INTERVEST TESSENDERLO: 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.
INTERVEST TESSENDERLO
Largest movements
- Deferred charges and accrued income +€1.5m
new in 2025: €1.5m
- Cash +€1.3m
new in 2025: €1.3m
mainly Debts after one year (+€21.6m) and Contributions, distributions and other (+€17.0m)
- Receivables within one year -€1.0m
down €1.0m (-67.5%), from €1.5m to €486,428
of which Other amounts receivable: -€524,496
- Other debts -€30.1m
down €30.1m (-100.0%), from €30.1m to €0
- Debts after one year +€21.6m
up €21.6m (+72.3%), from €29.9m to €51.5m
- Contributions +€17.0m
up €17.0m (+27,642%), from €61,500 to €17.1m
- Trade debts -€3.8m
down €3.8m (-82.9%), from €4.6m to €788,188
- Profit (loss) carried forward -€1.8m
down €1.8m (-72.9%), from -€2.5m to -€4.3m
- Gross operating margin +€1.9m
up €1.9m (+170%), from €1.1m to €3.1m
- Financial charges +€1.0m
up €1.0m (+51.5%), from €2.0m to €3.0m
- Depreciation +€1.0m
up €1.0m (+120%), from €848,107 to €1.9m
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 | €63,324,638 | €65,641,825 | +€2.3m | +3.7% |
| Formation expenses | 20 | - | €9,225 | +€9,225 | |
| Fixed assets | 21/28 | €61,828,192 | €62,271,881 | +€443,689 | +0.7% |
| Tangible fixed assets | 22/27 | €61,828,192 | €62,271,881 | +€443,689 | +0.7% |
| Land and buildings | 22 | €60,243,419 | €62,271,881 | +€2.0m | +3.4% |
| Assets under construction and advance payments | 27 | €1,584,773 | - | -€1.6m | |
| Current assets | 29/58 | €1,496,446 | €3,360,719 | +€1.9m | +125% |
| Amounts receivable within one year | 40/41 | €1,496,446 | €486,428 | -€1.0m | -67.5% |
| Trade receivables | 40 | €971,950 | €486,428 | -€485,522 | -50.0% |
| Other amounts receivable | 41 | €524,496 | €0 | -€524,496 | -100% |
| Cash at bank and in hand | 54/58 | - | €1,338,359 | +€1.3m | |
| Deferred charges and accrued income | 490/1 | - | €1,535,932 | +€1.5m | |
| Total equity and liabilities | 10/49 | €63,324,638 | €65,641,825 | +€2.3m | +3.7% |
| Equity | 10/15 | -€2,398,052 | €12,809,379 | +€15.2m | |
| Contributions | 10/11 | €61,500 | €17,061,500 | +€17.0m | +27,642% |
| Capital | 10 | €61,500 | €17,061,500 | +€17.0m | +27,642% |
| Issued capital | 100 | €61,500 | €17,061,500 | +€17.0m | +27,642% |
| Profit (loss) carried forward | 14 | -€2,459,552 | -€4,252,121 | -€1.8m | -72.9% |
| Amounts payable | 17/49 | €65,722,689 | €52,832,446 | -€12.9m | -19.6% |
| Amounts payable after more than one year | 17 | €29,871,696 | €51,466,000 | +€21.6m | +72.3% |
| Financial debts | 170/4 | €29,871,696 | €51,466,000 | +€21.6m | +72.3% |
| Amounts payable within one year | 42/48 | €35,426,621 | €1,030,679 | -€34.4m | -97.1% |
| Current portion of amounts payable after more than one year | 42 | €656,000 | - | -€656,000 | |
| Financial debts | 43 | €52,679 | - | -€52,679 | |
| Credit institutions | 430/8 | €52,679 | - | -€52,679 | |
| Trade debts | 44 | €4,604,125 | €788,188 | -€3.8m | -82.9% |
| Suppliers | 440/4 | €4,604,125 | €788,188 | -€3.8m | -82.9% |
| Taxes, remuneration and social security | 45 | - | €242,491 | +€242,491 | |
| Taxes | 450/3 | - | €242,491 | +€242,491 | |
| Other amounts payable | 47/48 | €30,113,817 | €0 | -€30.1m | -100.0% |
| Accrued charges and deferred income | 492/3 | €424,373 | €335,767 | -€88,606 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €848,107 | €1,863,307 | +€1.0m | +120% |
| Other operating charges | 640/8 | €16,734 | €7,506 | -€9,229 | -55.1% |
| Gross operating margin | 9900 | €1,146,905 | €3,093,259 | +€1.9m | +170% |
| Operating profit (loss) | 9901 | €282,064 | €1,222,446 | +€940,382 | +333% |
| Financial charges | 65/66B | €1,989,202 | €3,014,489 | +€1.0m | +51.5% |
| Recurring financial charges | 65 | €1,989,202 | €3,014,489 | +€1.0m | +51.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,707,138 | -€1,792,043 | -€84,906 | -5.0% |
| Income taxes | 67/77 | - | €526 | +€526 | |
| Profit (loss) for the period | 9904 | -€1,707,138 | -€1,792,569 | -€85,432 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,707,138 | -€1,792,569 | -€85,432 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.