CINFRA: 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.
CINFRA
Largest movements
- Stocks and contracts +€172,001
up €172,001 (+51.9%), from €331,201 to €503,203
- Tangible fixed assets -€91,687
down €91,687 (-19.8%), from €463,528 to €371,841
of which Furniture and vehicles: -€47,729
- Cash -€78,424
down €78,424 (-40.6%), from €193,397 to €114,973
mainly Stocks and contracts (-€172,001) and Receivables within one year (-€11,573)
- Receivables within one year +€11,573
up €11,573 (+14.8%), from €78,034 to €89,607
of which Trade receivables: +€20,663
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€11,792
down €11,792 (-11.4%), from €103,479 to €91,687
- Gross operating margin -€9,797
down €9,797 (-8.1%), from €120,260 to €110,463
- Taxes +€1,573
up €1,573 (+374%), from €421 to €1,994
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 | €1,070,614 | €1,085,138 | +€14,524 | +1.4% |
| Fixed assets | 21/28 | €464,178 | €372,491 | -€91,687 | -19.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €463,528 | €371,841 | -€91,687 | -19.8% |
| Land and buildings | 22 | €283,630 | €255,470 | -€28,159 | -9.9% |
| Plant, machinery and equipment | 23 | €4,872 | €2,474 | -€2,398 | -49.2% |
| Furniture and vehicles | 24 | €97,720 | €49,990 | -€47,729 | -48.8% |
| Other tangible fixed assets | 26 | €77,307 | €63,906 | -€13,401 | -17.3% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €606,436 | €712,647 | +€106,211 | +17.5% |
| Stocks and contracts in progress | 3 | €331,201 | €503,203 | +€172,001 | +51.9% |
| Stocks | 30/36 | €331,201 | €503,203 | +€172,001 | +51.9% |
| Amounts receivable within one year | 40/41 | €78,034 | €89,607 | +€11,573 | +14.8% |
| Trade receivables | 40 | €68,944 | €89,607 | +€20,663 | +30.0% |
| Other amounts receivable | 41 | €9,090 | - | -€9,090 | |
| Cash at bank and in hand | 54/58 | €193,397 | €114,973 | -€78,424 | -40.6% |
| Deferred charges and accrued income | 490/1 | €3,804 | €4,865 | +€1,061 | +27.9% |
| Total equity and liabilities | 10/49 | €1,070,614 | €1,085,138 | +€14,524 | +1.4% |
| Equity | 10/15 | €333,495 | €342,266 | +€8,770 | +2.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €21,899 | €20,999 | -€900 | -4.1% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,800 | €17,900 | -€900 | -4.8% |
| Profit (loss) carried forward | 14 | €280,610 | €290,280 | +€9,670 | +3.4% |
| Provisions and deferred taxes | 16 | €600 | €300 | -€300 | -50.0% |
| Deferred taxes | 168 | €600 | €300 | -€300 | -50.0% |
| Amounts payable | 17/49 | €736,519 | €742,573 | +€6,054 | +0.8% |
| Amounts payable within one year | 42/48 | €736,519 | €742,573 | +€6,054 | +0.8% |
| Trade debts | 44 | €45,303 | €50,169 | +€4,866 | +10.7% |
| Suppliers | 440/4 | €45,303 | €50,169 | +€4,866 | +10.7% |
| Taxes, remuneration and social security | 45 | €3,537 | €5,200 | +€1,663 | +47.0% |
| Taxes | 450/3 | €3,537 | €3,525 | -€12 | -0.4% |
| Remuneration and social security | 454/9 | - | €1,675 | +€1,675 | |
| Other amounts payable | 47/48 | €687,679 | €687,204 | -€475 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,479 | €91,687 | -€11,792 | -11.4% |
| Other operating charges | 640/8 | €7,312 | €7,898 | +€585 | +8.0% |
| Gross operating margin | 9900 | €120,260 | €110,463 | -€9,797 | -8.1% |
| Operating profit (loss) | 9901 | €9,470 | €10,878 | +€1,409 | +14.9% |
| Financial income | 75/76B | €2 | €5 | +€3 | +140% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +140% |
| Financial charges | 65/66B | €439 | €419 | -€20 | -4.5% |
| Recurring financial charges | 65 | €439 | €419 | -€20 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €9,033 | €10,464 | +€1,432 | +15.8% |
| Transfer from deferred taxes | 780 | €300 | €300 | = | 0.0% |
| Income taxes | 67/77 | €421 | €1,994 | +€1,573 | +374% |
| Profit (loss) for the period | 9904 | €8,912 | €8,770 | -€142 | -1.6% |
| Transfer from tax-exempt reserves | 789 | €900 | €900 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,812 | €9,670 | -€142 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.