INTERBORING: 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.
INTERBORING
Largest movements
- Receivables within one year -€322,014
down €322,014 (-71.0%), from €453,401 to €131,387
of which Trade receivables: -€305,714
- Tangible fixed assets -€127,649
down €127,649 (-27.8%), from €458,447 to €330,798
of which Plant, machinery and equipment: -€68,262
- Deferred charges and accrued income -€46,268
down €46,268 (-77.5%), from €59,672 to €13,403
- Stocks and contracts +€22,521
up €22,521 (+10.2%), from €219,984 to €242,505
of which Stocks: +€22,521
- Cash -€18,657
down €18,657 (-17.8%), from €104,563 to €85,906
mainly Trade debts (-€147,079) and Net result for the year (-€126,680)
- Trade debts -€147,079
down €147,079 (-49.1%), from €299,415 to €152,336
- Profit (loss) carried forward -€126,680
down €126,680 (-26.4%), from -€480,432 to -€607,112
- Debts after one year -€110,713
down €110,713 (-24.8%), from €445,733 to €335,020
- Current portion of long-term debt -€49,508
down €49,508 (-23.8%), from €207,974 to €158,466
- Short-term financial debts -€45,070
down €45,070 (-14.0%), from €321,682 to €276,613
- Staff costs -€403,582
down €403,582 (-30.4%), from €1.3m to €923,984
- Gross operating margin -€43,886
down €43,886 (-4.1%), from €1.1m to €1.0m
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 | €1,335,497 | €839,247 | -€496,250 | -37.2% |
| Fixed assets | 21/28 | €467,128 | €335,296 | -€131,832 | -28.2% |
| Intangible fixed assets | 21 | €7,757 | €3,575 | -€4,183 | -53.9% |
| Tangible fixed assets | 22/27 | €458,447 | €330,798 | -€127,649 | -27.8% |
| Land and buildings | 22 | €6,350 | €4,212 | -€2,137 | -33.7% |
| Plant, machinery and equipment | 23 | €253,166 | €184,903 | -€68,262 | -27.0% |
| Furniture and vehicles | 24 | €28,987 | €25,828 | -€3,159 | -10.9% |
| Leasing and similar rights | 25 | €169,945 | €115,854 | -€54,091 | -31.8% |
| Financial fixed assets | 28 | €923 | €923 | = | 0.0% |
| Current assets | 29/58 | €868,369 | €503,951 | -€364,418 | -42.0% |
| Stocks and contracts in progress | 3 | €219,984 | €242,505 | +€22,521 | +10.2% |
| Stocks | 30/36 | €219,984 | €242,505 | +€22,521 | +10.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €453,401 | €131,387 | -€322,014 | -71.0% |
| Trade receivables | 40 | €428,332 | €122,618 | -€305,714 | -71.4% |
| Other amounts receivable | 41 | €25,068 | €8,768 | -€16,300 | -65.0% |
| Current investments | 50/53 | €30,750 | €30,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,563 | €85,906 | -€18,657 | -17.8% |
| Deferred charges and accrued income | 490/1 | €59,672 | €13,403 | -€46,268 | -77.5% |
| Total equity and liabilities | 10/49 | €1,335,497 | €839,247 | -€496,250 | -37.2% |
| Equity | 10/15 | -€6,687 | -€133,368 | -€126,680 | -1894.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €455,195 | €455,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,750 | €30,750 | = | 0.0% |
| Own shares acquired | 1312 | €30,750 | €30,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,729 | €5,729 | = | 0.0% |
| Distributable reserves | 133 | €418,716 | €418,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€480,432 | -€607,112 | -€126,680 | -26.4% |
| Amounts payable | 17/49 | €1,342,184 | €972,615 | -€369,570 | -27.5% |
| Amounts payable after more than one year | 17 | €445,733 | €335,020 | -€110,713 | -24.8% |
| Financial debts | 170/4 | €445,733 | €335,020 | -€110,713 | -24.8% |
| Amounts payable within one year | 42/48 | €894,568 | €637,595 | -€256,973 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €207,974 | €158,466 | -€49,508 | -23.8% |
| Financial debts | 43 | €321,682 | €276,613 | -€45,070 | -14.0% |
| Credit institutions | 430/8 | €321,682 | €276,613 | -€45,070 | -14.0% |
| Trade debts | 44 | €299,415 | €152,336 | -€147,079 | -49.1% |
| Suppliers | 440/4 | €299,415 | €152,336 | -€147,079 | -49.1% |
| Taxes, remuneration and social security | 45 | €63,988 | €47,213 | -€16,775 | -26.2% |
| Taxes | 450/3 | €2,616 | €1,437 | -€1,179 | -45.1% |
| Remuneration and social security | 454/9 | €61,372 | €45,776 | -€15,596 | -25.4% |
| Other amounts payable | 47/48 | €1,509 | €2,968 | +€1,459 | +96.7% |
| Accrued charges and deferred income | 492/3 | €1,884 | €0 | -€1,884 | -100.0% |
| Non-recurring operating income | 76A | €42,992 | €34,838 | -€8,154 | -19.0% |
| Remuneration, social security and pensions | 62 | €1,327,565 | €923,984 | -€403,582 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,718 | €168,867 | -€7,851 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €923 | +€923 | |
| Other operating charges | 640/8 | €19,725 | €20,955 | +€1,230 | +6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,063,163 | €1,019,277 | -€43,886 | -4.1% |
| Operating profit (loss) | 9901 | -€460,846 | -€95,451 | +€365,394 | +79.3% |
| Financial income | 75/76B | €238 | €11 | -€228 | -95.6% |
| Recurring financial income | 75 | €238 | €11 | -€228 | -95.6% |
| Financial charges | 65/66B | €32,449 | €29,802 | -€2,647 | -8.2% |
| Recurring financial charges | 65 | €32,449 | €29,802 | -€2,647 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€493,056 | -€125,243 | +€367,813 | +74.6% |
| Income taxes | 67/77 | €2,146 | €1,437 | -€709 | -33.0% |
| Profit (loss) for the period | 9904 | -€495,202 | -€126,680 | +€368,522 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€495,202 | -€126,680 | +€368,522 | +74.4% |
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 30 September 2026 via checked.be.