INFICAT: 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.
INFICAT
Largest movements
- Tangible fixed assets +€34,103
up €34,103 (+1176.4%), from €2,899 to €37,002
of which Furniture and vehicles: +€32,849
- Cash -€14,163
down €14,163 (-35.5%), from €39,897 to €25,734
mainly Investment in fixed assets (net) (-€39,715) and Deferred charges and accrued income (-€1,429)
- Deferred charges and accrued income +€1,429
up €1,429 (+20.5%), from €6,962 to €8,391
- Receivables within one year +€1,055
up €1,055 (+114.1%), from €925 to €1,981
- Reserves +€13,000
up €13,000 (+468.6%), from €2,774 to €15,774
- Tax, wage and social debts +€4,821
up €4,821 (+37.1%), from €12,991 to €17,812
of which Taxes: +€3,527
- Debts after one year +€3,845
up €3,845 (+44.8%), from €8,577 to €12,422
- Accrued charges and deferred income +€1,214
up €1,214 (+1847.6%), from €66 to €1,280
- Current portion of long-term debt -€1,042
down €1,042 (-17.7%), from €5,878 to €4,836
- Gross operating margin +€17,967
up €17,967 (+25.7%), from €69,870 to €87,837
- Staff costs +€5,765
up €5,765 (+11.4%), from €50,524 to €56,289
- Taxes +€4,113
up €4,113 (+198.3%), from €2,075 to €6,188
- Other operating charges +€3,934
up €3,934 (+358.0%), from €1,099 to €5,033
- Depreciation -€3,692
down €3,692 (-39.7%), from €9,305 to €5,613
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 | €50,683 | €73,107 | +€22,424 | +44.2% |
| Fixed assets | 21/28 | €2,899 | €37,002 | +€34,103 | +1176.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,899 | €37,002 | +€34,103 | +1176.4% |
| Land and buildings | 22 | €0 | €1,254 | +€1,254 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,899 | €35,748 | +€32,849 | +1133.1% |
| Current assets | 29/58 | €47,784 | €36,105 | -€11,678 | -24.4% |
| Amounts receivable within one year | 40/41 | €925 | €1,981 | +€1,055 | +114.1% |
| Other amounts receivable | 41 | €925 | €1,981 | +€1,055 | +114.1% |
| Cash at bank and in hand | 54/58 | €39,897 | €25,734 | -€14,163 | -35.5% |
| Deferred charges and accrued income | 490/1 | €6,962 | €8,391 | +€1,429 | +20.5% |
| Total equity and liabilities | 10/49 | €50,683 | €73,107 | +€22,424 | +44.2% |
| Equity | 10/15 | €21,140 | €34,844 | +€13,704 | +64.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,774 | €15,774 | +€13,000 | +468.6% |
| Distributable reserves | 133 | €2,774 | €15,774 | +€13,000 | +468.6% |
| Profit (loss) carried forward | 14 | -€234 | €470 | +€704 | |
| Amounts payable | 17/49 | €29,543 | €38,263 | +€8,720 | +29.5% |
| Amounts payable after more than one year | 17 | €8,577 | €12,422 | +€3,845 | +44.8% |
| Financial debts | 170/4 | €8,577 | €12,422 | +€3,845 | +44.8% |
| Amounts payable within one year | 42/48 | €20,900 | €24,562 | +€3,662 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €5,878 | €4,836 | -€1,042 | -17.7% |
| Financial debts | 43 | - | €253 | +€253 | |
| Credit institutions | 430/8 | - | €253 | +€253 | |
| Trade debts | 44 | €1,157 | €142 | -€1,015 | -87.7% |
| Suppliers | 440/4 | €1,157 | €142 | -€1,015 | -87.7% |
| Taxes, remuneration and social security | 45 | €12,991 | €17,812 | +€4,821 | +37.1% |
| Taxes | 450/3 | €2,961 | €6,488 | +€3,527 | +119.1% |
| Remuneration and social security | 454/9 | €10,030 | €11,324 | +€1,294 | +12.9% |
| Other amounts payable | 47/48 | €874 | €1,518 | +€644 | +73.7% |
| Accrued charges and deferred income | 492/3 | €66 | €1,280 | +€1,214 | +1847.6% |
| Remuneration, social security and pensions | 62 | €50,524 | €56,289 | +€5,765 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,305 | €5,613 | -€3,692 | -39.7% |
| Other operating charges | 640/8 | €1,099 | €5,033 | +€3,934 | +358.0% |
| Gross operating margin | 9900 | €69,870 | €87,837 | +€17,967 | +25.7% |
| Operating profit (loss) | 9901 | €8,942 | €20,902 | +€11,960 | +133.7% |
| Financial charges | 65/66B | €620 | €1,010 | +€390 | +63.0% |
| Recurring financial charges | 65 | €620 | €1,010 | +€390 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €8,323 | €19,892 | +€11,570 | +139.0% |
| Income taxes | 67/77 | €2,075 | €6,188 | +€4,113 | +198.3% |
| Profit (loss) for the period | 9904 | €6,248 | €13,704 | +€7,456 | +119.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,248 | €13,704 | +€7,456 | +119.3% |
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 12 October 2026 via checked.be.