NTH Inficare: 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.
NTH Inficare
Largest movements
- Receivables within one year +€21,878
up €21,878 (+83.6%), from €26,169 to €48,047
of which Other amounts receivable: +€20,382
- Deferred charges and accrued income +€4,684
new in 2025: €4,684
- Tangible fixed assets +€846
up €846 (+10.2%), from €8,311 to €9,157
of which Other tangible fixed assets: +€2,924
- Profit (loss) carried forward +€16,717
up €16,717, from -€1,655 to €15,062
- Trade debts +€8,380
up €8,380 (+49.1%), from €17,058 to €25,438
- Tax, wage and social debts +€3,999
up €3,999 (+65.4%), from €6,111 to €10,110
of which Taxes: +€4,053
- Current portion of long-term debt -€2,590
no longer reported in 2025 (was €2,590)
- Gross operating margin +€10,858
up €10,858 (+55.0%), from €19,728 to €30,586
- Taxes +€2,879
up €2,879 (+72.4%), from €3,978 to €6,857
- Depreciation +€1,509
up €1,509 (+165%), from €916 to €2,425
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 | €35,104 | €61,998 | +€26,894 | +76.6% |
| Fixed assets | 21/28 | €8,361 | €9,207 | +€846 | +10.1% |
| Tangible fixed assets | 22/27 | €8,311 | €9,157 | +€846 | +10.2% |
| Furniture and vehicles | 24 | €8,311 | €6,233 | -€2,078 | -25.0% |
| Other tangible fixed assets | 26 | - | €2,924 | +€2,924 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €26,743 | €52,791 | +€26,048 | +97.4% |
| Amounts receivable within one year | 40/41 | €26,169 | €48,047 | +€21,878 | +83.6% |
| Trade receivables | 40 | €8,454 | €9,950 | +€1,496 | +17.7% |
| Other amounts receivable | 41 | €17,715 | €38,097 | +€20,382 | +115% |
| Cash at bank and in hand | 54/58 | €574 | €60 | -€514 | -89.5% |
| Deferred charges and accrued income | 490/1 | - | €4,684 | +€4,684 | |
| Total equity and liabilities | 10/49 | €35,104 | €61,998 | +€26,894 | +76.6% |
| Equity | 10/15 | €9,345 | €26,062 | +€16,717 | +179% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,655 | €15,062 | +€16,717 | |
| Amounts payable | 17/49 | €25,759 | €35,936 | +€10,177 | +39.5% |
| Amounts payable within one year | 42/48 | €25,759 | €35,548 | +€9,789 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €2,590 | - | -€2,590 | |
| Trade debts | 44 | €17,058 | €25,438 | +€8,380 | +49.1% |
| Suppliers | 440/4 | €17,058 | €25,438 | +€8,380 | +49.1% |
| Taxes, remuneration and social security | 45 | €6,111 | €10,110 | +€3,999 | +65.4% |
| Taxes | 450/3 | €6,057 | €10,110 | +€4,053 | +66.9% |
| Remuneration and social security | 454/9 | €54 | - | -€54 | |
| Accrued charges and deferred income | 492/3 | - | €388 | +€388 | |
| Non-recurring operating income | 76A | - | €6,541 | +€6,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €2,425 | +€1,509 | +165% |
| Other operating charges | 640/8 | €1,130 | €1,311 | +€181 | +16.0% |
| Non-recurring operating charges | 66A | €3,664 | €1,554 | -€2,110 | -57.6% |
| Gross operating margin | 9900 | €19,728 | €30,586 | +€10,858 | +55.0% |
| Operating profit (loss) | 9901 | €14,018 | €25,296 | +€11,278 | +80.5% |
| Financial charges | 65/66B | €1,971 | €1,722 | -€249 | -12.6% |
| Recurring financial charges | 65 | €1,971 | €1,722 | -€249 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €12,047 | €23,574 | +€11,527 | +95.7% |
| Income taxes | 67/77 | €3,978 | €6,857 | +€2,879 | +72.4% |
| Profit (loss) for the period | 9904 | €8,069 | €16,717 | +€8,648 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €8,069 | €16,717 | +€8,648 | +107% |
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 26 October 2026 via checked.be.