Infralab: 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.
Infralab
Largest movements
- Tangible fixed assets +€95,211
up €95,211 (+669%), from €14,223 to €109,434
of which Furniture and vehicles: +€92,144
- Receivables within one year +€15,075
up €15,075 (+109%), from €13,787 to €28,862
of which Other amounts receivable: +€14,129
- Cash -€6,329
down €6,329 (-26.4%), from €23,932 to €17,603
mainly Investment in fixed assets (net) (-€116,034) and Receivables within one year (-€15,075)
- Debts after one year +€52,418
new in 2025: €52,418
- Reserves +€23,303
up €23,303 (+84.3%), from €27,649 to €50,952
- Trade debts +€19,401
up €19,401 (+294%), from €6,602 to €26,003
- Current portion of long-term debt +€14,347
new in 2025: €14,347
- Other debts -€7,491
down €7,491 (-93.7%), from €7,992 to €501
- Gross operating margin +€12,177
up €12,177 (+26.3%), from €46,327 to €58,505
- Depreciation +€9,065
up €9,065 (+77.1%), from €11,758 to €20,823
- Financial charges +€4,034
up €4,034 (+1,427%), from €283 to €4,317
- Other operating charges -€1,378
down €1,378 (-92.1%), from €1,497 to €119
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 | €51,942 | €155,899 | +€103,957 | +200% |
| Fixed assets | 21/28 | €14,223 | €109,434 | +€95,211 | +669% |
| Tangible fixed assets | 22/27 | €14,223 | €109,434 | +€95,211 | +669% |
| Furniture and vehicles | 24 | €6,194 | €98,338 | +€92,144 | +1,488% |
| Other tangible fixed assets | 26 | €8,029 | €11,096 | +€3,068 | +38.2% |
| Current assets | 29/58 | €37,719 | €46,465 | +€8,746 | +23.2% |
| Amounts receivable within one year | 40/41 | €13,787 | €28,862 | +€15,075 | +109% |
| Trade receivables | 40 | €10,300 | €11,246 | +€946 | +9.2% |
| Other amounts receivable | 41 | €3,487 | €17,616 | +€14,129 | +405% |
| Cash at bank and in hand | 54/58 | €23,932 | €17,603 | -€6,329 | -26.4% |
| Total equity and liabilities | 10/49 | €51,942 | €155,899 | +€103,957 | +200% |
| Equity | 10/15 | €33,849 | €57,152 | +€23,303 | +68.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,649 | €50,952 | +€23,303 | +84.3% |
| Distributable reserves | 133 | €27,649 | €50,952 | +€23,303 | +84.3% |
| Amounts payable | 17/49 | €18,093 | €98,747 | +€80,654 | +446% |
| Amounts payable after more than one year | 17 | - | €52,418 | +€52,418 | |
| Financial debts | 170/4 | - | €52,418 | +€52,418 | |
| Amounts payable within one year | 42/48 | €18,093 | €40,880 | +€22,786 | +126% |
| Current portion of amounts payable after more than one year | 42 | - | €14,347 | +€14,347 | |
| Trade debts | 44 | €6,602 | €26,003 | +€19,401 | +294% |
| Suppliers | 440/4 | €6,602 | €26,003 | +€19,401 | +294% |
| Advances received on contracts in progress | 46 | €3,500 | - | -€3,500 | |
| Taxes, remuneration and social security | 45 | - | €28 | +€28 | |
| Taxes | 450/3 | - | €28 | +€28 | |
| Other amounts payable | 47/48 | €7,992 | €501 | -€7,491 | -93.7% |
| Accrued charges and deferred income | 492/3 | - | €5,450 | +€5,450 | |
| Non-recurring operating income | 76A | - | €20,607 | +€20,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,758 | €20,823 | +€9,065 | +77.1% |
| Other operating charges | 640/8 | €1,497 | €119 | -€1,378 | -92.1% |
| Gross operating margin | 9900 | €46,327 | €58,505 | +€12,177 | +26.3% |
| Operating profit (loss) | 9901 | €33,073 | €37,563 | +€4,490 | +13.6% |
| Financial income | 75/76B | €256 | €504 | +€248 | +96.7% |
| Recurring financial income | 75 | €256 | €504 | +€248 | +96.7% |
| Financial charges | 65/66B | €283 | €4,317 | +€4,034 | +1,427% |
| Recurring financial charges | 65 | €283 | €4,317 | +€4,034 | +1,427% |
| Profit (loss) for the period before taxes | 9903 | €33,046 | €33,750 | +€703 | +2.1% |
| Income taxes | 67/77 | €10,545 | €10,447 | -€98 | -0.9% |
| Profit (loss) for the period | 9904 | €22,502 | €23,303 | +€801 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,502 | €23,303 | +€801 | +3.6% |
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.