INFIMU: 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.
INFIMU
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Cash -€16,691
down €16,691 (-31.5%), from €52,964 to €36,273
mainly Current investments (-€50,000) and Current portion of long-term debt (-€14,000)
- Receivables within one year -€2,433
down €2,433 (-8.4%), from €29,078 to €26,644
of which Trade receivables: -€2,433
- Reserves +€47,230
up €47,230 (+34.6%), from €136,599 to €183,829
- Current portion of long-term debt -€14,000
no longer reported in 2025 (was €14,000)
- Tax, wage and social debts +€4,466
up €4,466 (+129.5%), from €3,450 to €7,916
- Trade debts -€3,942
down €3,942 (-69.2%), from €5,693 to €1,751
- Other debts -€2,878
down €2,878 (-39.7%), from €7,256 to €4,378
- Gross operating margin +€6,227
up €6,227 (+10.1%), from €61,794 to €68,022
- Taxes +€2,144
up €2,144 (+12.4%), from €17,322 to €19,466
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 | €185,941 | €216,817 | +€30,876 | +16.6% |
| Fixed assets | 21/28 | €3,900 | €3,900 | = | 0.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €182,041 | €212,917 | +€30,876 | +17.0% |
| Amounts receivable within one year | 40/41 | €29,078 | €26,644 | -€2,433 | -8.4% |
| Trade receivables | 40 | €18,400 | €15,966 | -€2,433 | -13.2% |
| Other amounts receivable | 41 | €10,678 | €10,678 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €52,964 | €36,273 | -€16,691 | -31.5% |
| Total equity and liabilities | 10/49 | €185,941 | €216,817 | +€30,876 | +16.6% |
| Equity | 10/15 | €155,542 | €202,772 | +€47,230 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,599 | €183,829 | +€47,230 | +34.6% |
| Distributable reserves | 133 | €136,599 | €183,829 | +€47,230 | +34.6% |
| Profit (loss) carried forward | 14 | €342 | €342 | = | 0.0% |
| Amounts payable | 17/49 | €30,400 | €14,045 | -€16,354 | -53.8% |
| Amounts payable within one year | 42/48 | €30,400 | €14,045 | -€16,354 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | - | -€14,000 | |
| Trade debts | 44 | €5,693 | €1,751 | -€3,942 | -69.2% |
| Suppliers | 440/4 | €5,693 | €1,751 | -€3,942 | -69.2% |
| Taxes, remuneration and social security | 45 | €3,450 | €7,916 | +€4,466 | +129.5% |
| Taxes | 450/3 | €3,450 | €7,916 | +€4,466 | +129.5% |
| Other amounts payable | 47/48 | €7,256 | €4,378 | -€2,878 | -39.7% |
| Other operating charges | 640/8 | €1,044 | €811 | -€233 | -22.3% |
| Gross operating margin | 9900 | €61,794 | €68,022 | +€6,227 | +10.1% |
| Operating profit (loss) | 9901 | €60,750 | €67,211 | +€6,460 | +10.6% |
| Financial charges | 65/66B | €202 | €514 | +€313 | +154.9% |
| Recurring financial charges | 65 | €202 | €514 | +€313 | +154.9% |
| Profit (loss) for the period before taxes | 9903 | €60,549 | €66,696 | +€6,148 | +10.2% |
| Income taxes | 67/77 | €17,322 | €19,466 | +€2,144 | +12.4% |
| Profit (loss) for the period | 9904 | €43,227 | €47,230 | +€4,004 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,227 | €47,230 | +€4,004 | +9.3% |
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 5 October 2026 via checked.be.