InfiNadia: 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.
InfiNadia
Largest movements
- Intangible fixed assets -€32,000
down €32,000 (-22.3%), from €143,762 to €111,762
- Cash +€9,272
up €9,272 (+386.3%), from €2,401 to €11,673
mainly Depreciation (+€32,115) and Current portion of long-term debt (+€21,000)
- Debts after one year -€39,581
down €39,581 (-26.4%), from €150,188 to €110,606
- Current portion of long-term debt +€21,000
new in 2025: €21,000
- Trade debts -€6,250
down €6,250 (-74.0%), from €8,447 to €2,197
- Profit (loss) carried forward +€4,172
up €4,172 (+62.0%), from €6,733 to €10,905
- Depreciation +€15,877
up €15,877 (+97.8%), from €16,238 to €32,115
- Gross operating margin +€14,785
up €14,785 (+21.2%), from €69,783 to €84,568
- Financial charges +€2,328
up €2,328 (+61.8%), from €3,767 to €6,095
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 | €181,102 | €161,219 | -€19,883 | -11.0% |
| Fixed assets | 21/28 | €143,762 | €112,639 | -€31,123 | -21.6% |
| Intangible fixed assets | 21 | €143,762 | €111,762 | -€32,000 | -22.3% |
| Tangible fixed assets | 22/27 | - | €877 | +€877 | |
| Furniture and vehicles | 24 | - | €877 | +€877 | |
| Current assets | 29/58 | €37,341 | €48,581 | +€11,240 | +30.1% |
| Amounts receivable within one year | 40/41 | €34,940 | €36,282 | +€1,342 | +3.8% |
| Trade receivables | 40 | €29,467 | - | -€29,467 | |
| Other amounts receivable | 41 | €5,473 | €36,282 | +€30,809 | +562.9% |
| Cash at bank and in hand | 54/58 | €2,401 | €11,673 | +€9,272 | +386.3% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €181,102 | €161,219 | -€19,883 | -11.0% |
| Equity | 10/15 | €9,733 | €13,905 | +€4,172 | +42.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,733 | €10,905 | +€4,172 | +62.0% |
| Amounts payable | 17/49 | €171,370 | €147,314 | -€24,055 | -14.0% |
| Amounts payable after more than one year | 17 | €150,188 | €110,606 | -€39,581 | -26.4% |
| Financial debts | 170/4 | €150,188 | €110,606 | -€39,581 | -26.4% |
| Amounts payable within one year | 42/48 | €20,795 | €36,708 | +€15,913 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | - | €21,000 | +€21,000 | |
| Trade debts | 44 | €8,447 | €2,197 | -€6,250 | -74.0% |
| Suppliers | 440/4 | €8,447 | €2,197 | -€6,250 | -74.0% |
| Taxes, remuneration and social security | 45 | €12,348 | €13,511 | +€1,163 | +9.4% |
| Taxes | 450/3 | €4,073 | €5,945 | +€1,872 | +46.0% |
| Remuneration and social security | 454/9 | €8,275 | €7,567 | -€709 | -8.6% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Remuneration, social security and pensions | 62 | €40,173 | €39,999 | -€174 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,238 | €32,115 | +€15,877 | +97.8% |
| Other operating charges | 640/8 | €775 | €400 | -€375 | -48.4% |
| Gross operating margin | 9900 | €69,783 | €84,568 | +€14,785 | +21.2% |
| Operating profit (loss) | 9901 | €12,597 | €12,054 | -€544 | -4.3% |
| Financial charges | 65/66B | €3,767 | €6,095 | +€2,328 | +61.8% |
| Recurring financial charges | 65 | €3,767 | €6,095 | +€2,328 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €8,830 | €5,959 | -€2,871 | -32.5% |
| Income taxes | 67/77 | €2,098 | €1,787 | -€311 | -14.8% |
| Profit (loss) for the period | 9904 | €6,733 | €4,172 | -€2,560 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,733 | €4,172 | -€2,560 | -38.0% |
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.