INFRALINE: 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.
INFRALINE
Largest movements
- Cash +€31,453
new in 2025: €31,453
mainly Net result for the year (+€45,804) and Tax, wage and social debts (+€14,374)
- Receivables within one year +€22,973
up €22,973 (+4,679%), from €491 to €23,464
of which Trade receivables: +€16,678
- Tangible fixed assets +€5,384
up €5,384 (+315%), from €1,712 to €7,096
of which Plant, machinery and equipment: +€2,947
- Reserves +€44,930
new in 2025: €44,930
- Tax, wage and social debts +€14,374
up €14,374 (+4,054%), from €355 to €14,729
- Trade debts +€1,599
up €1,599 (+245%), from €652 to €2,251
- Other debts -€1,502
no longer reported in 2025 (was €1,502)
- Profit (loss) carried forward +€874
no longer reported in 2025 (was -€874)
- Gross operating margin +€54,560
up €54,560 (+866%), from €6,301 to €60,861
- Taxes +€12,224
up €12,224 (+5,708%), from €214 to €12,438
- Other operating charges +€956
new in 2025: €956
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 | €2,203 | €62,410 | +€60,207 | +2,733% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,712 | €7,096 | +€5,384 | +315% |
| Tangible fixed assets | 22/27 | €1,712 | €7,096 | +€5,384 | +315% |
| Plant, machinery and equipment | 23 | €1,463 | €4,411 | +€2,947 | +201% |
| Furniture and vehicles | 24 | €249 | €2,685 | +€2,437 | +980% |
| Current assets | 29/58 | €491 | €55,314 | +€54,823 | +11,167% |
| Amounts receivable within one year | 40/41 | €491 | €23,464 | +€22,973 | +4,679% |
| Trade receivables | 40 | €144 | €16,822 | +€16,678 | +11,567% |
| Other amounts receivable | 41 | €347 | €6,642 | +€6,295 | +1,815% |
| Cash at bank and in hand | 54/58 | - | €31,453 | +€31,453 | |
| Deferred charges and accrued income | 490/1 | - | €398 | +€398 | |
| Total equity and liabilities | 10/49 | €2,203 | €62,410 | +€60,207 | +2,733% |
| Equity | 10/15 | -€374 | €45,430 | +€45,804 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €44,930 | +€44,930 | |
| Distributable reserves | 133 | - | €44,930 | +€44,930 | |
| Profit (loss) carried forward | 14 | -€874 | - | +€874 | |
| Amounts payable | 17/49 | €2,577 | €16,980 | +€14,403 | +559% |
| Amounts payable within one year | 42/48 | €2,577 | €16,980 | +€14,403 | +559% |
| Financial debts | 43 | €69 | - | -€69 | |
| Credit institutions | 430/8 | €69 | - | -€69 | |
| Trade debts | 44 | €652 | €2,251 | +€1,599 | +245% |
| Suppliers | 440/4 | €652 | €2,251 | +€1,599 | +245% |
| Taxes, remuneration and social security | 45 | €355 | €14,729 | +€14,374 | +4,054% |
| Taxes | 450/3 | €355 | €14,729 | +€14,374 | +4,054% |
| Other amounts payable | 47/48 | €1,502 | - | -€1,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393 | €1,585 | +€192 | +13.8% |
| Other operating charges | 640/8 | - | €956 | +€956 | |
| Gross operating margin | 9900 | €6,301 | €60,861 | +€54,560 | +866% |
| Operating profit (loss) | 9901 | €4,908 | €58,319 | +€53,412 | +1,088% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €286 | €77 | -€210 | -73.2% |
| Recurring financial charges | 65 | €286 | €77 | -€210 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €4,629 | €58,242 | +€53,613 | +1,158% |
| Income taxes | 67/77 | €214 | €12,438 | +€12,224 | +5,708% |
| Profit (loss) for the period | 9904 | €4,415 | €45,804 | +€41,390 | +938% |
| Profit (loss) for the period to be appropriated | 9905 | €4,415 | €45,804 | +€41,390 | +938% |
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 17 October 2026 via checked.be.