INFANO: 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.
What changed
INFANO
NACE 88.911, Day nurseries and crèches
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€866,039
2024 · €627,606+€238,433
Equity
€11.5m
2024 · €10.8m+€658,843
Cash
€8.6m
2024 · €8.7m-€71,146
Balance sheet total
€24.6m
2024 · €23.1m+€1.5m
Largest movements
Assets
- Receivables within one year +€969,707
up €969,707 (+66.8%), from €1.5m to €2.4m
of which Other amounts receivable: +€852,322
- Tangible fixed assets +€677,844
up €677,844 (+7.0%), from €9.7m to €10.4m
of which Other tangible fixed assets: +€924,456
Equity and liabilities
- Provisions +€1.0m
up €1.0m (+133.6%), from €775,727 to €1.8m
- Profit (loss) carried forward +€566,039
up €566,039 (+11.9%), from €4.8m to €5.3m
- Reserves +€300,000
up €300,000 (+7.5%), from €4.0m to €4.3m
Income statement
- Staff costs +€4.0m
up €4.0m (+13.8%), from €28.8m to €32.7m
- Turnover +€1.3m
up €1.3m (+9.5%), from €13.2m to €14.5m
- Services and other goods +€381,180
up €381,180 (+5.7%), from €6.7m to €7.0m
- Goods and materials +€308,136
up €308,136 (+10.4%), from €3.0m to €3.3m
- Depreciation +€216,035
up €216,035 (+16.6%), from €1.3m to €1.5m
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.
Result 2024
€627,606
Turnover
+€1.3m
Other operating income
+€40,832
Goods and materials
-€308,136
Services and other goods
-€381,180
Staff costs
-€4.0m
Depreciation
-€216,035
Write-downs
-€22,135
Other operating charges
-€10,777
Other operating items
+€3.8m
Financial income
-€3,859
Financial charges
+€24,079
Result 2025
€866,039
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.
From operations
+€2.4m
Investment
-€2.1m
Financing
-€320,411
Cash 2024
€8.7m
From operations (derived)
+€2.4m
Net result for the year
+€866,039
Depreciation
+€1.5m
Receivables within one year
-€969,707
Smaller working-capital items
-€3,091
Provisions
+€1.0m
Accrued charges and deferred income
-€58,577
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.2m
Current investments
+€50,000
Financing
-€320,411
Debts after one year
-€113,215
Contributions, distributions and other
-€207,196
Cash 2025
€8.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,063,036 | €24,585,792 | +€1.5m | +6.6% |
| Fixed assets | 21/28 | €9,765,476 | €10,437,144 | +€671,668 | +6.9% |
| Intangible fixed assets | 21 | €5,140 | €1,512 | -€3,628 | -70.6% |
| Tangible fixed assets | 22/27 | €9,689,221 | €10,367,065 | +€677,844 | +7.0% |
| Land and buildings | 22 | €3,696,343 | €3,313,626 | -€382,717 | -10.4% |
| Plant, machinery and equipment | 23 | €164,400 | €336,431 | +€172,031 | +104.6% |
| Furniture and vehicles | 24 | €218,515 | €182,588 | -€35,926 | -16.4% |
| Other tangible fixed assets | 26 | €5,609,964 | €6,534,419 | +€924,456 | +16.5% |
| Financial fixed assets | 28 | €71,114 | €68,567 | -€2,547 | -3.6% |
| Other financial fixed assets | 284/8 | €71,114 | €68,567 | -€2,547 | -3.6% |
| Amounts receivable and cash guarantees | 285/8 | €71,114 | €68,567 | -€2,547 | -3.6% |
| Current assets | 29/58 | €13,297,560 | €14,148,649 | +€851,089 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,452,282 | €2,421,989 | +€969,707 | +66.8% |
| Trade receivables | 40 | €1,186,206 | €1,303,591 | +€117,385 | +9.9% |
| Other amounts receivable | 41 | €266,076 | €1,118,398 | +€852,322 | +320.3% |
| Current investments | 50/53 | €2,700,000 | €2,650,000 | -€50,000 | -1.9% |
| Cash at bank and in hand | 54/58 | €8,687,566 | €8,616,420 | -€71,146 | -0.8% |
| Deferred charges and accrued income | 490/1 | €457,713 | €460,240 | +€2,527 | +0.6% |
| Total equity and liabilities | 10/49 | €23,063,036 | €24,585,792 | +€1.5m | +6.6% |
| Equity | 10/15 | €10,818,841 | €11,477,684 | +€658,843 | +6.1% |
| Contributions | 10/11 | €432,663 | €432,663 | = | 0.0% |
| Capital | 10 | €432,663 | €432,663 | = | 0.0% |
