INTERALU: 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.
What changed
INTERALU
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.2m
2024 · €8.4m-€211,679
Equity
€34.0m
2024 · €25.8m+€8.2m
Cash
€441,228
2024 · €705,032-€263,805
Balance sheet total
€49.7m
2024 · €44.5m+€5.2m
Largest movements
Assets
- Receivables within one year +€3.1m
up €3.1m (+9.4%), from €32.8m to €35.9m
of which Other amounts receivable: +€3.5m
- Stocks and contracts +€2.5m
up €2.5m (+34.6%), from €7.2m to €9.7m
of which Contracts in progress: +€1.5m
Equity and liabilities
- Reserves +€8.2m
up €8.2m (+32.3%), from €25.5m to €33.7m
of which Distributable reserves: +€8.2m
- Advances received -€3.6m
down €3.6m (-25.0%), from €14.6m to €10.9m
- Trade debts +€729,608
up €729,608 (+30.7%), from €2.4m to €3.1m
Income statement
- Turnover -€6.3m
down €6.3m (-15.2%), from €41.7m to €35.4m
- Goods and materials -€2.7m
down €2.7m (-11.1%), from €24.3m to €21.6m
of which Change in stocks: decrease (increase): -€1.6m
- Taxes -€642,881
down €642,881 (-37.1%), from €1.7m to €1.1m
of which Taxes: -€492,308
- Write-downs +€625,379
up €625,379 (+906.4%), from €68,997 to €694,376
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.
Result 2024
€8.4m
Turnover
-€6.3m
Other operating income
+€403,022
Goods and materials
+€2.7m
Services and other goods
+€200,506
Staff costs
-€167,696
Depreciation
+€28,842
Write-downs
-€625,379
Other operating charges
-€148,655
Other operating items
+€2.8m
Financial income
+€80,332
Financial charges
+€210,324
Taxes
+€642,881
Result 2025
€8.2m
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.
From operations
+€32,128
Investment
-€295,932
Financing
€0
Cash 2024
€705,032
From operations (derived)
+€32,128
Net result for the year
+€8.2m
Depreciation
+€586,218
Smaller working-capital items
-€6,912
Stocks and contracts
-€2.5m
Receivables within one year
-€3.1m
Deferred charges and accrued income
-€118,329
Trade debts
+€729,608
Tax, wage and social debts
+€69,379
Advances received
-€3.6m
Accrued charges and deferred income
-€220,405
Investment (derived)
-€295,932
Investment in fixed assets (net)
-€295,932
Cash 2025
€441,228
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,517,573 | €49,671,789 | +€5.2m | +11.6% |
| Fixed assets | 21/28 | €2,068,721 | €1,778,435 | -€290,286 | -14.0% |
| Intangible fixed assets | 21 | €10,925 | €0 | -€10,925 | -100.0% |
| Tangible fixed assets | 22/27 | €1,704,623 | €1,425,262 | -€279,361 | -16.4% |
| Land and buildings | 22 | €691,262 | €629,939 | -€61,323 | -8.9% |
| Plant, machinery and equipment | 23 | €836,889 | €675,647 | -€161,242 | -19.3% |
| Furniture and vehicles | 24 | €176,472 | €119,676 | -€56,795 | -32.2% |
| Financial fixed assets | 28 | €353,173 | €353,173 | +€0 | 0.0% |
| Affiliated companies | 280/1 | €148,817 | €148,817 | = | 0.0% |
| Participating interests | 280 | €148,817 | €148,817 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Participating interests | 282 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €204,356 | €204,356 | +€0 | 0.0% |
| Shares | 284 | €1,875 | €0 | -€1,875 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €202,481 | €204,356 | +€1,875 | +0.9% |
| Current assets | 29/58 | €42,448,852 | €47,893,353 | +€5.4m | +12.8% |
| Amounts receivable after more than one year | 29 | €1,644,746 | €1,650,902 | +€6,156 | +0.4% |
| Other amounts receivable | 291 | €1,644,746 | €1,650,902 | +€6,156 | +0.4% |
| Stocks and contracts in progress | 3 | €7,228,834 | €9,727,363 | +€2.5m | +34.6% |
| Stocks | 30/36 | €6,127,755 | €7,119,834 | +€992,079 | +16.2% |
| Raw materials and consumables | 30/31 | €4,504,178 | €3,384,107 | -€1.1m | -24.9% |
| Work in progress | 32 | - | €1,901,301 | +€1.9m | |
| Finished goods | 33 | - | €973,519 | +€973,519 | |
| Goods purchased for resale | 34 | €1,623,578 | €860,907 | -€762,670 | -47.0% |
| Contracts in progress | 37 | €1,101,079 | €2,607,529 | +€1.5m | +136.8% |
| Amounts receivable within one year | 40/41 | €32,834,402 | €35,919,693 | +€3.1m | +9.4% |
| Trade receivables | 40 | €15,563,265 | €15,108,848 | -€454,417 | -2.9% |
