B2B Connections: 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.
B2B Connections
Largest movements
- Receivables within one year -€44,916
down €44,916 (-40.9%), from €109,939 to €65,022
of which Trade receivables: -€39,146
- Tangible fixed assets -€11,117
down €11,117 (-22.0%), from €50,527 to €39,410
of which Furniture and vehicles: -€9,699
- Cash -€7,563
down €7,563 (-6.0%), from €127,029 to €119,466
mainly Contributions, distributions and other (-€183,300) and Other debts (-€36,163)
- Other debts -€36,163
down €36,163 (-16.3%), from €222,536 to €186,373
- Tax, wage and social debts -€18,848
down €18,848 (-88.9%), from €21,213 to €2,365
- Debts after one year -€9,076
down €9,076 (-43.7%), from €20,772 to €11,696
- Gross operating margin -€39,566
down €39,566 (-12.8%), from €308,359 to €268,792
- Taxes -€12,404
down €12,404 (-15.5%), from €79,769 to €67,365
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 | €287,495 | €223,971 | -€63,524 | -22.1% |
| Fixed assets | 21/28 | €50,527 | €39,410 | -€11,117 | -22.0% |
| Tangible fixed assets | 22/27 | €50,527 | €39,410 | -€11,117 | -22.0% |
| Furniture and vehicles | 24 | €43,873 | €34,174 | -€9,699 | -22.1% |
| Other tangible fixed assets | 26 | €6,654 | €5,237 | -€1,418 | -21.3% |
| Current assets | 29/58 | €236,967 | €184,560 | -€52,407 | -22.1% |
| Amounts receivable within one year | 40/41 | €109,939 | €65,022 | -€44,916 | -40.9% |
| Trade receivables | 40 | €96,132 | €56,985 | -€39,146 | -40.7% |
| Other amounts receivable | 41 | €13,807 | €8,037 | -€5,770 | -41.8% |
| Cash at bank and in hand | 54/58 | €127,029 | €119,466 | -€7,563 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €287,495 | €223,971 | -€63,524 | -22.1% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €284,995 | €221,471 | -€63,524 | -22.3% |
| Amounts payable after more than one year | 17 | €20,772 | €11,696 | -€9,076 | -43.7% |
| Financial debts | 170/4 | €20,772 | €11,696 | -€9,076 | -43.7% |
| Amounts payable within one year | 42/48 | €264,223 | €209,775 | -€54,448 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €8,833 | €9,076 | +€242 | +2.7% |
| Trade debts | 44 | €11,640 | €11,960 | +€320 | +2.8% |
| Suppliers | 440/4 | €11,640 | €11,960 | +€320 | +2.8% |
| Taxes, remuneration and social security | 45 | €21,213 | €2,365 | -€18,848 | -88.9% |
| Taxes | 450/3 | €21,213 | €2,365 | -€18,848 | -88.9% |
| Other amounts payable | 47/48 | €222,536 | €186,373 | -€36,163 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,747 | €13,801 | +€2,053 | +17.5% |
| Other operating charges | 640/8 | €2,381 | €2,533 | +€152 | +6.4% |
| Non-recurring operating charges | 66A | - | €676 | +€676 | |
| Gross operating margin | 9900 | €308,359 | €268,792 | -€39,566 | -12.8% |
| Operating profit (loss) | 9901 | €294,230 | €251,782 | -€42,448 | -14.4% |
| Financial income | 75/76B | €1,837 | €0 | -€1,837 | -100.0% |
| Recurring financial income | 75 | €1,837 | €0 | -€1,837 | -100.0% |
| Financial charges | 65/66B | €1,076 | €1,117 | +€40 | +3.8% |
| Recurring financial charges | 65 | €1,076 | €1,117 | +€40 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €294,991 | €250,665 | -€44,326 | -15.0% |
| Income taxes | 67/77 | €79,769 | €67,365 | -€12,404 | -15.5% |
| Profit (loss) for the period | 9904 | €215,222 | €183,300 | -€31,922 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €215,222 | €183,300 | -€31,922 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.