INFINITY SELECT: 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.
INFINITY SELECT
Largest movements
- Cash +€34,729
up €34,729 (+113.2%), from €30,670 to €65,399
mainly Net result for the year (+€36,848) and Depreciation (+€19,397)
- Tangible fixed assets -€18,241
down €18,241 (-4.8%), from €381,568 to €363,327
of which Land and buildings: -€18,800
- Receivables within one year -€7,782
down €7,782 (-10.9%), from €71,492 to €63,710
of which Trade receivables: -€21,824
- Reserves +€30,000
up €30,000 (+71.7%), from €41,860 to €71,860
- Debts after one year -€16,243
down €16,243 (-10.5%), from €155,348 to €139,105
- Profit (loss) carried forward +€6,848
up €6,848 (+2.9%), from €233,996 to €240,843
- Gross operating margin +€6,183
up €6,183 (+8.0%), from €77,286 to €83,469
- Taxes +€3,773
up €3,773 (+27.6%), from €13,687 to €17,460
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 | €491,600 | €499,341 | +€7,741 | +1.6% |
| Fixed assets | 21/28 | €381,568 | €363,327 | -€18,241 | -4.8% |
| Tangible fixed assets | 22/27 | €381,568 | €363,327 | -€18,241 | -4.8% |
| Land and buildings | 22 | €378,244 | €359,445 | -€18,800 | -5.0% |
| Plant, machinery and equipment | 23 | €2,260 | €1,983 | -€276 | -12.2% |
| Furniture and vehicles | 24 | €1,064 | €1,899 | +€835 | +78.5% |
| Current assets | 29/58 | €110,033 | €136,014 | +€25,982 | +23.6% |
| Amounts receivable within one year | 40/41 | €71,492 | €63,710 | -€7,782 | -10.9% |
| Trade receivables | 40 | €35,715 | €13,891 | -€21,824 | -61.1% |
| Other amounts receivable | 41 | €35,777 | €49,819 | +€14,042 | +39.2% |
| Cash at bank and in hand | 54/58 | €30,670 | €65,399 | +€34,729 | +113.2% |
| Deferred charges and accrued income | 490/1 | €7,870 | €6,905 | -€965 | -12.3% |
| Total equity and liabilities | 10/49 | €491,600 | €499,341 | +€7,741 | +1.6% |
| Equity | 10/15 | €282,056 | €318,903 | +€36,848 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,860 | €71,860 | +€30,000 | +71.7% |
| Distributable reserves | 133 | €41,860 | €71,860 | +€30,000 | +71.7% |
| Profit (loss) carried forward | 14 | €233,996 | €240,843 | +€6,848 | +2.9% |
| Amounts payable | 17/49 | €209,544 | €180,438 | -€29,107 | -13.9% |
| Amounts payable after more than one year | 17 | €155,348 | €139,105 | -€16,243 | -10.5% |
| Financial debts | 170/4 | €155,348 | €139,105 | -€16,243 | -10.5% |
| Amounts payable within one year | 42/48 | €53,346 | €40,483 | -€12,864 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €20,610 | €16,243 | -€4,367 | -21.2% |
| Trade debts | 44 | €9,352 | €5,137 | -€4,215 | -45.1% |
| Suppliers | 440/4 | €9,352 | €5,137 | -€4,215 | -45.1% |
| Taxes, remuneration and social security | 45 | €23,384 | €19,102 | -€4,282 | -18.3% |
| Taxes | 450/3 | €21,394 | €16,702 | -€4,692 | -21.9% |
| Remuneration and social security | 454/9 | €1,990 | €2,400 | +€410 | +20.6% |
| Accrued charges and deferred income | 492/3 | €850 | €850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,954 | €19,397 | -€557 | -2.8% |
| Other operating charges | 640/8 | €1,976 | €1,976 | +€1 | 0.0% |
| Gross operating margin | 9900 | €77,286 | €83,469 | +€6,183 | +8.0% |
| Operating profit (loss) | 9901 | €55,357 | €62,096 | +€6,740 | +12.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,461 | €7,789 | -€672 | -7.9% |
| Recurring financial charges | 65 | €8,461 | €7,789 | -€672 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €46,896 | €54,307 | +€7,411 | +15.8% |
| Transfer from deferred taxes | 780 | €3,461 | - | -€3,461 | |
| Income taxes | 67/77 | €13,687 | €17,460 | +€3,773 | +27.6% |
| Profit (loss) for the period | 9904 | €36,670 | €36,848 | +€178 | +0.5% |
| Transfer from tax-exempt reserves | 789 | €6,720 | - | -€6,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,390 | €36,848 | -€6,542 | -15.1% |
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 10 October 2026 via checked.be.