INFIBIO: 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.
INFIBIO
Largest movements
- Receivables within one year -€51,901
down €51,901 (-27.2%), from €191,155 to €139,254
- Cash +€8,415
new in 2025: €8,415
mainly Receivables within one year (+€51,901) and Net result for the year (+€12,971)
- Tangible fixed assets -€3,750
down €3,750 (-31.5%), from €11,900 to €8,150
- Trade debts -€34,715
down €34,715 (-56.8%), from €61,165 to €26,450
- Profit (loss) carried forward -€5,909
down €5,909 (-4.9%), from €121,782 to €115,873
- Current portion of long-term debt -€4,211
no longer reported in 2025 (was €4,211)
- Tax, wage and social debts -€2,401
no longer reported in 2025 (was €2,401)
- Gross operating margin +€40,337
up €40,337, from -€22,013 to €18,324
- Depreciation +€3,151
up €3,151 (+526.0%), from €599 to €3,750
- Other operating charges -€1,953
down €1,953 (-69.1%), from €2,828 to €875
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 | €203,055 | €155,819 | -€47,236 | -23.3% |
| Fixed assets | 21/28 | €11,900 | €8,150 | -€3,750 | -31.5% |
| Tangible fixed assets | 22/27 | €11,900 | €8,150 | -€3,750 | -31.5% |
| Furniture and vehicles | 24 | €11,900 | €8,150 | -€3,750 | -31.5% |
| Current assets | 29/58 | €191,155 | €147,669 | -€43,486 | -22.7% |
| Amounts receivable within one year | 40/41 | €191,155 | €139,254 | -€51,901 | -27.2% |
| Other amounts receivable | 41 | €191,155 | €139,254 | -€51,901 | -27.2% |
| Cash at bank and in hand | 54/58 | - | €8,415 | +€8,415 | |
| Total equity and liabilities | 10/49 | €203,055 | €155,819 | -€47,236 | -23.3% |
| Equity | 10/15 | €135,278 | €129,369 | -€5,909 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,096 | €1,096 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,096 | €1,096 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,096 | €1,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,782 | €115,873 | -€5,909 | -4.9% |
| Amounts payable | 17/49 | €67,777 | €26,450 | -€41,327 | -61.0% |
| Amounts payable within one year | 42/48 | €67,777 | €26,450 | -€41,327 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €4,211 | - | -€4,211 | |
| Trade debts | 44 | €61,165 | €26,450 | -€34,715 | -56.8% |
| Suppliers | 440/4 | €61,165 | €26,450 | -€34,715 | -56.8% |
| Taxes, remuneration and social security | 45 | €2,401 | - | -€2,401 | |
| Taxes | 450/3 | €2,401 | - | -€2,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €3,750 | +€3,151 | +526.0% |
| Other operating charges | 640/8 | €2,828 | €875 | -€1,953 | -69.1% |
| Gross operating margin | 9900 | -€22,013 | €18,324 | +€40,337 | |
| Operating profit (loss) | 9901 | -€25,440 | €13,699 | +€39,139 | |
| Financial charges | 65/66B | €748 | €728 | -€20 | -2.7% |
| Recurring financial charges | 65 | €748 | €728 | -€20 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,188 | €12,971 | +€39,159 | |
| Profit (loss) for the period | 9904 | -€26,188 | €12,971 | +€39,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,188 | €12,971 | +€39,159 |
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 9 October 2026 via checked.be.