INFIDC: 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.
INFIDC
Largest movements
- Tangible fixed assets -€20,349
down €20,349 (-46.0%), from €44,228 to €23,878
- Cash -€11,469
down €11,469 (-35.4%), from €32,397 to €20,928
mainly Contributions, distributions and other (-€127,558) and Trade debts (-€3,383)
- Receivables within one year -€6,867
down €6,867 (-84.8%), from €8,101 to €1,233
- Profit (loss) carried forward -€80,953
no longer reported in 2025 (was €80,953)
- Other debts +€47,125
up €47,125 (+51,486%), from €92 to €47,217
- Trade debts -€3,383
down €3,383 (-59.6%), from €5,679 to €2,296
- Tax, wage and social debts -€1,910
down €1,910 (-16.8%), from €11,364 to €9,455
- Gross operating margin +€18,784
up €18,784 (+34.1%), from €55,087 to €73,871
- Taxes +€7,600
up €7,600 (+71.6%), from €10,614 to €18,214
- Other operating charges -€2,116
down €2,116 (-68.8%), from €3,074 to €958
- Depreciation +€2,050
up €2,050 (+34.2%), from €5,985 to €8,035
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.
Derived cash bridge
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 | €100,088 | €60,967 | -€39,120 | -39.1% |
| Fixed assets | 21/28 | €44,228 | €23,878 | -€20,349 | -46.0% |
| Tangible fixed assets | 22/27 | €44,228 | €23,878 | -€20,349 | -46.0% |
| Furniture and vehicles | 24 | €44,228 | €23,878 | -€20,349 | -46.0% |
| Current assets | 29/58 | €55,860 | €37,089 | -€18,771 | -33.6% |
| Amounts receivable within one year | 40/41 | €8,101 | €1,233 | -€6,867 | -84.8% |
| Other amounts receivable | 41 | €8,101 | €1,233 | -€6,867 | -84.8% |
| Cash at bank and in hand | 54/58 | €32,397 | €20,928 | -€11,469 | -35.4% |
| Deferred charges and accrued income | 490/1 | €15,363 | €14,929 | -€434 | -2.8% |
| Total equity and liabilities | 10/49 | €100,088 | €60,967 | -€39,120 | -39.1% |
| Equity | 10/15 | €82,953 | €2,000 | -€80,953 | -97.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,953 | - | -€80,953 | |
| Amounts payable | 17/49 | €17,135 | €58,967 | +€41,833 | +244% |
| Amounts payable within one year | 42/48 | €17,135 | €58,967 | +€41,833 | +244% |
| Trade debts | 44 | €5,679 | €2,296 | -€3,383 | -59.6% |
| Suppliers | 440/4 | €5,679 | €2,296 | -€3,383 | -59.6% |
| Taxes, remuneration and social security | 45 | €11,364 | €9,455 | -€1,910 | -16.8% |
| Taxes | 450/3 | €11,364 | €9,455 | -€1,910 | -16.8% |
| Other amounts payable | 47/48 | €92 | €47,217 | +€47,125 | +51,486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,985 | €8,035 | +€2,050 | +34.2% |
| Other operating charges | 640/8 | €3,074 | €958 | -€2,116 | -68.8% |
| Gross operating margin | 9900 | €55,087 | €73,871 | +€18,784 | +34.1% |
| Operating profit (loss) | 9901 | €46,028 | €64,879 | +€18,851 | +41.0% |
| Financial income | 75/76B | €166 | - | -€166 | |
| Recurring financial income | 75 | €166 | - | -€166 | |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €46,134 | €64,819 | +€18,684 | +40.5% |
| Income taxes | 67/77 | €10,614 | €18,214 | +€7,600 | +71.6% |
| Profit (loss) for the period | 9904 | €35,520 | €46,605 | +€11,085 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,520 | €46,605 | +€11,085 | +31.2% |
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 14 October 2026 via checked.be.