INFI-MU: 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-MU
Largest movements
- Receivables within one year -€16,481
down €16,481 (-43.8%), from €37,604 to €21,123
of which Other amounts receivable: -€13,697
- Deferred charges and accrued income +€4,015
up €4,015 (+2,722%), from €148 to €4,163
- Intangible fixed assets -€1,500
down €1,500 (-10.7%), from €14,000 to €12,500
- Tangible fixed assets +€1,175
up €1,175 (+103%), from €1,142 to €2,316
- Reserves -€18,282
down €18,282 (-33.2%), from €55,085 to €36,803
of which Distributable reserves: -€18,282
- Tax, wage and social debts +€6,189
new in 2025: €6,189
- Current portion of long-term debt -€932
down €932 (-55.1%), from €1,691 to €759
- Gross operating margin +€16,324
up €16,324 (+216%), from €7,542 to €23,866
- Taxes +€13,117
up €13,117, from -€132 to €12,985
- Depreciation -€6,172
down €6,172 (-77.9%), from €7,926 to €1,754
- Financial charges -€354
down €354 (-51.8%), from €683 to €329
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 | €60,543 | €48,081 | -€12,462 | -20.6% |
| Fixed assets | 21/28 | €15,172 | €14,846 | -€325 | -2.1% |
| Intangible fixed assets | 21 | €14,000 | €12,500 | -€1,500 | -10.7% |
| Tangible fixed assets | 22/27 | €1,142 | €2,316 | +€1,175 | +103% |
| Furniture and vehicles | 24 | €1,142 | €2,316 | +€1,175 | +103% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €45,371 | €33,235 | -€12,137 | -26.7% |
| Amounts receivable within one year | 40/41 | €37,604 | €21,123 | -€16,481 | -43.8% |
| Trade receivables | 40 | €2,784 | - | -€2,784 | |
| Other amounts receivable | 41 | €34,820 | €21,123 | -€13,697 | -39.3% |
| Cash at bank and in hand | 54/58 | €7,620 | €7,949 | +€329 | +4.3% |
| Deferred charges and accrued income | 490/1 | €148 | €4,163 | +€4,015 | +2,722% |
| Total equity and liabilities | 10/49 | €60,543 | €48,081 | -€12,462 | -20.6% |
| Equity | 10/15 | €58,852 | €40,570 | -€18,282 | -31.1% |
| Contributions | 10/11 | €3,720 | €3,720 | = | 0.0% |
| Reserves | 13 | €55,085 | €36,803 | -€18,282 | -33.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,225 | €34,943 | -€18,282 | -34.3% |
| Profit (loss) carried forward | 14 | €47 | €47 | = | 0.0% |
| Amounts payable | 17/49 | €1,691 | €7,511 | +€5,820 | +344% |
| Amounts payable within one year | 42/48 | €1,691 | €7,511 | +€5,820 | +344% |
| Current portion of amounts payable after more than one year | 42 | €1,691 | €759 | -€932 | -55.1% |
| Trade debts | 44 | - | €563 | +€563 | |
| Suppliers | 440/4 | - | €563 | +€563 | |
| Taxes, remuneration and social security | 45 | - | €6,189 | +€6,189 | |
| Taxes | 450/3 | - | €6,189 | +€6,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €1,754 | -€6,172 | -77.9% |
| Other operating charges | 640/8 | €406 | €397 | -€9 | -2.2% |
| Gross operating margin | 9900 | €7,542 | €23,866 | +€16,324 | +216% |
| Operating profit (loss) | 9901 | -€790 | €21,714 | +€22,504 | |
| Financial income | 75/76B | €1,211 | €1,098 | -€114 | -9.4% |
| Recurring financial income | 75 | €1,211 | €1,098 | -€114 | -9.4% |
| Financial charges | 65/66B | €683 | €329 | -€354 | -51.8% |
| Recurring financial charges | 65 | €683 | €329 | -€354 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€262 | €22,483 | +€22,745 | |
| Income taxes | 67/77 | -€132 | €12,985 | +€13,117 | |
| Profit (loss) for the period | 9904 | -€130 | €9,498 | +€9,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130 | €9,498 | +€9,628 |
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 23 October 2026 via checked.be.