INTERIOR SCANDINAVIAN PROJECTS: 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.
What changed
INTERIOR SCANDINAVIAN PROJECTS
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,560
2024 · -€63,504+€21,945
Equity
€1.3m
2024 · €1.3m-€41,560
Cash
€27,744
2024 · €23,844+€3,899
Balance sheet total
€1.3m
2024 · €1.4m-€46,888
Largest movements
Assets
- Tangible fixed assets -€42,345
down €42,345 (-3.5%), from €1.2m to €1.2m
of which Land and buildings: -€42,040
Equity and liabilities
- Profit (loss) carried forward -€41,560
down €41,560 (-14.0%), from -€296,463 to -€338,022
Income statement
- Gross operating margin +€22,531
up €22,531, from -€5,631 to €16,900
- Other operating charges +€690
up €690 (+4.7%), from €14,838 to €15,528
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
-€63,504
Gross operating margin
+€22,531
Other operating charges
-€690
Financial income
+€42
Financial charges
+€37
Taxes
+€24
Result 2025
-€41,560
raises the resultlowers the result
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.
From operations
+€3,899
Investment
€0
Financing
€0
Cash 2024
€23,844
From operations (derived)
+€3,899
Net result for the year
-€41,560
Depreciation
+€42,345
Stocks and contracts
+€2,378
Receivables within one year
+€6,075
Smaller working-capital items
-€62
Trade debts
-€633
Tax, wage and social debts
-€947
Other debts
-€3,698
Cash 2025
€27,744
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,440 | €1,333,552 | -€46,888 | -3.4% |
| Fixed assets | 21/28 | €1,200,179 | €1,157,834 | -€42,345 | -3.5% |
| Tangible fixed assets | 22/27 | €1,200,044 | €1,157,699 | -€42,345 | -3.5% |
| Land and buildings | 22 | €1,199,699 | €1,157,660 | -€42,040 | -3.5% |
| Plant, machinery and equipment | 23 | €344 | €39 | -€305 | -88.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €180,261 | €175,719 | -€4,543 | -2.5% |
| Stocks and contracts in progress | 3 | €134,997 | €132,619 | -€2,378 | -1.8% |
| Stocks | 30/36 | €134,997 | €132,619 | -€2,378 | -1.8% |
| Amounts receivable within one year | 40/41 | €20,088 | €14,013 | -€6,075 | -30.2% |
| Trade receivables | 40 | €20,088 | €14,013 | -€6,075 | -30.2% |
| Cash at bank and in hand | 54/58 | €23,844 | €27,744 | +€3,899 | +16.4% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,343 | +€11 | +0.8% |
| Total equity and liabilities | 10/49 | €1,380,440 | €1,333,552 | -€46,888 | -3.4% |
| Equity | 10/15 | €1,322,517 | €1,280,958 | -€41,560 | -3.1% |
| Contributions | 10/11 | €1,601,263 | €1,601,263 | = | 0.0% |
| Capital | 10 | €1,601,263 | €1,601,263 | = | 0.0% |
| Issued capital | 100 | €1,601,263 | €1,601,263 | = | 0.0% |
| Reserves | 13 | €17,716 | €17,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,126 | €14,126 | = | 0.0% |
| Legal reserve | 130 | €14,126 | €14,126 | = | 0.0% |
| Tax-exempt reserves | 132 | €259 | €259 | = | 0.0% |
| Distributable reserves | 133 | €3,331 | €3,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,463 | -€338,022 | -€41,560 | -14.0% |
| Amounts payable | 17/49 | €57,923 | €52,595 | -€5,328 | -9.2% |
| Amounts payable within one year | 42/48 | €57,873 | €52,595 | -€5,278 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,218 | €20,585 | -€633 | -3.0% |
| Suppliers | 440/4 | €21,218 | €20,585 | -€633 | -3.0% |
| Taxes, remuneration and social security | 45 | €2,060 | €1,113 | -€947 | -46.0% |
| Taxes | 450/3 | €2,060 | €1,113 | -€947 | -46.0% |
| Other amounts payable | 47/48 | €34,595 | €30,897 | -€3,698 | -10.7% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,345 | €42,345 | = | 0.0% |
| Other operating charges | 640/8 | €14,838 | €15,528 | +€690 | +4.7% |
| Gross operating margin | 9900 | -€5,631 | €16,900 | +€22,531 | |
| Operating profit (loss) | 9901 | -€62,814 | -€40,973 | +€21,841 | +34.8% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €597 | €559 | -€37 | -6.3% |
| Recurring financial charges | 65 | €597 | €559 | -€37 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,411 | -€41,491 | +€21,920 | +34.6% |
| Income taxes | 67/77 | €93 | €69 | -€24 | -26.1% |
| Profit (loss) for the period | 9904 | -€63,504 | -€41,560 | +€21,945 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,504 | -€41,560 | +€21,945 | +34.6% |
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.