INFI PROXY: 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 PROXY
Largest movements
- Receivables within one year +€26,490
up €26,490 (+59.4%), from €44,572 to €71,062
of which Trade receivables: +€21,967
- Tangible fixed assets -€20,549
down €20,549 (-4.9%), from €421,385 to €400,836
of which Land and buildings: -€17,635
- Cash +€10,273
up €10,273 (+30.1%), from €34,078 to €44,350
mainly Depreciation (+€23,083) and Net result for the year (+€19,894)
- Debts after one year -€29,964
down €29,964 (-13.5%), from €222,373 to €192,410
- Profit (loss) carried forward +€19,894
up €19,894 (+8.6%), from €232,126 to €252,020
- Trade debts +€19,040
new in 2025: €19,040
- Tax, wage and social debts +€13,206
up €13,206 (+165.1%), from €8,000 to €21,206
- Current portion of long-term debt -€5,467
down €5,467 (-23.3%), from €23,499 to €18,032
- Turnover -€14,995
down €14,995 (-11.8%), from €127,370 to €112,375
- Purchases and services -€11,198
down €11,198 (-16.6%), from €67,352 to €56,154
- Gross operating margin -€5,457
down €5,457 (-8.8%), from €61,679 to €56,222
- Financial charges -€4,950
down €4,950 (-59.3%), from €8,353 to €3,403
- Other operating charges +€1,859
up €1,859 (+157.9%), from €1,177 to €3,035
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 | €500,258 | €516,967 | +€16,709 | +3.3% |
| Fixed assets | 21/28 | €421,466 | €400,917 | -€20,549 | -4.9% |
| Tangible fixed assets | 22/27 | €421,385 | €400,836 | -€20,549 | -4.9% |
| Land and buildings | 22 | €411,515 | €393,881 | -€17,635 | -4.3% |
| Furniture and vehicles | 24 | €9,870 | €6,956 | -€2,915 | -29.5% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €78,792 | €116,051 | +€37,259 | +47.3% |
| Amounts receivable within one year | 40/41 | €44,572 | €71,062 | +€26,490 | +59.4% |
| Trade receivables | 40 | €25,676 | €47,642 | +€21,967 | +85.6% |
| Other amounts receivable | 41 | €18,896 | €23,420 | +€4,523 | +23.9% |
| Cash at bank and in hand | 54/58 | €34,078 | €44,350 | +€10,273 | +30.1% |
| Deferred charges and accrued income | 490/1 | €142 | €638 | +€496 | +348.9% |
| Total equity and liabilities | 10/49 | €500,258 | €516,967 | +€16,709 | +3.3% |
| Equity | 10/15 | €246,386 | €266,280 | +€19,894 | +8.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,126 | €252,020 | +€19,894 | +8.6% |
| Amounts payable | 17/49 | €253,873 | €250,687 | -€3,185 | -1.3% |
| Amounts payable after more than one year | 17 | €222,373 | €192,410 | -€29,964 | -13.5% |
| Financial debts | 170/4 | €222,373 | €192,410 | -€29,964 | -13.5% |
| Amounts payable within one year | 42/48 | €31,499 | €58,277 | +€26,778 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €23,499 | €18,032 | -€5,467 | -23.3% |
| Trade debts | 44 | - | €19,040 | +€19,040 | |
| Suppliers | 440/4 | - | €19,040 | +€19,040 | |
| Taxes, remuneration and social security | 45 | €8,000 | €21,206 | +€13,206 | +165.1% |
| Taxes | 450/3 | €8,000 | €21,206 | +€13,206 | +165.1% |
| Turnover | 70 | €127,370 | €112,375 | -€14,995 | -11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,352 | €56,154 | -€11,198 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,372 | €23,083 | +€711 | +3.2% |
| Other operating charges | 640/8 | €1,177 | €3,035 | +€1,859 | +157.9% |
| Gross operating margin | 9900 | €61,679 | €56,222 | -€5,457 | -8.8% |
| Operating profit (loss) | 9901 | €38,130 | €30,103 | -€8,027 | -21.1% |
| Financial charges | 65/66B | €8,353 | €3,403 | -€4,950 | -59.3% |
| Recurring financial charges | 65 | €8,353 | €3,403 | -€4,950 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €29,777 | €26,700 | -€3,077 | -10.3% |
| Income taxes | 67/77 | €8,154 | €6,806 | -€1,348 | -16.5% |
| Profit (loss) for the period | 9904 | €21,623 | €19,894 | -€1,728 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,623 | €19,894 | -€1,728 | -8.0% |
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 2 October 2026 via checked.be.