INFIPAC: 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.
INFIPAC
Largest movements
- Tangible fixed assets +€32,308
new in 2025: €32,308
- Cash +€18,453
up €18,453 (+30.4%), from €60,763 to €79,216
mainly Net result for the year (+€54,312) and Other debts (+€48,600)
- Receivables within one year +€3,537
up €3,537 (+23.6%), from €14,994 to €18,531
of which Trade receivables: +€2,477
- Receivables after one year -€2,400
down €2,400 (-75.0%), from €3,200 to €800
- Other debts +€48,600
up €48,600 (+167.2%), from €29,075 to €77,675
- Profit (loss) carried forward +€4,312
up €4,312 (+27.0%), from €15,995 to €20,307
- Gross operating margin +€11,598
up €11,598 (+17.1%), from €67,627 to €79,225
- Taxes +€3,595
up €3,595 (+20.1%), from €17,861 to €21,456
- Depreciation +€2,540
new in 2025: €2,540
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 | €78,957 | €131,819 | +€52,862 | +66.9% |
| Fixed assets | 21/28 | - | €32,308 | +€32,308 | |
| Tangible fixed assets | 22/27 | - | €32,308 | +€32,308 | |
| Furniture and vehicles | 24 | - | €32,308 | +€32,308 | |
| Current assets | 29/58 | €78,957 | €99,511 | +€20,554 | +26.0% |
| Amounts receivable after more than one year | 29 | €3,200 | €800 | -€2,400 | -75.0% |
| Other amounts receivable | 291 | €3,200 | €800 | -€2,400 | -75.0% |
| Amounts receivable within one year | 40/41 | €14,994 | €18,531 | +€3,537 | +23.6% |
| Trade receivables | 40 | €11,657 | €14,134 | +€2,477 | +21.3% |
| Other amounts receivable | 41 | €3,337 | €4,397 | +€1,060 | +31.8% |
| Cash at bank and in hand | 54/58 | €60,763 | €79,216 | +€18,453 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €964 | +€964 | |
| Total equity and liabilities | 10/49 | €78,957 | €131,819 | +€52,862 | +66.9% |
| Equity | 10/15 | €36,455 | €40,767 | +€4,312 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,995 | €20,307 | +€4,312 | +27.0% |
| Amounts payable | 17/49 | €42,502 | €91,052 | +€48,550 | +114.2% |
| Amounts payable within one year | 42/48 | €42,502 | €91,052 | +€48,550 | +114.2% |
| Trade debts | 44 | €939 | €1,152 | +€212 | +22.6% |
| Suppliers | 440/4 | €939 | €1,152 | +€212 | +22.6% |
| Taxes, remuneration and social security | 45 | €12,487 | €12,225 | -€262 | -2.1% |
| Taxes | 450/3 | €7,961 | €10,510 | +€2,549 | +32.0% |
| Remuneration and social security | 454/9 | €4,527 | €1,715 | -€2,811 | -62.1% |
| Other amounts payable | 47/48 | €29,075 | €77,675 | +€48,600 | +167.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,540 | +€2,540 | |
| Other operating charges | 640/8 | €387 | €918 | +€531 | +137.1% |
| Gross operating margin | 9900 | €67,627 | €79,225 | +€11,598 | +17.1% |
| Operating profit (loss) | 9901 | €67,240 | €75,767 | +€8,527 | +12.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -73.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -73.9% |
| Financial charges | 65/66B | €58 | €0 | -€58 | -99.7% |
| Recurring financial charges | 65 | €58 | €0 | -€58 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €67,183 | €75,767 | +€8,584 | +12.8% |
| Income taxes | 67/77 | €17,861 | €21,456 | +€3,595 | +20.1% |
| Profit (loss) for the period | 9904 | €49,322 | €54,312 | +€4,989 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,322 | €54,312 | +€4,989 | +10.1% |
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 6 October 2026 via checked.be.