Infinit-E: 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.
Infinit-E
Largest movements
- Deferred charges and accrued income +€16,279
up €16,279 (+44.6%), from €36,536 to €52,815
- Cash -€12,961
down €12,961 (-75.0%), from €17,285 to €4,323
mainly Contributions, distributions and other (-€17,921) and Tax, wage and social debts (-€17,494)
- Receivables within one year -€3,797
down €3,797 (-8.4%), from €45,421 to €41,624
of which Trade receivables: -€5,569
- Reserves +€23,837
up €23,837 (+33.5%), from €71,112 to €94,949
- Tax, wage and social debts -€17,494
down €17,494 (-45.8%), from €38,156 to €20,662
of which Taxes: -€17,172
- Debts after one year -€7,678
down €7,678 (-45.4%), from €16,913 to €9,235
- Other debts +€6,473
up €6,473 (+94.0%), from €6,888 to €13,361
- Current portion of long-term debt -€3,755
down €3,755 (-31.7%), from €11,832 to €8,078
- Gross operating margin -€32,940
down €32,940 (-28.1%), from €117,399 to €84,460
- Staff costs -€9,295
down €9,295 (-30.4%), from €30,535 to €21,239
- Taxes -€5,968
down €5,968 (-24.6%), from €24,221 to €18,253
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 | €164,533 | €163,389 | -€1,144 | -0.7% |
| Fixed assets | 21/28 | €61,092 | €60,428 | -€664 | -1.1% |
| Tangible fixed assets | 22/27 | €6,092 | €5,428 | -€664 | -10.9% |
| Furniture and vehicles | 24 | €3,701 | €2,273 | -€1,427 | -38.6% |
| Other tangible fixed assets | 26 | €2,391 | €3,154 | +€763 | +31.9% |
| Financial fixed assets | 28 | €55,000 | €55,000 | = | 0.0% |
| Current assets | 29/58 | €103,441 | €102,962 | -€479 | -0.5% |
| Amounts receivable within one year | 40/41 | €45,421 | €41,624 | -€3,797 | -8.4% |
| Trade receivables | 40 | €17,118 | €11,549 | -€5,569 | -32.5% |
| Other amounts receivable | 41 | €28,302 | €30,074 | +€1,772 | +6.3% |
| Current investments | 50/53 | €4,200 | €4,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,285 | €4,323 | -€12,961 | -75.0% |
| Deferred charges and accrued income | 490/1 | €36,536 | €52,815 | +€16,279 | +44.6% |
| Total equity and liabilities | 10/49 | €164,533 | €163,389 | -€1,144 | -0.7% |
| Equity | 10/15 | €77,312 | €101,149 | +€23,837 | +30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,112 | €94,949 | +€23,837 | +33.5% |
| Distributable reserves | 133 | €71,112 | €94,949 | +€23,837 | +33.5% |
| Amounts payable | 17/49 | €87,221 | €62,240 | -€24,981 | -28.6% |
| Amounts payable after more than one year | 17 | €16,913 | €9,235 | -€7,678 | -45.4% |
| Financial debts | 170/4 | €16,913 | €9,235 | -€7,678 | -45.4% |
| Amounts payable within one year | 42/48 | €70,307 | €53,004 | -€17,303 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €11,832 | €8,078 | -€3,755 | -31.7% |
| Trade debts | 44 | €13,431 | €10,904 | -€2,526 | -18.8% |
| Suppliers | 440/4 | €13,431 | €10,904 | -€2,526 | -18.8% |
| Taxes, remuneration and social security | 45 | €38,156 | €20,662 | -€17,494 | -45.8% |
| Taxes | 450/3 | €34,960 | €17,788 | -€17,172 | -49.1% |
| Remuneration and social security | 454/9 | €3,196 | €2,874 | -€322 | -10.1% |
| Other amounts payable | 47/48 | €6,888 | €13,361 | +€6,473 | +94.0% |
| Remuneration, social security and pensions | 62 | €30,535 | €21,239 | -€9,295 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,224 | €2,419 | +€195 | +8.8% |
| Other operating charges | 640/8 | €1,635 | €1,828 | +€193 | +11.8% |
| Non-recurring operating charges | 66A | €1,310 | - | -€1,310 | |
| Gross operating margin | 9900 | €117,399 | €84,460 | -€32,940 | -28.1% |
| Operating profit (loss) | 9901 | €81,696 | €58,973 | -€22,723 | -27.8% |
| Financial income | 75/76B | €3,394 | €2,303 | -€1,091 | -32.1% |
| Recurring financial income | 75 | €3,394 | €2,303 | -€1,091 | -32.1% |
| Financial charges | 65/66B | €1,143 | €1,265 | +€122 | +10.7% |
| Recurring financial charges | 65 | €752 | €1,212 | +€460 | +61.2% |
| Non-recurring financial charges | 66B | €391 | €53 | -€338 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €83,946 | €60,010 | -€23,936 | -28.5% |
| Income taxes | 67/77 | €24,221 | €18,253 | -€5,968 | -24.6% |
| Profit (loss) for the period | 9904 | €59,725 | €41,758 | -€17,968 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,725 | €41,758 | -€17,968 | -30.1% |
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 9 October 2026 via checked.be.