INFISO: 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.
What changed
INFISO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.9m
2024 · €2.9m+€4.0m
Equity
€72.5m
2024 · €65.6m+€6.9m
Cash
€628,085
2024 · €471,255+€156,831
Balance sheet total
€79.6m
2024 · €71.8m+€7.8m
Largest movements
Assets
- Current investments +€5.8m
up €5.8m (+25.6%), from €22.5m to €28.2m
of which Own shares: +€5.0m
- Receivables within one year +€3.7m
up €3.7m (+43.0%), from €8.6m to €12.2m
of which Other amounts receivable: +€3.7m
- Receivables after one year -€1.9m
down €1.9m (-17.2%), from €11.3m to €9.4m
Equity and liabilities
- Reserves +€5.0m
up €5.0m (+27.8%), from €18.0m to €23.0m
of which Non-distributable reserves: +€5.0m
- Profit (loss) carried forward +€1.9m
up €1.9m (+5.1%), from €37.3m to €39.2m
- Other debts +€899,572
up €899,572 (+19.8%), from €4.5m to €5.4m
Income statement
- Turnover +€6.7m
up €6.7m (+197%), from €3.4m to €10.1m
- Financial charges +€3.2m
up €3.2m (+811%), from €399,687 to €3.6m
of which Non-recurring financial charges: +€3.1m
- Financial income +€1.3m
up €1.3m (+173%), from €727,881 to €2.0m
of which Financial income: +€860,947
- Services and other goods +€788,218
up €788,218 (+106%), from €740,962 to €1.5m
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.
Result 2024
€2.9m
Turnover
+€6.7m
Other operating income
+€1,576
Services and other goods
-€788,218
Other operating charges
-€531
Other operating items
+€67,507
Financial income
+€1.3m
Financial charges
-€3.2m
Result 2025
€6.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.1m
Investment
-€5.9m
Financing
-€59,333
Cash 2024
€471,255
From operations (derived)
+€6.1m
Net result for the year
+€6.9m
Receivables after one year
+€1.9m
Receivables within one year
-€3.7m
Smaller working-capital items
-€2,026
Trade debts
+€121,805
Tax, wage and social debts
-€51,854
Other debts
+€899,572
Investment (derived)
-€5.9m
Investment in fixed assets (net)
-€145,371
Current investments
-€5.8m
Financing
-€59,333
Debts after one year
+€334
Current portion of long-term debt
-€59,667
Cash 2025
€628,085
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,809,076 | €79,605,108 | +€7.8m | +10.9% |
| Fixed assets | 21/28 | €28,994,663 | €29,140,034 | +€145,371 | +0.5% |
| Financial fixed assets | 28 | €28,994,663 | €29,140,034 | +€145,371 | +0.5% |
| Affiliated companies | 280/1 | €22,137,112 | €15,441,689 | -€6.7m | -30.2% |
| Participating interests | 280 | €22,137,112 | €15,441,689 | -€6.7m | -30.2% |
| Companies linked by participating interests | 282/3 | €6,740,028 | €10,223,626 | +€3.5m | +51.7% |
| Participating interests | 282 | €6,740,028 | €10,223,626 | +€3.5m | +51.7% |
| Other financial fixed assets | 284/8 | €117,523 | €3,474,719 | +€3.4m | +2,857% |
| Shares | 284 | €117,523 | €3,474,719 | +€3.4m | +2,857% |
| Current assets | 29/58 | €42,814,413 | €50,465,074 | +€7.7m | +17.9% |
| Amounts receivable after more than one year | 29 | €11,299,535 | €9,354,019 | -€1.9m | -17.2% |
| Trade receivables | 290 | €11,299,535 | €9,354,019 | -€1.9m | -17.2% |
| Amounts receivable within one year | 40/41 | €8,553,170 | €12,228,230 | +€3.7m | +43.0% |
| Trade receivables | 40 | €72,158 | €7,254 | -€64,904 | -89.9% |
| Other amounts receivable | 41 | €8,481,012 | €12,220,976 | +€3.7m | +44.1% |
| Current investments | 50/53 | €22,486,856 | €28,249,236 | +€5.8m | +25.6% |
| Own shares | 50 | €13,618,938 | €18,620,885 | +€5.0m | +36.7% |
| Other investments | 51/53 | €8,867,918 | €9,628,351 | +€760,433 | +8.6% |
| Cash at bank and in hand | 54/58 | €471,255 | €628,085 | +€156,831 | +33.3% |
