Eli Infi: 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.
Eli Infi
Largest movements
- Receivables after one year -€59,833
down €59,833 (-34.0%), from €175,798 to €115,965
- Tangible fixed assets +€49,983
up €49,983 (+11.9%), from €420,415 to €470,398
of which Other tangible fixed assets: +€85,119
- Current investments +€43,000
up €43,000 (+64179.1%), from €67 to €43,067
- Cash -€39,321
down €39,321 (-43.1%), from €91,238 to €51,917
mainly Investment in fixed assets (net) (-€106,545) and Contributions, distributions and other (-€71,429)
- Reserves +€65,000
up €65,000 (+15.3%), from €426,000 to €491,000
- Debts after one year -€55,275
down €55,275 (-51.4%), from €107,618 to €52,344
- Taxes +€71,958
up €71,958 (+150.7%), from €47,762 to €119,720
- Gross operating margin +€17,859
up €17,859 (+6.0%), from €299,957 to €317,815
- Financial charges -€15,510
down €15,510 (-79.9%), from €19,413 to €3,903
- Staff costs -€6,977
no longer reported in 2025 (was €6,977)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,946 | €747,685 | -€2,261 | -0.3% |
| Fixed assets | 21/28 | €420,492 | €470,475 | +€49,983 | +11.9% |
| Tangible fixed assets | 22/27 | €420,415 | €470,398 | +€49,983 | +11.9% |
| Land and buildings | 22 | €244,604 | €229,464 | -€15,141 | -6.2% |
| Plant, machinery and equipment | 23 | €2,218 | €1,713 | -€505 | -22.8% |
| Furniture and vehicles | 24 | €68,731 | €49,240 | -€19,491 | -28.4% |
| Other tangible fixed assets | 26 | €104,862 | €189,981 | +€85,119 | +81.2% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €329,454 | €277,210 | -€52,244 | -15.9% |
| Amounts receivable after more than one year | 29 | €175,798 | €115,965 | -€59,833 | -34.0% |
| Trade receivables | 290 | €175,798 | €115,965 | -€59,833 | -34.0% |
| Amounts receivable within one year | 40/41 | €62,351 | €66,261 | +€3,910 | +6.3% |
| Other amounts receivable | 41 | €62,351 | €66,261 | +€3,910 | +6.3% |
| Current investments | 50/53 | €67 | €43,067 | +€43,000 | +64179.1% |
| Cash at bank and in hand | 54/58 | €91,238 | €51,917 | -€39,321 | -43.1% |
| Total equity and liabilities | 10/49 | €749,946 | €747,685 | -€2,261 | -0.3% |
| Equity | 10/15 | €439,858 | €504,147 | +€64,289 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €426,000 | €491,000 | +€65,000 | +15.3% |
| Distributable reserves | 133 | €426,000 | €491,000 | +€65,000 | +15.3% |
| Profit (loss) carried forward | 14 | €1,458 | €747 | -€711 | -48.7% |
| Amounts payable | 17/49 | €310,088 | €243,538 | -€66,550 | -21.5% |
| Amounts payable after more than one year | 17 | €107,618 | €52,344 | -€55,275 | -51.4% |
| Financial debts | 170/4 | €107,618 | €52,344 | -€55,275 | -51.4% |
| Amounts payable within one year | 42/48 | €202,469 | €191,194 | -€11,276 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €65,633 | €61,016 | -€4,617 | -7.0% |
| Trade debts | 44 | €1,434 | €1,030 | -€404 | -28.2% |
| Suppliers | 440/4 | €1,434 | €1,030 | -€404 | -28.2% |
| Taxes, remuneration and social security | 45 | €135,402 | €129,148 | -€6,254 | -4.6% |
| Taxes | 450/3 | €129,549 | €129,148 | -€401 | -0.3% |
| Remuneration and social security | 454/9 | €5,853 | - | -€5,853 | |
| Remuneration, social security and pensions | 62 | €6,977 | - | -€6,977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,310 | €56,562 | +€2,253 | +4.1% |
| Other operating charges | 640/8 | €3,229 | €1,912 | -€1,317 | -40.8% |
| Non-recurring operating charges | 66A | €84,032 | - | -€84,032 | |
| Gross operating margin | 9900 | €299,957 | €317,815 | +€17,859 | +6.0% |
| Operating profit (loss) | 9901 | €151,409 | €259,341 | +€107,932 | +71.3% |
| Financial charges | 65/66B | €19,413 | €3,903 | -€15,510 | -79.9% |
| Recurring financial charges | 65 | €19,413 | €3,903 | -€15,510 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €131,996 | €255,438 | +€123,442 | +93.5% |
| Income taxes | 67/77 | €47,762 | €119,720 | +€71,958 | +150.7% |
| Profit (loss) for the period | 9904 | €84,234 | €135,718 | +€51,484 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,234 | €135,718 | +€51,484 | +61.1% |
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 3 October 2026 via checked.be.