INFRAMASTERS: 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.
INFRAMASTERS
Largest movements
- Cash +€54,029
up €54,029 (+70.9%), from €76,165 to €130,194
mainly Net result for the year (+€66,434) and Depreciation (+€1,775)
- Receivables within one year +€10,131
up €10,131 (+46.6%), from €21,756 to €31,887
- Tangible fixed assets +€3,029
up €3,029 (+105%), from €2,889 to €5,919
- Profit (loss) carried forward +€66,434
up €66,434 (+90.2%), from €73,653 to €140,087
- Gross operating margin -€8,725
down €8,725 (-9.3%), from €94,217 to €85,491
- Taxes -€1,589
down €1,589 (-8.5%), from €18,640 to €17,050
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 | €101,479 | €168,836 | +€67,357 | +66.4% |
| Fixed assets | 21/28 | €2,889 | €5,919 | +€3,029 | +105% |
| Tangible fixed assets | 22/27 | €2,889 | €5,919 | +€3,029 | +105% |
| Furniture and vehicles | 24 | €2,889 | €5,919 | +€3,029 | +105% |
| Current assets | 29/58 | €98,590 | €162,917 | +€64,327 | +65.2% |
| Stocks and contracts in progress | 3 | €669 | €836 | +€168 | +25.0% |
| Stocks | 30/36 | €669 | €836 | +€168 | +25.0% |
| Amounts receivable within one year | 40/41 | €21,756 | €31,887 | +€10,131 | +46.6% |
| Trade receivables | 40 | €21,756 | €31,887 | +€10,131 | +46.6% |
| Cash at bank and in hand | 54/58 | €76,165 | €130,194 | +€54,029 | +70.9% |
| Total equity and liabilities | 10/49 | €101,479 | €168,836 | +€67,357 | +66.4% |
| Equity | 10/15 | €76,653 | €143,087 | +€66,434 | +86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,653 | €140,087 | +€66,434 | +90.2% |
| Amounts payable | 17/49 | €24,826 | €25,748 | +€923 | +3.7% |
| Amounts payable within one year | 42/48 | €24,826 | €25,748 | +€923 | +3.7% |
| Trade debts | 44 | €348 | €973 | +€625 | +180% |
| Suppliers | 440/4 | €348 | €973 | +€625 | +180% |
| Taxes, remuneration and social security | 45 | €24,478 | €24,727 | +€248 | +1.0% |
| Taxes | 450/3 | €24,478 | €24,127 | -€352 | -1.4% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,909 | €1,775 | -€135 | -7.1% |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | €94,217 | €85,491 | -€8,725 | -9.3% |
| Operating profit (loss) | 9901 | €92,307 | €83,529 | -€8,778 | -9.5% |
| Financial income | 75/76B | €1 | €8 | +€7 | +741% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +741% |
| Financial charges | 65/66B | €15 | €53 | +€37 | +241% |
| Recurring financial charges | 65 | €15 | €53 | +€37 | +241% |
| Profit (loss) for the period before taxes | 9903 | €92,293 | €83,485 | -€8,808 | -9.5% |
| Income taxes | 67/77 | €18,640 | €17,050 | -€1,589 | -8.5% |
| Profit (loss) for the period | 9904 | €73,653 | €66,434 | -€7,219 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,653 | €66,434 | -€7,219 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.