INFINI: 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.
INFINI
Largest movements
- Tangible fixed assets -€69,406
down €69,406 (-10.8%), from €644,765 to €575,359
of which Plant, machinery and equipment: -€46,571
- Receivables within one year -€62,335
down €62,335 (-31.5%), from €197,673 to €135,338
of which Other amounts receivable: -€39,369
- Cash +€61,617
up €61,617 (+27.7%), from €222,081 to €283,698
mainly Depreciation (+€123,323) and Receivables within one year (+€62,335)
- Tax, wage and social debts -€19,366
down €19,366 (-55.3%), from €34,990 to €15,624
of which Taxes: -€18,297
- Debts after one year -€15,580
down €15,580 (-6.2%), from €251,437 to €235,857
- Other debts -€14,616
down €14,616 (-94.4%), from €15,491 to €875
- Gross operating margin -€23,730
down €23,730 (-9.8%), from €241,515 to €217,784
- Taxes -€9,899
down €9,899 (-98.0%), from €10,097 to €198
- Depreciation +€7,002
up €7,002 (+6.0%), from €116,321 to €123,323
- Staff costs +€6,936
up €6,936 (+7.7%), from €89,590 to €96,527
- Other operating charges +€6,675
up €6,675 (+74.8%), from €8,929 to €15,603
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 | €1,078,481 | €1,009,870 | -€68,611 | -6.4% |
| Fixed assets | 21/28 | €645,693 | €576,287 | -€69,406 | -10.7% |
| Tangible fixed assets | 22/27 | €644,765 | €575,359 | -€69,406 | -10.8% |
| Land and buildings | 22 | €469,505 | €439,776 | -€29,729 | -6.3% |
| Plant, machinery and equipment | 23 | €99,976 | €53,405 | -€46,571 | -46.6% |
| Furniture and vehicles | 24 | €75,284 | €82,178 | +€6,894 | +9.2% |
| Financial fixed assets | 28 | €928 | €928 | = | 0.0% |
| Current assets | 29/58 | €432,788 | €433,583 | +€795 | +0.2% |
| Amounts receivable within one year | 40/41 | €197,673 | €135,338 | -€62,335 | -31.5% |
| Trade receivables | 40 | €143,042 | €120,075 | -€22,967 | -16.1% |
| Other amounts receivable | 41 | €54,631 | €15,263 | -€39,369 | -72.1% |
| Cash at bank and in hand | 54/58 | €222,081 | €283,698 | +€61,617 | +27.7% |
| Deferred charges and accrued income | 490/1 | €13,034 | €14,547 | +€1,514 | +11.6% |
| Total equity and liabilities | 10/49 | €1,078,481 | €1,009,870 | -€68,611 | -6.4% |
| Equity | 10/15 | €677,166 | €657,025 | -€20,140 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €472,599 | €462,513 | -€10,086 | -2.1% |
| Tax-exempt reserves | 132 | €463,440 | €453,353 | -€10,086 | -2.2% |
| Distributable reserves | 133 | €9,160 | €9,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,967 | €175,912 | -€10,054 | -5.4% |
| Provisions and deferred taxes | 16 | €35,302 | €32,780 | -€2,522 | -7.1% |
| Deferred taxes | 168 | €35,302 | €32,780 | -€2,522 | -7.1% |
| Amounts payable | 17/49 | €366,013 | €320,065 | -€45,949 | -12.6% |
| Amounts payable after more than one year | 17 | €251,437 | €235,857 | -€15,580 | -6.2% |
| Financial debts | 170/4 | €251,437 | €235,857 | -€15,580 | -6.2% |
| Amounts payable within one year | 42/48 | €109,576 | €84,208 | -€25,369 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €32,173 | €31,912 | -€261 | -0.8% |
| Trade debts | 44 | €26,922 | €35,796 | +€8,874 | +33.0% |
| Suppliers | 440/4 | €26,922 | €35,796 | +€8,874 | +33.0% |
| Taxes, remuneration and social security | 45 | €34,990 | €15,624 | -€19,366 | -55.3% |
| Taxes | 450/3 | €20,808 | €2,511 | -€18,297 | -87.9% |
| Remuneration and social security | 454/9 | €14,182 | €13,114 | -€1,069 | -7.5% |
| Other amounts payable | 47/48 | €15,491 | €875 | -€14,616 | -94.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | €89,590 | €96,527 | +€6,936 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,321 | €123,323 | +€7,002 | +6.0% |
| Other operating charges | 640/8 | €8,929 | €15,603 | +€6,675 | +74.8% |
| Gross operating margin | 9900 | €241,515 | €217,784 | -€23,730 | -9.8% |
| Operating profit (loss) | 9901 | €26,674 | -€17,669 | -€44,343 | |
| Financial income | 75/76B | €1,239 | €682 | -€557 | -45.0% |
| Recurring financial income | 75 | €1,239 | €682 | -€557 | -45.0% |
| Financial charges | 65/66B | €6,946 | €4,633 | -€2,314 | -33.3% |
| Recurring financial charges | 65 | €6,946 | €4,633 | -€2,314 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €20,967 | -€21,620 | -€42,587 | |
| Transfer from deferred taxes | 780 | €2,522 | €2,522 | = | 0.0% |
| Income taxes | 67/77 | €10,097 | €198 | -€9,899 | -98.0% |
| Profit (loss) for the period | 9904 | €13,391 | -€19,296 | -€32,688 | |
| Transfer from tax-exempt reserves | 789 | €10,086 | €10,086 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,478 | -€9,210 | -€32,688 |
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 5 October 2026 via checked.be.