INFO GLOBAL: 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 GLOBAL
Largest movements
- Receivables within one year -€576,427
down €576,427 (-19.6%), from €2.9m to €2.4m
of which Trade receivables: -€655,131
- Receivables after one year -€413,091
down €413,091 (-43.9%), from €940,777 to €527,686
- Cash -€128,059
down €128,059 (-74.2%), from €172,596 to €44,537
mainly Trade debts (-€602,497) and Debts after one year (-€307,647)
- Tangible fixed assets -€76,530
down €76,530 (-7.3%), from €1.0m to €966,779
of which Plant, machinery and equipment: -€39,512
- Trade debts -€602,497
down €602,497 (-57.3%), from €1.1m to €448,154
of which Bills of exchange payable: -€876,515
- Debts after one year -€307,647
down €307,647 (-22.4%), from €1.4m to €1.1m
- Advances received -€293,400
down €293,400 (-91.3%), from €321,497 to €28,097
- Other debts -€56,205
down €56,205 (-19.1%), from €294,464 to €238,259
- Staff costs +€149,348
up €149,348 (+26.7%), from €558,748 to €708,095
- Taxes -€121,415
down €121,415 (-84.6%), from €143,433 to €22,018
- Financial charges -€69,462
down €69,462 (-47.4%), from €146,398 to €76,936
- Gross operating margin -€28,631
down €28,631 (-3.0%), from €960,741 to €932,109
- Financial income +€16,749
up €16,749 (+2,326%), from €720 to €17,469
of which Non-recurring financial income: +€15,327
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 | €5,618,867 | €4,424,760 | -€1.2m | -21.3% |
| Fixed assets | 21/28 | €1,043,310 | €966,779 | -€76,530 | -7.3% |
| Tangible fixed assets | 22/27 | €1,043,310 | €966,779 | -€76,530 | -7.3% |
| Land and buildings | 22 | €866,486 | €829,468 | -€37,018 | -4.3% |
| Plant, machinery and equipment | 23 | €176,823 | €137,311 | -€39,512 | -22.3% |
| Current assets | 29/58 | €4,575,558 | €3,457,981 | -€1.1m | -24.4% |
| Amounts receivable after more than one year | 29 | €940,777 | €527,686 | -€413,091 | -43.9% |
| Trade receivables | 290 | €940,777 | €527,686 | -€413,091 | -43.9% |
| Stocks and contracts in progress | 3 | €527,673 | €527,673 | = | 0.0% |
| Stocks | 30/36 | €527,673 | €527,673 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,934,512 | €2,358,085 | -€576,427 | -19.6% |
| Trade receivables | 40 | €2,934,162 | €2,279,031 | -€655,131 | -22.3% |
| Other amounts receivable | 41 | €350 | €79,054 | +€78,704 | +22,487% |
| Cash at bank and in hand | 54/58 | €172,596 | €44,537 | -€128,059 | -74.2% |
| Total equity and liabilities | 10/49 | €5,618,867 | €4,424,760 | -€1.2m | -21.3% |
| Equity | 10/15 | €1,759,443 | €1,806,479 | +€47,036 | +2.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,738,543 | €1,785,579 | +€47,036 | +2.7% |
| Amounts payable | 17/49 | €3,859,424 | €2,618,281 | -€1.2m | -32.2% |
| Amounts payable after more than one year | 17 | €1,370,425 | €1,062,778 | -€307,647 | -22.4% |
| Financial debts | 170/4 | €1,370,425 | €1,062,778 | -€307,647 | -22.4% |
| Amounts payable within one year | 42/48 | €2,488,999 | €1,549,915 | -€939,084 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €389,726 | €390,981 | +€1,255 | +0.3% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €1,050,651 | €448,154 | -€602,497 | -57.3% |
| Suppliers | 440/4 | €174,136 | €448,154 | +€274,018 | +157% |
| Bills of exchange payable | 441 | €876,515 | - | -€876,515 | |
| Advances received on contracts in progress | 46 | €321,497 | €28,097 | -€293,400 | -91.3% |
| Taxes, remuneration and social security | 45 | €132,661 | €144,424 | +€11,763 | +8.9% |
| Taxes | 450/3 | €89,473 | €71,944 | -€17,529 | -19.6% |
| Remuneration and social security | 454/9 | €43,188 | €72,480 | +€29,291 | +67.8% |
| Other amounts payable | 47/48 | €294,464 | €238,259 | -€56,205 | -19.1% |
| Accrued charges and deferred income | 492/3 | - | €5,588 | +€5,588 | |
| Remuneration, social security and pensions | 62 | €558,748 | €708,095 | +€149,348 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,330 | €76,530 | -€2,800 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,198 | €2,000 | +€802 | +66.9% |
| Other operating charges | 640/8 | €17,546 | €16,962 | -€584 | -3.3% |
| Gross operating margin | 9900 | €960,741 | €932,109 | -€28,631 | -3.0% |
| Operating profit (loss) | 9901 | €303,919 | €128,521 | -€175,397 | -57.7% |
| Financial income | 75/76B | €720 | €17,469 | +€16,749 | +2,326% |
| Recurring financial income | 75 | €720 | €2,142 | +€1,422 | +197% |
| Non-recurring financial income | 76B | - | €15,327 | +€15,327 | |
| Financial charges | 65/66B | €146,398 | €76,936 | -€69,462 | -47.4% |
| Recurring financial charges | 65 | €146,398 | €76,936 | -€69,462 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €158,241 | €69,054 | -€89,187 | -56.4% |
| Income taxes | 67/77 | €143,433 | €22,018 | -€121,415 | -84.6% |
| Profit (loss) for the period | 9904 | €14,808 | €47,036 | +€32,228 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €14,808 | €47,036 | +€32,228 | +218% |
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 25 October 2026 via checked.be.