A-Connect: 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.
A-Connect
Largest movements
- Cash +€86,948
up €86,948 (+66.4%), from €130,920 to €217,868
mainly Net result for the year (+€174,140) and Tax, wage and social debts (+€47,626)
- Receivables after one year +€79,043
up €79,043 (+830.7%), from €9,515 to €88,558
- Receivables within one year +€44,091
up €44,091 (+239.5%), from €18,413 to €62,504
of which Trade receivables: +€44,091
- Tangible fixed assets +€16,833
up €16,833 (+306.4%), from €5,494 to €22,326
of which Plant, machinery and equipment: +€15,054
- Reserves +€172,540
up €172,540 (+152.8%), from €112,940 to €285,480
- Tax, wage and social debts +€47,626
up €47,626 (+109.4%), from €43,548 to €91,174
of which Taxes: +€39,647
- Trade debts +€5,629
up €5,629 (+197.2%), from €2,854 to €8,483
- Gross operating margin +€100,470
up €100,470 (+68.5%), from €146,755 to €247,226
- Taxes +€20,109
up €20,109 (+63.1%), from €31,854 to €51,963
- Staff costs +€17,006
new in 2022: €17,006
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,342 | €391,257 | +€226,915 | +138.1% |
| Fixed assets | 21/28 | €5,494 | €22,326 | +€16,833 | +306.4% |
| Tangible fixed assets | 22/27 | €5,494 | €22,326 | +€16,833 | +306.4% |
| Plant, machinery and equipment | 23 | €5,494 | €20,547 | +€15,054 | +274.0% |
| Furniture and vehicles | 24 | - | €1,779 | +€1,779 | |
| Current assets | 29/58 | €158,848 | €368,931 | +€210,083 | +132.3% |
| Amounts receivable after more than one year | 29 | €9,515 | €88,558 | +€79,043 | +830.7% |
| Other amounts receivable | 291 | €9,515 | €88,558 | +€79,043 | +830.7% |
| Amounts receivable within one year | 40/41 | €18,413 | €62,504 | +€44,091 | +239.5% |
| Trade receivables | 40 | €18,313 | €62,404 | +€44,091 | +240.8% |
| Other amounts receivable | 41 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,920 | €217,868 | +€86,948 | +66.4% |
| Total equity and liabilities | 10/49 | €164,342 | €391,257 | +€226,915 | +138.1% |
| Equity | 10/15 | €117,940 | €290,480 | +€172,540 | +146.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,940 | €285,480 | +€172,540 | +152.8% |
| Distributable reserves | 133 | €112,940 | €285,480 | +€172,540 | +152.8% |
| Amounts payable | 17/49 | €46,402 | €100,777 | +€54,375 | +117.2% |
| Amounts payable within one year | 42/48 | €46,402 | €100,777 | +€54,375 | +117.2% |
| Trade debts | 44 | €2,854 | €8,483 | +€5,629 | +197.2% |
| Suppliers | 440/4 | €2,854 | €8,483 | +€5,629 | +197.2% |
| Taxes, remuneration and social security | 45 | €43,548 | €91,174 | +€47,626 | +109.4% |
| Taxes | 450/3 | €43,548 | €83,195 | +€39,647 | +91.0% |
| Remuneration and social security | 454/9 | - | €7,979 | +€7,979 | |
| Other amounts payable | 47/48 | - | €1,120 | +€1,120 | |
| Remuneration, social security and pensions | 62 | - | €17,006 | +€17,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €3,157 | +€1,990 | +170.4% |
| Other operating charges | 640/8 | €1,229 | €887 | -€342 | -27.8% |
| Gross operating margin | 9900 | €146,755 | €247,226 | +€100,470 | +68.5% |
| Operating profit (loss) | 9901 | €144,359 | €226,176 | +€81,817 | +56.7% |
| Financial income | 75/76B | €521 | €201 | -€320 | -61.4% |
| Recurring financial income | 75 | €521 | €201 | -€320 | -61.4% |
| Financial charges | 65/66B | €87 | €274 | +€187 | +215.5% |
| Recurring financial charges | 65 | €87 | €274 | +€187 | +215.5% |
| Profit (loss) for the period before taxes | 9903 | €144,794 | €226,103 | +€81,309 | +56.2% |
| Income taxes | 67/77 | €31,854 | €51,963 | +€20,109 | +63.1% |
| Profit (loss) for the period | 9904 | €112,940 | €174,140 | +€61,201 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,940 | €174,140 | +€61,201 | +54.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.