INFI-DELY: 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-DELY
Largest movements
- Receivables within one year +€46,493
up €46,493 (+35.1%), from €132,459 to €178,952
of which Other amounts receivable: +€45,750
- Cash -€4,403
down €4,403 (-49.0%), from €8,993 to €4,590
mainly Receivables within one year (-€46,493) and Investment in fixed assets (net) (-€1,448)
- Deferred charges and accrued income -€1,993
down €1,993 (-32.0%), from €6,219 to €4,226
- Reserves +€26,123
up €26,123 (+37.3%), from €69,943 to €96,066
- Trade debts +€10,229
up €10,229 (+46.8%), from €21,863 to €32,091
- Tax, wage and social debts +€4,455
up €4,455 (+14.3%), from €31,246 to €35,700
of which Taxes: +€3,116
- Gross operating margin +€20,820
up €20,820 (+76.6%), from €27,193 to €48,013
- Taxes +€6,979
up €6,979 (+96.6%), from €7,221 to €14,200
- Staff costs +€2,468
new in 2025: €2,468
- Other operating charges +€1,921
up €1,921 (+425%), from €452 to €2,374
- Financial charges +€1,595
up €1,595 (+304%), from €524 to €2,118
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 | €148,185 | €188,997 | +€40,813 | +27.5% |
| Fixed assets | 21/28 | €514 | €1,230 | +€716 | +139% |
| Tangible fixed assets | 22/27 | €514 | €1,230 | +€716 | +139% |
| Furniture and vehicles | 24 | €514 | €1,230 | +€716 | +139% |
| Current assets | 29/58 | €147,671 | €187,767 | +€40,096 | +27.2% |
| Amounts receivable within one year | 40/41 | €132,459 | €178,952 | +€46,493 | +35.1% |
| Trade receivables | 40 | - | €743 | +€743 | |
| Other amounts receivable | 41 | €132,459 | €178,209 | +€45,750 | +34.5% |
| Cash at bank and in hand | 54/58 | €8,993 | €4,590 | -€4,403 | -49.0% |
| Deferred charges and accrued income | 490/1 | €6,219 | €4,226 | -€1,993 | -32.0% |
| Total equity and liabilities | 10/49 | €148,185 | €188,997 | +€40,813 | +27.5% |
| Equity | 10/15 | €95,077 | €121,199 | +€26,123 | +27.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €69,943 | €96,066 | +€26,123 | +37.3% |
| Distributable reserves | 133 | €69,943 | €96,066 | +€26,123 | +37.3% |
| Profit (loss) carried forward | 14 | €19,133 | €19,133 | = | 0.0% |
| Amounts payable | 17/49 | €53,108 | €67,798 | +€14,690 | +27.7% |
| Amounts payable within one year | 42/48 | €53,108 | €67,798 | +€14,690 | +27.7% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €21,863 | €32,091 | +€10,229 | +46.8% |
| Suppliers | 440/4 | €21,863 | €32,091 | +€10,229 | +46.8% |
| Taxes, remuneration and social security | 45 | €31,246 | €35,700 | +€4,455 | +14.3% |
| Taxes | 450/3 | €31,246 | €34,361 | +€3,116 | +10.0% |
| Remuneration and social security | 454/9 | - | €1,339 | +€1,339 | |
| Remuneration, social security and pensions | 62 | - | €2,468 | +€2,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €732 | +€465 | +175% |
| Other operating charges | 640/8 | €452 | €2,374 | +€1,921 | +425% |
| Gross operating margin | 9900 | €27,193 | €48,013 | +€20,820 | +76.6% |
| Operating profit (loss) | 9901 | €26,474 | €42,439 | +€15,965 | +60.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €524 | €2,118 | +€1,595 | +304% |
| Recurring financial charges | 65 | €524 | €2,118 | +€1,595 | +304% |
| Profit (loss) for the period before taxes | 9903 | €25,951 | €40,323 | +€14,372 | +55.4% |
| Income taxes | 67/77 | €7,221 | €14,200 | +€6,979 | +96.6% |
| Profit (loss) for the period | 9904 | €18,730 | €26,123 | +€7,393 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,730 | €26,123 | +€7,393 | +39.5% |
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 18 October 2026 via checked.be.