INFITAY: 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.
INFITAY
Largest movements
- Cash +€28,786
up €28,786 (+51.5%), from €55,917 to €84,703
mainly Net result for the year (+€35,330) and Trade debts (+€1,374)
- Receivables within one year +€5,085
up €5,085 (+89.9%), from €5,659 to €10,744
of which Trade receivables: +€4,161
- Profit (loss) carried forward +€35,330
up €35,330 (+72.0%), from €49,094 to €84,424
- Tax, wage and social debts -€3,179
down €3,179 (-24.9%), from €12,768 to €9,589
- Trade debts +€1,374
up €1,374 (+256.3%), from €536 to €1,910
- Gross operating margin -€16,672
down €16,672 (-26.8%), from €62,195 to €45,523
- Taxes -€3,179
down €3,179 (-24.9%), from €12,768 to €9,589
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 | €62,498 | €96,023 | +€33,525 | +53.6% |
| Fixed assets | 21/28 | €922 | €576 | -€346 | -37.5% |
| Tangible fixed assets | 22/27 | €922 | €576 | -€346 | -37.5% |
| Plant, machinery and equipment | 23 | €922 | €576 | -€346 | -37.5% |
| Current assets | 29/58 | €61,576 | €95,447 | +€33,871 | +55.0% |
| Amounts receivable within one year | 40/41 | €5,659 | €10,744 | +€5,085 | +89.9% |
| Trade receivables | 40 | €2,334 | €6,495 | +€4,161 | +178.3% |
| Other amounts receivable | 41 | €3,325 | €4,249 | +€924 | +27.8% |
| Cash at bank and in hand | 54/58 | €55,917 | €84,703 | +€28,786 | +51.5% |
| Total equity and liabilities | 10/49 | €62,498 | €96,023 | +€33,525 | +53.6% |
| Equity | 10/15 | €49,194 | €84,524 | +€35,330 | +71.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,094 | €84,424 | +€35,330 | +72.0% |
| Amounts payable | 17/49 | €13,304 | €11,499 | -€1,805 | -13.6% |
| Amounts payable within one year | 42/48 | €13,304 | €11,499 | -€1,805 | -13.6% |
| Trade debts | 44 | €536 | €1,910 | +€1,374 | +256.3% |
| Suppliers | 440/4 | €536 | €1,910 | +€1,374 | +256.3% |
| Taxes, remuneration and social security | 45 | €12,768 | €9,589 | -€3,179 | -24.9% |
| Taxes | 450/3 | €12,768 | €9,589 | -€3,179 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €346 | +€219 | +172.4% |
| Other operating charges | 640/8 | €132 | €63 | -€69 | -52.3% |
| Gross operating margin | 9900 | €62,195 | €45,523 | -€16,672 | -26.8% |
| Operating profit (loss) | 9901 | €61,936 | €45,114 | -€16,822 | -27.2% |
| Financial charges | 65/66B | €74 | €195 | +€121 | +163.5% |
| Recurring financial charges | 65 | €74 | €195 | +€121 | +163.5% |
| Profit (loss) for the period before taxes | 9903 | €61,862 | €44,919 | -€16,943 | -27.4% |
| Income taxes | 67/77 | €12,768 | €9,589 | -€3,179 | -24.9% |
| Profit (loss) for the period | 9904 | €49,094 | €35,330 | -€13,764 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,094 | €35,330 | -€13,764 | -28.0% |
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 5 October 2026 via checked.be.