INFWAN: 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.
INFWAN
Largest movements
- Cash +€10,643
up €10,643 (+132.1%), from €8,056 to €18,699
mainly Net result for the year (+€12,199) and Deferred charges and accrued income (+€4,320)
- Deferred charges and accrued income -€4,320
down €4,320 (-53.3%), from €8,109 to €3,789
- Tangible fixed assets +€3,837
up €3,837 (+1045.7%), from €367 to €4,204
of which Other tangible fixed assets: +€4,204
- Receivables within one year +€3,718
up €3,718 (+66.6%), from €5,580 to €9,298
of which Other amounts receivable: +€2,828
- Reserves +€12,198
up €12,198 (+105.0%), from €11,620 to €23,818
of which Distributable reserves: +€12,198
- Trade debts +€771
up €771 (+1449.3%), from €53 to €824
- Tax, wage and social debts +€508
up €508 (+13.8%), from €3,686 to €4,194
- Gross operating margin +€3,252
up €3,252 (+18.7%), from €17,342 to €20,594
- Other operating charges +€1,623
up €1,623 (+92.1%), from €1,763 to €3,387
- Depreciation -€1,401
down €1,401 (-70.3%), from €1,993 to €593
- Taxes +€610
up €610 (+14.1%), from €4,326 to €4,936
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 | €32,112 | €45,990 | +€13,878 | +43.2% |
| Fixed assets | 21/28 | €367 | €4,204 | +€3,837 | +1045.7% |
| Tangible fixed assets | 22/27 | €367 | €4,204 | +€3,837 | +1045.7% |
| Furniture and vehicles | 24 | €367 | €0 | -€367 | -100.0% |
| Other tangible fixed assets | 26 | - | €4,204 | +€4,204 | |
| Current assets | 29/58 | €31,745 | €41,786 | +€10,041 | +31.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,580 | €9,298 | +€3,718 | +66.6% |
| Trade receivables | 40 | - | €890 | +€890 | |
| Other amounts receivable | 41 | €5,580 | €8,408 | +€2,828 | +50.7% |
| Cash at bank and in hand | 54/58 | €8,056 | €18,699 | +€10,643 | +132.1% |
| Deferred charges and accrued income | 490/1 | €8,109 | €3,789 | -€4,320 | -53.3% |
| Total equity and liabilities | 10/49 | €32,112 | €45,990 | +€13,878 | +43.2% |
| Equity | 10/15 | €28,373 | €40,572 | +€12,199 | +43.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,620 | €23,818 | +€12,198 | +105.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,760 | €21,958 | +€12,198 | +125.0% |
| Profit (loss) carried forward | 14 | €4,353 | €4,354 | +€1 | 0.0% |
| Amounts payable | 17/49 | €3,739 | €5,418 | +€1,679 | +44.9% |
| Amounts payable within one year | 42/48 | €3,739 | €5,019 | +€1,280 | +34.2% |
| Trade debts | 44 | €53 | €824 | +€771 | +1449.3% |
| Suppliers | 440/4 | €53 | €824 | +€771 | +1449.3% |
| Taxes, remuneration and social security | 45 | €3,686 | €4,194 | +€508 | +13.8% |
| Taxes | 450/3 | €3,686 | €4,194 | +€508 | +13.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €593 | -€1,401 | -70.3% |
| Other operating charges | 640/8 | €1,763 | €3,387 | +€1,623 | +92.1% |
| Gross operating margin | 9900 | €17,342 | €20,594 | +€3,252 | +18.7% |
| Operating profit (loss) | 9901 | €13,586 | €16,615 | +€3,029 | +22.3% |
| Financial income | 75/76B | €625 | €625 | = | 0.0% |
| Recurring financial income | 75 | €625 | €625 | = | 0.0% |
| Financial charges | 65/66B | €124 | €105 | -€18 | -14.9% |
| Recurring financial charges | 65 | €124 | €105 | -€18 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €14,087 | €17,134 | +€3,047 | +21.6% |
| Income taxes | 67/77 | €4,326 | €4,936 | +€610 | +14.1% |
| Profit (loss) for the period | 9904 | €9,761 | €12,199 | +€2,438 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,761 | €12,199 | +€2,438 | +25.0% |
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 5 October 2026 via checked.be.