INFORAD: 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.
INFORAD
Largest movements
- Receivables within one year +€38,000
up €38,000 (+12.2%), from €310,862 to €348,862
of which Other amounts receivable: +€38,000
- Tangible fixed assets -€10,360
down €10,360 (-55.7%), from €18,614 to €8,254
- Cash +€4,213
up €4,213 (+10458.8%), from €40 to €4,253
mainly Net result for the year (+€41,602) and Depreciation (+€13,065)
- Reserves +€37,000
up €37,000 (+16.2%), from €228,160 to €265,160
of which Distributable reserves: +€37,000
- Trade debts -€5,077
down €5,077 (-92.8%), from €5,469 to €392
- Gross operating margin -€20,292
down €20,292 (-26.9%), from €75,533 to €55,241
- Financial income +€5,167
up €5,167 (+34.9%), from €14,792 to €19,960
- Taxes -€3,897
down €3,897 (-16.9%), from €23,073 to €19,177
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,638 | €362,340 | +€30,702 | +9.3% |
| Fixed assets | 21/28 | €20,243 | €8,916 | -€11,327 | -56.0% |
| Intangible fixed assets | 21 | €1,629 | €662 | -€967 | -59.4% |
| Tangible fixed assets | 22/27 | €18,614 | €8,254 | -€10,360 | -55.7% |
| Furniture and vehicles | 24 | €18,614 | €8,254 | -€10,360 | -55.7% |
| Current assets | 29/58 | €311,395 | €353,424 | +€42,029 | +13.5% |
| Amounts receivable within one year | 40/41 | €310,862 | €348,862 | +€38,000 | +12.2% |
| Trade receivables | 40 | €529 | €529 | = | 0.0% |
| Other amounts receivable | 41 | €310,333 | €348,333 | +€38,000 | +12.2% |
| Cash at bank and in hand | 54/58 | €40 | €4,253 | +€4,213 | +10458.8% |
| Deferred charges and accrued income | 490/1 | €493 | €308 | -€184 | -37.4% |
| Total equity and liabilities | 10/49 | €331,638 | €362,340 | +€30,702 | +9.3% |
| Equity | 10/15 | €298,369 | €336,272 | +€37,902 | +12.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €228,160 | €265,160 | +€37,000 | +16.2% |
| 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 | €226,300 | €263,300 | +€37,000 | +16.3% |
| Profit (loss) carried forward | 14 | €57,809 | €58,712 | +€902 | +1.6% |
| Amounts payable | 17/49 | €33,269 | €26,068 | -€7,201 | -21.6% |
| Amounts payable within one year | 42/48 | €33,269 | €26,068 | -€7,201 | -21.6% |
| Trade debts | 44 | €5,469 | €392 | -€5,077 | -92.8% |
| Suppliers | 440/4 | €5,469 | €392 | -€5,077 | -92.8% |
| Taxes, remuneration and social security | 45 | €27,800 | €25,677 | -€2,123 | -7.6% |
| Taxes | 450/3 | €27,800 | €25,677 | -€2,123 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,063 | €13,065 | +€2 | 0.0% |
| Other operating charges | 640/8 | €1,461 | €1,095 | -€366 | -25.0% |
| Gross operating margin | 9900 | €75,533 | €55,241 | -€20,292 | -26.9% |
| Operating profit (loss) | 9901 | €61,009 | €41,081 | -€19,929 | -32.7% |
| Financial income | 75/76B | €14,792 | €19,960 | +€5,167 | +34.9% |
| Recurring financial income | 75 | €14,792 | €19,960 | +€5,167 | +34.9% |
| Financial charges | 65/66B | €419 | €262 | -€157 | -37.5% |
| Recurring financial charges | 65 | €419 | €262 | -€157 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €75,383 | €60,779 | -€14,604 | -19.4% |
| Income taxes | 67/77 | €23,073 | €19,177 | -€3,897 | -16.9% |
| Profit (loss) for the period | 9904 | €52,310 | €41,602 | -€10,707 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,310 | €41,602 | -€10,707 | -20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.