AR INFI: 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.
AR INFI
Largest movements
- Cash +€23,333
up €23,333 (+2,617%), from €892 to €24,225
mainly Other debts (+€33,000) and Net result for the year (+€26,130)
- Receivables within one year -€11,650
down €11,650 (-35.0%), from €33,277 to €21,627
- Tangible fixed assets -€11,000
down €11,000 (-46.6%), from €23,627 to €12,627
- Deferred charges and accrued income +€693
up €693 (+7.0%), from €9,884 to €10,576
- Other debts +€33,000
up €33,000 (+220%), from €15,000 to €48,000
- Reserves -€20,000
down €20,000 (-100%), from €20,000 to €0
- Debts after one year -€11,294
down €11,294 (-79.8%), from €14,144 to €2,850
- Profit (loss) carried forward -€1,870
down €1,870 (-84.4%), from €2,216 to €345
- Tax, wage and social debts +€1,580
up €1,580 (+87.8%), from €1,800 to €3,380
- Gross operating margin +€13,208
up €13,208 (+40.3%), from €32,798 to €46,006
- Taxes +€2,827
up €2,827 (+59.5%), from €4,753 to €7,580
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 | €67,680 | €69,056 | +€1,376 | +2.0% |
| Fixed assets | 21/28 | €23,627 | €12,627 | -€11,000 | -46.6% |
| Tangible fixed assets | 22/27 | €23,627 | €12,627 | -€11,000 | -46.6% |
| Furniture and vehicles | 24 | €23,627 | €12,627 | -€11,000 | -46.6% |
| Current assets | 29/58 | €44,052 | €56,428 | +€12,376 | +28.1% |
| Amounts receivable within one year | 40/41 | €33,277 | €21,627 | -€11,650 | -35.0% |
| Other amounts receivable | 41 | €33,277 | €21,627 | -€11,650 | -35.0% |
| Cash at bank and in hand | 54/58 | €892 | €24,225 | +€23,333 | +2,617% |
| Deferred charges and accrued income | 490/1 | €9,884 | €10,576 | +€693 | +7.0% |
| Total equity and liabilities | 10/49 | €67,680 | €69,056 | +€1,376 | +2.0% |
| Equity | 10/15 | €25,216 | €3,345 | -€21,870 | -86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €0 | -€20,000 | -100% |
| Distributable reserves | 133 | €20,000 | €0 | -€20,000 | -100% |
| Profit (loss) carried forward | 14 | €2,216 | €345 | -€1,870 | -84.4% |
| Amounts payable | 17/49 | €42,464 | €65,710 | +€23,246 | +54.7% |
| Amounts payable after more than one year | 17 | €14,144 | €2,850 | -€11,294 | -79.8% |
| Financial debts | 170/4 | €14,144 | €2,850 | -€11,294 | -79.8% |
| Amounts payable within one year | 42/48 | €28,254 | €62,793 | +€34,539 | +122% |
| Current portion of amounts payable after more than one year | 42 | €11,123 | €11,294 | +€170 | +1.5% |
| Trade debts | 44 | €331 | €119 | -€212 | -64.0% |
| Suppliers | 440/4 | €331 | €119 | -€212 | -64.0% |
| Taxes, remuneration and social security | 45 | €1,800 | €3,380 | +€1,580 | +87.8% |
| Taxes | 450/3 | €1,800 | €3,380 | +€1,580 | +87.8% |
| Other amounts payable | 47/48 | €15,000 | €48,000 | +€33,000 | +220% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €11,000 | = | 0.0% |
| Other operating charges | 640/8 | €731 | €871 | +€140 | +19.1% |
| Gross operating margin | 9900 | €32,798 | €46,006 | +€13,208 | +40.3% |
| Operating profit (loss) | 9901 | €21,067 | €34,135 | +€13,068 | +62.0% |
| Financial charges | 65/66B | €670 | €425 | -€244 | -36.5% |
| Recurring financial charges | 65 | €670 | €425 | -€244 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €20,397 | €33,710 | +€13,313 | +65.3% |
| Income taxes | 67/77 | €4,753 | €7,580 | +€2,827 | +59.5% |
| Profit (loss) for the period | 9904 | €15,644 | €26,130 | +€10,486 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,644 | €26,130 | +€10,486 | +67.0% |
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 24 October 2026 via checked.be.