INFOR - MAIL: 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.
INFOR - MAIL
Largest movements
- Tangible fixed assets -€9,755
down €9,755 (-17.3%), from €56,372 to €46,617
of which Land and buildings: -€9,267
- Cash -€8,505
down €8,505 (-39.8%), from €21,355 to €12,850
mainly Net result for the year (-€27,653) and Stocks and contracts (-€2,924)
- Stocks and contracts +€2,924
up €2,924 (+4.1%), from €71,677 to €74,601
- Receivables within one year +€2,139
up €2,139 (+10334.8%), from €21 to €2,160
of which Trade receivables: +€2,160
- Profit (loss) carried forward -€27,653
down €27,653 (-8.3%), from -€332,068 to -€359,721
- Other debts +€14,828
up €14,828 (+4.6%), from €319,623 to €334,451
- Gross operating margin -€6,509
down €6,509 (-103.3%), from -€6,301 to -€12,810
- Other operating charges -€3,035
down €3,035 (-37.7%), from €8,041 to €5,007
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 | €152,078 | €139,396 | -€12,683 | -8.3% |
| Fixed assets | 21/28 | €56,479 | €46,724 | -€9,755 | -17.3% |
| Tangible fixed assets | 22/27 | €56,372 | €46,617 | -€9,755 | -17.3% |
| Land and buildings | 22 | €55,851 | €46,585 | -€9,267 | -16.6% |
| Furniture and vehicles | 24 | €521 | €32 | -€489 | -93.8% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €95,599 | €92,672 | -€2,927 | -3.1% |
| Stocks and contracts in progress | 3 | €71,677 | €74,601 | +€2,924 | +4.1% |
| Stocks | 30/36 | €71,677 | €74,601 | +€2,924 | +4.1% |
| Amounts receivable within one year | 40/41 | €21 | €2,160 | +€2,139 | +10334.8% |
| Trade receivables | 40 | - | €2,160 | +€2,160 | |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,355 | €12,850 | -€8,505 | -39.8% |
| Deferred charges and accrued income | 490/1 | €2,545 | €3,060 | +€514 | +20.2% |
| Total equity and liabilities | 10/49 | €152,078 | €139,396 | -€12,683 | -8.3% |
| Equity | 10/15 | -€174,117 | -€201,770 | -€27,653 | -15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €139,359 | €139,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,068 | -€359,721 | -€27,653 | -8.3% |
| Amounts payable | 17/49 | €326,195 | €341,166 | +€14,970 | +4.6% |
| Amounts payable within one year | 42/48 | €326,195 | €341,166 | +€14,970 | +4.6% |
| Trade debts | 44 | €3,707 | €4,954 | +€1,247 | +33.6% |
| Suppliers | 440/4 | €3,707 | €4,954 | +€1,247 | +33.6% |
| Taxes, remuneration and social security | 45 | €2,866 | €1,761 | -€1,105 | -38.6% |
| Taxes | 450/3 | €2,866 | €261 | -€2,605 | -90.9% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €319,623 | €334,451 | +€14,828 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,755 | €9,755 | = | 0.0% |
| Other operating charges | 640/8 | €8,041 | €5,007 | -€3,035 | -37.7% |
| Gross operating margin | 9900 | -€6,301 | -€12,810 | -€6,509 | -103.3% |
| Operating profit (loss) | 9901 | -€24,098 | -€27,572 | -€3,474 | -14.4% |
| Financial income | 75/76B | €5 | €1 | -€4 | -76.7% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -76.7% |
| Financial charges | 65/66B | €51 | €83 | +€31 | +60.8% |
| Recurring financial charges | 65 | €51 | €83 | +€31 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,144 | -€27,653 | -€3,509 | -14.5% |
| Profit (loss) for the period | 9904 | -€24,144 | -€27,653 | -€3,509 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,144 | -€27,653 | -€3,509 | -14.5% |
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 4 October 2026 via checked.be.