INFISCO: 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.
INFISCO
Largest movements
- Cash +€25,129
up €25,129 (+35.8%), from €70,276 to €95,406
mainly Net result for the year (+€32,673) and Contributions, distributions and other (+€18,988)
- Receivables within one year +€13,013
up €13,013 (+4.1%), from €315,952 to €328,965
of which Trade receivables: +€24,797
- Profit (loss) carried forward +€29,661
up €29,661, from -€9,606 to €20,055
- Reserves +€22,000
up €22,000 (+11.5%), from €190,904 to €212,904
of which Distributable reserves: +€22,000
- Tax, wage and social debts -€6,225
down €6,225 (-36.6%), from €16,985 to €10,760
of which Taxes: -€8,225
- Taxes -€17,726
down €17,726 (-49.3%), from €35,933 to €18,207
- Gross operating margin +€14,163
up €14,163 (+37.1%), from €38,175 to €52,337
- Depreciation -€11,125
no longer reported in 2025 (was €11,125)
- Other operating charges -€6,339
down €6,339 (-77.1%), from €8,220 to €1,881
- Financial income -€4,437
down €4,437 (-85.2%), from €5,211 to €773
of which Non-recurring financial income: -€5,200
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 | €529,404 | €572,499 | +€43,095 | +8.1% |
| Fixed assets | 21/28 | €86,112 | €90,823 | +€4,711 | +5.5% |
| Tangible fixed assets | 22/27 | €78,675 | €83,386 | +€4,711 | +6.0% |
| Furniture and vehicles | 24 | €78,675 | €83,386 | +€4,711 | +6.0% |
| Financial fixed assets | 28 | €7,437 | €7,437 | = | 0.0% |
| Current assets | 29/58 | €443,292 | €481,676 | +€38,384 | +8.7% |
| Amounts receivable after more than one year | 29 | €57,063 | €57,063 | = | 0.0% |
| Other amounts receivable | 291 | €57,063 | €57,063 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €315,952 | €328,965 | +€13,013 | +4.1% |
| Trade receivables | 40 | €194,926 | €219,724 | +€24,797 | +12.7% |
| Other amounts receivable | 41 | €121,026 | €109,241 | -€11,784 | -9.7% |
| Cash at bank and in hand | 54/58 | €70,276 | €95,406 | +€25,129 | +35.8% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €529,404 | €572,499 | +€43,095 | +8.1% |
| Equity | 10/15 | €313,304 | €364,966 | +€51,661 | +16.5% |
| Contributions | 10/11 | €132,006 | €132,006 | = | 0.0% |
| Reserves | 13 | €190,904 | €212,904 | +€22,000 | +11.5% |
| Non-distributable reserves | 130/1 | €13,201 | €13,201 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,201 | €13,201 | = | 0.0% |
| Distributable reserves | 133 | €177,704 | €199,704 | +€22,000 | +12.4% |
| Profit (loss) carried forward | 14 | -€9,606 | €20,055 | +€29,661 | |
| Amounts payable | 17/49 | €216,100 | €207,533 | -€8,566 | -4.0% |
| Amounts payable within one year | 42/48 | €216,100 | €207,533 | -€8,566 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €1,750 | €1,741 | -€9 | -0.5% |
| Financial debts | 43 | €27 | €1,186 | +€1,160 | +4,322% |
| Credit institutions | 430/8 | €27 | €1,186 | +€1,160 | +4,322% |
| Trade debts | 44 | €188,190 | €183,553 | -€4,637 | -2.5% |
| Suppliers | 440/4 | €188,190 | €183,553 | -€4,637 | -2.5% |
| Taxes, remuneration and social security | 45 | €16,985 | €10,760 | -€6,225 | -36.6% |
| Taxes | 450/3 | €8,225 | - | -€8,225 | |
| Remuneration and social security | 454/9 | €8,760 | €10,760 | +€2,000 | +22.8% |
| Other amounts payable | 47/48 | €9,147 | €10,292 | +€1,145 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,125 | - | -€11,125 | |
| Other operating charges | 640/8 | €8,220 | €1,881 | -€6,339 | -77.1% |
| Gross operating margin | 9900 | €38,175 | €52,337 | +€14,163 | +37.1% |
| Operating profit (loss) | 9901 | €18,830 | €50,456 | +€31,627 | +168% |
| Financial income | 75/76B | €5,211 | €773 | -€4,437 | -85.2% |
| Recurring financial income | 75 | €11 | €773 | +€763 | +7,249% |
| Non-recurring financial income | 76B | €5,200 | - | -€5,200 | |
| Financial charges | 65/66B | €491 | €349 | -€142 | -28.8% |
| Recurring financial charges | 65 | €491 | €349 | -€142 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €23,549 | €50,880 | +€27,331 | +116% |
| Income taxes | 67/77 | €35,933 | €18,207 | -€17,726 | -49.3% |
| Profit (loss) for the period | 9904 | -€12,384 | €32,673 | +€45,057 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,384 | €32,673 | +€45,057 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.