INFARAMA: 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.
INFARAMA
Largest movements
- Cash +€98,726
up €98,726 (+14.6%), from €674,839 to €773,565
mainly Net result for the year (+€704,227) and Other debts (+€104,730)
- Receivables within one year +€85,734
up €85,734 (+16.3%), from €526,751 to €612,485
of which Trade receivables: +€85,506
- Tangible fixed assets +€18,179
up €18,179 (+10.8%), from €168,853 to €187,032
of which Furniture and vehicles: +€9,405
- Other debts +€104,730
up €104,730 (+17.5%), from €599,497 to €704,227
- Trade debts +€83,533
up €83,533 (+99.9%), from €83,635 to €167,168
- Tax, wage and social debts +€42,151
up €42,151 (+20.5%), from €205,757 to €247,909
of which Taxes: +€26,791
- Gross operating margin +€327,109
up €327,109 (+17.9%), from €1.8m to €2.2m
- Staff costs +€187,520
up €187,520 (+19.8%), from €945,279 to €1.1m
- Taxes +€35,263
up €35,263 (+17.0%), from €207,327 to €242,590
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 | €1,418,343 | €1,628,626 | +€210,283 | +14.8% |
| Fixed assets | 21/28 | €212,873 | €231,059 | +€18,186 | +8.5% |
| Tangible fixed assets | 22/27 | €168,853 | €187,032 | +€18,179 | +10.8% |
| Plant, machinery and equipment | 23 | €10,209 | €18,308 | +€8,099 | +79.3% |
| Furniture and vehicles | 24 | €37,708 | €47,113 | +€9,405 | +24.9% |
| Other tangible fixed assets | 26 | €120,936 | €121,611 | +€675 | +0.6% |
| Financial fixed assets | 28 | €44,020 | €44,027 | +€7 | 0.0% |
| Current assets | 29/58 | €1,205,470 | €1,397,567 | +€192,097 | +15.9% |
| Amounts receivable within one year | 40/41 | €526,751 | €612,485 | +€85,734 | +16.3% |
| Trade receivables | 40 | €526,751 | €612,257 | +€85,506 | +16.2% |
| Other amounts receivable | 41 | €0 | €228 | +€228 | |
| Cash at bank and in hand | 54/58 | €674,839 | €773,565 | +€98,726 | +14.6% |
| Deferred charges and accrued income | 490/1 | €3,880 | €11,516 | +€7,637 | +196.8% |
| Total equity and liabilities | 10/49 | €1,418,343 | €1,628,626 | +€210,283 | +14.8% |
| Equity | 10/15 | €450,269 | €450,269 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €443,710 | €443,710 | = | 0.0% |
| Distributable reserves | 133 | €443,710 | €443,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €359 | €359 | = | 0.0% |
| Amounts payable | 17/49 | €968,073 | €1,178,356 | +€210,283 | +21.7% |
| Amounts payable after more than one year | 17 | €12,197 | €0 | -€12,197 | -100.0% |
| Financial debts | 170/4 | €12,197 | €0 | -€12,197 | -100.0% |
| Amounts payable within one year | 42/48 | €905,043 | €1,131,501 | +€226,458 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €16,153 | €12,197 | -€3,956 | -24.5% |
| Trade debts | 44 | €83,635 | €167,168 | +€83,533 | +99.9% |
| Suppliers | 440/4 | €83,635 | €167,168 | +€83,533 | +99.9% |
| Taxes, remuneration and social security | 45 | €205,757 | €247,909 | +€42,151 | +20.5% |
| Taxes | 450/3 | €74,054 | €100,845 | +€26,791 | +36.2% |
| Remuneration and social security | 454/9 | €131,703 | €147,064 | +€15,361 | +11.7% |
| Other amounts payable | 47/48 | €599,497 | €704,227 | +€104,730 | +17.5% |
| Accrued charges and deferred income | 492/3 | €50,834 | €46,855 | -€3,978 | -7.8% |
| Remuneration, social security and pensions | 62 | €945,279 | €1,132,799 | +€187,520 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,561 | €71,981 | +€7,420 | +11.5% |
| Other operating charges | 640/8 | €8,666 | €2,248 | -€6,418 | -74.1% |
| Gross operating margin | 9900 | €1,826,687 | €2,153,796 | +€327,109 | +17.9% |
| Operating profit (loss) | 9901 | €808,181 | €946,768 | +€138,587 | +17.1% |
| Financial income | 75/76B | €1,627 | €1,406 | -€220 | -13.6% |
| Recurring financial income | 75 | €1,627 | €1,406 | -€220 | -13.6% |
| Financial charges | 65/66B | €2,984 | €1,357 | -€1,627 | -54.5% |
| Recurring financial charges | 65 | €2,984 | €1,357 | -€1,627 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €806,824 | €946,817 | +€139,994 | +17.4% |
| Income taxes | 67/77 | €207,327 | €242,590 | +€35,263 | +17.0% |
| Profit (loss) for the period | 9904 | €599,497 | €704,227 | +€104,730 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €599,497 | €704,227 | +€104,730 | +17.5% |
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.