INFINITYVES: 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.
INFINITYVES
Largest movements
- Receivables within one year -€38,060
down €38,060 (-96.9%), from €39,275 to €1,216
of which Trade receivables: -€19,746
- Receivables after one year -€37,500
down €37,500 (-75.0%), from €50,000 to €12,500
- Cash -€36,745
down €36,745 (-77.3%), from €47,555 to €10,811
mainly Net result for the year (-€62,182) and Other debts (-€39,617)
- Tangible fixed assets -€7,280
down €7,280 (-34.4%), from €21,163 to €13,883
of which Furniture and vehicles: -€6,408
- Reserves -€62,182
down €62,182 (-11.1%), from €560,657 to €498,475
of which Distributable reserves: -€62,182
- Other debts -€39,617
down €39,617 (-99.9%), from €39,643 to €26
- Tax, wage and social debts -€18,029
down €18,029 (-97.1%), from €18,563 to €534
- Gross operating margin -€131,555
down €131,555, from €81,092 to -€50,463
- Taxes -€20,117
down €20,117 (-97.8%), from €20,574 to €457
- Financial income -€1,739
down €1,739 (-60.8%), from €2,860 to €1,121
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 | €626,303 | €507,868 | -€118,435 | -18.9% |
| Fixed assets | 21/28 | €21,163 | €13,883 | -€7,280 | -34.4% |
| Tangible fixed assets | 22/27 | €21,163 | €13,883 | -€7,280 | -34.4% |
| Plant, machinery and equipment | 23 | €272 | €0 | -€272 | -100.0% |
| Furniture and vehicles | 24 | €15,700 | €9,293 | -€6,408 | -40.8% |
| Other tangible fixed assets | 26 | €5,191 | €4,590 | -€601 | -11.6% |
| Current assets | 29/58 | €605,140 | €493,985 | -€111,155 | -18.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €12,500 | -€37,500 | -75.0% |
| Other amounts receivable | 291 | €50,000 | €12,500 | -€37,500 | -75.0% |
| Amounts receivable within one year | 40/41 | €39,275 | €1,216 | -€38,060 | -96.9% |
| Trade receivables | 40 | €19,746 | €0 | -€19,746 | -100.0% |
| Other amounts receivable | 41 | €19,530 | €1,216 | -€18,314 | -93.8% |
| Current investments | 50/53 | €458,481 | €462,734 | +€4,253 | +0.9% |
| Cash at bank and in hand | 54/58 | €47,555 | €10,811 | -€36,745 | -77.3% |
| Deferred charges and accrued income | 490/1 | €9,828 | €6,724 | -€3,103 | -31.6% |
| Total equity and liabilities | 10/49 | €626,303 | €507,868 | -€118,435 | -18.9% |
| Equity | 10/15 | €566,857 | €504,675 | -€62,182 | -11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €560,657 | €498,475 | -€62,182 | -11.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €541,907 | €479,725 | -€62,182 | -11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,446 | €3,193 | -€56,253 | -94.6% |
| Amounts payable within one year | 42/48 | €59,446 | €3,193 | -€56,253 | -94.6% |
| Trade debts | 44 | €1,241 | €2,633 | +€1,393 | +112.3% |
| Suppliers | 440/4 | €1,241 | €2,633 | +€1,393 | +112.3% |
| Taxes, remuneration and social security | 45 | €18,563 | €534 | -€18,029 | -97.1% |
| Taxes | 450/3 | €18,563 | €534 | -€18,029 | -97.1% |
| Other amounts payable | 47/48 | €39,643 | €26 | -€39,617 | -99.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,966 | €7,280 | +€314 | +4.5% |
| Other operating charges | 640/8 | €1,226 | €1,373 | +€146 | +11.9% |
| Gross operating margin | 9900 | €81,092 | -€50,463 | -€131,555 | |
| Operating profit (loss) | 9901 | €72,899 | -€59,115 | -€132,014 | |
| Financial income | 75/76B | €2,860 | €1,121 | -€1,739 | -60.8% |
| Recurring financial income | 75 | €2,860 | €1,121 | -€1,739 | -60.8% |
| Financial charges | 65/66B | €3,947 | €3,731 | -€216 | -5.5% |
| Recurring financial charges | 65 | €3,947 | €3,731 | -€216 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €71,812 | -€61,725 | -€133,538 | |
| Income taxes | 67/77 | €20,574 | €457 | -€20,117 | -97.8% |
| Profit (loss) for the period | 9904 | €51,239 | -€62,182 | -€113,421 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €51,239 | -€62,182 | -€113,421 |
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 8 October 2026 via checked.be.