INFORBEL: 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.
INFORBEL
Largest movements
- Cash +€35,026
up €35,026 (+220%), from €15,948 to €50,973
mainly Net result for the year (+€17,865) and Depreciation (+€17,163)
- Tangible fixed assets -€17,163
down €17,163 (-3.2%), from €534,063 to €516,900
- Profit (loss) carried forward +€17,865
up €17,865 (+12.5%), from €143,404 to €161,269
- Gross operating margin +€5,148
up €5,148 (+15.6%), from €32,934 to €38,082
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 | €550,042 | €567,907 | +€17,865 | +3.2% |
| Fixed assets | 21/28 | €534,063 | €516,900 | -€17,163 | -3.2% |
| Tangible fixed assets | 22/27 | €534,063 | €516,900 | -€17,163 | -3.2% |
| Land and buildings | 22 | €534,063 | €516,900 | -€17,163 | -3.2% |
| Current assets | 29/58 | €15,980 | €51,007 | +€35,028 | +219% |
| Cash at bank and in hand | 54/58 | €15,948 | €50,973 | +€35,026 | +220% |
| Deferred charges and accrued income | 490/1 | €32 | €34 | +€2 | +6.2% |
| Total equity and liabilities | 10/49 | €550,042 | €567,907 | +€17,865 | +3.2% |
| Equity | 10/15 | €273,712 | €291,577 | +€17,865 | +6.5% |
| Contributions | 10/11 | €118,462 | €118,462 | = | 0.0% |
| Capital | 10 | €118,462 | €118,462 | = | 0.0% |
| Issued capital | 100 | €118,462 | €118,462 | = | 0.0% |
| Reserves | 13 | €11,846 | €11,846 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,846 | €11,846 | = | 0.0% |
| Legal reserve | 130 | €11,846 | €11,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,404 | €161,269 | +€17,865 | +12.5% |
| Amounts payable | 17/49 | €276,330 | €276,330 | = | 0.0% |
| Amounts payable within one year | 42/48 | €276,330 | €276,330 | = | 0.0% |
| Other amounts payable | 47/48 | €276,330 | €276,330 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,163 | €17,163 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,900 | €3,011 | +€111 | +3.8% |
| Gross operating margin | 9900 | €32,934 | €38,082 | +€5,148 | +15.6% |
| Operating profit (loss) | 9901 | €12,872 | €17,909 | +€5,037 | +39.1% |
| Financial charges | 65/66B | €39 | €44 | +€4 | +11.3% |
| Recurring financial charges | 65 | €39 | €44 | +€4 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €12,832 | €17,865 | +€5,033 | +39.2% |
| Profit (loss) for the period | 9904 | €12,832 | €17,865 | +€5,033 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,832 | €17,865 | +€5,033 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.