Infino: 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.
Infino
Largest movements
- Receivables within one year -€380,439
down €380,439 (-33.8%), from €1.1m to €744,086
of which Trade receivables: -€418,733
- Intangible fixed assets -€185,779
no longer reported in 2025 (was €185,779)
- Cash -€132,458
down €132,458 (-8.2%), from €1.6m to €1.5m
mainly Tax, wage and social debts (-€770,096) and Trade debts (-€352,868)
- Deferred charges and accrued income -€131,470
down €131,470 (-98.4%), from €133,658 to €2,188
- Tangible fixed assets -€125,731
no longer reported in 2025 (was €125,731)
of which Plant, machinery and equipment: -€114,805
- Tax, wage and social debts -€770,096
down €770,096 (-99.8%), from €771,633 to €1,537
of which Remuneration and social security: -€661,486
- Trade debts -€352,868
down €352,868 (-30.3%), from €1.2m to €812,193
- Profit (loss) carried forward +€167,728
up €167,728 (+13.6%), from €1.2m to €1.4m
- Other operating income -€2.9m
down €2.9m (-21.3%), from €13.4m to €10.6m
- Staff costs -€1.4m
down €1.4m (-37.0%), from €3.7m to €2.3m
- Services and other goods -€1.2m
down €1.2m (-13.0%), from €9.2m to €8.0m
- Depreciation -€53,850
down €53,850 (-33.0%), from €163,342 to €109,492
- Taxes -€36,187
down €36,187 (-32.1%), from €112,865 to €76,679
of which Taxes: -€39,491
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 | €3,186,159 | €2,230,282 | -€955,877 | -30.0% |
| Fixed assets | 21/28 | €311,509 | - | -€311,509 | |
| Intangible fixed assets | 21 | €185,779 | - | -€185,779 | |
| Tangible fixed assets | 22/27 | €125,731 | - | -€125,731 | |
| Plant, machinery and equipment | 23 | €114,805 | - | -€114,805 | |
| Other tangible fixed assets | 26 | €10,926 | - | -€10,926 | |
| Current assets | 29/58 | €2,874,650 | €2,230,282 | -€644,368 | -22.4% |
| Amounts receivable within one year | 40/41 | €1,124,525 | €744,086 | -€380,439 | -33.8% |
| Trade receivables | 40 | €1,124,525 | €705,792 | -€418,733 | -37.2% |
| Other amounts receivable | 41 | - | €38,294 | +€38,294 | |
| Cash at bank and in hand | 54/58 | €1,616,467 | €1,484,008 | -€132,458 | -8.2% |
| Deferred charges and accrued income | 490/1 | €133,658 | €2,188 | -€131,470 | -98.4% |
| Total equity and liabilities | 10/49 | €3,186,159 | €2,230,282 | -€955,877 | -30.0% |
| Equity | 10/15 | €1,248,824 | €1,416,552 | +€167,728 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,230,224 | €1,397,952 | +€167,728 | +13.6% |
| Amounts payable | 17/49 | €1,937,335 | €813,730 | -€1.1m | -58.0% |
| Amounts payable within one year | 42/48 | €1,937,335 | €813,730 | -€1.1m | -58.0% |
| Trade debts | 44 | €1,165,062 | €812,193 | -€352,868 | -30.3% |
| Suppliers | 440/4 | €1,165,062 | €812,193 | -€352,868 | -30.3% |
| Taxes, remuneration and social security | 45 | €771,633 | €1,537 | -€770,096 | -99.8% |
| Taxes | 450/3 | €109,780 | €1,170 | -€108,610 | -98.9% |
| Remuneration and social security | 454/9 | €661,852 | €366 | -€661,486 | -99.9% |
| Other amounts payable | 47/48 | €641 | - | -€641 | |
| Operating income | 70/76A | €13,425,119 | €10,697,136 | -€2.7m | -20.3% |
| Other operating income | 74 | €13,425,119 | €10,572,065 | -€2.9m | -21.3% |
| Non-recurring operating income | 76A | - | €125,071 | +€125,071 | |
| Operating charges | 60/66A | €13,078,448 | €10,463,138 | -€2.6m | -20.0% |
| Services and other goods | 61 | €9,231,475 | €8,031,598 | -€1.2m | -13.0% |
| Remuneration, social security and pensions | 62 | €3,670,654 | €2,313,943 | -€1.4m | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,342 | €109,492 | -€53,850 | -33.0% |
| Other operating charges | 640/8 | €2,742 | €7,949 | +€5,207 | +190% |
| Non-recurring operating charges | 66A | €10,235 | €157 | -€10,078 | -98.5% |
| Operating profit (loss) | 9901 | €346,670 | €233,997 | -€112,673 | -32.5% |
| Financial income | 75/76B | €21,350 | €16,416 | -€4,934 | -23.1% |
| Recurring financial income | 75 | €21,350 | €16,416 | -€4,934 | -23.1% |
| Income from current assets | 751 | €21,350 | €16,409 | -€4,941 | -23.1% |
| Other financial income | 752/9 | - | €7 | +€7 | |
| Financial charges | 65/66B | €12,490 | €6,006 | -€6,484 | -51.9% |
| Recurring financial charges | 65 | €12,490 | €6,006 | -€6,484 | -51.9% |
| Debt charges | 650 | €9,596 | €4,674 | -€4,922 | -51.3% |
| Other financial charges | 652/9 | €2,894 | €1,332 | -€1,562 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €355,530 | €244,407 | -€111,123 | -31.3% |
| Income taxes | 67/77 | €112,865 | €76,679 | -€36,187 | -32.1% |
| Taxes | 670/3 | €116,170 | €76,679 | -€39,491 | -34.0% |
| Tax adjustments and reversals of tax provisions | 77 | €3,305 | - | -€3,305 | |
| Profit (loss) for the period | 9904 | €242,665 | €167,728 | -€74,937 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €242,665 | €167,728 | -€74,937 | -30.9% |
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 22 October 2026 via checked.be.