INFISACHA: 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.
INFISACHA
Largest movements
- Cash +€69,736
up €69,736 (+24.2%), from €288,547 to €358,283
mainly Net result for the year (+€84,431) and Receivables within one year (+€24,333)
- Receivables within one year -€24,333
down €24,333 (-25.0%), from €97,372 to €73,039
of which Trade receivables: -€22,608
- Reserves +€79,083
up €79,083 (+25.2%), from €314,395 to €393,478
- Profit (loss) carried forward -€28,571
down €28,571 (-56.1%), from €50,953 to €22,382
- Other debts +€14,380
new in 2025: €14,380
- Trade debts -€8,792
down €8,792 (-60.2%), from €14,597 to €5,805
- Tax, wage and social debts -€5,678
down €5,678 (-19.7%), from €28,772 to €23,094
of which Taxes: -€8,072
- Gross operating margin -€23,030
down €23,030 (-14.8%), from €155,396 to €132,366
- Taxes -€7,314
down €7,314 (-18.1%), from €40,338 to €33,024
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 | €461,827 | €507,787 | +€45,960 | +10.0% |
| Fixed assets | 21/28 | €75,908 | €74,374 | -€1,534 | -2.0% |
| Tangible fixed assets | 22/27 | €75,858 | €74,324 | -€1,534 | -2.0% |
| Land and buildings | 22 | €42,103 | €49,549 | +€7,446 | +17.7% |
| Furniture and vehicles | 24 | €33,755 | €24,775 | -€8,980 | -26.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €385,919 | €433,413 | +€47,494 | +12.3% |
| Amounts receivable within one year | 40/41 | €97,372 | €73,039 | -€24,333 | -25.0% |
| Trade receivables | 40 | €92,025 | €69,417 | -€22,608 | -24.6% |
| Other amounts receivable | 41 | €5,347 | €3,622 | -€1,725 | -32.3% |
| Cash at bank and in hand | 54/58 | €288,547 | €358,283 | +€69,736 | +24.2% |
| Deferred charges and accrued income | 490/1 | - | €2,091 | +€2,091 | |
| Total equity and liabilities | 10/49 | €461,827 | €507,787 | +€45,960 | +10.0% |
| Equity | 10/15 | €385,808 | €436,320 | +€50,512 | +13.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €314,395 | €393,478 | +€79,083 | +25.2% |
| Distributable reserves | 133 | €314,395 | €393,478 | +€79,083 | +25.2% |
| Profit (loss) carried forward | 14 | €50,953 | €22,382 | -€28,571 | -56.1% |
| Amounts payable | 17/49 | €76,019 | €71,467 | -€4,552 | -6.0% |
| Amounts payable after more than one year | 17 | €14,854 | €9,807 | -€5,047 | -34.0% |
| Financial debts | 170/4 | €14,854 | €9,807 | -€5,047 | -34.0% |
| Amounts payable within one year | 42/48 | €61,165 | €61,660 | +€495 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €17,796 | €18,381 | +€585 | +3.3% |
| Trade debts | 44 | €14,597 | €5,805 | -€8,792 | -60.2% |
| Suppliers | 440/4 | €14,597 | €5,805 | -€8,792 | -60.2% |
| Taxes, remuneration and social security | 45 | €28,772 | €23,094 | -€5,678 | -19.7% |
| Taxes | 450/3 | €28,772 | €20,700 | -€8,072 | -28.1% |
| Remuneration and social security | 454/9 | - | €2,394 | +€2,394 | |
| Other amounts payable | 47/48 | - | €14,380 | +€14,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,931 | €12,308 | -€623 | -4.8% |
| Other operating charges | 640/8 | €1,056 | €902 | -€154 | -14.6% |
| Gross operating margin | 9900 | €155,396 | €132,366 | -€23,030 | -14.8% |
| Operating profit (loss) | 9901 | €141,409 | €119,156 | -€22,253 | -15.7% |
| Financial income | 75/76B | €586 | €691 | +€105 | +17.9% |
| Recurring financial income | 75 | €586 | €691 | +€105 | +17.9% |
| Financial charges | 65/66B | €1,678 | €2,392 | +€714 | +42.6% |
| Recurring financial charges | 65 | €1,678 | €2,392 | +€714 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €140,317 | €117,455 | -€22,862 | -16.3% |
| Income taxes | 67/77 | €40,338 | €33,024 | -€7,314 | -18.1% |
| Profit (loss) for the period | 9904 | €99,979 | €84,431 | -€15,548 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,979 | €84,431 | -€15,548 | -15.6% |
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 1 October 2026 via checked.be.