INFINEM: 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.
INFINEM
Largest movements
- Receivables within one year +€20,876
up €20,876 (+171%), from €12,238 to €33,114
of which Other amounts receivable: +€19,866
- Cash -€4,423
down €4,423 (-59.9%), from €7,384 to €2,961
mainly Receivables within one year (-€20,876) and Tax, wage and social debts (-€7,306)
- Tangible fixed assets -€3,183
down €3,183 (-17.3%), from €18,380 to €15,197
- Profit (loss) carried forward +€19,756
up €19,756 (+86.1%), from €22,937 to €42,693
- Tax, wage and social debts -€7,306
down €7,306 (-66.7%), from €10,949 to €3,643
- Trade debts +€520
up €520 (+849%), from €61 to €581
- Depreciation +€5,211
up €5,211 (+203%), from €2,562 to €7,773
- Gross operating margin +€2,901
up €2,901 (+8.9%), from €32,747 to €35,648
- Taxes +€1,189
up €1,189 (+19.4%), from €6,117 to €7,306
- Other operating charges -€436
down €436 (-38.4%), from €1,137 to €701
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 | €38,947 | €51,917 | +€12,970 | +33.3% |
| Fixed assets | 21/28 | €18,380 | €15,197 | -€3,183 | -17.3% |
| Tangible fixed assets | 22/27 | €18,380 | €15,197 | -€3,183 | -17.3% |
| Furniture and vehicles | 24 | €18,380 | €15,197 | -€3,183 | -17.3% |
| Current assets | 29/58 | €20,568 | €36,720 | +€16,152 | +78.5% |
| Amounts receivable within one year | 40/41 | €12,238 | €33,114 | +€20,876 | +171% |
| Trade receivables | 40 | €11,132 | €12,142 | +€1,010 | +9.1% |
| Other amounts receivable | 41 | €1,106 | €20,973 | +€19,866 | +1,796% |
| Cash at bank and in hand | 54/58 | €7,384 | €2,961 | -€4,423 | -59.9% |
| Deferred charges and accrued income | 490/1 | €945 | €645 | -€301 | -31.8% |
| Total equity and liabilities | 10/49 | €38,947 | €51,917 | +€12,970 | +33.3% |
| Equity | 10/15 | €27,937 | €47,693 | +€19,756 | +70.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,937 | €42,693 | +€19,756 | +86.1% |
| Amounts payable | 17/49 | €11,010 | €4,224 | -€6,786 | -61.6% |
| Amounts payable within one year | 42/48 | €11,010 | €4,224 | -€6,786 | -61.6% |
| Trade debts | 44 | €61 | €581 | +€520 | +849% |
| Suppliers | 440/4 | €61 | €581 | +€520 | +849% |
| Taxes, remuneration and social security | 45 | €10,949 | €3,643 | -€7,306 | -66.7% |
| Taxes | 450/3 | €10,949 | €3,643 | -€7,306 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,562 | €7,773 | +€5,211 | +203% |
| Other operating charges | 640/8 | €1,137 | €701 | -€436 | -38.4% |
| Gross operating margin | 9900 | €32,747 | €35,648 | +€2,901 | +8.9% |
| Operating profit (loss) | 9901 | €29,048 | €27,174 | -€1,874 | -6.5% |
| Financial income | 75/76B | €10 | €6 | -€4 | -41.3% |
| Recurring financial income | 75 | €10 | €6 | -€4 | -41.3% |
| Financial charges | 65/66B | €4 | €118 | +€114 | +2,753% |
| Recurring financial charges | 65 | €4 | €118 | +€114 | +2,753% |
| Profit (loss) for the period before taxes | 9903 | €29,054 | €27,062 | -€1,992 | -6.9% |
| Income taxes | 67/77 | €6,117 | €7,306 | +€1,189 | +19.4% |
| Profit (loss) for the period | 9904 | €22,937 | €19,756 | -€3,181 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,937 | €19,756 | -€3,181 | -13.9% |
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.