S.G. INFI: what changed
What changed
S.G. INFI
filed annual accounts (NBB)
Net result for the year
€23,537
2024 · €24,325-€788
Equity
€111,808
2024 · €96,453+€15,355
Cash
€54,393
2024 · €30,883+€23,510
Balance sheet total
€160,598
2024 · €142,071+€18,526
Largest movements
Assets
- Cash +€23,510
up €23,510 (+76.1%), from €30,883 to €54,393
mainly Net result for the year (+€23,537) and Depreciation (+€11,889)
- Tangible fixed assets -€11,889
down €11,889 (-25.9%), from €45,821 to €33,932
of which Furniture and vehicles: -€10,813
- Deferred charges and accrued income +€5,418
up €5,418 (+43.6%), from €12,436 to €17,854
Equity and liabilities
- Reserves +€12,273
up €12,273 (+24.2%), from €50,757 to €63,030
of which Distributable reserves: +€12,273
- Debts after one year -€7,565
down €7,565 (-25.7%), from €29,407 to €21,841
- Accrued charges and deferred income +€5,863
new in 2025: €5,863
- Tax, wage and social debts +€3,743
up €3,743 (+62.3%), from €6,012 to €9,755
- Profit (loss) carried forward +€3,083
up €3,083 (+6.8%), from €45,395 to €48,478
Income statement
- Depreciation +€9,977
up €9,977 (+522%), from €1,912 to €11,889
- Gross operating margin +€2,288
up €2,288 (+4.9%), from €46,428 to €48,717
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.
Result 2024
€24,325
Gross operating margin
+€2,288
Depreciation
-€9,977
Other operating charges
+€386
Other operating items
+€6,436
Financial income
+€145
Financial charges
-€410
Taxes
+€344
Result 2025
€23,537
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€38,975
Investment
€0
Financing
-€15,465
Cash 2024
€30,883
From operations (derived)
+€38,975
Net result for the year
+€23,537
Depreciation
+€11,889
Receivables within one year
-€1,487
Deferred charges and accrued income
-€5,418
Trade debts
+€847
Tax, wage and social debts
+€3,743
Accrued charges and deferred income
+€5,863
Financing
-€15,465
Debts after one year
-€7,565
Current portion of long-term debt
+€283
Contributions, distributions and other
-€8,182
Cash 2025
€54,393
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,071 | €160,598 | +€18,526 | +13.0% |
| Fixed assets | 21/28 | €45,936 | €34,047 | -€11,889 | -25.9% |
| Tangible fixed assets | 22/27 | €45,821 | €33,932 | -€11,889 | -25.9% |
| Land and buildings | 22 | €820 | €322 | -€498 | -60.7% |
| Furniture and vehicles | 24 | €40,952 | €30,139 | -€10,813 | -26.4% |
| Other tangible fixed assets | 26 | €4,049 | €3,471 | -€578 | -14.3% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €96,135 | €126,550 | +€30,415 | +31.6% |
| Amounts receivable within one year | 40/41 | €52,816 | €54,304 | +€1,487 | +2.8% |
| Other amounts receivable | 41 | €52,816 | €54,304 | +€1,487 | +2.8% |
| Cash at bank and in hand | 54/58 | €30,883 | €54,393 | +€23,510 | +76.1% |
| Deferred charges and accrued income | 490/1 | €12,436 | €17,854 | +€5,418 | +43.6% |
| Total equity and liabilities | 10/49 | €142,071 | €160,598 | +€18,526 | +13.0% |
| Equity | 10/15 | €96,453 | €111,808 | +€15,355 | +15.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €50,757 | €63,030 | +€12,273 | +24.2% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Distributable reserves | 133 | €50,727 | €63,000 | +€12,273 | +24.2% |
| Profit (loss) carried forward | 14 | €45,395 | €48,478 | +€3,083 | +6.8% |
| Amounts payable | 17/49 | €45,619 | €48,790 | +€3,171 | +7.0% |
| Amounts payable after more than one year | 17 | €29,407 | €21,841 | -€7,565 | -25.7% |
| Financial debts | 170/4 | €29,407 | €21,841 | -€7,565 | -25.7% |
| Amounts payable within one year | 42/48 | €16,212 | €21,085 | +€4,873 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €9,472 | €9,755 | +€283 | +3.0% |
| Trade debts | 44 | €728 | €1,575 | +€847 | +116% |
| Suppliers | 440/4 | €728 | €1,575 | +€847 | +116% |
| Taxes, remuneration and social security | 45 | €6,012 | €9,755 | +€3,743 | +62.3% |
| Taxes | 450/3 | €6,012 | €9,755 | +€3,743 | +62.3% |
| Accrued charges and deferred income | 492/3 | - | €5,863 | +€5,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €11,889 | +€9,977 | +522% |
| Other operating charges | 640/8 | €1,234 | €848 | -€386 | -31.3% |
| Non-recurring operating charges | 66A | €6,436 | - | -€6,436 | |
| Gross operating margin | 9900 | €46,428 | €48,717 | +€2,288 | +4.9% |
| Operating profit (loss) | 9901 | €36,846 | €35,979 | -€867 | -2.4% |
| Financial income | 75/76B | €70 | €215 | +€145 | +206% |
| Recurring financial income | 75 | €70 | €215 | +€145 | +206% |
| Financial charges | 65/66B | €1,409 | €1,819 | +€410 | +29.1% |
| Recurring financial charges | 65 | €1,409 | €1,819 | +€410 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €35,508 | €34,376 | -€1,132 | -3.2% |
| Income taxes | 67/77 | €11,183 | €10,839 | -€344 | -3.1% |
| Profit (loss) for the period | 9904 | €24,325 | €23,537 | -€788 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,325 | €23,537 | -€788 | -3.2% |
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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 3 November 2026 via checked.be.