INTERBEACH GROUP: 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.
INTERBEACH GROUP
Largest movements
- Cash +€2.4m
up €2.4m (+320%), from €752,906 to €3.2m
mainly Current investments (+€1.8m) and Other debts (+€1.4m)
- Current investments -€1.8m
down €1.8m (-57.7%), from €3.1m to €1.3m
- Stocks and contracts +€991,387
up €991,387 (+18.0%), from €5.5m to €6.5m
- Tangible fixed assets +€950,205
up €950,205 (+21.2%), from €4.5m to €5.4m
of which Land and buildings: +€926,641
- Receivables within one year +€476,905
up €476,905 (+78.8%), from €604,932 to €1.1m
of which Trade receivables: +€358,007
- Other debts +€1.4m
up €1.4m (+1,018%), from €142,165 to €1.6m
- Debts after one year +€792,887
up €792,887 (+1,193%), from €66,458 to €859,345
- Reserves +€607,418
up €607,418 (+27.7%), from €2.2m to €2.8m
of which Distributable reserves: +€577,047
- Financial income +€674,163
up €674,163 (+292%), from €230,680 to €904,843
- Gross operating margin +€296,958
up €296,958 (+798%), from €37,231 to €334,189
- Depreciation +€196,454
up €196,454 (+164%), from €120,060 to €316,514
- Taxes +€164,141
up €164,141 (+33,766%), from €486 to €164,627
- Financial charges +€72,785
up €72,785, from -€51,004 to €21,781
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 | €20,271,308 | €23,067,967 | +€2.8m | +13.8% |
| Fixed assets | 21/28 | €9,550,807 | €10,263,873 | +€713,066 | +7.5% |
| Tangible fixed assets | 22/27 | €4,487,773 | €5,437,978 | +€950,205 | +21.2% |
| Land and buildings | 22 | €4,402,271 | €5,328,912 | +€926,641 | +21.0% |
| Plant, machinery and equipment | 23 | €55,552 | €75,020 | +€19,468 | +35.0% |
| Furniture and vehicles | 24 | €1,560 | €264 | -€1,296 | -83.1% |
| Other tangible fixed assets | 26 | €28,390 | €33,782 | +€5,392 | +19.0% |
| Financial fixed assets | 28 | €5,063,034 | €4,825,895 | -€237,139 | -4.7% |
| Current assets | 29/58 | €10,720,501 | €12,804,094 | +€2.1m | +19.4% |
| Amounts receivable after more than one year | 29 | €717,500 | €717,500 | = | 0.0% |
| Other amounts receivable | 291 | €717,500 | €717,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,493,253 | €6,484,640 | +€991,387 | +18.0% |
| Stocks | 30/36 | €5,493,253 | €6,484,640 | +€991,387 | +18.0% |
| Amounts receivable within one year | 40/41 | €604,932 | €1,081,837 | +€476,905 | +78.8% |
| Trade receivables | 40 | €39,699 | €397,706 | +€358,007 | +902% |
| Other amounts receivable | 41 | €565,232 | €684,130 | +€118,898 | +21.0% |
| Current investments | 50/53 | €3,113,547 | €1,316,249 | -€1.8m | -57.7% |
| Cash at bank and in hand | 54/58 | €752,906 | €3,161,720 | +€2.4m | +320% |
| Deferred charges and accrued income | 490/1 | €38,363 | €42,149 | +€3,785 | +9.9% |
| Total equity and liabilities | 10/49 | €20,271,308 | €23,067,967 | +€2.8m | +13.8% |
| Equity | 10/15 | €19,761,666 | €20,369,084 | +€607,418 | +3.1% |
| Contributions | 10/11 | €17,568,570 | €17,568,570 | = | 0.0% |
| Capital | 10 | €17,568,570 | €17,568,570 | = | 0.0% |
| Issued capital | 100 | €17,568,570 | €17,568,570 | = | 0.0% |
| Reserves | 13 | €2,193,096 | €2,800,514 | +€607,418 | +27.7% |
| Non-distributable reserves | 130/1 | €234,049 | €264,420 | +€30,371 | +13.0% |
| Legal reserve | 130 | €234,049 | €264,420 | +€30,371 | +13.0% |
| Distributable reserves | 133 | €1,959,047 | €2,536,094 | +€577,047 | +29.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €509,642 | €2,698,883 | +€2.2m | +430% |
| Amounts payable after more than one year | 17 | €66,458 | €859,345 | +€792,887 | +1,193% |
| Financial debts | 170/4 | €66,458 | €859,345 | +€792,887 | +1,193% |
| Amounts payable within one year | 42/48 | €439,943 | €1,834,632 | +€1.4m | +317% |
| Current portion of amounts payable after more than one year | 42 | €253,933 | €209,916 | -€44,017 | -17.3% |
| Trade debts | 44 | €24,091 | €11,699 | -€12,393 | -51.4% |
| Suppliers | 440/4 | €24,091 | €11,699 | -€12,393 | -51.4% |
| Taxes, remuneration and social security | 45 | €19,753 | €23,843 | +€4,089 | +20.7% |
| Taxes | 450/3 | €12,375 | €16,201 | +€3,826 | +30.9% |
| Remuneration and social security | 454/9 | €7,379 | €7,642 | +€263 | +3.6% |
| Other amounts payable | 47/48 | €142,165 | €1,589,175 | +€1.4m | +1,018% |
| Accrued charges and deferred income | 492/3 | €3,241 | €4,906 | +€1,666 | +51.4% |
| Non-recurring operating income | 76A | €220,462 | €156,094 | -€64,368 | -29.2% |
| Remuneration, social security and pensions | 62 | €94,475 | €62,853 | -€31,623 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,060 | €316,514 | +€196,454 | +164% |
| Other operating charges | 640/8 | €92,750 | €65,840 | -€26,911 | -29.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €37,231 | €334,189 | +€296,958 | +798% |
| Operating profit (loss) | 9901 | -€270,054 | -€111,017 | +€159,037 | +58.9% |
| Financial income | 75/76B | €230,680 | €904,843 | +€674,163 | +292% |
| Recurring financial income | 75 | €230,680 | €904,843 | +€674,163 | +292% |
| Financial charges | 65/66B | -€51,004 | €21,781 | +€72,785 | |
| Recurring financial charges | 65 | -€51,004 | €21,781 | +€72,785 | |
| Profit (loss) for the period before taxes | 9903 | €11,630 | €772,045 | +€760,415 | +6,538% |
| Income taxes | 67/77 | €486 | €164,627 | +€164,141 | +33,766% |
| Profit (loss) for the period | 9904 | €11,144 | €607,418 | +€596,274 | +5,351% |
| Profit (loss) for the period to be appropriated | 9905 | €11,144 | €607,418 | +€596,274 | +5,351% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.