INTER-PANEL AGENCY: 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-PANEL AGENCY
Largest movements
- Receivables within one year +€49,360
up €49,360 (+36.5%), from €135,319 to €184,679
of which Other amounts receivable: +€42,314
- Deferred charges and accrued income -€7,021
no longer reported in 2025 (was €7,021)
- Tangible fixed assets -€4,751
down €4,751 (-9.7%), from €48,888 to €44,137
of which Furniture and vehicles: -€4,751
- Other debts +€73,096
new in 2025: €73,096
- Profit (loss) carried forward -€36,695
down €36,695 (-2.6%), from -€1.4m to -€1.5m
- Tax, wage and social debts -€12,956
down €12,956 (-89.8%), from €14,422 to €1,466
- Short-term financial debts +€12,725
new in 2025: €12,725
- Trade debts +€2,658
up €2,658 (+179%), from €1,481 to €4,139
- Gross operating margin -€22,623
down €22,623 (-539%), from -€4,201 to -€26,824
- Financial income -€7,021
no longer reported in 2025 (was €7,021)
- Financial charges +€554
up €554 (+73.0%), from €759 to €1,313
- Other operating charges +€354
up €354 (+11.8%), from €2,990 to €3,344
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 | €192,036 | €228,816 | +€36,780 | +19.2% |
| Fixed assets | 21/28 | €48,888 | €44,137 | -€4,751 | -9.7% |
| Tangible fixed assets | 22/27 | €48,888 | €44,137 | -€4,751 | -9.7% |
| Land and buildings | 22 | €42,142 | €42,142 | = | 0.0% |
| Furniture and vehicles | 24 | €6,196 | €1,445 | -€4,751 | -76.7% |
| Other tangible fixed assets | 26 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €143,148 | €184,679 | +€41,531 | +29.0% |
| Amounts receivable within one year | 40/41 | €135,319 | €184,679 | +€49,360 | +36.5% |
| Trade receivables | 40 | €27,633 | €34,679 | +€7,046 | +25.5% |
| Other amounts receivable | 41 | €107,686 | €150,000 | +€42,314 | +39.3% |
| Cash at bank and in hand | 54/58 | €808 | - | -€808 | |
| Deferred charges and accrued income | 490/1 | €7,021 | - | -€7,021 | |
| Total equity and liabilities | 10/49 | €192,036 | €228,816 | +€36,780 | +19.2% |
| Equity | 10/15 | €174,085 | €137,390 | -€36,695 | -21.1% |
| Contributions | 10/11 | €327,270 | €327,270 | = | 0.0% |
| Reserves | 13 | €1,271,723 | €1,271,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,727 | €32,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,727 | €32,727 | = | 0.0% |
| Distributable reserves | 133 | €1,238,996 | €1,238,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,424,908 | -€1,461,603 | -€36,695 | -2.6% |
| Amounts payable | 17/49 | €17,951 | €91,426 | +€73,475 | +409% |
| Amounts payable within one year | 42/48 | €17,951 | €91,426 | +€73,475 | +409% |
| Current portion of amounts payable after more than one year | 42 | €2,048 | - | -€2,048 | |
| Financial debts | 43 | - | €12,725 | +€12,725 | |
| Credit institutions | 430/8 | - | €12,725 | +€12,725 | |
| Trade debts | 44 | €1,481 | €4,139 | +€2,658 | +179% |
| Suppliers | 440/4 | €1,481 | €4,139 | +€2,658 | +179% |
| Taxes, remuneration and social security | 45 | €14,422 | €1,466 | -€12,956 | -89.8% |
| Taxes | 450/3 | €14,422 | €1,466 | -€12,956 | -89.8% |
| Other amounts payable | 47/48 | - | €73,096 | +€73,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,752 | €4,751 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,990 | €3,344 | +€354 | +11.8% |
| Gross operating margin | 9900 | -€4,201 | -€26,824 | -€22,623 | -539% |
| Operating profit (loss) | 9901 | -€11,943 | -€34,919 | -€22,976 | -192% |
| Financial income | 75/76B | €7,021 | - | -€7,021 | |
| Recurring financial income | 75 | €7,021 | - | -€7,021 | |
| Financial charges | 65/66B | €759 | €1,313 | +€554 | +73.0% |
| Recurring financial charges | 65 | €759 | €1,313 | +€554 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,681 | -€36,232 | -€30,551 | -538% |
| Income taxes | 67/77 | €245 | €463 | +€218 | +89.0% |
| Profit (loss) for the period | 9904 | -€5,926 | -€36,695 | -€30,769 | -519% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,926 | -€36,695 | -€30,769 | -519% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.