INFIVI: 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.
INFIVI
Largest movements
- Receivables within one year -€57,739
down €57,739 (-43.4%), from €132,914 to €75,175
of which Other amounts receivable: -€63,795
- Tangible fixed assets +€23,487
up €23,487 (+35.9%), from €65,374 to €88,861
of which Other tangible fixed assets: +€31,571
- Deferred charges and accrued income +€7,359
up €7,359 (+38.0%), from €19,377 to €26,736
- Other debts -€30,740
down €30,740 (-25.8%), from €119,000 to €88,260
- Trade debts +€10,930
up €10,930 (+1479.5%), from €739 to €11,669
- Debts after one year -€6,586
down €6,586 (-27.4%), from €24,010 to €17,423
- Current portion of long-term debt +€4,513
up €4,513 (+26.6%), from €16,939 to €21,452
- Profit (loss) carried forward -€3,235
down €3,235 (-100.0%), from €3,235 to €0
- Gross operating margin +€20,988
up €20,988 (+15.8%), from €133,064 to €154,052
- Depreciation +€3,956
up €3,956 (+37.0%), from €10,696 to €14,652
- Taxes +€3,243
up €3,243 (+9.3%), from €34,718 to €37,961
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 | €223,507 | €195,878 | -€27,629 | -12.4% |
| Fixed assets | 21/28 | €65,737 | €89,224 | +€23,487 | +35.7% |
| Tangible fixed assets | 22/27 | €65,374 | €88,861 | +€23,487 | +35.9% |
| Furniture and vehicles | 24 | €38,196 | €30,111 | -€8,084 | -21.2% |
| Other tangible fixed assets | 26 | €27,179 | €58,750 | +€31,571 | +116.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €157,770 | €106,654 | -€51,116 | -32.4% |
| Amounts receivable within one year | 40/41 | €132,914 | €75,175 | -€57,739 | -43.4% |
| Trade receivables | 40 | - | €6,056 | +€6,056 | |
| Other amounts receivable | 41 | €132,914 | €69,119 | -€63,795 | -48.0% |
| Cash at bank and in hand | 54/58 | €5,479 | €4,743 | -€736 | -13.4% |
| Deferred charges and accrued income | 490/1 | €19,377 | €26,736 | +€7,359 | +38.0% |
| Total equity and liabilities | 10/49 | €223,507 | €195,878 | -€27,629 | -12.4% |
| Equity | 10/15 | €4,235 | €1,000 | -€3,235 | -76.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €3,235 | €0 | -€3,235 | -100.0% |
| Amounts payable | 17/49 | €219,272 | €194,878 | -€24,394 | -11.1% |
| Amounts payable after more than one year | 17 | €24,010 | €17,423 | -€6,586 | -27.4% |
| Financial debts | 170/4 | €24,010 | €17,423 | -€6,586 | -27.4% |
| Amounts payable within one year | 42/48 | €195,054 | €177,455 | -€17,599 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €16,939 | €21,452 | +€4,513 | +26.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €739 | €11,669 | +€10,930 | +1479.5% |
| Suppliers | 440/4 | €739 | €11,669 | +€10,930 | +1479.5% |
| Taxes, remuneration and social security | 45 | €58,377 | €56,074 | -€2,303 | -3.9% |
| Taxes | 450/3 | €58,377 | €56,074 | -€2,303 | -3.9% |
| Other amounts payable | 47/48 | €119,000 | €88,260 | -€30,740 | -25.8% |
| Accrued charges and deferred income | 492/3 | €208 | €0 | -€208 | -100.0% |
| Non-recurring operating income | 76A | €107 | €0 | -€107 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | €507 | +€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,696 | €14,652 | +€3,956 | +37.0% |
| Other operating charges | 640/8 | €1,237 | €1,493 | +€256 | +20.7% |
| Non-recurring operating charges | 66A | €1,282 | €0 | -€1,282 | -100.0% |
| Gross operating margin | 9900 | €133,064 | €154,052 | +€20,988 | +15.8% |
| Operating profit (loss) | 9901 | €119,848 | €137,400 | +€17,552 | +14.6% |
| Financial income | 75/76B | €5,972 | €5,475 | -€497 | -8.3% |
| Recurring financial income | 75 | €5,972 | €5,475 | -€497 | -8.3% |
| Financial charges | 65/66B | €3,177 | €4,315 | +€1,137 | +35.8% |
| Recurring financial charges | 65 | €3,177 | €4,315 | +€1,137 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €122,643 | €138,561 | +€15,918 | +13.0% |
| Income taxes | 67/77 | €34,718 | €37,961 | +€3,243 | +9.3% |
| Profit (loss) for the period | 9904 | €87,926 | €100,600 | +€12,675 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,926 | €100,600 | +€12,675 | +14.4% |
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 12 October 2026 via checked.be.