INFO-B: 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.
INFO-B
Largest movements
- Cash -€165,572
down €165,572 (-89.1%), from €185,896 to €20,324
mainly Investment in fixed assets (net) (-€128,417) and Net result for the year (-€122,799)
- Financial fixed assets +€121,908
up €121,908 (+10.8%), from €1.1m to €1.3m
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Current investments +€70,430
up €70,430 (+10.7%), from €659,517 to €729,947
- Tangible fixed assets -€52,480
down €52,480 (-5.1%), from €1.0m to €984,367
of which Land and buildings: -€36,644
- Reserves -€152,145
down €152,145 (-20.9%), from €728,347 to €576,203
of which Distributable reserves: -€152,145
- Short-term financial debts +€142,965
new in 2025: €142,965
- Debts after one year -€86,886
down €86,886 (-62.4%), from €139,196 to €52,310
- Gross operating margin +€15,928
up €15,928 (+93.9%), from €16,957 to €32,885
- Financial income +€15,886
up €15,886 (+32.4%), from €48,965 to €64,851
of which Non-recurring financial income: +€36,817
- Financial charges +€14,819
up €14,819 (+11.0%), from €135,037 to €149,856
- Taxes -€6,953
down €6,953 (-91.1%), from €7,633 to €680
- Other operating charges +€3,681
up €3,681 (+50.2%), from €7,329 to €11,010
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 | €3,235,887 | €3,095,400 | -€140,487 | -4.3% |
| Fixed assets | 21/28 | €2,165,464 | €2,234,891 | +€69,428 | +3.2% |
| Tangible fixed assets | 22/27 | €1,036,847 | €984,367 | -€52,480 | -5.1% |
| Land and buildings | 22 | €841,162 | €804,518 | -€36,644 | -4.4% |
| Plant, machinery and equipment | 23 | €191,825 | €178,933 | -€12,892 | -6.7% |
| Furniture and vehicles | 24 | €3,860 | €916 | -€2,943 | -76.3% |
| Financial fixed assets | 28 | €1,128,617 | €1,250,524 | +€121,908 | +10.8% |
| Current assets | 29/58 | €1,070,423 | €860,508 | -€209,915 | -19.6% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €18,429 | €6,698 | -€11,731 | -63.7% |
| Trade receivables | 40 | €12,690 | €2,151 | -€10,539 | -83.1% |
| Other amounts receivable | 41 | €5,739 | €4,548 | -€1,191 | -20.8% |
| Current investments | 50/53 | €659,517 | €729,947 | +€70,430 | +10.7% |
| Cash at bank and in hand | 54/58 | €185,896 | €20,324 | -€165,572 | -89.1% |
| Deferred charges and accrued income | 490/1 | €6,581 | €3,539 | -€3,042 | -46.2% |
| Total equity and liabilities | 10/49 | €3,235,887 | €3,095,400 | -€140,487 | -4.3% |
| Equity | 10/15 | €746,897 | €594,753 | -€152,145 | -20.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €728,347 | €576,203 | -€152,145 | -20.9% |
| Tax-exempt reserves | 132 | €272 | €272 | = | 0.0% |
| Distributable reserves | 133 | €728,075 | €575,931 | -€152,145 | -20.9% |
| Provisions and deferred taxes | 16 | €2,206,280 | €2,202,712 | -€3,568 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €2,206,280 | €2,202,712 | -€3,568 | -0.2% |
| Other liabilities and charges | 164/5 | €2,206,280 | €2,202,712 | -€3,568 | -0.2% |
| Amounts payable | 17/49 | €282,710 | €297,935 | +€15,225 | +5.4% |
| Amounts payable after more than one year | 17 | €139,196 | €52,310 | -€86,886 | -62.4% |
| Financial debts | 170/4 | €139,196 | €52,310 | -€86,886 | -62.4% |
| Amounts payable within one year | 42/48 | €122,340 | €238,304 | +€115,964 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | €99,097 | €86,886 | -€12,211 | -12.3% |
| Financial debts | 43 | - | €142,965 | +€142,965 | |
| Credit institutions | 430/8 | - | €142,965 | +€142,965 | |
| Trade debts | 44 | €22,593 | €441 | -€22,152 | -98.0% |
| Suppliers | 440/4 | €22,593 | €441 | -€22,152 | -98.0% |
| Taxes, remuneration and social security | 45 | €650 | €3,684 | +€3,034 | +466.9% |
| Taxes | 450/3 | €650 | €3,684 | +€3,034 | +466.9% |
| Other amounts payable | 47/48 | €0 | €4,327 | +€4,327 | |
| Accrued charges and deferred income | 492/3 | €21,174 | €7,322 | -€13,853 | -65.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,110 | €58,989 | -€2,121 | -3.5% |
| Other operating charges | 640/8 | €7,329 | €11,010 | +€3,681 | +50.2% |
| Gross operating margin | 9900 | €16,957 | €32,885 | +€15,928 | +93.9% |
| Operating profit (loss) | 9901 | -€51,482 | -€37,114 | +€14,368 | +27.9% |
| Financial income | 75/76B | €48,965 | €64,851 | +€15,886 | +32.4% |
| Recurring financial income | 75 | €48,965 | €28,035 | -€20,930 | -42.7% |
| Non-recurring financial income | 76B | - | €36,817 | +€36,817 | |
| Financial charges | 65/66B | €135,037 | €149,856 | +€14,819 | +11.0% |
| Recurring financial charges | 65 | €135,037 | €149,856 | +€14,819 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€137,554 | -€122,119 | +€15,435 | +11.2% |
| Income taxes | 67/77 | €7,633 | €680 | -€6,953 | -91.1% |
| Profit (loss) for the period | 9904 | -€145,187 | -€122,799 | +€22,388 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,187 | -€122,799 | +€22,388 | +15.4% |
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 10 October 2026 via checked.be.