INFI BENARD: 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.
INFI BENARD
Largest movements
- Cash -€15,828
down €15,828 (-22.8%), from €69,437 to €53,609
mainly Other debts (-€20,000) and Receivables within one year (-€1,800)
- Receivables within one year +€1,800
up €1,800 (+21.2%), from €8,488 to €10,288
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€6,262
up €6,262 (+20.4%), from €30,652 to €36,914
- Gross operating margin -€35,753
down €35,753 (-60.0%), from €59,599 to €23,846
- Taxes +€6,511
up €6,511 (+65.1%), from €10,000 to €16,511
- Other operating charges -€918
down €918 (-50.0%), from €1,837 to €919
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 | €78,130 | €64,047 | -€14,083 | -18.0% |
| Fixed assets | 21/28 | €205 | €150 | -€55 | -26.8% |
| Tangible fixed assets | 22/27 | €55 | - | -€55 | |
| Plant, machinery and equipment | 23 | €55 | - | -€55 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €77,925 | €63,897 | -€14,028 | -18.0% |
| Amounts receivable within one year | 40/41 | €8,488 | €10,288 | +€1,800 | +21.2% |
| Other amounts receivable | 41 | €8,488 | €10,288 | +€1,800 | +21.2% |
| Cash at bank and in hand | 54/58 | €69,437 | €53,609 | -€15,828 | -22.8% |
| Total equity and liabilities | 10/49 | €78,130 | €64,047 | -€14,083 | -18.0% |
| Equity | 10/15 | €51,112 | €57,374 | +€6,262 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,652 | €36,914 | +€6,262 | +20.4% |
| Amounts payable | 17/49 | €27,018 | €6,673 | -€20,345 | -75.3% |
| Amounts payable within one year | 42/48 | €27,018 | €6,673 | -€20,345 | -75.3% |
| Trade debts | 44 | - | €43 | +€43 | |
| Suppliers | 440/4 | - | €43 | +€43 | |
| Taxes, remuneration and social security | 45 | €7,018 | €6,630 | -€388 | -5.5% |
| Taxes | 450/3 | €7,018 | €6,627 | -€391 | -5.6% |
| Remuneration and social security | 454/9 | - | €3 | +€3 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €55 | -€273 | -83.2% |
| Other operating charges | 640/8 | €1,837 | €919 | -€918 | -50.0% |
| Gross operating margin | 9900 | €59,599 | €23,846 | -€35,753 | -60.0% |
| Operating profit (loss) | 9901 | €57,434 | €22,872 | -€34,562 | -60.2% |
| Financial income | 75/76B | €504 | €1 | -€503 | -99.8% |
| Recurring financial income | 75 | €504 | €1 | -€503 | -99.8% |
| Financial charges | 65/66B | €74 | €100 | +€26 | +35.1% |
| Recurring financial charges | 65 | €74 | €100 | +€26 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €57,864 | €22,773 | -€35,091 | -60.6% |
| Income taxes | 67/77 | €10,000 | €16,511 | +€6,511 | +65.1% |
| Profit (loss) for the period | 9904 | €47,864 | €6,262 | -€41,602 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,864 | €6,262 | -€41,602 | -86.9% |
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 24 October 2026 via checked.be.