INFI-KHAD: 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-KHAD
Largest movements
- Cash -€52,608
down €52,608 (-70.8%), from €74,354 to €21,746
mainly Net result for the year (-€56,619) and Investment in fixed assets (net) (-€9,680)
- Tangible fixed assets -€13,105
down €13,105 (-30.4%), from €43,146 to €30,041
of which Furniture and vehicles: -€11,752
- Receivables within one year -€5,799
down €5,799 (-22.7%), from €25,498 to €19,699
of which Other amounts receivable: -€9,558
- Profit (loss) carried forward -€56,619
down €56,619 (-60.6%), from €93,378 to €36,759
- Tax, wage and social debts -€7,462
down €7,462 (-43.9%), from €17,015 to €9,553
of which Taxes: -€9,266
- Other debts -€6,174
down €6,174 (-49.1%), from €12,585 to €6,411
- Trade debts -€1,838
down €1,838 (-9.8%), from €18,829 to €16,991
- Staff costs +€45,217
up €45,217 (+86.8%), from €52,119 to €97,336
- Gross operating margin -€38,893
down €38,893 (-33.0%), from €117,899 to €79,005
- Other operating charges +€9,179
up €9,179 (+209%), from €4,388 to €13,567
- Taxes -€8,145
down €8,145 (-87.0%), from €9,367 to €1,221
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 | €143,806 | €71,713 | -€72,093 | -50.1% |
| Fixed assets | 21/28 | €43,374 | €30,269 | -€13,105 | -30.2% |
| Tangible fixed assets | 22/27 | €43,146 | €30,041 | -€13,105 | -30.4% |
| Plant, machinery and equipment | 23 | €3,633 | €3,539 | -€94 | -2.6% |
| Furniture and vehicles | 24 | €30,210 | €18,459 | -€11,752 | -38.9% |
| Other tangible fixed assets | 26 | €9,303 | €8,043 | -€1,259 | -13.5% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €100,433 | €41,444 | -€58,988 | -58.7% |
| Amounts receivable within one year | 40/41 | €25,498 | €19,699 | -€5,799 | -22.7% |
| Trade receivables | 40 | - | €3,759 | +€3,759 | |
| Other amounts receivable | 41 | €25,498 | €15,940 | -€9,558 | -37.5% |
| Cash at bank and in hand | 54/58 | €74,354 | €21,746 | -€52,608 | -70.8% |
| Deferred charges and accrued income | 490/1 | €581 | - | -€581 | |
| Total equity and liabilities | 10/49 | €143,806 | €71,713 | -€72,093 | -50.1% |
| Equity | 10/15 | €95,378 | €38,759 | -€56,619 | -59.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,378 | €36,759 | -€56,619 | -60.6% |
| Amounts payable | 17/49 | €48,428 | €32,954 | -€15,474 | -32.0% |
| Amounts payable within one year | 42/48 | €48,428 | €32,954 | -€15,474 | -32.0% |
| Trade debts | 44 | €18,829 | €16,991 | -€1,838 | -9.8% |
| Suppliers | 440/4 | €18,829 | €16,991 | -€1,838 | -9.8% |
| Taxes, remuneration and social security | 45 | €17,015 | €9,553 | -€7,462 | -43.9% |
| Taxes | 450/3 | €9,367 | €101 | -€9,266 | -98.9% |
| Remuneration and social security | 454/9 | €7,648 | €9,452 | +€1,804 | +23.6% |
| Other amounts payable | 47/48 | €12,585 | €6,411 | -€6,174 | -49.1% |
| Remuneration, social security and pensions | 62 | €52,119 | €97,336 | +€45,217 | +86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,999 | €22,785 | +€786 | +3.6% |
| Other operating charges | 640/8 | €4,388 | €13,567 | +€9,179 | +209% |
| Non-recurring operating charges | 66A | - | €549 | +€549 | |
| Gross operating margin | 9900 | €117,899 | €79,005 | -€38,893 | -33.0% |
| Operating profit (loss) | 9901 | €39,393 | -€55,231 | -€94,624 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €710 | €196 | -€514 | -72.4% |
| Recurring financial charges | 65 | €710 | €196 | -€514 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €38,683 | -€55,398 | -€94,081 | |
| Income taxes | 67/77 | €9,367 | €1,221 | -€8,145 | -87.0% |
| Profit (loss) for the period | 9904 | €29,316 | -€56,619 | -€85,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,316 | -€56,619 | -€85,935 |
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.