INTERBOARD: 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.
INTERBOARD
Largest movements
- Receivables within one year +€153,899
up €153,899 (+1465.4%), from €10,502 to €164,401
of which Trade receivables: +€164,401
- Cash -€85,095
down €85,095 (-93.0%), from €91,519 to €6,424
mainly Receivables within one year (-€153,899) and Debts after one year (-€87,807)
- Tangible fixed assets -€71,827
down €71,827 (-9.7%), from €742,077 to €670,251
of which Plant, machinery and equipment: -€65,465
- Other debts +€100,050
up €100,050 (+42.6%), from €235,000 to €335,050
- Debts after one year -€87,807
down €87,807 (-17.1%), from €514,025 to €426,218
- Trade debts -€74,352
down €74,352 (-51.8%), from €143,661 to €69,310
- Tax, wage and social debts +€35,593
new in 2025: €35,593
of which Taxes: +€32,849
- Short-term financial debts +€13,100
new in 2025: €13,100
- Gross operating margin +€302,432
up €302,432, from -€126,180 to €176,252
- Staff costs +€71,013
new in 2025: €71,013
- Depreciation +€32,027
up €32,027 (+80.5%), from €39,800 to €71,827
- Other operating charges -€10,894
down €10,894 (-92.7%), from €11,756 to €862
- Financial charges +€5,967
up €5,967 (+29.3%), from €20,341 to €26,308
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 | €844,098 | €841,076 | -€3,022 | -0.4% |
| Fixed assets | 21/28 | €742,077 | €670,251 | -€71,827 | -9.7% |
| Tangible fixed assets | 22/27 | €742,077 | €670,251 | -€71,827 | -9.7% |
| Land and buildings | 22 | €120,331 | €113,970 | -€6,361 | -5.3% |
| Plant, machinery and equipment | 23 | €621,746 | €556,281 | -€65,465 | -10.5% |
| Current assets | 29/58 | €102,021 | €170,825 | +€68,805 | +67.4% |
| Amounts receivable within one year | 40/41 | €10,502 | €164,401 | +€153,899 | +1465.4% |
| Trade receivables | 40 | - | €164,401 | +€164,401 | |
| Other amounts receivable | 41 | €10,502 | - | -€10,502 | |
| Cash at bank and in hand | 54/58 | €91,519 | €6,424 | -€85,095 | -93.0% |
| Total equity and liabilities | 10/49 | €844,098 | €841,076 | -€3,022 | -0.4% |
| Equity | 10/15 | -€132,244 | -€126,002 | +€6,242 | +4.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,244 | -€191,002 | +€6,242 | +3.2% |
| Amounts payable | 17/49 | €976,342 | €967,078 | -€9,264 | -0.9% |
| Amounts payable after more than one year | 17 | €514,025 | €426,218 | -€87,807 | -17.1% |
| Financial debts | 170/4 | €514,025 | €426,218 | -€87,807 | -17.1% |
| Amounts payable within one year | 42/48 | €462,317 | €540,860 | +€78,543 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €83,656 | €87,807 | +€4,152 | +5.0% |
| Financial debts | 43 | - | €13,100 | +€13,100 | |
| Credit institutions | 430/8 | - | €13,100 | +€13,100 | |
| Trade debts | 44 | €143,661 | €69,310 | -€74,352 | -51.8% |
| Suppliers | 440/4 | €143,661 | €69,310 | -€74,352 | -51.8% |
| Taxes, remuneration and social security | 45 | - | €35,593 | +€35,593 | |
| Taxes | 450/3 | - | €32,849 | +€32,849 | |
| Remuneration and social security | 454/9 | - | €2,744 | +€2,744 | |
| Other amounts payable | 47/48 | €235,000 | €335,050 | +€100,050 | +42.6% |
| Remuneration, social security and pensions | 62 | - | €71,013 | +€71,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,800 | €71,827 | +€32,027 | +80.5% |
| Other operating charges | 640/8 | €11,756 | €862 | -€10,894 | -92.7% |
| Gross operating margin | 9900 | -€126,180 | €176,252 | +€302,432 | |
| Operating profit (loss) | 9901 | -€177,736 | €32,550 | +€210,286 | |
| Financial income | 75/76B | €833 | - | -€833 | |
| Recurring financial income | 75 | €833 | - | -€833 | |
| Financial charges | 65/66B | €20,341 | €26,308 | +€5,967 | +29.3% |
| Recurring financial charges | 65 | €20,341 | €26,308 | +€5,967 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€197,244 | €6,242 | +€203,486 | |
| Profit (loss) for the period | 9904 | -€197,244 | €6,242 | +€203,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€197,244 | €6,242 | +€203,486 |
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 11 October 2026 via checked.be.