INFI-TIF: 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-TIF
Largest movements
- Receivables within one year -€128,660
down €128,660 (-88.3%), from €145,629 to €16,969
of which Other amounts receivable: -€133,647
- Tangible fixed assets -€10,836
down €10,836 (-46.1%), from €23,512 to €12,675
- Cash -€6,845
down €6,845 (-13.8%), from €49,742 to €42,897
mainly Other debts (-€131,446) and Contributions, distributions and other (-€30,000)
- Other debts -€131,446
down €131,446 (-76.9%), from €171,033 to €39,587
- Profit (loss) carried forward +€15,974
up €15,974, from €0 to €15,974
- Tax, wage and social debts -€14,219
down €14,219 (-89.0%), from €15,979 to €1,760
of which Taxes: -€14,243
- Debts after one year -€9,590
no longer reported in 2025 (was €9,590)
- Current portion of long-term debt -€6,311
down €6,311 (-39.7%), from €15,901 to €9,590
- Gross operating margin +€16,178
up €16,178 (+26.5%), from €60,957 to €77,136
- Taxes +€3,234
up €3,234 (+34.4%), from €9,413 to €12,647
- Other operating charges -€894
down €894 (-53.6%), from €1,667 to €773
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 | €221,128 | €74,906 | -€146,222 | -66.1% |
| Fixed assets | 21/28 | €23,512 | €12,675 | -€10,836 | -46.1% |
| Tangible fixed assets | 22/27 | €23,512 | €12,675 | -€10,836 | -46.1% |
| Furniture and vehicles | 24 | €23,512 | €12,675 | -€10,836 | -46.1% |
| Current assets | 29/58 | €197,616 | €62,231 | -€135,386 | -68.5% |
| Amounts receivable within one year | 40/41 | €145,629 | €16,969 | -€128,660 | -88.3% |
| Trade receivables | 40 | €42 | €5,030 | +€4,987 | +11,796% |
| Other amounts receivable | 41 | €145,587 | €11,940 | -€133,647 | -91.8% |
| Cash at bank and in hand | 54/58 | €49,742 | €42,897 | -€6,845 | -13.8% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,364 | +€119 | +5.3% |
| Total equity and liabilities | 10/49 | €221,128 | €74,906 | -€146,222 | -66.1% |
| Equity | 10/15 | €5,000 | €20,974 | +€15,974 | +319% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €15,974 | +€15,974 | |
| Amounts payable | 17/49 | €216,128 | €53,932 | -€162,196 | -75.0% |
| Amounts payable after more than one year | 17 | €9,590 | - | -€9,590 | |
| Financial debts | 170/4 | €9,590 | - | -€9,590 | |
| Amounts payable within one year | 42/48 | €206,538 | €53,932 | -€152,607 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €15,901 | €9,590 | -€6,311 | -39.7% |
| Trade debts | 44 | €3,626 | €2,996 | -€630 | -17.4% |
| Suppliers | 440/4 | €3,626 | €2,996 | -€630 | -17.4% |
| Taxes, remuneration and social security | 45 | €15,979 | €1,760 | -€14,219 | -89.0% |
| Taxes | 450/3 | €14,243 | - | -€14,243 | |
| Remuneration and social security | 454/9 | €1,736 | €1,760 | +€24 | +1.4% |
| Other amounts payable | 47/48 | €171,033 | €39,587 | -€131,446 | -76.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,811 | €15,748 | -€63 | -0.4% |
| Other operating charges | 640/8 | €1,667 | €773 | -€894 | -53.6% |
| Non-recurring operating charges | 66A | - | €950 | +€950 | |
| Gross operating margin | 9900 | €60,957 | €77,136 | +€16,178 | +26.5% |
| Operating profit (loss) | 9901 | €43,479 | €59,665 | +€16,185 | +37.2% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €1,533 | €1,051 | -€482 | -31.4% |
| Recurring financial charges | 65 | €1,533 | €1,051 | -€482 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €41,947 | €58,622 | +€16,675 | +39.8% |
| Income taxes | 67/77 | €9,413 | €12,647 | +€3,234 | +34.4% |
| Profit (loss) for the period | 9904 | €32,534 | €45,974 | +€13,441 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,534 | €45,974 | +€13,441 | +41.3% |
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 26 October 2026 via checked.be.