INFINICO: 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.
INFINICO
Largest movements
- Tangible fixed assets -€97,784
down €97,784 (-11.7%), from €835,246 to €737,462
- Cash +€51,697
up €51,697 (+22.1%), from €234,260 to €285,958
mainly Depreciation (+€97,784) and Net result for the year (+€14,823)
- Other debts -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Provisions -€15,010
down €15,010 (-16.7%), from €89,902 to €74,892
- Reserves +€14,823
up €14,823 (+1.8%), from €803,580 to €818,404
of which Distributable reserves: +€59,852
- Taxes +€12,906
up €12,906 (+175.7%), from €7,346 to €20,252
- Other operating income +€4,059
new in 2025: €4,059
- Turnover +€4,034
up €4,034 (+2.8%), from €145,764 to €149,798
- Services and other goods +€3,480
up €3,480 (+34.4%), from €10,119 to €13,599
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 | €1,069,695 | €1,023,722 | -€45,973 | -4.3% |
| Fixed assets | 21/28 | €835,246 | €737,462 | -€97,784 | -11.7% |
| Tangible fixed assets | 22/27 | €835,246 | €737,462 | -€97,784 | -11.7% |
| Land and buildings | 22 | €835,246 | €737,462 | -€97,784 | -11.7% |
| Current assets | 29/58 | €234,449 | €286,261 | +€51,811 | +22.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €174 | €303 | +€129 | +74.0% |
| Trade receivables | 40 | - | €75 | +€75 | |
| Other amounts receivable | 41 | €174 | €228 | +€54 | +30.9% |
| Cash at bank and in hand | 54/58 | €234,260 | €285,958 | +€51,697 | +22.1% |
| Deferred charges and accrued income | 490/1 | €15 | €0 | -€15 | -100.0% |
| Total equity and liabilities | 10/49 | €1,069,695 | €1,023,722 | -€45,973 | -4.3% |
| Equity | 10/15 | €916,242 | €931,065 | +€14,823 | +1.6% |
| Contributions | 10/11 | €88,572 | €88,572 | = | 0.0% |
| Capital | 10 | €88,572 | €88,572 | = | 0.0% |
| Issued capital | 100 | €88,572 | €88,572 | = | 0.0% |
| Revaluation surpluses | 12 | €24,089 | €24,089 | = | 0.0% |
| Reserves | 13 | €803,580 | €818,404 | +€14,823 | +1.8% |
| Non-distributable reserves | 130/1 | €8,857 | €8,857 | = | 0.0% |
| Legal reserve | 130 | €8,857 | €8,857 | = | 0.0% |
| Tax-exempt reserves | 132 | €269,706 | €224,677 | -€45,029 | -16.7% |
| Distributable reserves | 133 | €525,017 | €584,869 | +€59,852 | +11.4% |
| Provisions and deferred taxes | 16 | €89,902 | €74,892 | -€15,010 | -16.7% |
| Deferred taxes | 168 | €89,902 | €74,892 | -€15,010 | -16.7% |
| Amounts payable | 17/49 | €63,551 | €17,765 | -€45,787 | -72.0% |
| Amounts payable after more than one year | 17 | €12,501 | €10,561 | -€1,940 | -15.5% |
| Financial debts | 170/4 | €12,501 | €10,561 | -€1,940 | -15.5% |
| Credit institutions | 173 | €12,501 | €10,561 | -€1,940 | -15.5% |
| Amounts payable within one year | 42/48 | €51,043 | €7,204 | -€43,840 | -85.9% |
| Current portion of amounts payable after more than one year | 42 | €3,815 | €3,959 | +€144 | +3.8% |
| Trade debts | 44 | €2,228 | €503 | -€1,725 | -77.4% |
| Suppliers | 440/4 | €2,228 | €503 | -€1,725 | -77.4% |
| Taxes, remuneration and social security | 45 | - | €2,742 | +€2,742 | |
| Taxes | 450/3 | - | €2,742 | +€2,742 | |
| Other amounts payable | 47/48 | €45,000 | €0 | -€45,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7 | €0 | -€7 | -100.0% |
| Operating income | 70/76A | €145,764 | €153,857 | +€8,093 | +5.6% |
| Turnover | 70 | €145,764 | €149,798 | +€4,034 | +2.8% |
| Other operating income | 74 | - | €4,059 | +€4,059 | |
| Operating charges | 60/66A | €127,549 | €132,657 | +€5,108 | +4.0% |
| Services and other goods | 61 | €10,119 | €13,599 | +€3,480 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,803 | €97,784 | +€981 | +1.0% |
| Other operating charges | 640/8 | €20,627 | €21,273 | +€646 | +3.1% |
| Operating profit (loss) | 9901 | €18,215 | €21,200 | +€2,986 | +16.4% |
| Financial income | 75/76B | €60 | €33 | -€27 | -45.4% |
| Recurring financial income | 75 | €60 | €33 | -€27 | -45.4% |
| Income from current assets | 751 | €60 | €33 | -€27 | -45.4% |
| Financial charges | 65/66B | €799 | €1,167 | +€368 | +46.1% |
| Recurring financial charges | 65 | €799 | €1,167 | +€368 | +46.1% |
| Debt charges | 650 | €799 | €603 | -€195 | -24.5% |
| Other financial charges | 652/9 | - | €564 | +€564 | |
| Profit (loss) for the period before taxes | 9903 | €17,476 | €20,066 | +€2,590 | +14.8% |
| Transfer from deferred taxes | 780 | €15,010 | €15,010 | = | 0.0% |
| Income taxes | 67/77 | €7,346 | €20,252 | +€12,906 | +175.7% |
| Taxes | 670/3 | €7,346 | €20,252 | +€12,906 | +175.7% |
| Profit (loss) for the period | 9904 | €25,139 | €14,823 | -€10,316 | -41.0% |
| Transfer from tax-exempt reserves | 789 | €45,029 | €45,029 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,168 | €59,852 | -€10,316 | -14.7% |
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 2 October 2026 via checked.be.