INFRA ROUTE: 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.
INFRA ROUTE
Largest movements
- Tangible fixed assets -€25,884
down €25,884 (-53.2%), from €48,671 to €22,787
of which Furniture and vehicles: -€17,964
- Receivables within one year -€10,181
down €10,181 (-43.7%), from €23,294 to €13,113
of which Trade receivables: -€11,233
- Cash -€7,135
down €7,135 (-27.5%), from €25,965 to €18,830
mainly Debts after one year (-€13,920) and Current portion of long-term debt (-€8,504)
- Deferred charges and accrued income +€3,265
up €3,265 (+5,322%), from €61 to €3,326
- Debts after one year -€13,920
down €13,920 (-48.3%), from €28,813 to €14,893
- Current portion of long-term debt -€8,504
down €8,504 (-58.1%), from €14,642 to €6,138
- Tax, wage and social debts -€7,763
down €7,763 (-50.5%), from €15,356 to €7,594
of which Taxes: -€5,015
- Profit (loss) carried forward -€6,906
down €6,906 (-22.2%), from €31,173 to €24,267
- Trade debts -€2,926
down €2,926 (-68.2%), from €4,290 to €1,364
- Gross operating margin -€28,494
down €28,494 (-53.5%), from €53,250 to €24,756
- Taxes -€3,406
down €3,406, from €3,391 to -€15
- Staff costs +€1,061
up €1,061 (+6.8%), from €15,553 to €16,614
- Depreciation -€953
down €953 (-9.2%), from €10,386 to €9,433
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.
Derived cash bridge
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 | €98,074 | €58,057 | -€40,018 | -40.8% |
| Fixed assets | 21/28 | €48,754 | €22,787 | -€25,967 | -53.3% |
| Intangible fixed assets | 21 | €84 | €0 | -€84 | -100% |
| Tangible fixed assets | 22/27 | €48,671 | €22,787 | -€25,884 | -53.2% |
| Plant, machinery and equipment | 23 | €28,039 | €20,119 | -€7,920 | -28.2% |
| Furniture and vehicles | 24 | €20,632 | €2,668 | -€17,964 | -87.1% |
| Current assets | 29/58 | €49,320 | €35,270 | -€14,050 | -28.5% |
| Amounts receivable within one year | 40/41 | €23,294 | €13,113 | -€10,181 | -43.7% |
| Trade receivables | 40 | €20,148 | €8,916 | -€11,233 | -55.8% |
| Other amounts receivable | 41 | €3,146 | €4,198 | +€1,052 | +33.4% |
| Cash at bank and in hand | 54/58 | €25,965 | €18,830 | -€7,135 | -27.5% |
| Deferred charges and accrued income | 490/1 | €61 | €3,326 | +€3,265 | +5,322% |
| Total equity and liabilities | 10/49 | €98,074 | €58,057 | -€40,018 | -40.8% |
| Equity | 10/15 | €34,973 | €28,067 | -€6,906 | -19.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €300 | +€300 | |
| Other | 1319 | - | €300 | +€300 | |
| Distributable reserves | 133 | €300 | - | -€300 | |
| Profit (loss) carried forward | 14 | €31,173 | €24,267 | -€6,906 | -22.2% |
| Amounts payable | 17/49 | €63,102 | €29,990 | -€33,112 | -52.5% |
| Amounts payable after more than one year | 17 | €28,813 | €14,893 | -€13,920 | -48.3% |
| Financial debts | 170/4 | €28,813 | €14,893 | -€13,920 | -48.3% |
| Amounts payable within one year | 42/48 | €34,289 | €15,096 | -€19,192 | -56.0% |
| Current portion of amounts payable after more than one year | 42 | €14,642 | €6,138 | -€8,504 | -58.1% |
| Trade debts | 44 | €4,290 | €1,364 | -€2,926 | -68.2% |
| Suppliers | 440/4 | €4,290 | €1,364 | -€2,926 | -68.2% |
| Taxes, remuneration and social security | 45 | €15,356 | €7,594 | -€7,763 | -50.5% |
| Taxes | 450/3 | €11,883 | €6,868 | -€5,015 | -42.2% |
| Remuneration and social security | 454/9 | €3,473 | €726 | -€2,748 | -79.1% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €15,553 | €16,614 | +€1,061 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,386 | €9,433 | -€953 | -9.2% |
| Other operating charges | 640/8 | €411 | €733 | +€322 | +78.3% |
| Non-recurring operating charges | 66A | €4,918 | - | -€4,918 | |
| Gross operating margin | 9900 | €53,250 | €24,756 | -€28,494 | -53.5% |
| Operating profit (loss) | 9901 | €21,981 | -€2,025 | -€24,006 | |
| Financial income | 75/76B | €5 | €13 | +€8 | +179% |
| Recurring financial income | 75 | €5 | €13 | +€8 | +179% |
| Financial charges | 65/66B | €5,229 | €4,909 | -€320 | -6.1% |
| Recurring financial charges | 65 | €5,229 | €4,909 | -€320 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €16,756 | -€6,920 | -€23,677 | |
| Income taxes | 67/77 | €3,391 | -€15 | -€3,406 | |
| Profit (loss) for the period | 9904 | €13,365 | -€6,906 | -€20,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,365 | -€6,906 | -€20,271 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.