INTER PARTES: 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 PARTES
Largest movements
- Cash -€36,987
down €36,987 (-20.7%), from €178,641 to €141,654
mainly Other debts (-€12,001) and Investment in fixed assets (net) (-€9,139)
- Financial fixed assets +€9,139
up €9,139 (+13.7%), from €66,524 to €75,663
- Receivables within one year +€6,184
new in 2025: €6,184
- Other debts -€12,001
down €12,001 (-10.1%), from €118,797 to €106,796
- Trade debts -€8,820
down €8,820 (-87.9%), from €10,038 to €1,218
- Gross operating margin -€22,135
down €22,135, from €13,152 to -€8,983
- Taxes -€9,332
down €9,332 (-94.5%), from €9,879 to €547
- Financial income +€6,863
up €6,863 (+161.6%), from €4,247 to €11,110
- Staff costs -€4,265
no longer reported in 2025 (was €4,265)
- Other operating charges -€1,336
down €1,336 (-66.2%), from €2,019 to €683
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 | €245,648 | €224,228 | -€21,420 | -8.7% |
| Fixed assets | 21/28 | €67,007 | €75,845 | +€8,838 | +13.2% |
| Tangible fixed assets | 22/27 | €483 | €182 | -€301 | -62.3% |
| Plant, machinery and equipment | 23 | €483 | €182 | -€301 | -62.3% |
| Financial fixed assets | 28 | €66,524 | €75,663 | +€9,139 | +13.7% |
| Current assets | 29/58 | €178,641 | €148,383 | -€30,258 | -16.9% |
| Amounts receivable within one year | 40/41 | - | €6,184 | +€6,184 | |
| Other amounts receivable | 41 | - | €6,184 | +€6,184 | |
| Cash at bank and in hand | 54/58 | €178,641 | €141,654 | -€36,987 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €545 | +€545 | |
| Total equity and liabilities | 10/49 | €245,648 | €224,228 | -€21,420 | -8.7% |
| Equity | 10/15 | €113,482 | €113,892 | +€411 | +0.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,582 | €101,992 | +€411 | +0.4% |
| Amounts payable | 17/49 | €132,166 | €110,335 | -€21,831 | -16.5% |
| Amounts payable within one year | 42/48 | €132,166 | €110,335 | -€21,831 | -16.5% |
| Trade debts | 44 | €10,038 | €1,218 | -€8,820 | -87.9% |
| Suppliers | 440/4 | €10,038 | €1,218 | -€8,820 | -87.9% |
| Taxes, remuneration and social security | 45 | €3,331 | €2,321 | -€1,010 | -30.3% |
| Taxes | 450/3 | €3,331 | €2,321 | -€1,010 | -30.3% |
| Other amounts payable | 47/48 | €118,797 | €106,796 | -€12,001 | -10.1% |
| Non-recurring operating income | 76A | €10,145 | - | -€10,145 | |
| Remuneration, social security and pensions | 62 | €4,265 | - | -€4,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €301 | -€30 | -9.1% |
| Other operating charges | 640/8 | €2,019 | €683 | -€1,336 | -66.2% |
| Gross operating margin | 9900 | €13,152 | -€8,983 | -€22,135 | |
| Operating profit (loss) | 9901 | €6,537 | -€9,967 | -€16,505 | |
| Financial income | 75/76B | €4,247 | €11,110 | +€6,863 | +161.6% |
| Recurring financial income | 75 | €4,247 | €11,110 | +€6,863 | +161.6% |
| Financial charges | 65/66B | €486 | €186 | -€300 | -61.7% |
| Recurring financial charges | 65 | €486 | €186 | -€300 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €10,299 | €957 | -€9,342 | -90.7% |
| Income taxes | 67/77 | €9,879 | €547 | -€9,332 | -94.5% |
| Profit (loss) for the period | 9904 | €420 | €411 | -€9 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €420 | €411 | -€9 | -2.2% |
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 29 September 2026 via checked.be.