INFICOM: 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.
INFICOM
Largest movements
- Current investments +€1.2m
up €1.2m (+31.7%), from €3.6m to €4.8m
- Cash +€556,686
up €556,686 (+175.0%), from €318,149 to €874,835
mainly Net result for the year (+€1.9m) and Accrued charges and deferred income (+€55,446)
- Deferred charges and accrued income +€182,062
up €182,062 (+850.8%), from €21,400 to €203,461
- Reserves +€1.7m
up €1.7m (+38.7%), from €4.5m to €6.2m
- Financial income +€485,382
up €485,382 (+30.1%), from €1.6m to €2.1m
- Taxes +€83,319
up €83,319 (+46.3%), from €179,857 to €263,177
- Gross operating margin -€40,283
down €40,283 (-19.8%), from €203,805 to €163,522
- Staff costs -€19,871
down €19,871 (-100.0%), from €19,871 to €0
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 | €5,850,571 | €7,709,612 | +€1.9m | +31.8% |
| Fixed assets | 21/28 | €1,855,991 | €1,812,726 | -€43,265 | -2.3% |
| Tangible fixed assets | 22/27 | €1,165,363 | €1,122,098 | -€43,265 | -3.7% |
| Land and buildings | 22 | €1,164,778 | €1,121,667 | -€43,111 | -3.7% |
| Plant, machinery and equipment | 23 | €585 | €431 | -€154 | -26.4% |
| Financial fixed assets | 28 | €690,628 | €690,628 | = | 0.0% |
| Current assets | 29/58 | €3,994,580 | €5,896,887 | +€1.9m | +47.6% |
| Amounts receivable within one year | 40/41 | €17,766 | €27,994 | +€10,228 | +57.6% |
| Trade receivables | 40 | €7,865 | €7,865 | = | 0.0% |
| Other amounts receivable | 41 | €9,901 | €20,129 | +€10,228 | +103.3% |
| Current investments | 50/53 | €3,637,266 | €4,790,596 | +€1.2m | +31.7% |
| Cash at bank and in hand | 54/58 | €318,149 | €874,835 | +€556,686 | +175.0% |
| Deferred charges and accrued income | 490/1 | €21,400 | €203,461 | +€182,062 | +850.8% |
| Total equity and liabilities | 10/49 | €5,850,571 | €7,709,612 | +€1.9m | +31.8% |
| Equity | 10/15 | €4,601,329 | €6,337,763 | +€1.7m | +37.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,905 | €50,905 | = | 0.0% |
| Reserves | 13 | €4,488,424 | €6,224,858 | +€1.7m | +38.7% |
| Distributable reserves | 133 | €4,488,424 | €6,224,858 | +€1.7m | +38.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,249,241 | €1,371,849 | +€122,608 | +9.8% |
| Amounts payable within one year | 42/48 | €1,169,743 | €1,236,905 | +€67,162 | +5.7% |
| Trade debts | 44 | €1,983 | €1,591 | -€393 | -19.8% |
| Suppliers | 440/4 | €1,983 | €1,591 | -€393 | -19.8% |
| Taxes, remuneration and social security | 45 | €156,619 | €190,867 | +€34,248 | +21.9% |
| Taxes | 450/3 | €154,199 | €190,867 | +€36,668 | +23.8% |
| Remuneration and social security | 454/9 | €2,420 | €0 | -€2,420 | -100.0% |
| Other amounts payable | 47/48 | €1,011,141 | €1,044,447 | +€33,307 | +3.3% |
| Accrued charges and deferred income | 492/3 | €79,498 | €134,944 | +€55,446 | +69.7% |
| Remuneration, social security and pensions | 62 | €19,871 | €0 | -€19,871 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,765 | €45,214 | +€449 | +1.0% |
| Other operating charges | 640/8 | €9,293 | €9,443 | +€151 | +1.6% |
| Gross operating margin | 9900 | €203,805 | €163,522 | -€40,283 | -19.8% |
| Operating profit (loss) | 9901 | €129,875 | €108,864 | -€21,011 | -16.2% |
| Financial income | 75/76B | €1,610,772 | €2,096,153 | +€485,382 | +30.1% |
| Recurring financial income | 75 | €1,610,772 | €2,096,153 | +€485,382 | +30.1% |
| Financial charges | 65/66B | €75,525 | €75,034 | -€491 | -0.6% |
| Recurring financial charges | 65 | €75,525 | €75,034 | -€491 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €1,665,122 | €2,129,983 | +€464,861 | +27.9% |
| Income taxes | 67/77 | €179,857 | €263,177 | +€83,319 | +46.3% |
| Profit (loss) for the period | 9904 | €1,485,265 | €1,866,807 | +€381,542 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,485,265 | €1,866,807 | +€381,542 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.