INFI EVOLUTION: 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.
INFI EVOLUTION
Largest movements
- Tangible fixed assets +€23,909
up €23,909 (+22.5%), from €106,051 to €129,960
of which Plant, machinery and equipment: +€37,463
- Receivables within one year -€18,494
no longer reported in 2025 (was €18,494)
of which Trade receivables: -€13,494
- Deferred charges and accrued income +€11,785
up €11,785 (+491.4%), from €2,398 to €14,183
- Intangible fixed assets -€10,000
down €10,000 (-18.2%), from €55,000 to €45,000
- Profit (loss) carried forward +€81,000
up €81,000 (+25623.1%), from €316 to €81,316
- Reserves -€39,700
no longer reported in 2025 (was €39,700)
- Other debts -€28,172
down €28,172 (-83.9%), from €33,582 to €5,410
- Tax, wage and social debts -€8,372
down €8,372 (-81.4%), from €10,290 to €1,917
of which Taxes: -€6,672
- Short-term financial debts -€3,911
down €3,911 (-48.9%), from €8,000 to €4,089
- Gross operating margin +€25,546
up €25,546 (+50.9%), from €50,171 to €75,717
- Taxes +€3,986
up €3,986 (+44.4%), from €8,985 to €12,971
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 | €187,081 | €193,811 | +€6,730 | +3.6% |
| Fixed assets | 21/28 | €161,051 | €174,960 | +€13,909 | +8.6% |
| Intangible fixed assets | 21 | €55,000 | €45,000 | -€10,000 | -18.2% |
| Tangible fixed assets | 22/27 | €106,051 | €129,960 | +€23,909 | +22.5% |
| Land and buildings | 22 | €103,866 | €89,317 | -€14,549 | -14.0% |
| Plant, machinery and equipment | 23 | - | €37,463 | +€37,463 | |
| Furniture and vehicles | 24 | €2,185 | €3,180 | +€995 | +45.5% |
| Current assets | 29/58 | €26,030 | €18,851 | -€7,179 | -27.6% |
| Amounts receivable within one year | 40/41 | €18,494 | - | -€18,494 | |
| Trade receivables | 40 | €13,494 | - | -€13,494 | |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €5,137 | €4,668 | -€469 | -9.1% |
| Deferred charges and accrued income | 490/1 | €2,398 | €14,183 | +€11,785 | +491.4% |
| Total equity and liabilities | 10/49 | €187,081 | €193,811 | +€6,730 | +3.6% |
| Equity | 10/15 | €45,016 | €86,316 | +€41,300 | +91.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,700 | - | -€39,700 | |
| Distributable reserves | 133 | €39,700 | - | -€39,700 | |
| Profit (loss) carried forward | 14 | €316 | €81,316 | +€81,000 | +25623.1% |
| Amounts payable | 17/49 | €142,065 | €107,495 | -€34,570 | -24.3% |
| Amounts payable after more than one year | 17 | €83,767 | €87,187 | +€3,419 | +4.1% |
| Financial debts | 170/4 | €83,767 | €87,187 | +€3,419 | +4.1% |
| Amounts payable within one year | 42/48 | €58,297 | €20,309 | -€37,989 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €3,246 | €6,581 | +€3,335 | +102.7% |
| Financial debts | 43 | €8,000 | €4,089 | -€3,911 | -48.9% |
| Credit institutions | 430/8 | €8,000 | €4,089 | -€3,911 | -48.9% |
| Trade debts | 44 | €3,179 | €2,311 | -€868 | -27.3% |
| Suppliers | 440/4 | €3,179 | €2,311 | -€868 | -27.3% |
| Taxes, remuneration and social security | 45 | €10,290 | €1,917 | -€8,372 | -81.4% |
| Taxes | 450/3 | €8,590 | €1,917 | -€6,672 | -77.7% |
| Remuneration and social security | 454/9 | €1,700 | - | -€1,700 | |
| Other amounts payable | 47/48 | €33,582 | €5,410 | -€28,172 | -83.9% |
| Non-recurring operating income | 76A | - | €7,211 | +€7,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,344 | €14,945 | +€600 | +4.2% |
| Other operating charges | 640/8 | €888 | €718 | -€170 | -19.1% |
| Non-recurring operating charges | 66A | - | €774 | +€774 | |
| Gross operating margin | 9900 | €50,171 | €75,717 | +€25,546 | +50.9% |
| Operating profit (loss) | 9901 | €34,939 | €59,279 | +€24,341 | +69.7% |
| Financial income | 75/76B | €13 | €312 | +€298 | +2234.0% |
| Recurring financial income | 75 | €13 | €312 | +€298 | +2234.0% |
| Financial charges | 65/66B | €4,927 | €5,321 | +€393 | +8.0% |
| Recurring financial charges | 65 | €4,927 | €5,321 | +€393 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €30,025 | €54,270 | +€24,246 | +80.8% |
| Income taxes | 67/77 | €8,985 | €12,971 | +€3,986 | +44.4% |
| Profit (loss) for the period | 9904 | €21,040 | €41,300 | +€20,259 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,040 | €41,300 | +€20,259 | +96.3% |
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.