INTERHOLZ A.G.: 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.
What changed
INTERHOLZ A.G.
NACE 16.110, Sawmilling and planing of wood
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€59,398
2024 · €150,309-€90,911
Equity
€1.1m
2024 · €1.1m+€59,086
Cash
€179,176
2024 · €153,504+€25,672
Balance sheet total
€2.9m
2024 · €2.2m+€767,194
Largest movements
Assets
- Tangible fixed assets +€615,526
up €615,526 (+84.1%), from €732,243 to €1.3m
of which Leasing and similar rights: +€465,335
- Stocks and contracts +€111,400
up €111,400 (+15.7%), from €709,500 to €820,900
Equity and liabilities
- Debts after one year +€382,505
up €382,505 (+107.8%), from €354,896 to €737,401
of which Financial debts: +€382,505
- Current portion of long-term debt +€175,695
up €175,695 (+160.1%), from €109,725 to €285,420
- Trade debts +€131,668
up €131,668 (+35.9%), from €367,187 to €498,854
- Reserves +€57,500
up €57,500 (+13.9%), from €412,265 to €469,765
of which Distributable reserves: +€57,500
Income statement
- Depreciation +€104,070
up €104,070 (+55.3%), from €188,169 to €292,239
- Financial income -€51,711
down €51,711 (-93.9%), from €55,075 to €3,363
of which Non-recurring financial income: -€51,767
- Taxes -€45,946
down €45,946 (-83.1%), from €55,267 to €9,321
- Gross operating margin +€24,868
up €24,868 (+3.8%), from €655,732 to €680,601
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.
Result 2024
€150,309
Gross operating margin
+€24,868
Staff costs
-€2,811
Depreciation
-€104,070
Other operating charges
+€2,636
Financial income
-€51,711
Financial charges
-€5,768
Taxes
+€45,946
Result 2025
€59,398
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.
From operations
+€375,514
Investment
-€907,730
Financing
+€557,889
Cash 2024
€153,504
From operations (derived)
+€375,514
Net result for the year
+€59,398
Depreciation
+€292,239
Stocks and contracts
-€111,400
Receivables within one year
-€8,255
Deferred charges and accrued income
-€6,375
Trade debts
+€131,668
Tax, wage and social debts
+€17,464
Smaller working-capital items
-€1,783
Other debts
+€2,558
Investment (derived)
-€907,730
Investment in fixed assets (net)
-€907,730
Financing
+€557,889
Debts after one year
+€382,505
Current portion of long-term debt
+€175,695
Contributions, distributions and other
-€312
Cash 2025
€179,176
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,152,876 | €2,920,069 | +€767,194 | +35.6% |
| Fixed assets | 21/28 | €1,111,453 | €1,726,944 | +€615,491 | +55.4% |
| Tangible fixed assets | 22/27 | €732,243 | €1,347,769 | +€615,526 | +84.1% |
| Land and buildings | 22 | €155,106 | €170,568 | +€15,462 | +10.0% |
| Plant, machinery and equipment | 23 | €67,168 | €87,540 | +€20,372 | +30.3% |
| Furniture and vehicles | 24 | €384,986 | €499,343 | +€114,357 | +29.7% |
| Leasing and similar rights | 25 | €124,983 | €590,318 | +€465,335 | +372.3% |
| Financial fixed assets | 28 | €379,211 | €379,176 | -€35 | 0.0% |
| Current assets | 29/58 | €1,041,423 | €1,193,125 | +€151,703 | +14.6% |
| Stocks and contracts in progress | 3 | €709,500 | €820,900 | +€111,400 | +15.7% |
| Stocks | 30/36 | €709,500 | €820,900 | +€111,400 | +15.7% |
| Amounts receivable within one year | 40/41 | €154,596 | €162,851 | +€8,255 | +5.3% |
| Trade receivables | 40 | €123,045 | €134,409 | +€11,365 | +9.2% |
| Other amounts receivable | 41 | €31,552 | €28,442 | -€3,110 | -9.9% |
| Cash at bank and in hand | 54/58 | €153,504 | €179,176 | +€25,672 | +16.7% |
| Deferred charges and accrued income | 490/1 | €23,823 | €30,198 | +€6,375 | +26.8% |
| Total equity and liabilities | 10/49 | €2,152,876 | €2,920,069 | +€767,194 | +35.6% |
| Equity | 10/15 | €1,052,158 | €1,111,244 | +€59,086 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €412,265 | €469,765 | +€57,500 | +13.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €381,276 | €438,776 | +€57,500 | +15.1% |
| Profit (loss) carried forward | 14 | €576,732 | €578,630 | +€1,898 | +0.3% |
| Investment grants | 15 | €1,161 | €849 | -€312 | -26.9% |
| Amounts payable | 17/49 | €1,100,718 | €1,808,825 | +€708,107 | +64.3% |
| Amounts payable after more than one year | 17 | €354,896 | €737,401 | +€382,505 | +107.8% |
| Financial debts | 170/4 | €146,979 | €529,484 | +€382,505 | +260.2% |
| Other amounts payable | 178/9 | €207,917 | €207,917 | = | 0.0% |
| Amounts payable within one year | 42/48 | €744,329 | €1,070,657 | +€326,328 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €109,725 | €285,420 | +€175,695 | +160.1% |
| Financial debts | 43 | €170,000 | €170,000 | = | 0.0% |
| Other loans | 439 | €170,000 | €170,000 | = | 0.0% |
| Trade debts | 44 | €367,187 | €498,854 | +€131,668 | +35.9% |
| Suppliers | 440/4 | €367,187 | €498,854 | +€131,668 | +35.9% |
| Advances received on contracts in progress | 46 | €1,057 | - | -€1,057 | |
| Taxes, remuneration and social security | 45 | €93,007 | €110,471 | +€17,464 | +18.8% |
| Taxes | 450/3 | €64,132 | €77,369 | +€13,237 | +20.6% |
| Remuneration and social security | 454/9 | €28,875 | €33,102 | +€4,227 | +14.6% |
| Other amounts payable | 47/48 | €3,354 | €5,912 | +€2,558 | +76.3% |
| Accrued charges and deferred income | 492/3 | €1,493 | €767 | -€726 | -48.6% |
| Non-recurring operating income | 76A | - | €72,933 | +€72,933 | |
| Remuneration, social security and pensions | 62 | €248,099 | €250,910 | +€2,811 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,169 | €292,239 | +€104,070 | +55.3% |
| Other operating charges | 640/8 | €20,512 | €17,877 | -€2,636 | -12.8% |
| Gross operating margin | 9900 | €655,732 | €680,601 | +€24,868 | +3.8% |
| Operating profit (loss) | 9901 | €198,951 | €119,574 | -€79,378 | -39.9% |
| Financial income | 75/76B | €55,075 | €3,363 | -€51,711 | -93.9% |
| Recurring financial income | 75 | €3,307 | €3,363 | +€56 | +1.7% |
| Non-recurring financial income | 76B | €51,767 | - | -€51,767 | |
| Financial charges | 65/66B | €48,450 | €54,218 | +€5,768 | +11.9% |
| Recurring financial charges | 65 | €48,450 | €54,218 | +€5,768 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €205,576 | €68,719 | -€136,857 | -66.6% |
| Income taxes | 67/77 | €55,267 | €9,321 | -€45,946 | -83.1% |
| Profit (loss) for the period | 9904 | €150,309 | €59,398 | -€90,911 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €150,309 | €59,398 | -€90,911 | -60.5% |
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 8 October 2026 via checked.be.