INFERENCA: 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.
INFERENCA
Largest movements
- Receivables within one year +€24,390
up €24,390 (+524.5%), from €4,650 to €29,040
- Cash +€10,662
up €10,662 (+44.0%), from €24,237 to €34,898
mainly Net result for the year (+€25,255) and Tax, wage and social debts (+€11,494)
- Tangible fixed assets -€7,463
down €7,463 (-33.9%), from €22,038 to €14,575
of which Furniture and vehicles: -€7,763
- Deferred charges and accrued income +€1,646
up €1,646 (+88.1%), from €1,868 to €3,514
- Reserves +€25,255
up €25,255 (+145.1%), from €17,406 to €42,661
- Tax, wage and social debts +€11,494
up €11,494 (+107.9%), from €10,655 to €22,149
- Debts after one year -€5,767
down €5,767 (-56.2%), from €10,256 to €4,490
- Other debts -€4,832
down €4,832 (-82.1%), from €5,888 to €1,055
- Trade debts +€2,334
up €2,334 (+142.2%), from €1,641 to €3,975
- Gross operating margin +€15,610
up €15,610 (+54.5%), from €28,642 to €44,252
- Depreciation +€5,671
up €5,671 (+221.8%), from €2,557 to €8,228
- Taxes +€3,072
up €3,072 (+55.6%), from €5,524 to €8,596
- Financial charges +€469
up €469 (+73.4%), from €639 to €1,108
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 | €52,793 | €82,028 | +€29,234 | +55.4% |
| Fixed assets | 21/28 | €22,038 | €14,575 | -€7,463 | -33.9% |
| Tangible fixed assets | 22/27 | €22,038 | €14,575 | -€7,463 | -33.9% |
| Plant, machinery and equipment | 23 | €1,292 | €1,592 | +€300 | +23.2% |
| Furniture and vehicles | 24 | €20,746 | €12,983 | -€7,763 | -37.4% |
| Current assets | 29/58 | €30,755 | €67,452 | +€36,698 | +119.3% |
| Amounts receivable within one year | 40/41 | €4,650 | €29,040 | +€24,390 | +524.5% |
| Trade receivables | 40 | €4,650 | €29,040 | +€24,390 | +524.5% |
| Cash at bank and in hand | 54/58 | €24,237 | €34,898 | +€10,662 | +44.0% |
| Deferred charges and accrued income | 490/1 | €1,868 | €3,514 | +€1,646 | +88.1% |
| Total equity and liabilities | 10/49 | €52,793 | €82,028 | +€29,234 | +55.4% |
| Equity | 10/15 | €17,506 | €42,761 | +€25,255 | +144.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €17,406 | €42,661 | +€25,255 | +145.1% |
| Distributable reserves | 133 | €17,406 | €42,661 | +€25,255 | +145.1% |
| Amounts payable | 17/49 | €35,287 | €39,267 | +€3,980 | +11.3% |
| Amounts payable after more than one year | 17 | €10,256 | €4,490 | -€5,767 | -56.2% |
| Financial debts | 170/4 | €10,256 | €4,490 | -€5,767 | -56.2% |
| Amounts payable within one year | 42/48 | €23,709 | €32,946 | +€9,237 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €5,525 | €5,767 | +€241 | +4.4% |
| Trade debts | 44 | €1,641 | €3,975 | +€2,334 | +142.2% |
| Suppliers | 440/4 | €1,641 | €3,975 | +€2,334 | +142.2% |
| Taxes, remuneration and social security | 45 | €10,655 | €22,149 | +€11,494 | +107.9% |
| Taxes | 450/3 | €10,655 | €22,149 | +€11,494 | +107.9% |
| Other amounts payable | 47/48 | €5,888 | €1,055 | -€4,832 | -82.1% |
| Accrued charges and deferred income | 492/3 | €1,321 | €1,831 | +€509 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,557 | €8,228 | +€5,671 | +221.8% |
| Other operating charges | 640/8 | €801 | €1,065 | +€264 | +33.0% |
| Gross operating margin | 9900 | €28,642 | €44,252 | +€15,610 | +54.5% |
| Operating profit (loss) | 9901 | €25,284 | €34,959 | +€9,675 | +38.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €639 | €1,108 | +€469 | +73.4% |
| Recurring financial charges | 65 | €639 | €1,108 | +€469 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €24,648 | €33,851 | +€9,203 | +37.3% |
| Income taxes | 67/77 | €5,524 | €8,596 | +€3,072 | +55.6% |
| Profit (loss) for the period | 9904 | €19,124 | €25,255 | +€6,131 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,124 | €25,255 | +€6,131 | +32.1% |
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 11 October 2026 via checked.be.