C-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.
C-CONNECT
Largest movements
- Receivables after one year +€121,800
new in 2024: €121,800
- Receivables within one year -€93,910
down €93,910 (-100%), from €93,910 to €0
of which Trade receivables: -€93,910
- Cash -€77,248
down €77,248 (-54.0%), from €143,088 to €65,840
mainly Receivables after one year (-€121,800) and Other debts (-€59,314)
- Stocks and contracts -€23,291
down €23,291 (-5.6%), from €413,296 to €390,005
- Tangible fixed assets -€18,512
down €18,512 (-4.4%), from €421,000 to €402,488
of which Land and buildings: -€17,258
- Other debts -€59,314
down €59,314 (-74.7%), from €79,390 to €20,076
- Trade debts -€44,733
down €44,733 (-99.5%), from €44,971 to €238
- Reserves +€35,318
up €35,318 (+17.8%), from €198,819 to €234,136
- Debts after one year -€28,677
down €28,677 (-7.3%), from €395,231 to €366,554
of which Financial debts: -€32,500
- Gross operating margin -€78,865
down €78,865 (-45.7%), from €172,607 to €93,742
- Taxes -€18,553
down €18,553 (-52.1%), from €35,585 to €17,032
- Depreciation +€2,283
up €2,283 (+14.1%), from €16,230 to €18,512
- Financial income +€1,928
up €1,928 (+2,681%), from €72 to €2,000
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 | €1,073,824 | €982,663 | -€91,162 | -8.5% |
| Fixed assets | 21/28 | €423,530 | €405,018 | -€18,512 | -4.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €421,000 | €402,488 | -€18,512 | -4.4% |
| Land and buildings | 22 | €416,877 | €399,620 | -€17,258 | -4.1% |
| Furniture and vehicles | 24 | €4,123 | €2,868 | -€1,255 | -30.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,530 | €2,530 | = | 0.0% |
| Current assets | 29/58 | €650,294 | €577,645 | -€72,650 | -11.2% |
| Amounts receivable after more than one year | 29 | - | €121,800 | +€121,800 | |
| Other amounts receivable | 291 | - | €121,800 | +€121,800 | |
| Stocks and contracts in progress | 3 | €413,296 | €390,005 | -€23,291 | -5.6% |
| Stocks | 30/36 | €413,296 | €390,005 | -€23,291 | -5.6% |
| Amounts receivable within one year | 40/41 | €93,910 | €0 | -€93,910 | -100% |
| Trade receivables | 40 | €93,910 | €0 | -€93,910 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €143,088 | €65,840 | -€77,248 | -54.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,073,824 | €982,663 | -€91,162 | -8.5% |
| Equity | 10/15 | €489,977 | €525,295 | +€35,318 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,819 | €234,136 | +€35,318 | +17.8% |
| Distributable reserves | 133 | €198,819 | €234,136 | +€35,318 | +17.8% |
| Profit (loss) carried forward | 14 | €272,559 | €272,559 | = | 0.0% |
| Amounts payable | 17/49 | €583,847 | €457,368 | -€126,479 | -21.7% |
| Amounts payable after more than one year | 17 | €395,231 | €366,554 | -€28,677 | -7.3% |
| Financial debts | 170/4 | €265,417 | €232,917 | -€32,500 | -12.2% |
| Other amounts payable | 178/9 | €129,815 | €133,637 | +€3,823 | +2.9% |
| Amounts payable within one year | 42/48 | €186,237 | €86,135 | -€100,102 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €32,500 | = | 0.0% |
| Trade debts | 44 | €44,971 | €238 | -€44,733 | -99.5% |
| Suppliers | 440/4 | €44,971 | €238 | -€44,733 | -99.5% |
| Taxes, remuneration and social security | 45 | €29,376 | €33,321 | +€3,945 | +13.4% |
| Taxes | 450/3 | €29,376 | €33,321 | +€3,945 | +13.4% |
| Other amounts payable | 47/48 | €79,390 | €20,076 | -€59,314 | -74.7% |
| Accrued charges and deferred income | 492/3 | €2,379 | €4,679 | +€2,300 | +96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,230 | €18,512 | +€2,283 | +14.1% |
| Other operating charges | 640/8 | €5,191 | €3,567 | -€1,625 | -31.3% |
| Gross operating margin | 9900 | €172,607 | €93,742 | -€78,865 | -45.7% |
| Operating profit (loss) | 9901 | €151,185 | €71,663 | -€79,523 | -52.6% |
| Financial income | 75/76B | €72 | €2,000 | +€1,928 | +2,681% |
| Recurring financial income | 75 | €72 | €2,000 | +€1,928 | +2,681% |
| Financial charges | 65/66B | €21,153 | €21,313 | +€160 | +0.8% |
| Recurring financial charges | 65 | €21,153 | €21,313 | +€160 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €130,104 | €52,349 | -€77,755 | -59.8% |
| Income taxes | 67/77 | €35,585 | €17,032 | -€18,553 | -52.1% |
| Profit (loss) for the period | 9904 | €94,519 | €35,318 | -€59,202 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,519 | €35,318 | -€59,202 | -62.6% |
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 14 October 2026 via checked.be.