INFINIA GROUP: 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.
INFINIA GROUP
Largest movements
- Receivables within one year +€311,833
up €311,833 (+8718.5%), from €3,577 to €315,410
of which Trade receivables: +€275,469
- Intangible fixed assets -€199,966
down €199,966 (-17.6%), from €1.1m to €933,597
- Cash -€45,502
down €45,502 (-35.9%), from €126,759 to €81,256
mainly Receivables within one year (-€311,833) and Debts after one year (-€180,073)
- Profit (loss) carried forward +€273,302
up €273,302 (+8642.0%), from €3,162 to €276,464
- Debts after one year -€180,073
down €180,073 (-23.6%), from €762,922 to €582,849
- Current portion of long-term debt +€103,820
up €103,820 (+59.9%), from €173,403 to €277,224
- Short-term financial debts -€85,000
down €85,000 (-100.0%), from €85,000 to €0
- Other debts -€39,983
down €39,983 (-49.3%), from €81,053 to €41,070
- Gross operating margin +€401,124
up €401,124 (+69.0%), from €581,415 to €982,539
- Depreciation +€216,705
up €216,705 (+825.3%), from €26,257 to €242,962
- Staff costs +€74,739
up €74,739 (+29.2%), from €255,594 to €330,333
- Financial charges +€34,685
up €34,685 (+13155.8%), from €264 to €34,949
- Taxes +€15,155
up €15,155 (+18.9%), from €80,176 to €95,331
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 | €2,297,520 | €2,369,152 | +€71,632 | +3.1% |
| Fixed assets | 21/28 | €1,135,700 | €942,708 | -€192,992 | -17.0% |
| Intangible fixed assets | 21 | €1,133,563 | €933,597 | -€199,966 | -17.6% |
| Tangible fixed assets | 22/27 | €2,137 | €9,111 | +€6,974 | +326.4% |
| Furniture and vehicles | 24 | €2,137 | €9,111 | +€6,974 | +326.4% |
| Current assets | 29/58 | €1,161,820 | €1,426,444 | +€264,624 | +22.8% |
| Amounts receivable within one year | 40/41 | €3,577 | €315,410 | +€311,833 | +8718.5% |
| Trade receivables | 40 | €2,299 | €277,768 | +€275,469 | +11981.1% |
| Other amounts receivable | 41 | €1,278 | €37,642 | +€36,364 | +2846.5% |
| Cash at bank and in hand | 54/58 | €126,759 | €81,256 | -€45,502 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,031,485 | €1,029,778 | -€1,706 | -0.2% |
| Total equity and liabilities | 10/49 | €2,297,520 | €2,369,152 | +€71,632 | +3.1% |
| Equity | 10/15 | €504,232 | €777,534 | +€273,302 | +54.2% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €482,170 | €482,170 | = | 0.0% |
| Distributable reserves | 133 | €482,170 | €482,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,162 | €276,464 | +€273,302 | +8642.0% |
| Amounts payable | 17/49 | €1,793,288 | €1,591,618 | -€201,670 | -11.2% |
| Amounts payable after more than one year | 17 | €762,922 | €582,849 | -€180,073 | -23.6% |
| Financial debts | 170/4 | €762,922 | €582,849 | -€180,073 | -23.6% |
| Amounts payable within one year | 42/48 | €465,816 | €469,233 | +€3,417 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €173,403 | €277,224 | +€103,820 | +59.9% |
| Financial debts | 43 | €85,000 | €0 | -€85,000 | -100.0% |
| Credit institutions | 430/8 | €85,000 | €0 | -€85,000 | -100.0% |
| Trade debts | 44 | €26,367 | €38,687 | +€12,320 | +46.7% |
| Suppliers | 440/4 | €26,367 | €38,687 | +€12,320 | +46.7% |
| Taxes, remuneration and social security | 45 | €99,993 | €112,253 | +€12,260 | +12.3% |
| Taxes | 450/3 | €80,176 | €80,275 | +€99 | +0.1% |
| Remuneration and social security | 454/9 | €19,817 | €31,978 | +€12,161 | +61.4% |
| Other amounts payable | 47/48 | €81,053 | €41,070 | -€39,983 | -49.3% |
| Accrued charges and deferred income | 492/3 | €564,550 | €539,536 | -€25,014 | -4.4% |
| Remuneration, social security and pensions | 62 | €255,594 | €330,333 | +€74,739 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,257 | €242,962 | +€216,705 | +825.3% |
| Other operating charges | 640/8 | €1,298 | €5,664 | +€4,366 | +336.4% |
| Gross operating margin | 9900 | €581,415 | €982,539 | +€401,124 | +69.0% |
| Operating profit (loss) | 9901 | €298,266 | €403,580 | +€105,314 | +35.3% |
| Financial income | 75/76B | €1 | €1 | +€0 | +9.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +9.9% |
| Financial charges | 65/66B | €264 | €34,949 | +€34,685 | +13155.8% |
| Recurring financial charges | 65 | €264 | €34,949 | +€34,685 | +13155.8% |
| Profit (loss) for the period before taxes | 9903 | €298,003 | €368,632 | +€70,629 | +23.7% |
| Income taxes | 67/77 | €80,176 | €95,331 | +€15,155 | +18.9% |
| Profit (loss) for the period | 9904 | €217,827 | €273,302 | +€55,475 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €217,827 | €273,302 | +€55,475 | +25.5% |
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 11 October 2026 via checked.be.