BRUXELLES-CONNECTION: 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.
BRUXELLES-CONNECTION
Largest movements
- Cash +€7,920
up €7,920 (+78.3%), from €10,119 to €18,040
mainly Net result for the year (+€2,840) and Depreciation (+€2,442)
- Stocks and contracts -€2,313
down €2,313 (-10.0%), from €23,134 to €20,820
- Tangible fixed assets -€1,554
down €1,554 (-33.5%), from €4,638 to €3,085
- Profit (loss) carried forward +€2,840
up €2,840 (+6.5%), from €43,623 to €46,464
- Gross operating margin +€1,938
up €1,938 (+11.2%), from €17,246 to €19,184
- Depreciation +€693
up €693 (+39.6%), from €1,749 to €2,442
- Staff costs +€641
up €641 (+8.0%), from €7,976 to €8,617
- Write-downs -€257
down €257 (-10.0%), from €2,570 to €2,313
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,894 | €75,316 | +€3,422 | +4.8% |
| Fixed assets | 21/28 | €5,248 | €3,695 | -€1,554 | -29.6% |
| Tangible fixed assets | 22/27 | €4,638 | €3,085 | -€1,554 | -33.5% |
| Furniture and vehicles | 24 | €4,638 | €3,085 | -€1,554 | -33.5% |
| Financial fixed assets | 28 | €610 | €610 | = | 0.0% |
| Current assets | 29/58 | €66,646 | €71,621 | +€4,975 | +7.5% |
| Stocks and contracts in progress | 3 | €23,134 | €20,820 | -€2,313 | -10.0% |
| Stocks | 30/36 | €23,134 | €20,820 | -€2,313 | -10.0% |
| Amounts receivable within one year | 40/41 | €32,807 | €32,175 | -€632 | -1.9% |
| Trade receivables | 40 | €23,536 | €21,060 | -€2,475 | -10.5% |
| Other amounts receivable | 41 | €9,271 | €11,115 | +€1,844 | +19.9% |
| Cash at bank and in hand | 54/58 | €10,119 | €18,040 | +€7,920 | +78.3% |
| Deferred charges and accrued income | 490/1 | €586 | €586 | = | 0.0% |
| Total equity and liabilities | 10/49 | €71,894 | €75,316 | +€3,422 | +4.8% |
| Equity | 10/15 | €64,075 | €66,915 | +€2,840 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,623 | €46,464 | +€2,840 | +6.5% |
| Amounts payable | 17/49 | €7,820 | €8,401 | +€582 | +7.4% |
| Amounts payable within one year | 42/48 | €7,820 | €8,401 | +€582 | +7.4% |
| Trade debts | 44 | €3,094 | €3,159 | +€65 | +2.1% |
| Suppliers | 440/4 | €3,094 | €3,159 | +€65 | +2.1% |
| Taxes, remuneration and social security | 45 | €4,726 | €5,243 | +€517 | +10.9% |
| Taxes | 450/3 | €1,340 | €635 | -€705 | -52.6% |
| Remuneration and social security | 454/9 | €3,386 | €4,608 | +€1,222 | +36.1% |
| Remuneration, social security and pensions | 62 | €7,976 | €8,617 | +€641 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,749 | €2,442 | +€693 | +39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,570 | €2,313 | -€257 | -10.0% |
| Other operating charges | 640/8 | €660 | €495 | -€165 | -24.9% |
| Non-recurring operating charges | 66A | €260 | €63 | -€197 | -75.8% |
| Gross operating margin | 9900 | €17,246 | €19,184 | +€1,938 | +11.2% |
| Operating profit (loss) | 9901 | €4,031 | €5,253 | +€1,222 | +30.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €397 | €293 | -€104 | -26.3% |
| Recurring financial charges | 65 | €397 | €293 | -€104 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €3,635 | €4,961 | +€1,326 | +36.5% |
| Income taxes | 67/77 | €2,264 | €2,120 | -€143 | -6.3% |
| Profit (loss) for the period | 9904 | €1,371 | €2,840 | +€1,469 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €1,371 | €2,840 | +€1,469 | +107% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.