INTERFENSTER: 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.
INTERFENSTER
Largest movements
- Tangible fixed assets +€106,533
up €106,533 (+58.1%), from €183,450 to €289,983
of which Leasing and similar rights: +€122,308
- Cash +€58,913
up €58,913 (+37.8%), from €155,838 to €214,751
mainly Debts after one year (+€82,428) and Net result for the year (+€68,399)
- Debts after one year +€82,428
up €82,428 (+256.9%), from €32,085 to €114,513
- Reserves +€67,566
up €67,566 (+19.0%), from €356,414 to €423,980
of which Distributable reserves: +€67,566
- Tax, wage and social debts +€16,963
up €16,963 (+60.9%), from €27,832 to €44,794
of which Taxes: +€16,798
- Trade debts -€10,832
down €10,832 (-47.1%), from €22,979 to €12,147
- Current portion of long-term debt +€7,732
up €7,732 (+24.9%), from €31,054 to €38,786
- Gross operating margin +€25,437
up €25,437 (+10.4%), from €245,758 to €271,195
- Depreciation +€12,158
up €12,158 (+65.0%), from €18,710 to €30,868
- Staff costs -€7,910
down €7,910 (-5.8%), from €136,692 to €128,783
- Taxes +€5,722
up €5,722 (+31.9%), from €17,923 to €23,645
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 | €494,122 | €658,303 | +€164,181 | +33.2% |
| Fixed assets | 21/28 | €183,450 | €289,983 | +€106,533 | +58.1% |
| Tangible fixed assets | 22/27 | €183,450 | €289,983 | +€106,533 | +58.1% |
| Land and buildings | 22 | €155,150 | €147,236 | -€7,914 | -5.1% |
| Plant, machinery and equipment | 23 | €11,551 | €8,189 | -€3,362 | -29.1% |
| Furniture and vehicles | 24 | €16,749 | €12,250 | -€4,499 | -26.9% |
| Leasing and similar rights | 25 | - | €122,308 | +€122,308 | |
| Current assets | 29/58 | €310,672 | €368,320 | +€57,648 | +18.6% |
| Stocks and contracts in progress | 3 | €95,500 | €96,240 | +€740 | +0.8% |
| Stocks | 30/36 | €95,500 | €96,240 | +€740 | +0.8% |
| Amounts receivable within one year | 40/41 | €59,334 | €57,329 | -€2,005 | -3.4% |
| Trade receivables | 40 | €51,215 | €49,211 | -€2,005 | -3.9% |
| Other amounts receivable | 41 | €8,118 | €8,118 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €155,838 | €214,751 | +€58,913 | +37.8% |
| Total equity and liabilities | 10/49 | €494,122 | €658,303 | +€164,181 | +33.2% |
| Equity | 10/15 | €375,314 | €442,880 | +€67,566 | +18.0% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €356,414 | €423,980 | +€67,566 | +19.0% |
| Tax-exempt reserves | 132 | €797 | €797 | = | 0.0% |
| Distributable reserves | 133 | €355,617 | €423,183 | +€67,566 | +19.0% |
| Amounts payable | 17/49 | €118,807 | €215,423 | +€96,615 | +81.3% |
| Amounts payable after more than one year | 17 | €32,085 | €114,513 | +€82,428 | +256.9% |
| Financial debts | 170/4 | €32,085 | €114,513 | +€82,428 | +256.9% |
| Amounts payable within one year | 42/48 | €86,390 | €100,910 | +€14,520 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €31,054 | €38,786 | +€7,732 | +24.9% |
| Trade debts | 44 | €22,979 | €12,147 | -€10,832 | -47.1% |
| Suppliers | 440/4 | €22,979 | €12,147 | -€10,832 | -47.1% |
| Taxes, remuneration and social security | 45 | €27,832 | €44,794 | +€16,963 | +60.9% |
| Taxes | 450/3 | €13,568 | €30,366 | +€16,798 | +123.8% |
| Remuneration and social security | 454/9 | €14,264 | €14,428 | +€164 | +1.2% |
| Other amounts payable | 47/48 | €4,526 | €5,183 | +€657 | +14.5% |
| Accrued charges and deferred income | 492/3 | €332 | - | -€332 | |
| Remuneration, social security and pensions | 62 | €136,692 | €128,783 | -€7,910 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,710 | €30,868 | +€12,158 | +65.0% |
| Other operating charges | 640/8 | €11,688 | €14,248 | +€2,561 | +21.9% |
| Non-recurring operating charges | 66A | - | €850 | +€850 | |
| Gross operating margin | 9900 | €245,758 | €271,195 | +€25,437 | +10.4% |
| Operating profit (loss) | 9901 | €78,668 | €96,446 | +€17,778 | +22.6% |
| Financial income | 75/76B | €4,270 | €3,528 | -€742 | -17.4% |
| Recurring financial income | 75 | €4,270 | €3,528 | -€742 | -17.4% |
| Financial charges | 65/66B | €6,814 | €7,931 | +€1,117 | +16.4% |
| Recurring financial charges | 65 | €6,814 | €7,931 | +€1,117 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €76,124 | €92,043 | +€15,919 | +20.9% |
| Income taxes | 67/77 | €17,923 | €23,645 | +€5,722 | +31.9% |
| Profit (loss) for the period | 9904 | €58,201 | €68,399 | +€10,198 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,201 | €68,399 | +€10,198 | +17.5% |
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 7 October 2026 via checked.be.