INFI Ncy: 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 Ncy
Largest movements
- Tangible fixed assets +€36,644
up €36,644 (+288%), from €12,727 to €49,371
- Intangible fixed assets -€14,000
down €14,000 (-27.9%), from €50,167 to €36,167
- Cash +€6,581
up €6,581 (+390%), from €1,689 to €8,270
mainly Debts after one year (+€23,248) and Depreciation (+€19,269)
- Debts after one year +€23,248
up €23,248 (+55.9%), from €41,601 to €64,850
- Profit (loss) carried forward +€14,769
up €14,769 (+54.8%), from €26,951 to €41,720
- Other debts -€12,235
no longer reported in 2025 (was €12,235)
- Trade debts +€3,826
up €3,826 (+157%), from €2,430 to €6,256
- Current portion of long-term debt +€2,980
up €2,980 (+13.4%), from €22,219 to €25,198
- Gross operating margin -€2,298
down €2,298 (-4.2%), from €54,816 to €52,518
- Taxes +€2,182
up €2,182 (+30.7%), from €7,117 to €9,299
- Depreciation -€1,492
down €1,492 (-7.2%), from €20,761 to €19,269
- Financial charges +€573
up €573 (+10.0%), from €5,743 to €6,316
of which Financial charges: +€2,586
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 | €110,067 | €140,524 | +€30,457 | +27.7% |
| Fixed assets | 21/28 | €62,894 | €85,537 | +€22,644 | +36.0% |
| Intangible fixed assets | 21 | €50,167 | €36,167 | -€14,000 | -27.9% |
| Tangible fixed assets | 22/27 | €12,727 | €49,371 | +€36,644 | +288% |
| Furniture and vehicles | 24 | €12,727 | €49,371 | +€36,644 | +288% |
| Current assets | 29/58 | €47,173 | €54,986 | +€7,813 | +16.6% |
| Amounts receivable within one year | 40/41 | €45,442 | €45,575 | +€134 | +0.3% |
| Trade receivables | 40 | €38,827 | €15,389 | -€23,438 | -60.4% |
| Other amounts receivable | 41 | €6,614 | €30,186 | +€23,572 | +356% |
| Current investments | 50/53 | - | €999 | +€999 | |
| Cash at bank and in hand | 54/58 | €1,689 | €8,270 | +€6,581 | +390% |
| Deferred charges and accrued income | 490/1 | €43 | €141 | +€99 | +232% |
| Total equity and liabilities | 10/49 | €110,067 | €140,524 | +€30,457 | +27.7% |
| Equity | 10/15 | €29,451 | €44,220 | +€14,769 | +50.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,951 | €41,720 | +€14,769 | +54.8% |
| Amounts payable | 17/49 | €80,616 | €96,303 | +€15,687 | +19.5% |
| Amounts payable after more than one year | 17 | €41,601 | €64,850 | +€23,248 | +55.9% |
| Financial debts | 170/4 | €41,601 | €64,850 | +€23,248 | +55.9% |
| Amounts payable within one year | 42/48 | €39,015 | €31,454 | -€7,561 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €22,219 | €25,198 | +€2,980 | +13.4% |
| Trade debts | 44 | €2,430 | €6,256 | +€3,826 | +157% |
| Suppliers | 440/4 | €2,430 | €6,256 | +€3,826 | +157% |
| Taxes, remuneration and social security | 45 | €2,131 | - | -€2,131 | |
| Remuneration and social security | 454/9 | €2,131 | - | -€2,131 | |
| Other amounts payable | 47/48 | €12,235 | - | -€12,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,761 | €19,269 | -€1,492 | -7.2% |
| Other operating charges | 640/8 | €469 | €409 | -€60 | -12.8% |
| Non-recurring operating charges | 66A | - | €2,456 | +€2,456 | |
| Gross operating margin | 9900 | €54,816 | €52,518 | -€2,298 | -4.2% |
| Operating profit (loss) | 9901 | €33,586 | €30,385 | -€3,202 | -9.5% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €5,743 | €6,316 | +€573 | +10.0% |
| Recurring financial charges | 65 | €3,534 | €6,120 | +€2,586 | +73.2% |
| Non-recurring financial charges | 66B | €2,209 | €196 | -€2,013 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €27,863 | €24,068 | -€3,795 | -13.6% |
| Income taxes | 67/77 | €7,117 | €9,299 | +€2,182 | +30.7% |
| Profit (loss) for the period | 9904 | €20,747 | €14,769 | -€5,977 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,747 | €14,769 | -€5,977 | -28.8% |
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 31 October 2026 via checked.be.