| Reserves | 13 | €4,025,000 | €4,325,000 | +€300,000 | +7.5% |
| Profit (loss) carried forward | 14 | €4,750,509 | €5,316,548 | +€566,039 | +11.9% |
| Investment grants | 15 | €1,610,669 | €1,403,474 | -€207,196 | -12.9% |
| Provisions and deferred taxes | 16 | €775,727 | €1,811,996 | +€1.0m | +133.6% |
| Provisions for liabilities and charges | 160/5 | €775,727 | €1,811,996 | +€1.0m | +133.6% |
| Major repairs and maintenance | 162 | - | €83,844 | +€83,844 | |
| Other liabilities and charges | 164/5 | €775,727 | €1,728,152 | +€952,425 | +122.8% |
| Amounts payable | 17/49 | €11,468,468 | €11,296,111 | -€172,356 | -1.5% |
| Amounts payable after more than one year | 17 | €696,369 | €583,154 | -€113,215 | -16.3% |
| Financial debts | 170/4 | €696,369 | €583,154 | -€113,215 | -16.3% |
| Credit institutions | 173 | €243,369 | €142,654 | -€100,715 | -41.4% |
| Other loans | 174 | €453,000 | €440,500 | -€12,500 | -2.8% |
| Amounts payable within one year | 42/48 | €10,098,378 | €10,097,814 | -€564 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €113,829 | €112,982 | -€847 | -0.7% |
| Financial debts | 43 | €2,082,438 | €1,902,997 | -€179,441 | -8.6% |
| Credit institutions | 430/8 | €2,082,438 | €1,902,997 | -€179,441 | -8.6% |
| Trade debts | 44 | €681,788 | €638,803 | -€42,985 | -6.3% |
| Suppliers | 440/4 | €681,788 | €638,803 | -€42,985 | -6.3% |
| Taxes, remuneration and social security | 45 | €6,109,016 | €6,628,001 | +€518,985 | +8.5% |
| Taxes | 450/3 | €597,343 | €835,724 | +€238,381 | +39.9% |
| Remuneration and social security | 454/9 | €5,511,673 | €5,792,277 | +€280,604 | +5.1% |
| Accrued charges and deferred income | 492/3 | €673,721 | €615,143 | -€58,577 | -8.7% |
| Operating income | 70/76A | €40,810,259 | €46,522,446 | +€5.7m | +14.0% |
| Turnover | 70 | €13,205,344 | €14,460,807 | +€1.3m | +9.5% |
| Own construction capitalised | 72 | €461,256 | €526,350 | +€65,094 | +14.1% |
| Other operating income | 74 | €406,026 | €446,858 | +€40,832 | +10.1% |
| Non-recurring operating income | 76A | €12,374 | €21,687 | +€9,313 | +75.3% |
| Operating charges | 60/66A | €40,175,996 | €45,669,969 | +€5.5m | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €2,956,074 | €3,264,210 | +€308,136 | +10.4% |
| Purchases | 600/8 | €2,956,074 | €3,264,210 | +€308,136 | +10.4% |
| Services and other goods | 61 | €6,659,718 | €7,040,897 | +€381,180 | +5.7% |
| Remuneration, social security and pensions | 62 | €28,764,562 | €32,733,570 | +€4.0m | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303,478 | €1,519,514 | +€216,035 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,346 | €23,481 | +€22,135 | +1644.0% |
| Other operating charges | 640/8 | €60,756 | €71,533 | +€10,777 | +17.7% |
| Non-recurring operating charges | 66A | €335 | €495 | +€160 | +47.6% |
| Operating profit (loss) | 9901 | €634,263 | €852,477 | +€218,214 | +34.4% |
| Financial income | 75/76B | €88,742 | €84,883 | -€3,859 | -4.3% |
| Recurring financial income | 75 | €88,742 | €84,883 | -€3,859 | -4.3% |
| Income from financial fixed assets | 750 | €77,933 | €66,289 | -€11,643 | -14.9% |
| Income from current assets | 751 | €10,675 | €18,550 | +€7,875 | +73.8% |
| Other financial income | 752/9 | €134 | €43 | -€91 | -67.8% |
| Financial charges | 65/66B | €95,399 | €71,321 | -€24,079 | -25.2% |
| Recurring financial charges | 65 | €95,399 | €71,321 | -€24,079 | -25.2% |
| Debt charges | 650 | €95,378 | €71,226 | -€24,152 | -25.3% |
| Other financial charges | 652/9 | €21 | €94 | +€73 | +340.9% |
| Profit (loss) for the period before taxes | 9903 | €627,606 | €866,039 | +€238,433 | +38.0% |
| Profit (loss) for the period | 9904 | €627,606 | €866,039 | +€238,433 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €627,606 | €866,039 | +€238,433 | +38.0% |
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 5 October 2026 via checked.be.