INTERVEST GEMBLOUX: 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.
INTERVEST GEMBLOUX
Largest movements
- Tangible fixed assets +€415,644
up €415,644 (+4.3%), from €9.8m to €10.2m
of which Land and buildings: +€6.0m
- Receivables within one year -€146,703
down €146,703 (-57.1%), from €257,111 to €110,407
of which Other amounts receivable: -€176,219
- Deferred charges and accrued income +€108,097
new in 2025: €108,097
- Other debts -€8.5m
down €8.5m (-100.0%), from €8.5m to €0
- Debts after one year +€7.3m
new in 2025: €7.3m
- Contributions +€3.2m
up €3.2m (+5203.3%), from €61,500 to €3.3m
- Profit (loss) carried forward -€761,590
down €761,590, from €529,695 to -€231,894
- Current portion of long-term debt -€488,143
no longer reported in 2025 (was €488,143)
- Gross operating margin -€1.2m
down €1.2m (-87.3%), from €1.4m to €173,086
- Taxes -€54,660
no longer reported in 2025 (was €54,660)
- Other operating charges -€39,760
down €39,760 (-96.8%), from €41,064 to €1,304
- Depreciation -€39,205
down €39,205 (-9.0%), from €436,924 to €397,719
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 | €10,081,421 | €10,454,016 | +€372,595 | +3.7% |
| Formation expenses | 20 | - | €7,865 | +€7,865 | |
| Fixed assets | 21/28 | €9,762,835 | €10,178,479 | +€415,644 | +4.3% |
| Tangible fixed assets | 22/27 | €9,762,835 | €10,178,479 | +€415,644 | +4.3% |
| Land and buildings | 22 | €3,614,349 | €9,578,078 | +€6.0m | +165.0% |
| Plant, machinery and equipment | 23 | €357,296 | €264,870 | -€92,426 | -25.9% |
| Leasing and similar rights | 25 | €5,770,341 | - | -€5.8m | |
| Assets under construction and advance payments | 27 | €20,850 | €335,531 | +€314,681 | +1509.3% |
| Current assets | 29/58 | €318,586 | €267,672 | -€50,913 | -16.0% |
| Amounts receivable within one year | 40/41 | €257,111 | €110,407 | -€146,703 | -57.1% |
| Trade receivables | 40 | €80,892 | €110,407 | +€29,515 | +36.5% |
| Other amounts receivable | 41 | €176,219 | - | -€176,219 | |
| Cash at bank and in hand | 54/58 | €61,475 | €49,168 | -€12,307 | -20.0% |
| Deferred charges and accrued income | 490/1 | - | €108,097 | +€108,097 | |
| Total equity and liabilities | 10/49 | €10,081,421 | €10,454,016 | +€372,595 | +3.7% |
| Equity | 10/15 | €597,345 | €3,035,756 | +€2.4m | +408.2% |
| Contributions | 10/11 | €61,500 | €3,261,500 | +€3.2m | +5203.3% |
| Capital | 10 | €61,500 | €3,261,500 | +€3.2m | +5203.3% |
| Issued capital | 100 | €61,500 | €3,261,500 | +€3.2m | +5203.3% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €529,695 | -€231,894 | -€761,590 | |
| Amounts payable | 17/49 | €9,484,075 | €7,418,260 | -€2.1m | -21.8% |
| Amounts payable after more than one year | 17 | - | €7,283,000 | +€7.3m | |
| Financial debts | 170/4 | - | €7,283,000 | +€7.3m | |
| Amounts payable within one year | 42/48 | €9,109,508 | €70,790 | -€9.0m | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €488,143 | - | -€488,143 | |
| Trade debts | 44 | €102,064 | €62,819 | -€39,245 | -38.5% |
| Suppliers | 440/4 | €102,064 | €62,819 | -€39,245 | -38.5% |
| Taxes, remuneration and social security | 45 | €3,596 | €7,972 | +€4,376 | +121.7% |
| Taxes | 450/3 | €3,596 | €7,972 | +€4,376 | +121.7% |
| Other amounts payable | 47/48 | €8,515,706 | €0 | -€8.5m | -100.0% |
| Accrued charges and deferred income | 492/3 | €374,568 | €64,470 | -€310,098 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436,924 | €397,719 | -€39,205 | -9.0% |
| Other operating charges | 640/8 | €41,064 | €1,304 | -€39,760 | -96.8% |
| Gross operating margin | 9900 | €1,358,252 | €173,086 | -€1.2m | -87.3% |
| Operating profit (loss) | 9901 | €880,263 | -€225,937 | -€1.1m | |
| Financial charges | 65/66B | €547,068 | €535,652 | -€11,416 | -2.1% |
| Recurring financial charges | 65 | €547,068 | €535,652 | -€11,416 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €333,195 | -€761,590 | -€1.1m | |
| Income taxes | 67/77 | €54,660 | - | -€54,660 | |
| Profit (loss) for the period | 9904 | €278,536 | -€761,590 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €278,536 | -€761,590 | -€1.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.