INFI RHEMA: 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 RHEMA
Largest movements
- Receivables within one year +€11,292
up €11,292 (+7.9%), from €142,102 to €153,395
- Tangible fixed assets -€5,650
down €5,650 (-22.9%), from €24,682 to €19,033
- Cash -€2,582
down €2,582 (-10.7%), from €24,022 to €21,441
mainly Receivables within one year (-€11,292) and Current portion of long-term debt (-€6,242)
- Tax, wage and social debts +€14,037
new in 2025: €14,037
- Current portion of long-term debt -€6,242
down €6,242 (-25.3%), from €24,627 to €18,385
- Profit (loss) carried forward -€3,539
down €3,539 (-2.2%), from €162,340 to €158,801
- Gross operating margin -€28,420
down €28,420 (-80.3%), from €35,391 to €6,971
- Financial charges -€3,592
down €3,592 (-88.9%), from €4,043 to €451
of which Non-recurring financial charges: -€2,880
- Depreciation +€1,284
up €1,284 (+29.4%), from €4,365 to €5,650
- Other operating charges -€982
down €982 (-51.2%), from €1,917 to €935
- Taxes +€980
up €980 (+12.4%), from €7,925 to €8,905
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 | €191,170 | €194,231 | +€3,061 | +1.6% |
| Fixed assets | 21/28 | €25,045 | €19,396 | -€5,650 | -22.6% |
| Tangible fixed assets | 22/27 | €24,682 | €19,033 | -€5,650 | -22.9% |
| Furniture and vehicles | 24 | €24,682 | €19,033 | -€5,650 | -22.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €166,125 | €174,835 | +€8,711 | +5.2% |
| Amounts receivable within one year | 40/41 | €142,102 | €153,395 | +€11,292 | +7.9% |
| Other amounts receivable | 41 | €142,102 | €153,395 | +€11,292 | +7.9% |
| Cash at bank and in hand | 54/58 | €24,022 | €21,441 | -€2,582 | -10.7% |
| Total equity and liabilities | 10/49 | €191,170 | €194,231 | +€3,061 | +1.6% |
| Equity | 10/15 | €165,195 | €161,656 | -€3,539 | -2.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,340 | €158,801 | -€3,539 | -2.2% |
| Amounts payable | 17/49 | €25,975 | €32,575 | +€6,600 | +25.4% |
| Amounts payable within one year | 42/48 | €25,975 | €32,575 | +€6,600 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €24,627 | €18,385 | -€6,242 | -25.3% |
| Trade debts | 44 | €1,348 | €153 | -€1,195 | -88.6% |
| Suppliers | 440/4 | €1,348 | €153 | -€1,195 | -88.6% |
| Taxes, remuneration and social security | 45 | - | €14,037 | +€14,037 | |
| Taxes | 450/3 | - | €14,037 | +€14,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,365 | €5,650 | +€1,284 | +29.4% |
| Other operating charges | 640/8 | €1,917 | €935 | -€982 | -51.2% |
| Gross operating margin | 9900 | €35,391 | €6,971 | -€28,420 | -80.3% |
| Operating profit (loss) | 9901 | €29,108 | €386 | -€28,722 | -98.7% |
| Financial income | 75/76B | €5,913 | €5,430 | -€483 | -8.2% |
| Recurring financial income | 75 | €5,913 | €5,430 | -€483 | -8.2% |
| Financial charges | 65/66B | €4,043 | €451 | -€3,592 | -88.9% |
| Recurring financial charges | 65 | €1,163 | €451 | -€712 | -61.3% |
| Non-recurring financial charges | 66B | €2,880 | - | -€2,880 | |
| Profit (loss) for the period before taxes | 9903 | €30,978 | €5,366 | -€25,612 | -82.7% |
| Income taxes | 67/77 | €7,925 | €8,905 | +€980 | +12.4% |
| Profit (loss) for the period | 9904 | €23,053 | -€3,539 | -€26,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,053 | -€3,539 | -€26,592 |
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 30 October 2026 via checked.be.