INFI.REFLEX+: what changed
Two fiscal 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.REFLEX+
Largest movements
- Receivables within one year -€28,130
down €28,130 (-81.9%), from €34,336 to €6,206
of which Other amounts receivable: -€19,914
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Cash +€18,014
up €18,014 (+151.2%), from €11,918 to €29,932
mainly Receivables within one year (+€28,130) and Receivables after one year (+€25,000)
- Contributions -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Other debts +€14,861
new in 2025: €14,861
- Reserves -€6,180
down €6,180 (-34.4%), from €17,980 to €11,800
- Tax, wage and social debts +€4,185
up €4,185 (+96.0%), from €4,360 to €8,546
of which Taxes: +€4,185
- Trade debts -€2,663
down €2,663 (-68.3%), from €3,899 to €1,236
- Gross operating margin +€10,124
up €10,124 (+106.3%), from €9,520 to €19,645
- Taxes +€3,530
up €3,530 (+140.3%), from €2,516 to €6,046
- Financial charges -€496
down €496 (-25.8%), from €1,926 to €1,430
- Other operating charges -€245
down €245 (-51.7%), from €475 to €229
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.
Cash bridge derived
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 | €71,547 | €36,818 | -€34,728 | -48.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €240 | €169 | -€72 | -29.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €215 | €144 | -€72 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €215 | €144 | -€72 | -33.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €71,306 | €36,650 | -€34,656 | -48.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €34,336 | €6,206 | -€28,130 | -81.9% |
| Trade receivables | 40 | €14,422 | €6,206 | -€8,216 | -57.0% |
| Other amounts receivable | 41 | €19,914 | €0 | -€19,914 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,918 | €29,932 | +€18,014 | +151.2% |
| Deferred charges and accrued income | 490/1 | €53 | €512 | +€459 | +872.9% |
| Total equity and liabilities | 10/49 | €71,547 | €36,818 | -€34,728 | -48.5% |
| Equity | 10/15 | €63,287 | €12,176 | -€51,112 | -80.8% |
| Contributions | 10/11 | €45,000 | €0 | -€45,000 | -100.0% |
| Reserves | 13 | €17,980 | €11,800 | -€6,180 | -34.4% |
| Distributable reserves | 133 | €17,980 | €11,800 | -€6,180 | -34.4% |
| Profit (loss) carried forward | 14 | €307 | €376 | +€68 | +22.2% |
| Amounts payable | 17/49 | €8,259 | €24,643 | +€16,383 | +198.4% |
| Amounts payable within one year | 42/48 | €8,259 | €24,643 | +€16,383 | +198.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,899 | €1,236 | -€2,663 | -68.3% |
| Suppliers | 440/4 | €3,899 | €1,236 | -€2,663 | -68.3% |
| Taxes, remuneration and social security | 45 | €4,360 | €8,546 | +€4,185 | +96.0% |
| Taxes | 450/3 | €4,360 | €8,546 | +€4,185 | +96.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €14,861 | +€14,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €72 | = | 0.0% |
| Other operating charges | 640/8 | €475 | €229 | -€245 | -51.7% |
| Gross operating margin | 9900 | €9,520 | €19,645 | +€10,124 | +106.3% |
| Operating profit (loss) | 9901 | €8,974 | €19,344 | +€10,370 | +115.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,926 | €1,430 | -€496 | -25.8% |
| Recurring financial charges | 65 | €1,926 | €1,430 | -€496 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €7,048 | €17,914 | +€10,866 | +154.2% |
| Income taxes | 67/77 | €2,516 | €6,046 | +€3,530 | +140.3% |
| Profit (loss) for the period | 9904 | €4,533 | €11,868 | +€7,336 | +161.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,533 | €11,868 | +€7,336 | +161.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.