INFARMED: 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.
INFARMED
Largest movements
- Tangible fixed assets -€11,198
down €11,198 (-3.9%), from €290,052 to €278,854
of which Land and buildings: -€9,912
- Cash +€4,491
up €4,491 (+9.3%), from €48,526 to €53,017
mainly Depreciation (+€11,198) and Accrued charges and deferred income (+€2,926)
- Profit (loss) carried forward -€9,051
down €9,051, from €0 to -€9,051
- Gross operating margin -€22,577
down €22,577 (-76.4%), from €29,559 to €6,983
- Financial charges -€4,671
down €4,671 (-78.0%), from €5,990 to €1,319
- Other operating charges -€1,231
down €1,231 (-31.5%), from €3,912 to €2,681
- Financial income +€642
up €642 (+1,605%), from €40 to €682
- Taxes +€456
up €456 (+43.0%), from €1,061 to €1,517
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 | €393,892 | €387,332 | -€6,560 | -1.7% |
| Fixed assets | 21/28 | €290,052 | €278,854 | -€11,198 | -3.9% |
| Tangible fixed assets | 22/27 | €290,052 | €278,854 | -€11,198 | -3.9% |
| Land and buildings | 22 | €287,581 | €277,668 | -€9,912 | -3.4% |
| Furniture and vehicles | 24 | €215 | €30 | -€186 | -86.3% |
| Other tangible fixed assets | 26 | €2,256 | €1,157 | -€1,100 | -48.7% |
| Current assets | 29/58 | €103,840 | €108,478 | +€4,638 | +4.5% |
| Amounts receivable within one year | 40/41 | €5,314 | €5,314 | = | 0.0% |
| Other amounts receivable | 41 | €5,314 | €5,314 | = | 0.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,526 | €53,017 | +€4,491 | +9.3% |
| Deferred charges and accrued income | 490/1 | €0 | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €393,892 | €387,332 | -€6,560 | -1.7% |
| Equity | 10/15 | €285,834 | €276,783 | -€9,051 | -3.2% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €278,398 | €278,398 | = | 0.0% |
| Distributable reserves | 133 | €278,398 | €278,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€9,051 | -€9,051 | |
| Amounts payable | 17/49 | €108,058 | €110,549 | +€2,491 | +2.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €101,671 | €101,237 | -€434 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €472 | €478 | +€6 | +1.3% |
| Suppliers | 440/4 | €472 | €478 | +€6 | +1.3% |
| Taxes, remuneration and social security | 45 | €934 | €493 | -€440 | -47.2% |
| Taxes | 450/3 | €934 | €493 | -€440 | -47.2% |
| Other amounts payable | 47/48 | €100,266 | €100,266 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,386 | €9,312 | +€2,926 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,198 | €11,198 | = | 0.0% |
| Other operating charges | 640/8 | €3,912 | €2,681 | -€1,231 | -31.5% |
| Gross operating margin | 9900 | €29,559 | €6,983 | -€22,577 | -76.4% |
| Operating profit (loss) | 9901 | €14,449 | -€6,897 | -€21,346 | |
| Financial income | 75/76B | €40 | €682 | +€642 | +1,605% |
| Recurring financial income | 75 | €40 | €682 | +€642 | +1,605% |
| Financial charges | 65/66B | €5,990 | €1,319 | -€4,671 | -78.0% |
| Recurring financial charges | 65 | €5,990 | €1,319 | -€4,671 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €8,499 | -€7,534 | -€16,033 | |
| Income taxes | 67/77 | €1,061 | €1,517 | +€456 | +43.0% |
| Profit (loss) for the period | 9904 | €7,438 | -€9,051 | -€16,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,438 | -€9,051 | -€16,489 |
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 26 October 2026 via checked.be.