INTERSTATION: 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.
INTERSTATION
Largest movements
- Cash -€103,932
down €103,932 (-36.9%), from €281,654 to €177,722
mainly Trade debts (-€111,033) and Contributions, distributions and other (-€22,000)
- Tangible fixed assets -€17,885
down €17,885 (-20.1%), from €89,092 to €71,207
of which Plant, machinery and equipment: -€17,511
- Stocks and contracts -€11,589
down €11,589 (-17.9%), from €64,842 to €53,253
- Intangible fixed assets -€9,070
down €9,070 (-50.0%), from €18,141 to €9,070
- Receivables within one year +€6,413
up €6,413 (+39.5%), from €16,231 to €22,644
of which Other amounts receivable: +€13,794
- Trade debts -€111,033
down €111,033 (-35.7%), from €310,711 to €199,678
- Other debts -€13,751
down €13,751 (-33.3%), from €41,264 to €27,514
- Reserves +€8,251
up €8,251 (+18.6%), from €44,447 to €52,698
of which Distributable reserves: +€8,251
- Debts after one year -€8,015
down €8,015 (-14.7%), from €54,479 to €46,463
of which Financial debts: -€8,015
- Current portion of long-term debt -€7,465
down €7,465 (-48.2%), from €15,480 to €8,015
- Gross operating margin -€56,265
down €56,265 (-37.6%), from €149,555 to €93,290
- Taxes -€11,596
down €11,596 (-65.1%), from €17,802 to €6,206
- Financial charges -€3,235
down €3,235 (-16.6%), from €19,472 to €16,237
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 | €487,999 | €353,005 | -€134,994 | -27.7% |
| Fixed assets | 21/28 | €107,482 | €80,526 | -€26,956 | -25.1% |
| Intangible fixed assets | 21 | €18,141 | €9,070 | -€9,070 | -50.0% |
| Tangible fixed assets | 22/27 | €89,092 | €71,207 | -€17,885 | -20.1% |
| Plant, machinery and equipment | 23 | €84,943 | €67,432 | -€17,511 | -20.6% |
| Furniture and vehicles | 24 | €4,149 | €3,775 | -€374 | -9.0% |
| Financial fixed assets | 28 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €380,517 | €272,479 | -€108,038 | -28.4% |
| Amounts receivable after more than one year | 29 | €7,978 | €7,978 | = | 0.0% |
| Other amounts receivable | 291 | €7,978 | €7,978 | = | 0.0% |
| Stocks and contracts in progress | 3 | €64,842 | €53,253 | -€11,589 | -17.9% |
| Stocks | 30/36 | €64,842 | €53,253 | -€11,589 | -17.9% |
| Amounts receivable within one year | 40/41 | €16,231 | €22,644 | +€6,413 | +39.5% |
| Trade receivables | 40 | €12,065 | €4,684 | -€7,381 | -61.2% |
| Other amounts receivable | 41 | €4,166 | €17,960 | +€13,794 | +331.1% |
| Current investments | 50/53 | €7,709 | €8,908 | +€1,200 | +15.6% |
| Cash at bank and in hand | 54/58 | €281,654 | €177,722 | -€103,932 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,103 | €1,974 | -€129 | -6.1% |
| Total equity and liabilities | 10/49 | €487,999 | €353,005 | -€134,994 | -27.7% |
| Equity | 10/15 | €63,039 | €71,290 | +€8,251 | +13.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,447 | €52,698 | +€8,251 | +18.6% |
| Tax-exempt reserves | 132 | €66 | €66 | = | 0.0% |
| Distributable reserves | 133 | €44,381 | €52,632 | +€8,251 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €424,960 | €281,715 | -€143,245 | -33.7% |
| Amounts payable after more than one year | 17 | €54,479 | €46,463 | -€8,015 | -14.7% |
| Financial debts | 170/4 | €23,679 | €15,663 | -€8,015 | -33.9% |
| Other amounts payable | 178/9 | €30,800 | €30,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €370,258 | €235,207 | -€135,051 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €15,480 | €8,015 | -€7,465 | -48.2% |
| Trade debts | 44 | €310,711 | €199,678 | -€111,033 | -35.7% |
| Suppliers | 440/4 | €310,711 | €199,678 | -€111,033 | -35.7% |
| Taxes, remuneration and social security | 45 | €2,802 | €0 | -€2,802 | -100.0% |
| Taxes | 450/3 | €2,802 | €0 | -€2,802 | -100.0% |
| Other amounts payable | 47/48 | €41,264 | €27,514 | -€13,751 | -33.3% |
| Accrued charges and deferred income | 492/3 | €224 | €44 | -€179 | -80.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €100 | €75 | -€25 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,961 | €28,095 | -€866 | -3.0% |
| Other operating charges | 640/8 | €12,417 | €12,314 | -€103 | -0.8% |
| Non-recurring operating charges | 66A | - | €111 | +€111 | |
| Gross operating margin | 9900 | €149,555 | €93,290 | -€56,265 | -37.6% |
| Operating profit (loss) | 9901 | €108,076 | €52,694 | -€55,382 | -51.2% |
| Financial income | 75/76B | €200 | €0 | -€200 | -100.0% |
| Recurring financial income | 75 | €200 | €0 | -€200 | -100.0% |
| Financial charges | 65/66B | €19,472 | €16,237 | -€3,235 | -16.6% |
| Recurring financial charges | 65 | €19,472 | €16,237 | -€3,235 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €88,805 | €36,458 | -€52,347 | -58.9% |
| Income taxes | 67/77 | €17,802 | €6,206 | -€11,596 | -65.1% |
| Profit (loss) for the period | 9904 | €71,003 | €30,251 | -€40,751 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,003 | €30,251 | -€40,751 | -57.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.