INFRATOPIA: 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.
INFRATOPIA
Largest movements
- Cash +€51,968
up €51,968 (+89.3%), from €58,206 to €110,174
mainly Net result for the year (+€49,452) and Other debts (+€29,981)
- Receivables within one year -€17,211
down €17,211 (-45.6%), from €37,756 to €20,546
of which Trade receivables: -€16,033
- Other debts +€29,981
up €29,981 (+69.2%), from €43,335 to €73,316
- Tax, wage and social debts +€3,067
up €3,067 (+28.8%), from €10,657 to €13,724
- Gross operating margin +€5,903
up €5,903 (+6.0%), from €98,952 to €104,854
- Provisions -€1,670
down €1,670 (-57.9%), from €2,883 to €1,213
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 | €97,918 | €132,617 | +€34,699 | +35.4% |
| Fixed assets | 21/28 | €1,956 | €1,073 | -€883 | -45.1% |
| Tangible fixed assets | 22/27 | €1,956 | €1,073 | -€883 | -45.1% |
| Furniture and vehicles | 24 | €1,956 | €1,073 | -€883 | -45.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €95,963 | €131,544 | +€35,582 | +37.1% |
| Amounts receivable within one year | 40/41 | €37,756 | €20,546 | -€17,211 | -45.6% |
| Trade receivables | 40 | €34,727 | €18,695 | -€16,033 | -46.2% |
| Other amounts receivable | 41 | €3,029 | €1,851 | -€1,178 | -38.9% |
| Cash at bank and in hand | 54/58 | €58,206 | €110,174 | +€51,968 | +89.3% |
| Deferred charges and accrued income | 490/1 | - | €825 | +€825 | |
| Total equity and liabilities | 10/49 | €97,918 | €132,617 | +€34,699 | +35.4% |
| Equity | 10/15 | €5,000 | €5,452 | +€452 | +9.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €452 | +€452 | |
| Provisions and deferred taxes | 16 | €38,145 | €39,358 | +€1,213 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €38,145 | €39,358 | +€1,213 | +3.2% |
| Other liabilities and charges | 164/5 | €38,145 | €39,358 | +€1,213 | +3.2% |
| Amounts payable | 17/49 | €54,773 | €87,807 | +€33,034 | +60.3% |
| Amounts payable within one year | 42/48 | €54,773 | €87,807 | +€33,034 | +60.3% |
| Trade debts | 44 | €781 | €767 | -€14 | -1.8% |
| Suppliers | 440/4 | €781 | €767 | -€14 | -1.8% |
| Taxes, remuneration and social security | 45 | €10,657 | €13,724 | +€3,067 | +28.8% |
| Taxes | 450/3 | €10,657 | €13,724 | +€3,067 | +28.8% |
| Other amounts payable | 47/48 | €43,335 | €73,316 | +€29,981 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €883 | +€240 | +37.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,883 | €1,213 | -€1,670 | -57.9% |
| Other operating charges | 640/8 | €590 | - | -€590 | |
| Gross operating margin | 9900 | €98,952 | €104,854 | +€5,903 | +6.0% |
| Operating profit (loss) | 9901 | €94,835 | €102,758 | +€7,923 | +8.4% |
| Financial income | 75/76B | €559 | €18 | -€541 | -96.8% |
| Recurring financial income | 75 | €559 | €18 | -€541 | -96.8% |
| Financial charges | 65/66B | €39,798 | €38,898 | -€901 | -2.3% |
| Recurring financial charges | 65 | €39,798 | €38,898 | -€901 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €55,596 | €63,879 | +€8,283 | +14.9% |
| Income taxes | 67/77 | €14,104 | €14,426 | +€323 | +2.3% |
| Profit (loss) for the period | 9904 | €41,492 | €49,452 | +€7,960 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,492 | €49,452 | +€7,960 | +19.2% |
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.