INFISOPEL: 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.
INFISOPEL
Largest movements
- Intangible fixed assets -€14,582
down €14,582 (-80.0%), from €18,227 to €3,645
- Tangible fixed assets -€3,661
down €3,661 (-39.7%), from €9,231 to €5,570
- Receivables within one year -€3,009
down €3,009 (-61.7%), from €4,877 to €1,868
- Cash -€2,775
down €2,775 (-38.3%), from €7,253 to €4,478
mainly Net result for the year (-€12,529) and Other debts (-€8,041)
- Deferred charges and accrued income +€533
up €533 (+6.6%), from €8,073 to €8,606
- Profit (loss) carried forward -€11,669
down €11,669 (-29.9%), from -€39,041 to -€50,709
- Other debts -€8,041
down €8,041 (-30.7%), from €26,196 to €18,154
- Current portion of long-term debt -€3,431
no longer reported in 2025 (was €3,431)
- Reserves -€860
down €860 (-2.0%), from €43,954 to €43,093
- Gross operating margin -€5,997
down €5,997 (-43.3%), from €13,864 to €7,866
- Financial charges +€1,102
up €1,102 (+232%), from €474 to €1,576
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 | €47,661 | €24,167 | -€23,494 | -49.3% |
| Fixed assets | 21/28 | €27,459 | €9,216 | -€18,243 | -66.4% |
| Intangible fixed assets | 21 | €18,227 | €3,645 | -€14,582 | -80.0% |
| Tangible fixed assets | 22/27 | €9,231 | €5,570 | -€3,661 | -39.7% |
| Furniture and vehicles | 24 | €9,231 | €5,570 | -€3,661 | -39.7% |
| Current assets | 29/58 | €20,203 | €14,952 | -€5,251 | -26.0% |
| Amounts receivable within one year | 40/41 | €4,877 | €1,868 | -€3,009 | -61.7% |
| Other amounts receivable | 41 | €4,877 | €1,868 | -€3,009 | -61.7% |
| Cash at bank and in hand | 54/58 | €7,253 | €4,478 | -€2,775 | -38.3% |
| Deferred charges and accrued income | 490/1 | €8,073 | €8,606 | +€533 | +6.6% |
| Total equity and liabilities | 10/49 | €47,661 | €24,167 | -€23,494 | -49.3% |
| Equity | 10/15 | €17,313 | €4,784 | -€12,529 | -72.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,954 | €43,093 | -€860 | -2.0% |
| Distributable reserves | 133 | €43,954 | €43,093 | -€860 | -2.0% |
| Profit (loss) carried forward | 14 | -€39,041 | -€50,709 | -€11,669 | -29.9% |
| Amounts payable | 17/49 | €30,348 | €19,383 | -€10,965 | -36.1% |
| Amounts payable within one year | 42/48 | €30,348 | €19,383 | -€10,965 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €3,431 | - | -€3,431 | |
| Trade debts | 44 | €582 | €672 | +€90 | +15.4% |
| Suppliers | 440/4 | €582 | €672 | +€90 | +15.4% |
| Taxes, remuneration and social security | 45 | €140 | €558 | +€418 | +300% |
| Taxes | 450/3 | €140 | €558 | +€418 | +300% |
| Other amounts payable | 47/48 | €26,196 | €18,154 | -€8,041 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,378 | €18,243 | -€136 | -0.7% |
| Other operating charges | 640/8 | €684 | €643 | -€41 | -6.0% |
| Gross operating margin | 9900 | €13,864 | €7,866 | -€5,997 | -43.3% |
| Operating profit (loss) | 9901 | -€5,199 | -€11,020 | -€5,821 | -112% |
| Financial income | 75/76B | €206 | €199 | -€7 | -3.4% |
| Recurring financial income | 75 | €206 | €199 | -€7 | -3.4% |
| Financial charges | 65/66B | €474 | €1,576 | +€1,102 | +232% |
| Recurring financial charges | 65 | €474 | €1,576 | +€1,102 | +232% |
| Profit (loss) for the period before taxes | 9903 | -€5,468 | -€12,397 | -€6,929 | -127% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | -€5,607 | -€12,529 | -€6,922 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,607 | -€12,529 | -€6,922 | -123% |
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 15 October 2026 via checked.be.