INFESTIM: 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.
INFESTIM
Largest movements
- Cash +€48,095
up €48,095 (+38.3%), from €125,510 to €173,605
mainly Depreciation (+€31,272) and Receivables within one year (+€9,808)
- Tangible fixed assets -€31,272
down €31,272 (-15.0%), from €207,822 to €176,550
- Receivables within one year -€9,808
down €9,808 (-97.7%), from €10,036 to €228
of which Trade receivables: -€9,680
- Reserves +€33,219
up €33,219 (+16.7%), from €199,330 to €232,549
of which Distributable reserves: +€35,081
- Revaluation surpluses -€30,963
down €30,963 (-25.0%), from €123,849 to €92,886
- Tax, wage and social debts +€4,844
up €4,844 (+325.5%), from €1,488 to €6,332
- Gross operating margin +€38,512
up €38,512 (+682.8%), from €5,640 to €44,152
- Taxes +€4,063
new in 2025: €4,063
- Depreciation -€1,283
down €1,283 (-3.9%), from €32,555 to €31,272
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 | €343,368 | €350,383 | +€7,015 | +2.0% |
| Fixed assets | 21/28 | €207,822 | €176,550 | -€31,272 | -15.0% |
| Tangible fixed assets | 22/27 | €207,822 | €176,550 | -€31,272 | -15.0% |
| Land and buildings | 22 | €207,822 | €176,550 | -€31,272 | -15.0% |
| Current assets | 29/58 | €135,546 | €173,833 | +€38,287 | +28.2% |
| Amounts receivable within one year | 40/41 | €10,036 | €228 | -€9,808 | -97.7% |
| Trade receivables | 40 | €9,680 | - | -€9,680 | |
| Other amounts receivable | 41 | €356 | €228 | -€128 | -36.0% |
| Cash at bank and in hand | 54/58 | €125,510 | €173,605 | +€48,095 | +38.3% |
| Total equity and liabilities | 10/49 | €343,368 | €350,383 | +€7,015 | +2.0% |
| Equity | 10/15 | €341,795 | €344,051 | +€2,256 | +0.7% |
| Contributions | 10/11 | €18,616 | €18,616 | = | 0.0% |
| Revaluation surpluses | 12 | €123,849 | €92,886 | -€30,963 | -25.0% |
| Reserves | 13 | €199,330 | €232,549 | +€33,219 | +16.7% |
| Non-distributable reserves | 130/1 | €1,862 | - | -€1,862 | |
| Reserves not available under the articles | 1311 | €1,862 | - | -€1,862 | |
| Distributable reserves | 133 | €197,468 | €232,549 | +€35,081 | +17.8% |
| Amounts payable | 17/49 | €1,573 | €6,332 | +€4,759 | +302.5% |
| Amounts payable within one year | 42/48 | €1,573 | €6,332 | +€4,759 | +302.5% |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Taxes, remuneration and social security | 45 | €1,488 | €6,332 | +€4,844 | +325.5% |
| Taxes | 450/3 | €1,488 | €6,332 | +€4,844 | +325.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,555 | €31,272 | -€1,283 | -3.9% |
| Other operating charges | 640/8 | €7,158 | €7,252 | +€94 | +1.3% |
| Gross operating margin | 9900 | €5,640 | €44,152 | +€38,512 | +682.8% |
| Operating profit (loss) | 9901 | -€34,073 | €5,628 | +€39,701 | |
| Financial income | 75/76B | €760 | €722 | -€38 | -5.0% |
| Recurring financial income | 75 | €760 | €722 | -€38 | -5.0% |
| Financial charges | 65/66B | €29 | €29 | = | 0.0% |
| Recurring financial charges | 65 | €29 | €29 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,342 | €6,321 | +€39,663 | |
| Income taxes | 67/77 | - | €4,063 | +€4,063 | |
| Profit (loss) for the period | 9904 | -€33,342 | €2,258 | +€35,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,342 | €2,258 | +€35,600 |
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 9 October 2026 via checked.be.