INTEREST: 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.
INTEREST
Largest movements
- Tangible fixed assets -€12,205
down €12,205 (-35.0%), from €34,898 to €22,693
of which Plant, machinery and equipment: -€6,320
- Cash -€9,619
down €9,619 (-34.2%), from €28,097 to €18,478
mainly Short-term financial debts (-€17,368) and Trade debts (-€5,243)
- Stocks and contracts -€3,437
down €3,437 (-4.9%), from €70,692 to €67,255
- Short-term financial debts -€17,368
down €17,368 (-28.1%), from €61,825 to €44,457
- Trade debts -€5,243
down €5,243 (-70.4%), from €7,450 to €2,207
- Profit (loss) carried forward -€1,560
down €1,560 (-13.2%), from €11,805 to €10,245
- Gross operating margin -€7,721
down €7,721 (-38.4%), from €20,124 to €12,402
- Depreciation -€1,924
down €1,924 (-12.9%), from €14,968 to €13,044
- Taxes -€1,309
down €1,309 (-76.6%), from €1,708 to €399
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 | €135,016 | €110,398 | -€24,618 | -18.2% |
| Fixed assets | 21/28 | €34,898 | €22,693 | -€12,205 | -35.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €34,898 | €22,693 | -€12,205 | -35.0% |
| Land and buildings | 22 | €1,777 | €26 | -€1,750 | -98.5% |
| Plant, machinery and equipment | 23 | €21,482 | €15,162 | -€6,320 | -29.4% |
| Furniture and vehicles | 24 | €1,215 | €1,571 | +€356 | +29.3% |
| Other tangible fixed assets | 26 | €10,425 | €5,933 | -€4,491 | -43.1% |
| Current assets | 29/58 | €100,118 | €87,705 | -€12,413 | -12.4% |
| Stocks and contracts in progress | 3 | €70,692 | €67,255 | -€3,437 | -4.9% |
| Stocks | 30/36 | €70,692 | €67,255 | -€3,437 | -4.9% |
| Amounts receivable within one year | 40/41 | €170 | €600 | +€430 | +253.1% |
| Trade receivables | 40 | €170 | €600 | +€430 | +253.1% |
| Cash at bank and in hand | 54/58 | €28,097 | €18,478 | -€9,619 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,159 | €1,372 | +€213 | +18.4% |
| Total equity and liabilities | 10/49 | €135,016 | €110,398 | -€24,618 | -18.2% |
| Equity | 10/15 | €62,045 | €60,485 | -€1,560 | -2.5% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €10,577 | €10,577 | = | 0.0% |
| Tax-exempt reserves | 132 | €49 | €49 | = | 0.0% |
| Distributable reserves | 133 | €10,528 | €10,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,805 | €10,245 | -€1,560 | -13.2% |
| Amounts payable | 17/49 | €72,971 | €49,912 | -€23,059 | -31.6% |
| Amounts payable within one year | 42/48 | €72,971 | €49,912 | -€23,059 | -31.6% |
| Financial debts | 43 | €61,825 | €44,457 | -€17,368 | -28.1% |
| Other loans | 439 | €61,825 | €44,457 | -€17,368 | -28.1% |
| Trade debts | 44 | €7,450 | €2,207 | -€5,243 | -70.4% |
| Suppliers | 440/4 | €7,450 | €2,207 | -€5,243 | -70.4% |
| Taxes, remuneration and social security | 45 | €3,558 | €2,954 | -€604 | -17.0% |
| Taxes | 450/3 | €3,558 | €2,954 | -€604 | -17.0% |
| Other amounts payable | 47/48 | €138 | €294 | +€157 | +113.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,968 | €13,044 | -€1,924 | -12.9% |
| Other operating charges | 640/8 | €717 | €584 | -€132 | -18.5% |
| Gross operating margin | 9900 | €20,124 | €12,402 | -€7,721 | -38.4% |
| Operating profit (loss) | 9901 | €4,439 | -€1,226 | -€5,665 | |
| Financial income | 75/76B | €72 | €151 | +€79 | +110.1% |
| Recurring financial income | 75 | €72 | €151 | +€79 | +110.1% |
| Financial charges | 65/66B | €118 | €85 | -€32 | -27.5% |
| Recurring financial charges | 65 | €118 | €85 | -€32 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €4,393 | -€1,161 | -€5,553 | |
| Income taxes | 67/77 | €1,708 | €399 | -€1,309 | -76.6% |
| Profit (loss) for the period | 9904 | €2,685 | -€1,560 | -€4,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,685 | -€1,560 | -€4,245 |
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 10 October 2026 via checked.be.