| Deferred charges and accrued income | 490/1 | €3,598 | €5,504 | +€1,906 | +53.0% |
| Total equity and liabilities | 10/49 | €71,809,076 | €79,605,108 | +€7.8m | +10.9% |
| Equity | 10/15 | €65,587,568 | €72,473,531 | +€6.9m | +10.5% |
| Contributions | 10/11 | €10,271,223 | €10,271,223 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €271,223 | €271,223 | = | 0.0% |
| Share premium | 1100/10 | €271,223 | €271,223 | = | 0.0% |
| Reserves | 13 | €18,014,538 | €23,016,485 | +€5.0m | +27.8% |
| Non-distributable reserves | 130/1 | €14,618,938 | €19,620,885 | +€5.0m | +34.2% |
| Legal reserve | 130 | €1,000,000 | €1,000,000 | = | 0.0% |
| Own shares acquired | 1312 | €13,618,938 | €18,620,885 | +€5.0m | +36.7% |
| Distributable reserves | 133 | €3,395,600 | €3,395,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,301,808 | €39,185,823 | +€1.9m | +5.1% |
| Amounts payable | 17/49 | €6,221,508 | €7,131,577 | +€910,069 | +14.6% |
| Amounts payable after more than one year | 17 | €1,464,326 | €1,464,660 | +€334 | 0.0% |
| Financial debts | 170/4 | €1,458,302 | €1,464,660 | +€6,357 | +0.4% |
| Other loans | 174 | €1,458,302 | €1,464,660 | +€6,357 | +0.4% |
| Other amounts payable | 178/9 | €6,024 | - | -€6,024 | |
| Amounts payable within one year | 42/48 | €4,757,062 | €5,666,917 | +€909,855 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €59,667 | - | -€59,667 | |
| Trade debts | 44 | €34,084 | €155,889 | +€121,805 | +357% |
| Suppliers | 440/4 | €34,084 | €155,889 | +€121,805 | +357% |
| Taxes, remuneration and social security | 45 | €124,982 | €73,128 | -€51,854 | -41.5% |
| Taxes | 450/3 | €124,982 | €73,128 | -€51,854 | -41.5% |
| Other amounts payable | 47/48 | €4,538,328 | €5,437,900 | +€899,572 | +19.8% |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Operating income | 70/76A | €3,404,308 | €10,122,651 | +€6.7m | +197% |
| Turnover | 70 | €3,404,308 | €10,121,075 | +€6.7m | +197% |
| Other operating income | 74 | - | €1,576 | +€1,576 | |
| Operating charges | 60/66A | €865,357 | €1,586,600 | +€721,243 | +83.3% |
| Services and other goods | 61 | €740,962 | €1,529,180 | +€788,218 | +106% |
| Other operating charges | 640/8 | €4,396 | €4,927 | +€531 | +12.1% |
| Non-recurring operating charges | 66A | €120,000 | €52,493 | -€67,507 | -56.3% |
| Operating profit (loss) | 9901 | €2,538,951 | €8,536,051 | +€6.0m | +236% |
| Financial income | 75/76B | €727,881 | €1,990,351 | +€1.3m | +173% |
| Recurring financial income | 75 | €689,257 | €1,550,204 | +€860,947 | +125% |
| Income from current assets | 751 | €663,846 | €1,154,894 | +€491,048 | +74.0% |
| Other financial income | 752/9 | €25,411 | €395,310 | +€369,899 | +1,456% |
| Non-recurring financial income | 76B | €38,624 | €440,147 | +€401,523 | +1,040% |
| Financial charges | 65/66B | €399,687 | €3,640,439 | +€3.2m | +811% |
| Recurring financial charges | 65 | €129,635 | €274,450 | +€144,815 | +112% |
| Debt charges | 650 | €53,411 | €242,787 | +€189,375 | +355% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €26,849 | €21,440 | -€5,409 | -20.1% |
| Other financial charges | 652/9 | €49,374 | €10,223 | -€39,151 | -79.3% |
| Non-recurring financial charges | 66B | €270,052 | €3,365,990 | +€3.1m | +1,146% |
| Profit (loss) for the period before taxes | 9903 | €2,867,145 | €6,885,963 | +€4.0m | +140% |
| Profit (loss) for the period | 9904 | €2,867,145 | €6,885,963 | +€4.0m | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €2,867,145 | €6,885,963 | +€4.0m | +140% |
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 14 October 2026 via checked.be.