INFRIE: 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.
INFRIE
Largest movements
- Cash -€31,126
down €31,126 (-42.5%), from €73,195 to €42,070
mainly Net result for the year (-€16,297) and Contributions, distributions and other (-€16,000)
- Receivables within one year +€14,200
up €14,200 (+26.1%), from €54,445 to €68,645
- Profit (loss) carried forward -€45,791
no longer reported in 2025 (was €45,791)
- Other debts +€16,000
new in 2025: €16,000
- Reserves +€13,494
up €13,494 (+20.2%), from €66,805 to €80,299
of which Distributable reserves: +€13,494
- Trade debts -€1,781
down €1,781 (-53.1%), from €3,355 to €1,574
- Tax, wage and social debts +€1,400
up €1,400 (+183.6%), from €762 to €2,162
- Gross operating margin -€28,396
down €28,396, from €14,311 to -€14,085
- Taxes -€3,012
no longer reported in 2025 (was €3,012)
- Depreciation -€722
no longer reported in 2025 (was €722)
- Other operating charges +€208
up €208 (+10.7%), from €1,954 to €2,162
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 | €135,313 | €118,635 | -€16,678 | -12.3% |
| Fixed assets | 21/28 | €7,437 | €7,437 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,437 | €7,437 | = | 0.0% |
| Land and buildings | 22 | €7,437 | €7,437 | = | 0.0% |
| Current assets | 29/58 | €127,877 | €111,199 | -€16,678 | -13.0% |
| Amounts receivable within one year | 40/41 | €54,445 | €68,645 | +€14,200 | +26.1% |
| Other amounts receivable | 41 | €54,445 | €68,645 | +€14,200 | +26.1% |
| Cash at bank and in hand | 54/58 | €73,195 | €42,070 | -€31,126 | -42.5% |
| Deferred charges and accrued income | 490/1 | €237 | €484 | +€247 | +104.5% |
| Total equity and liabilities | 10/49 | €135,313 | €118,635 | -€16,678 | -12.3% |
| Equity | 10/15 | €131,196 | €98,899 | -€32,297 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,805 | €80,299 | +€13,494 | +20.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,915 | €23,915 | = | 0.0% |
| Distributable reserves | 133 | €41,031 | €54,525 | +€13,494 | +32.9% |
| Profit (loss) carried forward | 14 | €45,791 | - | -€45,791 | |
| Amounts payable | 17/49 | €4,117 | €19,737 | +€15,619 | +379.3% |
| Amounts payable within one year | 42/48 | €4,117 | €19,737 | +€15,619 | +379.3% |
| Trade debts | 44 | €3,355 | €1,574 | -€1,781 | -53.1% |
| Suppliers | 440/4 | €3,355 | €1,574 | -€1,781 | -53.1% |
| Taxes, remuneration and social security | 45 | €762 | €2,162 | +€1,400 | +183.6% |
| Taxes | 450/3 | €762 | €2,162 | +€1,400 | +183.6% |
| Other amounts payable | 47/48 | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | - | -€722 | |
| Other operating charges | 640/8 | €1,954 | €2,162 | +€208 | +10.7% |
| Gross operating margin | 9900 | €14,311 | -€14,085 | -€28,396 | |
| Operating profit (loss) | 9901 | €11,635 | -€16,247 | -€27,882 | |
| Financial charges | 65/66B | €58 | €51 | -€7 | -12.1% |
| Recurring financial charges | 65 | €58 | €51 | -€7 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €11,578 | -€16,297 | -€27,875 | |
| Income taxes | 67/77 | €3,012 | - | -€3,012 | |
| Profit (loss) for the period | 9904 | €8,565 | -€16,297 | -€24,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,565 | -€16,297 | -€24,863 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.