INFIGENARD: 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.
INFIGENARD
Largest movements
- Tangible fixed assets +€41,339
up €41,339 (+190%), from €21,771 to €63,110
- Receivables within one year -€10,327
down €10,327 (-100%), from €10,327 to €0
- Deferred charges and accrued income +€10,286
up €10,286 (+2,189%), from €470 to €10,756
- Cash +€4,774
up €4,774 (+310%), from €1,539 to €6,313
mainly Debts after one year (+€47,820) and Receivables within one year (+€10,327)
- Debts after one year +€47,820
up €47,820 (+466%), from €10,257 to €58,076
- Current portion of long-term debt -€12,171
down €12,171 (-100%), from €12,171 to €0
- Profit (loss) carried forward +€7,647
up €7,647 (+74.7%), from -€10,238 to -€2,590
- Tax, wage and social debts +€1,576
up €1,576 (+37.2%), from €4,231 to €5,807
of which Taxes: +€4,576
- Other debts +€1,474
up €1,474 (+16.9%), from €8,706 to €10,180
- Gross operating margin +€32,967
up €32,967 (+553%), from €5,963 to €38,930
- Financial income -€12,944
down €12,944 (-99.5%), from €13,005 to €61
of which Non-recurring financial income: -€13,000
- Depreciation -€10,316
down €10,316 (-80.6%), from €12,796 to €2,480
- Taxes +€3,069
up €3,069 (+331%), from €928 to €3,997
- Financial charges +€1,497
up €1,497 (+258%), from €579 to €2,076
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 | €34,106 | €80,178 | +€46,072 | +135% |
| Fixed assets | 21/28 | €21,771 | €63,110 | +€41,339 | +190% |
| Tangible fixed assets | 22/27 | €21,771 | €63,110 | +€41,339 | +190% |
| Furniture and vehicles | 24 | €21,771 | €63,110 | +€41,339 | +190% |
| Current assets | 29/58 | €12,335 | €17,068 | +€4,733 | +38.4% |
| Amounts receivable within one year | 40/41 | €10,327 | €0 | -€10,327 | -100% |
| Trade receivables | 40 | €10,327 | €0 | -€10,327 | -100% |
| Cash at bank and in hand | 54/58 | €1,539 | €6,313 | +€4,774 | +310% |
| Deferred charges and accrued income | 490/1 | €470 | €10,756 | +€10,286 | +2,189% |
| Total equity and liabilities | 10/49 | €34,106 | €80,178 | +€46,072 | +135% |
| Equity | 10/15 | -€2,178 | €5,470 | +€7,647 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,238 | -€2,590 | +€7,647 | +74.7% |
| Amounts payable | 17/49 | €36,284 | €74,709 | +€38,425 | +106% |
| Amounts payable after more than one year | 17 | €10,257 | €58,076 | +€47,820 | +466% |
| Financial debts | 170/4 | €10,257 | €58,076 | +€47,820 | +466% |
| Amounts payable within one year | 42/48 | €26,027 | €16,632 | -€9,395 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €12,171 | €0 | -€12,171 | -100% |
| Trade debts | 44 | €919 | €645 | -€274 | -29.8% |
| Suppliers | 440/4 | €919 | €645 | -€274 | -29.8% |
| Taxes, remuneration and social security | 45 | €4,231 | €5,807 | +€1,576 | +37.2% |
| Taxes | 450/3 | €1,231 | €5,807 | +€4,576 | +372% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €8,706 | €10,180 | +€1,474 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,796 | €2,480 | -€10,316 | -80.6% |
| Other operating charges | 640/8 | €612 | €1,021 | +€408 | +66.7% |
| Non-recurring operating charges | 66A | - | €21,771 | +€21,771 | |
| Gross operating margin | 9900 | €5,963 | €38,930 | +€32,967 | +553% |
| Operating profit (loss) | 9901 | -€7,445 | €13,659 | +€21,104 | |
| Financial income | 75/76B | €13,005 | €61 | -€12,944 | -99.5% |
| Recurring financial income | 75 | €5 | €61 | +€56 | +1,159% |
| Non-recurring financial income | 76B | €13,000 | €0 | -€13,000 | -100% |
| Financial charges | 65/66B | €579 | €2,076 | +€1,497 | +258% |
| Recurring financial charges | 65 | €579 | €2,076 | +€1,497 | +258% |
| Profit (loss) for the period before taxes | 9903 | €4,980 | €11,644 | +€6,664 | +134% |
| Income taxes | 67/77 | €928 | €3,997 | +€3,069 | +331% |
| Profit (loss) for the period | 9904 | €4,053 | €7,647 | +€3,594 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,053 | €7,647 | +€3,594 | +88.7% |
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.