INFIGES: 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.
INFIGES
Largest movements
- Current investments +€44,411
up €44,411 (+20.3%), from €218,311 to €262,722
- Receivables within one year -€33,025
down €33,025 (-47.9%), from €68,932 to €35,907
of which Trade receivables: -€32,977
- Cash +€24,257
up €24,257 (+67.5%), from €35,940 to €60,197
mainly Net result for the year (+€108,137) and Receivables within one year (+€33,025)
- Tangible fixed assets +€15,000
up €15,000 (+6.8%), from €218,972 to €233,972
of which Furniture and vehicles: +€20,998
- Profit (loss) carried forward +€68,733
up €68,733 (+61.5%), from €111,832 to €180,565
- Reserves +€30,000
up €30,000 (+23.3%), from €128,855 to €158,855
of which Tax-exempt reserves: +€30,000
- Other debts -€18,100
down €18,100 (-19.5%), from €92,794 to €74,694
- Debts after one year -€17,988
down €17,988 (-13.2%), from €135,829 to €117,841
- Tax, wage and social debts -€8,709
down €8,709 (-26.4%), from €33,006 to €24,297
of which Taxes: -€4,673
- Turnover +€517,056
new in 2025: €517,056
- Purchases and services +€171,348
new in 2025: €171,348
- Gross operating margin +€63,577
up €63,577 (+22.1%), from €287,196 to €350,773
- Staff costs +€9,079
up €9,079 (+6.1%), from €149,473 to €158,553
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 | €545,367 | €596,259 | +€50,892 | +9.3% |
| Fixed assets | 21/28 | €222,076 | €237,075 | +€15,000 | +6.8% |
| Tangible fixed assets | 22/27 | €218,972 | €233,972 | +€15,000 | +6.8% |
| Land and buildings | 22 | €183,682 | €177,684 | -€5,998 | -3.3% |
| Furniture and vehicles | 24 | €35,290 | €56,287 | +€20,998 | +59.5% |
| Financial fixed assets | 28 | €3,103 | €3,103 | = | 0.0% |
| Current assets | 29/58 | €323,291 | €359,184 | +€35,893 | +11.1% |
| Amounts receivable within one year | 40/41 | €68,932 | €35,907 | -€33,025 | -47.9% |
| Trade receivables | 40 | €68,799 | €35,822 | -€32,977 | -47.9% |
| Other amounts receivable | 41 | €133 | €85 | -€48 | -36.1% |
| Current investments | 50/53 | €218,311 | €262,722 | +€44,411 | +20.3% |
| Cash at bank and in hand | 54/58 | €35,940 | €60,197 | +€24,257 | +67.5% |
| Deferred charges and accrued income | 490/1 | €109 | €357 | +€249 | +229.0% |
| Total equity and liabilities | 10/49 | €545,367 | €596,259 | +€50,892 | +9.3% |
| Equity | 10/15 | €259,237 | €357,970 | +€98,733 | +38.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €128,855 | €158,855 | +€30,000 | +23.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,000 | €157,000 | +€30,000 | +23.6% |
| Profit (loss) carried forward | 14 | €111,832 | €180,565 | +€68,733 | +61.5% |
| Provisions and deferred taxes | 16 | €596 | - | -€596 | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Deferred taxes | 168 | €596 | - | -€596 | |
| Amounts payable | 17/49 | €285,534 | €238,289 | -€47,245 | -16.5% |
| Amounts payable after more than one year | 17 | €135,829 | €117,841 | -€17,988 | -13.2% |
| Financial debts | 170/4 | €135,829 | €117,841 | -€17,988 | -13.2% |
| Amounts payable within one year | 42/48 | €149,705 | €120,448 | -€29,257 | -19.5% |
| Financial debts | 43 | €18,602 | €17,984 | -€617 | -3.3% |
| Credit institutions | 430/8 | €18,602 | €17,984 | -€617 | -3.3% |
| Trade debts | 44 | €5,303 | €3,472 | -€1,830 | -34.5% |
| Suppliers | 440/4 | €5,303 | €3,472 | -€1,830 | -34.5% |
| Taxes, remuneration and social security | 45 | €33,006 | €24,297 | -€8,709 | -26.4% |
| Taxes | 450/3 | €17,395 | €12,721 | -€4,673 | -26.9% |
| Remuneration and social security | 454/9 | €15,612 | €11,576 | -€4,036 | -25.9% |
| Other amounts payable | 47/48 | €92,794 | €74,694 | -€18,100 | -19.5% |
| Turnover | 70 | - | €517,056 | +€517,056 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €171,348 | +€171,348 | |
| Remuneration, social security and pensions | 62 | €149,473 | €158,553 | +€9,079 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,270 | €18,059 | +€2,790 | +18.3% |
| Other operating charges | 640/8 | €2,487 | €1,611 | -€875 | -35.2% |
| Non-recurring operating charges | 66A | - | €32,904 | +€32,904 | |
| Gross operating margin | 9900 | €287,196 | €350,773 | +€63,577 | +22.1% |
| Operating profit (loss) | 9901 | €119,966 | €139,646 | +€19,680 | +16.4% |
| Financial income | 75/76B | €878 | €911 | +€33 | +3.8% |
| Recurring financial income | 75 | €878 | €911 | +€33 | +3.8% |
| Financial charges | 65/66B | €723 | €1,873 | +€1,150 | +159.1% |
| Recurring financial charges | 65 | €723 | €1,873 | +€1,150 | +159.1% |
| Profit (loss) for the period before taxes | 9903 | €120,121 | €138,684 | +€18,563 | +15.5% |
| Income taxes | 67/77 | €31,293 | €30,547 | -€746 | -2.4% |
| Profit (loss) for the period | 9904 | €88,829 | €108,137 | +€19,309 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,829 | €108,137 | +€19,309 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.