INTERFAR: 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.
INTERFAR
Largest movements
- Stocks and contracts -€388,947
no longer reported in 2025 (was €388,947)
- Cash -€77,091
down €77,091 (-46.5%), from €165,825 to €88,734
mainly Net result for the year (-€1.5m) and Trade debts (-€725,041)
- Receivables within one year +€53,340
up €53,340 (+470.4%), from €11,339 to €64,679
of which Trade receivables: +€28,727
- Tangible fixed assets -€32,798
down €32,798 (-16.8%), from €195,230 to €162,432
- Deferred charges and accrued income -€23,323
down €23,323 (-97.9%), from €23,812 to €489
- Other debts +€1.6m
up €1.6m (+160019.9%), from €994 to €1.6m
- Profit (loss) carried forward -€1.5m
down €1.5m (-378.0%), from -€393,767 to -€1.9m
- Trade debts -€725,041
down €725,041 (-75.5%), from €960,861 to €235,820
- Debts after one year +€233,427
new in 2025: €233,427
- Tax, wage and social debts -€79,256
down €79,256 (-67.7%), from €117,065 to €37,809
of which Remuneration and social security: -€77,676
- Gross operating margin -€857,327
down €857,327, from €623,677 to -€233,650
- Staff costs +€210,224
up €210,224 (+22.2%), from €947,688 to €1.2m
- Financial charges +€55,926
up €55,926 (+462.3%), from €12,098 to €68,025
of which Non-recurring financial charges: +€33,904
- Other operating charges -€25,432
down €25,432 (-72.2%), from €35,209 to €9,777
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 | €785,154 | €316,334 | -€468,820 | -59.7% |
| Fixed assets | 21/28 | €195,231 | €162,432 | -€32,798 | -16.8% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -25.3% |
| Tangible fixed assets | 22/27 | €195,230 | €162,432 | -€32,798 | -16.8% |
| Land and buildings | 22 | €64,506 | €57,306 | -€7,200 | -11.2% |
| Plant, machinery and equipment | 23 | €4,971 | €3,814 | -€1,157 | -23.3% |
| Furniture and vehicles | 24 | €49,269 | €33,365 | -€15,903 | -32.3% |
| Other tangible fixed assets | 26 | €76,484 | €67,947 | -€8,537 | -11.2% |
| Current assets | 29/58 | €589,923 | €153,901 | -€436,021 | -73.9% |
| Stocks and contracts in progress | 3 | €388,947 | - | -€388,947 | |
| Stocks | 30/36 | €388,947 | - | -€388,947 | |
| Amounts receivable within one year | 40/41 | €11,339 | €64,679 | +€53,340 | +470.4% |
| Trade receivables | 40 | - | €28,727 | +€28,727 | |
| Other amounts receivable | 41 | €11,339 | €35,952 | +€24,613 | +217.1% |
| Cash at bank and in hand | 54/58 | €165,825 | €88,734 | -€77,091 | -46.5% |
| Deferred charges and accrued income | 490/1 | €23,812 | €489 | -€23,323 | -97.9% |
| Total equity and liabilities | 10/49 | €785,154 | €316,334 | -€468,820 | -59.7% |
| Equity | 10/15 | -€293,767 | -€1,782,122 | -€1.5m | -506.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€393,767 | -€1,882,122 | -€1.5m | -378.0% |
| Amounts payable | 17/49 | €1,078,921 | €2,098,456 | +€1.0m | +94.5% |
| Amounts payable after more than one year | 17 | - | €233,427 | +€233,427 | |
| Trade debts | 175 | - | €233,427 | +€233,427 | |
| Amounts payable within one year | 42/48 | €1,078,921 | €1,865,029 | +€786,109 | +72.9% |
| Trade debts | 44 | €960,861 | €235,820 | -€725,041 | -75.5% |
| Suppliers | 440/4 | €960,861 | €235,820 | -€725,041 | -75.5% |
| Taxes, remuneration and social security | 45 | €117,065 | €37,809 | -€79,256 | -67.7% |
| Taxes | 450/3 | €2,910 | €1,330 | -€1,580 | -54.3% |
| Remuneration and social security | 454/9 | €114,155 | €36,479 | -€77,676 | -68.0% |
| Other amounts payable | 47/48 | €994 | €1,591,400 | +€1.6m | +160019.9% |
| Non-recurring operating income | 76A | €500,564 | €480 | -€500,084 | -99.9% |
| Remuneration, social security and pensions | 62 | €947,688 | €1,157,912 | +€210,224 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,992 | €32,798 | -€1,193 | -3.5% |
| Other operating charges | 640/8 | €35,209 | €9,777 | -€25,432 | -72.2% |
| Non-recurring operating charges | 66A | - | €375 | +€375 | |
| Gross operating margin | 9900 | €623,677 | -€233,650 | -€857,327 | |
| Operating profit (loss) | 9901 | -€393,212 | -€1,434,513 | -€1.0m | -264.8% |
| Financial income | 75/76B | €11,544 | €14,183 | +€2,639 | +22.9% |
| Recurring financial income | 75 | €11,544 | €14,183 | +€2,639 | +22.9% |
| Financial charges | 65/66B | €12,098 | €68,025 | +€55,926 | +462.3% |
| Recurring financial charges | 65 | €12,098 | €34,120 | +€22,022 | +182.0% |
| Non-recurring financial charges | 66B | - | €33,904 | +€33,904 | |
| Profit (loss) for the period before taxes | 9903 | -€393,767 | -€1,488,355 | -€1.1m | -278.0% |
| Profit (loss) for the period | 9904 | -€393,767 | -€1,488,355 | -€1.1m | -278.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€393,767 | -€1,488,355 | -€1.1m | -278.0% |
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 9 October 2026 via checked.be.