Interlabel: 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.
Interlabel
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+875.5%), from €228,685 to €2.2m
of which Plant, machinery and equipment: +€2.0m
- Receivables within one year -€686,911
down €686,911 (-23.8%), from €2.9m to €2.2m
of which Other amounts receivable: -€396,715
- Cash +€558,933
up €558,933 (+71.9%), from €777,008 to €1.3m
mainly Net result for the year (+€1.2m) and Receivables within one year (+€686,911)
- Stocks and contracts -€104,387
down €104,387 (-7.5%), from €1.4m to €1.3m
- Reserves +€1.2m
up €1.2m (+38.9%), from €3.0m to €4.2m
of which Distributable reserves: +€603,398
- Debts after one year +€652,973
new in 2024: €652,973
- Short-term financial debts -€450,000
no longer reported in 2024 (was €450,000)
- Trade debts +€310,571
up €310,571 (+32.0%), from €971,763 to €1.3m
- Provisions +€193,365
new in 2024: €193,365
- Gross operating margin +€791,768
up €791,768 (+21.8%), from €3.6m to €4.4m
- Depreciation +€65,915
up €65,915 (+47.7%), from €138,075 to €203,990
- Taxes -€60,208
down €60,208 (-21.8%), from €275,909 to €215,701
- Staff costs -€54,424
down €54,424 (-2.0%), from €2.7m to €2.6m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,305,597 | €7,059,195 | +€1.8m | +33.1% |
| Fixed assets | 21/28 | €236,786 | €2,234,199 | +€2.0m | +843.6% |
| Intangible fixed assets | 21 | €8,100 | €3,295 | -€4,806 | -59.3% |
| Tangible fixed assets | 22/27 | €228,685 | €2,230,904 | +€2.0m | +875.5% |
| Plant, machinery and equipment | 23 | €114,717 | €2,081,546 | +€2.0m | +1714.5% |
| Furniture and vehicles | 24 | €80,616 | €137,353 | +€56,738 | +70.4% |
| Other tangible fixed assets | 26 | €33,352 | €12,005 | -€21,348 | -64.0% |
| Current assets | 29/58 | €5,068,812 | €4,824,996 | -€243,815 | -4.8% |
| Stocks and contracts in progress | 3 | €1,390,981 | €1,286,594 | -€104,387 | -7.5% |
| Stocks | 30/36 | €1,390,981 | €1,286,594 | -€104,387 | -7.5% |
| Amounts receivable within one year | 40/41 | €2,881,738 | €2,194,826 | -€686,911 | -23.8% |
| Trade receivables | 40 | €1,809,305 | €1,519,109 | -€290,196 | -16.0% |
| Other amounts receivable | 41 | €1,072,433 | €675,718 | -€396,715 | -37.0% |
| Cash at bank and in hand | 54/58 | €777,008 | €1,335,941 | +€558,933 | +71.9% |
| Deferred charges and accrued income | 490/1 | €19,085 | €7,635 | -€11,450 | -60.0% |
| Total equity and liabilities | 10/49 | €5,305,597 | €7,059,195 | +€1.8m | +33.1% |
| Equity | 10/15 | €3,168,885 | €4,352,377 | +€1.2m | +37.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €3,044,885 | €4,228,377 | +€1.2m | +38.9% |
| Non-distributable reserves | 130/1 | €28,208 | €28,208 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Other | 1319 | €15,808 | €15,808 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,764 | €656,858 | +€580,094 | +755.7% |
| Distributable reserves | 133 | €2,939,914 | €3,543,311 | +€603,398 | +20.5% |
| Provisions and deferred taxes | 16 | - | €193,365 | +€193,365 | |
| Deferred taxes | 168 | - | €193,365 | +€193,365 | |
| Amounts payable | 17/49 | €2,136,712 | €2,513,453 | +€376,742 | +17.6% |
| Amounts payable after more than one year | 17 | - | €652,973 | +€652,973 | |
| Financial debts | 170/4 | - | €652,973 | +€652,973 | |
| Amounts payable within one year | 42/48 | €2,126,735 | €1,858,212 | -€268,524 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €20,643 | - | -€20,643 | |
| Financial debts | 43 | €450,000 | - | -€450,000 | |
| Credit institutions | 430/8 | €450,000 | - | -€450,000 | |
| Trade debts | 44 | €971,763 | €1,282,334 | +€310,571 | +32.0% |
| Suppliers | 440/4 | €971,763 | €1,282,334 | +€310,571 | +32.0% |
| Taxes, remuneration and social security | 45 | €684,329 | €575,878 | -€108,452 | -15.8% |
| Taxes | 450/3 | €333,527 | €279,713 | -€53,814 | -16.1% |
| Remuneration and social security | 454/9 | €350,802 | €296,165 | -€54,637 | -15.6% |
| Accrued charges and deferred income | 492/3 | €9,976 | €2,268 | -€7,708 | -77.3% |
| Non-recurring operating income | 76A | €452 | €800,000 | +€799,548 | +176699.5% |
| Remuneration, social security and pensions | 62 | €2,668,529 | €2,614,105 | -€54,424 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,075 | €203,990 | +€65,915 | +47.7% |
| Other operating charges | 640/8 | €10,764 | €6,850 | -€3,914 | -36.4% |
| Gross operating margin | 9900 | €3,628,471 | €4,420,240 | +€791,768 | +21.8% |
| Operating profit (loss) | 9901 | €811,103 | €1,595,294 | +€784,191 | +96.7% |
| Financial income | 75/76B | €25,069 | €14,371 | -€10,698 | -42.7% |
| Recurring financial income | 75 | €25,069 | €14,371 | -€10,698 | -42.7% |
| Financial charges | 65/66B | €52,266 | €17,108 | -€35,158 | -67.3% |
| Recurring financial charges | 65 | €52,266 | €17,108 | -€35,158 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €783,906 | €1,592,557 | +€808,651 | +103.2% |
| Transfer from deferred taxes | 780 | - | €6,635 | +€6,635 | |
| Transfer to deferred taxes | 680 | - | €200,000 | +€200,000 | |
| Income taxes | 67/77 | €275,909 | €215,701 | -€60,208 | -21.8% |
| Profit (loss) for the period | 9904 | €507,998 | €1,183,491 | +€675,494 | +133.0% |
| Transfer from tax-exempt reserves | 789 | - | €19,906 | +€19,906 | |
| Transfer to tax-exempt reserves | 689 | - | €600,000 | +€600,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €507,998 | €603,398 | +€95,400 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.