BS INFI: 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.
BS INFI
Largest movements
- Deferred charges and accrued income +€123,066
new in 2025: €123,066
- Cash +€117,054
up €117,054 (+3901.8%), from €3,000 to €120,054
mainly Debts after one year (+€242,873) and Other debts (+€185,282)
- Intangible fixed assets -€50,000
down €50,000 (-10.0%), from €499,863 to €449,863
- Trade debts -€438,239
down €438,239 (-87.5%), from €501,029 to €62,790
- Debts after one year +€242,873
new in 2025: €242,873
- Other debts +€185,282
new in 2025: €185,282
- Profit (loss) carried forward +€105,538
up €105,538, from -€137 to €105,400
- Current portion of long-term debt +€61,909
new in 2025: €61,909
- Gross operating margin +€229,748
new in 2025: €229,748
- Depreciation +€50,513
up €50,513 (+36824.8%), from €137 to €50,650
- Taxes +€33,438
new in 2025: €33,438
- Staff costs +€22,971
new in 2025: €22,971
- Financial charges +€10,810
new in 2025: €10,810
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 | €503,892 | €701,961 | +€198,069 | +39.3% |
| Formation expenses | 20 | €1,029 | €823 | -€206 | -20.0% |
| Fixed assets | 21/28 | €499,863 | €454,060 | -€45,803 | -9.2% |
| Intangible fixed assets | 21 | €499,863 | €449,863 | -€50,000 | -10.0% |
| Tangible fixed assets | 22/27 | - | €4,197 | +€4,197 | |
| Furniture and vehicles | 24 | - | €2,860 | +€2,860 | |
| Other tangible fixed assets | 26 | - | €1,337 | +€1,337 | |
| Current assets | 29/58 | €3,000 | €247,078 | +€244,078 | +8135.9% |
| Amounts receivable within one year | 40/41 | - | €3,958 | +€3,958 | |
| Trade receivables | 40 | - | €3,958 | +€3,958 | |
| Cash at bank and in hand | 54/58 | €3,000 | €120,054 | +€117,054 | +3901.8% |
| Deferred charges and accrued income | 490/1 | - | €123,066 | +€123,066 | |
| Total equity and liabilities | 10/49 | €503,892 | €701,961 | +€198,069 | +39.3% |
| Equity | 10/15 | €2,863 | €108,400 | +€105,538 | +3686.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137 | €105,400 | +€105,538 | |
| Amounts payable | 17/49 | €501,029 | €593,561 | +€92,532 | +18.5% |
| Amounts payable after more than one year | 17 | - | €242,873 | +€242,873 | |
| Financial debts | 170/4 | - | €242,873 | +€242,873 | |
| Amounts payable within one year | 42/48 | €501,029 | €350,552 | -€150,477 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €61,909 | +€61,909 | |
| Trade debts | 44 | €501,029 | €62,790 | -€438,239 | -87.5% |
| Suppliers | 440/4 | €501,029 | €62,790 | -€438,239 | -87.5% |
| Taxes, remuneration and social security | 45 | - | €40,571 | +€40,571 | |
| Taxes | 450/3 | - | €37,726 | +€37,726 | |
| Remuneration and social security | 454/9 | - | €2,845 | +€2,845 | |
| Other amounts payable | 47/48 | - | €185,282 | +€185,282 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Remuneration, social security and pensions | 62 | - | €22,971 | +€22,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137 | €50,650 | +€50,513 | +36824.8% |
| Other operating charges | 640/8 | - | €6,549 | +€6,549 | |
| Gross operating margin | 9900 | - | €229,748 | +€229,748 | |
| Operating profit (loss) | 9901 | -€137 | €149,579 | +€149,716 | |
| Financial income | 75/76B | - | €207 | +€207 | |
| Recurring financial income | 75 | - | €207 | +€207 | |
| Financial charges | 65/66B | - | €10,810 | +€10,810 | |
| Recurring financial charges | 65 | - | €10,810 | +€10,810 | |
| Profit (loss) for the period before taxes | 9903 | -€137 | €138,976 | +€139,113 | |
| Income taxes | 67/77 | - | €33,438 | +€33,438 | |
| Profit (loss) for the period | 9904 | -€137 | €105,538 | +€105,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€137 | €105,538 | +€105,675 |
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 1 October 2026 via checked.be.