INFINIUM: 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.
INFINIUM
Largest movements
- Tangible fixed assets -€235,704
down €235,704 (-59.4%), from €397,011 to €161,307
of which Furniture and vehicles: -€229,624
- Stocks and contracts +€155,000
new in 2025: €155,000
- Receivables within one year -€81,303
down €81,303 (-65.8%), from €123,639 to €42,336
of which Trade receivables: -€105,241
- Cash +€29,741
up €29,741 (+23.0%), from €129,471 to €159,212
mainly Investment in fixed assets (net) (+€179,327) and Receivables within one year (+€81,303)
- Deferred charges and accrued income -€17,170
down €17,170 (-91.0%), from €18,870 to €1,700
- Profit (loss) carried forward -€187,531
no longer reported in 2025 (was €187,531)
- Reserves +€175,743
new in 2025: €175,743
- Trade debts -€86,442
down €86,442 (-74.1%), from €116,676 to €30,234
- Debts after one year -€69,097
down €69,097 (-33.1%), from €209,020 to €139,923
- Other debts +€66,403
up €66,403 (+4,157%), from €1,597 to €68,000
- Write-downs +€38,387
new in 2025: €38,387
- Gross operating margin -€33,767
down €33,767 (-13.1%), from €258,716 to €224,949
- Depreciation -€8,707
down €8,707 (-13.4%), from €65,084 to €56,377
- Taxes -€7,009
down €7,009 (-15.4%), from €45,478 to €38,469
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 | €668,991 | €519,554 | -€149,437 | -22.3% |
| Fixed assets | 21/28 | €397,011 | €161,307 | -€235,704 | -59.4% |
| Tangible fixed assets | 22/27 | €397,011 | €161,307 | -€235,704 | -59.4% |
| Plant, machinery and equipment | 23 | €3,115 | €1,267 | -€1,849 | -59.3% |
| Furniture and vehicles | 24 | €375,599 | €145,975 | -€229,624 | -61.1% |
| Other tangible fixed assets | 26 | €18,296 | €14,065 | -€4,231 | -23.1% |
| Current assets | 29/58 | €271,980 | €358,247 | +€86,268 | +31.7% |
| Stocks and contracts in progress | 3 | - | €155,000 | +€155,000 | |
| Stocks | 30/36 | - | €155,000 | +€155,000 | |
| Amounts receivable within one year | 40/41 | €123,639 | €42,336 | -€81,303 | -65.8% |
| Trade receivables | 40 | €114,741 | €9,500 | -€105,241 | -91.7% |
| Other amounts receivable | 41 | €8,897 | €32,835 | +€23,938 | +269% |
| Cash at bank and in hand | 54/58 | €129,471 | €159,212 | +€29,741 | +23.0% |
| Deferred charges and accrued income | 490/1 | €18,870 | €1,700 | -€17,170 | -91.0% |
| Total equity and liabilities | 10/49 | €668,991 | €519,554 | -€149,437 | -22.3% |
| Equity | 10/15 | €189,531 | €177,743 | -€11,788 | -6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €175,743 | +€175,743 | |
| Distributable reserves | 133 | - | €175,743 | +€175,743 | |
| Profit (loss) carried forward | 14 | €187,531 | - | -€187,531 | |
| Amounts payable | 17/49 | €479,460 | €341,812 | -€137,649 | -28.7% |
| Amounts payable after more than one year | 17 | €209,020 | €139,923 | -€69,097 | -33.1% |
| Financial debts | 170/4 | €209,020 | €139,923 | -€69,097 | -33.1% |
| Amounts payable within one year | 42/48 | €270,441 | €201,889 | -€68,551 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €84,611 | €69,097 | -€15,514 | -18.3% |
| Trade debts | 44 | €116,676 | €30,234 | -€86,442 | -74.1% |
| Suppliers | 440/4 | €116,676 | €30,234 | -€86,442 | -74.1% |
| Taxes, remuneration and social security | 45 | €67,557 | €34,558 | -€32,998 | -48.8% |
| Taxes | 450/3 | €67,557 | €34,558 | -€32,998 | -48.8% |
| Other amounts payable | 47/48 | €1,597 | €68,000 | +€66,403 | +4,157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,084 | €56,377 | -€8,707 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,387 | +€38,387 | |
| Other operating charges | 640/8 | €12,319 | €14,166 | +€1,847 | +15.0% |
| Gross operating margin | 9900 | €258,716 | €224,949 | -€33,767 | -13.1% |
| Operating profit (loss) | 9901 | €181,313 | €116,018 | -€65,295 | -36.0% |
| Financial income | 75/76B | €472 | €1,448 | +€976 | +206% |
| Recurring financial income | 75 | €472 | €1,448 | +€976 | +206% |
| Financial charges | 65/66B | €8,786 | €10,785 | +€1,999 | +22.8% |
| Recurring financial charges | 65 | €8,786 | €10,785 | +€1,999 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €173,000 | €106,681 | -€66,319 | -38.3% |
| Income taxes | 67/77 | €45,478 | €38,469 | -€7,009 | -15.4% |
| Profit (loss) for the period | 9904 | €127,521 | €68,212 | -€59,309 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,521 | €68,212 | -€59,309 | -46.5% |
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 17 October 2026 via checked.be.