INTERFLEX: 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.
INTERFLEX
Largest movements
- Tangible fixed assets +€292,021
up €292,021 (+101.4%), from €287,940 to €579,961
of which Land and buildings: +€250,360
- Current investments +€200,000
new in 2025: €200,000
- Receivables after one year -€150,586
down €150,586 (-77.3%), from €194,742 to €44,156
- Cash -€28,540
down €28,540 (-41.7%), from €68,447 to €39,907
mainly Investment in fixed assets (net) (-€365,122) and Current investments (-€200,000)
- Debts after one year +€216,237
up €216,237 (+119.1%), from €181,619 to €397,855
- Reserves +€49,470
up €49,470 (+15.1%), from €326,658 to €376,128
of which Distributable reserves: +€27,858
- Current portion of long-term debt +€30,637
up €30,637 (+142.2%), from €21,552 to €52,189
- Gross operating margin +€38,451
up €38,451 (+34.1%), from €112,890 to €151,341
- Depreciation +€22,830
up €22,830 (+45.4%), from €50,271 to €73,101
- Taxes -€6,814
down €6,814 (-38.7%), from €17,597 to €10,784
- Other operating charges +€2,606
up €2,606 (+75.5%), from €3,452 to €6,058
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 | €559,004 | €867,562 | +€308,558 | +55.2% |
| Fixed assets | 21/28 | €287,940 | €579,961 | +€292,021 | +101.4% |
| Tangible fixed assets | 22/27 | €287,940 | €579,961 | +€292,021 | +101.4% |
| Land and buildings | 22 | €248,356 | €498,715 | +€250,360 | +100.8% |
| Plant, machinery and equipment | 23 | €16,778 | €74,139 | +€57,362 | +341.9% |
| Furniture and vehicles | 24 | €22,806 | €7,106 | -€15,700 | -68.8% |
| Current assets | 29/58 | €271,064 | €287,601 | +€16,537 | +6.1% |
| Amounts receivable after more than one year | 29 | €194,742 | €44,156 | -€150,586 | -77.3% |
| Other amounts receivable | 291 | €194,742 | €44,156 | -€150,586 | -77.3% |
| Amounts receivable within one year | 40/41 | €3,384 | €404 | -€2,980 | -88.1% |
| Trade receivables | 40 | €3,384 | €404 | -€2,980 | -88.1% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €68,447 | €39,907 | -€28,540 | -41.7% |
| Deferred charges and accrued income | 490/1 | €4,490 | €3,134 | -€1,356 | -30.2% |
| Total equity and liabilities | 10/49 | €559,004 | €867,562 | +€308,558 | +55.2% |
| Equity | 10/15 | €345,258 | €394,728 | +€49,470 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,658 | €376,128 | +€49,470 | +15.1% |
| Tax-exempt reserves | 132 | €6,332 | €27,944 | +€21,612 | +341.3% |
| Distributable reserves | 133 | €320,326 | €348,184 | +€27,858 | +8.7% |
| Provisions and deferred taxes | 16 | - | €7,204 | +€7,204 | |
| Deferred taxes | 168 | - | €7,204 | +€7,204 | |
| Amounts payable | 17/49 | €213,746 | €465,630 | +€251,884 | +117.8% |
| Amounts payable after more than one year | 17 | €181,619 | €397,855 | +€216,237 | +119.1% |
| Financial debts | 170/4 | €181,619 | €397,855 | +€216,237 | +119.1% |
| Amounts payable within one year | 42/48 | €32,128 | €67,749 | +€35,621 | +110.9% |
| Current portion of amounts payable after more than one year | 42 | €21,552 | €52,189 | +€30,637 | +142.2% |
| Trade debts | 44 | €3,484 | €1,821 | -€1,663 | -47.7% |
| Suppliers | 440/4 | €3,484 | €1,821 | -€1,663 | -47.7% |
| Taxes, remuneration and social security | 45 | €7,092 | €13,739 | +€6,647 | +93.7% |
| Taxes | 450/3 | €7,092 | €13,739 | +€6,647 | +93.7% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | - | €29,050 | +€29,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,271 | €73,101 | +€22,830 | +45.4% |
| Other operating charges | 640/8 | €3,452 | €6,058 | +€2,606 | +75.5% |
| Gross operating margin | 9900 | €112,890 | €151,341 | +€38,451 | +34.1% |
| Operating profit (loss) | 9901 | €59,167 | €72,182 | +€13,015 | +22.0% |
| Financial income | 75/76B | €667 | €87 | -€580 | -87.0% |
| Recurring financial income | 75 | €667 | €87 | -€580 | -87.0% |
| Financial charges | 65/66B | €4,527 | €4,810 | +€283 | +6.3% |
| Recurring financial charges | 65 | €4,527 | €4,810 | +€283 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €55,306 | €67,458 | +€12,152 | +22.0% |
| Transfer from deferred taxes | 780 | - | €58 | +€58 | |
| Transfer to deferred taxes | 680 | - | €7,262 | +€7,262 | |
| Income taxes | 67/77 | €17,597 | €10,784 | -€6,814 | -38.7% |
| Profit (loss) for the period | 9904 | €37,709 | €49,470 | +€11,762 | +31.2% |
| Transfer from tax-exempt reserves | 789 | - | €175 | +€175 | |
| Transfer to tax-exempt reserves | 689 | - | €21,787 | +€21,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,709 | €27,858 | -€9,851 | -26.1% |
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 9 October 2026 via checked.be.