INTERFISCAL BELGIUM: 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.
INTERFISCAL BELGIUM
Largest movements
- Cash -€39,029
down €39,029 (-76.7%), from €50,899 to €11,870
mainly Accrued charges and deferred income (-€120,346) and Receivables within one year (-€21,466)
- Receivables within one year +€21,466
up €21,466 (+5.1%), from €418,030 to €439,496
of which Other amounts receivable: +€70,005
- Accrued charges and deferred income -€120,346
down €120,346 (-60.1%), from €200,269 to €79,923
- Other debts +€76,030
up €76,030 (+120%), from €63,241 to €139,271
- Reserves +€18,969
up €18,969 (+24.9%), from €76,250 to €95,220
of which Distributable reserves: +€18,969
- Trade debts +€15,074
up €15,074 (+33.6%), from €44,843 to €59,917
- Current portion of long-term debt -€5,000
down €5,000 (-24.5%), from €20,417 to €15,417
- Staff costs +€7,181
up €7,181 (+12.8%), from €56,263 to €63,445
- Depreciation -€4,398
down €4,398 (-55.9%), from €7,873 to €3,475
- Financial income +€2,530
up €2,530 (+1,254%), from €202 to €2,732
- Gross operating margin -€1,793
down €1,793 (-1.7%), from €102,668 to €100,875
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.
Derived cash bridge
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 | €479,956 | €463,584 | -€16,372 | -3.4% |
| Fixed assets | 21/28 | €7,761 | €9,136 | +€1,375 | +17.7% |
| Intangible fixed assets | 21 | €609 | €26 | -€583 | -95.7% |
| Tangible fixed assets | 22/27 | €7,151 | €9,110 | +€1,958 | +27.4% |
| Land and buildings | 22 | €5,077 | €4,416 | -€661 | -13.0% |
| Plant, machinery and equipment | 23 | €2,075 | €4,694 | +€2,619 | +126% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €472,196 | €454,448 | -€17,747 | -3.8% |
| Stocks and contracts in progress | 3 | €170 | - | -€170 | |
| Stocks | 30/36 | €170 | - | -€170 | |
| Amounts receivable within one year | 40/41 | €418,030 | €439,496 | +€21,466 | +5.1% |
| Trade receivables | 40 | €183,544 | €135,005 | -€48,539 | -26.4% |
| Other amounts receivable | 41 | €234,486 | €304,491 | +€70,005 | +29.9% |
| Cash at bank and in hand | 54/58 | €50,899 | €11,870 | -€39,029 | -76.7% |
| Deferred charges and accrued income | 490/1 | €3,097 | €3,082 | -€15 | -0.5% |
| Total equity and liabilities | 10/49 | €479,956 | €463,584 | -€16,372 | -3.4% |
| Equity | 10/15 | €138,224 | €157,193 | +€18,969 | +13.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €76,250 | €95,220 | +€18,969 | +24.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €673 | €673 | = | 0.0% |
| Distributable reserves | 133 | €69,380 | €88,349 | +€18,969 | +27.3% |
| Amounts payable | 17/49 | €341,733 | €306,392 | -€35,341 | -10.3% |
| Amounts payable within one year | 42/48 | €141,464 | €226,468 | +€85,005 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €20,417 | €15,417 | -€5,000 | -24.5% |
| Trade debts | 44 | €44,843 | €59,917 | +€15,074 | +33.6% |
| Suppliers | 440/4 | €44,843 | €59,917 | +€15,074 | +33.6% |
| Taxes, remuneration and social security | 45 | €12,962 | €11,863 | -€1,099 | -8.5% |
| Taxes | 450/3 | €2,154 | €118 | -€2,036 | -94.5% |
| Remuneration and social security | 454/9 | €10,809 | €11,745 | +€936 | +8.7% |
| Other amounts payable | 47/48 | €63,241 | €139,271 | +€76,030 | +120% |
| Accrued charges and deferred income | 492/3 | €200,269 | €79,923 | -€120,346 | -60.1% |
| Non-recurring operating income | 76A | - | €2,606 | +€2,606 | |
| Remuneration, social security and pensions | 62 | €56,263 | €63,445 | +€7,181 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €3,475 | -€4,398 | -55.9% |
| Other operating charges | 640/8 | €2,441 | €3,348 | +€907 | +37.1% |
| Gross operating margin | 9900 | €102,668 | €100,875 | -€1,793 | -1.7% |
| Operating profit (loss) | 9901 | €36,091 | €30,608 | -€5,483 | -15.2% |
| Financial income | 75/76B | €202 | €2,732 | +€2,530 | +1,254% |
| Recurring financial income | 75 | €202 | €2,732 | +€2,530 | +1,254% |
| Financial charges | 65/66B | €3,989 | €3,875 | -€114 | -2.9% |
| Recurring financial charges | 65 | €3,989 | €3,875 | -€114 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €32,304 | €29,465 | -€2,839 | -8.8% |
| Income taxes | 67/77 | €11,109 | €10,496 | -€613 | -5.5% |
| Profit (loss) for the period | 9904 | €21,195 | €18,969 | -€2,226 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,195 | €18,969 | -€2,226 | -10.5% |
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 14 October 2026 via checked.be.