BS 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.
BS CONNECT
Largest movements
- Receivables within one year +€7,321
up €7,321 (+50.8%), from €14,425 to €21,746
of which Other amounts receivable: +€6,692
- Tangible fixed assets -€3,095
no longer reported in 2025 (was €3,095)
- Tax, wage and social debts +€7,200
up €7,200 (+161.7%), from €4,452 to €11,652
- Profit (loss) carried forward -€4,710
down €4,710 (-48.9%), from €9,624 to €4,914
- Trade debts +€1,759
up €1,759 (+122.6%), from €1,435 to €3,195
- Gross operating margin -€11,197
down €11,197, from €10,585 to -€612
- Financial income +€592
up €592 (+212.3%), from €279 to €870
- Other operating charges +€190
up €190 (+102.6%), from €186 to €376
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,519 | €21,761 | +€4,242 | +24.2% |
| Fixed assets | 21/28 | €3,095 | - | -€3,095 | |
| Tangible fixed assets | 22/27 | €3,095 | - | -€3,095 | |
| Furniture and vehicles | 24 | €3,095 | - | -€3,095 | |
| Current assets | 29/58 | €14,425 | €21,761 | +€7,336 | +50.9% |
| Amounts receivable within one year | 40/41 | €14,425 | €21,746 | +€7,321 | +50.8% |
| Trade receivables | 40 | €5,228 | €5,858 | +€630 | +12.0% |
| Other amounts receivable | 41 | €9,197 | €15,889 | +€6,692 | +72.8% |
| Cash at bank and in hand | 54/58 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €17,519 | €21,761 | +€4,242 | +24.2% |
| Equity | 10/15 | €11,624 | €6,914 | -€4,710 | -40.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,624 | €4,914 | -€4,710 | -48.9% |
| Amounts payable | 17/49 | €5,895 | €14,846 | +€8,951 | +151.8% |
| Amounts payable within one year | 42/48 | €5,895 | €14,846 | +€8,951 | +151.8% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €1,435 | €3,195 | +€1,759 | +122.6% |
| Suppliers | 440/4 | €1,435 | €3,195 | +€1,759 | +122.6% |
| Taxes, remuneration and social security | 45 | €4,452 | €11,652 | +€7,200 | +161.7% |
| Taxes | 450/3 | €4,452 | €11,652 | +€7,200 | +161.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,095 | €3,095 | = | 0.0% |
| Other operating charges | 640/8 | €186 | €376 | +€190 | +102.6% |
| Non-recurring operating charges | 66A | €407 | €1,377 | +€970 | +238.1% |
| Gross operating margin | 9900 | €10,585 | -€612 | -€11,197 | |
| Operating profit (loss) | 9901 | €6,897 | -€5,460 | -€12,357 | |
| Financial income | 75/76B | €279 | €870 | +€592 | +212.3% |
| Recurring financial income | 75 | €279 | €870 | +€592 | +212.3% |
| Financial charges | 65/66B | €157 | €120 | -€37 | -23.4% |
| Recurring financial charges | 65 | €157 | €120 | -€37 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €7,019 | -€4,710 | -€11,729 | |
| Profit (loss) for the period | 9904 | €7,019 | -€4,710 | -€11,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,019 | -€4,710 | -€11,729 |
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 3 October 2026 via checked.be.