Infinito: 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.
Infinito
Largest movements
- Tangible fixed assets +€4.3m
up €4.3m (+16.8%), from €25.6m to €29.9m
of which Assets under construction and advance payments: +€4.3m
- Cash +€1.7m
up €1.7m (+177%), from €944,928 to €2.6m
mainly Contributions, distributions and other (+€4.5m) and Trade debts (+€813,345)
- Receivables within one year -€623,984
down €623,984 (-78.1%), from €798,878 to €174,894
of which Other amounts receivable: -€717,691
- Contributions +€4.5m
up €4.5m (+31.5%), from €14.2m to €18.6m
- Trade debts +€813,345
up €813,345 (+426%), from €190,990 to €1.0m
- Taxes -€229,671
down €229,671, from €177,410 to -€52,261
- Gross operating margin -€36,805
down €36,805, from €33,439 to -€3,366
- Financial income +€26,058
up €26,058 (+213%), from €12,250 to €38,308
- Financial charges -€7,151
down €7,151 (-100%), from €7,151 to €0
- Other operating charges +€815
up €815 (+446%), from €183 to €998
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.
Derived cash bridge
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 | €27,397,060 | €32,771,418 | +€5.4m | +19.6% |
| Fixed assets | 21/28 | €25,643,633 | €29,946,360 | +€4.3m | +16.8% |
| Tangible fixed assets | 22/27 | €25,643,633 | €29,946,360 | +€4.3m | +16.8% |
| Land and buildings | 22 | €13,339,271 | €13,339,271 | = | 0.0% |
| Other tangible fixed assets | 26 | €41,895 | €29,901 | -€11,993 | -28.6% |
| Assets under construction and advance payments | 27 | €12,262,467 | €16,577,188 | +€4.3m | +35.2% |
| Current assets | 29/58 | €1,753,427 | €2,825,058 | +€1.1m | +61.1% |
| Amounts receivable within one year | 40/41 | €798,878 | €174,894 | -€623,984 | -78.1% |
| Trade receivables | 40 | €10,109 | €103,816 | +€93,707 | +927% |
| Other amounts receivable | 41 | €788,769 | €71,078 | -€717,691 | -91.0% |
| Cash at bank and in hand | 54/58 | €944,928 | €2,619,792 | +€1.7m | +177% |
| Deferred charges and accrued income | 490/1 | €9,621 | €30,372 | +€20,750 | +216% |
| Total equity and liabilities | 10/49 | €27,397,060 | €32,771,418 | +€5.4m | +19.6% |
| Equity | 10/15 | €17,095,535 | €21,630,730 | +€4.5m | +26.5% |
| Contributions | 10/11 | €14,153,433 | €18,614,417 | +€4.5m | +31.5% |
| Capital | 10 | €14,153,433 | €18,614,417 | +€4.5m | +31.5% |
| Issued capital | 100 | €17,280,867 | €21,383,033 | +€4.1m | +23.7% |
| Uncalled capital | 101 | €3,127,433 | €2,768,615 | -€358,818 | -11.5% |
| Reserves | 13 | €283,533 | €287,244 | +€3,711 | +1.3% |
| Non-distributable reserves | 130/1 | €283,533 | €287,244 | +€3,711 | +1.3% |
| Legal reserve | 130 | €283,533 | €287,244 | +€3,711 | +1.3% |
| Profit (loss) carried forward | 14 | €2,658,568 | €2,729,069 | +€70,501 | +2.7% |
| Amounts payable | 17/49 | €10,301,525 | €11,140,688 | +€839,163 | +8.1% |
| Amounts payable within one year | 42/48 | €10,262,323 | €11,071,406 | +€809,083 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €10,000,000 | €10,000,000 | = | 0.0% |
| Trade debts | 44 | €190,990 | €1,004,334 | +€813,345 | +426% |
| Suppliers | 440/4 | €190,990 | €1,004,334 | +€813,345 | +426% |
| Advances received on contracts in progress | 46 | - | €48,000 | +€48,000 | |
| Taxes, remuneration and social security | 45 | €71,333 | €19,072 | -€52,261 | -73.3% |
| Taxes | 450/3 | €71,333 | €19,072 | -€52,261 | -73.3% |
| Accrued charges and deferred income | 492/3 | €39,202 | €69,282 | +€30,080 | +76.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,993 | €11,993 | +€0 | 0.0% |
| Other operating charges | 640/8 | €183 | €998 | +€815 | +446% |
| Gross operating margin | 9900 | €33,439 | -€3,366 | -€36,805 | |
| Operating profit (loss) | 9901 | €21,262 | -€16,358 | -€37,620 | |
| Financial income | 75/76B | €12,250 | €38,308 | +€26,058 | +213% |
| Recurring financial income | 75 | €12,250 | €38,308 | +€26,058 | +213% |
| Financial charges | 65/66B | €7,151 | €0 | -€7,151 | -100% |
| Recurring financial charges | 65 | €7,151 | €0 | -€7,151 | -100% |
| Profit (loss) for the period before taxes | 9903 | €26,361 | €21,950 | -€4,411 | -16.7% |
| Income taxes | 67/77 | €177,410 | -€52,261 | -€229,671 | |
| Profit (loss) for the period | 9904 | -€151,049 | €74,211 | +€225,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151,049 | €74,211 | +€225,260 |
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 14 October 2026 via checked.be.