NEW INTERFORM: 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.
NEW INTERFORM
Largest movements
- Tangible fixed assets +€886,368
up €886,368 (+221%), from €401,048 to €1.3m
of which Land and buildings: +€884,118
- Cash -€186,131
down €186,131 (-69.2%), from €268,904 to €82,773
mainly Investment in fixed assets (net) (-€936,258) and Net result for the year (-€283,391)
- Receivables within one year +€44,760
up €44,760 (+69.2%), from €64,653 to €109,414
of which Trade receivables: +€46,069
- Debts after one year +€909,666
up €909,666 (+2,799%), from €32,500 to €942,166
of which Financial debts: +€942,166
- Trade debts +€336,741
up €336,741 (+84,070%), from €401 to €337,141
- Reserves -€283,391
down €283,391 (-76.2%), from €371,714 to €88,323
of which Distributable reserves: -€283,391
- Other debts -€210,991
down €210,991 (-87.1%), from €242,308 to €31,317
- Gross operating margin -€190,155
down €190,155, from €82,964 to -€107,191
- Depreciation +€29,054
up €29,054 (+139%), from €20,836 to €49,891
- Financial charges +€21,210
up €21,210 (+317%), from €6,684 to €27,894
- Taxes -€8,130
no longer reported in 2025 (was €8,130)
- Financial income -€1,681
down €1,681 (-49.4%), from €3,404 to €1,723
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 | €734,605 | €1,482,303 | +€747,697 | +102% |
| Fixed assets | 21/28 | €401,048 | €1,287,416 | +€886,368 | +221% |
| Tangible fixed assets | 22/27 | €401,048 | €1,287,416 | +€886,368 | +221% |
| Land and buildings | 22 | €348,923 | €1,233,041 | +€884,118 | +253% |
| Plant, machinery and equipment | 23 | €52,125 | €54,375 | +€2,250 | +4.3% |
| Current assets | 29/58 | €333,557 | €194,887 | -€138,670 | -41.6% |
| Amounts receivable within one year | 40/41 | €64,653 | €109,414 | +€44,760 | +69.2% |
| Trade receivables | 40 | €61,555 | €107,624 | +€46,069 | +74.8% |
| Other amounts receivable | 41 | €3,098 | €1,790 | -€1,309 | -42.2% |
| Cash at bank and in hand | 54/58 | €268,904 | €82,773 | -€186,131 | -69.2% |
| Deferred charges and accrued income | 490/1 | - | €2,700 | +€2,700 | |
| Total equity and liabilities | 10/49 | €734,605 | €1,482,303 | +€747,697 | +102% |
| Equity | 10/15 | €450,597 | €165,483 | -€285,114 | -63.3% |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Capital | 10 | €71,889 | €71,889 | = | 0.0% |
| Issued capital | 100 | €71,889 | €71,889 | = | 0.0% |
| Reserves | 13 | €371,714 | €88,323 | -€283,391 | -76.2% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Legal reserve | 130 | €7,189 | €7,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,634 | €36,634 | = | 0.0% |
| Distributable reserves | 133 | €327,892 | €44,501 | -€283,391 | -86.4% |
| Investment grants | 15 | €6,994 | €5,270 | -€1,723 | -24.6% |
| Amounts payable | 17/49 | €284,008 | €1,316,820 | +€1.0m | +364% |
| Amounts payable after more than one year | 17 | €32,500 | €942,166 | +€909,666 | +2,799% |
| Financial debts | 170/4 | - | €942,166 | +€942,166 | |
| Other amounts payable | 178/9 | €32,500 | - | -€32,500 | |
| Amounts payable within one year | 42/48 | €247,758 | €371,725 | +€123,966 | +50.0% |
| Trade debts | 44 | €401 | €337,141 | +€336,741 | +84,070% |
| Suppliers | 440/4 | €401 | €337,141 | +€336,741 | +84,070% |
| Advances received on contracts in progress | 46 | - | €3,267 | +€3,267 | |
| Taxes, remuneration and social security | 45 | €5,050 | - | -€5,050 | |
| Taxes | 450/3 | €5,050 | - | -€5,050 | |
| Other amounts payable | 47/48 | €242,308 | €31,317 | -€210,991 | -87.1% |
| Accrued charges and deferred income | 492/3 | €3,750 | €2,930 | -€820 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,836 | €49,891 | +€29,054 | +139% |
| Other operating charges | 640/8 | €26,329 | €26,926 | +€597 | +2.3% |
| Non-recurring operating charges | 66A | - | €73,213 | +€73,213 | |
| Gross operating margin | 9900 | €82,964 | -€107,191 | -€190,155 | |
| Operating profit (loss) | 9901 | €35,799 | -€257,220 | -€293,019 | |
| Financial income | 75/76B | €3,404 | €1,723 | -€1,681 | -49.4% |
| Recurring financial income | 75 | €3,404 | €1,723 | -€1,681 | -49.4% |
| Financial charges | 65/66B | €6,684 | €27,894 | +€21,210 | +317% |
| Recurring financial charges | 65 | €6,684 | €27,894 | +€21,210 | +317% |
| Profit (loss) for the period before taxes | 9903 | €32,519 | -€283,391 | -€315,910 | |
| Income taxes | 67/77 | €8,130 | - | -€8,130 | |
| Profit (loss) for the period | 9904 | €24,389 | -€283,391 | -€307,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,389 | -€283,391 | -€307,780 |
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 24 October 2026 via checked.be.