INFOMAR: 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.
INFOMAR
Largest movements
- Cash -€40,624
down €40,624 (-95.1%), from €42,709 to €2,085
mainly Contributions, distributions and other (-€67,019) and Investment in fixed assets (net) (-€46,977)
- Tangible fixed assets +€12,767
up €12,767 (+10.3%), from €124,272 to €137,039
of which Furniture and vehicles: +€14,040
- Receivables after one year +€8,396
new in 2025: €8,396
- Receivables within one year -€5,635
down €5,635 (-14.6%), from €38,564 to €32,929
of which Trade receivables: -€8,492
- Reserves -€72,464
down €72,464 (-51.1%), from €141,859 to €69,395
of which Distributable reserves: -€67,019
- Other debts +€29,183
new in 2025: €29,183
- Debts after one year +€18,302
up €18,302 (+57.1%), from €32,055 to €50,356
- Tax, wage and social debts -€10,384
down €10,384 (-99.9%), from €10,398 to €14
- Trade debts +€8,918
up €8,918 (+833%), from €1,070 to €9,989
- Gross operating margin -€21,061
down €21,061 (-42.6%), from €49,403 to €28,342
- Taxes -€6,828
down €6,828 (-95.7%), from €7,137 to €309
- Depreciation +€5,303
up €5,303 (+18.3%), from €28,908 to €34,210
- Financial charges +€1,742
up €1,742 (+101%), from €1,730 to €3,473
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 | €206,479 | €183,008 | -€23,471 | -11.4% |
| Fixed assets | 21/28 | €124,272 | €137,039 | +€12,767 | +10.3% |
| Tangible fixed assets | 22/27 | €124,272 | €137,039 | +€12,767 | +10.3% |
| Plant, machinery and equipment | 23 | €6,432 | €5,159 | -€1,273 | -19.8% |
| Furniture and vehicles | 24 | €117,840 | €131,880 | +€14,040 | +11.9% |
| Current assets | 29/58 | €82,207 | €45,969 | -€36,238 | -44.1% |
| Amounts receivable after more than one year | 29 | - | €8,396 | +€8,396 | |
| Other amounts receivable | 291 | - | €8,396 | +€8,396 | |
| Amounts receivable within one year | 40/41 | €38,564 | €32,929 | -€5,635 | -14.6% |
| Trade receivables | 40 | €32,733 | €24,241 | -€8,492 | -25.9% |
| Other amounts receivable | 41 | €5,831 | €8,688 | +€2,857 | +49.0% |
| Cash at bank and in hand | 54/58 | €42,709 | €2,085 | -€40,624 | -95.1% |
| Deferred charges and accrued income | 490/1 | €933 | €2,559 | +€1,626 | +174% |
| Total equity and liabilities | 10/49 | €206,479 | €183,008 | -€23,471 | -11.4% |
| Equity | 10/15 | €148,064 | €72,434 | -€75,630 | -51.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €141,859 | €69,395 | -€72,464 | -51.1% |
| Tax-exempt reserves | 132 | €23,270 | €17,825 | -€5,445 | -23.4% |
| Distributable reserves | 133 | €118,589 | €51,569 | -€67,019 | -56.5% |
| Profit (loss) carried forward | 14 | - | -€3,167 | -€3,167 | |
| Provisions and deferred taxes | 16 | €5,818 | €4,456 | -€1,361 | -23.4% |
| Deferred taxes | 168 | €5,818 | €4,456 | -€1,361 | -23.4% |
| Amounts payable | 17/49 | €52,597 | €106,118 | +€53,521 | +102% |
| Amounts payable after more than one year | 17 | €32,055 | €50,356 | +€18,302 | +57.1% |
| Financial debts | 170/4 | €32,055 | €50,356 | +€18,302 | +57.1% |
| Amounts payable within one year | 42/48 | €20,524 | €55,679 | +€35,155 | +171% |
| Current portion of amounts payable after more than one year | 42 | €9,056 | €16,494 | +€7,438 | +82.1% |
| Trade debts | 44 | €1,070 | €9,989 | +€8,918 | +833% |
| Suppliers | 440/4 | €1,070 | €9,989 | +€8,918 | +833% |
| Taxes, remuneration and social security | 45 | €10,398 | €14 | -€10,384 | -99.9% |
| Taxes | 450/3 | €10,398 | €14 | -€10,384 | -99.9% |
| Other amounts payable | 47/48 | - | €29,183 | +€29,183 | |
| Accrued charges and deferred income | 492/3 | €19 | €83 | +€64 | +340% |
| Non-recurring operating income | 76A | €15,951 | - | -€15,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,908 | €34,210 | +€5,303 | +18.3% |
| Other operating charges | 640/8 | €870 | €766 | -€104 | -11.9% |
| Gross operating margin | 9900 | €49,403 | €28,342 | -€21,061 | -42.6% |
| Operating profit (loss) | 9901 | €19,626 | -€6,634 | -€26,260 | |
| Financial income | 75/76B | €197 | €444 | +€247 | +126% |
| Recurring financial income | 75 | €197 | €444 | +€247 | +126% |
| Financial charges | 65/66B | €1,730 | €3,473 | +€1,742 | +101% |
| Recurring financial charges | 65 | €1,730 | €3,473 | +€1,742 | +101% |
| Profit (loss) for the period before taxes | 9903 | €18,092 | -€9,663 | -€27,756 | |
| Transfer from deferred taxes | 780 | €1,361 | €1,361 | = | 0.0% |
| Income taxes | 67/77 | €7,137 | €309 | -€6,828 | -95.7% |
| Profit (loss) for the period | 9904 | €12,317 | -€8,611 | -€20,928 | |
| Transfer from tax-exempt reserves | 789 | €5,445 | €5,445 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,762 | -€3,167 | -€20,928 |
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 14 October 2026 via checked.be.