M-L INFI: 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.
M-L INFI
Largest movements
- Deferred charges and accrued income +€6,454
new in 2025: €6,454
- Cash -€3,646
down €3,646 (-49.5%), from €7,371 to €3,725
mainly Deferred charges and accrued income (-€6,454) and Investment in fixed assets (net) (-€841)
- Tangible fixed assets +€686
new in 2025: €686
- Tax, wage and social debts +€4,246
up €4,246 (+2,416%), from €176 to €4,421
- Profit (loss) carried forward -€440
down €440 (-34.8%), from €1,264 to €824
- Other debts -€354
down €354 (-55.3%), from €641 to €287
- Gross operating margin -€14,561
down €14,561 (-71.5%), from €20,371 to €5,810
- Other operating charges -€7,060
down €7,060 (-93.0%), from €7,588 to €528
- Financial charges -€229
down €229 (-59.7%), from €383 to €154
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 | €7,401 | €10,865 | +€3,463 | +46.8% |
| Fixed assets | 21/28 | €30 | €686 | +€656 | +2,185% |
| Tangible fixed assets | 22/27 | - | €686 | +€686 | |
| Furniture and vehicles | 24 | - | €686 | +€686 | |
| Financial fixed assets | 28 | €30 | - | -€30 | |
| Current assets | 29/58 | €7,371 | €10,179 | +€2,808 | +38.1% |
| Cash at bank and in hand | 54/58 | €7,371 | €3,725 | -€3,646 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €6,454 | +€6,454 | |
| Total equity and liabilities | 10/49 | €7,401 | €10,865 | +€3,463 | +46.8% |
| Equity | 10/15 | €6,264 | €5,824 | -€440 | -7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,264 | €824 | -€440 | -34.8% |
| Amounts payable | 17/49 | €1,137 | €5,041 | +€3,904 | +343% |
| Amounts payable within one year | 42/48 | €1,137 | €5,041 | +€3,904 | +343% |
| Trade debts | 44 | €321 | €333 | +€12 | +3.8% |
| Suppliers | 440/4 | €321 | €333 | +€12 | +3.8% |
| Taxes, remuneration and social security | 45 | €176 | €4,421 | +€4,246 | +2,416% |
| Taxes | 450/3 | €176 | €4,421 | +€4,246 | +2,416% |
| Other amounts payable | 47/48 | €641 | €287 | -€354 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €185 | +€185 | |
| Other operating charges | 640/8 | €7,588 | €528 | -€7,060 | -93.0% |
| Non-recurring operating charges | 66A | €728 | - | -€728 | |
| Gross operating margin | 9900 | €20,371 | €5,810 | -€14,561 | -71.5% |
| Operating profit (loss) | 9901 | €12,055 | €5,097 | -€6,959 | -57.7% |
| Financial income | 75/76B | €8 | €5 | -€4 | -43.3% |
| Recurring financial income | 75 | €8 | €5 | -€4 | -43.3% |
| Financial charges | 65/66B | €383 | €154 | -€229 | -59.7% |
| Recurring financial charges | 65 | €383 | €154 | -€229 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €11,680 | €4,947 | -€6,733 | -57.6% |
| Income taxes | 67/77 | €5,556 | €5,387 | -€169 | -3.0% |
| Profit (loss) for the period | 9904 | €6,124 | -€440 | -€6,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,124 | -€440 | -€6,564 |
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 27 October 2026 via checked.be.