INFRALEC: 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.
INFRALEC
Largest movements
- Cash -€23,323
down €23,323 (-52.5%), from €44,386 to €21,063
mainly Investment in fixed assets (net) (-€24,188) and Other debts (-€13,432)
- Receivables within one year +€12,443
new in 2025: €12,443
of which Trade receivables: +€11,943
- Tangible fixed assets +€5,044
up €5,044 (+11.1%), from €45,367 to €50,411
of which Plant, machinery and equipment: +€9,589
- Deferred charges and accrued income -€3,904
down €3,904 (-26.0%), from €15,000 to €11,096
- Other debts -€13,432
down €13,432 (-71.0%), from €18,911 to €5,479
- Debts after one year -€11,089
no longer reported in 2025 (was €11,089)
- Reserves +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Profit (loss) carried forward +€8,533
up €8,533 (+31.8%), from €26,805 to €35,338
- Tax, wage and social debts -€3,446
down €3,446 (-29.4%), from €11,720 to €8,275
- Depreciation +€4,808
up €4,808 (+33.5%), from €14,335 to €19,143
- Taxes -€1,199
down €1,199 (-15.6%), from €7,711 to €6,512
- Financial charges +€755
up €755 (+71.6%), from €1,054 to €1,808
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 | €104,753 | €95,013 | -€9,740 | -9.3% |
| Fixed assets | 21/28 | €45,367 | €50,411 | +€5,044 | +11.1% |
| Tangible fixed assets | 22/27 | €45,367 | €50,411 | +€5,044 | +11.1% |
| Plant, machinery and equipment | 23 | €4,457 | €14,046 | +€9,589 | +215.1% |
| Furniture and vehicles | 24 | €9,743 | €15,503 | +€5,760 | +59.1% |
| Leasing and similar rights | 25 | €31,166 | €20,862 | -€10,304 | -33.1% |
| Current assets | 29/58 | €59,386 | €44,602 | -€14,784 | -24.9% |
| Amounts receivable within one year | 40/41 | - | €12,443 | +€12,443 | |
| Trade receivables | 40 | - | €11,943 | +€11,943 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €44,386 | €21,063 | -€23,323 | -52.5% |
| Deferred charges and accrued income | 490/1 | €15,000 | €11,096 | -€3,904 | -26.0% |
| Total equity and liabilities | 10/49 | €104,753 | €95,013 | -€9,740 | -9.3% |
| Equity | 10/15 | €46,925 | €65,458 | +€18,533 | +39.5% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €26,805 | €35,338 | +€8,533 | +31.8% |
| Amounts payable | 17/49 | €57,828 | €29,555 | -€28,273 | -48.9% |
| Amounts payable after more than one year | 17 | €11,089 | - | -€11,089 | |
| Financial debts | 170/4 | €11,089 | - | -€11,089 | |
| Amounts payable within one year | 42/48 | €46,739 | €28,610 | -€18,129 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €13,804 | €11,089 | -€2,715 | -19.7% |
| Trade debts | 44 | €2,304 | €3,768 | +€1,464 | +63.6% |
| Suppliers | 440/4 | €2,304 | €3,768 | +€1,464 | +63.6% |
| Taxes, remuneration and social security | 45 | €11,720 | €8,275 | -€3,446 | -29.4% |
| Taxes | 450/3 | €11,720 | €8,275 | -€3,446 | -29.4% |
| Other amounts payable | 47/48 | €18,911 | €5,479 | -€13,432 | -71.0% |
| Accrued charges and deferred income | 492/3 | - | €945 | +€945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,335 | €19,143 | +€4,808 | +33.5% |
| Other operating charges | 640/8 | €1,796 | €2,246 | +€450 | +25.0% |
| Gross operating margin | 9900 | €48,704 | €48,242 | -€462 | -0.9% |
| Operating profit (loss) | 9901 | €32,572 | €26,853 | -€5,720 | -17.6% |
| Financial charges | 65/66B | €1,054 | €1,808 | +€755 | +71.6% |
| Recurring financial charges | 65 | €1,054 | €1,808 | +€755 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €31,519 | €25,044 | -€6,474 | -20.5% |
| Income taxes | 67/77 | €7,711 | €6,512 | -€1,199 | -15.6% |
| Profit (loss) for the period | 9904 | €23,808 | €18,533 | -€5,275 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,808 | €18,533 | -€5,275 | -22.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.