NFS 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.
NFS Infi
Largest movements
- Receivables within one year +€21,582
up €21,582 (+32.6%), from €66,232 to €87,813
of which Trade receivables: +€12,575
- Cash -€6,368
down €6,368 (-7.6%), from €83,728 to €77,360
mainly Contributions, distributions and other (-€72,400) and Receivables within one year (-€21,582)
- Deferred charges and accrued income +€5,161
up €5,161 (+63.9%), from €8,072 to €13,233
- Profit (loss) carried forward -€24,286
down €24,286 (-38.0%), from €63,901 to €39,614
- Tax, wage and social debts +€22,755
up €22,755 (+45.1%), from €50,411 to €73,166
of which Remuneration and social security: +€34,452
- Other debts +€18,531
up €18,531 (+35.6%), from €52,068 to €70,598
- Staff costs +€158,554
up €158,554 (+80.4%), from €197,270 to €355,824
- Gross operating margin +€143,323
up €143,323 (+47.8%), from €299,858 to €443,181
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 | €205,021 | €225,252 | +€20,230 | +9.9% |
| Fixed assets | 21/28 | €45,610 | €45,470 | -€140 | -0.3% |
| Tangible fixed assets | 22/27 | €45,610 | €45,470 | -€140 | -0.3% |
| Plant, machinery and equipment | 23 | €2,337 | €1,539 | -€798 | -34.1% |
| Furniture and vehicles | 24 | €1,807 | €5,813 | +€4,006 | +222% |
| Other tangible fixed assets | 26 | €41,465 | €38,118 | -€3,347 | -8.1% |
| Current assets | 29/58 | €159,411 | €179,782 | +€20,370 | +12.8% |
| Amounts receivable within one year | 40/41 | €66,232 | €87,813 | +€21,582 | +32.6% |
| Trade receivables | 40 | €58,557 | €71,132 | +€12,575 | +21.5% |
| Other amounts receivable | 41 | €7,675 | €16,681 | +€9,006 | +117% |
| Current investments | 50/53 | €1,379 | €1,375 | -€4 | -0.3% |
| Cash at bank and in hand | 54/58 | €83,728 | €77,360 | -€6,368 | -7.6% |
| Deferred charges and accrued income | 490/1 | €8,072 | €13,233 | +€5,161 | +63.9% |
| Total equity and liabilities | 10/49 | €205,021 | €225,252 | +€20,230 | +9.9% |
| Equity | 10/15 | €83,001 | €58,714 | -€24,286 | -29.3% |
| Contributions | 10/11 | €19,100 | €19,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,901 | €39,614 | -€24,286 | -38.0% |
| Amounts payable | 17/49 | €122,021 | €166,537 | +€44,517 | +36.5% |
| Amounts payable within one year | 42/48 | €122,021 | €166,537 | +€44,517 | +36.5% |
| Financial debts | 43 | €3,387 | €5,055 | +€1,668 | +49.3% |
| Credit institutions | 430/8 | €3,387 | €5,055 | +€1,668 | +49.3% |
| Trade debts | 44 | €16,156 | €17,718 | +€1,563 | +9.7% |
| Suppliers | 440/4 | €16,156 | €17,718 | +€1,563 | +9.7% |
| Taxes, remuneration and social security | 45 | €50,411 | €73,166 | +€22,755 | +45.1% |
| Taxes | 450/3 | €22,018 | €10,322 | -€11,696 | -53.1% |
| Remuneration and social security | 454/9 | €28,392 | €62,844 | +€34,452 | +121% |
| Other amounts payable | 47/48 | €52,068 | €70,598 | +€18,531 | +35.6% |
| Remuneration, social security and pensions | 62 | €197,270 | €355,824 | +€158,554 | +80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,603 | €9,947 | +€1,344 | +15.6% |
| Other operating charges | 640/8 | €394 | €3,490 | +€3,095 | +785% |
| Gross operating margin | 9900 | €299,858 | €443,181 | +€143,323 | +47.8% |
| Operating profit (loss) | 9901 | €93,591 | €73,920 | -€19,671 | -21.0% |
| Financial income | 75/76B | €8 | €8 | = | 0.0% |
| Recurring financial income | 75 | €8 | €8 | = | 0.0% |
| Financial charges | 65/66B | €7,685 | €9,894 | +€2,209 | +28.7% |
| Recurring financial charges | 65 | €7,685 | €9,894 | +€2,209 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €85,914 | €64,034 | -€21,880 | -25.5% |
| Income taxes | 67/77 | €19,903 | €15,920 | -€3,983 | -20.0% |
| Profit (loss) for the period | 9904 | €66,010 | €48,114 | -€17,897 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,010 | €48,114 | -€17,897 | -27.1% |
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 23 October 2026 via checked.be.