INFI-NATH: 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-NATH
Largest movements
- Deferred charges and accrued income -€19,305
down €19,305 (-100%), from €19,305 to €0
- Receivables after one year -€12,000
down €12,000 (-10.6%), from €113,000 to €101,000
- Tangible fixed assets -€8,003
down €8,003 (-40.1%), from €19,944 to €11,941
of which Plant, machinery and equipment: -€6,197
- Cash +€1,847
up €1,847 (+236%), from €781 to €2,628
mainly Deferred charges and accrued income (+€19,305) and Receivables after one year (+€12,000)
- Debts after one year -€17,225
down €17,225 (-56.0%), from €30,752 to €13,527
- Tax, wage and social debts -€13,572
down €13,572 (-47.9%), from €28,324 to €14,753
of which Taxes: -€7,419
- Other debts -€10,813
down €10,813 (-100%), from €10,813 to €0
- Profit (loss) carried forward +€6,732
up €6,732 (+98.5%), from €6,834 to €13,566
- Short-term financial debts +€4,794
up €4,794 (+93.2%), from €5,146 to €9,940
- Turnover +€144,157
new in 2025: €144,157
- Purchases and services +€109,725
new in 2025: €109,725
- Gross operating margin +€27,701
up €27,701 (+145%), from €19,104 to €46,805
- Taxes +€10,402
up €10,402, from -€1,678 to €8,724
- Financial income -€4,876
no longer reported in 2025 (was €4,876)
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 | €184,103 | €147,239 | -€36,864 | -20.0% |
| Fixed assets | 21/28 | €19,944 | €11,941 | -€8,003 | -40.1% |
| Tangible fixed assets | 22/27 | €19,944 | €11,941 | -€8,003 | -40.1% |
| Plant, machinery and equipment | 23 | €15,792 | €9,594 | -€6,197 | -39.2% |
| Furniture and vehicles | 24 | €4,153 | €2,347 | -€1,806 | -43.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €164,159 | €135,297 | -€28,861 | -17.6% |
| Amounts receivable after more than one year | 29 | €113,000 | €101,000 | -€12,000 | -10.6% |
| Other amounts receivable | 291 | €113,000 | €101,000 | -€12,000 | -10.6% |
| Amounts receivable within one year | 40/41 | €31,072 | €31,669 | +€597 | +1.9% |
| Trade receivables | 40 | €4,453 | €0 | -€4,453 | -100% |
| Other amounts receivable | 41 | €26,620 | €31,669 | +€5,049 | +19.0% |
| Cash at bank and in hand | 54/58 | €781 | €2,628 | +€1,847 | +236% |
| Deferred charges and accrued income | 490/1 | €19,305 | €0 | -€19,305 | -100% |
| Total equity and liabilities | 10/49 | €184,103 | €147,239 | -€36,864 | -20.0% |
| Equity | 10/15 | €82,676 | €89,407 | +€6,732 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,841 | €55,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €53,841 | €53,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,834 | €13,566 | +€6,732 | +98.5% |
| Amounts payable | 17/49 | €101,427 | €57,831 | -€43,596 | -43.0% |
| Amounts payable after more than one year | 17 | €30,752 | €13,527 | -€17,225 | -56.0% |
| Financial debts | 170/4 | €30,752 | €13,527 | -€17,225 | -56.0% |
| Amounts payable within one year | 42/48 | €67,585 | €44,304 | -€23,281 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €16,554 | €17,225 | +€671 | +4.1% |
| Financial debts | 43 | €5,146 | €9,940 | +€4,794 | +93.2% |
| Credit institutions | 430/8 | €5,146 | €9,940 | +€4,794 | +93.2% |
| Trade debts | 44 | €6,747 | €2,386 | -€4,361 | -64.6% |
| Suppliers | 440/4 | €6,747 | €2,386 | -€4,361 | -64.6% |
| Taxes, remuneration and social security | 45 | €28,324 | €14,753 | -€13,572 | -47.9% |
| Taxes | 450/3 | €20,786 | €13,367 | -€7,419 | -35.7% |
| Remuneration and social security | 454/9 | €7,538 | €1,386 | -€6,153 | -81.6% |
| Other amounts payable | 47/48 | €10,813 | €0 | -€10,813 | -100% |
| Accrued charges and deferred income | 492/3 | €3,090 | €0 | -€3,090 | -100% |
| Turnover | 70 | - | €144,157 | +€144,157 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €109,725 | +€109,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,067 | €8,288 | +€221 | +2.7% |
| Other operating charges | 640/8 | €387 | €928 | +€541 | +140% |
| Non-recurring operating charges | 66A | - | €17,907 | +€17,907 | |
| Gross operating margin | 9900 | €19,104 | €46,805 | +€27,701 | +145% |
| Operating profit (loss) | 9901 | €10,650 | €19,682 | +€9,032 | +84.8% |
| Financial income | 75/76B | €4,876 | - | -€4,876 | |
| Recurring financial income | 75 | €4,876 | - | -€4,876 | |
| Financial charges | 65/66B | €3,550 | €4,226 | +€677 | +19.1% |
| Recurring financial charges | 65 | €3,550 | €4,226 | +€677 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €11,977 | €15,456 | +€3,479 | +29.1% |
| Income taxes | 67/77 | -€1,678 | €8,724 | +€10,402 | |
| Profit (loss) for the period | 9904 | €13,654 | €6,732 | -€6,923 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,654 | €6,732 | -€6,923 | -50.7% |
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.