INFRAKEMPEN: what changed
Two fiscal 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.
INFRAKEMPEN
Largest movements
- Tangible fixed assets -€34,619
down €34,619 (-2.4%), from €1.5m to €1.4m
- Debts after one year -€106,421
down €106,421 (-10.1%), from €1.1m to €943,919
- Reserves +€55,226
up €55,226 (+39.0%), from €141,646 to €196,872
- Financial charges +€13,520
up €13,520 (+51.7%), from €26,170 to €39,690
- Taxes -€4,192
down €4,192 (-17.3%), from €24,296 to €20,104
- Gross operating margin -€3,023
down €3,023 (-1.7%), from €173,213 to €170,190
- Provisions -€3,000
no longer reported in 2025 (was €3,000)
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.
Cash bridge derived
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 | €2,412,970 | €2,378,213 | -€34,757 | -1.4% |
| Fixed assets | 21/28 | €2,412,459 | €2,377,840 | -€34,619 | -1.4% |
| Tangible fixed assets | 22/27 | €1,462,459 | €1,427,840 | -€34,619 | -2.4% |
| Other tangible fixed assets | 26 | €1,462,459 | €1,427,840 | -€34,619 | -2.4% |
| Financial fixed assets | 28 | €950,000 | €950,000 | = | 0.0% |
| Current assets | 29/58 | €511 | €373 | -€138 | -27.1% |
| Cash at bank and in hand | 54/58 | €511 | €373 | -€138 | -27.1% |
| Total equity and liabilities | 10/49 | €2,412,970 | €2,378,213 | -€34,757 | -1.4% |
| Equity | 10/15 | €141,647 | €196,873 | +€55,226 | +39.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €141,646 | €196,872 | +€55,226 | +39.0% |
| Distributable reserves | 133 | €141,646 | €196,872 | +€55,226 | +39.0% |
| Provisions and deferred taxes | 16 | €53,000 | €53,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €53,000 | €53,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,218,323 | €2,128,340 | -€89,983 | -4.1% |
| Amounts payable after more than one year | 17 | €1,050,340 | €943,919 | -€106,421 | -10.1% |
| Financial debts | 170/4 | €1,050,340 | €943,919 | -€106,421 | -10.1% |
| Amounts payable within one year | 42/48 | €1,167,983 | €1,184,421 | +€16,438 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €105,477 | €106,421 | +€944 | +0.9% |
| Trade debts | 44 | - | €245 | +€245 | |
| Suppliers | 440/4 | - | €245 | +€245 | |
| Taxes, remuneration and social security | 45 | €35,395 | €44,399 | +€9,004 | +25.4% |
| Taxes | 450/3 | €35,395 | €44,399 | +€9,004 | +25.4% |
| Other amounts payable | 47/48 | €1,027,111 | €1,033,355 | +€6,245 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,619 | €34,619 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,000 | - | -€3,000 | |
| Other operating charges | 640/8 | €20,709 | €20,597 | -€113 | -0.5% |
| Gross operating margin | 9900 | €173,213 | €170,190 | -€3,023 | -1.7% |
| Operating profit (loss) | 9901 | €114,885 | €114,974 | +€90 | +0.1% |
| Financial income | 75/76B | €444 | €45 | -€399 | -89.9% |
| Recurring financial income | 75 | €444 | €45 | -€399 | -89.9% |
| Financial charges | 65/66B | €26,170 | €39,690 | +€13,520 | +51.7% |
| Recurring financial charges | 65 | €26,170 | €39,690 | +€13,520 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €89,159 | €75,329 | -€13,830 | -15.5% |
| Income taxes | 67/77 | €24,296 | €20,104 | -€4,192 | -17.3% |
| Profit (loss) for the period | 9904 | €64,863 | €55,226 | -€9,638 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,863 | €55,226 | -€9,638 | -14.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.