INTERVARIA: what changed
INTERVARIA
Largest movements
- Tangible fixed assets +€153,715
up €153,715 (+41.4%), from €371,216 to €524,932
of which Land and buildings: +€178,669
- Cash -€59,346
down €59,346 (-46.8%), from €126,868 to €67,522
mainly Investment in fixed assets (net) (-€247,877) and Contributions, distributions and other (-€69,168)
- Deferred charges and accrued income +€42,352
up €42,352 (+189%), from €22,406 to €64,758
- Receivables within one year +€37,960
up €37,960 (+60.9%), from €62,381 to €100,341
of which Trade receivables: +€47,298
- Debts after one year +€147,638
up €147,638 (+58.1%), from €254,282 to €401,920
- Other debts +€45,062
up €45,062 (+162%), from €27,829 to €72,891
- Reserves -€44,278
down €44,278 (-22.4%), from €197,253 to €152,975
of which Distributable reserves: -€44,278
- Trade debts +€26,272
up €26,272 (+79.0%), from €33,241 to €59,513
- Gross operating margin +€45,729
up €45,729 (+18.7%), from €245,118 to €290,847
- Staff costs +€23,983
up €23,983 (+19.8%), from €121,151 to €145,134
- Financial charges +€5,502
up €5,502 (+84.1%), from €6,539 to €12,041
- Taxes +€4,471
up €4,471 (+70.0%), from €6,385 to €10,856
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,042 | €781,425 | +€175,383 | +28.9% |
| Fixed assets | 21/28 | €371,866 | €528,151 | +€156,285 | +42.0% |
| Intangible fixed assets | 21 | - | €2,919 | +€2,919 | |
| Tangible fixed assets | 22/27 | €371,216 | €524,932 | +€153,715 | +41.4% |
| Land and buildings | 22 | €212,683 | €391,352 | +€178,669 | +84.0% |
| Plant, machinery and equipment | 23 | €71,990 | €86,412 | +€14,422 | +20.0% |
| Furniture and vehicles | 24 | €65,657 | €33,816 | -€31,841 | -48.5% |
| Other tangible fixed assets | 26 | €20,886 | €13,351 | -€7,535 | -36.1% |
| Financial fixed assets | 28 | €650 | €300 | -€350 | -53.8% |
| Current assets | 29/58 | €234,176 | €253,274 | +€19,098 | +8.2% |
| Stocks and contracts in progress | 3 | €22,521 | €20,653 | -€1,868 | -8.3% |
| Stocks | 30/36 | €22,521 | €20,653 | -€1,868 | -8.3% |
| Amounts receivable within one year | 40/41 | €62,381 | €100,341 | +€37,960 | +60.9% |
| Trade receivables | 40 | €46,048 | €93,345 | +€47,298 | +103% |
| Other amounts receivable | 41 | €16,334 | €6,996 | -€9,338 | -57.2% |
| Cash at bank and in hand | 54/58 | €126,868 | €67,522 | -€59,346 | -46.8% |
| Deferred charges and accrued income | 490/1 | €22,406 | €64,758 | +€42,352 | +189% |
| Total equity and liabilities | 10/49 | €606,042 | €781,425 | +€175,383 | +28.9% |
| Equity | 10/15 | €218,153 | €173,875 | -€44,278 | -20.3% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €197,253 | €152,975 | -€44,278 | -22.4% |
| Tax-exempt reserves | 132 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €197,158 | €152,880 | -€44,278 | -22.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €387,889 | €607,550 | +€219,661 | +56.6% |
| Amounts payable after more than one year | 17 | €254,282 | €401,920 | +€147,638 | +58.1% |
| Financial debts | 170/4 | €254,282 | €401,920 | +€147,638 | +58.1% |
| Amounts payable within one year | 42/48 | €133,607 | €205,630 | +€72,023 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €57,047 | €57,210 | +€163 | +0.3% |
| Trade debts | 44 | €33,241 | €59,513 | +€26,272 | +79.0% |
| Suppliers | 440/4 | €33,241 | €59,513 | +€26,272 | +79.0% |
| Taxes, remuneration and social security | 45 | €15,490 | €16,016 | +€526 | +3.4% |
| Taxes | 450/3 | €13,221 | €11,684 | -€1,537 | -11.6% |
| Remuneration and social security | 454/9 | €2,269 | €4,332 | +€2,063 | +90.9% |
| Other amounts payable | 47/48 | €27,829 | €72,891 | +€45,062 | +162% |
| Remuneration, social security and pensions | 62 | €121,151 | €145,134 | +€23,983 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,781 | €91,593 | -€2,188 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,514 | +€2,514 | |
| Other operating charges | 640/8 | €4,361 | €4,682 | +€321 | +7.4% |
| Gross operating margin | 9900 | €245,118 | €290,847 | +€45,729 | +18.7% |
| Operating profit (loss) | 9901 | €25,824 | €46,924 | +€21,100 | +81.7% |
| Financial income | 75/76B | €800 | €863 | +€63 | +7.9% |
| Recurring financial income | 75 | €800 | €863 | +€63 | +7.9% |
| Financial charges | 65/66B | €6,539 | €12,041 | +€5,502 | +84.1% |
| Recurring financial charges | 65 | €6,539 | €12,041 | +€5,502 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €20,085 | €35,746 | +€15,661 | +78.0% |
| Income taxes | 67/77 | €6,385 | €10,856 | +€4,471 | +70.0% |
| Profit (loss) for the period | 9904 | €13,700 | €24,890 | +€11,190 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,700 | €24,890 | +€11,190 | +81.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.