INFIMAG: what changed
Two fiscal 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.
INFIMAG
Largest movements
- Receivables after one year +€527,657
new in 2025: €527,657
- Current investments -€427,769
no longer reported in 2025 (was €427,769)
- Receivables within one year -€28,972
down €28,972 (-82.1%), from €35,278 to €6,306
- Tangible fixed assets +€16,395
up €16,395 (+89.1%), from €18,393 to €34,788
of which Furniture and vehicles: +€16,901
- Profit (loss) carried forward +€95,102
up €95,102 (+31.7%), from €299,924 to €395,026
- Trade debts -€32,101
down €32,101 (-42.6%), from €75,399 to €43,298
- Tax, wage and social debts +€26,240
up €26,240 (+31.7%), from €82,802 to €109,041
- Taxes +€75,120
up €75,120 (+208.7%), from €36,000 to €111,120
- Staff costs -€55,341
down €55,341 (-14.9%), from €371,156 to €315,815
- Gross operating margin +€15,445
up €15,445 (+3.1%), from €498,429 to €513,874
- Financial charges -€14,890
down €14,890 (-90.2%), from €16,508 to €1,619
- Write-downs -€12,931
no longer reported in 2025 (was €12,931)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €484,190 | €571,501 | +€87,311 | +18.0% |
| Fixed assets | 21/28 | €21,143 | €37,538 | +€16,395 | +77.5% |
| Tangible fixed assets | 22/27 | €18,393 | €34,788 | +€16,395 | +89.1% |
| Plant, machinery and equipment | 23 | - | €218 | +€218 | |
| Furniture and vehicles | 24 | €8,296 | €25,197 | +€16,901 | +203.7% |
| Other tangible fixed assets | 26 | €10,097 | €9,373 | -€724 | -7.2% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €463,047 | €533,963 | +€70,916 | +15.3% |
| Amounts receivable after more than one year | 29 | - | €527,657 | +€527,657 | |
| Other amounts receivable | 291 | - | €527,657 | +€527,657 | |
| Amounts receivable within one year | 40/41 | €35,278 | €6,306 | -€28,972 | -82.1% |
| Other amounts receivable | 41 | €35,278 | €6,306 | -€28,972 | -82.1% |
| Current investments | 50/53 | €427,769 | - | -€427,769 | |
| Total equity and liabilities | 10/49 | €484,190 | €571,501 | +€87,311 | +18.0% |
| Equity | 10/15 | €318,474 | €413,576 | +€95,102 | +29.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,924 | €395,026 | +€95,102 | +31.7% |
| Amounts payable | 17/49 | €165,716 | €157,925 | -€7,791 | -4.7% |
| Amounts payable within one year | 42/48 | €162,984 | €152,658 | -€10,326 | -6.3% |
| Financial debts | 43 | €4,783 | €319 | -€4,464 | -93.3% |
| Credit institutions | 430/8 | €4,783 | €319 | -€4,464 | -93.3% |
| Trade debts | 44 | €75,399 | €43,298 | -€32,101 | -42.6% |
| Suppliers | 440/4 | €75,399 | €43,298 | -€32,101 | -42.6% |
| Taxes, remuneration and social security | 45 | €82,802 | €109,041 | +€26,240 | +31.7% |
| Remuneration and social security | 454/9 | €82,802 | €109,041 | +€26,240 | +31.7% |
| Accrued charges and deferred income | 492/3 | €2,732 | €5,267 | +€2,535 | +92.8% |
| Remuneration, social security and pensions | 62 | €371,156 | €315,815 | -€55,341 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,951 | €7,940 | +€3,989 | +101.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,931 | - | -€12,931 | |
| Other operating charges | 640/8 | €2,047 | €1,247 | -€801 | -39.1% |
| Gross operating margin | 9900 | €498,429 | €513,874 | +€15,445 | +3.1% |
| Operating profit (loss) | 9901 | €108,343 | €188,872 | +€80,529 | +74.3% |
| Financial income | 75/76B | €14,460 | €13,587 | -€873 | -6.0% |
| Recurring financial income | 75 | €14,460 | €13,587 | -€873 | -6.0% |
| Financial charges | 65/66B | €16,508 | €1,619 | -€14,890 | -90.2% |
| Recurring financial charges | 65 | €16,508 | €1,619 | -€14,890 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €106,295 | €200,840 | +€94,546 | +88.9% |
| Income taxes | 67/77 | €36,000 | €111,120 | +€75,120 | +208.7% |
| Profit (loss) for the period | 9904 | €70,295 | €89,720 | +€19,425 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,295 | €89,720 | +€19,425 | +27.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.