INFOrce: 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.
INFOrce
Largest movements
- Current investments +€97,367
up €97,367 (+37.4%), from €260,144 to €357,511
- Cash -€59,860
down €59,860 (-90.4%), from €66,242 to €6,382
mainly Current investments (-€97,367) and Contributions, distributions and other (-€36,000)
- Tangible fixed assets -€24,863
down €24,863 (-28.8%), from €86,194 to €61,331
of which Furniture and vehicles: -€20,999
- Reserves +€24,253
up €24,253 (+7.7%), from €313,801 to €338,053
- Debts after one year -€11,495
down €11,495 (-45.3%), from €25,386 to €13,891
- Gross operating margin +€4,600
up €4,600 (+4.4%), from €103,485 to €108,085
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 | €449,962 | €465,446 | +€15,484 | +3.4% |
| Fixed assets | 21/28 | €86,194 | €61,331 | -€24,863 | -28.8% |
| Tangible fixed assets | 22/27 | €86,194 | €61,331 | -€24,863 | -28.8% |
| Land and buildings | 22 | €18,814 | €15,932 | -€2,882 | -15.3% |
| Plant, machinery and equipment | 23 | €971 | €493 | -€478 | -49.2% |
| Furniture and vehicles | 24 | €65,299 | €44,300 | -€20,999 | -32.2% |
| Other tangible fixed assets | 26 | €1,110 | €606 | -€504 | -45.4% |
| Current assets | 29/58 | €363,768 | €404,115 | +€40,347 | +11.1% |
| Amounts receivable within one year | 40/41 | €36,176 | €39,018 | +€2,842 | +7.9% |
| Trade receivables | 40 | €35,861 | €38,932 | +€3,071 | +8.6% |
| Other amounts receivable | 41 | €315 | €86 | -€229 | -72.6% |
| Current investments | 50/53 | €260,144 | €357,511 | +€97,367 | +37.4% |
| Cash at bank and in hand | 54/58 | €66,242 | €6,382 | -€59,860 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,206 | €1,204 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €449,962 | €465,446 | +€15,484 | +3.4% |
| Equity | 10/15 | €321,861 | €344,253 | +€22,393 | +7.0% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €313,801 | €338,053 | +€24,253 | +7.7% |
| Distributable reserves | 133 | €313,801 | €338,053 | +€24,253 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,101 | €121,193 | -€6,909 | -5.4% |
| Amounts payable after more than one year | 17 | €25,386 | €13,891 | -€11,495 | -45.3% |
| Financial debts | 170/4 | €25,386 | €13,891 | -€11,495 | -45.3% |
| Amounts payable within one year | 42/48 | €102,715 | €107,302 | +€4,586 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €11,128 | €11,495 | +€367 | +3.3% |
| Trade debts | 44 | €1,852 | €2,550 | +€698 | +37.7% |
| Suppliers | 440/4 | €1,852 | €2,550 | +€698 | +37.7% |
| Taxes, remuneration and social security | 45 | €14,517 | €14,530 | +€13 | +0.1% |
| Taxes | 450/3 | €11,917 | €12,328 | +€411 | +3.4% |
| Remuneration and social security | 454/9 | €2,600 | €2,202 | -€398 | -15.3% |
| Other amounts payable | 47/48 | €75,219 | €78,727 | +€3,509 | +4.7% |
| Non-recurring operating income | 76A | €905 | €0 | -€905 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,453 | €24,863 | -€590 | -2.3% |
| Other operating charges | 640/8 | €676 | €629 | -€48 | -7.0% |
| Gross operating margin | 9900 | €103,485 | €108,085 | +€4,600 | +4.4% |
| Operating profit (loss) | 9901 | €77,356 | €82,594 | +€5,237 | +6.8% |
| Financial income | 75/76B | €3,544 | €2,703 | -€841 | -23.7% |
| Recurring financial income | 75 | €3,544 | €2,703 | -€841 | -23.7% |
| Financial charges | 65/66B | €3,869 | €3,961 | +€93 | +2.4% |
| Recurring financial charges | 65 | €3,869 | €3,961 | +€93 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €77,031 | €81,335 | +€4,304 | +5.6% |
| Income taxes | 67/77 | €22,133 | €22,942 | +€809 | +3.7% |
| Profit (loss) for the period | 9904 | €54,898 | €58,393 | +€3,495 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,898 | €58,393 | +€3,495 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.