INFI-D'OR BRUSSELS: 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-D'OR BRUSSELS
Largest movements
- Receivables within one year +€60,694
up €60,694 (+607%), from €10,000 to €70,694
of which Other amounts receivable: +€50,694
- Cash -€21,505
down €21,505 (-32.4%), from €66,422 to €44,917
mainly Receivables within one year (-€60,694) and Other debts (-€13,808)
- Tangible fixed assets -€3,001
down €3,001 (-11.4%), from €26,259 to €23,258
- Profit (loss) carried forward +€43,040
up €43,040 (+88.1%), from €48,875 to €91,915
- Other debts -€13,808
down €13,808 (-100%), from €13,808 to €0
- Current portion of long-term debt +€4,155
up €4,155 (+12.9%), from €32,214 to €36,370
- Tax, wage and social debts +€2,445
up €2,445 (+111%), from €2,204 to €4,650
of which Remuneration and social security: +€3,092
- Gross operating margin +€61,860
up €61,860 (+87.7%), from €70,561 to €132,421
- Staff costs +€53,614
up €53,614 (+355%), from €15,116 to €68,730
- Taxes +€12,372
new in 2025: €12,372
- Other operating charges +€1,642
up €1,642 (+67.2%), from €2,442 to €4,084
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 | €102,680 | €138,868 | +€36,188 | +35.2% |
| Fixed assets | 21/28 | €26,259 | €23,258 | -€3,001 | -11.4% |
| Tangible fixed assets | 22/27 | €26,259 | €23,258 | -€3,001 | -11.4% |
| Plant, machinery and equipment | 23 | €26,259 | €23,258 | -€3,001 | -11.4% |
| Current assets | 29/58 | €76,422 | €115,611 | +€39,189 | +51.3% |
| Amounts receivable within one year | 40/41 | €10,000 | €70,694 | +€60,694 | +607% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €10,000 | €60,694 | +€50,694 | +507% |
| Cash at bank and in hand | 54/58 | €66,422 | €44,917 | -€21,505 | -32.4% |
| Total equity and liabilities | 10/49 | €102,680 | €138,868 | +€36,188 | +35.2% |
| Equity | 10/15 | €50,875 | €93,915 | +€43,040 | +84.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,875 | €91,915 | +€43,040 | +88.1% |
| Amounts payable | 17/49 | €51,805 | €44,953 | -€6,852 | -13.2% |
| Amounts payable within one year | 42/48 | €51,805 | €44,953 | -€6,852 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €32,214 | €36,370 | +€4,155 | +12.9% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €3,579 | €3,905 | +€327 | +9.1% |
| Suppliers | 440/4 | €3,579 | €3,905 | +€327 | +9.1% |
| Taxes, remuneration and social security | 45 | €2,204 | €4,650 | +€2,445 | +111% |
| Taxes | 450/3 | €1,831 | €1,184 | -€647 | -35.3% |
| Remuneration and social security | 454/9 | €373 | €3,465 | +€3,092 | +829% |
| Other amounts payable | 47/48 | €13,808 | €0 | -€13,808 | -100% |
| Remuneration, social security and pensions | 62 | €15,116 | €68,730 | +€53,614 | +355% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,751 | €3,001 | -€750 | -20.0% |
| Other operating charges | 640/8 | €2,442 | €4,084 | +€1,642 | +67.2% |
| Gross operating margin | 9900 | €70,561 | €132,421 | +€61,860 | +87.7% |
| Operating profit (loss) | 9901 | €49,252 | €56,606 | +€7,354 | +14.9% |
| Financial charges | 65/66B | €376 | €1,195 | +€818 | +217% |
| Recurring financial charges | 65 | €376 | €1,195 | +€818 | +217% |
| Profit (loss) for the period before taxes | 9903 | €48,875 | €55,411 | +€6,536 | +13.4% |
| Income taxes | 67/77 | - | €12,372 | +€12,372 | |
| Profit (loss) for the period | 9904 | €48,875 | €43,040 | -€5,835 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,875 | €43,040 | -€5,835 | -11.9% |
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 29 October 2026 via checked.be.