| Other amounts receivable | 41 | €17,271,136 | €20,810,845 | +€3.5m | +20.5% |
| Cash at bank and in hand | 54/58 | €705,032 | €441,228 | -€263,805 | -37.4% |
| Deferred charges and accrued income | 490/1 | €35,838 | €154,167 | +€118,329 | +330.2% |
| Total equity and liabilities | 10/49 | €44,517,573 | €49,671,789 | +€5.2m | +11.6% |
| Equity | 10/15 | €25,779,231 | €34,000,642 | +€8.2m | +31.9% |
| Contributions | 10/11 | €319,508 | €319,508 | = | 0.0% |
| Capital | 10 | €319,508 | €319,508 | = | 0.0% |
| Issued capital | 100 | €319,508 | €319,508 | = | 0.0% |
| Reserves | 13 | €25,459,723 | €33,681,134 | +€8.2m | +32.3% |
| Non-distributable reserves | 130/1 | €31,951 | €31,951 | = | 0.0% |
| Legal reserve | 130 | €31,951 | €31,951 | = | 0.0% |
| Tax-exempt reserves | 132 | €718 | €718 | = | 0.0% |
| Distributable reserves | 133 | €25,427,055 | €33,648,465 | +€8.2m | +32.3% |
| Amounts payable | 17/49 | €18,738,342 | €15,671,147 | -€3.1m | -16.4% |
| Amounts payable within one year | 42/48 | €18,505,579 | €15,658,790 | -€2.8m | -15.4% |
| Trade debts | 44 | €2,377,369 | €3,106,977 | +€729,608 | +30.7% |
| Suppliers | 440/4 | €2,377,369 | €3,106,977 | +€729,608 | +30.7% |
| Advances received on contracts in progress | 46 | €14,590,478 | €10,945,456 | -€3.6m | -25.0% |
| Taxes, remuneration and social security | 45 | €1,536,977 | €1,606,356 | +€69,379 | +4.5% |
| Taxes | 450/3 | €1,233,354 | €1,324,009 | +€90,655 | +7.4% |
| Remuneration and social security | 454/9 | €303,623 | €282,347 | -€21,276 | -7.0% |
| Other amounts payable | 47/48 | €756 | €0 | -€756 | -100.0% |
| Accrued charges and deferred income | 492/3 | €232,762 | €12,357 | -€220,405 | -94.7% |
| Operating income | 70/76A | €45,347,490 | €42,236,495 | -€3.1m | -6.9% |
| Turnover | 70 | €41,711,538 | €35,377,845 | -€6.3m | -15.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,331,796 | €5,151,472 | +€2.8m | +120.9% |
| Other operating income | 74 | €1,304,156 | €1,707,179 | +€403,022 | +30.9% |
| Operating charges | 60/66A | €35,495,379 | €33,529,599 | -€2.0m | -5.5% |
| Goods for resale, raw materials and consumables | 60 | €24,322,620 | €21,626,341 | -€2.7m | -11.1% |
| Purchases | 600/8 | €23,667,260 | €22,618,419 | -€1.0m | -4.4% |
| Change in stocks: decrease (increase) | 609 | €655,359 | -€992,078 | -€1.6m | |
| Services and other goods | 61 | €6,864,735 | €6,664,229 | -€200,506 | -2.9% |
| Remuneration, social security and pensions | 62 | €3,512,968 | €3,680,665 | +€167,696 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615,059 | €586,218 | -€28,842 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,997 | €694,376 | +€625,379 | +906.4% |
| Other operating charges | 640/8 | €110,999 | €259,654 | +€148,655 | +133.9% |
| Non-recurring operating charges | 66A | - | €18,115 | +€18,115 | |
| Operating profit (loss) | 9901 | €9,852,112 | €8,706,897 | -€1.1m | -11.6% |
| Financial income | 75/76B | €639,839 | €720,172 | +€80,332 | +12.6% |
| Recurring financial income | 75 | €639,839 | €720,172 | +€80,332 | +12.6% |
| Income from current assets | 751 | €614,556 | €717,702 | +€103,145 | +16.8% |
| Other financial income | 752/9 | €25,283 | €2,470 | -€22,813 | -90.2% |
| Financial charges | 65/66B | €325,326 | €115,003 | -€210,324 | -64.6% |
| Recurring financial charges | 65 | €75,325 | €108,803 | +€33,477 | +44.4% |
| Debt charges | 650 | €3,685 | €16,472 | +€12,787 | +347.0% |
| Other financial charges | 652/9 | €71,640 | €92,331 | +€20,690 | +28.9% |
| Non-recurring financial charges | 66B | €250,001 | €6,200 | -€243,801 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €10,166,625 | €9,312,066 | -€854,559 | -8.4% |
| Income taxes | 67/77 | €1,733,536 | €1,090,655 | -€642,881 | -37.1% |
| Taxes | 670/3 | €1,733,536 | €1,241,228 | -€492,308 | -28.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €150,572 | +€150,572 | |
| Profit (loss) for the period | 9904 | €8,433,089 | €8,221,410 | -€211,679 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,433,089 | €8,221,410 | -€211,679 | -2.5% |
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 8 October 2026 via checked.be.