INFI SAI: 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 SAI
Largest movements
- Cash +€30,443
up €30,443 (+26.0%), from €117,211 to €147,654
mainly Net result for the year (+€50,986) and Other debts (+€46,373)
- Tangible fixed assets -€22,081
down €22,081 (-24.6%), from €89,783 to €67,701
of which Furniture and vehicles: -€16,332
- Receivables within one year +€12,170
up €12,170 (+47.2%), from €25,776 to €37,946
of which Other amounts receivable: +€13,761
- Deferred charges and accrued income -€3,919
down €3,919 (-35.7%), from €10,984 to €7,064
- Other debts +€46,373
new in 2025: €46,373
- Reserves -€26,571
down €26,571 (-14.0%), from €189,449 to €162,878
- Debts after one year -€23,418
down €23,418 (-37.6%), from €62,290 to €38,872
- Trade debts +€9,854
up €9,854 (+144.6%), from €6,815 to €16,670
- Current portion of long-term debt +€6,126
up €6,126 (+27.5%), from €22,260 to €28,386
- Gross operating margin -€29,143
down €29,143 (-19.4%), from €150,235 to €121,092
- Taxes -€10,685
down €10,685 (-34.5%), from €30,934 to €20,249
- Staff costs +€7,914
up €7,914 (+58.1%), from €13,614 to €21,527
- Depreciation -€1,863
down €1,863 (-7.5%), from €24,891 to €23,028
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 | €297,804 | €314,416 | +€16,612 | +5.6% |
| Fixed assets | 21/28 | €89,833 | €67,751 | -€22,081 | -24.6% |
| Tangible fixed assets | 22/27 | €89,783 | €67,701 | -€22,081 | -24.6% |
| Land and buildings | 22 | €4,951 | €4,202 | -€749 | -15.1% |
| Furniture and vehicles | 24 | €64,832 | €48,499 | -€16,332 | -25.2% |
| Other tangible fixed assets | 26 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €207,971 | €246,664 | +€38,693 | +18.6% |
| Amounts receivable after more than one year | 29 | €54,000 | €54,000 | = | 0.0% |
| Other amounts receivable | 291 | €54,000 | €54,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,776 | €37,946 | +€12,170 | +47.2% |
| Trade receivables | 40 | €2,437 | €846 | -€1,591 | -65.3% |
| Other amounts receivable | 41 | €23,339 | €37,100 | +€13,761 | +59.0% |
| Cash at bank and in hand | 54/58 | €117,211 | €147,654 | +€30,443 | +26.0% |
| Deferred charges and accrued income | 490/1 | €10,984 | €7,064 | -€3,919 | -35.7% |
| Total equity and liabilities | 10/49 | €297,804 | €314,416 | +€16,612 | +5.6% |
| Equity | 10/15 | €201,849 | €175,278 | -€26,571 | -13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,449 | €162,878 | -€26,571 | -14.0% |
| Distributable reserves | 133 | €189,449 | €162,878 | -€26,571 | -14.0% |
| Amounts payable | 17/49 | €95,955 | €139,138 | +€43,183 | +45.0% |
| Amounts payable after more than one year | 17 | €62,290 | €38,872 | -€23,418 | -37.6% |
| Financial debts | 170/4 | €62,290 | €38,872 | -€23,418 | -37.6% |
| Amounts payable within one year | 42/48 | €33,665 | €100,266 | +€66,601 | +197.8% |
| Current portion of amounts payable after more than one year | 42 | €22,260 | €28,386 | +€6,126 | +27.5% |
| Financial debts | 43 | - | €1,023 | +€1,023 | |
| Credit institutions | 430/8 | - | €1,023 | +€1,023 | |
| Trade debts | 44 | €6,815 | €16,670 | +€9,854 | +144.6% |
| Suppliers | 440/4 | €6,815 | €16,670 | +€9,854 | +144.6% |
| Taxes, remuneration and social security | 45 | €4,590 | €7,814 | +€3,224 | +70.2% |
| Taxes | 450/3 | €4,590 | €7,814 | +€3,224 | +70.2% |
| Other amounts payable | 47/48 | - | €46,373 | +€46,373 | |
| Non-recurring operating income | 76A | €7,200 | - | -€7,200 | |
| Remuneration, social security and pensions | 62 | €13,614 | €21,527 | +€7,914 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,891 | €23,028 | -€1,863 | -7.5% |
| Other operating charges | 640/8 | €5,116 | €3,809 | -€1,307 | -25.5% |
| Non-recurring operating charges | 66A | - | €1,555 | +€1,555 | |
| Gross operating margin | 9900 | €150,235 | €121,092 | -€29,143 | -19.4% |
| Operating profit (loss) | 9901 | €106,614 | €71,172 | -€35,442 | -33.2% |
| Financial income | 75/76B | €2,623 | €3,457 | +€834 | +31.8% |
| Recurring financial income | 75 | €2,623 | €3,457 | +€834 | +31.8% |
| Financial charges | 65/66B | €3,243 | €3,395 | +€152 | +4.7% |
| Recurring financial charges | 65 | €3,243 | €3,395 | +€152 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €105,994 | €71,234 | -€34,759 | -32.8% |
| Income taxes | 67/77 | €30,934 | €20,249 | -€10,685 | -34.5% |
| Profit (loss) for the period | 9904 | €75,060 | €50,986 | -€24,074 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,060 | €50,986 | -€24,074 | -32.1% |
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 12 October 2026 via checked.be.