H.M Infi: 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.
H.M Infi
Largest movements
- Cash +€522
up €522 (+3.5%), from €15,115 to €15,637
mainly Tax, wage and social debts (+€2,394) and Depreciation (+€415)
- Tangible fixed assets -€414
down €414 (-49.9%), from €829 to €415
- Receivables within one year -€332
no longer reported in 2025 (was €332)
- Profit (loss) carried forward -€5,935
down €5,935, from €3,512 to -€2,423
- Reserves +€3,512
new in 2025: €3,512
- Tax, wage and social debts +€2,394
up €2,394 (+29.1%), from €8,239 to €10,633
- Other debts -€196
down €196 (-12.9%), from €1,525 to €1,329
- Gross operating margin -€12,711
down €12,711 (-93.8%), from €13,544 to €833
- Taxes -€3,582
down €3,582 (-63.1%), from €5,676 to €2,094
- Other operating charges -€1,693
down €1,693 (-70.7%), from €2,394 to €701
- Depreciation -€1,524
down €1,524 (-78.6%), from €1,939 to €415
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 | €16,276 | €16,052 | -€224 | -1.4% |
| Fixed assets | 21/28 | €829 | €415 | -€414 | -49.9% |
| Tangible fixed assets | 22/27 | €829 | €415 | -€414 | -49.9% |
| Plant, machinery and equipment | 23 | €829 | €415 | -€414 | -49.9% |
| Current assets | 29/58 | €15,447 | €15,637 | +€190 | +1.2% |
| Amounts receivable within one year | 40/41 | €332 | - | -€332 | |
| Trade receivables | 40 | €332 | - | -€332 | |
| Cash at bank and in hand | 54/58 | €15,115 | €15,637 | +€522 | +3.5% |
| Total equity and liabilities | 10/49 | €16,276 | €16,052 | -€224 | -1.4% |
| Equity | 10/15 | €6,512 | €4,089 | -€2,423 | -37.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €3,512 | +€3,512 | |
| Distributable reserves | 133 | - | €3,512 | +€3,512 | |
| Profit (loss) carried forward | 14 | €3,512 | -€2,423 | -€5,935 | |
| Amounts payable | 17/49 | €9,764 | €11,963 | +€2,199 | +22.5% |
| Amounts payable within one year | 42/48 | €9,764 | €11,962 | +€2,198 | +22.5% |
| Taxes, remuneration and social security | 45 | €8,239 | €10,633 | +€2,394 | +29.1% |
| Taxes | 450/3 | €8,239 | €10,633 | +€2,394 | +29.1% |
| Other amounts payable | 47/48 | €1,525 | €1,329 | -€196 | -12.9% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,939 | €415 | -€1,524 | -78.6% |
| Other operating charges | 640/8 | €2,394 | €701 | -€1,693 | -70.7% |
| Gross operating margin | 9900 | €13,544 | €833 | -€12,711 | -93.8% |
| Operating profit (loss) | 9901 | €9,211 | -€283 | -€9,494 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €24 | €46 | +€22 | +91.7% |
| Recurring financial charges | 65 | €24 | €46 | +€22 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €9,188 | -€329 | -€9,517 | |
| Income taxes | 67/77 | €5,676 | €2,094 | -€3,582 | -63.1% |
| Profit (loss) for the period | 9904 | €3,512 | -€2,423 | -€5,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,512 | -€2,423 | -€5,935 |
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 23 October 2026 via checked.be.