INFIA: 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.
INFIA
Largest movements
- Receivables within one year +€87,277
up €87,277 (+33.9%), from €257,077 to €344,354
of which Trade receivables: +€89,417
- Tangible fixed assets -€27,852
down €27,852 (-22.3%), from €125,069 to €97,217
of which Furniture and vehicles: -€31,126
- Cash +€11,685
up €11,685 (+348.6%), from €3,352 to €15,037
mainly Other debts (+€270,110) and Depreciation (+€32,347)
- Other debts +€270,110
up €270,110 (+611.4%), from €44,176 to €314,286
- Reserves -€145,677
down €145,677 (-58.8%), from €247,659 to €101,981
- Debts after one year -€46,515
down €46,515 (-27.2%), from €171,110 to €124,594
of which Financial debts: -€46,515
- Tax, wage and social debts -€14,088
down €14,088 (-45.4%), from €31,043 to €16,956
- Gross operating margin +€5,902
up €5,902 (+12.1%), from €48,616 to €54,518
- Taxes +€2,344
up €2,344 (+32.1%), from €7,306 to €9,650
- Financial charges -€1,397
down €1,397 (-18.2%), from €7,673 to €6,276
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 | €575,324 | €644,505 | +€69,182 | +12.0% |
| Fixed assets | 21/28 | €310,569 | €282,717 | -€27,852 | -9.0% |
| Tangible fixed assets | 22/27 | €125,069 | €97,217 | -€27,852 | -22.3% |
| Furniture and vehicles | 24 | €118,382 | €87,256 | -€31,126 | -26.3% |
| Other tangible fixed assets | 26 | €6,687 | €9,961 | +€3,274 | +49.0% |
| Financial fixed assets | 28 | €185,500 | €185,500 | = | 0.0% |
| Current assets | 29/58 | €264,754 | €361,788 | +€97,034 | +36.7% |
| Amounts receivable within one year | 40/41 | €257,077 | €344,354 | +€87,277 | +33.9% |
| Trade receivables | 40 | €90,583 | €180,000 | +€89,417 | +98.7% |
| Other amounts receivable | 41 | €166,494 | €164,354 | -€2,140 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,352 | €15,037 | +€11,685 | +348.6% |
| Deferred charges and accrued income | 490/1 | €4,325 | €2,397 | -€1,928 | -44.6% |
| Total equity and liabilities | 10/49 | €575,324 | €644,505 | +€69,182 | +12.0% |
| Equity | 10/15 | €266,259 | €120,581 | -€145,677 | -54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,659 | €101,981 | -€145,677 | -58.8% |
| Distributable reserves | 133 | €247,659 | €101,981 | -€145,677 | -58.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €309,065 | €523,924 | +€214,859 | +69.5% |
| Amounts payable after more than one year | 17 | €171,110 | €124,594 | -€46,515 | -27.2% |
| Financial debts | 170/4 | €143,110 | €96,594 | -€46,515 | -32.5% |
| Other amounts payable | 178/9 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,137 | €390,671 | +€260,534 | +200.2% |
| Current portion of amounts payable after more than one year | 42 | €46,822 | €48,191 | +€1,369 | +2.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,095 | €11,238 | +€3,143 | +38.8% |
| Suppliers | 440/4 | €8,095 | €11,238 | +€3,143 | +38.8% |
| Taxes, remuneration and social security | 45 | €31,043 | €16,956 | -€14,088 | -45.4% |
| Taxes | 450/3 | €31,043 | €16,956 | -€14,088 | -45.4% |
| Other amounts payable | 47/48 | €44,176 | €314,286 | +€270,110 | +611.4% |
| Accrued charges and deferred income | 492/3 | €7,819 | €8,659 | +€840 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,251 | €32,347 | +€96 | +0.3% |
| Other operating charges | 640/8 | €856 | €515 | -€342 | -39.9% |
| Gross operating margin | 9900 | €48,616 | €54,518 | +€5,902 | +12.1% |
| Operating profit (loss) | 9901 | €15,509 | €21,656 | +€6,147 | +39.6% |
| Financial income | 75/76B | €9,343 | €9,203 | -€140 | -1.5% |
| Recurring financial income | 75 | €9,343 | €9,203 | -€140 | -1.5% |
| Financial charges | 65/66B | €7,673 | €6,276 | -€1,397 | -18.2% |
| Recurring financial charges | 65 | €7,673 | €6,276 | -€1,397 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €17,179 | €24,582 | +€7,403 | +43.1% |
| Income taxes | 67/77 | €7,306 | €9,650 | +€2,344 | +32.1% |
| Profit (loss) for the period | 9904 | €9,873 | €14,932 | +€5,059 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,873 | €14,932 | +€5,059 | +51.2% |
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 3 October 2026 via checked.be.