INTERPOLAR: 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.
INTERPOLAR
Largest movements
- Receivables within one year -€18,417
down €18,417 (-36.2%), from €50,843 to €32,426
of which Trade receivables: -€21,139
- Cash -€9,263
down €9,263 (-62.2%), from €14,886 to €5,623
mainly Net result for the year (-€25,117) and Contributions, distributions and other (-€8,180)
- Tangible fixed assets -€8,331
down €8,331 (-20.6%), from €40,426 to €32,095
- Intangible fixed assets -€7,425
down €7,425 (-50.0%), from €14,849 to €7,425
- Reserves -€28,200
down €28,200 (-40.3%), from €70,010 to €41,810
- Trade debts -€5,827
down €5,827 (-23.5%), from €24,824 to €18,996
- Profit (loss) carried forward -€5,097
down €5,097, from €0 to -€5,097
- Tax, wage and social debts -€4,231
down €4,231 (-52.1%), from €8,126 to €3,896
- Debts after one year -€4,215
down €4,215 (-24.3%), from €17,335 to €13,120
- Gross operating margin -€45,198
down €45,198 (-78.0%), from €57,953 to €12,755
- Write-downs +€16,574
new in 2025: €16,574
- Taxes -€15,760
down €15,760 (-99.1%), from €15,901 to €141
- Depreciation +€7,102
up €7,102 (+82.1%), from €8,654 to €15,756
- Financial charges +€1,541
up €1,541 (+51.3%), from €3,003 to €4,544
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 | €147,406 | €102,473 | -€44,934 | -30.5% |
| Fixed assets | 21/28 | €55,355 | €39,600 | -€15,756 | -28.5% |
| Intangible fixed assets | 21 | €14,849 | €7,425 | -€7,425 | -50.0% |
| Tangible fixed assets | 22/27 | €40,426 | €32,095 | -€8,331 | -20.6% |
| Furniture and vehicles | 24 | €40,426 | €32,095 | -€8,331 | -20.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €92,051 | €62,873 | -€29,178 | -31.7% |
| Amounts receivable after more than one year | 29 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 291 | €1,000 | €0 | -€1,000 | -100% |
| Stocks and contracts in progress | 3 | €17,167 | €17,492 | +€325 | +1.9% |
| Stocks | 30/36 | €17,167 | €17,492 | +€325 | +1.9% |
| Amounts receivable within one year | 40/41 | €50,843 | €32,426 | -€18,417 | -36.2% |
| Trade receivables | 40 | €49,706 | €28,567 | -€21,139 | -42.5% |
| Other amounts receivable | 41 | €1,138 | €3,859 | +€2,722 | +239% |
| Cash at bank and in hand | 54/58 | €14,886 | €5,623 | -€9,263 | -62.2% |
| Deferred charges and accrued income | 490/1 | €8,155 | €7,331 | -€823 | -10.1% |
| Total equity and liabilities | 10/49 | €147,406 | €102,473 | -€44,934 | -30.5% |
| Equity | 10/15 | €82,410 | €49,113 | -€33,297 | -40.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,010 | €41,810 | -€28,200 | -40.3% |
| Distributable reserves | 133 | €70,010 | €41,810 | -€28,200 | -40.3% |
| Profit (loss) carried forward | 14 | €0 | -€5,097 | -€5,097 | |
| Amounts payable | 17/49 | €64,996 | €53,359 | -€11,637 | -17.9% |
| Amounts payable after more than one year | 17 | €17,335 | €13,120 | -€4,215 | -24.3% |
| Financial debts | 170/4 | €17,335 | €13,120 | -€4,215 | -24.3% |
| Amounts payable within one year | 42/48 | €47,244 | €40,105 | -€7,140 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,015 | €4,215 | +€200 | +5.0% |
| Financial debts | 43 | €1,721 | €2,156 | +€435 | +25.3% |
| Credit institutions | 430/8 | €1,721 | €2,156 | +€435 | +25.3% |
| Trade debts | 44 | €24,824 | €18,996 | -€5,827 | -23.5% |
| Suppliers | 440/4 | €24,824 | €18,996 | -€5,827 | -23.5% |
| Taxes, remuneration and social security | 45 | €8,126 | €3,896 | -€4,231 | -52.1% |
| Taxes | 450/3 | €8,126 | €3,896 | -€4,231 | -52.1% |
| Other amounts payable | 47/48 | €8,559 | €10,842 | +€2,283 | +26.7% |
| Accrued charges and deferred income | 492/3 | €417 | €135 | -€282 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,654 | €15,756 | +€7,102 | +82.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,574 | +€16,574 | |
| Other operating charges | 640/8 | €1,087 | €1,194 | +€106 | +9.8% |
| Gross operating margin | 9900 | €57,953 | €12,755 | -€45,198 | -78.0% |
| Operating profit (loss) | 9901 | €48,212 | -€20,768 | -€68,980 | |
| Financial income | 75/76B | €101 | €335 | +€234 | +231% |
| Recurring financial income | 75 | €101 | €335 | +€234 | +231% |
| Financial charges | 65/66B | €3,003 | €4,544 | +€1,541 | +51.3% |
| Recurring financial charges | 65 | €3,003 | €4,544 | +€1,541 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €45,310 | -€24,977 | -€70,287 | |
| Income taxes | 67/77 | €15,901 | €141 | -€15,760 | -99.1% |
| Profit (loss) for the period | 9904 | €29,410 | -€25,117 | -€54,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,410 | -€25,117 | -€54,527 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.