INFI MANAL: 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 MANAL
Largest movements
- Cash +€11,811
up €11,811 (+21.6%), from €54,633 to €66,444
mainly Net result for the year (+€15,190) and Other debts (+€3,198)
- Deferred charges and accrued income -€2,977
down €2,977 (-45.7%), from €6,510 to €3,533
- Tangible fixed assets -€1,271
down €1,271 (-30.3%), from €4,200 to €2,929
- Profit (loss) carried forward +€15,190
up €15,190 (+36.9%), from €41,134 to €56,323
- Tax, wage and social debts -€10,310
down €10,310 (-62.0%), from €16,625 to €6,315
- Other debts +€3,198
up €3,198 (+632%), from €506 to €3,705
- Gross operating margin +€21,874
up €21,874 (+362%), from €6,046 to €27,920
- Taxes +€5,849
up €5,849 (+709%), from €825 to €6,674
- Staff costs +€2,094
new in 2025: €2,094
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 | €65,343 | €72,906 | +€7,563 | +11.6% |
| Fixed assets | 21/28 | €4,200 | €2,929 | -€1,271 | -30.3% |
| Tangible fixed assets | 22/27 | €4,200 | €2,929 | -€1,271 | -30.3% |
| Furniture and vehicles | 24 | €4,200 | €2,929 | -€1,271 | -30.3% |
| Current assets | 29/58 | €61,143 | €69,977 | +€8,834 | +14.4% |
| Cash at bank and in hand | 54/58 | €54,633 | €66,444 | +€11,811 | +21.6% |
| Deferred charges and accrued income | 490/1 | €6,510 | €3,533 | -€2,977 | -45.7% |
| Total equity and liabilities | 10/49 | €65,343 | €72,906 | +€7,563 | +11.6% |
| Equity | 10/15 | €47,334 | €62,523 | +€15,190 | +32.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,134 | €56,323 | +€15,190 | +36.9% |
| Amounts payable | 17/49 | €18,009 | €10,383 | -€7,627 | -42.3% |
| Amounts payable within one year | 42/48 | €18,009 | €10,383 | -€7,627 | -42.3% |
| Trade debts | 44 | €878 | €363 | -€515 | -58.6% |
| Suppliers | 440/4 | €878 | €363 | -€515 | -58.6% |
| Taxes, remuneration and social security | 45 | €16,625 | €6,315 | -€10,310 | -62.0% |
| Taxes | 450/3 | €16,625 | €6,315 | -€10,310 | -62.0% |
| Other amounts payable | 47/48 | €506 | €3,705 | +€3,198 | +632% |
| Remuneration, social security and pensions | 62 | - | €2,094 | +€2,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,009 | €2,750 | -€260 | -8.6% |
| Other operating charges | 640/8 | €867 | €1,049 | +€182 | +21.0% |
| Gross operating margin | 9900 | €6,046 | €27,920 | +€21,874 | +362% |
| Operating profit (loss) | 9901 | €2,171 | €22,028 | +€19,857 | +915% |
| Financial charges | 65/66B | €65 | €164 | +€99 | +153% |
| Recurring financial charges | 65 | €65 | €164 | +€99 | +153% |
| Profit (loss) for the period before taxes | 9903 | €2,106 | €21,864 | +€19,758 | +938% |
| Income taxes | 67/77 | €825 | €6,674 | +€5,849 | +709% |
| Profit (loss) for the period | 9904 | €1,281 | €15,190 | +€13,909 | +1,086% |
| Profit (loss) for the period to be appropriated | 9905 | €1,281 | €15,190 | +€13,909 | +1,086% |
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.