INFRASIGNA: what changed
What changed
INFRASIGNA
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€95,272
2024 · €56,645+€38,628
Equity
€52,431
2024 · -€42,841+€95,272
Cash
€94,390
2024 · €57,030+€37,360
Balance sheet total
€985,028
2024 · €1.0m-€40,486
Largest movements
Assets
- Receivables within one year -€50,920
down €50,920 (-38.4%), from €132,536 to €81,616
of which Trade receivables: -€50,811
- Cash +€37,360
up €37,360 (+65.5%), from €57,030 to €94,390
mainly Net result for the year (+€95,272) and Depreciation (+€60,831)
- Tangible fixed assets -€35,498
down €35,498 (-5.6%), from €634,070 to €598,573
of which Furniture and vehicles: -€45,687
- Stocks and contracts +€25,983
up €25,983 (+26.5%), from €98,041 to €124,023
- Intangible fixed assets -€20,700
down €20,700 (-20.0%), from €103,500 to €82,800
Equity and liabilities
- Trade debts -€69,640
down €69,640 (-53.1%), from €131,193 to €61,553
- Profit (loss) carried forward +€65,272
up €65,272, from -€62,841 to €2,431
- Other debts -€57,714
down €57,714 (-10.8%), from €534,355 to €476,641
- Reserves +€30,000
new in 2025: €30,000
Income statement
- Gross operating margin +€39,945
up €39,945 (+20.4%), from €195,561 to €235,505
- Depreciation -€16,471
down €16,471 (-21.3%), from €77,302 to €60,831
- Staff costs +€2,961
up €2,961 (+6.0%), from €49,042 to €52,003
- Financial income -€2,791
down €2,791 (-89.4%), from €3,121 to €330
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.
Result 2024
€56,645
Gross operating margin
+€39,945
Staff costs
-€2,961
Depreciation
+€16,471
Other operating charges
+€1,017
Other operating items
-€11,433
Financial income
-€2,791
Financial charges
-€659
Taxes
-€959
Result 2025
€95,272
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€51,633
Investment
-€4,634
Financing
-€9,640
Cash 2024
€57,030
From operations (derived)
+€51,633
Net result for the year
+€95,272
Depreciation
+€60,831
Stocks and contracts
-€25,983
Receivables within one year
+€50,920
Deferred charges and accrued income
-€3,289
Trade debts
-€69,640
Tax, wage and social debts
+€1,236
Other debts
-€57,714
Investment (derived)
-€4,634
Investment in fixed assets (net)
-€4,634
Financing
-€9,640
Debts after one year
-€6,766
Current portion of long-term debt
-€2,874
Cash 2025
€94,390
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,025,515 | €985,028 | -€40,486 | -3.9% |
| Fixed assets | 21/28 | €737,770 | €681,573 | -€56,198 | -7.6% |
| Intangible fixed assets | 21 | €103,500 | €82,800 | -€20,700 | -20.0% |
| Tangible fixed assets | 22/27 | €634,070 | €598,573 | -€35,498 | -5.6% |
| Land and buildings | 22 | €540,799 | €518,035 | -€22,763 | -4.2% |
| Plant, machinery and equipment | 23 | €37,707 | €36,119 | -€1,588 | -4.2% |
| Furniture and vehicles | 24 | €55,565 | €9,877 | -€45,687 | -82.2% |
| Leasing and similar rights | 25 | - | €34,541 | +€34,541 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €287,744 | €303,456 | +€15,712 | +5.5% |
| Stocks and contracts in progress | 3 | €98,041 | €124,023 | +€25,983 | +26.5% |
| Stocks | 30/36 | €98,041 | €124,023 | +€25,983 | +26.5% |
| Amounts receivable within one year | 40/41 | €132,536 | €81,616 | -€50,920 | -38.4% |
| Trade receivables | 40 | €132,428 | €81,616 | -€50,811 | -38.4% |
| Other amounts receivable | 41 | €109 | - | -€109 | |
| Cash at bank and in hand | 54/58 | €57,030 | €94,390 | +€37,360 | +65.5% |
| Deferred charges and accrued income | 490/1 | €138 | €3,426 | +€3,289 | +2,392% |
| Total equity and liabilities | 10/49 | €1,025,515 | €985,028 | -€40,486 | -3.9% |
| Equity | 10/15 | -€42,841 | €52,431 | +€95,272 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€62,841 | €2,431 | +€65,272 | |
| Amounts payable | 17/49 | €1,068,356 | €932,597 | -€135,759 | -12.7% |
| Amounts payable after more than one year | 17 | €349,987 | €343,221 | -€6,766 | -1.9% |
| Financial debts | 170/4 | €349,987 | €343,221 | -€6,766 | -1.9% |
| Amounts payable within one year | 42/48 | €718,369 | €589,377 | -€128,993 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €44,311 | €41,437 | -€2,874 | -6.5% |
| Trade debts | 44 | €131,193 | €61,553 | -€69,640 | -53.1% |
| Suppliers | 440/4 | €131,193 | €61,553 | -€69,640 | -53.1% |
| Taxes, remuneration and social security | 45 | €8,510 | €9,746 | +€1,236 | +14.5% |
| Taxes | 450/3 | €2,557 | €3,567 | +€1,010 | +39.5% |
| Remuneration and social security | 454/9 | €5,954 | €6,179 | +€225 | +3.8% |
| Other amounts payable | 47/48 | €534,355 | €476,641 | -€57,714 | -10.8% |
| Non-recurring operating income | 76A | €7,025 | €363 | -€6,662 | -94.8% |
| Remuneration, social security and pensions | 62 | €49,042 | €52,003 | +€2,961 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,302 | €60,831 | -€16,471 | -21.3% |
| Other operating charges | 640/8 | €5,804 | €4,787 | -€1,017 | -17.5% |
| Non-recurring operating charges | 66A | - | €11,433 | +€11,433 | |
| Gross operating margin | 9900 | €195,561 | €235,505 | +€39,945 | +20.4% |
| Operating profit (loss) | 9901 | €63,413 | €106,450 | +€43,038 | +67.9% |
| Financial income | 75/76B | €3,121 | €330 | -€2,791 | -89.4% |
| Recurring financial income | 75 | €3,121 | €330 | -€2,791 | -89.4% |
| Financial charges | 65/66B | €9,701 | €10,360 | +€659 | +6.8% |
| Recurring financial charges | 65 | €9,701 | €10,360 | +€659 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €56,833 | €96,420 | +€39,587 | +69.7% |
| Income taxes | 67/77 | €188 | €1,147 | +€959 | +510% |
| Profit (loss) for the period | 9904 | €56,645 | €95,272 | +€38,628 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,645 | €95,272 | +€38,628 | +68.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.