GMR Infinity: 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.
GMR Infinity
Largest movements
- Cash +€53,772
up €53,772 (+66.8%), from €80,511 to €134,283
mainly Net result for the year (+€72,927) and Depreciation (+€1,183)
- Receivables within one year +€1,815
up €1,815 (+6.0%), from €30,401 to €32,216
- Reserves +€72,927
up €72,927 (+88.4%), from €82,460 to €155,387
- Tax, wage and social debts -€18,409
down €18,409 (-62.7%), from €29,355 to €10,946
- Gross operating margin -€11,323
down €11,323 (-10.9%), from €104,103 to €92,781
- Taxes -€2,759
down €2,759 (-13.0%), from €21,290 to €18,531
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 | €113,041 | €167,446 | +€54,405 | +48.1% |
| Fixed assets | 21/28 | €2,129 | €947 | -€1,183 | -55.5% |
| Tangible fixed assets | 22/27 | €2,129 | €947 | -€1,183 | -55.5% |
| Furniture and vehicles | 24 | €2,129 | €947 | -€1,183 | -55.5% |
| Current assets | 29/58 | €110,912 | €166,499 | +€55,587 | +50.1% |
| Amounts receivable within one year | 40/41 | €30,401 | €32,216 | +€1,815 | +6.0% |
| Trade receivables | 40 | €30,401 | €32,216 | +€1,815 | +6.0% |
| Cash at bank and in hand | 54/58 | €80,511 | €134,283 | +€53,772 | +66.8% |
| Total equity and liabilities | 10/49 | €113,041 | €167,446 | +€54,405 | +48.1% |
| Equity | 10/15 | €82,461 | €155,388 | +€72,927 | +88.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €82,460 | €155,387 | +€72,927 | +88.4% |
| Distributable reserves | 133 | €82,460 | €155,387 | +€72,927 | +88.4% |
| Amounts payable | 17/49 | €30,580 | €12,058 | -€18,522 | -60.6% |
| Amounts payable within one year | 42/48 | €30,580 | €12,058 | -€18,522 | -60.6% |
| Trade debts | 44 | €1,225 | €1,112 | -€113 | -9.2% |
| Suppliers | 440/4 | €1,225 | €1,112 | -€113 | -9.2% |
| Taxes, remuneration and social security | 45 | €29,355 | €10,946 | -€18,409 | -62.7% |
| Taxes | 450/3 | €29,355 | €10,946 | -€18,409 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €1,183 | +€947 | +401% |
| Gross operating margin | 9900 | €104,103 | €92,781 | -€11,323 | -10.9% |
| Operating profit (loss) | 9901 | €103,867 | €91,598 | -€12,269 | -11.8% |
| Financial charges | 65/66B | €117 | €140 | +€23 | +19.9% |
| Recurring financial charges | 65 | €117 | €140 | +€23 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €103,751 | €91,458 | -€12,292 | -11.8% |
| Income taxes | 67/77 | €21,290 | €18,531 | -€2,759 | -13.0% |
| Profit (loss) for the period | 9904 | €82,460 | €72,927 | -€9,533 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,460 | €72,927 | -€9,533 | -11.6% |
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 14 October 2026 via checked.be.