Infra4Be Management: 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.
Infra4Be Management
Largest movements
- Receivables within one year +€386,082
up €386,082 (+1,812%), from €21,309 to €407,391
of which Trade receivables: +€264,668
- Cash -€296,885
down €296,885 (-23.1%), from €1.3m to €989,835
mainly Receivables within one year (-€386,082) and Tax, wage and social debts (-€92,600)
- Deferred charges and accrued income +€29,172
up €29,172 (+58.0%), from €50,289 to €79,461
- Tangible fixed assets -€28,617
down €28,617 (-9.9%), from €290,522 to €261,905
of which Other tangible fixed assets: -€33,711
- Trade debts +€151,809
up €151,809 (+18.6%), from €814,287 to €966,096
of which Suppliers: +€151,809
- Tax, wage and social debts -€92,600
down €92,600 (-93.2%), from €99,384 to €6,784
of which Taxes: -€83,751
- Profit (loss) carried forward +€27,501
up €27,501 (+4.3%), from €643,662 to €671,163
- Gross operating margin -€290,939
down €290,939 (-26.6%), from €1.1m to €803,113
- Staff costs -€83,593
down €83,593 (-11.6%), from €720,563 to €636,970
- Taxes -€55,168
down €55,168 (-68.4%), from €80,670 to €25,502
- Other operating charges -€12,947
down €12,947 (-49.6%), from €26,091 to €13,143
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 | €1,684,643 | €1,774,395 | +€89,752 | +5.3% |
| Fixed assets | 21/28 | €326,325 | €297,708 | -€28,617 | -8.8% |
| Tangible fixed assets | 22/27 | €290,522 | €261,905 | -€28,617 | -9.9% |
| Plant, machinery and equipment | 23 | €2,616 | €14,989 | +€12,373 | +473% |
| Furniture and vehicles | 24 | €38,955 | €31,675 | -€7,280 | -18.7% |
| Other tangible fixed assets | 26 | €248,952 | €215,242 | -€33,711 | -13.5% |
| Financial fixed assets | 28 | €35,803 | €35,803 | = | 0.0% |
| Current assets | 29/58 | €1,358,317 | €1,476,687 | +€118,370 | +8.7% |
| Amounts receivable within one year | 40/41 | €21,309 | €407,391 | +€386,082 | +1,812% |
| Trade receivables | 40 | €15,437 | €280,104 | +€264,668 | +1,715% |
| Other amounts receivable | 41 | €5,872 | €127,286 | +€121,414 | +2,068% |
| Cash at bank and in hand | 54/58 | €1,286,720 | €989,835 | -€296,885 | -23.1% |
| Deferred charges and accrued income | 490/1 | €50,289 | €79,461 | +€29,172 | +58.0% |
| Total equity and liabilities | 10/49 | €1,684,643 | €1,774,395 | +€89,752 | +5.3% |
| Equity | 10/15 | €724,968 | €752,468 | +€27,501 | +3.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Uncalled capital | 101 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €18,806 | €18,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,806 | €18,806 | = | 0.0% |
| Legal reserve | 130 | €18,806 | €18,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €643,662 | €671,163 | +€27,501 | +4.3% |
| Amounts payable | 17/49 | €959,675 | €1,021,927 | +€62,252 | +6.5% |
| Amounts payable within one year | 42/48 | €958,715 | €1,021,924 | +€63,209 | +6.6% |
| Trade debts | 44 | €814,287 | €966,096 | +€151,809 | +18.6% |
| Suppliers | 440/4 | €814,287 | €966,096 | +€151,809 | +18.6% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €99,384 | €6,784 | -€92,600 | -93.2% |
| Taxes | 450/3 | €86,535 | €2,784 | -€83,751 | -96.8% |
| Remuneration and social security | 454/9 | €12,849 | €4,000 | -€8,849 | -68.9% |
| Other amounts payable | 47/48 | €45,044 | €49,044 | +€4,000 | +8.9% |
| Accrued charges and deferred income | 492/3 | €960 | €3 | -€957 | -99.7% |
| Remuneration, social security and pensions | 62 | €720,563 | €636,970 | -€83,593 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,435 | €46,985 | -€451 | -1.0% |
| Other operating charges | 640/8 | €26,091 | €13,143 | -€12,947 | -49.6% |
| Gross operating margin | 9900 | €1,094,052 | €803,113 | -€290,939 | -26.6% |
| Operating profit (loss) | 9901 | €299,964 | €106,015 | -€193,949 | -64.7% |
| Financial income | 75/76B | €1,196 | €25 | -€1,171 | -97.9% |
| Recurring financial income | 75 | €1,196 | €25 | -€1,171 | -97.9% |
| Financial charges | 65/66B | €3,691 | €7,037 | +€3,346 | +90.6% |
| Recurring financial charges | 65 | €3,691 | €7,037 | +€3,346 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €297,469 | €99,003 | -€198,466 | -66.7% |
| Income taxes | 67/77 | €80,670 | €25,502 | -€55,168 | -68.4% |
| Profit (loss) for the period | 9904 | €216,799 | €73,501 | -€143,298 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €216,799 | €73,501 | -€143,298 | -66.1% |
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 24 October 2026 via checked.be.