Infood: 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.
Infood
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+17.3%), from €864,625 to €1.0m
- Intangible fixed assets -€40,180
down €40,180 (-24.5%), from €164,065 to €123,886
- Cash -€24,012
down €24,012 (-21.3%), from €112,630 to €88,618
mainly Investment in fixed assets (net) (-€179,597) and Debts after one year (-€100,880)
- Reserves +€136,544
up €136,544 (+36.2%), from €376,753 to €513,297
of which Distributable reserves: +€136,544
- Debts after one year -€100,880
down €100,880 (-17.7%), from €570,765 to €469,885
- Other debts +€86,647
up €86,647 (+125.8%), from €68,887 to €155,535
- Contributions -€65,000
down €65,000 (-65.0%), from €100,000 to €35,000
- Tax, wage and social debts +€23,917
up €23,917 (+51.2%), from €46,749 to €70,666
of which Taxes: +€23,917
- Gross operating margin +€33,154
up €33,154 (+12.3%), from €269,115 to €302,269
- Financial charges +€20,013
up €20,013 (+213.7%), from €9,365 to €29,378
- Other operating charges -€5,597
down €5,597 (-60.4%), from €9,270 to €3,672
- Staff costs -€5,281
down €5,281 (-75.7%), from €6,974 to €1,693
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 | €1,283,634 | €1,367,333 | +€83,700 | +6.5% |
| Fixed assets | 21/28 | €1,158,626 | €1,270,336 | +€111,710 | +9.6% |
| Intangible fixed assets | 21 | €164,065 | €123,886 | -€40,180 | -24.5% |
| Tangible fixed assets | 22/27 | €129,936 | €131,825 | +€1,889 | +1.5% |
| Plant, machinery and equipment | 23 | €68,182 | €57,917 | -€10,266 | -15.1% |
| Furniture and vehicles | 24 | €61,754 | €73,909 | +€12,155 | +19.7% |
| Financial fixed assets | 28 | €864,625 | €1,014,625 | +€150,000 | +17.3% |
| Current assets | 29/58 | €125,007 | €96,997 | -€28,010 | -22.4% |
| Stocks and contracts in progress | 3 | €6,331 | €4,960 | -€1,371 | -21.7% |
| Stocks | 30/36 | €6,331 | €4,960 | -€1,371 | -21.7% |
| Amounts receivable within one year | 40/41 | €3,808 | €2,976 | -€832 | -21.9% |
| Other amounts receivable | 41 | €3,808 | €2,976 | -€832 | -21.9% |
| Cash at bank and in hand | 54/58 | €112,630 | €88,618 | -€24,012 | -21.3% |
| Deferred charges and accrued income | 490/1 | €2,239 | €444 | -€1,795 | -80.2% |
| Total equity and liabilities | 10/49 | €1,283,634 | €1,367,333 | +€83,700 | +6.5% |
| Equity | 10/15 | €476,753 | €548,297 | +€71,544 | +15.0% |
| Contributions | 10/11 | €100,000 | €35,000 | -€65,000 | -65.0% |
| Reserves | 13 | €376,753 | €513,297 | +€136,544 | +36.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €366,753 | €503,297 | +€136,544 | +37.2% |
| Amounts payable | 17/49 | €806,881 | €819,036 | +€12,156 | +1.5% |
| Amounts payable after more than one year | 17 | €570,765 | €469,885 | -€100,880 | -17.7% |
| Financial debts | 170/4 | €570,765 | €469,885 | -€100,880 | -17.7% |
| Amounts payable within one year | 42/48 | €236,116 | €349,152 | +€113,036 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €97,467 | €100,880 | +€3,412 | +3.5% |
| Trade debts | 44 | €23,013 | €22,071 | -€942 | -4.1% |
| Suppliers | 440/4 | €23,013 | €22,071 | -€942 | -4.1% |
| Taxes, remuneration and social security | 45 | €46,749 | €70,666 | +€23,917 | +51.2% |
| Taxes | 450/3 | €40,949 | €64,866 | +€23,917 | +58.4% |
| Remuneration and social security | 454/9 | €5,800 | €5,800 | = | 0.0% |
| Other amounts payable | 47/48 | €68,887 | €155,535 | +€86,647 | +125.8% |
| Remuneration, social security and pensions | 62 | €6,974 | €1,693 | -€5,281 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,934 | €67,888 | +€1,954 | +3.0% |
| Other operating charges | 640/8 | €9,270 | €3,672 | -€5,597 | -60.4% |
| Non-recurring operating charges | 66A | €119 | - | -€119 | |
| Gross operating margin | 9900 | €269,115 | €302,269 | +€33,154 | +12.3% |
| Operating profit (loss) | 9901 | €186,818 | €229,016 | +€42,198 | +22.6% |
| Financial charges | 65/66B | €9,365 | €29,378 | +€20,013 | +213.7% |
| Recurring financial charges | 65 | €9,365 | €29,378 | +€20,013 | +213.7% |
| Profit (loss) for the period before taxes | 9903 | €177,454 | €199,638 | +€22,185 | +12.5% |
| Income taxes | 67/77 | €62,717 | €63,095 | +€378 | +0.6% |
| Profit (loss) for the period | 9904 | €114,737 | €136,544 | +€21,807 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,737 | €136,544 | +€21,807 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.