INFISOINS MOREAU: 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.
INFISOINS MOREAU
Largest movements
- Cash +€46,031
up €46,031 (+48.3%), from €95,245 to €141,276
mainly Other debts (+€109,990) and Net result for the year (+€93,580)
- Current investments +€22,830
up €22,830 (+9.0%), from €252,628 to €275,458
- Tangible fixed assets -€6,752
down €6,752 (-29.8%), from €22,626 to €15,874
of which Furniture and vehicles: -€8,745
- Other debts +€109,990
up €109,990 (+849%), from €12,953 to €122,943
- Reserves -€66,767
down €66,767 (-19.5%), from €342,198 to €275,431
- Tax, wage and social debts +€14,281
up €14,281 (+51.6%), from €27,665 to €41,946
- Gross operating margin -€8,767
down €8,767 (-5.9%), from €148,425 to €139,659
- Financial income +€2,828
up €2,828 (+146%), from €1,934 to €4,761
- Taxes -€1,997
down €1,997 (-4.9%), from €40,522 to €38,525
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 | €395,924 | €455,175 | +€59,251 | +15.0% |
| Fixed assets | 21/28 | €22,626 | €15,874 | -€6,752 | -29.8% |
| Tangible fixed assets | 22/27 | €22,626 | €15,874 | -€6,752 | -29.8% |
| Furniture and vehicles | 24 | €22,626 | €13,881 | -€8,745 | -38.6% |
| Other tangible fixed assets | 26 | - | €1,992 | +€1,992 | |
| Current assets | 29/58 | €373,298 | €439,302 | +€66,004 | +17.7% |
| Amounts receivable within one year | 40/41 | €20 | €20 | = | 0.0% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Current investments | 50/53 | €252,628 | €275,458 | +€22,830 | +9.0% |
| Cash at bank and in hand | 54/58 | €95,245 | €141,276 | +€46,031 | +48.3% |
| Deferred charges and accrued income | 490/1 | €25,405 | €22,547 | -€2,858 | -11.2% |
| Total equity and liabilities | 10/49 | €395,924 | €455,175 | +€59,251 | +15.0% |
| Equity | 10/15 | €354,598 | €287,831 | -€66,767 | -18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €342,198 | €275,431 | -€66,767 | -19.5% |
| Distributable reserves | 133 | €342,198 | €275,431 | -€66,767 | -19.5% |
| Amounts payable | 17/49 | €41,326 | €167,344 | +€126,018 | +305% |
| Amounts payable within one year | 42/48 | €41,326 | €166,589 | +€125,263 | +303% |
| Trade debts | 44 | €708 | €1,700 | +€991 | +140% |
| Suppliers | 440/4 | €708 | €1,700 | +€991 | +140% |
| Taxes, remuneration and social security | 45 | €27,665 | €41,946 | +€14,281 | +51.6% |
| Taxes | 450/3 | €27,665 | €41,946 | +€14,281 | +51.6% |
| Other amounts payable | 47/48 | €12,953 | €122,943 | +€109,990 | +849% |
| Accrued charges and deferred income | 492/3 | - | €755 | +€755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €10,722 | -€12 | -0.1% |
| Other operating charges | 640/8 | €507 | €573 | +€67 | +13.2% |
| Gross operating margin | 9900 | €148,425 | €139,659 | -€8,767 | -5.9% |
| Operating profit (loss) | 9901 | €137,185 | €128,364 | -€8,821 | -6.4% |
| Financial income | 75/76B | €1,934 | €4,761 | +€2,828 | +146% |
| Recurring financial income | 75 | €1,934 | €4,761 | +€2,828 | +146% |
| Financial charges | 65/66B | €1,080 | €1,021 | -€60 | -5.5% |
| Recurring financial charges | 65 | €1,080 | €1,021 | -€60 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €138,038 | €132,105 | -€5,934 | -4.3% |
| Income taxes | 67/77 | €40,522 | €38,525 | -€1,997 | -4.9% |
| Profit (loss) for the period | 9904 | €97,517 | €93,580 | -€3,937 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,517 | €93,580 | -€3,937 | -4.0% |
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 29 October 2026 via checked.be.