Greg Infirmier: 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.
Greg Infirmier
Largest movements
- Cash +€53,891
up €53,891 (+23.6%), from €228,530 to €282,421
mainly Net result for the year (+€53,857) and Depreciation (+€28,301)
- Tangible fixed assets -€23,323
down €23,323 (-21.3%), from €109,264 to €85,941
of which Furniture and vehicles: -€21,950
- Receivables after one year -€14,000
down €14,000 (-43.8%), from €32,000 to €18,000
- Deferred charges and accrued income +€6,594
up €6,594 (+17.4%), from €37,965 to €44,559
- Receivables within one year -€5,313
down €5,313 (-100%), from €5,313 to €0
of which Other amounts receivable: -€5,313
- Debts after one year -€16,761
down €16,761 (-35.3%), from €47,456 to €30,696
- Reserves +€15,019
up €15,019 (+5.0%), from €301,003 to €316,022
of which Distributable reserves: +€15,019
- Tax, wage and social debts +€10,544
up €10,544, from €0 to €10,544
- Accrued charges and deferred income +€7,741
up €7,741 (+37.4%), from €20,673 to €28,414
- Gross operating margin +€28,442
up €28,442 (+34.7%), from €81,919 to €110,361
- Depreciation +€20,951
up €20,951 (+285%), from €7,350 to €28,301
- Taxes +€6,912
up €6,912 (+31.6%), from €21,881 to €28,792
- Other operating charges -€2,951
down €2,951 (-72.3%), from €4,079 to €1,128
- Financial income +€1,293
up €1,293 (+50.0%), from €2,584 to €3,877
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 | €413,072 | €430,922 | +€17,849 | +4.3% |
| Fixed assets | 21/28 | €109,264 | €85,941 | -€23,323 | -21.3% |
| Tangible fixed assets | 22/27 | €109,264 | €85,941 | -€23,323 | -21.3% |
| Furniture and vehicles | 24 | €98,717 | €76,767 | -€21,950 | -22.2% |
| Other tangible fixed assets | 26 | €10,547 | €9,174 | -€1,373 | -13.0% |
| Current assets | 29/58 | €303,808 | €344,980 | +€41,172 | +13.6% |
| Amounts receivable after more than one year | 29 | €32,000 | €18,000 | -€14,000 | -43.8% |
| Other amounts receivable | 291 | €32,000 | €18,000 | -€14,000 | -43.8% |
| Amounts receivable within one year | 40/41 | €5,313 | €0 | -€5,313 | -100% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €5,313 | €0 | -€5,313 | -100% |
| Cash at bank and in hand | 54/58 | €228,530 | €282,421 | +€53,891 | +23.6% |
| Deferred charges and accrued income | 490/1 | €37,965 | €44,559 | +€6,594 | +17.4% |
| Total equity and liabilities | 10/49 | €413,072 | €430,922 | +€17,849 | +4.3% |
| Equity | 10/15 | €323,469 | €338,488 | +€15,019 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,003 | €316,022 | +€15,019 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €299,143 | €314,162 | +€15,019 | +5.0% |
| Profit (loss) carried forward | 14 | €3,866 | €3,866 | = | 0.0% |
| Amounts payable | 17/49 | €89,604 | €92,434 | +€2,830 | +3.2% |
| Amounts payable after more than one year | 17 | €47,456 | €30,696 | -€16,761 | -35.3% |
| Financial debts | 170/4 | €47,456 | €30,696 | -€16,761 | -35.3% |
| Amounts payable within one year | 42/48 | €21,475 | €33,324 | +€11,849 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €16,216 | €16,761 | +€544 | +3.4% |
| Trade debts | 44 | €4,395 | €1,569 | -€2,826 | -64.3% |
| Suppliers | 440/4 | €4,395 | €1,569 | -€2,826 | -64.3% |
| Taxes, remuneration and social security | 45 | €0 | €10,544 | +€10,544 | |
| Taxes | 450/3 | €0 | €10,544 | +€10,544 | |
| Other amounts payable | 47/48 | €864 | €4,451 | +€3,587 | +415% |
| Accrued charges and deferred income | 492/3 | €20,673 | €28,414 | +€7,741 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,350 | €28,301 | +€20,951 | +285% |
| Other operating charges | 640/8 | €4,079 | €1,128 | -€2,951 | -72.3% |
| Non-recurring operating charges | 66A | €4,300 | - | -€4,300 | |
| Gross operating margin | 9900 | €81,919 | €110,361 | +€28,442 | +34.7% |
| Operating profit (loss) | 9901 | €66,190 | €80,932 | +€14,742 | +22.3% |
| Financial income | 75/76B | €2,584 | €3,877 | +€1,293 | +50.0% |
| Recurring financial income | 75 | €2,584 | €3,877 | +€1,293 | +50.0% |
| Financial charges | 65/66B | €1,756 | €2,160 | +€404 | +23.0% |
| Recurring financial charges | 65 | €1,756 | €2,160 | +€404 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €67,018 | €82,649 | +€15,631 | +23.3% |
| Income taxes | 67/77 | €21,881 | €28,792 | +€6,912 | +31.6% |
| Profit (loss) for the period | 9904 | €45,137 | €53,857 | +€8,720 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,137 | €53,857 | +€8,720 | +19.3% |
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 19 October 2026 via checked.be.