INFIRCO: 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.
INFIRCO
Largest movements
- Tangible fixed assets +€90,783
up €90,783 (+9.2%), from €989,398 to €1.1m
of which Land and buildings: +€92,994
- Receivables within one year -€18,642
down €18,642 (-36.1%), from €51,704 to €33,062
of which Other amounts receivable: -€24,810
- Reserves +€130,000
up €130,000 (+169%), from €76,860 to €206,860
of which Distributable reserves: +€130,000
- Debts after one year -€78,425
down €78,425 (-25.1%), from €311,866 to €233,441
- Tax, wage and social debts +€25,250
up €25,250 (+81.3%), from €31,043 to €56,293
- Current portion of long-term debt -€11,180
down €11,180 (-12.5%), from €89,605 to €78,425
- Gross operating margin +€56,091
up €56,091 (+29.1%), from €192,702 to €248,793
- Taxes +€5,895
up €5,895 (+11.8%), from €50,148 to €56,043
- Depreciation +€3,995
up €3,995 (+7.9%), from €50,698 to €54,693
- Financial charges -€3,392
down €3,392 (-37.8%), from €8,963 to €5,571
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.
Derived cash bridge
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 | €1,042,533 | €1,114,340 | +€71,807 | +6.9% |
| Fixed assets | 21/28 | €989,441 | €1,080,224 | +€90,783 | +9.2% |
| Tangible fixed assets | 22/27 | €989,398 | €1,080,181 | +€90,783 | +9.2% |
| Land and buildings | 22 | €949,451 | €1,042,445 | +€92,994 | +9.8% |
| Furniture and vehicles | 24 | €21,919 | €18,994 | -€2,925 | -13.3% |
| Other tangible fixed assets | 26 | €18,028 | €18,742 | +€715 | +4.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €53,092 | €34,115 | -€18,977 | -35.7% |
| Amounts receivable within one year | 40/41 | €51,704 | €33,062 | -€18,642 | -36.1% |
| Trade receivables | 40 | €22,196 | €28,364 | +€6,168 | +27.8% |
| Other amounts receivable | 41 | €29,508 | €4,698 | -€24,810 | -84.1% |
| Cash at bank and in hand | 54/58 | €4 | €839 | +€836 | +23,541% |
| Deferred charges and accrued income | 490/1 | €1,384 | €214 | -€1,170 | -84.6% |
| Total equity and liabilities | 10/49 | €1,042,533 | €1,114,340 | +€71,807 | +6.9% |
| Equity | 10/15 | €583,693 | €714,278 | +€130,585 | +22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,860 | €206,860 | +€130,000 | +169% |
| 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 | €75,000 | €205,000 | +€130,000 | +173% |
| Profit (loss) carried forward | 14 | €500,633 | €501,218 | +€585 | +0.1% |
| Amounts payable | 17/49 | €458,840 | €400,061 | -€58,779 | -12.8% |
| Amounts payable after more than one year | 17 | €311,866 | €233,441 | -€78,425 | -25.1% |
| Financial debts | 170/4 | €311,866 | €233,441 | -€78,425 | -25.1% |
| Amounts payable within one year | 42/48 | €146,477 | €166,621 | +€20,143 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €89,605 | €78,425 | -€11,180 | -12.5% |
| Trade debts | 44 | €25,829 | €31,902 | +€6,072 | +23.5% |
| Suppliers | 440/4 | €25,829 | €31,902 | +€6,072 | +23.5% |
| Taxes, remuneration and social security | 45 | €31,043 | €56,293 | +€25,250 | +81.3% |
| Taxes | 450/3 | €31,043 | €56,293 | +€25,250 | +81.3% |
| Accrued charges and deferred income | 492/3 | €496 | - | -€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,698 | €54,693 | +€3,995 | +7.9% |
| Other operating charges | 640/8 | €5,002 | €2,684 | -€2,319 | -46.4% |
| Gross operating margin | 9900 | €192,702 | €248,793 | +€56,091 | +29.1% |
| Operating profit (loss) | 9901 | €137,002 | €191,416 | +€54,415 | +39.7% |
| Financial income | 75/76B | €2,334 | €1,616 | -€718 | -30.8% |
| Recurring financial income | 75 | €2,334 | €1,616 | -€718 | -30.8% |
| Financial charges | 65/66B | €8,963 | €5,571 | -€3,392 | -37.8% |
| Recurring financial charges | 65 | €8,963 | €5,571 | -€3,392 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €130,373 | €187,462 | +€57,089 | +43.8% |
| Income taxes | 67/77 | €50,148 | €56,043 | +€5,895 | +11.8% |
| Profit (loss) for the period | 9904 | €80,225 | €131,418 | +€51,193 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,225 | €131,418 | +€51,193 | +63.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.