INTERNOS: 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.
INTERNOS
Largest movements
- Tangible fixed assets +€106,492
up €106,492 (+5.1%), from €2.1m to €2.2m
of which Plant, machinery and equipment: +€108,077
- Cash +€28,829
up €28,829 (+56.4%), from €51,135 to €79,964
mainly Net result for the year (+€86,940) and Debts after one year (+€76,351)
- Debts after one year +€76,351
up €76,351 (+26.2%), from €291,714 to €368,065
- Profit (loss) carried forward +€36,940
up €36,940 (+13.3%), from €276,929 to €313,869
- Staff costs -€61,156
down €61,156 (-31.8%), from €192,522 to €131,366
- Gross operating margin -€19,511
down €19,511 (-5.6%), from €350,080 to €330,569
- Depreciation +€12,111
up €12,111 (+19.9%), from €60,936 to €73,047
- Financial charges +€5,690
up €5,690 (+50.2%), from €11,325 to €17,015
- Taxes +€3,934
up €3,934 (+60.8%), from €6,472 to €10,406
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 | €2,575,889 | €2,712,800 | +€136,911 | +5.3% |
| Fixed assets | 21/28 | €2,105,308 | €2,211,799 | +€106,492 | +5.1% |
| Tangible fixed assets | 22/27 | €2,105,308 | €2,211,799 | +€106,492 | +5.1% |
| Land and buildings | 22 | €1,772,282 | €1,774,094 | +€1,812 | +0.1% |
| Plant, machinery and equipment | 23 | €311,503 | €419,579 | +€108,077 | +34.7% |
| Furniture and vehicles | 24 | €21,523 | €18,126 | -€3,397 | -15.8% |
| Current assets | 29/58 | €470,582 | €501,001 | +€30,419 | +6.5% |
| Stocks and contracts in progress | 3 | €6,728 | €6,985 | +€257 | +3.8% |
| Stocks | 30/36 | €6,728 | €6,985 | +€257 | +3.8% |
| Amounts receivable within one year | 40/41 | €409,493 | €414,052 | +€4,559 | +1.1% |
| Trade receivables | 40 | €5,499 | €13,982 | +€8,483 | +154% |
| Other amounts receivable | 41 | €403,994 | €400,070 | -€3,924 | -1.0% |
| Cash at bank and in hand | 54/58 | €51,135 | €79,964 | +€28,829 | +56.4% |
| Deferred charges and accrued income | 490/1 | €3,226 | - | -€3,226 | |
| Total equity and liabilities | 10/49 | €2,575,889 | €2,712,800 | +€136,911 | +5.3% |
| Equity | 10/15 | €2,137,150 | €2,174,091 | +€36,940 | +1.7% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,519,222 | €1,519,222 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,929 | €313,869 | +€36,940 | +13.3% |
| Amounts payable | 17/49 | €438,739 | €538,709 | +€99,970 | +22.8% |
| Amounts payable after more than one year | 17 | €291,714 | €368,065 | +€76,351 | +26.2% |
| Financial debts | 170/4 | €291,714 | €368,065 | +€76,351 | +26.2% |
| Amounts payable within one year | 42/48 | €144,525 | €168,144 | +€23,619 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €56,720 | €66,117 | +€9,397 | +16.6% |
| Financial debts | 43 | - | €6,730 | +€6,730 | |
| Credit institutions | 430/8 | - | €6,730 | +€6,730 | |
| Trade debts | 44 | €14,375 | €32,383 | +€18,008 | +125% |
| Suppliers | 440/4 | €14,375 | €32,383 | +€18,008 | +125% |
| Taxes, remuneration and social security | 45 | €23,430 | €12,914 | -€10,516 | -44.9% |
| Taxes | 450/3 | €5,922 | - | -€5,922 | |
| Remuneration and social security | 454/9 | €17,508 | €12,914 | -€4,594 | -26.2% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €192,522 | €131,366 | -€61,156 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,936 | €73,047 | +€12,111 | +19.9% |
| Other operating charges | 640/8 | €20,549 | €20,984 | +€435 | +2.1% |
| Gross operating margin | 9900 | €350,080 | €330,569 | -€19,511 | -5.6% |
| Operating profit (loss) | 9901 | €76,073 | €105,173 | +€29,099 | +38.3% |
| Financial income | 75/76B | €8,827 | €9,188 | +€361 | +4.1% |
| Recurring financial income | 75 | €8,827 | €9,188 | +€361 | +4.1% |
| Financial charges | 65/66B | €11,325 | €17,015 | +€5,690 | +50.2% |
| Recurring financial charges | 65 | €11,325 | €17,015 | +€5,690 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €73,575 | €97,346 | +€23,771 | +32.3% |
| Income taxes | 67/77 | €6,472 | €10,406 | +€3,934 | +60.8% |
| Profit (loss) for the period | 9904 | €67,103 | €86,940 | +€19,837 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,103 | €86,940 | +€19,837 | +29.6% |
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 15 October 2026 via checked.be.