INFISAH: 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.
INFISAH
Largest movements
- Receivables after one year +€55,000
new in 2025: €55,000
- Receivables within one year -€45,210
down €45,210 (-79.4%), from €56,927 to €11,717
of which Other amounts receivable: -€52,220
- Cash +€1,190
up €1,190 (+179.2%), from €664 to €1,854
mainly Receivables within one year (+€45,210) and Net result for the year (+€10,632)
- Deferred charges and accrued income +€776
up €776 (+154.6%), from €502 to €1,278
- Profit (loss) carried forward +€10,711
up €10,711 (+25.8%), from €41,465 to €52,176
- Tax, wage and social debts +€3,254
up €3,254 (+28.7%), from €11,319 to €14,573
- Trade debts -€2,629
down €2,629 (-69.0%), from €3,809 to €1,180
- Gross operating margin -€38,489
down €38,489 (-72.4%), from €53,133 to €14,643
- Taxes -€8,066
down €8,066 (-71.3%), from €11,319 to €3,254
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 | €58,093 | €69,849 | +€11,756 | +20.2% |
| Current assets | 29/58 | €58,093 | €69,849 | +€11,756 | +20.2% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 291 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €56,927 | €11,717 | -€45,210 | -79.4% |
| Trade receivables | 40 | - | €7,010 | +€7,010 | |
| Other amounts receivable | 41 | €56,927 | €4,707 | -€52,220 | -91.7% |
| Cash at bank and in hand | 54/58 | €664 | €1,854 | +€1,190 | +179.2% |
| Deferred charges and accrued income | 490/1 | €502 | €1,278 | +€776 | +154.6% |
| Total equity and liabilities | 10/49 | €58,093 | €69,849 | +€11,756 | +20.2% |
| Equity | 10/15 | €42,965 | €53,676 | +€10,711 | +24.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,465 | €52,176 | +€10,711 | +25.8% |
| Amounts payable | 17/49 | €15,128 | €16,173 | +€1,045 | +6.9% |
| Amounts payable within one year | 42/48 | €15,128 | €15,753 | +€625 | +4.1% |
| Trade debts | 44 | €3,809 | €1,180 | -€2,629 | -69.0% |
| Suppliers | 440/4 | €3,809 | €1,180 | -€2,629 | -69.0% |
| Taxes, remuneration and social security | 45 | €11,319 | €14,573 | +€3,254 | +28.7% |
| Taxes | 450/3 | €11,319 | €14,573 | +€3,254 | +28.7% |
| Accrued charges and deferred income | 492/3 | - | €420 | +€420 | |
| Other operating charges | 640/8 | €270 | €696 | +€426 | +157.5% |
| Gross operating margin | 9900 | €53,133 | €14,643 | -€38,489 | -72.4% |
| Operating profit (loss) | 9901 | €52,862 | €13,947 | -€38,915 | -73.6% |
| Financial charges | 65/66B | €78 | €61 | -€17 | -21.5% |
| Recurring financial charges | 65 | €78 | €61 | -€17 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €52,784 | €13,886 | -€38,898 | -73.7% |
| Income taxes | 67/77 | €11,319 | €3,254 | -€8,066 | -71.3% |
| Profit (loss) for the period | 9904 | €41,465 | €10,632 | -€30,833 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,465 | €10,632 | -€30,833 | -74.4% |
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 7 October 2026 via checked.be.