INFIKIN: 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.
INFIKIN
Largest movements
- Tangible fixed assets +€14,783
up €14,783 (+101%), from €14,648 to €29,431
of which Leasing and similar rights: +€23,160
- Cash -€14,499
down €14,499 (-50.8%), from €28,536 to €14,037
mainly Other debts (-€58,971) and Investment in fixed assets (net) (-€25,382)
- Intangible fixed assets -€10,171
down €10,171 (-13.5%), from €75,513 to €65,342
- Deferred charges and accrued income +€2,465
up €2,465 (+6,188%), from €40 to €2,505
- Other debts -€58,971
down €58,971 (-67.8%), from €86,998 to €28,027
- Debts after one year +€43,199
new in 2025: €43,199
- Current portion of long-term debt +€14,318
new in 2025: €14,318
- Profit (loss) carried forward -€8,586
down €8,586 (-44.3%), from €19,374 to €10,788
- Trade debts +€2,055
up €2,055 (+472%), from €435 to €2,490
of which Suppliers: +€2,255
- Purchases and services -€275,811
no longer reported in 2025 (was €275,811)
- Gross operating margin -€29,748
down €29,748 (-59.5%), from €50,008 to €20,260
- Taxes -€10,365
down €10,365 (-94.8%), from €10,929 to €564
- Depreciation +€5,285
up €5,285 (+34.1%), from €15,484 to €20,769
- Other operating charges +€2,825
up €2,825 (+93.4%), from €3,023 to €5,849
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 | €118,737 | €111,316 | -€7,421 | -6.3% |
| Fixed assets | 21/28 | €90,161 | €94,773 | +€4,612 | +5.1% |
| Intangible fixed assets | 21 | €75,513 | €65,342 | -€10,171 | -13.5% |
| Tangible fixed assets | 22/27 | €14,648 | €29,431 | +€14,783 | +101% |
| Plant, machinery and equipment | 23 | €2,048 | €3,134 | +€1,086 | +53.0% |
| Furniture and vehicles | 24 | €12,600 | €3,138 | -€9,462 | -75.1% |
| Leasing and similar rights | 25 | - | €23,160 | +€23,160 | |
| Current assets | 29/58 | €28,576 | €16,542 | -€12,034 | -42.1% |
| Cash at bank and in hand | 54/58 | €28,536 | €14,037 | -€14,499 | -50.8% |
| Deferred charges and accrued income | 490/1 | €40 | €2,505 | +€2,465 | +6,188% |
| Total equity and liabilities | 10/49 | €118,737 | €111,316 | -€7,421 | -6.3% |
| Equity | 10/15 | €20,374 | €11,788 | -€8,586 | -42.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,374 | €10,788 | -€8,586 | -44.3% |
| Amounts payable | 17/49 | €98,363 | €99,528 | +€1,165 | +1.2% |
| Amounts payable after more than one year | 17 | - | €43,199 | +€43,199 | |
| Financial debts | 170/4 | - | €43,199 | +€43,199 | |
| Amounts payable within one year | 42/48 | €98,363 | €56,329 | -€42,034 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,318 | +€14,318 | |
| Trade debts | 44 | €435 | €2,490 | +€2,055 | +472% |
| Suppliers | 440/4 | €235 | €2,490 | +€2,255 | +958% |
| Bills of exchange payable | 441 | €200 | - | -€200 | |
| Taxes, remuneration and social security | 45 | €10,929 | €11,494 | +€564 | +5.2% |
| Taxes | 450/3 | €10,929 | €11,494 | +€564 | +5.2% |
| Other amounts payable | 47/48 | €86,998 | €28,027 | -€58,971 | -67.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €275,811 | - | -€275,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,484 | €20,769 | +€5,285 | +34.1% |
| Other operating charges | 640/8 | €3,023 | €5,849 | +€2,825 | +93.4% |
| Gross operating margin | 9900 | €50,008 | €20,260 | -€29,748 | -59.5% |
| Operating profit (loss) | 9901 | €31,501 | -€6,358 | -€37,858 | |
| Financial charges | 65/66B | €1,197 | €1,664 | +€466 | +39.0% |
| Recurring financial charges | 65 | €1,197 | €1,664 | +€466 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €30,303 | -€8,022 | -€38,325 | |
| Income taxes | 67/77 | €10,929 | €564 | -€10,365 | -94.8% |
| Profit (loss) for the period | 9904 | €19,374 | -€8,586 | -€27,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,374 | -€8,586 | -€27,960 |
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 13 October 2026 via checked.be.