CO.NECT 46: 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.
CO.NECT 46
Largest movements
- Cash -€15,656
down €15,656 (-92.7%), from €16,892 to €1,236
mainly Debts after one year (-€67,500) and Investment in fixed assets (net) (-€8,500)
- Tangible fixed assets +€8,318
new in 2025: €8,318
- Receivables within one year +€4,462
up €4,462 (+86.4%), from €5,165 to €9,627
of which Trade receivables: +€5,644
- Debts after one year -€67,500
down €67,500 (-67.5%), from €100,000 to €32,500
- Profit (loss) carried forward +€53,477
up €53,477 (+47.0%), from -€113,829 to -€60,352
- Other debts +€6,557
up €6,557 (+44.9%), from €14,601 to €21,158
- Tax, wage and social debts +€4,058
up €4,058 (+726%), from €559 to €4,616
- Trade debts +€533
up €533 (+25.1%), from €2,126 to €2,659
- Gross operating margin +€64,820
up €64,820, from -€9,236 to €55,583
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 | €22,056 | €19,181 | -€2,875 | -13.0% |
| Fixed assets | 21/28 | - | €8,318 | +€8,318 | |
| Tangible fixed assets | 22/27 | - | €8,318 | +€8,318 | |
| Furniture and vehicles | 24 | - | €8,318 | +€8,318 | |
| Current assets | 29/58 | €22,056 | €10,863 | -€11,194 | -50.8% |
| Amounts receivable within one year | 40/41 | €5,165 | €9,627 | +€4,462 | +86.4% |
| Trade receivables | 40 | €3,983 | €9,627 | +€5,644 | +142% |
| Other amounts receivable | 41 | €1,182 | €0 | -€1,182 | -100% |
| Cash at bank and in hand | 54/58 | €16,892 | €1,236 | -€15,656 | -92.7% |
| Total equity and liabilities | 10/49 | €22,056 | €19,181 | -€2,875 | -13.0% |
| Equity | 10/15 | -€95,229 | -€41,752 | +€53,477 | +56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,829 | -€60,352 | +€53,477 | +47.0% |
| Amounts payable | 17/49 | €117,285 | €60,933 | -€56,352 | -48.0% |
| Amounts payable after more than one year | 17 | €100,000 | €32,500 | -€67,500 | -67.5% |
| Financial debts | 170/4 | €100,000 | €32,500 | -€67,500 | -67.5% |
| Amounts payable within one year | 42/48 | €17,285 | €28,433 | +€11,148 | +64.5% |
| Trade debts | 44 | €2,126 | €2,659 | +€533 | +25.1% |
| Suppliers | 440/4 | €2,126 | €2,659 | +€533 | +25.1% |
| Taxes, remuneration and social security | 45 | €559 | €4,616 | +€4,058 | +726% |
| Taxes | 450/3 | €559 | €4,616 | +€4,058 | +726% |
| Other amounts payable | 47/48 | €14,601 | €21,158 | +€6,557 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €182 | +€182 | |
| Other operating charges | 640/8 | €1,712 | €1,206 | -€506 | -29.6% |
| Gross operating margin | 9900 | -€9,236 | €55,583 | +€64,820 | |
| Operating profit (loss) | 9901 | -€10,948 | €54,196 | +€65,144 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €153 | €161 | +€7 | +4.9% |
| Recurring financial charges | 65 | €153 | €161 | +€7 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,102 | €54,035 | +€65,137 | |
| Income taxes | 67/77 | €529 | €558 | +€29 | +5.4% |
| Profit (loss) for the period | 9904 | -€11,631 | €53,477 | +€65,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,631 | €53,477 | +€65,108 |
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 15 October 2026 via checked.be.