4infinity: 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.
4infinity
Largest movements
- Cash -€1.0m
down €1.0m (-56.7%), from €1.8m to €777,024
mainly Accrued charges and deferred income (-€557,655) and Investment in fixed assets (net) (-€463,188)
- Deferred charges and accrued income +€360,320
up €360,320 (+48,043%), from €750 to €361,070
- Stocks and contracts +€269,950
up €269,950 (+100.0%), from €270,000 to €539,950
- Receivables after one year -€265,847
no longer reported in 2025 (was €265,847)
- Tangible fixed assets +€261,360
up €261,360 (+799%), from €32,705 to €294,065
of which Furniture and vehicles: +€246,009
- Accrued charges and deferred income -€557,655
down €557,655 (-57.3%), from €972,459 to €414,804
- Short-term financial debts +€408,404
up €408,404 (+47.4%), from €861,596 to €1.3m
- Tax, wage and social debts -€208,049
down €208,049 (-83.7%), from €248,606 to €40,557
of which Taxes: -€214,998
- Trade debts -€55,199
down €55,199 (-9.8%), from €560,633 to €505,434
- Gross operating margin -€145,217
down €145,217 (-20.4%), from €712,362 to €567,144
- Taxes -€134,067
down €134,067 (-99.3%), from €135,028 to €960
- Write-downs +€130,000
new in 2025: €130,000
- Staff costs +€34,370
up €34,370 (+13.7%), from €251,768 to €286,137
- Financial charges +€10,826
up €10,826 (+25.4%), from €42,613 to €53,438
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 | €4,614,295 | €4,161,061 | -€453,233 | -9.8% |
| Fixed assets | 21/28 | €154,177 | €581,108 | +€426,931 | +277% |
| Intangible fixed assets | 21 | - | €183,000 | +€183,000 | |
| Tangible fixed assets | 22/27 | €32,705 | €294,065 | +€261,360 | +799% |
| Plant, machinery and equipment | 23 | €12,998 | €28,349 | +€15,351 | +118% |
| Furniture and vehicles | 24 | €19,707 | €265,717 | +€246,009 | +1,248% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €121,472 | €104,043 | -€17,429 | -14.3% |
| Current assets | 29/58 | €4,460,118 | €3,579,953 | -€880,164 | -19.7% |
| Amounts receivable after more than one year | 29 | €265,847 | - | -€265,847 | |
| Trade receivables | 290 | €265,847 | - | -€265,847 | |
| Stocks and contracts in progress | 3 | €270,000 | €539,950 | +€269,950 | +100.0% |
| Stocks | 30/36 | €270,000 | €539,950 | +€269,950 | +100.0% |
| Amounts receivable within one year | 40/41 | €2,128,903 | €1,901,909 | -€226,994 | -10.7% |
| Trade receivables | 40 | €1,941,407 | €1,633,016 | -€308,391 | -15.9% |
| Other amounts receivable | 41 | €187,496 | €268,893 | +€81,396 | +43.4% |
| Cash at bank and in hand | 54/58 | €1,794,618 | €777,024 | -€1.0m | -56.7% |
| Deferred charges and accrued income | 490/1 | €750 | €361,070 | +€360,320 | +48,043% |
| Total equity and liabilities | 10/49 | €4,614,295 | €4,161,061 | -€453,233 | -9.8% |
| Equity | 10/15 | €1,971,002 | €1,910,827 | -€60,175 | -3.1% |
| Contributions | 10/11 | €820,000 | €820,000 | = | 0.0% |
| Reserves | 13 | €1,151,002 | €1,107,231 | -€43,770 | -3.8% |
| Distributable reserves | 133 | €1,151,002 | €1,107,231 | -€43,770 | -3.8% |
| Profit (loss) carried forward | 14 | - | -€16,405 | -€16,405 | |
| Amounts payable | 17/49 | €2,643,293 | €2,250,235 | -€393,058 | -14.9% |
| Amounts payable within one year | 42/48 | €1,670,834 | €1,835,431 | +€164,596 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €19,440 | +€19,440 | |
| Financial debts | 43 | €861,596 | €1,270,000 | +€408,404 | +47.4% |
| Credit institutions | 430/8 | €861,596 | €1,270,000 | +€408,404 | +47.4% |
| Trade debts | 44 | €560,633 | €505,434 | -€55,199 | -9.8% |
| Suppliers | 440/4 | €560,633 | €505,434 | -€55,199 | -9.8% |
| Taxes, remuneration and social security | 45 | €248,606 | €40,557 | -€208,049 | -83.7% |
| Taxes | 450/3 | €220,695 | €5,697 | -€214,998 | -97.4% |
| Remuneration and social security | 454/9 | €27,910 | €34,860 | +€6,949 | +24.9% |
| Accrued charges and deferred income | 492/3 | €972,459 | €414,804 | -€557,655 | -57.3% |
| Remuneration, social security and pensions | 62 | €251,768 | €286,137 | +€34,370 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,352 | €36,256 | +€1,905 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €130,000 | +€130,000 | |
| Other operating charges | 640/8 | €4,344 | €12,527 | +€8,184 | +188% |
| Non-recurring operating charges | 66A | - | €123,917 | +€123,917 | |
| Gross operating margin | 9900 | €712,362 | €567,144 | -€145,217 | -20.4% |
| Operating profit (loss) | 9901 | €421,899 | -€21,694 | -€443,593 | |
| Financial income | 75/76B | €13,917 | €15,918 | +€2,001 | +14.4% |
| Recurring financial income | 75 | €13,917 | €15,918 | +€2,001 | +14.4% |
| Financial charges | 65/66B | €42,613 | €53,438 | +€10,826 | +25.4% |
| Recurring financial charges | 65 | €42,613 | €53,438 | +€10,826 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €393,203 | -€59,215 | -€452,418 | |
| Income taxes | 67/77 | €135,028 | €960 | -€134,067 | -99.3% |
| Profit (loss) for the period | 9904 | €258,176 | -€60,175 | -€318,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,176 | -€60,175 | -€318,351 |
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 20 October 2026 via checked.be.