INFINITE: 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.
INFINITE
Largest movements
- Receivables within one year -€98,483
down €98,483 (-65.7%), from €149,787 to €51,304
of which Trade receivables: -€97,302
- Tangible fixed assets +€62,705
up €62,705 (+42.3%), from €148,138 to €210,844
of which Assets under construction and advance payments: +€61,710
- Cash +€15,688
up €15,688 (+9.7%), from €161,241 to €176,928
mainly Receivables within one year (+€98,483) and Current portion of long-term debt (+€50,000)
- Stocks and contracts +€5,442
up €5,442 (+24.1%), from €22,551 to €27,993
- Other debts -€70,835
down €70,835 (-32.7%), from €216,880 to €146,044
- Debts after one year -€50,000
down €50,000 (-20.8%), from €240,000 to €190,000
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€49,875
up €49,875 (+259.1%), from €19,251 to €69,126
- Gross operating margin +€19,281
up €19,281 (+41.0%), from €47,004 to €66,286
- Financial charges +€8,389
up €8,389 (+145.5%), from €5,764 to €14,153
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 | €488,069 | €470,851 | -€17,218 | -3.5% |
| Fixed assets | 21/28 | €150,278 | €211,858 | +€61,580 | +41.0% |
| Intangible fixed assets | 21 | €2,139 | €1,014 | -€1,125 | -52.6% |
| Tangible fixed assets | 22/27 | €148,138 | €210,844 | +€62,705 | +42.3% |
| Plant, machinery and equipment | 23 | €0 | €1,084 | +€1,084 | |
| Furniture and vehicles | 24 | €187 | €99 | -€89 | -47.4% |
| Assets under construction and advance payments | 27 | €147,951 | €209,661 | +€61,710 | +41.7% |
| Current assets | 29/58 | €337,791 | €258,993 | -€78,799 | -23.3% |
| Stocks and contracts in progress | 3 | €22,551 | €27,993 | +€5,442 | +24.1% |
| Stocks | 30/36 | €22,551 | €27,993 | +€5,442 | +24.1% |
| Amounts receivable within one year | 40/41 | €149,787 | €51,304 | -€98,483 | -65.7% |
| Trade receivables | 40 | €147,685 | €50,383 | -€97,302 | -65.9% |
| Other amounts receivable | 41 | €2,102 | €921 | -€1,181 | -56.2% |
| Cash at bank and in hand | 54/58 | €161,241 | €176,928 | +€15,688 | +9.7% |
| Deferred charges and accrued income | 490/1 | €4,212 | €2,767 | -€1,445 | -34.3% |
| Total equity and liabilities | 10/49 | €488,069 | €470,851 | -€17,218 | -3.5% |
| Equity | 10/15 | €24,251 | €74,126 | +€49,875 | +205.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,251 | €69,126 | +€49,875 | +259.1% |
| Amounts payable | 17/49 | €463,818 | €396,725 | -€67,093 | -14.5% |
| Amounts payable after more than one year | 17 | €240,000 | €190,000 | -€50,000 | -20.8% |
| Financial debts | 170/4 | €240,000 | €190,000 | -€50,000 | -20.8% |
| Amounts payable within one year | 42/48 | €221,260 | €204,167 | -€17,093 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €0 | €1,114 | +€1,114 | |
| Suppliers | 440/4 | €0 | €1,114 | +€1,114 | |
| Taxes, remuneration and social security | 45 | €4,380 | €7,009 | +€2,628 | +60.0% |
| Taxes | 450/3 | €4,380 | €7,009 | +€2,628 | +60.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €216,880 | €146,044 | -€70,835 | -32.7% |
| Accrued charges and deferred income | 492/3 | €2,558 | €2,558 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,729 | €1,328 | -€401 | -23.2% |
| Other operating charges | 640/8 | €828 | €784 | -€44 | -5.3% |
| Gross operating margin | 9900 | €47,004 | €66,286 | +€19,281 | +41.0% |
| Operating profit (loss) | 9901 | €44,448 | €64,173 | +€19,726 | +44.4% |
| Financial income | 75/76B | €0 | €58 | +€58 | +579400.0% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +579400.0% |
| Financial charges | 65/66B | €5,764 | €14,153 | +€8,389 | +145.5% |
| Recurring financial charges | 65 | €5,764 | €14,153 | +€8,389 | +145.5% |
| Profit (loss) for the period before taxes | 9903 | €38,684 | €50,078 | +€11,395 | +29.5% |
| Income taxes | 67/77 | €212 | €203 | -€9 | -4.0% |
| Profit (loss) for the period | 9904 | €38,472 | €49,875 | +€11,403 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,472 | €49,875 | +€11,403 | +29.6% |
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.