BL 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.
BL INFI
Largest movements
- Cash +€17,794
up €17,794 (+45.4%), from €39,226 to €57,020
mainly Net result for the year (+€21,156) and Other debts (+€2,517)
- Tangible fixed assets +€1,931
up €1,931 (+46.9%), from €4,119 to €6,050
of which Plant, machinery and equipment: +€2,723
- Deferred charges and accrued income +€1,838
up €1,838 (+222%), from €829 to €2,667
- Receivables within one year -€1,468
down €1,468 (-12.7%), from €11,531 to €10,063
- Reserves +€21,156
up €21,156 (+59.4%), from €35,611 to €56,767
- Tax, wage and social debts -€3,765
down €3,765 (-37.6%), from €10,007 to €6,242
- Other debts +€2,517
up €2,517 (+65.5%), from €3,846 to €6,363
- Gross operating margin -€15,284
down €15,284 (-31.1%), from €49,218 to €33,934
- Taxes -€3,765
down €3,765 (-37.6%), from €10,007 to €6,242
- Other operating charges +€2,637
up €2,637 (+465%), from €567 to €3,204
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 | €55,913 | €75,800 | +€19,886 | +35.6% |
| Formation expenses | 20 | €208 | - | -€208 | |
| Fixed assets | 21/28 | €4,119 | €6,050 | +€1,931 | +46.9% |
| Tangible fixed assets | 22/27 | €4,119 | €6,050 | +€1,931 | +46.9% |
| Plant, machinery and equipment | 23 | - | €2,723 | +€2,723 | |
| Furniture and vehicles | 24 | €4,119 | €3,327 | -€793 | -19.2% |
| Current assets | 29/58 | €51,587 | €69,750 | +€18,163 | +35.2% |
| Amounts receivable within one year | 40/41 | €11,531 | €10,063 | -€1,468 | -12.7% |
| Trade receivables | 40 | €11,531 | €10,063 | -€1,468 | -12.7% |
| Cash at bank and in hand | 54/58 | €39,226 | €57,020 | +€17,794 | +45.4% |
| Deferred charges and accrued income | 490/1 | €829 | €2,667 | +€1,838 | +222% |
| Total equity and liabilities | 10/49 | €55,913 | €75,800 | +€19,886 | +35.6% |
| Equity | 10/15 | €40,611 | €61,767 | +€21,156 | +52.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,611 | €56,767 | +€21,156 | +59.4% |
| Distributable reserves | 133 | €35,611 | €56,767 | +€21,156 | +59.4% |
| Amounts payable | 17/49 | €15,302 | €14,032 | -€1,270 | -8.3% |
| Amounts payable within one year | 42/48 | €15,302 | €14,032 | -€1,270 | -8.3% |
| Trade debts | 44 | €1,449 | €1,427 | -€22 | -1.5% |
| Suppliers | 440/4 | €1,449 | €1,427 | -€22 | -1.5% |
| Taxes, remuneration and social security | 45 | €10,007 | €6,242 | -€3,765 | -37.6% |
| Taxes | 450/3 | €10,007 | €6,242 | -€3,765 | -37.6% |
| Other amounts payable | 47/48 | €3,846 | €6,363 | +€2,517 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,949 | €2,067 | +€118 | +6.0% |
| Other operating charges | 640/8 | €567 | €3,204 | +€2,637 | +465% |
| Gross operating margin | 9900 | €49,218 | €33,934 | -€15,284 | -31.1% |
| Operating profit (loss) | 9901 | €46,702 | €28,663 | -€18,039 | -38.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +14.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +14.3% |
| Financial charges | 65/66B | €1,083 | €1,265 | +€181 | +16.7% |
| Recurring financial charges | 65 | €1,083 | €1,265 | +€181 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €45,618 | €27,398 | -€18,220 | -39.9% |
| Income taxes | 67/77 | €10,007 | €6,242 | -€3,765 | -37.6% |
| Profit (loss) for the period | 9904 | €35,611 | €21,156 | -€14,455 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,611 | €21,156 | -€14,455 | -40.6% |
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.