INFINAT: 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.
INFINAT
Largest movements
- Tangible fixed assets +€227,142
up €227,142 (+4389.7%), from €5,174 to €232,316
of which Land and buildings: +€223,983
- Current assets -€18,332
down €18,332 (-29.9%), from €61,283 to €42,951
of which Receivables within one year: -€10,540
- Debts +€239,242
up €239,242 (+1042.9%), from €22,941 to €262,183
of which Debts after one year: +€227,240
- Profit (loss) carried forward -€30,433
down €30,433, from €25,783 to -€4,650
- Gross operating margin +€17,168
up €17,168 (+290.3%), from €5,914 to €23,083
- Depreciation +€7,833
up €7,833 (+161.0%), from €4,866 to €12,698
- Financial charges +€7,107
new in 2020: €7,107
- Other operating charges +€2,745
new in 2020: €2,745
From the 2018 result to the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,463 | €275,272 | +€208,810 | +314.2% |
| Fixed assets | 21/28 | €5,179 | €232,321 | +€227,142 | +4385.5% |
| Tangible fixed assets | 22/27 | €5,174 | €232,316 | +€227,142 | +4389.7% |
| Land and buildings | 22 | - | €223,983 | +€223,983 | |
| Plant, machinery and equipment | 23 | - | €8,135 | +€8,135 | |
| Other tangible fixed assets | 26 | - | €198 | +€198 | |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €61,283 | €42,951 | -€18,332 | -29.9% |
| Amounts receivable within one year | 40/41 | €53,048 | €42,508 | -€10,540 | -19.9% |
| Trade receivables | 40 | - | €25,547 | +€25,547 | |
| Other amounts receivable | 41 | - | €16,961 | +€16,961 | |
| Cash at bank and in hand | 54/58 | €8,020 | €345 | -€7,675 | -95.7% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €66,463 | €275,272 | +€208,810 | +314.2% |
| Equity | 10/15 | €43,522 | €13,089 | -€30,433 | -69.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,539 | €11,539 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €9,679 | +€9,679 | |
| Profit (loss) carried forward | 14 | €25,783 | -€4,650 | -€30,433 | |
| Amounts payable | 17/49 | €22,941 | €262,183 | +€239,242 | +1042.9% |
| Amounts payable after more than one year | 17 | - | €227,240 | +€227,240 | |
| Financial debts | 170/4 | - | €227,240 | +€227,240 | |
| Amounts payable within one year | 42/48 | €22,711 | €34,474 | +€11,764 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,760 | +€12,760 | |
| Financial debts | 43 | - | €456 | +€456 | |
| Credit institutions | 430/8 | - | €456 | +€456 | |
| Trade debts | 44 | €5,673 | €4,986 | -€687 | -12.1% |
| Suppliers | 440/4 | - | €4,986 | +€4,986 | |
| Taxes, remuneration and social security | 45 | - | €14,161 | +€14,161 | |
| Taxes | 450/3 | - | €14,161 | +€14,161 | |
| Other amounts payable | 47/48 | - | €2,110 | +€2,110 | |
| Accrued charges and deferred income | 492/3 | - | €469 | +€469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,866 | €12,698 | +€7,833 | +161.0% |
| Other operating charges | 640/8 | - | €2,745 | +€2,745 | |
| Gross operating margin | 9900 | €5,914 | €23,083 | +€17,168 | +290.3% |
| Operating profit (loss) | 9901 | -€3,985 | €7,639 | +€11,623 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9900.0% |
| Financial charges | 65/66B | - | €7,107 | +€7,107 | |
| Recurring financial charges | 65 | €653 | €7,107 | +€6,453 | +987.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,638 | €533 | +€5,171 | |
| Income taxes | 67/77 | €407 | €241 | -€166 | -40.7% |
| Profit (loss) for the period | 9904 | -€5,044 | €292 | +€5,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,044 | €292 | +€5,337 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.