INTER KREA: 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 KREA
Largest movements
- Stocks and contracts +€116,732
up €116,732 (+75.0%), from €155,669 to €272,401
- Receivables within one year -€47,782
down €47,782 (-58.7%), from €81,389 to €33,607
of which Other amounts receivable: -€32,131
- Tangible fixed assets +€36,649
up €36,649 (+8.0%), from €460,385 to €497,034
of which Assets under construction and advance payments: +€69,380
- Cash -€22,875
down €22,875 (-18.7%), from €122,182 to €99,307
mainly Stocks and contracts (-€116,732) and Net result for the year (-€106,353)
- Trade debts +€180,326
up €180,326 (+145%), from €124,644 to €304,970
- Profit (loss) carried forward -€101,253
new in 2025: -€101,253
- Debts after one year -€66,244
down €66,244 (-9.4%), from €707,652 to €641,407
- Other debts +€45,092
up €45,092 (+43.4%), from €103,906 to €148,998
- Short-term financial debts +€25,500
new in 2025: €25,500
- Gross operating margin -€86,275
down €86,275 (-51.9%), from €166,255 to €79,980
- Depreciation -€12,183
down €12,183 (-23.2%), from €52,622 to €40,439
- Other operating charges +€9,018
up €9,018 (+86.7%), from €10,397 to €19,414
- Financial charges +€8,255
up €8,255 (+26.0%), from €31,710 to €39,965
- Staff costs +€7,353
up €7,353 (+8.5%), from €86,605 to €93,959
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 | €1,299,650 | €1,384,194 | +€84,543 | +6.5% |
| Fixed assets | 21/28 | €739,115 | €775,764 | +€36,649 | +5.0% |
| Tangible fixed assets | 22/27 | €460,385 | €497,034 | +€36,649 | +8.0% |
| Land and buildings | 22 | €414,184 | €389,534 | -€24,650 | -6.0% |
| Plant, machinery and equipment | 23 | €6,742 | €7,747 | +€1,005 | +14.9% |
| Furniture and vehicles | 24 | €3,112 | €1,603 | -€1,508 | -48.5% |
| Other tangible fixed assets | 26 | €36,347 | €28,769 | -€7,578 | -20.8% |
| Assets under construction and advance payments | 27 | - | €69,380 | +€69,380 | |
| Financial fixed assets | 28 | €278,730 | €278,730 | = | 0.0% |
| Current assets | 29/58 | €560,535 | €608,430 | +€47,894 | +8.5% |
| Amounts receivable after more than one year | 29 | €187,000 | €187,000 | = | 0.0% |
| Other amounts receivable | 291 | €187,000 | €187,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €155,669 | €272,401 | +€116,732 | +75.0% |
| Stocks | 30/36 | €155,669 | €272,401 | +€116,732 | +75.0% |
| Amounts receivable within one year | 40/41 | €81,389 | €33,607 | -€47,782 | -58.7% |
| Trade receivables | 40 | €15,651 | - | -€15,651 | |
| Other amounts receivable | 41 | €65,738 | €33,607 | -€32,131 | -48.9% |
| Cash at bank and in hand | 54/58 | €122,182 | €99,307 | -€22,875 | -18.7% |
| Deferred charges and accrued income | 490/1 | €14,295 | €16,114 | +€1,818 | +12.7% |
| Total equity and liabilities | 10/49 | €1,299,650 | €1,384,194 | +€84,543 | +6.5% |
| Equity | 10/15 | €204,071 | €97,718 | -€106,353 | -52.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €114,071 | €108,972 | -€5,099 | -4.5% |
| Non-distributable reserves | 130/1 | €108,396 | €108,396 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Other | 1319 | €99,396 | €99,396 | = | 0.0% |
| Tax-exempt reserves | 132 | €575 | €575 | = | 0.0% |
| Distributable reserves | 133 | €5,099 | - | -€5,099 | |
| Profit (loss) carried forward | 14 | - | -€101,253 | -€101,253 | |
| Amounts payable | 17/49 | €1,095,579 | €1,286,475 | +€190,896 | +17.4% |
| Amounts payable after more than one year | 17 | €707,652 | €641,407 | -€66,244 | -9.4% |
| Financial debts | 170/4 | €707,652 | €641,407 | -€66,244 | -9.4% |
| Amounts payable within one year | 42/48 | €384,694 | €639,965 | +€255,271 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €124,311 | €124,030 | -€281 | -0.2% |
| Financial debts | 43 | - | €25,500 | +€25,500 | |
| Credit institutions | 430/8 | - | €25,500 | +€25,500 | |
| Trade debts | 44 | €124,644 | €304,970 | +€180,326 | +145% |
| Suppliers | 440/4 | €124,644 | €304,970 | +€180,326 | +145% |
| Taxes, remuneration and social security | 45 | €31,833 | €36,467 | +€4,634 | +14.6% |
| Taxes | 450/3 | €19,117 | €20,180 | +€1,063 | +5.6% |
| Remuneration and social security | 454/9 | €12,716 | €16,287 | +€3,572 | +28.1% |
| Other amounts payable | 47/48 | €103,906 | €148,998 | +€45,092 | +43.4% |
| Accrued charges and deferred income | 492/3 | €3,234 | €5,104 | +€1,870 | +57.8% |
| Remuneration, social security and pensions | 62 | €86,605 | €93,959 | +€7,353 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,622 | €40,439 | -€12,183 | -23.2% |
| Other operating charges | 640/8 | €10,397 | €19,414 | +€9,018 | +86.7% |
| Non-recurring operating charges | 66A | €1,430 | €1,350 | -€80 | -5.6% |
| Gross operating margin | 9900 | €166,255 | €79,980 | -€86,275 | -51.9% |
| Operating profit (loss) | 9901 | €15,201 | -€75,183 | -€90,384 | |
| Financial income | 75/76B | €10,223 | €8,795 | -€1,428 | -14.0% |
| Recurring financial income | 75 | €10,223 | €8,795 | -€1,428 | -14.0% |
| Financial charges | 65/66B | €31,710 | €39,965 | +€8,255 | +26.0% |
| Recurring financial charges | 65 | €31,710 | €39,965 | +€8,255 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,286 | -€106,353 | -€100,067 | -1,592% |
| Income taxes | 67/77 | €280 | - | -€280 | |
| Profit (loss) for the period | 9904 | -€6,566 | -€106,353 | -€99,787 | -1,520% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,566 | -€106,353 | -€99,787 | -1,520% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.