INFINOVA: 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.
INFINOVA
Largest movements
- Cash +€160,197
up €160,197 (+120%), from €133,374 to €293,570
mainly Current portion of long-term debt (+€192,000) and Net result for the year (+€182,488)
- Stocks and contracts +€60,049
up €60,049 (+27.8%), from €215,868 to €275,917
- Receivables within one year +€24,130
up €24,130 (+79.0%), from €30,525 to €54,655
of which Trade receivables: +€23,988
- Debts after one year -€192,000
down €192,000 (-100%), from €192,000 to €0
- Current portion of long-term debt +€192,000
new in 2025: €192,000
- Reserves +€182,488
up €182,488 (+147%), from €124,539 to €307,027
- Tax, wage and social debts +€58,210
up €58,210 (+94.2%), from €61,778 to €119,988
- Gross operating margin +€79,676
up €79,676 (+48.0%), from €165,912 to €245,588
- Taxes +€20,524
up €20,524 (+53.4%), from €38,450 to €58,974
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 | €384,431 | €627,977 | +€243,547 | +63.4% |
| Fixed assets | 21/28 | €2,307 | €1,425 | -€882 | -38.2% |
| Tangible fixed assets | 22/27 | €2,307 | €1,425 | -€882 | -38.2% |
| Furniture and vehicles | 24 | €2,307 | €1,425 | -€882 | -38.2% |
| Current assets | 29/58 | €382,124 | €626,552 | +€244,428 | +64.0% |
| Stocks and contracts in progress | 3 | €215,868 | €275,917 | +€60,049 | +27.8% |
| Stocks | 30/36 | €215,868 | €275,917 | +€60,049 | +27.8% |
| Amounts receivable within one year | 40/41 | €30,525 | €54,655 | +€24,130 | +79.0% |
| Trade receivables | 40 | €30,522 | €54,511 | +€23,988 | +78.6% |
| Other amounts receivable | 41 | €3 | €144 | +€141 | +5,259% |
| Cash at bank and in hand | 54/58 | €133,374 | €293,570 | +€160,197 | +120% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,410 | +€53 | +2.2% |
| Total equity and liabilities | 10/49 | €384,431 | €627,977 | +€243,547 | +63.4% |
| Equity | 10/15 | €129,539 | €312,027 | +€182,488 | +141% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €124,539 | €307,027 | +€182,488 | +147% |
| Distributable reserves | 133 | €124,539 | €307,027 | +€182,488 | +147% |
| Amounts payable | 17/49 | €254,891 | €315,950 | +€61,059 | +24.0% |
| Amounts payable after more than one year | 17 | €192,000 | €0 | -€192,000 | -100% |
| Financial debts | 170/4 | €192,000 | €0 | -€192,000 | -100% |
| Amounts payable within one year | 42/48 | €62,891 | €315,950 | +€253,059 | +402% |
| Current portion of amounts payable after more than one year | 42 | - | €192,000 | +€192,000 | |
| Trade debts | 44 | €1,113 | €3,963 | +€2,849 | +256% |
| Suppliers | 440/4 | €1,113 | €3,963 | +€2,849 | +256% |
| Taxes, remuneration and social security | 45 | €61,778 | €119,988 | +€58,210 | +94.2% |
| Taxes | 450/3 | €61,778 | €119,988 | +€58,210 | +94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €882 | +€543 | +161% |
| Other operating charges | 640/8 | €1,472 | €413 | -€1,059 | -72.0% |
| Gross operating margin | 9900 | €165,912 | €245,588 | +€79,676 | +48.0% |
| Operating profit (loss) | 9901 | €164,102 | €244,294 | +€80,192 | +48.9% |
| Financial charges | 65/66B | €1,113 | €2,832 | +€1,719 | +154% |
| Recurring financial charges | 65 | €1,113 | €2,832 | +€1,719 | +154% |
| Profit (loss) for the period before taxes | 9903 | €162,989 | €241,462 | +€78,473 | +48.1% |
| Income taxes | 67/77 | €38,450 | €58,974 | +€20,524 | +53.4% |
| Profit (loss) for the period | 9904 | €124,539 | €182,488 | +€57,949 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €124,539 | €182,488 | +€57,949 | +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 21 October 2026 via checked.be.