INFREBIL: what changed
Two fiscal 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.
INFREBIL
Largest movements
- Receivables within one year +€12,349
up €12,349 (+101.7%), from €12,142 to €24,491
- Tangible fixed assets -€10,043
down €10,043 (-3.8%), from €263,922 to €253,879
of which Land and buildings: -€6,450
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€10,043
new in 2025: €10,043
- Gross operating margin +€3,925
up €3,925 (+35.4%), from €11,087 to €15,012
- Financial income +€623
up €623 (+128.1%), from €487 to €1,110
- Other operating charges +€174
up €174 (+5.0%), from €3,484 to €3,658
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.
Cash bridge derived
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 | €276,100 | €278,371 | +€2,271 | +0.8% |
| Fixed assets | 21/28 | €263,922 | €253,879 | -€10,043 | -3.8% |
| Tangible fixed assets | 22/27 | €263,922 | €253,879 | -€10,043 | -3.8% |
| Land and buildings | 22 | €246,132 | €239,681 | -€6,450 | -2.6% |
| Plant, machinery and equipment | 23 | €17,790 | €14,198 | -€3,592 | -20.2% |
| Current assets | 29/58 | €12,178 | €24,491 | +€12,313 | +101.1% |
| Amounts receivable within one year | 40/41 | €12,142 | €24,491 | +€12,349 | +101.7% |
| Other amounts receivable | 41 | €12,142 | €24,491 | +€12,349 | +101.7% |
| Cash at bank and in hand | 54/58 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €276,100 | €278,371 | +€2,271 | +0.8% |
| Equity | 10/15 | €276,100 | €278,334 | +€2,234 | +0.8% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €8,377 | €8,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,377 | €8,377 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,377 | €8,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,278 | -€80,044 | +€2,234 | +2.7% |
| Amounts payable | 17/49 | - | €37 | +€37 | |
| Amounts payable within one year | 42/48 | - | €37 | +€37 | |
| Financial debts | 43 | - | €37 | +€37 | |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,043 | +€10,043 | |
| Other operating charges | 640/8 | €3,484 | €3,658 | +€174 | +5.0% |
| Gross operating margin | 9900 | €11,087 | €15,012 | +€3,925 | +35.4% |
| Operating profit (loss) | 9901 | €7,603 | €1,311 | -€6,292 | -82.8% |
| Financial income | 75/76B | €487 | €1,110 | +€623 | +128.1% |
| Recurring financial income | 75 | €487 | €1,110 | +€623 | +128.1% |
| Financial charges | 65/66B | €153 | €187 | +€35 | +22.7% |
| Recurring financial charges | 65 | €153 | €187 | +€35 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €7,937 | €2,234 | -€5,703 | -71.9% |
| Profit (loss) for the period | 9904 | €7,937 | €2,234 | -€5,703 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,937 | €2,234 | -€5,703 | -71.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.