INFARBO: 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.
INFARBO
Largest movements
- Financial fixed assets +€666,120
up €666,120 (+227%), from €293,500 to €959,620
- Receivables within one year +€15,668
up €15,668 (+26.8%), from €58,454 to €74,122
of which Trade receivables: +€13,292
- Tangible fixed assets -€12,861
down €12,861 (-32.6%), from €39,393 to €26,532
- Contributions +€666,120
up €666,120 (+3,581%), from €18,600 to €684,720
- Reserves -€265,274
down €265,274 (-100%), from €265,274 to €0
of which Distributable reserves: -€263,414
- Other debts +€245,885
up €245,885 (+24,509%), from €1,003 to €246,888
- Tax, wage and social debts +€49,282
up €49,282 (+325%), from €15,152 to €64,434
of which Taxes: +€49,282
- Debts after one year -€37,303
down €37,303 (-30.8%), from €121,007 to €83,703
- Financial income -€39,023
down €39,023 (-94.3%), from €41,399 to €2,376
- Taxes +€2,297
up €2,297 (+22.8%), from €10,082 to €12,379
- Financial charges -€977
down €977 (-27.5%), from €3,559 to €2,582
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 | €457,721 | €1,117,543 | +€659,822 | +144% |
| Fixed assets | 21/28 | €332,893 | €986,152 | +€653,259 | +196% |
| Tangible fixed assets | 22/27 | €39,393 | €26,532 | -€12,861 | -32.6% |
| Furniture and vehicles | 24 | €39,393 | €26,532 | -€12,861 | -32.6% |
| Financial fixed assets | 28 | €293,500 | €959,620 | +€666,120 | +227% |
| Current assets | 29/58 | €124,829 | €131,391 | +€6,562 | +5.3% |
| Amounts receivable within one year | 40/41 | €58,454 | €74,122 | +€15,668 | +26.8% |
| Trade receivables | 40 | €13,552 | €26,844 | +€13,292 | +98.1% |
| Other amounts receivable | 41 | €44,902 | €47,278 | +€2,376 | +5.3% |
| Cash at bank and in hand | 54/58 | €66,375 | €57,269 | -€9,106 | -13.7% |
| Total equity and liabilities | 10/49 | €457,721 | €1,117,543 | +€659,822 | +144% |
| Equity | 10/15 | €283,874 | €684,720 | +€400,846 | +141% |
| Contributions | 10/11 | €18,600 | €684,720 | +€666,120 | +3,581% |
| Reserves | 13 | €265,274 | €0 | -€265,274 | -100% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €263,414 | €0 | -€263,414 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €173,847 | €432,823 | +€258,976 | +149% |
| Amounts payable after more than one year | 17 | €121,007 | €83,703 | -€37,303 | -30.8% |
| Financial debts | 170/4 | €121,007 | €83,703 | -€37,303 | -30.8% |
| Amounts payable within one year | 42/48 | €52,840 | €349,119 | +€296,279 | +561% |
| Current portion of amounts payable after more than one year | 42 | €36,504 | €37,303 | +€799 | +2.2% |
| Trade debts | 44 | €181 | €494 | +€313 | +173% |
| Suppliers | 440/4 | €181 | €494 | +€313 | +173% |
| Taxes, remuneration and social security | 45 | €15,152 | €64,434 | +€49,282 | +325% |
| Taxes | 450/3 | €13,852 | €63,134 | +€49,282 | +356% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €1,003 | €246,888 | +€245,885 | +24,509% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,861 | €12,861 | = | 0.0% |
| Other operating charges | 640/8 | €608 | €701 | +€94 | +15.4% |
| Gross operating margin | 9900 | €56,860 | €56,957 | +€97 | +0.2% |
| Operating profit (loss) | 9901 | €43,391 | €43,395 | +€3 | 0.0% |
| Financial income | 75/76B | €41,399 | €2,376 | -€39,023 | -94.3% |
| Recurring financial income | 75 | €41,399 | €2,376 | -€39,023 | -94.3% |
| Financial charges | 65/66B | €3,559 | €2,582 | -€977 | -27.5% |
| Recurring financial charges | 65 | €3,559 | €2,582 | -€977 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €81,231 | €43,189 | -€38,042 | -46.8% |
| Income taxes | 67/77 | €10,082 | €12,379 | +€2,297 | +22.8% |
| Profit (loss) for the period | 9904 | €71,149 | €30,811 | -€40,339 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,149 | €30,811 | -€40,339 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.