B-CONNECTED: 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.
What changed
B-CONNECTED
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€175,198
2024 · -€292,203+€117,004
Equity
€159,882
2024 · €335,080-€175,198
Cash
€644,140
2024 · €617,381+€26,759
Balance sheet total
€3.4m
2024 · €4.4m-€934,675
Largest movements
Assets
- Receivables within one year -€910,492
down €910,492 (-33.2%), from €2.7m to €1.8m
- Deferred charges and accrued income +€188,013
up €188,013 (+56.7%), from €331,566 to €519,579
- Intangible fixed assets -€181,650
down €181,650 (-52.3%), from €347,384 to €165,734
- Tangible fixed assets -€57,305
down €57,305 (-18.1%), from €316,781 to €259,476
of which Other tangible fixed assets: -€57,171
Equity and liabilities
- Trade debts -€666,877
down €666,877 (-46.8%), from €1.4m to €758,004
- Debts after one year +€300,000
up €300,000 (+60.0%), from €500,000 to €800,000
- Other debts -€204,500
down €204,500 (-20.9%), from €977,300 to €772,800
- Tax, wage and social debts -€109,869
down €109,869 (-13.2%), from €832,277 to €722,408
of which Taxes: -€91,082
- Profit (loss) carried forward -€94,818
new in 2025: -€94,818
Income statement
- Turnover -€1.1m
down €1.1m (-9.2%), from €12.5m to €11.3m
- Staff costs -€591,812
down €591,812 (-16.2%), from €3.7m to €3.1m
- Services and other goods -€317,864
down €317,864 (-11.6%), from €2.7m to €2.4m
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.
Result 2024
-€292,203
Turnover
-€1.1m
Other operating income
+€5,945
Goods and materials
+€46,895
Services and other goods
+€317,864
Staff costs
+€591,812
Depreciation
+€5,099
Other operating charges
+€3,289
Other operating items
+€250,000
Financial charges
+€42,508
Result 2025
-€175,198
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.
From operations
-€183,046
Investment
-€11,300
Financing
+€221,105
Cash 2024
€617,381
From operations (derived)
-€183,046
Net result for the year
-€175,198
Depreciation
+€250,255
Receivables within one year
+€910,492
Deferred charges and accrued income
-€188,013
Trade debts
-€666,877
Tax, wage and social debts
-€109,869
Other debts
-€204,500
Accrued charges and deferred income
+€665
Investment (derived)
-€11,300
Investment in fixed assets (net)
-€11,300
Financing
+€221,105
Debts after one year
+€300,000
Short-term financial debts
-€78,895
Cash 2025
€644,140
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,359,511 | €3,424,836 | -€934,675 | -21.4% |
| Fixed assets | 21/28 | €671,324 | €432,369 | -€238,955 | -35.6% |
| Intangible fixed assets | 21 | €347,384 | €165,734 | -€181,650 | -52.3% |
| Tangible fixed assets | 22/27 | €316,781 | €259,476 | -€57,305 | -18.1% |
| Plant, machinery and equipment | 23 | €12,306 | €13,827 | +€1,522 | +12.4% |
| Furniture and vehicles | 24 | €2,333 | €677 | -€1,656 | -71.0% |
| Other tangible fixed assets | 26 | €302,143 | €244,972 | -€57,171 | -18.9% |
| Financial fixed assets | 28 | €7,160 | €7,160 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,160 | €7,160 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,160 | €7,160 | = | 0.0% |
| Current assets | 29/58 | €3,688,187 | €2,992,466 | -€695,720 | -18.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,739,239 | €1,828,748 | -€910,492 | -33.2% |
| Trade receivables | 40 | €2,739,239 | €1,828,748 | -€910,492 | -33.2% |
| Cash at bank and in hand | 54/58 | €617,381 | €644,140 | +€26,759 | +4.3% |
| Deferred charges and accrued income | 490/1 | €331,566 | €519,579 | +€188,013 | +56.7% |
| Total equity and liabilities | 10/49 | €4,359,511 | €3,424,836 | -€934,675 | -21.4% |
| Equity | 10/15 | €335,080 | €159,882 | -€175,198 | -52.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €135,080 | €54,700 | -€80,380 | -59.5% |
| Non-distributable reserves | 130/1 | €54,700 | €54,700 | = | 0.0% |
| Legal reserve | 130 | €54,700 | €54,700 | = | 0.0% |
| Distributable reserves | 133 | €80,380 | €0 | -€80,380 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€94,818 | -€94,818 | |
| Amounts payable | 17/49 | €4,024,431 | €3,264,954 | -€759,477 | -18.9% |
| Amounts payable after more than one year | 17 | €500,000 | €800,000 | +€300,000 | +60.0% |
| Financial debts | 170/4 | €500,000 | €800,000 | +€300,000 | +60.0% |
| Credit institutions | 173 | €500,000 | €800,000 | +€300,000 | +60.0% |
| Amounts payable within one year | 42/48 | €3,518,276 | €2,458,134 | -€1.1m | -30.1% |
| Financial debts | 43 | €283,817 | €204,922 | -€78,895 | -27.8% |
| Credit institutions | 430/8 | €283,817 | €204,922 | -€78,895 | -27.8% |
| Trade debts | 44 | €1,424,881 | €758,004 | -€666,877 | -46.8% |
| Suppliers | 440/4 | €1,424,881 | €758,004 | -€666,877 | -46.8% |
| Taxes, remuneration and social security | 45 | €832,277 | €722,408 | -€109,869 | -13.2% |
| Taxes | 450/3 | €331,195 | €240,113 | -€91,082 | -27.5% |
| Remuneration and social security | 454/9 | €501,082 | €482,294 | -€18,788 | -3.7% |
| Other amounts payable | 47/48 | €977,300 | €772,800 | -€204,500 | -20.9% |
| Accrued charges and deferred income | 492/3 | €6,155 | €6,820 | +€665 | +10.8% |
| Operating income | 70/76A | €12,485,479 | €11,595,017 | -€890,462 | -7.1% |
| Turnover | 70 | €12,458,731 | €11,312,324 | -€1.1m | -9.2% |
| Other operating income | 74 | €26,748 | €32,693 | +€5,945 | +22.2% |
| Non-recurring operating income | 76A | - | €250,000 | +€250,000 | |
| Operating charges | 60/66A | €12,677,021 | €11,712,062 | -€964,958 | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €6,011,201 | €5,964,307 | -€46,895 | -0.8% |
| Purchases | 600/8 | €6,011,201 | €5,964,307 | -€46,895 | -0.8% |
| Services and other goods | 61 | €2,748,877 | €2,431,013 | -€317,864 | -11.6% |
| Remuneration, social security and pensions | 62 | €3,657,682 | €3,065,871 | -€591,812 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,354 | €250,255 | -€5,099 | -2.0% |
| Other operating charges | 640/8 | €3,906 | €617 | -€3,289 | -84.2% |
| Operating profit (loss) | 9901 | -€191,541 | -€117,045 | +€74,496 | +38.9% |
| Financial charges | 65/66B | €100,661 | €58,153 | -€42,508 | -42.2% |
| Recurring financial charges | 65 | €100,661 | €58,153 | -€42,508 | -42.2% |
| Debt charges | 650 | €100,661 | €58,153 | -€42,508 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€292,203 | -€175,198 | +€117,004 | +40.0% |
| Profit (loss) for the period | 9904 | -€292,203 | -€175,198 | +€117,004 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,203 | -€175,198 | +€117,004 | +40.0% |
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 9 October 2026 via checked.be.