Infor (Belgium): what changed
What changed
Infor (Belgium)
NACE 46.500, Wholesale of information and communication equipment
filed annual accounts (NBB)
Net result for the year
€141,660
2024 · €811,230-€669,570
Equity
€955,931
2024 · €5.3m-€4.4m
Cash
€5.5m
2024 · €9.7m-€4.1m
Balance sheet total
€11.1m
2024 · €14.1m-€3.0m
Largest movements
Assets
- Cash -€4.1m
down €4.1m (-42.9%), from €9.7m to €5.5m
mainly Contributions, distributions and other (-€4.5m) and Receivables within one year (-€1.1m)
- Receivables within one year +€1.1m
up €1.1m (+25.6%), from €4.4m to €5.6m
of which Trade receivables: +€1.1m
Equity and liabilities
- Profit (loss) carried forward -€2.9m
down €2.9m (-78.5%), from €3.7m to €798,521
- Contributions -€1.4m
down €1.4m (-91.0%), from €1.6m to €143,100
of which Contributions outside capital: -€1.4m
- Accrued charges and deferred income +€876,125
up €876,125 (+15.0%), from €5.9m to €6.7m
- Tax, wage and social debts +€225,606
up €225,606 (+12.3%), from €1.8m to €2.1m
of which Remuneration and social security: +€442,502
- Other debts +€193,679
up €193,679 (+39.9%), from €485,087 to €678,766
Income statement
- Turnover +€1.7m
up €1.7m (+15.5%), from €11.3m to €13.0m
- Services and other goods +€1.4m
up €1.4m (+31.6%), from €4.4m to €5.7m
- Staff costs +€837,909
up €837,909 (+13.6%), from €6.1m to €7.0m
- Write-downs -€549,892
down €549,892, from €289,712 to -€260,180
- Financial charges +€548,450
up €548,450 (+8,117%), from €6,757 to €555,207
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€811,230
Turnover
+€1.7m
Other operating income
-€957
Services and other goods
-€1.4m
Staff costs
-€837,909
Depreciation
+€150
Write-downs
+€549,892
Financial income
-€450,587
Financial charges
-€548,450
Taxes
+€254,668
Result 2025
€141,660
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€425,726
Investment
€0
Financing
-€4.6m
Cash 2024
€9.7m
From operations (derived)
+€425,726
Net result for the year
+€141,660
Depreciation
+€4,292
Receivables within one year
-€1.1m
Trade debts
+€115,985
Tax, wage and social debts
+€225,606
Other debts
+€193,679
Accrued charges and deferred income
+€876,125
Financing
-€4.6m
Debts after one year
-€72,338
Contributions, distributions and other
-€4.5m
Cash 2025
€5.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,087,136 | €11,067,854 | -€3.0m | -21.4% |
| Fixed assets | 21/28 | €8,125 | €3,833 | -€4,292 | -52.8% |
| Tangible fixed assets | 22/27 | €8,125 | €3,833 | -€4,292 | -52.8% |
| Furniture and vehicles | 24 | €8,125 | €3,833 | -€4,292 | -52.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €14,079,012 | €11,064,021 | -€3.0m | -21.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,422,707 | €5,554,329 | +€1.1m | +25.6% |
| Trade receivables | 40 | €4,408,876 | €5,542,997 | +€1.1m | +25.7% |
| Other amounts receivable | 41 | €13,832 | €11,332 | -€2,500 | -18.1% |
| Cash at bank and in hand | 54/58 | €9,656,304 | €5,509,692 | -€4.1m | -42.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,087,136 | €11,067,854 | -€3.0m | -21.4% |
| Equity | 10/15 | €5,314,270 | €955,931 | -€4.4m | -82.0% |
| Contributions | 10/11 | €1,581,550 | €143,100 | -€1.4m | -91.0% |
| Capital | 10 | €143,100 | €143,100 | = | 0.0% |
| Issued capital | 100 | €143,100 | €143,100 | = | 0.0% |
| Contributions outside capital | 11 | €1,438,450 | €0 | -€1.4m | -100% |
| Share premium | 1100/10 | €1,438,450 | €0 | -€1.4m | -100% |
| Reserves | 13 | €14,310 | €14,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,310 | €14,310 | = | 0.0% |
| Legal reserve | 130 | €14,310 | €14,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,718,410 | €798,521 | -€2.9m | -78.5% |
| Amounts payable | 17/49 | €8,772,866 | €10,111,923 | +€1.3m | +15.3% |
| Amounts payable after more than one year | 17 | €212,755 | €140,418 | -€72,338 | -34.0% |
| Advances received on contracts in progress | 176 | €12,395 | €15,980 | +€3,585 | +28.9% |
| Other amounts payable | 178/9 | €200,360 | €124,437 | -€75,923 | -37.9% |
| Amounts payable within one year | 42/48 | €2,708,617 | €3,243,887 | +€535,270 | +19.8% |
| Trade debts | 44 | €389,766 | €505,751 | +€115,985 | +29.8% |
| Suppliers | 440/4 | €389,766 | €505,751 | +€115,985 | +29.8% |
| Taxes, remuneration and social security | 45 | €1,833,764 | €2,059,370 | +€225,606 | +12.3% |
| Taxes | 450/3 | €402,875 | €185,979 | -€216,896 | -53.8% |
| Remuneration and social security | 454/9 | €1,430,889 | €1,873,391 | +€442,502 | +30.9% |
| Other amounts payable | 47/48 | €485,087 | €678,766 | +€193,679 | +39.9% |
| Accrued charges and deferred income | 492/3 | €5,851,494 | €6,727,619 | +€876,125 | +15.0% |
| Operating income | 70/76A | €11,266,080 | €13,009,022 | +€1.7m | +15.5% |
| Turnover | 70 | €11,265,123 | €13,009,022 | +€1.7m | +15.5% |
| Other operating income | 74 | €957 | €0 | -€957 | -100% |
| Operating charges | 60/66A | €10,803,633 | €12,471,775 | +€1.7m | +15.4% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €4,367,328 | €5,747,603 | +€1.4m | +31.6% |
| Remuneration, social security and pensions | 62 | €6,142,151 | €6,980,059 | +€837,909 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,442 | €4,292 | -€150 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €289,712 | -€260,180 | -€549,892 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Operating profit (loss) | 9901 | €462,447 | €537,247 | +€74,800 | +16.2% |
| Financial income | 75/76B | €678,077 | €227,490 | -€450,587 | -66.5% |
| Recurring financial income | 75 | €678,077 | €227,490 | -€450,587 | -66.5% |
| Income from current assets | 751 | €380,099 | €215,636 | -€164,463 | -43.3% |
| Other financial income | 752/9 | €297,978 | €11,854 | -€286,124 | -96.0% |
| Financial charges | 65/66B | €6,757 | €555,207 | +€548,450 | +8,117% |
| Recurring financial charges | 65 | €6,757 | €555,207 | +€548,450 | +8,117% |
| Debt charges | 650 | €6 | €13 | +€7 | +111% |
| Other financial charges | 652/9 | €6,751 | €555,194 | +€548,443 | +8,124% |
| Profit (loss) for the period before taxes | 9903 | €1,133,767 | €209,529 | -€924,238 | -81.5% |
| Income taxes | 67/77 | €322,537 | €67,869 | -€254,668 | -79.0% |
| Taxes | 670/3 | €322,537 | €78,384 | -€244,153 | -75.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,515 | +€10,515 | |
| Profit (loss) for the period | 9904 | €811,230 | €141,660 | -€669,570 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €811,230 | €141,660 | -€669,570 | -82.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.