MV INFISOINS: 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.
MV INFISOINS
Largest movements
- Cash +€31,162
up €31,162 (+154%), from €20,172 to €51,334
mainly Net result for the year (+€43,991) and Tax, wage and social debts (+€17,150)
- Receivables within one year +€29,433
up €29,433 (+18.2%), from €162,149 to €191,582
- Deferred charges and accrued income +€3,724
up €3,724 (+482%), from €772 to €4,497
- Profit (loss) carried forward +€43,991
up €43,991 (+34.2%), from €128,593 to €172,584
- Tax, wage and social debts +€17,150
up €17,150 (+39.3%), from €43,641 to €60,792
of which Taxes: +€17,821
- Trade debts +€6,647
up €6,647 (+61.0%), from €10,895 to €17,542
- Current portion of long-term debt -€5,266
down €5,266 (-66.0%), from €7,981 to €2,715
- Accrued charges and deferred income +€3,970
up €3,970 (+115%), from €3,450 to €7,420
- Gross operating margin +€39,190
up €39,190 (+17.6%), from €222,947 to €262,137
- Staff costs +€36,561
up €36,561 (+22.9%), from €159,897 to €196,458
- Other operating charges +€3,082
up €3,082 (+415%), from €743 to €3,825
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 | €198,775 | €262,552 | +€63,778 | +32.1% |
| Fixed assets | 21/28 | €15,681 | €15,140 | -€542 | -3.5% |
| Tangible fixed assets | 22/27 | €15,481 | €14,940 | -€542 | -3.5% |
| Plant, machinery and equipment | 23 | €946 | €679 | -€267 | -28.2% |
| Furniture and vehicles | 24 | €14,535 | €14,261 | -€275 | -1.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €183,094 | €247,413 | +€64,319 | +35.1% |
| Amounts receivable within one year | 40/41 | €162,149 | €191,582 | +€29,433 | +18.2% |
| Other amounts receivable | 41 | €162,149 | €191,582 | +€29,433 | +18.2% |
| Cash at bank and in hand | 54/58 | €20,172 | €51,334 | +€31,162 | +154% |
| Deferred charges and accrued income | 490/1 | €772 | €4,497 | +€3,724 | +482% |
| Total equity and liabilities | 10/49 | €198,775 | €262,552 | +€63,778 | +32.1% |
| Equity | 10/15 | €130,093 | €174,084 | +€43,991 | +33.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,593 | €172,584 | +€43,991 | +34.2% |
| Amounts payable | 17/49 | €68,682 | €88,468 | +€19,787 | +28.8% |
| Amounts payable after more than one year | 17 | €2,715 | €0 | -€2,715 | -100% |
| Financial debts | 170/4 | €2,715 | €0 | -€2,715 | -100% |
| Amounts payable within one year | 42/48 | €62,517 | €81,048 | +€18,531 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €7,981 | €2,715 | -€5,266 | -66.0% |
| Trade debts | 44 | €10,895 | €17,542 | +€6,647 | +61.0% |
| Suppliers | 440/4 | €10,895 | €17,542 | +€6,647 | +61.0% |
| Taxes, remuneration and social security | 45 | €43,641 | €60,792 | +€17,150 | +39.3% |
| Taxes | 450/3 | €16,518 | €34,339 | +€17,821 | +108% |
| Remuneration and social security | 454/9 | €27,124 | €26,453 | -€671 | -2.5% |
| Accrued charges and deferred income | 492/3 | €3,450 | €7,420 | +€3,970 | +115% |
| Remuneration, social security and pensions | 62 | €159,897 | €196,458 | +€36,561 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €3,600 | +€1,754 | +95.0% |
| Other operating charges | 640/8 | €743 | €3,825 | +€3,082 | +415% |
| Gross operating margin | 9900 | €222,947 | €262,137 | +€39,190 | +17.6% |
| Operating profit (loss) | 9901 | €60,461 | €58,254 | -€2,207 | -3.6% |
| Financial income | 75/76B | €6,494 | €8,679 | +€2,185 | +33.7% |
| Recurring financial income | 75 | €6,494 | €8,679 | +€2,185 | +33.7% |
| Financial charges | 65/66B | €3,898 | €4,868 | +€970 | +24.9% |
| Recurring financial charges | 65 | €3,898 | €4,868 | +€970 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €63,057 | €62,065 | -€992 | -1.6% |
| Income taxes | 67/77 | €16,518 | €18,074 | +€1,557 | +9.4% |
| Profit (loss) for the period | 9904 | €46,539 | €43,991 | -€2,548 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,539 | €43,991 | -€2,548 | -5.5% |
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 1 November 2026 via checked.be.