INTERBUD: 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.
INTERBUD
Largest movements
- Receivables within one year +€146,639
up €146,639 (+270.9%), from €54,131 to €200,769
of which Trade receivables: +€145,836
- Cash +€74,110
up €74,110 (+907.4%), from €8,168 to €82,278
mainly Advances received (+€70,000) and Trade debts (+€68,780)
- Tangible fixed assets +€28,100
up €28,100 (+34.1%), from €82,522 to €110,622
of which Leasing and similar rights: +€31,252
- Stocks and contracts -€11,381
no longer reported in 2025 (was €11,381)
- Advances received +€70,000
new in 2025: €70,000
- Trade debts +€68,780
up €68,780 (+1603.8%), from €4,289 to €73,069
- Profit (loss) carried forward +€62,829
up €62,829 (+93.0%), from €67,537 to €130,366
- Debts after one year +€20,902
up €20,902 (+57.3%), from €36,461 to €57,362
- Current portion of long-term debt +€14,382
up €14,382 (+78.9%), from €18,230 to €32,613
- Gross operating margin +€40,363
up €40,363 (+37.1%), from €108,696 to €149,059
- Other operating charges -€11,955
down €11,955 (-75.0%), from €15,937 to €3,981
- Depreciation +€10,174
up €10,174 (+50.2%), from €20,284 to €30,458
- Taxes +€4,442
up €4,442 (+28.6%), from €15,555 to €19,998
- Staff costs +€3,852
up €3,852 (+16.2%), from €23,779 to €27,632
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 | €158,011 | €395,494 | +€237,482 | +150.3% |
| Fixed assets | 21/28 | €82,522 | €110,622 | +€28,100 | +34.1% |
| Tangible fixed assets | 22/27 | €82,522 | €110,622 | +€28,100 | +34.1% |
| Plant, machinery and equipment | 23 | €9,533 | €6,748 | -€2,785 | -29.2% |
| Furniture and vehicles | 24 | €28,576 | €28,209 | -€367 | -1.3% |
| Leasing and similar rights | 25 | €44,413 | €75,665 | +€31,252 | +70.4% |
| Current assets | 29/58 | €75,489 | €284,872 | +€209,383 | +277.4% |
| Stocks and contracts in progress | 3 | €11,381 | - | -€11,381 | |
| Stocks | 30/36 | €11,381 | - | -€11,381 | |
| Amounts receivable within one year | 40/41 | €54,131 | €200,769 | +€146,639 | +270.9% |
| Trade receivables | 40 | €31,835 | €177,671 | +€145,836 | +458.1% |
| Other amounts receivable | 41 | €22,296 | €23,099 | +€803 | +3.6% |
| Cash at bank and in hand | 54/58 | €8,168 | €82,278 | +€74,110 | +907.4% |
| Deferred charges and accrued income | 490/1 | €1,810 | €1,825 | +€14 | +0.8% |
| Total equity and liabilities | 10/49 | €158,011 | €395,494 | +€237,482 | +150.3% |
| Equity | 10/15 | €75,597 | €138,426 | +€62,829 | +83.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,537 | €130,366 | +€62,829 | +93.0% |
| Amounts payable | 17/49 | €82,414 | €257,067 | +€174,653 | +211.9% |
| Amounts payable after more than one year | 17 | €36,461 | €57,362 | +€20,902 | +57.3% |
| Financial debts | 170/4 | €36,461 | €57,362 | +€20,902 | +57.3% |
| Amounts payable within one year | 42/48 | €45,953 | €199,705 | +€153,752 | +334.6% |
| Current portion of amounts payable after more than one year | 42 | €18,230 | €32,613 | +€14,382 | +78.9% |
| Trade debts | 44 | €4,289 | €73,069 | +€68,780 | +1603.8% |
| Suppliers | 440/4 | €4,289 | €73,069 | +€68,780 | +1603.8% |
| Advances received on contracts in progress | 46 | - | €70,000 | +€70,000 | |
| Taxes, remuneration and social security | 45 | €22,134 | €14,999 | -€7,135 | -32.2% |
| Taxes | 450/3 | €15,555 | €9,013 | -€6,542 | -42.1% |
| Remuneration and social security | 454/9 | €6,579 | €5,986 | -€592 | -9.0% |
| Other amounts payable | 47/48 | €1,300 | €9,024 | +€7,724 | +594.2% |
| Remuneration, social security and pensions | 62 | €23,779 | €27,632 | +€3,852 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,284 | €30,458 | +€10,174 | +50.2% |
| Other operating charges | 640/8 | €15,937 | €3,981 | -€11,955 | -75.0% |
| Gross operating margin | 9900 | €108,696 | €149,059 | +€40,363 | +37.1% |
| Operating profit (loss) | 9901 | €48,696 | €86,988 | +€38,292 | +78.6% |
| Financial charges | 65/66B | €2,131 | €3,162 | +€1,030 | +48.3% |
| Recurring financial charges | 65 | €2,131 | €3,162 | +€1,030 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €46,565 | €83,827 | +€37,262 | +80.0% |
| Income taxes | 67/77 | €15,555 | €19,998 | +€4,442 | +28.6% |
| Profit (loss) for the period | 9904 | €31,009 | €63,829 | +€32,820 | +105.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,009 | €63,829 | +€32,820 | +105.8% |
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.