INTERNOS: 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.
INTERNOS
Largest movements
- Tangible fixed assets +€280,650
up €280,650 (+11.2%), from €2.5m to €2.8m
of which Land and buildings: +€287,846
- Cash -€114,788
down €114,788 (-83.7%), from €137,138 to €22,350
mainly Investment in fixed assets (net) (-€393,860) and Net result for the year (-€71,558)
- Debts after one year +€265,445
up €265,445 (+32.0%), from €830,741 to €1.1m
- Reserves -€71,558
down €71,558 (-64.2%), from €111,511 to €39,952
of which Distributable reserves: -€71,558
- Gross operating margin -€41,700
down €41,700 (-34.1%), from €122,114 to €80,414
- Depreciation +€8,564
up €8,564 (+8.2%), from €104,646 to €113,210
- Other operating charges +€1,464
up €1,464 (+116.6%), from €1,255 to €2,719
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,044,943 | €3,219,924 | +€174,981 | +5.7% |
| Fixed assets | 21/28 | €2,502,409 | €2,783,060 | +€280,650 | +11.2% |
| Tangible fixed assets | 22/27 | €2,502,409 | €2,783,060 | +€280,650 | +11.2% |
| Land and buildings | 22 | €2,434,003 | €2,721,850 | +€287,846 | +11.8% |
| Furniture and vehicles | 24 | €45,406 | €38,210 | -€7,196 | -15.8% |
| Other tangible fixed assets | 26 | €23,000 | €23,000 | = | 0.0% |
| Current assets | 29/58 | €542,534 | €436,864 | -€105,670 | -19.5% |
| Amounts receivable within one year | 40/41 | €398,712 | €403,622 | +€4,910 | +1.2% |
| Trade receivables | 40 | €25,032 | €26,832 | +€1,800 | +7.2% |
| Other amounts receivable | 41 | €373,681 | €376,791 | +€3,110 | +0.8% |
| Cash at bank and in hand | 54/58 | €137,138 | €22,350 | -€114,788 | -83.7% |
| Deferred charges and accrued income | 490/1 | €6,683 | €10,891 | +€4,208 | +63.0% |
| Total equity and liabilities | 10/49 | €3,044,943 | €3,219,924 | +€174,981 | +5.7% |
| Equity | 10/15 | €2,114,011 | €2,042,452 | -€71,558 | -3.4% |
| Contributions | 10/11 | €2,002,500 | €2,002,500 | = | 0.0% |
| Reserves | 13 | €111,511 | €39,952 | -€71,558 | -64.2% |
| Non-distributable reserves | 130/1 | €27,401 | €27,401 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,401 | €27,401 | = | 0.0% |
| Distributable reserves | 133 | €84,110 | €12,551 | -€71,558 | -85.1% |
| Amounts payable | 17/49 | €930,933 | €1,177,471 | +€246,539 | +26.5% |
| Amounts payable after more than one year | 17 | €830,741 | €1,096,186 | +€265,445 | +32.0% |
| Financial debts | 170/4 | €830,741 | €1,096,186 | +€265,445 | +32.0% |
| Amounts payable within one year | 42/48 | €96,980 | €81,285 | -€15,695 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €89,373 | €77,799 | -€11,574 | -13.0% |
| Trade debts | 44 | €6,740 | €3,299 | -€3,441 | -51.1% |
| Suppliers | 440/4 | €6,740 | €3,299 | -€3,441 | -51.1% |
| Taxes, remuneration and social security | 45 | €867 | €187 | -€679 | -78.4% |
| Taxes | 450/3 | €867 | €187 | -€679 | -78.4% |
| Accrued charges and deferred income | 492/3 | €3,211 | €0 | -€3,211 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,646 | €113,210 | +€8,564 | +8.2% |
| Other operating charges | 640/8 | €1,255 | €2,719 | +€1,464 | +116.6% |
| Gross operating margin | 9900 | €122,114 | €80,414 | -€41,700 | -34.1% |
| Operating profit (loss) | 9901 | €16,213 | -€35,515 | -€51,727 | |
| Financial income | 75/76B | €2,698 | €2,415 | -€283 | -10.5% |
| Recurring financial income | 75 | €2,698 | €2,415 | -€283 | -10.5% |
| Financial charges | 65/66B | €37,353 | €38,459 | +€1,106 | +3.0% |
| Recurring financial charges | 65 | €37,353 | €38,459 | +€1,106 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,442 | -€71,558 | -€53,116 | -288.0% |
| Profit (loss) for the period | 9904 | -€18,442 | -€71,558 | -€53,116 | -288.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,442 | -€71,558 | -€53,116 | -288.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.