FL 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.
FL INFI
Largest movements
- Receivables after one year +€31,470
up €31,470 (+45.6%), from €69,010 to €100,480
- Receivables within one year +€11,406
up €11,406 (+34.2%), from €33,312 to €44,717
of which Other amounts receivable: +€8,925
- Cash -€3,985
down €3,985 (-24.0%), from €16,618 to €12,633
mainly Receivables after one year (-€31,470) and Receivables within one year (-€11,406)
- Deferred charges and accrued income +€2,847
up €2,847 (+75.1%), from €3,792 to €6,638
- Financial fixed assets +€1,830
up €1,830 (+457.5%), from €400 to €2,230
- Profit (loss) carried forward +€33,251
up €33,251 (+45.7%), from €72,745 to €105,996
- Tax, wage and social debts +€7,055
up €7,055 (+17.7%), from €39,757 to €46,811
of which Remuneration and social security: +€10,195
- Other debts +€6,000
new in 2025: €6,000
- Debts after one year -€3,143
down €3,143 (-79.7%), from €3,942 to €799
- Staff costs +€48,438
up €48,438 (+133.3%), from €36,344 to €84,782
- Gross operating margin +€30,902
up €30,902 (+31.1%), from €99,215 to €130,117
- Taxes -€6,891
down €6,891 (-56.0%), from €12,300 to €5,409
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 | €124,145 | €167,186 | +€43,041 | +34.7% |
| Fixed assets | 21/28 | €1,414 | €2,717 | +€1,303 | +92.1% |
| Intangible fixed assets | 21 | €578 | €248 | -€330 | -57.1% |
| Tangible fixed assets | 22/27 | €437 | €240 | -€197 | -45.1% |
| Furniture and vehicles | 24 | €437 | €240 | -€197 | -45.1% |
| Financial fixed assets | 28 | €400 | €2,230 | +€1,830 | +457.5% |
| Current assets | 29/58 | €122,731 | €164,469 | +€41,738 | +34.0% |
| Amounts receivable after more than one year | 29 | €69,010 | €100,480 | +€31,470 | +45.6% |
| Other amounts receivable | 291 | €69,010 | €100,480 | +€31,470 | +45.6% |
| Amounts receivable within one year | 40/41 | €33,312 | €44,717 | +€11,406 | +34.2% |
| Trade receivables | 40 | €31,247 | €33,728 | +€2,481 | +7.9% |
| Other amounts receivable | 41 | €2,064 | €10,989 | +€8,925 | +432.3% |
| Cash at bank and in hand | 54/58 | €16,618 | €12,633 | -€3,985 | -24.0% |
| Deferred charges and accrued income | 490/1 | €3,792 | €6,638 | +€2,847 | +75.1% |
| Total equity and liabilities | 10/49 | €124,145 | €167,186 | +€43,041 | +34.7% |
| Equity | 10/15 | €75,745 | €108,996 | +€33,251 | +43.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,745 | €105,996 | +€33,251 | +45.7% |
| Amounts payable | 17/49 | €48,400 | €58,190 | +€9,790 | +20.2% |
| Amounts payable after more than one year | 17 | €3,942 | €799 | -€3,143 | -79.7% |
| Financial debts | 170/4 | €3,942 | €799 | -€3,143 | -79.7% |
| Amounts payable within one year | 42/48 | €44,458 | €57,191 | +€12,733 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €3,059 | €3,143 | +€84 | +2.7% |
| Trade debts | 44 | €1,642 | €1,237 | -€406 | -24.7% |
| Suppliers | 440/4 | €1,642 | €1,237 | -€406 | -24.7% |
| Taxes, remuneration and social security | 45 | €39,757 | €46,811 | +€7,055 | +17.7% |
| Taxes | 450/3 | €30,527 | €27,387 | -€3,140 | -10.3% |
| Remuneration and social security | 454/9 | €9,229 | €19,425 | +€10,195 | +110.5% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €36,344 | €84,782 | +€48,438 | +133.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €527 | +€43 | +8.9% |
| Other operating charges | 640/8 | €397 | €472 | +€75 | +19.0% |
| Non-recurring operating charges | 66A | €144 | - | -€144 | |
| Gross operating margin | 9900 | €99,215 | €130,117 | +€30,902 | +31.1% |
| Operating profit (loss) | 9901 | €61,846 | €44,336 | -€17,510 | -28.3% |
| Financial income | 75/76B | €951 | €1,676 | +€726 | +76.3% |
| Recurring financial income | 75 | €951 | €1,676 | +€726 | +76.3% |
| Financial charges | 65/66B | €1,896 | €1,352 | -€544 | -28.7% |
| Recurring financial charges | 65 | €1,896 | €1,352 | -€544 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €60,901 | €44,660 | -€16,241 | -26.7% |
| Income taxes | 67/77 | €12,300 | €5,409 | -€6,891 | -56.0% |
| Profit (loss) for the period | 9904 | €48,601 | €39,251 | -€9,350 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,601 | €39,251 | -€9,350 | -19.2% |
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 8 October 2026 via checked.be.