INTERFREIGHT ANTWERP: 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.
INTERFREIGHT ANTWERP
Largest movements
- Receivables within one year +€659,797
up €659,797 (+36.4%), from €1.8m to €2.5m
of which Trade receivables: +€419,197
- Cash -€432,554
down €432,554 (-36.3%), from €1.2m to €760,247
mainly Receivables within one year (-€659,797) and Investment in fixed assets (net) (-€65,861)
- Current investments -€99,534
down €99,534 (-24.4%), from €407,351 to €307,817
- Trade debts +€169,149
up €169,149 (+16.7%), from €1.0m to €1.2m
- Other debts -€47,285
down €47,285 (-18.0%), from €263,030 to €215,745
- Write-downs +€880,931
up €880,931 (+97.3%), from -€905,297 to -€24,366
- Other operating charges -€866,435
down €866,435 (-92.7%), from €934,547 to €68,113
- Financial charges +€23,285
up €23,285 (+44.9%), from €51,870 to €75,155
- Gross operating margin -€18,632
down €18,632 (-1.2%), from €1.6m to €1.6m
- Staff costs -€17,766
down €17,766 (-1.2%), from €1.4m to €1.4m
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 | €3,928,033 | €4,054,454 | +€126,421 | +3.2% |
| Fixed assets | 21/28 | €486,670 | €485,998 | -€672 | -0.1% |
| Intangible fixed assets | 21 | €30,908 | - | -€30,908 | |
| Tangible fixed assets | 22/27 | €454,761 | €484,996 | +€30,236 | +6.6% |
| Land and buildings | 22 | €421,062 | €390,897 | -€30,166 | -7.2% |
| Plant, machinery and equipment | 23 | €30,225 | €55,776 | +€25,551 | +84.5% |
| Furniture and vehicles | 24 | €3,473 | €38,324 | +€34,851 | +1003.5% |
| Financial fixed assets | 28 | €1,002 | €1,002 | = | 0.0% |
| Current assets | 29/58 | €3,441,362 | €3,568,455 | +€127,093 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,810,919 | €2,470,716 | +€659,797 | +36.4% |
| Trade receivables | 40 | €1,742,455 | €2,161,652 | +€419,197 | +24.1% |
| Other amounts receivable | 41 | €68,464 | €309,064 | +€240,600 | +351.4% |
| Current investments | 50/53 | €407,351 | €307,817 | -€99,534 | -24.4% |
| Cash at bank and in hand | 54/58 | €1,192,801 | €760,247 | -€432,554 | -36.3% |
| Deferred charges and accrued income | 490/1 | €30,291 | €29,675 | -€615 | -2.0% |
| Total equity and liabilities | 10/49 | €3,928,033 | €4,054,454 | +€126,421 | +3.2% |
| Equity | 10/15 | €2,409,085 | €2,394,862 | -€14,223 | -0.6% |
| Contributions | 10/11 | €188,197 | €188,197 | = | 0.0% |
| Capital | 10 | €188,197 | €188,197 | = | 0.0% |
| Issued capital | 100 | €188,197 | €188,197 | = | 0.0% |
| Revaluation surpluses | 12 | €251,328 | €234,909 | -€16,419 | -6.5% |
| Reserves | 13 | €1,969,560 | €1,971,756 | +€2,197 | +0.1% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €1,949,728 | €1,951,925 | +€2,197 | +0.1% |
| Amounts payable | 17/49 | €1,518,948 | €1,659,592 | +€140,644 | +9.3% |
| Amounts payable after more than one year | 17 | - | €28,624 | +€28,624 | |
| Financial debts | 170/4 | - | €28,624 | +€28,624 | |
| Amounts payable within one year | 42/48 | €1,515,304 | €1,627,244 | +€111,939 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,131 | +€8,131 | |
| Trade debts | 44 | €1,015,533 | €1,184,682 | +€169,149 | +16.7% |
| Suppliers | 440/4 | €1,015,533 | €1,184,682 | +€169,149 | +16.7% |
| Taxes, remuneration and social security | 45 | €236,741 | €218,685 | -€18,056 | -7.6% |
| Taxes | 450/3 | €43,212 | €40,399 | -€2,813 | -6.5% |
| Remuneration and social security | 454/9 | €193,530 | €178,286 | -€15,243 | -7.9% |
| Other amounts payable | 47/48 | €263,030 | €215,745 | -€47,285 | -18.0% |
| Accrued charges and deferred income | 492/3 | €3,644 | €3,724 | +€81 | +2.2% |
| Non-recurring operating income | 76A | €130,145 | €72,326 | -€57,819 | -44.4% |
| Remuneration, social security and pensions | 62 | €1,421,686 | €1,403,920 | -€17,766 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,296 | €66,533 | -€12,763 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€905,297 | -€24,366 | +€880,931 | +97.3% |
| Other operating charges | 640/8 | €934,547 | €68,113 | -€866,435 | -92.7% |
| Non-recurring operating charges | 66A | €16,419 | €23,145 | +€6,726 | +41.0% |
| Gross operating margin | 9900 | €1,595,105 | €1,576,473 | -€18,632 | -1.2% |
| Operating profit (loss) | 9901 | €48,453 | €39,129 | -€9,324 | -19.2% |
| Financial income | 75/76B | €45,083 | €36,255 | -€8,828 | -19.6% |
| Recurring financial income | 75 | €45,083 | €36,255 | -€8,828 | -19.6% |
| Financial charges | 65/66B | €51,870 | €75,155 | +€23,285 | +44.9% |
| Recurring financial charges | 65 | €51,870 | €75,155 | +€23,285 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €41,666 | €228 | -€41,438 | -99.5% |
| Income taxes | 67/77 | €27,182 | €14,451 | -€12,731 | -46.8% |
| Profit (loss) for the period | 9904 | €14,484 | -€14,223 | -€28,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,484 | -€14,223 | -€28,706 |
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 5 October 2026 via checked.be.