INFRABAT: 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.
INFRABAT
Largest movements
- Receivables within one year -€45,484
down €45,484 (-25.9%), from €175,792 to €130,308
of which Trade receivables: -€44,477
- Cash +€23,115
up €23,115 (+67.4%), from €34,307 to €57,422
mainly Receivables within one year (+€45,484) and Depreciation (+€11,454)
- Tangible fixed assets -€8,954
down €8,954 (-6.4%), from €139,181 to €130,227
- Other debts -€20,794
down €20,794 (-79.0%), from €26,325 to €5,530
- Current portion of long-term debt -€7,380
down €7,380 (-51.2%), from €14,408 to €7,028
- Debts after one year -€6,385
down €6,385 (-9.1%), from €70,319 to €63,934
- Purchases and services +€4,091
up €4,091 (+10.5%), from €39,007 to €43,098
- Financial charges -€878
down €878 (-33.3%), from €2,633 to €1,756
of which Financial charges: -€734
- Taxes +€821
up €821, from -€0 to €821
- Gross operating margin +€821
up €821 (+5.2%), from €15,845 to €16,665
- Other operating charges -€336
down €336 (-35.4%), from €949 to €613
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 | €349,779 | €318,457 | -€31,323 | -9.0% |
| Fixed assets | 21/28 | €139,681 | €130,727 | -€8,954 | -6.4% |
| Tangible fixed assets | 22/27 | €139,181 | €130,227 | -€8,954 | -6.4% |
| Land and buildings | 22 | €86,577 | €83,177 | -€3,400 | -3.9% |
| Plant, machinery and equipment | 23 | €37,977 | €33,893 | -€4,084 | -10.8% |
| Furniture and vehicles | 24 | €2,460 | €990 | -€1,470 | -59.7% |
| Assets under construction and advance payments | 27 | €12,166 | €12,166 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €210,099 | €187,730 | -€22,369 | -10.6% |
| Amounts receivable within one year | 40/41 | €175,792 | €130,308 | -€45,484 | -25.9% |
| Trade receivables | 40 | €156,712 | €112,235 | -€44,477 | -28.4% |
| Other amounts receivable | 41 | €19,080 | €18,073 | -€1,007 | -5.3% |
| Cash at bank and in hand | 54/58 | €34,307 | €57,422 | +€23,115 | +67.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €349,779 | €318,457 | -€31,323 | -9.0% |
| Equity | 10/15 | €238,728 | €240,745 | +€2,018 | +0.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €228,154 | €228,154 | = | 0.0% |
| Distributable reserves | 133 | €228,154 | €228,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | €574 | €2,591 | +€2,018 | +352% |
| Amounts payable | 17/49 | €111,052 | €77,712 | -€33,340 | -30.0% |
| Amounts payable after more than one year | 17 | €70,319 | €63,934 | -€6,385 | -9.1% |
| Financial debts | 170/4 | €70,319 | €63,934 | -€6,385 | -9.1% |
| Amounts payable within one year | 42/48 | €40,732 | €13,777 | -€26,955 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €14,408 | €7,028 | -€7,380 | -51.2% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €1,219 | +€1,219 | |
| Taxes | 450/3 | €0 | €1,219 | +€1,219 | |
| Other amounts payable | 47/48 | €26,325 | €5,530 | -€20,794 | -79.0% |
| Non-recurring operating income | 76A | €0 | €9,196 | +€9,196 | +91,961,500% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,007 | €43,098 | +€4,091 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,689 | €11,454 | -€235 | -2.0% |
| Other operating charges | 640/8 | €949 | €613 | -€336 | -35.4% |
| Non-recurring operating charges | 66A | €0 | €5 | +€5 | +45,000% |
| Gross operating margin | 9900 | €15,845 | €16,665 | +€821 | +5.2% |
| Operating profit (loss) | 9901 | €3,207 | €4,594 | +€1,387 | +43.3% |
| Financial charges | 65/66B | €2,633 | €1,756 | -€878 | -33.3% |
| Recurring financial charges | 65 | €2,489 | €1,756 | -€734 | -29.5% |
| Non-recurring financial charges | 66B | €144 | - | -€144 | |
| Profit (loss) for the period before taxes | 9903 | €574 | €2,839 | +€2,265 | +395% |
| Income taxes | 67/77 | -€0 | €821 | +€821 | |
| Profit (loss) for the period | 9904 | €574 | €2,018 | +€1,444 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €574 | €2,018 | +€1,444 | +252% |
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 26 October 2026 via checked.be.