INFINITIM: 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.
INFINITIM
Largest movements
- Cash +€88,601
up €88,601 (+152.5%), from €58,090 to €146,692
mainly Net result for the year (+€94,969) and Receivables within one year (+€25,071)
- Receivables within one year -€25,071
down €25,071 (-53.2%), from €47,105 to €22,034
of which Other amounts receivable: -€27,049
- Tangible fixed assets -€18,417
down €18,417 (-5.3%), from €348,804 to €330,388
- Reserves +€94,969
up €94,969 (+56.7%), from €167,527 to €262,496
- Other debts -€24,322
down €24,322 (-100.0%), from €24,322 to €0
- Debts after one year -€21,812
down €21,812 (-10.4%), from €208,861 to €187,050
- Gross operating margin +€5,493
up €5,493 (+3.9%), from €140,163 to €145,656
- Depreciation +€5,297
up €5,297 (+90.7%), from €5,838 to €11,135
- Other operating charges -€5,267
down €5,267 (-89.2%), from €5,903 to €636
- Financial charges +€1,796
up €1,796 (+16.5%), from €10,895 to €12,691
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 | €455,436 | €500,822 | +€45,385 | +10.0% |
| Fixed assets | 21/28 | €348,804 | €330,388 | -€18,417 | -5.3% |
| Tangible fixed assets | 22/27 | €348,804 | €330,388 | -€18,417 | -5.3% |
| Land and buildings | 22 | €324,528 | €316,742 | -€7,786 | -2.4% |
| Furniture and vehicles | 24 | €12,217 | €3,558 | -€8,659 | -70.9% |
| Other tangible fixed assets | 26 | €12,060 | €10,088 | -€1,972 | -16.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €106,632 | €170,434 | +€63,802 | +59.8% |
| Amounts receivable within one year | 40/41 | €47,105 | €22,034 | -€25,071 | -53.2% |
| Trade receivables | 40 | €19,965 | €21,943 | +€1,978 | +9.9% |
| Other amounts receivable | 41 | €27,140 | €91 | -€27,049 | -99.7% |
| Cash at bank and in hand | 54/58 | €58,090 | €146,692 | +€88,601 | +152.5% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,708 | +€272 | +18.9% |
| Total equity and liabilities | 10/49 | €455,436 | €500,822 | +€45,385 | +10.0% |
| Equity | 10/15 | €170,527 | €265,496 | +€94,969 | +55.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €167,527 | €262,496 | +€94,969 | +56.7% |
| Distributable reserves | 133 | €167,527 | €262,496 | +€94,969 | +56.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,909 | €235,326 | -€49,583 | -17.4% |
| Amounts payable after more than one year | 17 | €208,861 | €187,050 | -€21,812 | -10.4% |
| Financial debts | 170/4 | €208,861 | €187,050 | -€21,812 | -10.4% |
| Amounts payable within one year | 42/48 | €75,873 | €48,276 | -€27,597 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €20,959 | €21,812 | +€853 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,170 | €5,049 | -€121 | -2.3% |
| Suppliers | 440/4 | €5,170 | €5,049 | -€121 | -2.3% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,922 | €21,415 | -€3,506 | -14.1% |
| Taxes | 450/3 | €24,922 | €21,415 | -€3,506 | -14.1% |
| Other amounts payable | 47/48 | €24,322 | €0 | -€24,322 | -100.0% |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100.0% |
| Non-recurring operating income | 76A | €33,207 | €17,236 | -€15,970 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,838 | €11,135 | +€5,297 | +90.7% |
| Other operating charges | 640/8 | €5,903 | €636 | -€5,267 | -89.2% |
| Gross operating margin | 9900 | €140,163 | €145,656 | +€5,493 | +3.9% |
| Operating profit (loss) | 9901 | €128,422 | €133,884 | +€5,462 | +4.3% |
| Financial income | 75/76B | €558 | €194 | -€364 | -65.2% |
| Recurring financial income | 75 | €558 | €194 | -€364 | -65.2% |
| Financial charges | 65/66B | €10,895 | €12,691 | +€1,796 | +16.5% |
| Recurring financial charges | 65 | €10,895 | €12,691 | +€1,796 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €118,085 | €121,388 | +€3,303 | +2.8% |
| Income taxes | 67/77 | €26,568 | €26,419 | -€148 | -0.6% |
| Profit (loss) for the period | 9904 | €91,517 | €94,969 | +€3,451 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,517 | €94,969 | +€3,451 | +3.8% |
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.