Infi Serra: 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 Serra
Largest movements
- Receivables within one year +€21,407
up €21,407 (+718%), from €2,984 to €24,391
of which Trade receivables: +€17,532
- Financial fixed assets -€2,749
down €2,749 (-20.1%), from €13,682 to €10,933
- Tangible fixed assets +€2,570
up €2,570 (+110%), from €2,330 to €4,899
- Cash -€1,446
down €1,446 (-19.1%), from €7,562 to €6,116
mainly Receivables within one year (-€21,407) and Contributions, distributions and other (-€856)
- Reserves +€12,000
up €12,000 (+57.1%), from €21,000 to €33,000
- Other debts +€5,016
up €5,016 (+372%), from €1,347 to €6,364
- Tax, wage and social debts +€1,635
up €1,635 (+192%), from €850 to €2,485
- Trade debts +€596
up €596 (+53.9%), from €1,106 to €1,702
- Gross operating margin +€8,393
up €8,393 (+76.2%), from €11,021 to €19,414
- Taxes +€2,108
up €2,108 (+67.6%), from €3,116 to €5,225
- Other operating charges +€640
new in 2025: €640
- Financial income +€293
up €293 (+72.1%), from €406 to €699
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 | €26,800 | €46,377 | +€19,577 | +73.0% |
| Fixed assets | 21/28 | €16,012 | €15,832 | -€179 | -1.1% |
| Tangible fixed assets | 22/27 | €2,330 | €4,899 | +€2,570 | +110% |
| Furniture and vehicles | 24 | €2,330 | €4,899 | +€2,570 | +110% |
| Financial fixed assets | 28 | €13,682 | €10,933 | -€2,749 | -20.1% |
| Current assets | 29/58 | €10,788 | €30,544 | +€19,756 | +183% |
| Amounts receivable within one year | 40/41 | €2,984 | €24,391 | +€21,407 | +718% |
| Trade receivables | 40 | - | €17,532 | +€17,532 | |
| Other amounts receivable | 41 | €2,984 | €6,859 | +€3,875 | +130% |
| Cash at bank and in hand | 54/58 | €7,562 | €6,116 | -€1,446 | -19.1% |
| Deferred charges and accrued income | 490/1 | €242 | €37 | -€205 | -84.6% |
| Total equity and liabilities | 10/49 | €26,800 | €46,377 | +€19,577 | +73.0% |
| Equity | 10/15 | €23,496 | €35,826 | +€12,330 | +52.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €21,000 | €33,000 | +€12,000 | +57.1% |
| Distributable reserves | 133 | €21,000 | €33,000 | +€12,000 | +57.1% |
| Profit (loss) carried forward | 14 | €1,296 | €1,626 | +€330 | +25.4% |
| Amounts payable | 17/49 | €3,304 | €10,551 | +€7,247 | +219% |
| Amounts payable within one year | 42/48 | €3,304 | €10,551 | +€7,247 | +219% |
| Trade debts | 44 | €1,106 | €1,702 | +€596 | +53.9% |
| Suppliers | 440/4 | €1,106 | €1,702 | +€596 | +53.9% |
| Taxes, remuneration and social security | 45 | €850 | €2,485 | +€1,635 | +192% |
| Taxes | 450/3 | €850 | €2,485 | +€1,635 | +192% |
| Other amounts payable | 47/48 | €1,347 | €6,364 | +€5,016 | +372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €756 | -€18 | -2.3% |
| Other operating charges | 640/8 | - | €640 | +€640 | |
| Gross operating margin | 9900 | €11,021 | €19,414 | +€8,393 | +76.2% |
| Operating profit (loss) | 9901 | €10,247 | €18,018 | +€7,770 | +75.8% |
| Financial income | 75/76B | €406 | €699 | +€293 | +72.1% |
| Recurring financial income | 75 | €406 | €699 | +€293 | +72.1% |
| Financial charges | 65/66B | €188 | €307 | +€118 | +62.9% |
| Recurring financial charges | 65 | €188 | €307 | +€118 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €10,465 | €18,410 | +€7,945 | +75.9% |
| Income taxes | 67/77 | €3,116 | €5,225 | +€2,108 | +67.6% |
| Profit (loss) for the period | 9904 | €7,349 | €13,186 | +€5,837 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,349 | €13,186 | +€5,837 | +79.4% |
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 15 October 2026 via checked.be.