InforMD: what changed
InforMD
Largest movements
- Receivables within one year +€46,516
up €46,516 (+73.6%), from €63,176 to €109,691
of which Trade receivables: +€66,381
- Receivables after one year -€39,550
down €39,550 (-100%), from €39,550 to €0
- Cash -€36,551
down €36,551 (-95.0%), from €38,461 to €1,910
mainly Receivables within one year (-€46,516) and Debts after one year (-€27,479)
- Tangible fixed assets -€20,309
down €20,309 (-6.7%), from €304,535 to €284,226
of which Furniture and vehicles: -€15,715
- Current investments +€6,000
up €6,000 (+57.1%), from €10,500 to €16,500
- Debts after one year -€27,479
down €27,479 (-15.8%), from €173,598 to €146,119
- Other debts -€21,244
down €21,244 (-42.4%), from €50,150 to €28,906
- Tax, wage and social debts -€9,115
down €9,115 (-29.7%), from €30,671 to €21,556
- Trade debts +€7,458
up €7,458 (+178%), from €4,185 to €11,643
- Gross operating margin -€64,547
down €64,547 (-58.8%), from €109,742 to €45,195
- Taxes -€12,964
down €12,964 (-71.8%), from €18,067 to €5,103
- Financial income -€2,213
down €2,213 (-84.6%), from €2,615 to €402
- Other operating charges +€1,690
up €1,690 (+153%), from €1,104 to €2,794
- Depreciation +€1,230
up €1,230 (+4.5%), from €27,281 to €28,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,106 | €414,324 | -€49,782 | -10.7% |
| Fixed assets | 21/28 | €304,535 | €284,226 | -€20,309 | -6.7% |
| Tangible fixed assets | 22/27 | €304,535 | €284,226 | -€20,309 | -6.7% |
| Land and buildings | 22 | €245,354 | €239,967 | -€5,387 | -2.2% |
| Plant, machinery and equipment | 23 | €4,850 | €5,643 | +€793 | +16.4% |
| Furniture and vehicles | 24 | €54,330 | €38,616 | -€15,715 | -28.9% |
| Current assets | 29/58 | €159,571 | €130,098 | -€29,474 | -18.5% |
| Amounts receivable after more than one year | 29 | €39,550 | €0 | -€39,550 | -100% |
| Other amounts receivable | 291 | €39,550 | €0 | -€39,550 | -100% |
| Amounts receivable within one year | 40/41 | €63,176 | €109,691 | +€46,516 | +73.6% |
| Trade receivables | 40 | €28,138 | €94,518 | +€66,381 | +236% |
| Other amounts receivable | 41 | €35,038 | €15,173 | -€19,865 | -56.7% |
| Current investments | 50/53 | €10,500 | €16,500 | +€6,000 | +57.1% |
| Cash at bank and in hand | 54/58 | €38,461 | €1,910 | -€36,551 | -95.0% |
| Deferred charges and accrued income | 490/1 | €7,885 | €1,997 | -€5,888 | -74.7% |
| Total equity and liabilities | 10/49 | €464,106 | €414,324 | -€49,782 | -10.7% |
| Equity | 10/15 | €172,503 | €172,503 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,379 | €58,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €58,129 | €58,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,524 | €95,524 | = | 0.0% |
| Amounts payable | 17/49 | €291,603 | €241,821 | -€49,782 | -17.1% |
| Amounts payable after more than one year | 17 | €173,598 | €146,119 | -€27,479 | -15.8% |
| Financial debts | 170/4 | €173,598 | €146,119 | -€27,479 | -15.8% |
| Amounts payable within one year | 42/48 | €118,005 | €95,703 | -€22,303 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €26,839 | €27,479 | +€641 | +2.4% |
| Financial debts | 43 | €6,160 | €6,118 | -€42 | -0.7% |
| Credit institutions | 430/8 | €6,160 | €6,118 | -€42 | -0.7% |
| Trade debts | 44 | €4,185 | €11,643 | +€7,458 | +178% |
| Suppliers | 440/4 | €4,185 | €11,643 | +€7,458 | +178% |
| Taxes, remuneration and social security | 45 | €30,671 | €21,556 | -€9,115 | -29.7% |
| Taxes | 450/3 | €30,671 | €21,556 | -€9,115 | -29.7% |
| Other amounts payable | 47/48 | €50,150 | €28,906 | -€21,244 | -42.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €317 | €0 | -€317 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,281 | €28,510 | +€1,230 | +4.5% |
| Other operating charges | 640/8 | €1,104 | €2,794 | +€1,690 | +153% |
| Gross operating margin | 9900 | €109,742 | €45,195 | -€64,547 | -58.8% |
| Operating profit (loss) | 9901 | €81,041 | €13,890 | -€67,151 | -82.9% |
| Financial income | 75/76B | €2,615 | €402 | -€2,213 | -84.6% |
| Recurring financial income | 75 | €2,615 | €402 | -€2,213 | -84.6% |
| Financial charges | 65/66B | €6,519 | €5,339 | -€1,180 | -18.1% |
| Recurring financial charges | 65 | €6,519 | €5,339 | -€1,180 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €77,137 | €8,953 | -€68,183 | -88.4% |
| Income taxes | 67/77 | €18,067 | €5,103 | -€12,964 | -71.8% |
| Profit (loss) for the period | 9904 | €59,069 | €3,850 | -€55,220 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,069 | €3,850 | -€55,220 | -93.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.