INFOCOM BELGIQUE: 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.
INFOCOM BELGIQUE
Largest movements
- Cash +€324,794
up €324,794 (+74.9%), from €433,424 to €758,217
mainly Net result for the year (+€137,657) and Depreciation (+€136,513)
- Receivables within one year -€116,460
down €116,460 (-47.6%), from €244,672 to €128,212
of which Trade receivables: -€123,285
- Deferred charges and accrued income -€50,511
down €50,511 (-14.2%), from €356,255 to €305,744
- Tangible fixed assets -€45,619
down €45,619 (-10.2%), from €445,355 to €399,736
- Accrued charges and deferred income -€179,325
down €179,325 (-20.1%), from €893,456 to €714,131
- Reserves +€137,657
up €137,657 (+10.5%), from €1.3m to €1.5m
of which Distributable reserves: +€137,657
- Debts after one year +€82,578
up €82,578 (+148%), from €55,977 to €138,555
- Current portion of long-term debt +€44,423
up €44,423 (+180%), from €24,617 to €69,040
- Gross operating margin +€166,345
up €166,345 (+104%), from €159,942 to €326,287
- Taxes +€43,119
up €43,119 (+1,221%), from €3,530 to €46,649
- Depreciation +€26,540
up €26,540 (+24.1%), from €109,973 to €136,513
- Financial income -€12,128
down €12,128 (-21.0%), from €57,652 to €45,524
- Staff costs -€4,480
down €4,480 (-49.7%), from €9,011 to €4,531
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 | €2,353,723 | €2,457,020 | +€103,298 | +4.4% |
| Fixed assets | 21/28 | €445,480 | €399,861 | -€45,619 | -10.2% |
| Tangible fixed assets | 22/27 | €445,355 | €399,736 | -€45,619 | -10.2% |
| Furniture and vehicles | 24 | €445,355 | €399,736 | -€45,619 | -10.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,908,242 | €2,057,159 | +€148,917 | +7.8% |
| Amounts receivable after more than one year | 29 | €873,892 | €864,986 | -€8,906 | -1.0% |
| Other amounts receivable | 291 | €873,892 | €864,986 | -€8,906 | -1.0% |
| Amounts receivable within one year | 40/41 | €244,672 | €128,212 | -€116,460 | -47.6% |
| Trade receivables | 40 | €234,646 | €111,361 | -€123,285 | -52.5% |
| Other amounts receivable | 41 | €10,026 | €16,851 | +€6,825 | +68.1% |
| Cash at bank and in hand | 54/58 | €433,424 | €758,217 | +€324,794 | +74.9% |
| Deferred charges and accrued income | 490/1 | €356,255 | €305,744 | -€50,511 | -14.2% |
| Total equity and liabilities | 10/49 | €2,353,723 | €2,457,020 | +€103,298 | +4.4% |
| Equity | 10/15 | €1,333,799 | €1,471,457 | +€137,657 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,315,199 | €1,452,857 | +€137,657 | +10.5% |
| 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 | €1,313,339 | €1,450,997 | +€137,657 | +10.5% |
| Amounts payable | 17/49 | €1,019,923 | €985,564 | -€34,360 | -3.4% |
| Amounts payable after more than one year | 17 | €55,977 | €138,555 | +€82,578 | +148% |
| Financial debts | 170/4 | €55,977 | €138,555 | +€82,578 | +148% |
| Amounts payable within one year | 42/48 | €70,490 | €132,877 | +€62,387 | +88.5% |
| Current portion of amounts payable after more than one year | 42 | €24,617 | €69,040 | +€44,423 | +180% |
| Trade debts | 44 | €45,828 | €57,158 | +€11,330 | +24.7% |
| Suppliers | 440/4 | €45,828 | €57,158 | +€11,330 | +24.7% |
| Taxes, remuneration and social security | 45 | €45 | €6,679 | +€6,634 | +14,714% |
| Taxes | 450/3 | - | €6,679 | +€6,679 | |
| Remuneration and social security | 454/9 | €45 | - | -€45 | |
| Accrued charges and deferred income | 492/3 | €893,456 | €714,131 | -€179,325 | -20.1% |
| Non-recurring operating income | 76A | €150 | - | -€150 | |
| Remuneration, social security and pensions | 62 | €9,011 | €4,531 | -€4,480 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,973 | €136,513 | +€26,540 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,001 | -€19,776 | -€2,774 | -16.3% |
| Other operating charges | 640/8 | €8,239 | €9,732 | +€1,492 | +18.1% |
| Non-recurring operating charges | 66A | €31,285 | €48,230 | +€16,945 | +54.2% |
| Gross operating margin | 9900 | €159,942 | €326,287 | +€166,345 | +104% |
| Operating profit (loss) | 9901 | €18,435 | €147,057 | +€128,622 | +698% |
| Financial income | 75/76B | €57,652 | €45,524 | -€12,128 | -21.0% |
| Recurring financial income | 75 | €57,652 | €45,524 | -€12,128 | -21.0% |
| Financial charges | 65/66B | €5,304 | €8,274 | +€2,970 | +56.0% |
| Recurring financial charges | 65 | €5,304 | €8,274 | +€2,970 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €70,783 | €184,306 | +€113,524 | +160% |
| Income taxes | 67/77 | €3,530 | €46,649 | +€43,119 | +1,221% |
| Profit (loss) for the period | 9904 | €67,252 | €137,657 | +€70,405 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €67,252 | €137,657 | +€70,405 | +105% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.