INFI - LETI: 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 - LETI
Largest movements
- Receivables within one year -€28,155
down €28,155 (-48.6%), from €57,986 to €29,831
of which Other amounts receivable: -€28,189
- Tangible fixed assets +€10,414
up €10,414 (+87.2%), from €11,937 to €22,350
of which Plant, machinery and equipment: +€20,360
- Deferred charges and accrued income -€4,964
down €4,964 (-29.5%), from €16,802 to €11,838
- Other debts -€19,410
down €19,410 (-77.6%), from €25,000 to €5,590
- Tax, wage and social debts -€12,229
down €12,229 (-63.5%), from €19,268 to €7,039
of which Taxes: -€12,229
- Debts after one year +€8,455
up €8,455 (+113%), from €7,512 to €15,967
- Current portion of long-term debt -€999
down €999 (-19.2%), from €5,202 to €4,204
- Taxes -€9,650
down €9,650, from €9,186 to -€464
- Gross operating margin +€5,651
up €5,651 (+32.0%), from €17,649 to €23,300
- Depreciation -€4,401
down €4,401 (-85.4%), from €5,156 to €755
- Financial charges +€2,014
up €2,014 (+635%), from €317 to €2,332
- Financial income -€1,262
down €1,262 (-29.2%), from €4,326 to €3,064
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 | €87,159 | €64,172 | -€22,987 | -26.4% |
| Fixed assets | 21/28 | €11,937 | €22,350 | +€10,414 | +87.2% |
| Tangible fixed assets | 22/27 | €11,937 | €22,350 | +€10,414 | +87.2% |
| Plant, machinery and equipment | 23 | - | €20,360 | +€20,360 | |
| Furniture and vehicles | 24 | €11,937 | €1,990 | -€9,946 | -83.3% |
| Current assets | 29/58 | €75,223 | €41,822 | -€33,400 | -44.4% |
| Amounts receivable within one year | 40/41 | €57,986 | €29,831 | -€28,155 | -48.6% |
| Trade receivables | 40 | €17,825 | €17,859 | +€34 | +0.2% |
| Other amounts receivable | 41 | €40,161 | €11,972 | -€28,189 | -70.2% |
| Cash at bank and in hand | 54/58 | €434 | €153 | -€281 | -64.8% |
| Deferred charges and accrued income | 490/1 | €16,802 | €11,838 | -€4,964 | -29.5% |
| Total equity and liabilities | 10/49 | €87,159 | €64,172 | -€22,987 | -26.4% |
| Equity | 10/15 | €27,143 | €27,447 | +€304 | +1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,143 | €25,447 | +€304 | +1.2% |
| Amounts payable | 17/49 | €60,016 | €36,725 | -€23,291 | -38.8% |
| Amounts payable after more than one year | 17 | €7,512 | €15,967 | +€8,455 | +113% |
| Financial debts | 170/4 | €7,512 | €15,967 | +€8,455 | +113% |
| Amounts payable within one year | 42/48 | €52,504 | €20,507 | -€31,997 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €5,202 | €4,204 | -€999 | -19.2% |
| Trade debts | 44 | €3,034 | €3,674 | +€640 | +21.1% |
| Suppliers | 440/4 | €3,034 | €3,674 | +€640 | +21.1% |
| Taxes, remuneration and social security | 45 | €19,268 | €7,039 | -€12,229 | -63.5% |
| Taxes | 450/3 | €19,268 | €7,039 | -€12,229 | -63.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €25,000 | €5,590 | -€19,410 | -77.6% |
| Accrued charges and deferred income | 492/3 | - | €251 | +€251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,156 | €755 | -€4,401 | -85.4% |
| Other operating charges | 640/8 | €5,648 | €5,437 | -€211 | -3.7% |
| Gross operating margin | 9900 | €17,649 | €23,300 | +€5,651 | +32.0% |
| Operating profit (loss) | 9901 | €6,845 | €17,109 | +€10,264 | +150% |
| Financial income | 75/76B | €4,326 | €3,064 | -€1,262 | -29.2% |
| Recurring financial income | 75 | €4,326 | €3,064 | -€1,262 | -29.2% |
| Financial charges | 65/66B | €317 | €2,332 | +€2,014 | +635% |
| Recurring financial charges | 65 | €317 | €2,332 | +€2,014 | +635% |
| Profit (loss) for the period before taxes | 9903 | €10,853 | €17,841 | +€6,987 | +64.4% |
| Income taxes | 67/77 | €9,186 | -€464 | -€9,650 | |
| Profit (loss) for the period | 9904 | €1,667 | €18,304 | +€16,637 | +998% |
| Profit (loss) for the period to be appropriated | 9905 | €1,667 | €18,304 | +€16,637 | +998% |
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 13 October 2026 via checked.be.