INFICOR: 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.
INFICOR
Largest movements
- Cash -€14,413
down €14,413 (-23.3%), from €61,905 to €47,492
mainly Contributions, distributions and other (-€25,000) and Net result for the year (-€16,616)
- Receivables within one year +€9,387
up €9,387 (+31.1%), from €30,173 to €39,560
- Tangible fixed assets -€4,712
down €4,712 (-37.1%), from €12,693 to €7,981
- Deferred charges and accrued income +€1,866
up €1,866 (+58.3%), from €3,197 to €5,063
- Profit (loss) carried forward -€41,616
down €41,616 (-60.8%), from €68,469 to €26,852
- Provisions +€34,310
new in 2025: €34,310
- Trade debts +€1,839
up €1,839 (+201.3%), from €913 to €2,752
- Tax, wage and social debts -€1,266
down €1,266 (-16.9%), from €7,508 to €6,242
of which Taxes: -€1,766
- Other debts -€1,138
down €1,138 (-4.4%), from €26,138 to €25,000
- Gross operating margin -€36,076
down €36,076 (-55.4%), from €65,087 to €29,010
- Provisions +€34,310
new in 2025: €34,310
- Taxes -€7,488
down €7,488 (-56.5%), from €13,242 to €5,754
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 | €108,028 | €100,156 | -€7,872 | -7.3% |
| Fixed assets | 21/28 | €12,753 | €8,041 | -€4,712 | -36.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,693 | €7,981 | -€4,712 | -37.1% |
| Furniture and vehicles | 24 | €12,693 | €7,981 | -€4,712 | -37.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €95,275 | €92,115 | -€3,160 | -3.3% |
| Amounts receivable within one year | 40/41 | €30,173 | €39,560 | +€9,387 | +31.1% |
| Other amounts receivable | 41 | €30,173 | €39,560 | +€9,387 | +31.1% |
| Cash at bank and in hand | 54/58 | €61,905 | €47,492 | -€14,413 | -23.3% |
| Deferred charges and accrued income | 490/1 | €3,197 | €5,063 | +€1,866 | +58.3% |
| Total equity and liabilities | 10/49 | €108,028 | €100,156 | -€7,872 | -7.3% |
| Equity | 10/15 | €73,469 | €31,852 | -€41,616 | -56.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,469 | €26,852 | -€41,616 | -60.8% |
| Provisions and deferred taxes | 16 | - | €34,310 | +€34,310 | |
| Provisions for liabilities and charges | 160/5 | - | €34,310 | +€34,310 | |
| Other liabilities and charges | 164/5 | - | €34,310 | +€34,310 | |
| Amounts payable | 17/49 | €34,559 | €33,994 | -€566 | -1.6% |
| Amounts payable within one year | 42/48 | €34,559 | €33,994 | -€566 | -1.6% |
| Trade debts | 44 | €913 | €2,752 | +€1,839 | +201.3% |
| Suppliers | 440/4 | €913 | €2,752 | +€1,839 | +201.3% |
| Taxes, remuneration and social security | 45 | €7,508 | €6,242 | -€1,266 | -16.9% |
| Taxes | 450/3 | €5,008 | €3,242 | -€1,766 | -35.3% |
| Remuneration and social security | 454/9 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts payable | 47/48 | €26,138 | €25,000 | -€1,138 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €4,712 | +€23 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €34,310 | +€34,310 | |
| Other operating charges | 640/8 | €498 | €354 | -€144 | -29.0% |
| Gross operating margin | 9900 | €65,087 | €29,010 | -€36,076 | -55.4% |
| Operating profit (loss) | 9901 | €59,900 | -€10,365 | -€70,265 | |
| Financial income | 75/76B | €24 | €2 | -€22 | -92.1% |
| Recurring financial income | 75 | €24 | €2 | -€22 | -92.1% |
| Financial charges | 65/66B | €187 | €499 | +€312 | +166.7% |
| Recurring financial charges | 65 | €187 | €499 | +€312 | +166.7% |
| Profit (loss) for the period before taxes | 9903 | €59,736 | -€10,863 | -€70,599 | |
| Income taxes | 67/77 | €13,242 | €5,754 | -€7,488 | -56.5% |
| Profit (loss) for the period | 9904 | €46,495 | -€16,616 | -€63,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,495 | -€16,616 | -€63,111 |
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 30 September 2026 via checked.be.