4 INFINITY: what changed
Two fiscal 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.
What changed
4 INFINITY
NACE 77.222, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€419,460
2024 · €493,933-€74,473
Equity
€1.8m
2024 · €1.3m+€419,460
Cash
€61,335
2024 · €26,614+€34,721
Balance sheet total
€5.7m
2024 · €4.7m+€951,391
Largest movements
Assets
- Tangible fixed assets +€677,400
up €677,400 (+22.3%), from €3.0m to €3.7m
of which Plant, machinery and equipment: +€951,564
- Receivables within one year +€141,092
up €141,092 (+12.7%), from €1.1m to €1.3m
of which Trade receivables: +€144,692
- Stocks and contracts +€86,731
up €86,731 (+17.4%), from €498,753 to €585,483
Equity and liabilities
- Short-term financial debts +€492,740
up €492,740 (+249.6%), from €197,433 to €690,173
- Profit (loss) carried forward +€419,460
up €419,460 (+81.3%), from €515,994 to €935,454
- Debts after one year -€166,084
down €166,084 (-15.5%), from €1.1m to €906,363
- Current portion of long-term debt +€141,239
up €141,239 (+24.1%), from €586,794 to €728,032
Income statement
- Depreciation +€356,605
up €356,605 (+48.6%), from €733,595 to €1.1m
- Gross operating margin +€322,575
up €322,575 (+16.6%), from €1.9m to €2.3m
- Staff costs +€208,336
up €208,336 (+85.2%), from €244,520 to €452,855
- Other operating charges +€53,814
up €53,814 (+1230.8%), from €4,372 to €58,186
- Financial income +€46,567
up €46,567 (+597.2%), from €7,797 to €54,364
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.
Result 2024
€493,933
Gross operating margin
+€322,575
Staff costs
-€208,336
Depreciation
-€356,605
Write-downs
+€908
Other operating charges
-€53,814
Other operating items
+€198,636
Financial income
+€46,567
Financial charges
-€15,177
Taxes
-€9,227
Result 2025
€419,460
Cash bridge derived
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.
From operations
+€1.3m
Investment
-€1.8m
Financing
+€467,894
Cash 2024
€26,614
From operations (derived)
+€1.3m
Net result for the year
+€419,460
Depreciation
+€1.1m
Stocks and contracts
-€86,731
Receivables within one year
-€141,092
Deferred charges and accrued income
-€11,705
Trade debts
+€27,017
Tax, wage and social debts
+€47,684
Other debts
-€13,028
Accrued charges and deferred income
+€2,363
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€467,894
Debts after one year
-€166,084
Current portion of long-term debt
+€141,239
Short-term financial debts
+€492,740
Cash 2025
€61,335
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,718,273 | €5,669,664 | +€951,391 | +20.2% |
| Fixed assets | 21/28 | €3,045,958 | €3,723,101 | +€677,143 | +22.2% |
| Intangible fixed assets | 21 | €3,194 | €2,937 | -€257 | -8.1% |
| Tangible fixed assets | 22/27 | €3,041,214 | €3,718,614 | +€677,400 | +22.3% |
| Plant, machinery and equipment | 23 | €1,319,636 | €2,271,200 | +€951,564 | +72.1% |
| Furniture and vehicles | 24 | €57,079 | €48,389 | -€8,690 | -15.2% |
| Leasing and similar rights | 25 | €1,396,877 | €1,029,669 | -€367,207 | -26.3% |
| Other tangible fixed assets | 26 | €267,622 | €369,356 | +€101,733 | +38.0% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €1,672,315 | €1,946,563 | +€274,248 | +16.4% |
| Stocks and contracts in progress | 3 | €498,753 | €585,483 | +€86,731 | +17.4% |
| Stocks | 30/36 | €498,753 | €585,483 | +€86,731 | +17.4% |
| Amounts receivable within one year | 40/41 | €1,111,221 | €1,252,313 | +€141,092 | +12.7% |
| Trade receivables | 40 | €954,234 | €1,098,926 | +€144,692 | +15.2% |
| Other amounts receivable | 41 | €156,987 | €153,387 | -€3,601 | -2.3% |
| Cash at bank and in hand | 54/58 | €26,614 | €61,335 | +€34,721 | +130.5% |
| Deferred charges and accrued income | 490/1 | €35,727 | €47,432 | +€11,705 | +32.8% |
| Total equity and liabilities | 10/49 | €4,718,273 | €5,669,664 | +€951,391 | +20.2% |
| Equity | 10/15 | €1,331,245 | €1,750,705 | +€419,460 | +31.5% |
| Contributions | 10/11 | €143,345 | €143,345 | = | 0.0% |
| Reserves | 13 | €671,907 | €671,907 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €671,907 | €671,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €515,994 | €935,454 | +€419,460 | +81.3% |
| Amounts payable | 17/49 | €3,387,028 | €3,918,959 | +€531,931 | +15.7% |
| Amounts payable after more than one year | 17 | €1,072,447 | €906,363 | -€166,084 | -15.5% |
| Financial debts | 170/4 | €1,072,447 | €906,363 | -€166,084 | -15.5% |
| Amounts payable within one year | 42/48 | €2,286,018 | €2,981,669 | +€695,651 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €586,794 | €728,032 | +€141,239 | +24.1% |
| Financial debts | 43 | €197,433 | €690,173 | +€492,740 | +249.6% |
| Credit institutions | 430/8 | €197,433 | €690,173 | +€492,740 | +249.6% |
| Trade debts | 44 | €1,171,917 | €1,198,934 | +€27,017 | +2.3% |
| Suppliers | 440/4 | €1,171,917 | €1,198,934 | +€27,017 | +2.3% |
| Taxes, remuneration and social security | 45 | €316,336 | €364,020 | +€47,684 | +15.1% |
| Taxes | 450/3 | €288,068 | €288,346 | +€278 | +0.1% |
| Remuneration and social security | 454/9 | €28,268 | €75,674 | +€47,407 | +167.7% |
| Other amounts payable | 47/48 | €13,538 | €510 | -€13,028 | -96.2% |
| Accrued charges and deferred income | 492/3 | €28,564 | €30,927 | +€2,363 | +8.3% |
| Remuneration, social security and pensions | 62 | €244,520 | €452,855 | +€208,336 | +85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733,595 | €1,090,200 | +€356,605 | +48.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€908 | -€908 | |
| Other operating charges | 640/8 | €4,372 | €58,186 | +€53,814 | +1230.8% |
| Non-recurring operating charges | 66A | €198,636 | €0 | -€198,636 | -100.0% |
| Gross operating margin | 9900 | €1,938,729 | €2,261,303 | +€322,575 | +16.6% |
| Operating profit (loss) | 9901 | €757,606 | €660,970 | -€96,636 | -12.8% |
| Financial income | 75/76B | €7,797 | €54,364 | +€46,567 | +597.2% |
| Recurring financial income | 75 | €7,797 | €54,364 | +€46,567 | +597.2% |
| Financial charges | 65/66B | €127,125 | €142,301 | +€15,177 | +11.9% |
| Recurring financial charges | 65 | €127,125 | €142,301 | +€15,177 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €638,279 | €573,033 | -€65,246 | -10.2% |
| Income taxes | 67/77 | €144,346 | €153,573 | +€9,227 | +6.4% |
| Profit (loss) for the period | 9904 | €493,933 | €419,460 | -€74,473 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €493,933 | €419,460 | -€74,473 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.