INFI MORELLI: 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.
INFI MORELLI
Largest movements
- Cash -€1,055
down €1,055 (-61.3%), from €1,720 to €665
mainly Tax, wage and social debts (-€1,987) and Net result for the year (-€1,206)
- Tax, wage and social debts -€1,987
down €1,987 (-72.4%), from €2,744 to €757
- Trade debts +€1,904
up €1,904 (+227%), from €840 to €2,744
- Profit (loss) carried forward -€1,206
down €1,206 (-19.9%), from €6,055 to €4,850
- Turnover -€17,151
down €17,151 (-55.7%), from €30,789 to €13,638
- Purchases and services -€13,470
down €13,470 (-40.7%), from €33,114 to €19,643
- Gross operating margin -€7,610
down €7,610 (-93.6%), from €8,127 to €517
- Taxes -€1,987
down €1,987 (-72.4%), from €2,744 to €757
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 | €21,832 | €20,543 | -€1,289 | -5.9% |
| Fixed assets | 21/28 | €3,188 | €3,188 | = | 0.0% |
| Financial fixed assets | 28 | €3,188 | €3,188 | = | 0.0% |
| Current assets | 29/58 | €18,645 | €17,356 | -€1,289 | -6.9% |
| Amounts receivable within one year | 40/41 | €16,408 | €16,260 | -€148 | -0.9% |
| Trade receivables | 40 | - | €506 | +€506 | |
| Other amounts receivable | 41 | €16,408 | €15,755 | -€654 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,720 | €665 | -€1,055 | -61.3% |
| Deferred charges and accrued income | 490/1 | €517 | €431 | -€86 | -16.7% |
| Total equity and liabilities | 10/49 | €21,832 | €20,543 | -€1,289 | -5.9% |
| Equity | 10/15 | €18,248 | €17,043 | -€1,206 | -6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €0 | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | €0 | €12,400 | +€12,400 | |
| Contributions outside capital | 11 | €6,200 | €0 | -€6,200 | -100% |
| Share premium | 1100/10 | €6,200 | €0 | -€6,200 | -100% |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €5,993 | €5,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,133 | €4,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,055 | €4,850 | -€1,206 | -19.9% |
| Amounts payable | 17/49 | €3,584 | €3,501 | -€84 | -2.3% |
| Amounts payable within one year | 42/48 | €3,584 | €3,501 | -€84 | -2.3% |
| Trade debts | 44 | €840 | €2,744 | +€1,904 | +227% |
| Suppliers | 440/4 | €840 | €2,744 | +€1,904 | +227% |
| Taxes, remuneration and social security | 45 | €2,744 | €757 | -€1,987 | -72.4% |
| Taxes | 450/3 | €2,744 | €757 | -€1,987 | -72.4% |
| Turnover | 70 | €30,789 | €13,638 | -€17,151 | -55.7% |
| Non-recurring operating income | 76A | €10,451 | €6,522 | -€3,929 | -37.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,114 | €19,643 | -€13,470 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | - | -€233 | |
| Other operating charges | 640/8 | €729 | €709 | -€20 | -2.8% |
| Gross operating margin | 9900 | €8,127 | €517 | -€7,610 | -93.6% |
| Operating profit (loss) | 9901 | €7,164 | -€192 | -€7,356 | |
| Financial charges | 65/66B | €287 | €257 | -€31 | -10.6% |
| Recurring financial charges | 65 | €287 | €257 | -€31 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €6,877 | -€449 | -€7,326 | |
| Income taxes | 67/77 | €2,744 | €757 | -€1,987 | -72.4% |
| Profit (loss) for the period | 9904 | €4,133 | -€1,206 | -€5,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,133 | -€1,206 | -€5,339 |
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 18 October 2026 via checked.be.