INFRALIGNA: 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.
INFRALIGNA
Largest movements
- Tangible fixed assets -€159,152
down €159,152 (-43.8%), from €363,570 to €204,418
of which Land and buildings: -€148,679
- Cash +€143,723
up €143,723 (+140.3%), from €102,436 to €246,159
mainly Investment in fixed assets (net) (+€132,814) and Net result for the year (+€65,497)
- Stocks and contracts -€15,774
down €15,774 (-11.9%), from €132,362 to €116,588
- Debts after one year -€44,331
down €44,331 (-21.6%), from €205,495 to €161,164
- Short-term financial debts -€40,000
down €40,000 (-32.0%), from €125,000 to €85,000
- Other debts +€38,017
up €38,017 (+272.4%), from €13,955 to €51,971
- Tax, wage and social debts +€15,593
up €15,593 (+1888.0%), from €826 to €16,419
- Trade debts -€15,526
down €15,526 (-73.7%), from €21,079 to €5,553
- Gross operating margin +€68,323
up €68,323 (+99.7%), from €68,514 to €136,836
- Taxes +€21,503
up €21,503 (+462.2%), from €4,652 to €26,156
- Financial charges -€5,280
down €5,280 (-26.1%), from €20,254 to €14,974
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 | €650,983 | €619,683 | -€31,300 | -4.8% |
| Fixed assets | 21/28 | €388,859 | €228,603 | -€160,257 | -41.2% |
| Intangible fixed assets | 21 | €24,239 | €23,135 | -€1,104 | -4.6% |
| Tangible fixed assets | 22/27 | €363,570 | €204,418 | -€159,152 | -43.8% |
| Land and buildings | 22 | €312,122 | €163,444 | -€148,679 | -47.6% |
| Plant, machinery and equipment | 23 | €2,951 | €1,764 | -€1,187 | -40.2% |
| Furniture and vehicles | 24 | €48,497 | €39,210 | -€9,287 | -19.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €262,124 | €391,080 | +€128,957 | +49.2% |
| Stocks and contracts in progress | 3 | €132,362 | €116,588 | -€15,774 | -11.9% |
| Stocks | 30/36 | €132,362 | €116,588 | -€15,774 | -11.9% |
| Amounts receivable within one year | 40/41 | €18,438 | €15,049 | -€3,390 | -18.4% |
| Trade receivables | 40 | €2,919 | €3,958 | +€1,039 | +35.6% |
| Other amounts receivable | 41 | €15,519 | €11,090 | -€4,429 | -28.5% |
| Cash at bank and in hand | 54/58 | €102,436 | €246,159 | +€143,723 | +140.3% |
| Deferred charges and accrued income | 490/1 | €8,887 | €13,285 | +€4,397 | +49.5% |
| Total equity and liabilities | 10/49 | €650,983 | €619,683 | -€31,300 | -4.8% |
| Equity | 10/15 | €238,608 | €252,134 | +€13,525 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €226,208 | €239,734 | +€13,525 | +6.0% |
| Distributable reserves | 133 | €226,208 | €239,734 | +€13,525 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €412,375 | €367,549 | -€44,825 | -10.9% |
| Amounts payable after more than one year | 17 | €205,495 | €161,164 | -€44,331 | -21.6% |
| Financial debts | 170/4 | €205,495 | €161,164 | -€44,331 | -21.6% |
| Amounts payable within one year | 42/48 | €206,880 | €206,385 | -€494 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €46,020 | €47,441 | +€1,422 | +3.1% |
| Financial debts | 43 | €125,000 | €85,000 | -€40,000 | -32.0% |
| Credit institutions | 430/8 | €125,000 | €85,000 | -€40,000 | -32.0% |
| Trade debts | 44 | €21,079 | €5,553 | -€15,526 | -73.7% |
| Suppliers | 440/4 | €21,079 | €5,553 | -€15,526 | -73.7% |
| Taxes, remuneration and social security | 45 | €826 | €16,419 | +€15,593 | +1888.0% |
| Taxes | 450/3 | €826 | €16,419 | +€15,593 | +1888.0% |
| Other amounts payable | 47/48 | €13,955 | €51,971 | +€38,017 | +272.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,038 | €27,443 | +€405 | +1.5% |
| Other operating charges | 640/8 | €3,236 | €4,129 | +€893 | +27.6% |
| Non-recurring operating charges | 66A | €441 | €0 | -€441 | -100.0% |
| Gross operating margin | 9900 | €68,514 | €136,836 | +€68,323 | +99.7% |
| Operating profit (loss) | 9901 | €37,798 | €105,265 | +€67,466 | +178.5% |
| Financial income | 75/76B | €1,062 | €1,361 | +€299 | +28.1% |
| Recurring financial income | 75 | €1,062 | €1,361 | +€299 | +28.1% |
| Financial charges | 65/66B | €20,254 | €14,974 | -€5,280 | -26.1% |
| Recurring financial charges | 65 | €20,254 | €14,974 | -€5,280 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €18,607 | €91,652 | +€73,045 | +392.6% |
| Income taxes | 67/77 | €4,652 | €26,156 | +€21,503 | +462.2% |
| Profit (loss) for the period | 9904 | €13,955 | €65,497 | +€51,542 | +369.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,955 | €65,497 | +€51,542 | +369.4% |
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 6 October 2026 via checked.be.