INFRANEO: 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.
INFRANEO
Largest movements
- Deferred charges and accrued income +€374,999
up €374,999 (+6,884%), from €5,448 to €380,446
- Receivables within one year -€299,982
down €299,982 (-53.7%), from €558,506 to €258,524
of which Trade receivables: -€302,068
- Cash +€126,684
up €126,684 (+60.4%), from €209,654 to €336,338
mainly Receivables within one year (+€299,982) and Net result for the year (+€230,461)
- Tax, wage and social debts +€88,478
up €88,478 (+99.1%), from €89,239 to €177,716
of which Taxes: +€50,385
- Other debts +€50,000
up €50,000 (+23.0%), from €217,394 to €267,394
- Profit (loss) carried forward +€30,461
up €30,461 (+20.0%), from €152,104 to €182,565
- Trade debts +€18,197
up €18,197 (+4.9%), from €367,761 to €385,959
- Accrued charges and deferred income +€14,656
new in 2025: €14,656
- Gross operating margin +€305,836
up €305,836 (+43.5%), from €702,521 to €1.0m
- Staff costs +€187,119
up €187,119 (+40.5%), from €461,864 to €648,983
- Taxes +€29,914
up €29,914 (+52.7%), from €56,799 to €86,713
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 | €848,981 | €1,059,798 | +€210,817 | +24.8% |
| Fixed assets | 21/28 | €75,374 | €84,489 | +€9,116 | +12.1% |
| Tangible fixed assets | 22/27 | €70,887 | €80,002 | +€9,116 | +12.9% |
| Plant, machinery and equipment | 23 | €41,356 | €42,272 | +€916 | +2.2% |
| Furniture and vehicles | 24 | €29,530 | €37,730 | +€8,200 | +27.8% |
| Financial fixed assets | 28 | €4,487 | €4,487 | = | 0.0% |
| Current assets | 29/58 | €773,608 | €975,309 | +€201,701 | +26.1% |
| Amounts receivable within one year | 40/41 | €558,506 | €258,524 | -€299,982 | -53.7% |
| Trade receivables | 40 | €550,624 | €248,556 | -€302,068 | -54.9% |
| Other amounts receivable | 41 | €7,882 | €9,968 | +€2,086 | +26.5% |
| Cash at bank and in hand | 54/58 | €209,654 | €336,338 | +€126,684 | +60.4% |
| Deferred charges and accrued income | 490/1 | €5,448 | €380,446 | +€374,999 | +6,884% |
| Total equity and liabilities | 10/49 | €848,981 | €1,059,798 | +€210,817 | +24.8% |
| Equity | 10/15 | €152,104 | €182,565 | +€30,461 | +20.0% |
| Profit (loss) carried forward | 14 | €152,104 | €182,565 | +€30,461 | +20.0% |
| Amounts payable | 17/49 | €696,878 | €877,233 | +€180,356 | +25.9% |
| Amounts payable after more than one year | 17 | €11,889 | €16,684 | +€4,795 | +40.3% |
| Financial debts | 170/4 | €11,889 | €16,684 | +€4,795 | +40.3% |
| Amounts payable within one year | 42/48 | €684,988 | €845,893 | +€160,904 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €10,594 | €14,823 | +€4,230 | +39.9% |
| Trade debts | 44 | €367,761 | €385,959 | +€18,197 | +4.9% |
| Suppliers | 440/4 | €367,761 | €385,959 | +€18,197 | +4.9% |
| Taxes, remuneration and social security | 45 | €89,239 | €177,716 | +€88,478 | +99.1% |
| Taxes | 450/3 | €29,609 | €79,994 | +€50,385 | +170% |
| Remuneration and social security | 454/9 | €59,630 | €97,722 | +€38,093 | +63.9% |
| Other amounts payable | 47/48 | €217,394 | €267,394 | +€50,000 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €14,656 | +€14,656 | |
| Remuneration, social security and pensions | 62 | €461,864 | €648,983 | +€187,119 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,262 | €37,565 | +€7,303 | +24.1% |
| Other operating charges | 640/8 | €812 | €631 | -€180 | -22.2% |
| Gross operating margin | 9900 | €702,521 | €1,008,356 | +€305,836 | +43.5% |
| Operating profit (loss) | 9901 | €209,583 | €321,177 | +€111,594 | +53.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €3,398 | €4,003 | +€604 | +17.8% |
| Recurring financial charges | 65 | €3,398 | €4,003 | +€604 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €206,186 | €317,175 | +€110,989 | +53.8% |
| Income taxes | 67/77 | €56,799 | €86,713 | +€29,914 | +52.7% |
| Profit (loss) for the period | 9904 | €149,387 | €230,461 | +€81,074 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,387 | €230,461 | +€81,074 | +54.3% |
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 16 October 2026 via checked.be.