INFI THOMAS & MATHIS: 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 THOMAS & MATHIS
Largest movements
- Cash +€13,492
up €13,492 (+45.9%), from €29,392 to €42,883
mainly Net result for the year (+€27,280) and Depreciation (+€11,277)
- Deferred charges and accrued income +€4,487
up €4,487 (+806%), from €557 to €5,044
- Reserves +€20,000
up €20,000 (+22.4%), from €89,195 to €109,195
- Contributions -€10,000
down €10,000 (-80.6%), from €12,400 to €2,400
- Profit (loss) carried forward +€7,280
up €7,280 (+85.8%), from €8,486 to €15,766
- Debts after one year -€7,208
down €7,208 (-5.5%), from €130,854 to €123,646
- Taxes -€5,748
down €5,748 (-34.9%), from €16,492 to €10,744
- Depreciation +€3,369
up €3,369 (+42.6%), from €7,908 to €11,277
- Financial charges +€3,207
up €3,207 (+83.7%), from €3,833 to €7,040
- Gross operating margin +€1,923
up €1,923 (+3.3%), from €58,984 to €60,906
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 | €264,365 | €276,151 | +€11,785 | +4.5% |
| Fixed assets | 21/28 | €210,297 | €209,048 | -€1,249 | -0.6% |
| Tangible fixed assets | 22/27 | €210,297 | €209,048 | -€1,249 | -0.6% |
| Land and buildings | 22 | €196,419 | €197,600 | +€1,180 | +0.6% |
| Furniture and vehicles | 24 | €2,048 | €1,253 | -€795 | -38.8% |
| Other tangible fixed assets | 26 | €11,829 | €10,195 | -€1,634 | -13.8% |
| Current assets | 29/58 | €54,068 | €67,102 | +€13,034 | +24.1% |
| Amounts receivable after more than one year | 29 | €9,792 | €7,516 | -€2,276 | -23.2% |
| Other amounts receivable | 291 | €9,792 | €7,516 | -€2,276 | -23.2% |
| Amounts receivable within one year | 40/41 | €14,327 | €11,659 | -€2,668 | -18.6% |
| Other amounts receivable | 41 | €14,327 | €11,659 | -€2,668 | -18.6% |
| Cash at bank and in hand | 54/58 | €29,392 | €42,883 | +€13,492 | +45.9% |
| Deferred charges and accrued income | 490/1 | €557 | €5,044 | +€4,487 | +806% |
| Total equity and liabilities | 10/49 | €264,365 | €276,151 | +€11,785 | +4.5% |
| Equity | 10/15 | €110,081 | €127,361 | +€17,280 | +15.7% |
| Contributions | 10/11 | €12,400 | €2,400 | -€10,000 | -80.6% |
| Reserves | 13 | €89,195 | €109,195 | +€20,000 | +22.4% |
| Distributable reserves | 133 | €89,195 | €109,195 | +€20,000 | +22.4% |
| Profit (loss) carried forward | 14 | €8,486 | €15,766 | +€7,280 | +85.8% |
| Amounts payable | 17/49 | €154,285 | €148,790 | -€5,495 | -3.6% |
| Amounts payable after more than one year | 17 | €130,854 | €123,646 | -€7,208 | -5.5% |
| Financial debts | 170/4 | €130,854 | €123,646 | -€7,208 | -5.5% |
| Amounts payable within one year | 42/48 | €23,430 | €25,144 | +€1,713 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €18,893 | €19,095 | +€202 | +1.1% |
| Trade debts | 44 | €1,306 | €3,437 | +€2,132 | +163% |
| Suppliers | 440/4 | €1,306 | €3,437 | +€2,132 | +163% |
| Taxes, remuneration and social security | 45 | €2,273 | €2,000 | -€273 | -12.0% |
| Taxes | 450/3 | €2,273 | €2,000 | -€273 | -12.0% |
| Other amounts payable | 47/48 | €959 | €611 | -€347 | -36.2% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,680 | +€160 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,908 | €11,277 | +€3,369 | +42.6% |
| Other operating charges | 640/8 | €2,745 | €3,105 | +€360 | +13.1% |
| Gross operating margin | 9900 | €58,984 | €60,906 | +€1,923 | +3.3% |
| Operating profit (loss) | 9901 | €46,811 | €44,844 | -€1,967 | -4.2% |
| Financial income | 75/76B | €264 | €220 | -€44 | -16.7% |
| Recurring financial income | 75 | €264 | €220 | -€44 | -16.7% |
| Financial charges | 65/66B | €3,833 | €7,040 | +€3,207 | +83.7% |
| Recurring financial charges | 65 | €3,833 | €7,040 | +€3,207 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €43,242 | €38,024 | -€5,218 | -12.1% |
| Income taxes | 67/77 | €16,492 | €10,744 | -€5,748 | -34.9% |
| Profit (loss) for the period | 9904 | €26,750 | €27,280 | +€531 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,750 | €27,280 | +€531 | +2.0% |
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 16 October 2026 via checked.be.