INTERVESTOR S.A: 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.
What changed
INTERVESTOR S.A
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€135,089
2024 · €95,547+€39,542
Equity
-€1.0m
2024 · -€1.2m+€133,017
Cash
€120,125
2024 · €49,221+€70,904
Balance sheet total
€7.7m
2024 · €8.0m-€265,844
Largest movements
Assets
- Tangible fixed assets -€320,704
down €320,704 (-4.1%), from €7.9m to €7.5m
of which Land and buildings: -€257,202
Equity and liabilities
- Debts after one year -€331,584
down €331,584 (-4.0%), from €8.4m to €8.1m
of which Financial debts: -€328,532
- Profit (loss) carried forward +€135,089
up €135,089 (+9.1%), from -€1.5m to -€1.4m
Income statement
- Gross operating margin +€29,519
up €29,519 (+5.3%), from €557,104 to €586,623
- Financial charges -€8,566
down €8,566 (-8.2%), from €104,387 to €95,821
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.
Result 2024
€95,547
Gross operating margin
+€29,519
Depreciation
-€631
Other operating charges
+€2,147
Financial income
-€58
Financial charges
+€8,566
Result 2025
€135,089
raises the resultlowers the result
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.
From operations
+€404,364
Investment
-€9,033
Financing
-€324,428
Cash 2024
€49,221
From operations (derived)
+€404,364
Net result for the year
+€135,089
Depreciation
+€329,736
Receivables within one year
+€16,015
Smaller working-capital items
-€1,476
Other debts
-€75,000
Investment (derived)
-€9,033
Investment in fixed assets (net)
-€9,033
Financing
-€324,428
Debts after one year
-€331,584
Current portion of long-term debt
+€9,229
Contributions, distributions and other
-€2,073
Cash 2025
€120,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,994,975 | €7,729,131 | -€265,844 | -3.3% |
| Fixed assets | 21/28 | €7,863,846 | €7,543,142 | -€320,704 | -4.1% |
| Tangible fixed assets | 22/27 | €7,863,846 | €7,543,142 | -€320,704 | -4.1% |
| Land and buildings | 22 | €6,920,573 | €6,663,372 | -€257,202 | -3.7% |
| Plant, machinery and equipment | 23 | €943,272 | €879,770 | -€63,502 | -6.7% |
| Current assets | 29/58 | €131,129 | €185,989 | +€54,859 | +41.8% |
| Amounts receivable within one year | 40/41 | €76,495 | €60,480 | -€16,015 | -20.9% |
| Trade receivables | 40 | €8 | €1,887 | +€1,879 | +22,503% |
| Other amounts receivable | 41 | €76,487 | €58,593 | -€17,894 | -23.4% |
| Cash at bank and in hand | 54/58 | €49,221 | €120,125 | +€70,904 | +144% |
| Deferred charges and accrued income | 490/1 | €5,413 | €5,384 | -€30 | -0.5% |
| Total equity and liabilities | 10/49 | €7,994,975 | €7,729,131 | -€265,844 | -3.3% |
| Equity | 10/15 | -€1,153,876 | -€1,020,860 | +€133,017 | +11.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,490,228 | -€1,355,138 | +€135,089 | +9.1% |
| Investment grants | 15 | €36,352 | €34,279 | -€2,073 | -5.7% |
| Amounts payable | 17/49 | €9,148,851 | €8,749,990 | -€398,861 | -4.4% |
| Amounts payable after more than one year | 17 | €8,389,589 | €8,058,005 | -€331,584 | -4.0% |
| Financial debts | 170/4 | €8,302,203 | €7,973,671 | -€328,532 | -4.0% |
| Other amounts payable | 178/9 | €87,386 | €84,334 | -€3,052 | -3.5% |
| Amounts payable within one year | 42/48 | €750,786 | €684,242 | -€66,544 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €346,113 | €355,342 | +€9,229 | +2.7% |
| Trade debts | 44 | €14,411 | €13,638 | -€773 | -5.4% |
| Suppliers | 440/4 | €14,411 | €13,638 | -€773 | -5.4% |
| Other amounts payable | 47/48 | €390,263 | €315,263 | -€75,000 | -19.2% |
| Accrued charges and deferred income | 492/3 | €8,476 | €7,743 | -€733 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,106 | €329,736 | +€631 | +0.2% |
| Other operating charges | 640/8 | €28,489 | €26,342 | -€2,147 | -7.5% |
| Gross operating margin | 9900 | €557,104 | €586,623 | +€29,519 | +5.3% |
| Operating profit (loss) | 9901 | €199,510 | €230,544 | +€31,035 | +15.6% |
| Financial income | 75/76B | €425 | €366 | -€58 | -13.7% |
| Recurring financial income | 75 | €425 | €366 | -€58 | -13.7% |
| Financial charges | 65/66B | €104,387 | €95,821 | -€8,566 | -8.2% |
| Recurring financial charges | 65 | €104,387 | €95,821 | -€8,566 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €95,547 | €135,089 | +€39,542 | +41.4% |
| Profit (loss) for the period | 9904 | €95,547 | €135,089 | +€39,542 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,547 | €135,089 | +€39,542 | +41.4% |
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 19 October 2026 via checked.be.