INFIPSY: 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.
INFIPSY
Largest movements
- Cash +€87,733
up €87,733 (+66.7%), from €131,506 to €219,239
mainly Net result for the year (+€105,959) and Depreciation (+€35,594)
- Receivables within one year +€22,615
up €22,615 (+3865.8%), from €585 to €23,200
- Tangible fixed assets -€13,622
down €13,622 (-3.2%), from €420,067 to €406,445
of which Furniture and vehicles: -€9,622
- Profit (loss) carried forward +€105,959
up €105,959 (+21.4%), from €494,200 to €600,159
- Debts after one year -€14,698
down €14,698 (-32.7%), from €44,996 to €30,298
- Tax, wage and social debts +€9,482
up €9,482 (+4472.6%), from €212 to €9,694
- Turnover +€112,983
up €112,983 (+22.4%), from €505,179 to €618,162
- Purchases and services +€93,096
up €93,096 (+25.3%), from €367,500 to €460,596
- Gross operating margin +€19,887
up €19,887 (+14.4%), from €137,679 to €157,566
- Taxes -€12,601
down €12,601 (-50.2%), from €25,119 to €12,518
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 | €552,158 | €648,884 | +€96,726 | +17.5% |
| Fixed assets | 21/28 | €420,067 | €406,445 | -€13,622 | -3.2% |
| Tangible fixed assets | 22/27 | €420,067 | €406,445 | -€13,622 | -3.2% |
| Land and buildings | 22 | €389,169 | €385,169 | -€4,000 | -1.0% |
| Furniture and vehicles | 24 | €30,898 | €21,276 | -€9,622 | -31.1% |
| Current assets | 29/58 | €132,091 | €242,439 | +€110,348 | +83.5% |
| Amounts receivable within one year | 40/41 | €585 | €23,200 | +€22,615 | +3865.8% |
| Other amounts receivable | 41 | €585 | €23,200 | +€22,615 | +3865.8% |
| Cash at bank and in hand | 54/58 | €131,506 | €219,239 | +€87,733 | +66.7% |
| Total equity and liabilities | 10/49 | €552,158 | €648,884 | +€96,726 | +17.5% |
| Equity | 10/15 | €502,260 | €608,219 | +€105,959 | +21.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494,200 | €600,159 | +€105,959 | +21.4% |
| Amounts payable | 17/49 | €49,898 | €40,665 | -€9,233 | -18.5% |
| Amounts payable after more than one year | 17 | €44,996 | €30,298 | -€14,698 | -32.7% |
| Financial debts | 170/4 | €44,996 | €30,298 | -€14,698 | -32.7% |
| Amounts payable within one year | 42/48 | €4,902 | €10,367 | +€5,465 | +111.5% |
| Trade debts | 44 | €4,690 | €673 | -€4,017 | -85.7% |
| Suppliers | 440/4 | €4,690 | €673 | -€4,017 | -85.7% |
| Taxes, remuneration and social security | 45 | €212 | €9,694 | +€9,482 | +4472.6% |
| Taxes | 450/3 | €212 | €9,694 | +€9,482 | +4472.6% |
| Turnover | 70 | €505,179 | €618,162 | +€112,983 | +22.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €367,500 | €460,596 | +€93,096 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,388 | €35,594 | +€5,206 | +17.1% |
| Other operating charges | 640/8 | €1,468 | €1,510 | +€42 | +2.9% |
| Gross operating margin | 9900 | €137,679 | €157,566 | +€19,887 | +14.4% |
| Operating profit (loss) | 9901 | €105,823 | €120,462 | +€14,639 | +13.8% |
| Financial income | 75/76B | €415 | - | -€415 | |
| Recurring financial income | 75 | €415 | - | -€415 | |
| Financial charges | 65/66B | €2,708 | €1,985 | -€723 | -26.7% |
| Recurring financial charges | 65 | €2,708 | €1,985 | -€723 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €103,530 | €118,477 | +€14,947 | +14.4% |
| Income taxes | 67/77 | €25,119 | €12,518 | -€12,601 | -50.2% |
| Profit (loss) for the period | 9904 | €78,411 | €105,959 | +€27,548 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,411 | €105,959 | +€27,548 | +35.1% |
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.