INFISTEL: 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.
INFISTEL
Largest movements
- Receivables within one year +€10,442
up €10,442 (+13.8%), from €75,737 to €86,179
of which Other amounts receivable: +€10,879
- Tangible fixed assets -€2,451
down €2,451 (-53.2%), from €4,606 to €2,155
- Cash -€1,110
down €1,110 (-25.7%), from €4,315 to €3,204
mainly Current portion of long-term debt (-€14,000) and Receivables within one year (-€10,442)
- Profit (loss) carried forward +€14,708
up €14,708 (+24.9%), from €59,151 to €73,858
- Current portion of long-term debt -€14,000
no longer reported in 2025 (was €14,000)
- Tax, wage and social debts +€6,861
up €6,861 (+70.6%), from €9,721 to €16,582
- Trade debts -€1,157
down €1,157 (-42.0%), from €2,752 to €1,596
- Gross operating margin -€10,720
down €10,720 (-32.9%), from €32,562 to €21,842
- Taxes -€2,859
down €2,859 (-29.4%), from €9,721 to €6,861
- Financial income +€696
up €696 (+18.3%), from €3,801 to €4,497
- Other operating charges -€589
down €589 (-23.6%), from €2,499 to €1,910
- Depreciation +€435
up €435 (+21.6%), from €2,016 to €2,451
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 | €89,624 | €96,036 | +€6,412 | +7.2% |
| Fixed assets | 21/28 | €4,606 | €2,155 | -€2,451 | -53.2% |
| Tangible fixed assets | 22/27 | €4,606 | €2,155 | -€2,451 | -53.2% |
| Furniture and vehicles | 24 | €4,606 | €2,155 | -€2,451 | -53.2% |
| Current assets | 29/58 | €85,017 | €93,881 | +€8,863 | +10.4% |
| Amounts receivable within one year | 40/41 | €75,737 | €86,179 | +€10,442 | +13.8% |
| Trade receivables | 40 | €437 | - | -€437 | |
| Other amounts receivable | 41 | €75,300 | €86,179 | +€10,879 | +14.4% |
| Cash at bank and in hand | 54/58 | €4,315 | €3,204 | -€1,110 | -25.7% |
| Deferred charges and accrued income | 490/1 | €4,966 | €4,497 | -€468 | -9.4% |
| Total equity and liabilities | 10/49 | €89,624 | €96,036 | +€6,412 | +7.2% |
| Equity | 10/15 | €63,151 | €77,858 | +€14,708 | +23.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,151 | €73,858 | +€14,708 | +24.9% |
| Amounts payable | 17/49 | €26,473 | €18,177 | -€8,296 | -31.3% |
| Amounts payable within one year | 42/48 | €26,473 | €18,177 | -€8,296 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | - | -€14,000 | |
| Trade debts | 44 | €2,752 | €1,596 | -€1,157 | -42.0% |
| Suppliers | 440/4 | €2,752 | €1,596 | -€1,157 | -42.0% |
| Taxes, remuneration and social security | 45 | €9,721 | €16,582 | +€6,861 | +70.6% |
| Taxes | 450/3 | €9,721 | €16,582 | +€6,861 | +70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,016 | €2,451 | +€435 | +21.6% |
| Other operating charges | 640/8 | €2,499 | €1,910 | -€589 | -23.6% |
| Gross operating margin | 9900 | €32,562 | €21,842 | -€10,720 | -32.9% |
| Operating profit (loss) | 9901 | €28,047 | €17,480 | -€10,567 | -37.7% |
| Financial income | 75/76B | €3,801 | €4,497 | +€696 | +18.3% |
| Recurring financial income | 75 | €3,801 | €4,497 | +€696 | +18.3% |
| Financial charges | 65/66B | €125 | €408 | +€283 | +226.6% |
| Recurring financial charges | 65 | €125 | €408 | +€283 | +226.6% |
| Profit (loss) for the period before taxes | 9903 | €31,723 | €21,569 | -€10,154 | -32.0% |
| Income taxes | 67/77 | €9,721 | €6,861 | -€2,859 | -29.4% |
| Profit (loss) for the period | 9904 | €22,003 | €14,708 | -€7,295 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,003 | €14,708 | -€7,295 | -33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.