INFIKARMA: 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.
INFIKARMA
Largest movements
- Receivables after one year +€266,516
new in 2025: €266,516
- Receivables within one year -€169,202
down €169,202 (-99.2%), from €170,581 to €1,379
of which Other amounts receivable: -€170,581
- Cash -€25,362
down €25,362 (-97.2%), from €26,102 to €740
mainly Receivables after one year (-€266,516)
- Profit (loss) carried forward +€71,953
up €71,953 (+36.8%), from €195,418 to €267,371
- Taxes +€23,976
up €23,976 (+115%), from €20,825 to €44,801
- Gross operating margin +€20,490
up €20,490 (+22.4%), from €91,653 to €112,143
- Financial income +€5,183
new in 2025: €5,183
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 | €196,683 | €268,636 | +€71,953 | +36.6% |
| Current assets | 29/58 | €196,683 | €268,636 | +€71,953 | +36.6% |
| Amounts receivable after more than one year | 29 | - | €266,516 | +€266,516 | |
| Other amounts receivable | 291 | - | €266,516 | +€266,516 | |
| Amounts receivable within one year | 40/41 | €170,581 | €1,379 | -€169,202 | -99.2% |
| Trade receivables | 40 | - | €1,379 | +€1,379 | |
| Other amounts receivable | 41 | €170,581 | - | -€170,581 | |
| Cash at bank and in hand | 54/58 | €26,102 | €740 | -€25,362 | -97.2% |
| Total equity and liabilities | 10/49 | €196,683 | €268,636 | +€71,953 | +36.6% |
| Equity | 10/15 | €196,683 | €268,636 | +€71,953 | +36.6% |
| Contributions | 10/11 | €1,150 | €1,150 | = | 0.0% |
| Reserves | 13 | €115 | €115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115 | €115 | = | 0.0% |
| Reserves not available under the articles | 1311 | €115 | €115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,418 | €267,371 | +€71,953 | +36.8% |
| Remuneration, social security and pensions | 62 | €169 | €79 | -€90 | -53.4% |
| Other operating charges | 640/8 | €237 | €374 | +€137 | +57.6% |
| Gross operating margin | 9900 | €91,653 | €112,143 | +€20,490 | +22.4% |
| Operating profit (loss) | 9901 | €91,247 | €111,691 | +€20,444 | +22.4% |
| Financial income | 75/76B | - | €5,183 | +€5,183 | |
| Recurring financial income | 75 | - | €5,183 | +€5,183 | |
| Financial charges | 65/66B | €214 | €120 | -€95 | -44.2% |
| Recurring financial charges | 65 | €214 | €120 | -€95 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €91,032 | €116,754 | +€25,722 | +28.3% |
| Income taxes | 67/77 | €20,825 | €44,801 | +€23,976 | +115% |
| Profit (loss) for the period | 9904 | €70,208 | €71,953 | +€1,745 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,208 | €71,953 | +€1,745 | +2.5% |
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 21 October 2026 via checked.be.