INFI'ZEN: 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'ZEN
Largest movements
- Tangible fixed assets -€12,213
down €12,213 (-53.7%), from €22,760 to €10,547
of which Leasing and similar rights: -€11,416
- Receivables within one year -€2,644
down €2,644 (-48.0%), from €5,508 to €2,864
of which Other amounts receivable: -€2,992
- Profit (loss) carried forward -€9,730
down €9,730 (-15.5%), from -€62,620 to -€72,350
- Debts after one year -€6,707
down €6,707 (-10.2%), from €65,707 to €59,000
of which Financial debts: -€6,707
- Current portion of long-term debt -€2,103
down €2,103 (-23.9%), from €8,810 to €6,707
- Other debts +€1,982
up €1,982 (+46.9%), from €4,223 to €6,205
- Trade debts +€1,768
up €1,768 (+1,717%), from €103 to €1,871
- Gross operating margin -€5,351
down €5,351 (-37.6%), from €14,218 to €8,867
- Other operating charges +€796
up €796 (+33.9%), from €2,350 to €3,146
- Depreciation -€221
down €221 (-1.8%), from €12,434 to €12,213
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,693 | €22,860 | -€14,833 | -39.4% |
| Fixed assets | 21/28 | €22,760 | €10,547 | -€12,213 | -53.7% |
| Tangible fixed assets | 22/27 | €22,760 | €10,547 | -€12,213 | -53.7% |
| Plant, machinery and equipment | 23 | €1,433 | €954 | -€479 | -33.4% |
| Furniture and vehicles | 24 | €404 | €85 | -€319 | -79.0% |
| Leasing and similar rights | 25 | €20,923 | €9,507 | -€11,416 | -54.6% |
| Current assets | 29/58 | €14,933 | €12,313 | -€2,620 | -17.5% |
| Amounts receivable within one year | 40/41 | €5,508 | €2,864 | -€2,644 | -48.0% |
| Trade receivables | 40 | €1,652 | €2,000 | +€348 | +21.1% |
| Other amounts receivable | 41 | €3,856 | €864 | -€2,992 | -77.6% |
| Deferred charges and accrued income | 490/1 | €9,425 | €9,449 | +€24 | +0.3% |
| Total equity and liabilities | 10/49 | €37,693 | €22,860 | -€14,833 | -39.4% |
| Equity | 10/15 | -€56,420 | -€66,150 | -€9,730 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,620 | -€72,350 | -€9,730 | -15.5% |
| Amounts payable | 17/49 | €94,113 | €89,010 | -€5,103 | -5.4% |
| Amounts payable after more than one year | 17 | €65,707 | €59,000 | -€6,707 | -10.2% |
| Financial debts | 170/4 | €6,707 | €0 | -€6,707 | -100% |
| Trade debts | 175 | €59,000 | €59,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,044 | €29,594 | +€2,550 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,810 | €6,707 | -€2,103 | -23.9% |
| Financial debts | 43 | €12,908 | €12,811 | -€97 | -0.8% |
| Credit institutions | 430/8 | €12,908 | €12,811 | -€97 | -0.8% |
| Trade debts | 44 | €103 | €1,871 | +€1,768 | +1,717% |
| Suppliers | 440/4 | €103 | €1,871 | +€1,768 | +1,717% |
| Taxes, remuneration and social security | 45 | €1,000 | €2,000 | +€1,000 | +100% |
| Taxes | 450/3 | €1,000 | €500 | -€500 | -50.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €4,223 | €6,205 | +€1,982 | +46.9% |
| Accrued charges and deferred income | 492/3 | €1,362 | €415 | -€947 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,434 | €12,213 | -€221 | -1.8% |
| Other operating charges | 640/8 | €2,350 | €3,146 | +€796 | +33.9% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €14,218 | €8,867 | -€5,351 | -37.6% |
| Operating profit (loss) | 9901 | -€566 | -€6,676 | -€6,110 | -1,079% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €3,007 | €2,928 | -€79 | -2.6% |
| Recurring financial charges | 65 | €3,007 | €2,928 | -€79 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,573 | -€9,593 | -€6,020 | -168% |
| Income taxes | 67/77 | €144 | €136 | -€8 | -5.3% |
| Profit (loss) for the period | 9904 | -€3,717 | -€9,730 | -€6,013 | -162% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,717 | -€9,730 | -€6,013 | -162% |
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 17 October 2026 via checked.be.