INFRA-TECHNIEKEN: 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.
What changed
INFRA-TECHNIEKEN
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€149,997
2024 · €96,398+€53,599
Equity
€2.1m
2024 · €1.9m+€149,874
Cash
€35,601
2024 · €15,914+€19,687
Balance sheet total
€2.4m
2024 · €2.3m+€99,701
Largest movements
Assets
- Tangible fixed assets +€102,956
up €102,956 (+50.9%), from €202,311 to €305,267
of which Other tangible fixed assets: +€112,481
Equity and liabilities
- Reserves +€149,874
up €149,874 (+7.9%), from €1.9m to €2.0m
Income statement
- Gross operating margin +€30,432
up €30,432 (+17.1%), from €178,262 to €208,694
- Financial income +€28,059
up €28,059 (+165%), from €17,000 to €45,059
- Staff costs -€23,185
down €23,185 (-37.7%), from €61,419 to €38,234
- Depreciation +€17,070
up €17,070 (+288%), from €5,936 to €23,006
- Taxes +€8,908
up €8,908 (+44.2%), from €20,152 to €29,060
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.
Result 2024
€96,398
Gross operating margin
+€30,432
Staff costs
+€23,185
Depreciation
-€17,070
Other operating charges
-€316
Financial income
+€28,059
Financial charges
-€1,782
Taxes
-€8,908
Result 2025
€149,997
raises the resultlowers the result
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.
From operations
+€156,866
Investment
-€125,962
Financing
-€11,218
Cash 2024
€15,914
From operations (derived)
+€156,866
Net result for the year
+€149,997
Depreciation
+€23,006
Receivables within one year
+€21,270
Deferred charges and accrued income
+€1,671
Trade debts
-€9,606
Tax, wage and social debts
-€730
Advances received
-€17,000
Other debts
-€11,742
Investment (derived)
-€125,962
Investment in fixed assets (net)
-€125,962
Financing
-€11,218
Debts after one year
-€20,443
Current portion of long-term debt
+€9,349
Contributions, distributions and other
-€123
Cash 2025
€35,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,342,246 | €2,441,947 | +€99,701 | +4.3% |
| Fixed assets | 21/28 | €2,291,489 | €2,394,445 | +€102,956 | +4.5% |
| Tangible fixed assets | 22/27 | €202,311 | €305,267 | +€102,956 | +50.9% |
| Land and buildings | 22 | €37,076 | €37,490 | +€414 | +1.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,740 | €4,940 | +€3,201 | +184% |
| Leasing and similar rights | 25 | €64,874 | €51,734 | -€13,140 | -20.3% |
| Other tangible fixed assets | 26 | €98,621 | €211,102 | +€112,481 | +114% |
| Financial fixed assets | 28 | €2,089,178 | €2,089,178 | = | 0.0% |
| Current assets | 29/58 | €50,757 | €47,502 | -€3,255 | -6.4% |
| Amounts receivable within one year | 40/41 | €31,970 | €10,699 | -€21,270 | -66.5% |
| Trade receivables | 40 | €303 | €1,833 | +€1,531 | +506% |
| Other amounts receivable | 41 | €31,667 | €8,866 | -€22,801 | -72.0% |
| Cash at bank and in hand | 54/58 | €15,914 | €35,601 | +€19,687 | +124% |
| Deferred charges and accrued income | 490/1 | €2,873 | €1,202 | -€1,671 | -58.2% |
| Total equity and liabilities | 10/49 | €2,342,246 | €2,441,947 | +€99,701 | +4.3% |
| Equity | 10/15 | €1,924,857 | €2,074,731 | +€149,874 | +7.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,899,857 | €2,049,731 | +€149,874 | +7.9% |
| Distributable reserves | 133 | €1,899,857 | €2,049,731 | +€149,874 | +7.9% |
| Amounts payable | 17/49 | €417,389 | €367,216 | -€50,173 | -12.0% |
| Amounts payable after more than one year | 17 | €265,774 | €245,331 | -€20,443 | -7.7% |
| Financial debts | 170/4 | €265,774 | €245,331 | -€20,443 | -7.7% |
| Amounts payable within one year | 42/48 | €151,615 | €121,885 | -€29,729 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €97,526 | €106,874 | +€9,349 | +9.6% |
| Trade debts | 44 | €14,788 | €5,183 | -€9,606 | -65.0% |
| Suppliers | 440/4 | €14,788 | €5,183 | -€9,606 | -65.0% |
| Advances received on contracts in progress | 46 | €17,000 | - | -€17,000 | |
| Taxes, remuneration and social security | 45 | €10,431 | €9,701 | -€730 | -7.0% |
| Taxes | 450/3 | €3,648 | €9,701 | +€6,054 | +166% |
| Remuneration and social security | 454/9 | €6,783 | - | -€6,783 | |
| Other amounts payable | 47/48 | €11,869 | €127 | -€11,742 | -98.9% |
| Remuneration, social security and pensions | 62 | €61,419 | €38,234 | -€23,185 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,936 | €23,006 | +€17,070 | +288% |
| Other operating charges | 640/8 | €1,150 | €1,466 | +€316 | +27.5% |
| Gross operating margin | 9900 | €178,262 | €208,694 | +€30,432 | +17.1% |
| Operating profit (loss) | 9901 | €109,757 | €145,988 | +€36,231 | +33.0% |
| Financial income | 75/76B | €17,000 | €45,059 | +€28,059 | +165% |
| Recurring financial income | 75 | €17,000 | €45,059 | +€28,059 | +165% |
| Financial charges | 65/66B | €10,207 | €11,989 | +€1,782 | +17.5% |
| Recurring financial charges | 65 | €10,207 | €11,989 | +€1,782 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €116,550 | €179,058 | +€62,508 | +53.6% |
| Income taxes | 67/77 | €20,152 | €29,060 | +€8,908 | +44.2% |
| Profit (loss) for the period | 9904 | €96,398 | €149,997 | +€53,599 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,398 | €149,997 | +€53,599 | +55.6% |
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 29 October 2026 via checked.be.