INFINITE TREE: 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.
INFINITE TREE
Largest movements
- Current investments +€134,433
up €134,433, from €0 to €134,433
- Cash -€84,115
down €84,115 (-49.0%), from €171,831 to €87,715
mainly Current investments (-€134,433) and Advances received (-€43,921)
- Deferred charges and accrued income -€32,754
down €32,754 (-89.9%), from €36,452 to €3,698
- Tangible fixed assets -€4,791
down €4,791 (-15.1%), from €31,657 to €26,865
of which Furniture and vehicles: -€4,308
- Advances received -€43,921
down €43,921 (-100.0%), from €43,921 to €0
- Reserves +€41,800
up €41,800 (+18.4%), from €227,429 to €269,229
of which Distributable reserves: +€41,800
- Other debts +€13,804
up €13,804, from €0 to €13,804
- Accrued charges and deferred income -€7,112
down €7,112 (-93.2%), from €7,634 to €522
- Tax, wage and social debts +€6,907
up €6,907 (+31.9%), from €21,659 to €28,566
of which Taxes: +€4,958
- Gross operating margin -€21,639
down €21,639 (-24.5%), from €88,353 to €66,715
- Taxes -€7,352
down €7,352 (-28.7%), from €25,631 to €18,279
- Financial income -€3,942
down €3,942 (-83.3%), from €4,731 to €789
- Depreciation +€3,386
up €3,386 (+112.2%), from €3,017 to €6,403
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 | €310,181 | €323,107 | +€12,926 | +4.2% |
| Fixed assets | 21/28 | €32,157 | €27,365 | -€4,791 | -14.9% |
| Tangible fixed assets | 22/27 | €31,657 | €26,865 | -€4,791 | -15.1% |
| Plant, machinery and equipment | 23 | €836 | €1,627 | +€791 | +94.6% |
| Furniture and vehicles | 24 | €19,112 | €14,804 | -€4,308 | -22.5% |
| Other tangible fixed assets | 26 | €11,709 | €10,434 | -€1,275 | -10.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €278,024 | €295,742 | +€17,717 | +6.4% |
| Amounts receivable after more than one year | 29 | €26,287 | €26,287 | = | 0.0% |
| Other amounts receivable | 291 | €26,287 | €26,287 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,455 | €43,609 | +€154 | +0.4% |
| Trade receivables | 40 | €39,765 | €43,560 | +€3,795 | +9.5% |
| Other amounts receivable | 41 | €3,690 | €49 | -€3,641 | -98.7% |
| Current investments | 50/53 | €0 | €134,433 | +€134,433 | |
| Cash at bank and in hand | 54/58 | €171,831 | €87,715 | -€84,115 | -49.0% |
| Deferred charges and accrued income | 490/1 | €36,452 | €3,698 | -€32,754 | -89.9% |
| Total equity and liabilities | 10/49 | €310,181 | €323,107 | +€12,926 | +4.2% |
| Equity | 10/15 | €236,254 | €278,155 | +€41,901 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €227,429 | €269,229 | +€41,800 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €225,569 | €267,369 | +€41,800 | +18.5% |
| Profit (loss) carried forward | 14 | €2,625 | €2,726 | +€101 | +3.9% |
| Amounts payable | 17/49 | €73,927 | €44,952 | -€28,975 | -39.2% |
| Amounts payable within one year | 42/48 | €66,294 | €44,431 | -€21,863 | -33.0% |
| Trade debts | 44 | €714 | €2,061 | +€1,346 | +188.5% |
| Suppliers | 440/4 | €714 | €2,061 | +€1,346 | +188.5% |
| Advances received on contracts in progress | 46 | €43,921 | €0 | -€43,921 | -100.0% |
| Taxes, remuneration and social security | 45 | €21,659 | €28,566 | +€6,907 | +31.9% |
| Taxes | 450/3 | €21,659 | €26,616 | +€4,958 | +22.9% |
| Remuneration and social security | 454/9 | €0 | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €0 | €13,804 | +€13,804 | |
| Accrued charges and deferred income | 492/3 | €7,634 | €522 | -€7,112 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,017 | €6,403 | +€3,386 | +112.2% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €88,353 | €66,715 | -€21,639 | -24.5% |
| Operating profit (loss) | 9901 | €84,831 | €60,191 | -€24,639 | -29.0% |
| Financial income | 75/76B | €4,731 | €789 | -€3,942 | -83.3% |
| Recurring financial income | 75 | €4,731 | €789 | -€3,942 | -83.3% |
| Financial charges | 65/66B | €421 | €800 | +€379 | +89.9% |
| Recurring financial charges | 65 | €421 | €800 | +€379 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €89,140 | €60,180 | -€28,960 | -32.5% |
| Income taxes | 67/77 | €25,631 | €18,279 | -€7,352 | -28.7% |
| Profit (loss) for the period | 9904 | €63,509 | €41,901 | -€21,608 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,509 | €41,901 | -€21,608 | -34.0% |
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.