Infinias: 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.
Infinias
Largest movements
- Intangible fixed assets +€968,826
up €968,826 (+136%), from €710,235 to €1.7m
- Cash -€670,584
down €670,584 (-51.7%), from €1.3m to €627,225
mainly Investment in fixed assets (net) (-€1.2m) and Debts after one year (-€107,746)
- Receivables within one year -€154,344
down €154,344 (-65.2%), from €236,546 to €82,202
of which Trade receivables: -€154,059
- Reserves +€187,942
up €187,942 (+31.9%), from €589,694 to €777,636
- Debts after one year -€107,746
down €107,746 (-9.3%), from €1.2m to €1.1m
of which Financial debts: -€78,020
- Other debts +€100,615
up €100,615 (+391%), from €25,756 to €126,371
- Trade debts -€88,946
down €88,946 (-71.1%), from €125,038 to €36,092
- Tax, wage and social debts +€25,084
up €25,084 (+41.0%), from €61,189 to €86,274
of which Remuneration and social security: +€14,767
- Gross operating margin +€460,884
up €460,884 (+59.1%), from €779,263 to €1.2m
- Staff costs +€122,401
up €122,401 (+27.8%), from €440,066 to €562,467
- Depreciation +€101,237
up €101,237 (+68.6%), from €147,569 to €248,806
- Taxes +€47,841
up €47,841 (+84.6%), from €56,551 to €104,393
- Financial income -€21,209
down €21,209 (-84.6%), from €25,078 to €3,869
of which Financial income: -€21,935
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 | €2,274,308 | €2,406,467 | +€132,158 | +5.8% |
| Fixed assets | 21/28 | €739,954 | €1,697,040 | +€957,086 | +129% |
| Intangible fixed assets | 21 | €710,235 | €1,679,061 | +€968,826 | +136% |
| Tangible fixed assets | 22/27 | €25,969 | €14,229 | -€11,740 | -45.2% |
| Plant, machinery and equipment | 23 | €4,812 | €3,255 | -€1,557 | -32.4% |
| Furniture and vehicles | 24 | €21,157 | €10,975 | -€10,182 | -48.1% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €1,534,355 | €709,427 | -€824,928 | -53.8% |
| Amounts receivable within one year | 40/41 | €236,546 | €82,202 | -€154,344 | -65.2% |
| Trade receivables | 40 | €231,236 | €77,177 | -€154,059 | -66.6% |
| Other amounts receivable | 41 | €5,309 | €5,025 | -€285 | -5.4% |
| Cash at bank and in hand | 54/58 | €1,297,809 | €627,225 | -€670,584 | -51.7% |
| Total equity and liabilities | 10/49 | €2,274,308 | €2,406,467 | +€132,158 | +5.8% |
| Equity | 10/15 | €674,694 | €862,636 | +€187,942 | +27.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €589,694 | €777,636 | +€187,942 | +31.9% |
| Distributable reserves | 133 | €589,694 | €777,636 | +€187,942 | +31.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,599,615 | €1,543,831 | -€55,783 | -3.5% |
| Amounts payable after more than one year | 17 | €1,159,810 | €1,052,064 | -€107,746 | -9.3% |
| Financial debts | 170/4 | €1,069,062 | €991,042 | -€78,020 | -7.3% |
| Other amounts payable | 178/9 | €90,749 | €61,022 | -€29,726 | -32.8% |
| Amounts payable within one year | 42/48 | €439,804 | €491,767 | +€51,963 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €227,821 | €243,031 | +€15,210 | +6.7% |
| Trade debts | 44 | €125,038 | €36,092 | -€88,946 | -71.1% |
| Suppliers | 440/4 | €125,038 | €36,092 | -€88,946 | -71.1% |
| Taxes, remuneration and social security | 45 | €61,189 | €86,274 | +€25,084 | +41.0% |
| Taxes | 450/3 | €13,046 | €23,363 | +€10,317 | +79.1% |
| Remuneration and social security | 454/9 | €48,143 | €62,910 | +€14,767 | +30.7% |
| Other amounts payable | 47/48 | €25,756 | €126,371 | +€100,615 | +391% |
| Non-recurring operating income | 76A | €28,712 | €46,509 | +€17,797 | +62.0% |
| Remuneration, social security and pensions | 62 | €440,066 | €562,467 | +€122,401 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,569 | €248,806 | +€101,237 | +68.6% |
| Other operating charges | 640/8 | €2,455 | €3,479 | +€1,024 | +41.7% |
| Gross operating margin | 9900 | €779,263 | €1,240,147 | +€460,884 | +59.1% |
| Operating profit (loss) | 9901 | €189,172 | €425,395 | +€236,222 | +125% |
| Financial income | 75/76B | €25,078 | €3,869 | -€21,209 | -84.6% |
| Recurring financial income | 75 | €24,871 | €2,936 | -€21,935 | -88.2% |
| Non-recurring financial income | 76B | €207 | €933 | +€726 | +350% |
| Financial charges | 65/66B | €33,734 | €36,929 | +€3,194 | +9.5% |
| Recurring financial charges | 65 | €30,777 | €36,447 | +€5,670 | +18.4% |
| Non-recurring financial charges | 66B | €2,958 | €482 | -€2,475 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €180,516 | €392,334 | +€211,819 | +117% |
| Income taxes | 67/77 | €56,551 | €104,393 | +€47,841 | +84.6% |
| Profit (loss) for the period | 9904 | €123,964 | €287,942 | +€163,977 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €123,964 | €287,942 | +€163,977 | +132% |
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 18 October 2026 via checked.be.