INFORGED: 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.
INFORGED
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Cash +€22,200
up €22,200 (+41.4%), from €53,585 to €75,785
mainly Net result for the year (+€35,431) and Other debts (+€16,059)
- Receivables within one year -€3,016
down €3,016 (-23.1%), from €13,081 to €10,064
of which Trade receivables: -€2,778
- Reserves +€20,431
up €20,431 (+39.3%), from €51,991 to €72,422
- Other debts +€16,059
new in 2025: €16,059
- Tax, wage and social debts +€12,665
up €12,665 (+102.9%), from €12,312 to €24,977
- Gross operating margin +€13,737
up €13,737 (+36.6%), from €37,529 to €51,266
- Taxes +€3,217
up €3,217 (+27.4%), from €11,758 to €14,975
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 | €67,636 | €116,458 | +€48,822 | +72.2% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €67,536 | €116,357 | +€48,822 | +72.3% |
| Amounts receivable within one year | 40/41 | €13,081 | €10,064 | -€3,016 | -23.1% |
| Trade receivables | 40 | €11,113 | €8,334 | -€2,778 | -25.0% |
| Other amounts receivable | 41 | €1,968 | €1,730 | -€238 | -12.1% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €53,585 | €75,785 | +€22,200 | +41.4% |
| Deferred charges and accrued income | 490/1 | €870 | €508 | -€362 | -41.6% |
| Total equity and liabilities | 10/49 | €67,636 | €116,458 | +€48,822 | +72.2% |
| Equity | 10/15 | €54,991 | €75,422 | +€20,431 | +37.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,991 | €72,422 | +€20,431 | +39.3% |
| Distributable reserves | 133 | €51,991 | €72,422 | +€20,431 | +39.3% |
| Amounts payable | 17/49 | €12,645 | €41,036 | +€28,391 | +224.5% |
| Amounts payable within one year | 42/48 | €12,645 | €41,036 | +€28,391 | +224.5% |
| Trade debts | 44 | €333 | - | -€333 | |
| Suppliers | 440/4 | €333 | - | -€333 | |
| Taxes, remuneration and social security | 45 | €12,312 | €24,977 | +€12,665 | +102.9% |
| Taxes | 450/3 | €12,312 | €24,977 | +€12,665 | +102.9% |
| Other amounts payable | 47/48 | - | €16,059 | +€16,059 | |
| Gross operating margin | 9900 | €37,529 | €51,266 | +€13,737 | +36.6% |
| Operating profit (loss) | 9901 | €37,529 | €51,266 | +€13,737 | +36.6% |
| Financial charges | 65/66B | €1,034 | €860 | -€174 | -16.8% |
| Recurring financial charges | 65 | €1,034 | €860 | -€174 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €36,495 | €50,405 | +€13,910 | +38.1% |
| Income taxes | 67/77 | €11,758 | €14,975 | +€3,217 | +27.4% |
| Profit (loss) for the period | 9904 | €24,737 | €35,431 | +€10,694 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,737 | €35,431 | +€10,694 | +43.2% |
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 3 October 2026 via checked.be.