INFRACO: 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.
INFRACO
Largest movements
- Receivables within one year -€300,509
down €300,509 (-60.8%), from €494,499 to €193,990
of which Other amounts receivable: -€210,487
- Tangible fixed assets -€118,926
down €118,926 (-7.1%), from €1.7m to €1.5m
of which Land and buildings: -€110,857
- Cash +€50,586
up €50,586 (+1,030%), from €4,911 to €55,497
mainly Receivables within one year (+€300,509) and Depreciation (+€182,518)
- Other debts -€206,672
no longer reported in 2023 (was €206,672)
- Reserves -€122,372
down €122,372 (-21.6%), from €565,594 to €443,223
of which Distributable reserves: -€122,372
- Debts after one year -€116,232
down €116,232 (-9.1%), from €1.3m to €1.2m
- Profit (loss) carried forward +€65,086
no longer reported in 2023 (was -€65,086)
- Tax, wage and social debts +€48,308
up €48,308 (+982%), from €4,918 to €53,226
- Gross operating margin +€38,897
up €38,897 (+30.3%), from €128,397 to €167,294
- Financial income -€15,538
down €15,538 (-88.1%), from €17,633 to €2,095
- Financial charges +€7,903
up €7,903 (+29.5%), from €26,770 to €34,672
- Depreciation +€4,125
up €4,125 (+2.3%), from €178,392 to €182,518
- Other operating charges +€3,530
up €3,530 (+59.3%), from €5,954 to €9,484
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,187,226 | €1,807,887 | -€379,339 | -17.3% |
| Fixed assets | 21/28 | €1,665,554 | €1,546,628 | -€118,926 | -7.1% |
| Tangible fixed assets | 22/27 | €1,665,454 | €1,546,528 | -€118,926 | -7.1% |
| Land and buildings | 22 | €1,596,953 | €1,486,096 | -€110,857 | -6.9% |
| Plant, machinery and equipment | 23 | €839 | €3,938 | +€3,098 | +369% |
| Furniture and vehicles | 24 | €67,662 | €56,494 | -€11,167 | -16.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €521,672 | €261,259 | -€260,413 | -49.9% |
| Stocks and contracts in progress | 3 | - | €2,295 | +€2,295 | |
| Stocks | 30/36 | - | €2,295 | +€2,295 | |
| Amounts receivable within one year | 40/41 | €494,499 | €193,990 | -€300,509 | -60.8% |
| Trade receivables | 40 | €122,820 | €32,798 | -€90,023 | -73.3% |
| Other amounts receivable | 41 | €371,679 | €161,192 | -€210,487 | -56.6% |
| Cash at bank and in hand | 54/58 | €4,911 | €55,497 | +€50,586 | +1,030% |
| Deferred charges and accrued income | 490/1 | €22,263 | €9,478 | -€12,785 | -57.4% |
| Total equity and liabilities | 10/49 | €2,187,226 | €1,807,887 | -€379,339 | -17.3% |
| Equity | 10/15 | €519,108 | €461,823 | -€57,286 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €565,594 | €443,223 | -€122,372 | -21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €563,734 | €441,363 | -€122,372 | -21.7% |
| Profit (loss) carried forward | 14 | -€65,086 | - | +€65,086 | |
| Amounts payable | 17/49 | €1,668,118 | €1,346,065 | -€322,053 | -19.3% |
| Amounts payable after more than one year | 17 | €1,280,312 | €1,164,080 | -€116,232 | -9.1% |
| Financial debts | 170/4 | €1,280,312 | €1,164,080 | -€116,232 | -9.1% |
| Amounts payable within one year | 42/48 | €387,806 | €181,985 | -€205,821 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €118,968 | €115,703 | -€3,266 | -2.7% |
| Trade debts | 44 | €57,248 | €13,056 | -€44,192 | -77.2% |
| Suppliers | 440/4 | €57,248 | €13,056 | -€44,192 | -77.2% |
| Taxes, remuneration and social security | 45 | €4,918 | €53,226 | +€48,308 | +982% |
| Taxes | 450/3 | €4,918 | €53,226 | +€48,308 | +982% |
| Other amounts payable | 47/48 | €206,672 | - | -€206,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,392 | €182,518 | +€4,125 | +2.3% |
| Other operating charges | 640/8 | €5,954 | €9,484 | +€3,530 | +59.3% |
| Gross operating margin | 9900 | €128,397 | €167,294 | +€38,897 | +30.3% |
| Operating profit (loss) | 9901 | -€55,949 | -€24,708 | +€31,241 | +55.8% |
| Financial income | 75/76B | €17,633 | €2,095 | -€15,538 | -88.1% |
| Recurring financial income | 75 | €17,633 | €2,095 | -€15,538 | -88.1% |
| Financial charges | 65/66B | €26,770 | €34,672 | +€7,903 | +29.5% |
| Recurring financial charges | 65 | €26,770 | €34,672 | +€7,903 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€65,086 | -€57,286 | +€7,801 | +12.0% |
| Profit (loss) for the period | 9904 | -€65,086 | -€57,286 | +€7,801 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,086 | -€57,286 | +€7,801 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.