INTEREXTER: 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.
INTEREXTER
Largest movements
- Financial fixed assets +€72,500
up €72,500 (+5686.3%), from €1,275 to €73,775
- Tangible fixed assets -€36,808
down €36,808 (-37.5%), from €98,084 to €61,276
of which Plant, machinery and equipment: -€26,543
- Cash -€11,464
down €11,464 (-93.7%), from €12,236 to €773
mainly Investment in fixed assets (net) (-€74,386) and Debts after one year (-€13,116)
- Receivables within one year -€4,028
down €4,028 (-45.3%), from €8,884 to €4,856
of which Trade receivables: -€4,457
- Profit (loss) carried forward +€28,536
up €28,536 (+16.4%), from -€174,067 to -€145,531
- Short-term financial debts +€21,493
up €21,493 (+95.8%), from €22,432 to €43,925
of which Other loans: +€43,925
- Debts after one year -€13,116
down €13,116 (-15.1%), from €86,890 to €73,775
- Current portion of long-term debt -€8,664
down €8,664 (-43.6%), from €19,855 to €11,191
- Accrued charges and deferred income -€4,900
no longer reported in 2026 (was €4,900)
- Gross operating margin +€14,922
up €14,922 (+25.3%), from €58,968 to €73,890
- Depreciation -€4,978
down €4,978 (-11.4%), from €43,671 to €38,694
- Other operating charges +€2,616
up €2,616 (+344.1%), from €760 to €3,377
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,479 | €140,680 | +€20,201 | +16.8% |
| Fixed assets | 21/28 | €99,359 | €135,051 | +€35,692 | +35.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €98,084 | €61,276 | -€36,808 | -37.5% |
| Plant, machinery and equipment | 23 | €72,094 | €45,551 | -€26,543 | -36.8% |
| Furniture and vehicles | 24 | €12,121 | €4,656 | -€7,465 | -61.6% |
| Leasing and similar rights | 25 | €13,870 | €11,070 | -€2,800 | -20.2% |
| Financial fixed assets | 28 | €1,275 | €73,775 | +€72,500 | +5686.3% |
| Current assets | 29/58 | €21,120 | €5,629 | -€15,491 | -73.3% |
| Amounts receivable within one year | 40/41 | €8,884 | €4,856 | -€4,028 | -45.3% |
| Trade receivables | 40 | €8,633 | €4,176 | -€4,457 | -51.6% |
| Other amounts receivable | 41 | €250 | €680 | +€429 | +171.3% |
| Cash at bank and in hand | 54/58 | €12,236 | €773 | -€11,464 | -93.7% |
| Total equity and liabilities | 10/49 | €120,479 | €140,680 | +€20,201 | +16.8% |
| Equity | 10/15 | -€153,607 | -€125,071 | +€28,536 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,067 | -€145,531 | +€28,536 | +16.4% |
| Amounts payable | 17/49 | €274,086 | €265,751 | -€8,335 | -3.0% |
| Amounts payable after more than one year | 17 | €86,890 | €73,775 | -€13,116 | -15.1% |
| Financial debts | 170/4 | €86,890 | €73,775 | -€13,116 | -15.1% |
| Amounts payable within one year | 42/48 | €182,296 | €191,976 | +€9,680 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €19,855 | €11,191 | -€8,664 | -43.6% |
| Financial debts | 43 | €22,432 | €43,925 | +€21,493 | +95.8% |
| Credit institutions | 430/8 | €22,432 | - | -€22,432 | |
| Other loans | 439 | - | €43,925 | +€43,925 | |
| Trade debts | 44 | €6,416 | €7,486 | +€1,069 | +16.7% |
| Suppliers | 440/4 | €6,416 | €7,486 | +€1,069 | +16.7% |
| Taxes, remuneration and social security | 45 | - | €96 | +€96 | |
| Taxes | 450/3 | - | €96 | +€96 | |
| Other amounts payable | 47/48 | €133,592 | €129,280 | -€4,313 | -3.2% |
| Accrued charges and deferred income | 492/3 | €4,900 | - | -€4,900 | |
| Non-recurring operating income | 76A | - | €2,455 | +€2,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,671 | €38,694 | -€4,978 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €170 | +€170 | |
| Other operating charges | 640/8 | €760 | €3,377 | +€2,616 | +344.1% |
| Gross operating margin | 9900 | €58,968 | €73,890 | +€14,922 | +25.3% |
| Operating profit (loss) | 9901 | €14,536 | €31,650 | +€17,114 | +117.7% |
| Financial income | 75/76B | €56 | €58 | +€2 | +3.3% |
| Recurring financial income | 75 | €56 | €58 | +€2 | +3.3% |
| Financial charges | 65/66B | €2,458 | €3,123 | +€665 | +27.0% |
| Recurring financial charges | 65 | €2,458 | €1,818 | -€640 | -26.1% |
| Non-recurring financial charges | 66B | - | €1,305 | +€1,305 | |
| Profit (loss) for the period before taxes | 9903 | €12,134 | €28,585 | +€16,451 | +135.6% |
| Income taxes | 67/77 | €68 | €49 | -€19 | -28.5% |
| Profit (loss) for the period | 9904 | €12,066 | €28,536 | +€16,470 | +136.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,066 | €28,536 | +€16,470 | +136.5% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.