INTERFASE: 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.
INTERFASE
Largest movements
- Receivables within one year +€90,587
new in 2025: €90,587
- Current investments -€60,000
down €60,000 (-70.6%), from €85,000 to €25,000
- Deferred charges and accrued income -€49,526
down €49,526 (-94.3%), from €52,535 to €3,008
- Cash +€13,905
up €13,905 (+15.0%), from €92,866 to €106,772
mainly Current investments (+€60,000) and Deferred charges and accrued income (+€49,526)
- Tangible fixed assets -€7,466
down €7,466 (-15.3%), from €48,729 to €41,263
of which Furniture and vehicles: -€6,938
- Reserves +€42,444
up €42,444 (+24.8%), from €170,860 to €213,304
- Tax, wage and social debts -€38,370
down €38,370 (-75.9%), from €50,530 to €12,160
- Debts after one year -€11,863
down €11,863 (-32.9%), from €36,023 to €24,160
- Other debts -€5,923
down €5,923 (-100.0%), from €5,923 to €0
- Gross operating margin -€68,263
down €68,263 (-50.4%), from €135,334 to €67,071
- Taxes -€14,441
down €14,441 (-56.7%), from €25,486 to €11,046
- Financial income +€3,340
up €3,340 (+767.2%), from €435 to €3,775
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 | €279,130 | €266,630 | -€12,500 | -4.5% |
| Fixed assets | 21/28 | €48,729 | €41,263 | -€7,466 | -15.3% |
| Tangible fixed assets | 22/27 | €48,729 | €41,263 | -€7,466 | -15.3% |
| Plant, machinery and equipment | 23 | €2,496 | €1,969 | -€527 | -21.1% |
| Furniture and vehicles | 24 | €46,233 | €39,294 | -€6,938 | -15.0% |
| Current assets | 29/58 | €230,401 | €225,367 | -€5,034 | -2.2% |
| Amounts receivable within one year | 40/41 | - | €90,587 | +€90,587 | |
| Other amounts receivable | 41 | - | €90,587 | +€90,587 | |
| Current investments | 50/53 | €85,000 | €25,000 | -€60,000 | -70.6% |
| Cash at bank and in hand | 54/58 | €92,866 | €106,772 | +€13,905 | +15.0% |
| Deferred charges and accrued income | 490/1 | €52,535 | €3,008 | -€49,526 | -94.3% |
| Total equity and liabilities | 10/49 | €279,130 | €266,630 | -€12,500 | -4.5% |
| Equity | 10/15 | €173,860 | €216,304 | +€42,444 | +24.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €170,860 | €213,304 | +€42,444 | +24.8% |
| Distributable reserves | 133 | €170,860 | €213,304 | +€42,444 | +24.8% |
| Amounts payable | 17/49 | €105,270 | €50,326 | -€54,944 | -52.2% |
| Amounts payable after more than one year | 17 | €36,023 | €24,160 | -€11,863 | -32.9% |
| Financial debts | 170/4 | €36,023 | €24,160 | -€11,863 | -32.9% |
| Amounts payable within one year | 42/48 | €69,247 | €26,166 | -€43,081 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €11,380 | €11,863 | +€482 | +4.2% |
| Trade debts | 44 | €1,414 | €2,144 | +€730 | +51.6% |
| Suppliers | 440/4 | €1,414 | €2,144 | +€730 | +51.6% |
| Taxes, remuneration and social security | 45 | €50,530 | €12,160 | -€38,370 | -75.9% |
| Taxes | 450/3 | €50,530 | €12,160 | -€38,370 | -75.9% |
| Other amounts payable | 47/48 | €5,923 | €0 | -€5,923 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,947 | €2,116 | +€169 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,982 | €12,971 | +€989 | +8.3% |
| Other operating charges | 640/8 | €500 | €444 | -€56 | -11.2% |
| Gross operating margin | 9900 | €135,334 | €67,071 | -€68,263 | -50.4% |
| Operating profit (loss) | 9901 | €120,905 | €51,540 | -€69,365 | -57.4% |
| Financial income | 75/76B | €435 | €3,775 | +€3,340 | +767.2% |
| Recurring financial income | 75 | €435 | €3,775 | +€3,340 | +767.2% |
| Financial charges | 65/66B | €2,273 | €1,825 | -€447 | -19.7% |
| Recurring financial charges | 65 | €2,273 | €1,825 | -€447 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €119,068 | €53,490 | -€65,578 | -55.1% |
| Income taxes | 67/77 | €25,486 | €11,046 | -€14,441 | -56.7% |
| Profit (loss) for the period | 9904 | €93,582 | €42,444 | -€51,138 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,582 | €42,444 | -€51,138 | -54.6% |
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 28 September 2026 via checked.be.