B-CONNECT: 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.
B-CONNECT
Largest movements
- Receivables after one year -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€89,345
up €89,345 (+126%), from €70,918 to €160,264
of which Other amounts receivable: +€121,371
- Trade debts -€27,988
down €27,988 (-49.9%), from €56,057 to €28,069
- Advances received -€22,666
no longer reported in 2025 (was €22,666)
- Other debts -€18,024
no longer reported in 2025 (was €18,024)
- Profit (loss) carried forward +€11,198
up €11,198 (+11.6%), from €96,588 to €107,787
- Tax, wage and social debts -€4,685
down €4,685 (-33.7%), from €13,886 to €9,201
- Financial income +€10,715
up €10,715 (+496%), from €2,160 to €12,875
- Depreciation -€7,675
down €7,675 (-85.0%), from €9,031 to €1,356
- Taxes +€4,214
up €4,214 (+593%), from €710 to €4,924
- Other operating charges +€2,534
up €2,534 (+703%), from €361 to €2,895
- Financial charges -€1,692
down €1,692 (-35.9%), from €4,720 to €3,028
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 | €227,674 | €166,219 | -€61,455 | -27.0% |
| Fixed assets | 21/28 | €5,311 | €5,955 | +€644 | +12.1% |
| Tangible fixed assets | 22/27 | €5,141 | €5,785 | +€644 | +12.5% |
| Land and buildings | 22 | €3,125 | €3,125 | = | 0.0% |
| Furniture and vehicles | 24 | €2,016 | €2,660 | +€644 | +32.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €222,363 | €160,264 | -€62,100 | -27.9% |
| Amounts receivable after more than one year | 29 | €150,000 | - | -€150,000 | |
| Other amounts receivable | 291 | €150,000 | - | -€150,000 | |
| Amounts receivable within one year | 40/41 | €70,918 | €160,264 | +€89,345 | +126% |
| Trade receivables | 40 | €68,258 | €36,233 | -€32,026 | -46.9% |
| Other amounts receivable | 41 | €2,660 | €124,031 | +€121,371 | +4,563% |
| Cash at bank and in hand | 54/58 | €1,445 | - | -€1,445 | |
| Total equity and liabilities | 10/49 | €227,674 | €166,219 | -€61,455 | -27.0% |
| Equity | 10/15 | €117,040 | €128,239 | +€11,198 | +9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,588 | €107,787 | +€11,198 | +11.6% |
| Amounts payable | 17/49 | €110,634 | €37,980 | -€72,653 | -65.7% |
| Amounts payable within one year | 42/48 | €110,634 | €37,980 | -€72,653 | -65.7% |
| Financial debts | 43 | - | €710 | +€710 | |
| Credit institutions | 430/8 | - | €710 | +€710 | |
| Trade debts | 44 | €56,057 | €28,069 | -€27,988 | -49.9% |
| Suppliers | 440/4 | €56,057 | €28,069 | -€27,988 | -49.9% |
| Advances received on contracts in progress | 46 | €22,666 | - | -€22,666 | |
| Taxes, remuneration and social security | 45 | €13,886 | €9,201 | -€4,685 | -33.7% |
| Taxes | 450/3 | €13,886 | €9,201 | -€4,685 | -33.7% |
| Other amounts payable | 47/48 | €18,024 | - | -€18,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,031 | €1,356 | -€7,675 | -85.0% |
| Other operating charges | 640/8 | €361 | €2,895 | +€2,534 | +703% |
| Gross operating margin | 9900 | €12,027 | €10,526 | -€1,501 | -12.5% |
| Operating profit (loss) | 9901 | €2,635 | €6,275 | +€3,640 | +138% |
| Financial income | 75/76B | €2,160 | €12,875 | +€10,715 | +496% |
| Recurring financial income | 75 | €2,160 | €12,875 | +€10,715 | +496% |
| Financial charges | 65/66B | €4,720 | €3,028 | -€1,692 | -35.9% |
| Recurring financial charges | 65 | €4,720 | €3,028 | -€1,692 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €75 | €16,122 | +€16,047 | +21,291% |
| Income taxes | 67/77 | €710 | €4,924 | +€4,214 | +593% |
| Profit (loss) for the period | 9904 | -€635 | €11,198 | +€11,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€635 | €11,198 | +€11,833 |
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 20 October 2026 via checked.be.