Co-nect: 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.
Co-nect
Largest movements
- Receivables within one year -€58,432
down €58,432 (-50.9%), from €114,908 to €56,477
of which Trade receivables: -€57,386
- Trade debts -€46,142
down €46,142 (-55.2%), from €83,524 to €37,382
- Other debts -€17,203
down €17,203 (-58.3%), from €29,500 to €12,298
- Reserves +€4,754
up €4,754 (+1313.3%), from €362 to €5,116
- Staff costs +€27,956
new in 2025: €27,956
- Gross operating margin +€3,714
up €3,714 (+12.1%), from €30,818 to €34,532
- Taxes +€1,142
up €1,142 (+1471.0%), from €78 to €1,220
- Other operating charges -€431
down €431 (-52.7%), from €818 to €387
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 | €115,463 | €58,015 | -€57,448 | -49.8% |
| Current assets | 29/58 | €115,463 | €58,015 | -€57,448 | -49.8% |
| Amounts receivable within one year | 40/41 | €114,908 | €56,477 | -€58,432 | -50.9% |
| Trade receivables | 40 | €106,568 | €49,182 | -€57,386 | -53.8% |
| Other amounts receivable | 41 | €8,340 | €7,295 | -€1,046 | -12.5% |
| Cash at bank and in hand | 54/58 | €555 | €1,539 | +€984 | +177.2% |
| Total equity and liabilities | 10/49 | €115,463 | €58,015 | -€57,448 | -49.8% |
| Equity | 10/15 | €2,362 | €7,116 | +€4,754 | +201.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €362 | €5,116 | +€4,754 | +1313.3% |
| Distributable reserves | 133 | €362 | €5,116 | +€4,754 | +1313.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,101 | €50,899 | -€62,202 | -55.0% |
| Amounts payable within one year | 42/48 | €113,101 | €50,899 | -€62,202 | -55.0% |
| Trade debts | 44 | €83,524 | €37,382 | -€46,142 | -55.2% |
| Suppliers | 440/4 | €83,524 | €37,382 | -€46,142 | -55.2% |
| Taxes, remuneration and social security | 45 | €78 | €1,220 | +€1,142 | +1471.0% |
| Taxes | 450/3 | €78 | €1,220 | +€1,142 | +1471.0% |
| Other amounts payable | 47/48 | €29,500 | €12,298 | -€17,203 | -58.3% |
| Remuneration, social security and pensions | 62 | - | €27,956 | +€27,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €818 | €387 | -€431 | -52.7% |
| Gross operating margin | 9900 | €30,818 | €34,532 | +€3,714 | +12.1% |
| Operating profit (loss) | 9901 | €29,999 | €6,188 | -€23,811 | -79.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €290 | €214 | -€76 | -26.2% |
| Recurring financial charges | 65 | €290 | €214 | -€76 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €29,709 | €5,974 | -€23,736 | -79.9% |
| Income taxes | 67/77 | €78 | €1,220 | +€1,142 | +1471.0% |
| Profit (loss) for the period | 9904 | €29,632 | €4,754 | -€24,878 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,632 | €4,754 | -€24,878 | -84.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.