INFIMEL: 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.
INFIMEL
Largest movements
- Tangible fixed assets +€6,460
up €6,460 (+230.8%), from €2,799 to €9,260
of which Other tangible fixed assets: +€5,936
- Cash -€5,666
down €5,666 (-36.3%), from €15,614 to €9,948
mainly Net result for the year (-€14,582) and Investment in fixed assets (net) (-€8,100)
- Receivables within one year +€1,307
up €1,307 (+10.3%), from €12,706 to €14,013
of which Trade receivables: +€688
- Intangible fixed assets -€1,235
down €1,235 (-26.6%), from €4,648 to €3,412
- Other debts +€16,311
up €16,311 (+91.5%), from €17,828 to €34,139
- Profit (loss) carried forward -€14,582
down €14,582 (-144.5%), from -€10,094 to -€24,676
- Financial charges +€11,893
up €11,893 (+35.2%), from €33,755 to €45,648
- Gross operating margin +€1,537
up €1,537 (+4.6%), from €33,271 to €34,808
- Other operating charges -€854
down €854 (-55.6%), from €1,537 to €682
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 | €41,416 | €42,707 | +€1,292 | +3.1% |
| Fixed assets | 21/28 | €10,927 | €16,152 | +€5,225 | +47.8% |
| Intangible fixed assets | 21 | €4,648 | €3,412 | -€1,235 | -26.6% |
| Tangible fixed assets | 22/27 | €2,799 | €9,260 | +€6,460 | +230.8% |
| Furniture and vehicles | 24 | €412 | €936 | +€524 | +127.1% |
| Other tangible fixed assets | 26 | €2,387 | €8,323 | +€5,936 | +248.7% |
| Financial fixed assets | 28 | €3,480 | €3,480 | = | 0.0% |
| Current assets | 29/58 | €30,489 | €26,555 | -€3,933 | -12.9% |
| Amounts receivable within one year | 40/41 | €12,706 | €14,013 | +€1,307 | +10.3% |
| Trade receivables | 40 | €10,492 | €11,180 | +€688 | +6.6% |
| Other amounts receivable | 41 | €2,214 | €2,833 | +€619 | +27.9% |
| Cash at bank and in hand | 54/58 | €15,614 | €9,948 | -€5,666 | -36.3% |
| Deferred charges and accrued income | 490/1 | €2,169 | €2,594 | +€426 | +19.6% |
| Total equity and liabilities | 10/49 | €41,416 | €42,707 | +€1,292 | +3.1% |
| Equity | 10/15 | €19,451 | €4,869 | -€14,582 | -75.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,345 | €23,345 | = | 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% |
| Distributable reserves | 133 | €21,485 | €21,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,094 | -€24,676 | -€14,582 | -144.5% |
| Amounts payable | 17/49 | €21,965 | €37,838 | +€15,874 | +72.3% |
| Amounts payable within one year | 42/48 | €21,965 | €37,838 | +€15,874 | +72.3% |
| Trade debts | 44 | €3,788 | €3,659 | -€129 | -3.4% |
| Suppliers | 440/4 | €3,788 | €3,659 | -€129 | -3.4% |
| Taxes, remuneration and social security | 45 | €349 | €40 | -€309 | -88.5% |
| Taxes | 450/3 | €349 | €40 | -€309 | -88.5% |
| Other amounts payable | 47/48 | €17,828 | €34,139 | +€16,311 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €2,875 | +€178 | +6.6% |
| Other operating charges | 640/8 | €1,537 | €682 | -€854 | -55.6% |
| Gross operating margin | 9900 | €33,271 | €34,808 | +€1,537 | +4.6% |
| Operating profit (loss) | 9901 | €29,037 | €31,250 | +€2,214 | +7.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1566.7% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1566.7% |
| Financial charges | 65/66B | €33,755 | €45,648 | +€11,893 | +35.2% |
| Recurring financial charges | 65 | €33,755 | €45,648 | +€11,893 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,718 | -€14,394 | -€9,677 | -205.1% |
| Income taxes | 67/77 | €309 | €188 | -€121 | -39.2% |
| Profit (loss) for the period | 9904 | -€5,027 | -€14,582 | -€9,556 | -190.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,027 | -€14,582 | -€9,556 | -190.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.