INFISCAD: 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.
INFISCAD
Largest movements
- Cash -€24,005
down €24,005 (-18.1%), from €132,559 to €108,555
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€19,711)
- Receivables within one year +€19,711
up €19,711 (+6.8%), from €291,768 to €311,480
of which Trade receivables: +€30,619
- Tangible fixed assets +€18,507
up €18,507 (+20.0%), from €92,533 to €111,040
- Other debts +€49,889
up €49,889 (+377.5%), from €13,214 to €63,103
- Profit (loss) carried forward -€25,490
down €25,490 (-5.1%), from €495,337 to €469,847
- Tax, wage and social debts -€7,360
down €7,360 (-34.2%), from €21,501 to €14,141
of which Taxes: -€8,872
- Gross operating margin -€13,414
down €13,414 (-11.7%), from €114,470 to €101,055
- Depreciation -€8,351
down €8,351 (-95.4%), from €8,753 to €402
- Taxes -€5,939
down €5,939 (-30.3%), from €19,590 to €13,651
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 | €544,581 | €559,044 | +€14,463 | +2.7% |
| Fixed assets | 21/28 | €118,408 | €136,915 | +€18,507 | +15.6% |
| Tangible fixed assets | 22/27 | €92,533 | €111,040 | +€18,507 | +20.0% |
| Land and buildings | 22 | €92,533 | €111,040 | +€18,507 | +20.0% |
| Financial fixed assets | 28 | €25,875 | €25,875 | = | 0.0% |
| Current assets | 29/58 | €426,173 | €422,129 | -€4,044 | -0.9% |
| Amounts receivable within one year | 40/41 | €291,768 | €311,480 | +€19,711 | +6.8% |
| Trade receivables | 40 | €271,841 | €302,460 | +€30,619 | +11.3% |
| Other amounts receivable | 41 | €19,927 | €9,019 | -€10,908 | -54.7% |
| Cash at bank and in hand | 54/58 | €132,559 | €108,555 | -€24,005 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,845 | €2,095 | +€249 | +13.5% |
| Total equity and liabilities | 10/49 | €544,581 | €559,044 | +€14,463 | +2.7% |
| Equity | 10/15 | €504,642 | €479,152 | -€25,490 | -5.1% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €495,337 | €469,847 | -€25,490 | -5.1% |
| Amounts payable | 17/49 | €39,939 | €79,892 | +€39,954 | +100.0% |
| Amounts payable within one year | 42/48 | €39,939 | €79,892 | +€39,954 | +100.0% |
| Trade debts | 44 | €5,223 | €2,647 | -€2,576 | -49.3% |
| Suppliers | 440/4 | €5,223 | €2,647 | -€2,576 | -49.3% |
| Taxes, remuneration and social security | 45 | €21,501 | €14,141 | -€7,360 | -34.2% |
| Taxes | 450/3 | €14,590 | €5,718 | -€8,872 | -60.8% |
| Remuneration and social security | 454/9 | €6,911 | €8,424 | +€1,512 | +21.9% |
| Other amounts payable | 47/48 | €13,214 | €63,103 | +€49,889 | +377.5% |
| Non-recurring operating income | 76A | - | €28,250 | +€28,250 | |
| Remuneration, social security and pensions | 62 | €34,193 | €34,902 | +€709 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,753 | €402 | -€8,351 | -95.4% |
| Other operating charges | 640/8 | €3,909 | €3,687 | -€222 | -5.7% |
| Gross operating margin | 9900 | €114,470 | €101,055 | -€13,414 | -11.7% |
| Operating profit (loss) | 9901 | €67,613 | €62,064 | -€5,550 | -8.2% |
| Financial income | 75/76B | €821 | €1,387 | +€567 | +69.1% |
| Recurring financial income | 75 | €821 | €1,387 | +€567 | +69.1% |
| Financial charges | 65/66B | €285 | €290 | +€5 | +1.9% |
| Recurring financial charges | 65 | €285 | €290 | +€5 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €68,149 | €63,161 | -€4,989 | -7.3% |
| Income taxes | 67/77 | €19,590 | €13,651 | -€5,939 | -30.3% |
| Profit (loss) for the period | 9904 | €48,560 | €49,510 | +€950 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,560 | €49,510 | +€950 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.