -€2,595 | -€18,215 | |
| Amounts payable | 17/49 | €17,342 | €17,288 | -€54 | -0.3% |
| Amounts payable within one year | 42/48 | €17,342 | €17,058 | -€284 | -1.6% |
| Trade debts | 44 | €15,914 | €13,802 | -€2,112 | -13.3% |
| Suppliers | 440/4 | €15,914 | €13,802 | -€2,112 | -13.3% |
| Taxes, remuneration and social security | 45 | €1,388 | €2,999 | +€1,611 | +116.1% |
| Taxes | 450/3 | €1,388 | €2,999 | +€1,611 | +116.1% |
| Other amounts payable | 47/48 | €40 | €257 | +€217 | +541.4% |
| Accrued charges and deferred income | 492/3 | - | €230 | +€230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,887 | €726 | -€1,161 | -61.5% |
| Gross operating margin | 9900 | -€20,657 | -€17,344 | +€3,313 | +16.0% |
| Operating profit (loss) | 9901 | -€22,544 | -€18,070 | +€4,474 | +19.8% |
| Financial income | 75/76B | €18 | €33 | +€15 | +83.3% |
| Recurring financial income | 75 | €18 | €33 | +€15 | +83.3% |
| Financial charges | 65/66B | €196 | €178 | -€18 | -9.3% |
| Recurring financial charges | 65 | €196 | €178 | -€18 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,722 | -€18,215 | +€4,507 | +19.8% |
| Profit (loss) for the period | 9904 | -€22,722 | -€18,215 | +€4,507 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,722 | -€18,215 | +€4,507 | +19.8% |
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 10 October 2026 via checked.be.