INTERHOLCO 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.
INTERHOLCO BELGIUM
Largest movements
- Receivables within one year +€59,221
up €59,221 (+8.8%), from €674,232 to €733,453
of which Trade receivables: +€106,879
- Tangible fixed assets -€49,500
down €49,500 (-37.3%), from €132,694 to €83,194
- Cash -€47,706
down €47,706 (-67.3%), from €70,841 to €23,135
mainly Receivables within one year (-€59,221) and Tax, wage and social debts (-€43,436)
- Tax, wage and social debts -€43,436
down €43,436 (-22.2%), from €195,557 to €152,121
of which Remuneration and social security: -€44,036
- Gross operating margin -€53,841
down €53,841 (-4.5%), from €1.2m to €1.1m
- Staff costs -€51,149
down €51,149 (-4.5%), from €1.1m to €1.1m
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 | €893,905 | €853,335 | -€40,570 | -4.5% |
| Fixed assets | 21/28 | €140,203 | €90,703 | -€49,500 | -35.3% |
| Tangible fixed assets | 22/27 | €132,694 | €83,194 | -€49,500 | -37.3% |
| Furniture and vehicles | 24 | €132,694 | €83,194 | -€49,500 | -37.3% |
| Financial fixed assets | 28 | €7,509 | €7,509 | = | 0.0% |
| Current assets | 29/58 | €753,702 | €762,632 | +€8,930 | +1.2% |
| Amounts receivable within one year | 40/41 | €674,232 | €733,453 | +€59,221 | +8.8% |
| Trade receivables | 40 | €617,413 | €724,292 | +€106,879 | +17.3% |
| Other amounts receivable | 41 | €56,819 | €9,162 | -€47,658 | -83.9% |
| Cash at bank and in hand | 54/58 | €70,841 | €23,135 | -€47,706 | -67.3% |
| Deferred charges and accrued income | 490/1 | €8,629 | €6,044 | -€2,586 | -30.0% |
| Total equity and liabilities | 10/49 | €893,905 | €853,335 | -€40,570 | -4.5% |
| Equity | 10/15 | €680,397 | €682,006 | +€1,608 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570,397 | €572,006 | +€1,608 | +0.3% |
| Amounts payable | 17/49 | €213,508 | €171,329 | -€42,178 | -19.8% |
| Amounts payable within one year | 42/48 | €213,508 | €171,329 | -€42,178 | -19.8% |
| Trade debts | 44 | €17,951 | €19,208 | +€1,258 | +7.0% |
| Suppliers | 440/4 | €17,951 | €19,208 | +€1,258 | +7.0% |
| Taxes, remuneration and social security | 45 | €195,557 | €152,121 | -€43,436 | -22.2% |
| Taxes | 450/3 | €1,450 | €2,050 | +€600 | +41.4% |
| Remuneration and social security | 454/9 | €194,107 | €150,071 | -€44,036 | -22.7% |
| Non-recurring operating income | 76A | €6,233 | - | -€6,233 | |
| Remuneration, social security and pensions | 62 | €1,130,090 | €1,078,941 | -€51,149 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,764 | €49,500 | +€736 | +1.5% |
| Other operating charges | 640/8 | €3,879 | €4,074 | +€195 | +5.0% |
| Gross operating margin | 9900 | €1,200,684 | €1,146,843 | -€53,841 | -4.5% |
| Operating profit (loss) | 9901 | €17,951 | €14,329 | -€3,622 | -20.2% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €523 | €515 | -€8 | -1.5% |
| Recurring financial charges | 65 | €523 | €515 | -€8 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €17,434 | €13,814 | -€3,621 | -20.8% |
| Income taxes | 67/77 | €12,097 | €12,205 | +€108 | +0.9% |
| Profit (loss) for the period | 9904 | €5,337 | €1,608 | -€3,729 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,337 | €1,608 | -€3,729 | -69.9% |
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 28 October 2026 via checked.be.