INFRAROUGE: what changed
INFRAROUGE
Largest movements
- Cash +€240,605
up €240,605 (+108%), from €222,960 to €463,565
mainly Investment in fixed assets (net) (+€220,000) and Net result for the year (+€75,873)
- Financial fixed assets -€220,000
down €220,000 (-95.7%), from €230,000 to €10,000
- Reserves +€70,000
up €70,000 (+23.1%), from €303,000 to €373,000
of which Distributable reserves: +€70,000
- Profit (loss) carried forward -€54,127
down €54,127 (-31.1%), from €174,053 to €119,925
- Financial income +€8,676
up €8,676 (+240%), from €3,620 to €12,296
of which Financial income: +€8,276
- Gross operating margin +€8,159
up €8,159 (+8.6%), from €94,549 to €102,708
- Taxes +€6,611
up €6,611 (+23.5%), from €28,089 to €34,700
- Purchases and services -€5,724
down €5,724 (-5.0%), from €115,344 to €109,620
- Depreciation -€5,185
down €5,185 (-97.7%), from €5,307 to €121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,111 | €590,664 | +€21,553 | +3.8% |
| Fixed assets | 21/28 | €230,334 | €10,213 | -€220,121 | -95.6% |
| Tangible fixed assets | 22/27 | €334 | €213 | -€121 | -36.4% |
| Furniture and vehicles | 24 | - | €213 | +€213 | |
| Other tangible fixed assets | 26 | €334 | - | -€334 | |
| Financial fixed assets | 28 | €230,000 | €10,000 | -€220,000 | -95.7% |
| Current assets | 29/58 | €338,777 | €580,452 | +€241,674 | +71.3% |
| Stocks and contracts in progress | 3 | €51,043 | €49,723 | -€1,319 | -2.6% |
| Stocks | 30/36 | €51,043 | €49,723 | -€1,319 | -2.6% |
| Amounts receivable within one year | 40/41 | €64,774 | €67,163 | +€2,389 | +3.7% |
| Trade receivables | 40 | €24,000 | €28,874 | +€4,874 | +20.3% |
| Other amounts receivable | 41 | €40,774 | €38,289 | -€2,485 | -6.1% |
| Cash at bank and in hand | 54/58 | €222,960 | €463,565 | +€240,605 | +108% |
| Total equity and liabilities | 10/49 | €569,111 | €590,664 | +€21,553 | +3.8% |
| Equity | 10/15 | €539,049 | €554,922 | +€15,873 | +2.9% |
| Contributions | 10/11 | €61,997 | €61,997 | = | 0.0% |
| Capital | 10 | €61,997 | €61,997 | = | 0.0% |
| Issued capital | 100 | €61,997 | €61,997 | = | 0.0% |
| Reserves | 13 | €303,000 | €373,000 | +€70,000 | +23.1% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €289,000 | €359,000 | +€70,000 | +24.2% |
| Profit (loss) carried forward | 14 | €174,053 | €119,925 | -€54,127 | -31.1% |
| Amounts payable | 17/49 | €30,062 | €35,742 | +€5,680 | +18.9% |
| Amounts payable within one year | 42/48 | €30,062 | €35,742 | +€5,680 | +18.9% |
| Trade debts | 44 | €215 | €294 | +€79 | +36.9% |
| Suppliers | 440/4 | €215 | €294 | +€79 | +36.9% |
| Taxes, remuneration and social security | 45 | €29,847 | €35,448 | +€5,601 | +18.8% |
| Taxes | 450/3 | €29,847 | €35,448 | +€5,601 | +18.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,344 | €109,620 | -€5,724 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,307 | €121 | -€5,185 | -97.7% |
| Other operating charges | 640/8 | €2,841 | €3,212 | +€371 | +13.1% |
| Gross operating margin | 9900 | €94,549 | €102,708 | +€8,159 | +8.6% |
| Operating profit (loss) | 9901 | €86,401 | €99,374 | +€12,973 | +15.0% |
| Financial income | 75/76B | €3,620 | €12,296 | +€8,676 | +240% |
| Recurring financial income | 75 | €3,620 | €11,896 | +€8,276 | +229% |
| Non-recurring financial income | 76B | €3,620 | €400 | -€3,220 | -89.0% |
| Financial charges | 65/66B | €1,048 | €1,098 | +€50 | +4.8% |
| Recurring financial charges | 65 | €1,048 | €1,098 | +€50 | +4.8% |
| Non-recurring financial charges | 66B | €1,048 | - | -€1,048 | |
| Profit (loss) for the period before taxes | 9903 | €88,973 | €110,572 | +€21,599 | +24.3% |
| Income taxes | 67/77 | €28,089 | €34,700 | +€6,611 | +23.5% |
| Profit (loss) for the period | 9904 | €60,885 | €75,873 | +€14,988 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,885 | €75,873 | +€14,988 | +24.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.