INTERLIJMWERKEN: 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.
INTERLIJMWERKEN
Largest movements
- Receivables within one year +€140,688
up €140,688 (+31.6%), from €445,269 to €585,957
of which Other amounts receivable: +€204,475
- Tangible fixed assets +€58,146
up €58,146 (+4.9%), from €1.2m to €1.2m
of which Land and buildings: +€103,715
- Cash +€40,940
up €40,940 (+276%), from €14,860 to €55,800
mainly Depreciation (+€117,311) and Net result for the year (+€81,880)
- Profit (loss) carried forward +€81,880
up €81,880 (+20.9%), from €391,038 to €472,918
- Short-term financial debts +€64,622
up €64,622 (+258%), from €25,000 to €89,622
- Debts after one year +€56,409
up €56,409 (+13.6%), from €416,169 to €472,578
- Current portion of long-term debt +€45,942
up €45,942 (+63.3%), from €72,545 to €118,487
- Other debts -€26,068
down €26,068 (-18.6%), from €140,382 to €114,314
- Gross operating margin -€42,002
down €42,002 (-12.7%), from €331,363 to €289,361
- Financial income +€13,396
up €13,396 (+797%), from €1,680 to €15,076
- Taxes -€12,653
down €12,653 (-26.2%), from €48,239 to €35,586
- Write-downs +€10,257
up €10,257 (+4,328%), from €237 to €10,494
- Financial charges -€3,929
down €3,929 (-7.0%), from €55,886 to €51,957
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,659,506 | €1,903,080 | +€243,574 | +14.7% |
| Fixed assets | 21/28 | €1,199,377 | €1,258,523 | +€59,146 | +4.9% |
| Tangible fixed assets | 22/27 | €1,190,391 | €1,248,537 | +€58,146 | +4.9% |
| Land and buildings | 22 | €917,540 | €1,021,255 | +€103,715 | +11.3% |
| Plant, machinery and equipment | 23 | €110,717 | €84,559 | -€26,158 | -23.6% |
| Furniture and vehicles | 24 | €79,935 | €84,225 | +€4,290 | +5.4% |
| Leasing and similar rights | 25 | €82,199 | €58,498 | -€23,701 | -28.8% |
| Financial fixed assets | 28 | €8,986 | €9,986 | +€1,000 | +11.1% |
| Current assets | 29/58 | €460,129 | €644,557 | +€184,428 | +40.1% |
| Amounts receivable within one year | 40/41 | €445,269 | €585,957 | +€140,688 | +31.6% |
| Trade receivables | 40 | €311,076 | €247,289 | -€63,787 | -20.5% |
| Other amounts receivable | 41 | €134,193 | €338,668 | +€204,475 | +152% |
| Cash at bank and in hand | 54/58 | €14,860 | €55,800 | +€40,940 | +276% |
| Deferred charges and accrued income | 490/1 | - | €2,800 | +€2,800 | |
| Total equity and liabilities | 10/49 | €1,659,506 | €1,903,080 | +€243,574 | +14.7% |
| Equity | 10/15 | €930,490 | €1,012,370 | +€81,880 | +8.8% |
| Contributions | 10/11 | €65,987 | €65,987 | = | 0.0% |
| Capital | 10 | €65,987 | €65,987 | = | 0.0% |
| Issued capital | 100 | €65,987 | €65,987 | = | 0.0% |
| Reserves | 13 | €473,465 | €473,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,599 | €6,599 | = | 0.0% |
| Legal reserve | 130 | €6,599 | €6,599 | = | 0.0% |
| Distributable reserves | 133 | €466,866 | €466,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €391,038 | €472,918 | +€81,880 | +20.9% |
| Amounts payable | 17/49 | €729,016 | €890,710 | +€161,694 | +22.2% |
| Amounts payable after more than one year | 17 | €416,169 | €472,578 | +€56,409 | +13.6% |
| Financial debts | 170/4 | €416,169 | €472,578 | +€56,409 | +13.6% |
| Amounts payable within one year | 42/48 | €312,847 | €418,132 | +€105,285 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €72,545 | €118,487 | +€45,942 | +63.3% |
| Financial debts | 43 | €25,000 | €89,622 | +€64,622 | +258% |
| Credit institutions | 430/8 | €25,000 | €89,622 | +€64,622 | +258% |
| Trade debts | 44 | €15,124 | €21,734 | +€6,610 | +43.7% |
| Suppliers | 440/4 | €15,124 | €21,734 | +€6,610 | +43.7% |
| Taxes, remuneration and social security | 45 | €59,796 | €73,975 | +€14,179 | +23.7% |
| Taxes | 450/3 | €59,796 | €73,975 | +€14,179 | +23.7% |
| Other amounts payable | 47/48 | €140,382 | €114,314 | -€26,068 | -18.6% |
| Non-recurring operating income | 76A | €10,693 | €18,406 | +€7,713 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,465 | €117,311 | +€2,846 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €237 | €10,494 | +€10,257 | +4,328% |
| Other operating charges | 640/8 | €8,273 | €7,209 | -€1,064 | -12.9% |
| Non-recurring operating charges | 66A | €437 | - | -€437 | |
| Gross operating margin | 9900 | €331,363 | €289,361 | -€42,002 | -12.7% |
| Operating profit (loss) | 9901 | €207,951 | €154,347 | -€53,604 | -25.8% |
| Financial income | 75/76B | €1,680 | €15,076 | +€13,396 | +797% |
| Recurring financial income | 75 | €1,680 | €15,076 | +€13,396 | +797% |
| Financial charges | 65/66B | €55,886 | €51,957 | -€3,929 | -7.0% |
| Recurring financial charges | 65 | €55,886 | €51,957 | -€3,929 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €153,745 | €117,466 | -€36,279 | -23.6% |
| Income taxes | 67/77 | €48,239 | €35,586 | -€12,653 | -26.2% |
| Profit (loss) for the period | 9904 | €105,506 | €81,880 | -€23,626 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,506 | €81,880 | -€23,626 | -22.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.