INFACTO: 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.
INFACTO
Largest movements
- Tangible fixed assets -€14,426
down €14,426 (-14.8%), from €97,550 to €83,124
of which Furniture and vehicles: -€10,848
- Stocks and contracts -€8,976
down €8,976 (-10.2%), from €88,122 to €79,146
of which Contracts in progress: -€5,000
- Intangible fixed assets -€3,534
down €3,534 (-50.0%), from €7,069 to €3,534
- Receivables within one year +€3,246
up €3,246 (+61.6%), from €5,268 to €8,514
of which Trade receivables: +€1,994
- Cash -€2,487
down €2,487 (-44.6%), from €5,572 to €3,085
mainly Debts after one year (-€44,359) and Short-term financial debts (-€22,710)
- Debts after one year -€44,359
down €44,359 (-54.7%), from €81,152 to €36,793
- Short-term financial debts -€22,710
down €22,710 (-21.4%), from €106,128 to €83,417
- Profit (loss) carried forward +€19,814
up €19,814 (+6.2%), from -€317,325 to -€297,512
- Other debts +€17,045
up €17,045 (+7.2%), from €235,327 to €252,372
- Trade debts -€13,551
down €13,551 (-37.0%), from €36,640 to €23,089
- Gross operating margin +€64,194
up €64,194 (+128%), from €50,163 to €114,358
- Staff costs -€22,459
down €22,459 (-33.6%), from €66,792 to €44,333
- Depreciation -€20,403
down €20,403 (-34.0%), from €60,080 to €39,677
- Financial charges -€3,162
down €3,162 (-26.7%), from €11,844 to €8,682
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 | €209,132 | €184,391 | -€24,740 | -11.8% |
| Fixed assets | 21/28 | €104,619 | €86,659 | -€17,961 | -17.2% |
| Intangible fixed assets | 21 | €7,069 | €3,534 | -€3,534 | -50.0% |
| Tangible fixed assets | 22/27 | €97,550 | €83,124 | -€14,426 | -14.8% |
| Land and buildings | 22 | €53,410 | €45,542 | -€7,868 | -14.7% |
| Plant, machinery and equipment | 23 | €203 | €4,493 | +€4,290 | +2,113% |
| Furniture and vehicles | 24 | €43,937 | €33,089 | -€10,848 | -24.7% |
| Current assets | 29/58 | €104,513 | €97,733 | -€6,780 | -6.5% |
| Stocks and contracts in progress | 3 | €88,122 | €79,146 | -€8,976 | -10.2% |
| Stocks | 30/36 | €66,122 | €62,146 | -€3,976 | -6.0% |
| Contracts in progress | 37 | €22,000 | €17,000 | -€5,000 | -22.7% |
| Amounts receivable within one year | 40/41 | €5,268 | €8,514 | +€3,246 | +61.6% |
| Trade receivables | 40 | €5,268 | €7,262 | +€1,994 | +37.9% |
| Other amounts receivable | 41 | - | €1,252 | +€1,252 | |
| Cash at bank and in hand | 54/58 | €5,572 | €3,085 | -€2,487 | -44.6% |
| Deferred charges and accrued income | 490/1 | €5,550 | €6,988 | +€1,438 | +25.9% |
| Total equity and liabilities | 10/49 | €209,132 | €184,391 | -€24,740 | -11.8% |
| Equity | 10/15 | -€309,270 | -€289,457 | +€19,814 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,325 | -€297,512 | +€19,814 | +6.2% |
| Amounts payable | 17/49 | €518,402 | €473,848 | -€44,554 | -8.6% |
| Amounts payable after more than one year | 17 | €81,152 | €36,793 | -€44,359 | -54.7% |
| Financial debts | 170/4 | €81,152 | €36,793 | -€44,359 | -54.7% |
| Amounts payable within one year | 42/48 | €437,250 | €437,054 | -€195 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €36,528 | €42,445 | +€5,916 | +16.2% |
| Financial debts | 43 | €106,128 | €83,417 | -€22,710 | -21.4% |
| Credit institutions | 430/8 | €106,128 | €83,417 | -€22,710 | -21.4% |
| Trade debts | 44 | €36,640 | €23,089 | -€13,551 | -37.0% |
| Suppliers | 440/4 | €36,640 | €23,089 | -€13,551 | -37.0% |
| Advances received on contracts in progress | 46 | €2,609 | €15,877 | +€13,268 | +509% |
| Taxes, remuneration and social security | 45 | €20,018 | €19,854 | -€164 | -0.8% |
| Taxes | 450/3 | €16,225 | €19,854 | +€3,629 | +22.4% |
| Remuneration and social security | 454/9 | €3,793 | - | -€3,793 | |
| Other amounts payable | 47/48 | €235,327 | €252,372 | +€17,045 | +7.2% |
| Non-recurring operating income | 76A | €1,854 | - | -€1,854 | |
| Remuneration, social security and pensions | 62 | €66,792 | €44,333 | -€22,459 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,080 | €39,677 | -€20,403 | -34.0% |
| Other operating charges | 640/8 | €1,759 | €2,389 | +€630 | +35.8% |
| Gross operating margin | 9900 | €50,163 | €114,358 | +€64,194 | +128% |
| Operating profit (loss) | 9901 | -€78,467 | €27,959 | +€106,427 | |
| Financial income | 75/76B | €248 | €536 | +€288 | +116% |
| Recurring financial income | 75 | €248 | €536 | +€288 | +116% |
| Financial charges | 65/66B | €11,844 | €8,682 | -€3,162 | -26.7% |
| Recurring financial charges | 65 | €11,844 | €8,682 | -€3,162 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€90,063 | €19,814 | +€109,877 | |
| Profit (loss) for the period | 9904 | -€90,063 | €19,814 | +€109,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,063 | €19,814 | +€109,877 |
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 22 October 2026 via checked.be.