INTER TRADE: 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 TRADE
Largest movements
- Financial fixed assets +€3.1m
up €3.1m (+216.8%), from €1.4m to €4.5m
- Tangible fixed assets -€208,995
down €208,995 (-5.8%), from €3.6m to €3.4m
of which Land and buildings: -€167,958
- Receivables within one year -€117,845
down €117,845 (-62.0%), from €190,009 to €72,164
of which Other amounts receivable: -€190,009
- Intangible fixed assets -€98,275
down €98,275 (-23.1%), from €424,833 to €326,558
- Short-term financial debts +€1.3m
up €1.3m, from €0 to €1.3m
- Other debts +€559,333
up €559,333 (+41.0%), from €1.4m to €1.9m
- Debts after one year +€417,503
up €417,503 (+25.1%), from €1.7m to €2.1m
of which Financial debts: +€417,503
- Profit (loss) carried forward +€272,098
up €272,098 (+89.6%), from €303,578 to €575,676
- Current portion of long-term debt +€128,989
up €128,989 (+69.6%), from €185,283 to €314,272
- Gross operating margin +€482,741
up €482,741 (+228.6%), from €211,183 to €693,924
- Turnover +€60,300
up €60,300 (+201.0%), from €30,000 to €90,300
- Taxes -€44,764
down €44,764 (-47.2%), from €94,764 to €50,000
- Financial charges -€39,981
down €39,981 (-37.8%), from €105,807 to €65,826
- Financial income +€29,199
up €29,199 (+270.3%), from €10,801 to €40,000
of which Non-recurring financial income: +€40,000
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 | €5,868,862 | €8,591,231 | +€2.7m | +46.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,472,784 | €8,264,978 | +€2.8m | +51.0% |
| Intangible fixed assets | 21 | €424,833 | €326,558 | -€98,275 | -23.1% |
| Tangible fixed assets | 22/27 | €3,618,531 | €3,409,536 | -€208,995 | -5.8% |
| Land and buildings | 22 | €3,577,494 | €3,409,536 | -€167,958 | -4.7% |
| Plant, machinery and equipment | 23 | €17,517 | - | -€17,517 | |
| Furniture and vehicles | 24 | €23,520 | - | -€23,520 | |
| Financial fixed assets | 28 | €1,429,420 | €4,528,884 | +€3.1m | +216.8% |
| Current assets | 29/58 | €396,078 | €326,253 | -€69,825 | -17.6% |
| Amounts receivable within one year | 40/41 | €190,009 | €72,164 | -€117,845 | -62.0% |
| Trade receivables | 40 | - | €72,164 | +€72,164 | |
| Other amounts receivable | 41 | €190,009 | - | -€190,009 | |
| Cash at bank and in hand | 54/58 | €206,070 | €254,089 | +€48,019 | +23.3% |
| Total equity and liabilities | 10/49 | €5,868,862 | €8,591,231 | +€2.7m | +46.4% |
| Equity | 10/15 | €2,270,686 | €2,533,228 | +€262,542 | +11.6% |
| Contributions | 10/11 | €1,157,592 | €1,157,592 | -€0 | 0.0% |
| Capital | 10 | €541,592 | €541,592 | -€0 | 0.0% |
| Issued capital | 100 | €541,592 | €541,592 | -€0 | 0.0% |
| Outside capital | 11 | €616,000 | €616,000 | = | 0.0% |
| Share premium | 1100/10 | €616,000 | €616,000 | = | 0.0% |
| Reserves | 13 | €809,517 | €799,960 | -€9,557 | -1.2% |
| Non-distributable reserves | 130/1 | €15,209 | €15,209 | -€0 | 0.0% |
| Legal reserve | 130 | €15,209 | €15,209 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €472,385 | €462,828 | -€9,557 | -2.0% |
| Distributable reserves | 133 | €321,923 | €321,923 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €303,578 | €575,676 | +€272,098 | +89.6% |
| Provisions and deferred taxes | 16 | €137,325 | €133,509 | -€3,816 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €47,250 | €47,250 | = | 0.0% |
| Major repairs and maintenance | 162 | €47,250 | €47,250 | = | 0.0% |
| Deferred taxes | 168 | €90,075 | €86,259 | -€3,816 | -4.2% |
| Amounts payable | 17/49 | €3,460,851 | €5,924,494 | +€2.5m | +71.2% |
| Amounts payable after more than one year | 17 | €1,665,892 | €2,083,395 | +€417,503 | +25.1% |
| Financial debts | 170/4 | €663,982 | €1,081,485 | +€417,503 | +62.9% |
| Trade debts | 175 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,910 | €1,910 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,643,224 | €3,804,913 | +€2.2m | +131.6% |
| Current portion of amounts payable after more than one year | 42 | €185,283 | €314,272 | +€128,989 | +69.6% |
| Financial debts | 43 | €0 | €1,300,000 | +€1.3m | |
| Credit institutions | 430/8 | €0 | €1,300,000 | +€1.3m | |
| Trade debts | 44 | €80,857 | €103,085 | +€22,228 | +27.5% |
| Suppliers | 440/4 | €80,857 | €103,085 | +€22,228 | +27.5% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €11,192 | €137,331 | +€126,139 | +1127.0% |
| Taxes | 450/3 | €11,192 | €137,331 | +€126,139 | +1127.0% |
| Other amounts payable | 47/48 | €1,365,892 | €1,925,225 | +€559,333 | +41.0% |
| Accrued charges and deferred income | 492/3 | €151,736 | €36,186 | -€115,550 | -76.2% |
| Turnover | 70 | €30,000 | €90,300 | +€60,300 | +201.0% |
| Non-recurring operating income | 76A | €365,574 | €784,991 | +€419,417 | +114.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €184,391 | €181,367 | -€3,024 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,405 | €283,749 | -€11,656 | -3.9% |
| Other operating charges | 640/8 | €55,745 | €52,407 | -€3,338 | -6.0% |
| Non-recurring operating charges | 66A | - | €23,520 | +€23,520 | |
| Gross operating margin | 9900 | €211,183 | €693,924 | +€482,741 | +228.6% |
| Operating profit (loss) | 9901 | -€139,967 | €334,248 | +€474,215 | |
| Financial income | 75/76B | €10,801 | €40,000 | +€29,199 | +270.3% |
| Recurring financial income | 75 | €10,801 | €40,000 | +€29,199 | +270.3% |
| Non-recurring financial income | 76B | - | €40,000 | +€40,000 | |
| Financial charges | 65/66B | €105,807 | €65,826 | -€39,981 | -37.8% |
| Recurring financial charges | 65 | €105,807 | €65,826 | -€39,981 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€234,973 | €308,422 | +€543,395 | |
| Transfer from deferred taxes | 780 | €3,816 | €3,817 | +€1 | 0.0% |
| Income taxes | 67/77 | €94,764 | €50,000 | -€44,764 | -47.2% |
| Profit (loss) for the period | 9904 | -€325,921 | €262,239 | +€588,160 | |
| Transfer from tax-exempt reserves | 789 | €9,482 | €9,481 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,439 | €271,720 | +€588,159 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.