INFAX: 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.
INFAX
Largest movements
- Cash +€2,917
new in 2025: €2,917
mainly Net result for the year (+€4,744) and Trade debts (+€4,267)
- Receivables within one year +€1,485
up €1,485 (+3.6%), from €41,387 to €42,872
of which Trade receivables: +€2,032
- Current investments -€1,370
no longer reported in 2025 (was €1,370)
- Deferred charges and accrued income -€512
no longer reported in 2025 (was €512)
- Profit (loss) carried forward +€4,744
up €4,744 (+17.7%), from €26,768 to €31,512
- Trade debts +€4,267
up €4,267 (+154.6%), from €2,760 to €7,027
- Accrued charges and deferred income -€3,750
down €3,750 (-34.1%), from €11,000 to €7,250
- Tax, wage and social debts -€2,899
no longer reported in 2025 (was €2,899)
- Gross operating margin +€13,293
up €13,293, from -€7,903 to €5,390
- Other operating charges +€1,761
new in 2025: €1,761
- Financial income -€100
down €100 (-4.7%), from €2,108 to €2,008
- Depreciation -€91
down €91 (-36.4%), from €250 to €159
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 | €43,427 | €45,789 | +€2,362 | +5.4% |
| Fixed assets | 21/28 | €159 | - | -€159 | |
| Tangible fixed assets | 22/27 | €159 | - | -€159 | |
| Furniture and vehicles | 24 | €159 | - | -€159 | |
| Current assets | 29/58 | €43,268 | €45,789 | +€2,521 | +5.8% |
| Amounts receivable within one year | 40/41 | €41,387 | €42,872 | +€1,485 | +3.6% |
| Trade receivables | 40 | €3,730 | €5,762 | +€2,032 | +54.5% |
| Other amounts receivable | 41 | €37,657 | €37,110 | -€547 | -1.5% |
| Current investments | 50/53 | €1,370 | - | -€1,370 | |
| Cash at bank and in hand | 54/58 | - | €2,917 | +€2,917 | |
| Deferred charges and accrued income | 490/1 | €512 | - | -€512 | |
| Total equity and liabilities | 10/49 | €43,427 | €45,789 | +€2,362 | +5.4% |
| Equity | 10/15 | €26,768 | €31,512 | +€4,744 | +17.7% |
| Profit (loss) carried forward | 14 | €26,768 | €31,512 | +€4,744 | +17.7% |
| Amounts payable | 17/49 | €16,659 | €14,277 | -€2,382 | -14.3% |
| Amounts payable within one year | 42/48 | €5,659 | €7,027 | +€1,368 | +24.2% |
| Trade debts | 44 | €2,760 | €7,027 | +€4,267 | +154.6% |
| Suppliers | 440/4 | €2,760 | €7,027 | +€4,267 | +154.6% |
| Taxes, remuneration and social security | 45 | €2,899 | - | -€2,899 | |
| Taxes | 450/3 | €2,899 | - | -€2,899 | |
| Accrued charges and deferred income | 492/3 | €11,000 | €7,250 | -€3,750 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €159 | -€91 | -36.4% |
| Other operating charges | 640/8 | - | €1,761 | +€1,761 | |
| Gross operating margin | 9900 | -€7,903 | €5,390 | +€13,293 | |
| Operating profit (loss) | 9901 | -€8,153 | €3,471 | +€11,623 | |
| Financial income | 75/76B | €2,108 | €2,008 | -€100 | -4.7% |
| Recurring financial income | 75 | €2,108 | €2,008 | -€100 | -4.7% |
| Financial charges | 65/66B | €686 | €708 | +€22 | +3.2% |
| Recurring financial charges | 65 | €686 | €708 | +€22 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,731 | €4,770 | +€11,501 | |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€6,731 | €4,744 | +€11,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,731 | €4,744 | +€11,475 |
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 2 October 2026 via checked.be.