C-INFRA: 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.
C-INFRA
Largest movements
- Receivables after one year +€133,628
up €133,628 (+42.5%), from €314,267 to €447,895
- Receivables within one year -€23,832
down €23,832 (-98.5%), from €24,187 to €355
of which Trade receivables: -€24,187
- Reserves +€82,656
up €82,656 (+34.0%), from €243,071 to €325,727
- Tax, wage and social debts +€25,193
up €25,193 (+28.2%), from €89,459 to €114,652
- Gross operating margin -€79,270
down €79,270 (-42.5%), from €186,545 to €107,275
- Financial income +€9,022
up €9,022 (+68.3%), from €13,213 to €22,235
- Taxes -€6,768
down €6,768 (-13.8%), from €48,961 to €42,194
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 | €339,624 | €448,249 | +€108,625 | +32.0% |
| Current assets | 29/58 | €339,624 | €448,249 | +€108,625 | +32.0% |
| Amounts receivable after more than one year | 29 | €314,267 | €447,895 | +€133,628 | +42.5% |
| Trade receivables | 290 | €314,267 | €447,895 | +€133,628 | +42.5% |
| Amounts receivable within one year | 40/41 | €24,187 | €355 | -€23,832 | -98.5% |
| Trade receivables | 40 | €24,187 | €0 | -€24,187 | -100.0% |
| Other amounts receivable | 41 | €0 | €355 | +€355 | |
| Cash at bank and in hand | 54/58 | €1,170 | €0 | -€1,170 | -100.0% |
| Total equity and liabilities | 10/49 | €339,624 | €448,249 | +€108,625 | +32.0% |
| Equity | 10/15 | €243,071 | €328,727 | +€85,656 | +35.2% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €243,071 | €325,727 | +€82,656 | +34.0% |
| Distributable reserves | 133 | €243,071 | €325,727 | +€82,656 | +34.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,554 | €119,523 | +€22,969 | +23.8% |
| Amounts payable within one year | 42/48 | €96,554 | €119,523 | +€22,969 | +23.8% |
| Financial debts | 43 | €196 | €98 | -€97 | -49.7% |
| Credit institutions | 430/8 | €196 | €98 | -€97 | -49.7% |
| Trade debts | 44 | €6,899 | €4,772 | -€2,127 | -30.8% |
| Suppliers | 440/4 | €6,899 | €4,772 | -€2,127 | -30.8% |
| Taxes, remuneration and social security | 45 | €89,459 | €114,652 | +€25,193 | +28.2% |
| Taxes | 450/3 | €89,459 | €114,652 | +€25,193 | +28.2% |
| Other operating charges | 640/8 | €1,055 | €2,622 | +€1,566 | +148.4% |
| Gross operating margin | 9900 | €186,545 | €107,275 | -€79,270 | -42.5% |
| Operating profit (loss) | 9901 | €185,490 | €104,653 | -€80,837 | -43.6% |
| Financial income | 75/76B | €13,213 | €22,235 | +€9,022 | +68.3% |
| Recurring financial income | 75 | €13,213 | €22,235 | +€9,022 | +68.3% |
| Financial charges | 65/66B | €527 | €2,038 | +€1,511 | +286.7% |
| Recurring financial charges | 65 | €527 | €2,038 | +€1,511 | +286.7% |
| Profit (loss) for the period before taxes | 9903 | €198,175 | €124,850 | -€73,326 | -37.0% |
| Income taxes | 67/77 | €48,961 | €42,194 | -€6,768 | -13.8% |
| Profit (loss) for the period | 9904 | €149,214 | €82,656 | -€66,558 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €149,214 | €82,656 | -€66,558 | -44.6% |
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 10 October 2026 via checked.be.