INFINITY MANAGEMENT: 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.
What changed
INFINITY MANAGEMENT
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€173,433
2024 · €60,496+€112,937
Equity
€1.5m
2024 · €1.3m+€158,271
Cash
€4,993
2024 · €26,287-€21,294
Balance sheet total
€3.1m
2024 · €3.2m-€66,922
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€199,336
down €199,336 (-12.8%), from €1.6m to €1.4m
- Reserves +€158,271
up €158,271 (+74.1%), from €213,516 to €371,787
of which Distributable reserves: +€158,271
Income statement
- Financial income +€83,880
up €83,880 (+6598.1%), from €1,271 to €85,151
- Gross operating margin +€67,947
up €67,947 (+36.9%), from €184,298 to €252,244
- Taxes +€24,645
up €24,645 (+98.1%), from €25,125 to €49,770
- Financial charges +€12,090
up €12,090 (+22.2%), from €54,339 to €66,429
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.
Result 2024
€60,496
Gross operating margin
+€67,947
Other operating charges
-€2,155
Financial income
+€83,880
Financial charges
-€12,090
Taxes
-€24,645
Result 2025
€173,433
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.
From operations
+€244,210
Investment
-€20,000
Financing
-€245,504
Cash 2024
€26,287
From operations (derived)
+€244,210
Net result for the year
+€173,433
Depreciation
+€38,974
Receivables within one year
+€26,107
Deferred charges and accrued income
+€548
Trade debts
-€27,802
Tax, wage and social debts
+€22,445
Other debts
+€17,644
Accrued charges and deferred income
-€7,139
Investment (derived)
-€20,000
Investment in fixed assets (net)
-€20,000
Financing
-€245,504
Debts after one year
-€199,336
Current portion of long-term debt
-€5,881
Short-term financial debts
-€25,124
Contributions, distributions and other
-€15,162
Cash 2025
€4,993
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,182,395 | €3,115,472 | -€66,922 | -2.1% |
| Fixed assets | 21/28 | €3,101,976 | €3,083,002 | -€18,974 | -0.6% |
| Tangible fixed assets | 22/27 | €1,269,476 | €1,250,502 | -€18,974 | -1.5% |
| Land and buildings | 22 | €1,255,414 | €1,218,589 | -€36,824 | -2.9% |
| Furniture and vehicles | 24 | €14,062 | €11,913 | -€2,149 | -15.3% |
| Assets under construction and advance payments | 27 | - | €20,000 | +€20,000 | |
| Financial fixed assets | 28 | €1,832,500 | €1,832,500 | = | 0.0% |
| Current assets | 29/58 | €80,419 | €32,470 | -€47,949 | -59.6% |
| Amounts receivable within one year | 40/41 | €49,447 | €23,340 | -€26,107 | -52.8% |
| Trade receivables | 40 | €44,269 | €23,033 | -€21,236 | -48.0% |
| Other amounts receivable | 41 | €5,178 | €307 | -€4,871 | -94.1% |
| Cash at bank and in hand | 54/58 | €26,287 | €4,993 | -€21,294 | -81.0% |
| Deferred charges and accrued income | 490/1 | €4,685 | €4,137 | -€548 | -11.7% |
| Total equity and liabilities | 10/49 | €3,182,395 | €3,115,472 | -€66,922 | -2.1% |
| Equity | 10/15 | €1,320,279 | €1,478,549 | +€158,271 | +12.0% |
| Contributions | 10/11 | €1,106,762 | €1,106,762 | = | 0.0% |
| Reserves | 13 | €213,516 | €371,787 | +€158,271 | +74.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €213,516 | €371,787 | +€158,271 | +74.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,862,116 | €1,636,923 | -€225,193 | -12.1% |
| Amounts payable after more than one year | 17 | €1,551,765 | €1,352,429 | -€199,336 | -12.8% |
| Financial debts | 170/4 | €1,551,765 | €1,352,429 | -€199,336 | -12.8% |
| Amounts payable within one year | 42/48 | €303,152 | €284,434 | -€18,718 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €205,217 | €199,336 | -€5,881 | -2.9% |
| Financial debts | 43 | €25,124 | €0 | -€25,124 | -100.0% |
| Credit institutions | 430/8 | €25,124 | €0 | -€25,124 | -100.0% |
| Trade debts | 44 | €32,732 | €4,931 | -€27,802 | -84.9% |
| Suppliers | 440/4 | €32,732 | €4,931 | -€27,802 | -84.9% |
| Taxes, remuneration and social security | 45 | €6,275 | €28,720 | +€22,445 | +357.7% |
| Taxes | 450/3 | €6,275 | €25,920 | +€19,645 | +313.1% |
| Remuneration and social security | 454/9 | €0 | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €33,803 | €51,447 | +€17,644 | +52.2% |
| Accrued charges and deferred income | 492/3 | €7,198 | €60 | -€7,139 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,974 | €38,974 | = | 0.0% |
| Other operating charges | 640/8 | €6,635 | €8,790 | +€2,155 | +32.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €184,298 | €252,244 | +€67,947 | +36.9% |
| Operating profit (loss) | 9901 | €138,689 | €204,481 | +€65,792 | +47.4% |
| Financial income | 75/76B | €1,271 | €85,151 | +€83,880 | +6598.1% |
| Recurring financial income | 75 | €1,271 | €85,151 | +€83,880 | +6598.1% |
| Financial charges | 65/66B | €54,339 | €66,429 | +€12,090 | +22.2% |
| Recurring financial charges | 65 | €54,339 | €66,429 | +€12,090 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €85,621 | €223,203 | +€137,582 | +160.7% |
| Income taxes | 67/77 | €25,125 | €49,770 | +€24,645 | +98.1% |
| Profit (loss) for the period | 9904 | €60,496 | €173,433 | +€112,937 | +186.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,496 | €173,433 | +€112,937 | +186.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.