ForInfec: what changed
What changed
ForInfec
filed annual accounts (NBB)
Net result for the year
€83,195
2024 · €104,305-€21,110
Equity
€488,627
2024 · €405,430+€83,197
Cash
€15
2024 · €15
Balance sheet total
€939,321
2024 · €878,631+€60,690
Largest movements
Assets
- Receivables after one year +€82,573
up €82,573 (+22.6%), from €364,885 to €447,458
- Tangible fixed assets -€23,252
down €23,252 (-6.1%), from €382,105 to €358,853
of which Other tangible fixed assets: -€15,210
Equity and liabilities
- Reserves +€83,197
up €83,197 (+20.7%), from €402,757 to €485,954
- Debts after one year -€41,068
down €41,068 (-11.7%), from €350,926 to €309,858
Income statement
- Gross operating margin -€62,256
down €62,256 (-31.6%), from €197,285 to €135,029
- Financial income +€27,373
up €27,373 (+119,013%), from €23 to €27,396
- Taxes -€12,169
down €12,169 (-25.4%), from €47,861 to €35,692
- Financial charges -€2,562
down €2,562 (-15.1%), from €16,929 to €14,367
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€104,305
Gross operating margin
-€62,256
Depreciation
+€348
Other operating charges
-€1,306
Financial income
+€27,373
Financial charges
+€2,562
Taxes
+€12,169
Result 2025
€83,195
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,270
Investment
-€1,157
Financing
-€30,113
Cash 2024
€15
From operations (derived)
+€31,270
Net result for the year
+€83,195
Depreciation
+€24,409
Receivables after one year
-€82,573
Receivables within one year
-€2,130
Deferred charges and accrued income
+€761
Trade debts
-€5,115
Tax, wage and social debts
+€8,620
Accrued charges and deferred income
+€4,103
Investment (derived)
-€1,157
Investment in fixed assets (net)
-€1,157
Financing
-€30,113
Debts after one year
-€41,068
Current portion of long-term debt
+€8,773
Short-term financial debts
+€2,180
Contributions, distributions and other
+€2
Cash 2025
€15
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €878,631 | €939,321 | +€60,690 | +6.9% |
| Fixed assets | 21/28 | €382,130 | €358,878 | -€23,252 | -6.1% |
| Tangible fixed assets | 22/27 | €382,105 | €358,853 | -€23,252 | -6.1% |
| Land and buildings | 22 | €168,515 | €160,547 | -€7,968 | -4.7% |
| Plant, machinery and equipment | 23 | €1,577 | €1,331 | -€246 | -15.6% |
| Furniture and vehicles | 24 | €10,831 | €11,003 | +€172 | +1.6% |
| Other tangible fixed assets | 26 | €201,182 | €185,972 | -€15,210 | -7.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €496,501 | €580,443 | +€83,942 | +16.9% |
| Amounts receivable after more than one year | 29 | €364,885 | €447,458 | +€82,573 | +22.6% |
| Other amounts receivable | 291 | €364,885 | €447,458 | +€82,573 | +22.6% |
| Amounts receivable within one year | 40/41 | €47,650 | €49,780 | +€2,130 | +4.5% |
| Trade receivables | 40 | €12,249 | €1,852 | -€10,397 | -84.9% |
| Other amounts receivable | 41 | €35,401 | €47,928 | +€12,527 | +35.4% |
| Cash at bank and in hand | 54/58 | €15 | €15 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €83,951 | €83,190 | -€761 | -0.9% |
| Total equity and liabilities | 10/49 | €878,631 | €939,321 | +€60,690 | +6.9% |
| Equity | 10/15 | €405,430 | €488,627 | +€83,197 | +20.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €402,757 | €485,954 | +€83,197 | +20.7% |
| Distributable reserves | 133 | €402,757 | €485,954 | +€83,197 | +20.7% |
| Profit (loss) carried forward | 14 | €173 | €173 | = | 0.0% |
| Amounts payable | 17/49 | €473,201 | €450,694 | -€22,507 | -4.8% |
| Amounts payable after more than one year | 17 | €350,926 | €309,858 | -€41,068 | -11.7% |
| Financial debts | 170/4 | €350,926 | €309,858 | -€41,068 | -11.7% |
| Amounts payable within one year | 42/48 | €118,217 | €132,675 | +€14,458 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €75,330 | €84,103 | +€8,773 | +11.6% |
| Financial debts | 43 | €1,666 | €3,846 | +€2,180 | +131% |
| Credit institutions | 430/8 | €1,666 | €3,846 | +€2,180 | +131% |
| Trade debts | 44 | €15,370 | €10,255 | -€5,115 | -33.3% |
| Suppliers | 440/4 | €15,370 | €10,255 | -€5,115 | -33.3% |
| Taxes, remuneration and social security | 45 | €25,851 | €34,471 | +€8,620 | +33.3% |
| Taxes | 450/3 | €25,851 | €34,471 | +€8,620 | +33.3% |
| Accrued charges and deferred income | 492/3 | €4,058 | €8,161 | +€4,103 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,757 | €24,409 | -€348 | -1.4% |
| Other operating charges | 640/8 | €3,456 | €4,762 | +€1,306 | +37.8% |
| Gross operating margin | 9900 | €197,285 | €135,029 | -€62,256 | -31.6% |
| Operating profit (loss) | 9901 | €169,072 | €105,858 | -€63,214 | -37.4% |
| Financial income | 75/76B | €23 | €27,396 | +€27,373 | +119,013% |
| Recurring financial income | 75 | €23 | €27,396 | +€27,373 | +119,013% |
| Financial charges | 65/66B | €16,929 | €14,367 | -€2,562 | -15.1% |
| Recurring financial charges | 65 | €16,929 | €14,367 | -€2,562 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €152,166 | €118,887 | -€33,279 | -21.9% |
| Income taxes | 67/77 | €47,861 | €35,692 | -€12,169 | -25.4% |
| Profit (loss) for the period | 9904 | €104,305 | €83,195 | -€21,110 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,305 | €83,195 | -€21,110 | -20.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.