INFINAS: 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.
INFINAS
Largest movements
- Cash +€79,710
up €79,710 (+99.2%), from €80,331 to €160,041
mainly Receivables within one year (+€66,404) and Net result for the year (+€52,237)
- Receivables within one year -€66,404
down €66,404 (-37.0%), from €179,702 to €113,298
of which Trade receivables: -€77,611
- Tangible fixed assets -€43,234
down €43,234 (-8.3%), from €520,555 to €477,321
of which Land and buildings: -€25,828
- Reserves +€52,237
up €52,237 (+11.2%), from €465,716 to €517,953
of which Distributable reserves: +€52,237
- Other debts -€33,748
down €33,748 (-27.7%), from €121,781 to €88,033
- Debts after one year -€30,748
down €30,748 (-74.5%), from €41,258 to €10,509
- Tax, wage and social debts -€23,375
down €23,375 (-44.2%), from €52,844 to €29,469
of which Taxes: -€18,208
- Gross operating margin -€92,828
down €92,828 (-22.4%), from €414,101 to €321,273
- Staff costs -€32,184
down €32,184 (-14.6%), from €221,012 to €188,828
- Taxes -€20,809
down €20,809 (-46.7%), from €44,573 to €23,764
- Write-downs +€6,801
up €6,801 (+93.2%), from -€7,294 to -€493
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 | €781,081 | €750,753 | -€30,328 | -3.9% |
| Fixed assets | 21/28 | €520,648 | €477,414 | -€43,234 | -8.3% |
| Tangible fixed assets | 22/27 | €520,555 | €477,321 | -€43,234 | -8.3% |
| Land and buildings | 22 | €422,419 | €396,591 | -€25,828 | -6.1% |
| Plant, machinery and equipment | 23 | €729 | €638 | -€91 | -12.4% |
| Furniture and vehicles | 24 | €97,407 | €80,091 | -€17,316 | -17.8% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €260,434 | €273,339 | +€12,906 | +5.0% |
| Amounts receivable within one year | 40/41 | €179,702 | €113,298 | -€66,404 | -37.0% |
| Trade receivables | 40 | €179,609 | €101,998 | -€77,611 | -43.2% |
| Other amounts receivable | 41 | €93 | €11,300 | +€11,207 | +12,049% |
| Cash at bank and in hand | 54/58 | €80,331 | €160,041 | +€79,710 | +99.2% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €781,081 | €750,753 | -€30,328 | -3.9% |
| Equity | 10/15 | €527,716 | €579,953 | +€52,237 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €465,716 | €517,953 | +€52,237 | +11.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €440,766 | €493,003 | +€52,237 | +11.9% |
| Amounts payable | 17/49 | €253,365 | €170,800 | -€82,565 | -32.6% |
| Amounts payable after more than one year | 17 | €41,258 | €10,509 | -€30,748 | -74.5% |
| Financial debts | 170/4 | €41,258 | €10,509 | -€30,748 | -74.5% |
| Amounts payable within one year | 42/48 | €212,108 | €160,291 | -€51,817 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €29,612 | €30,748 | +€1,136 | +3.8% |
| Trade debts | 44 | €7,871 | €12,040 | +€4,169 | +53.0% |
| Suppliers | 440/4 | €7,871 | €12,040 | +€4,169 | +53.0% |
| Taxes, remuneration and social security | 45 | €52,844 | €29,469 | -€23,375 | -44.2% |
| Taxes | 450/3 | €25,571 | €7,363 | -€18,208 | -71.2% |
| Remuneration and social security | 454/9 | €27,273 | €22,106 | -€5,167 | -18.9% |
| Other amounts payable | 47/48 | €121,781 | €88,033 | -€33,748 | -27.7% |
| Non-recurring operating income | 76A | €3,167 | €133 | -€3,034 | -95.8% |
| Remuneration, social security and pensions | 62 | €221,012 | €188,828 | -€32,184 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,622 | €50,565 | -€1,057 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,294 | -€493 | +€6,801 | +93.2% |
| Other operating charges | 640/8 | €7,691 | €5,883 | -€1,808 | -23.5% |
| Non-recurring operating charges | 66A | - | €467 | +€467 | |
| Gross operating margin | 9900 | €414,101 | €321,273 | -€92,828 | -22.4% |
| Operating profit (loss) | 9901 | €141,071 | €76,023 | -€65,048 | -46.1% |
| Financial income | 75/76B | €1,901 | €2,300 | +€399 | +21.0% |
| Recurring financial income | 75 | €1,901 | €2,300 | +€399 | +21.0% |
| Financial charges | 65/66B | €2,623 | €2,321 | -€301 | -11.5% |
| Recurring financial charges | 65 | €2,623 | €2,321 | -€301 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €140,349 | €76,001 | -€64,348 | -45.8% |
| Income taxes | 67/77 | €44,573 | €23,764 | -€20,809 | -46.7% |
| Profit (loss) for the period | 9904 | €95,776 | €52,237 | -€43,538 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,776 | €52,237 | -€43,538 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.