INFI TAZ: 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 TAZ
Largest movements
- Deferred charges and accrued income -€31,366
down €31,366 (-92.8%), from €33,785 to €2,418
- Receivables within one year +€19,995
up €19,995 (+79.6%), from €25,120 to €45,115
of which Other amounts receivable: +€21,591
- Tangible fixed assets -€3,779
down €3,779 (-9.3%), from €40,691 to €36,911
of which Leasing and similar rights: -€7,290
- Cash +€2,266
up €2,266 (+58.1%), from €3,900 to €6,166
mainly Deferred charges and accrued income (+€31,366) and Other debts (+€15,000)
- Trade debts -€16,384
down €16,384 (-66.4%), from €24,680 to €8,296
- Other debts +€15,000
new in 2025: €15,000
- Profit (loss) carried forward -€14,014
down €14,014 (-39.0%), from €35,915 to €21,901
- Tax, wage and social debts +€7,516
up €7,516 (+53.0%), from €14,176 to €21,692
- Debts after one year -€5,268
down €5,268 (-25.4%), from €20,721 to €15,453
- Gross operating margin -€18,101
down €18,101 (-37.8%), from €47,862 to €29,761
- Taxes -€5,950
down €5,950 (-43.7%), from €13,616 to €7,666
- Depreciation +€5,627
up €5,627 (+111%), from €5,056 to €10,683
- Other operating charges +€4,036
up €4,036 (+275%), from €1,468 to €5,504
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 | €103,496 | €90,610 | -€12,885 | -12.5% |
| Fixed assets | 21/28 | €40,691 | €36,911 | -€3,779 | -9.3% |
| Tangible fixed assets | 22/27 | €40,691 | €36,911 | -€3,779 | -9.3% |
| Plant, machinery and equipment | 23 | €2,359 | €1,405 | -€954 | -40.4% |
| Furniture and vehicles | 24 | €4,670 | €9,135 | +€4,465 | +95.6% |
| Leasing and similar rights | 25 | €33,661 | €26,371 | -€7,290 | -21.7% |
| Current assets | 29/58 | €62,805 | €53,699 | -€9,106 | -14.5% |
| Amounts receivable within one year | 40/41 | €25,120 | €45,115 | +€19,995 | +79.6% |
| Trade receivables | 40 | €7,462 | €5,866 | -€1,596 | -21.4% |
| Other amounts receivable | 41 | €17,658 | €39,249 | +€21,591 | +122% |
| Cash at bank and in hand | 54/58 | €3,900 | €6,166 | +€2,266 | +58.1% |
| Deferred charges and accrued income | 490/1 | €33,785 | €2,418 | -€31,366 | -92.8% |
| Total equity and liabilities | 10/49 | €103,496 | €90,610 | -€12,885 | -12.5% |
| Equity | 10/15 | €38,915 | €24,901 | -€14,014 | -36.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,915 | €21,901 | -€14,014 | -39.0% |
| Amounts payable | 17/49 | €64,581 | €65,709 | +€1,129 | +1.7% |
| Amounts payable after more than one year | 17 | €20,721 | €15,453 | -€5,268 | -25.4% |
| Financial debts | 170/4 | €20,721 | €15,453 | -€5,268 | -25.4% |
| Amounts payable within one year | 42/48 | €43,859 | €50,256 | +€6,397 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €5,003 | €5,268 | +€265 | +5.3% |
| Trade debts | 44 | €24,680 | €8,296 | -€16,384 | -66.4% |
| Suppliers | 440/4 | €24,680 | €8,296 | -€16,384 | -66.4% |
| Taxes, remuneration and social security | 45 | €14,176 | €21,692 | +€7,516 | +53.0% |
| Taxes | 450/3 | €14,176 | €21,692 | +€7,516 | +53.0% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,056 | €10,683 | +€5,627 | +111% |
| Other operating charges | 640/8 | €1,468 | €5,504 | +€4,036 | +275% |
| Gross operating margin | 9900 | €47,862 | €29,761 | -€18,101 | -37.8% |
| Operating profit (loss) | 9901 | €41,338 | €13,574 | -€27,764 | -67.2% |
| Financial income | 75/76B | €4 | €2 | -€2 | -52.9% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -52.9% |
| Financial charges | 65/66B | €1,172 | €1,631 | +€459 | +39.2% |
| Recurring financial charges | 65 | €1,172 | €1,631 | +€459 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €40,170 | €11,945 | -€28,225 | -70.3% |
| Income taxes | 67/77 | €13,616 | €7,666 | -€5,950 | -43.7% |
| Profit (loss) for the period | 9904 | €26,553 | €4,279 | -€22,275 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,553 | €4,279 | -€22,275 | -83.9% |
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 27 October 2026 via checked.be.