INFIPRO: 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.
INFIPRO
Largest movements
- Receivables within one year +€131,720
up €131,720 (+24.4%), from €540,798 to €672,518
of which Other amounts receivable: +€134,318
- Cash -€110,946
down €110,946 (-46.3%), from €239,754 to €128,808
mainly Receivables within one year (-€131,720) and Debts after one year (-€39,497)
- Tangible fixed assets -€38,094
down €38,094 (-12.5%), from €304,081 to €265,987
of which Leasing and similar rights: -€22,808
- Current investments +€12,000
new in 2025: €12,000
- Reserves +€72,796
up €72,796 (+9.2%), from €794,142 to €866,938
of which Distributable reserves: +€72,796
- Debts after one year -€39,497
down €39,497 (-68.3%), from €57,802 to €18,304
- Current portion of long-term debt -€11,975
down €11,975 (-33.7%), from €35,564 to €23,589
- Other debts -€11,498
down €11,498 (-100.0%), from €11,498 to €0
- Taxes -€31,390
down €31,390 (-43.2%), from €72,677 to €41,287
- Depreciation -€9,491
down €9,491 (-38.3%), from €24,776 to €15,285
- Financial income +€5,229
up €5,229 (+231.2%), from €2,262 to €7,491
- Other operating charges -€1,757
down €1,757 (-26.3%), from €6,676 to €4,919
- Financial charges +€1,573
up €1,573 (+24.0%), from €6,567 to €8,141
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 | €1,102,757 | €1,099,632 | -€3,125 | -0.3% |
| Fixed assets | 21/28 | €307,412 | €269,318 | -€38,094 | -12.4% |
| Tangible fixed assets | 22/27 | €304,081 | €265,987 | -€38,094 | -12.5% |
| Land and buildings | 22 | €269,454 | €255,625 | -€13,829 | -5.1% |
| Plant, machinery and equipment | 23 | €11,818 | €10,362 | -€1,456 | -12.3% |
| Leasing and similar rights | 25 | €22,808 | €0 | -€22,808 | -100.0% |
| Financial fixed assets | 28 | €3,331 | €3,331 | = | 0.0% |
| Current assets | 29/58 | €795,345 | €830,314 | +€34,968 | +4.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €540,798 | €672,518 | +€131,720 | +24.4% |
| Trade receivables | 40 | €4,441 | €1,843 | -€2,599 | -58.5% |
| Other amounts receivable | 41 | €536,357 | €670,675 | +€134,318 | +25.0% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €239,754 | €128,808 | -€110,946 | -46.3% |
| Deferred charges and accrued income | 490/1 | €14,793 | €16,988 | +€2,195 | +14.8% |
| Total equity and liabilities | 10/49 | €1,102,757 | €1,099,632 | -€3,125 | -0.3% |
| Equity | 10/15 | €812,734 | €885,530 | +€72,796 | +9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €794,142 | €866,938 | +€72,796 | +9.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €794,142 | €866,938 | +€72,796 | +9.2% |
| Provisions and deferred taxes | 16 | €120,680 | €120,680 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €120,680 | €120,680 | = | 0.0% |
| Pensions and similar obligations | 160 | €120,680 | €120,680 | = | 0.0% |
| Amounts payable | 17/49 | €169,344 | €93,423 | -€75,921 | -44.8% |
| Amounts payable after more than one year | 17 | €57,802 | €18,304 | -€39,497 | -68.3% |
| Financial debts | 170/4 | €57,802 | €18,304 | -€39,497 | -68.3% |
| Amounts payable within one year | 42/48 | €111,542 | €75,118 | -€36,424 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €35,564 | €23,589 | -€11,975 | -33.7% |
| Financial debts | 43 | €3,009 | €6,216 | +€3,207 | +106.6% |
| Credit institutions | 430/8 | €3,009 | €6,216 | +€3,207 | +106.6% |
| Trade debts | 44 | €18,029 | €10,268 | -€7,761 | -43.0% |
| Suppliers | 440/4 | €18,029 | €10,268 | -€7,761 | -43.0% |
| Taxes, remuneration and social security | 45 | €43,442 | €35,046 | -€8,396 | -19.3% |
| Taxes | 450/3 | €43,442 | €35,046 | -€8,396 | -19.3% |
| Other amounts payable | 47/48 | €11,498 | €0 | -€11,498 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,776 | €15,285 | -€9,491 | -38.3% |
| Other operating charges | 640/8 | €6,676 | €4,919 | -€1,757 | -26.3% |
| Non-recurring operating charges | 66A | - | €10,988 | +€10,988 | |
| Gross operating margin | 9900 | €146,406 | €145,925 | -€481 | -0.3% |
| Operating profit (loss) | 9901 | €114,954 | €114,732 | -€222 | -0.2% |
| Financial income | 75/76B | €2,262 | €7,491 | +€5,229 | +231.2% |
| Recurring financial income | 75 | €2,262 | €7,491 | +€5,229 | +231.2% |
| Financial charges | 65/66B | €6,567 | €8,141 | +€1,573 | +24.0% |
| Recurring financial charges | 65 | €6,567 | €8,141 | +€1,573 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €110,649 | €114,083 | +€3,434 | +3.1% |
| Income taxes | 67/77 | €72,677 | €41,287 | -€31,390 | -43.2% |
| Profit (loss) for the period | 9904 | €37,972 | €72,796 | +€34,824 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,972 | €72,796 | +€34,824 | +91.7% |
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 4 October 2026 via checked.be.