INFIX: 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.
What changed
INFIX
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€184,218
2023 · €113,796+€70,422
Equity
€582,724
2023 · €441,006+€141,718
Cash
€49
2023 · -+€49
Balance sheet total
€777,391
2023 · €617,263+€160,128
Largest movements
Assets
- Receivables within one year +€157,812
up €157,812 (+87.7%), from €179,877 to €337,688
Equity and liabilities
- Reserves +€140,000
up €140,000 (+36.7%), from €381,860 to €521,860
of which Distributable reserves: +€140,000
- Tax, wage and social debts +€13,516
up €13,516 (+10.2%), from €132,493 to €146,009
of which Taxes: +€14,016
Income statement
- Gross operating margin +€90,144
up €90,144 (+57.2%), from €157,552 to €247,696
- Taxes +€19,620
up €19,620 (+36.8%), from €53,351 to €72,971
From the 2023 result to the 2024 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 2023
€113,796
Gross operating margin
+€90,144
Staff costs
-€128
Depreciation
-€109
Other operating charges
+€125
Financial income
+€80
Financial charges
-€69
Taxes
-€19,620
Result 2024
€184,218
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€46,352
Investment
-€1,200
Financing
-€45,103
Cash 2023
€0
From operations (derived)
+€46,352
Net result for the year
+€184,218
Depreciation
+€109
Receivables within one year
-€157,812
Deferred charges and accrued income
-€1,176
Smaller working-capital items
-€3
Tax, wage and social debts
+€13,516
Other debts
+€7,500
Investment (derived)
-€1,200
Investment in fixed assets (net)
-€1,200
Financing
-€45,103
Short-term financial debts
-€2,603
Contributions, distributions and other
-€42,500
Cash 2024
€49
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,263 | €777,391 | +€160,128 | +25.9% |
| Fixed assets | 21/28 | €71 | €1,162 | +€1,091 | +1532.7% |
| Tangible fixed assets | 22/27 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | - | €1,091 | +€1,091 | |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €617,192 | €776,229 | +€159,037 | +25.8% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €179,877 | €337,688 | +€157,812 | +87.7% |
| Other amounts receivable | 41 | €179,877 | €337,688 | +€157,812 | +87.7% |
| Cash at bank and in hand | 54/58 | - | €49 | +€49 | |
| Deferred charges and accrued income | 490/1 | €37,315 | €38,491 | +€1,176 | +3.2% |
| Total equity and liabilities | 10/49 | €617,263 | €777,391 | +€160,128 | +25.9% |
| Equity | 10/15 | €441,006 | €582,724 | +€141,718 | +32.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €381,860 | €521,860 | +€140,000 | +36.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €380,000 | €520,000 | +€140,000 | +36.8% |
| Profit (loss) carried forward | 14 | €52,946 | €54,664 | +€1,718 | +3.2% |
| Amounts payable | 17/49 | €176,257 | €194,667 | +€18,410 | +10.4% |
| Amounts payable within one year | 42/48 | €174,706 | €193,175 | +€18,469 | +10.6% |
| Financial debts | 43 | €2,603 | - | -€2,603 | |
| Credit institutions | 430/8 | €2,603 | - | -€2,603 | |
| Trade debts | 44 | €4,610 | €4,666 | +€56 | +1.2% |
| Suppliers | 440/4 | €4,610 | €4,666 | +€56 | +1.2% |
| Taxes, remuneration and social security | 45 | €132,493 | €146,009 | +€13,516 | +10.2% |
| Taxes | 450/3 | €131,993 | €146,009 | +€14,016 | +10.6% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €35,000 | €42,500 | +€7,500 | +21.4% |
| Accrued charges and deferred income | 492/3 | €1,551 | €1,492 | -€59 | -3.8% |
| Remuneration, social security and pensions | 62 | €83 | €211 | +€128 | +154.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €109 | +€109 | |
| Other operating charges | 640/8 | €1,359 | €1,234 | -€125 | -9.2% |
| Gross operating margin | 9900 | €157,552 | €247,696 | +€90,144 | +57.2% |
| Operating profit (loss) | 9901 | €156,110 | €246,141 | +€90,031 | +57.7% |
| Financial income | 75/76B | €11,440 | €11,520 | +€80 | +0.7% |
| Recurring financial income | 75 | €11,440 | €11,520 | +€80 | +0.7% |
| Financial charges | 65/66B | €403 | €473 | +€69 | +17.2% |
| Recurring financial charges | 65 | €403 | €473 | +€69 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €167,147 | €257,189 | +€90,042 | +53.9% |
| Income taxes | 67/77 | €53,351 | €72,971 | +€19,620 | +36.8% |
| Profit (loss) for the period | 9904 | €113,796 | €184,218 | +€70,422 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,796 | €184,218 | +€70,422 | +61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.