INTERWAC: 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.
INTERWAC
Largest movements
- Receivables within one year +€308,579
up €308,579 (+3793.8%), from €8,134 to €316,713
of which Other amounts receivable: +€186,346
- Tangible fixed assets -€80,764
down €80,764 (-12.4%), from €649,734 to €568,970
- Cash +€18,006
up €18,006 (+1742.7%), from €1,033 to €19,039
mainly Net result for the year (+€122,143) and Depreciation (+€80,764)
- Reserves +€122,143
up €122,143 (+19.8%), from €617,569 to €739,713
of which Distributable reserves: +€122,143
- Trade debts +€73,228
up €73,228 (+1419.8%), from €5,158 to €78,386
- Tax, wage and social debts +€44,463
up €44,463 (+471.2%), from €9,436 to €53,899
- Accrued charges and deferred income +€13,154
up €13,154 (+235.6%), from €5,583 to €18,737
- Gross operating margin -€397,295
down €397,295 (-55.1%), from €720,647 to €323,352
- Financial income -€246,768
down €246,768 (-99.4%), from €248,274 to €1,507
of which Financial income: -€240,510
- Taxes -€161,980
down €161,980 (-78.5%), from €206,443 to €44,463
- Financial charges -€105,088
down €105,088 (-99.9%), from €105,240 to €152
of which Financial charges: -€104,648
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 | €699,246 | €952,235 | +€252,988 | +36.2% |
| Fixed assets | 21/28 | €649,734 | €568,970 | -€80,764 | -12.4% |
| Tangible fixed assets | 22/27 | €649,734 | €568,970 | -€80,764 | -12.4% |
| Land and buildings | 22 | €649,734 | €568,970 | -€80,764 | -12.4% |
| Current assets | 29/58 | €49,512 | €383,265 | +€333,753 | +674.1% |
| Amounts receivable within one year | 40/41 | €8,134 | €316,713 | +€308,579 | +3793.8% |
| Trade receivables | 40 | €8,134 | €130,367 | +€122,233 | +1502.8% |
| Other amounts receivable | 41 | - | €186,346 | +€186,346 | |
| Cash at bank and in hand | 54/58 | €1,033 | €19,039 | +€18,006 | +1742.7% |
| Deferred charges and accrued income | 490/1 | €40,345 | €47,512 | +€7,167 | +17.8% |
| Total equity and liabilities | 10/49 | €699,246 | €952,235 | +€252,988 | +36.2% |
| Equity | 10/15 | €679,069 | €801,213 | +€122,143 | +18.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €617,569 | €739,713 | +€122,143 | +19.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €611,419 | €733,563 | +€122,143 | +20.0% |
| Amounts payable | 17/49 | €20,177 | €151,022 | +€130,845 | +648.5% |
| Amounts payable within one year | 42/48 | €14,594 | €132,285 | +€117,691 | +806.5% |
| Trade debts | 44 | €5,158 | €78,386 | +€73,228 | +1419.8% |
| Suppliers | 440/4 | €5,158 | €78,386 | +€73,228 | +1419.8% |
| Taxes, remuneration and social security | 45 | €9,436 | €53,899 | +€44,463 | +471.2% |
| Taxes | 450/3 | €9,436 | €53,899 | +€44,463 | +471.2% |
| Accrued charges and deferred income | 492/3 | €5,583 | €18,737 | +€13,154 | +235.6% |
| Non-recurring operating income | 76A | €476,922 | - | -€476,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,764 | €80,764 | = | 0.0% |
| Other operating charges | 640/8 | €79,600 | €77,336 | -€2,265 | -2.8% |
| Gross operating margin | 9900 | €720,647 | €323,352 | -€397,295 | -55.1% |
| Operating profit (loss) | 9901 | €560,282 | €165,252 | -€395,031 | -70.5% |
| Financial income | 75/76B | €248,274 | €1,507 | -€246,768 | -99.4% |
| Recurring financial income | 75 | €242,017 | €1,507 | -€240,510 | -99.4% |
| Non-recurring financial income | 76B | €6,257 | - | -€6,257 | |
| Financial charges | 65/66B | €105,240 | €152 | -€105,088 | -99.9% |
| Recurring financial charges | 65 | €104,800 | €152 | -€104,648 | -99.9% |
| Non-recurring financial charges | 66B | €440 | - | -€440 | |
| Profit (loss) for the period before taxes | 9903 | €703,316 | €166,606 | -€536,710 | -76.3% |
| Income taxes | 67/77 | €206,443 | €44,463 | -€161,980 | -78.5% |
| Profit (loss) for the period | 9904 | €496,874 | €122,143 | -€374,730 | -75.4% |
| Transfer from tax-exempt reserves | 789 | €1 | - | -€1 | |
| Profit (loss) for the period to be appropriated | 9905 | €496,875 | €122,143 | -€374,731 | -75.4% |
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 29 September 2026 via checked.be.