M.T. INFI: what changed
M.T. INFI
Largest movements
- Tangible fixed assets -€39,293
down €39,293 (-36.4%), from €108,032 to €68,739
of which Furniture and vehicles: -€31,749
- Cash -€19,223
down €19,223 (-63.5%), from €30,250 to €11,027
mainly Trade debts (-€16,993) and Debts after one year (-€14,925)
- Trade debts -€16,993
down €16,993 (-67.8%), from €25,074 to €8,081
- Debts after one year -€14,925
down €14,925 (-64.8%), from €23,021 to €8,096
- Current portion of long-term debt -€12,785
down €12,785 (-46.1%), from €27,710 to €14,925
- Short-term financial debts -€10,942
down €10,942 (-65.5%), from €16,715 to €5,773
- Reserves +€4,729
up €4,729 (+6.6%), from €71,457 to €76,186
- Gross operating margin -€36,944
down €36,944 (-42.9%), from €86,074 to €49,130
- Staff costs -€32,947
no longer reported in 2025 (was €32,947)
- Depreciation -€4,665
down €4,665 (-12.3%), from €38,075 to €33,410
- Taxes -€1,318
down €1,318 (-17.7%), from €7,442 to €6,124
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,151 | €118,354 | -€57,797 | -32.8% |
| Fixed assets | 21/28 | €108,395 | €69,102 | -€39,293 | -36.3% |
| Tangible fixed assets | 22/27 | €108,032 | €68,739 | -€39,293 | -36.4% |
| Furniture and vehicles | 24 | €82,381 | €50,632 | -€31,749 | -38.5% |
| Other tangible fixed assets | 26 | €25,652 | €18,107 | -€7,544 | -29.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €67,756 | €49,252 | -€18,503 | -27.3% |
| Amounts receivable within one year | 40/41 | €33,814 | €34,814 | +€1,001 | +3.0% |
| Trade receivables | 40 | €26,256 | €18,381 | -€7,875 | -30.0% |
| Other amounts receivable | 41 | €7,558 | €16,434 | +€8,876 | +117% |
| Cash at bank and in hand | 54/58 | €30,250 | €11,027 | -€19,223 | -63.5% |
| Deferred charges and accrued income | 490/1 | €3,692 | €3,411 | -€281 | -7.6% |
| Total equity and liabilities | 10/49 | €176,151 | €118,354 | -€57,797 | -32.8% |
| Equity | 10/15 | €72,457 | €77,186 | +€4,729 | +6.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,457 | €76,186 | +€4,729 | +6.6% |
| Distributable reserves | 133 | €71,457 | €76,186 | +€4,729 | +6.6% |
| Amounts payable | 17/49 | €103,694 | €41,168 | -€62,526 | -60.3% |
| Amounts payable after more than one year | 17 | €23,021 | €8,096 | -€14,925 | -64.8% |
| Financial debts | 170/4 | €23,021 | €8,096 | -€14,925 | -64.8% |
| Amounts payable within one year | 42/48 | €80,672 | €33,072 | -€47,600 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €27,710 | €14,925 | -€12,785 | -46.1% |
| Financial debts | 43 | €16,715 | €5,773 | -€10,942 | -65.5% |
| Credit institutions | 430/8 | €16,715 | €5,773 | -€10,942 | -65.5% |
| Trade debts | 44 | €25,074 | €8,081 | -€16,993 | -67.8% |
| Suppliers | 440/4 | €25,074 | €8,081 | -€16,993 | -67.8% |
| Taxes, remuneration and social security | 45 | €6,185 | €3,716 | -€2,469 | -39.9% |
| Taxes | 450/3 | €1,450 | €3,716 | +€2,266 | +156% |
| Remuneration and social security | 454/9 | €4,735 | - | -€4,735 | |
| Other amounts payable | 47/48 | €4,989 | €578 | -€4,411 | -88.4% |
| Remuneration, social security and pensions | 62 | €32,947 | - | -€32,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,075 | €33,410 | -€4,665 | -12.3% |
| Other operating charges | 640/8 | €1,246 | €1,873 | +€627 | +50.4% |
| Gross operating margin | 9900 | €86,074 | €49,130 | -€36,944 | -42.9% |
| Operating profit (loss) | 9901 | €13,807 | €13,847 | +€40 | +0.3% |
| Financial charges | 65/66B | €2,625 | €2,994 | +€369 | +14.1% |
| Recurring financial charges | 65 | €2,625 | €2,994 | +€369 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €11,182 | €10,853 | -€329 | -2.9% |
| Income taxes | 67/77 | €7,442 | €6,124 | -€1,318 | -17.7% |
| Profit (loss) for the period | 9904 | €3,740 | €4,729 | +€989 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,740 | €4,729 | +€989 | +26.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.