Conectar: 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.
Conectar
Largest movements
- Cash +€17,972
up €17,972 (+142.9%), from €12,576 to €30,548
mainly Depreciation (+€7,613) and Tax, wage and social debts (+€4,802)
- Tangible fixed assets -€6,454
down €6,454 (-32.8%), from €19,664 to €13,210
- Receivables within one year +€3,070
up €3,070 (+234.5%), from €1,309 to €4,379
of which Trade receivables: +€4,027
- Tax, wage and social debts +€4,802
up €4,802 (+281.3%), from €1,707 to €6,508
- Accrued charges and deferred income +€3,920
new in 2025: €3,920
- Reserves +€3,226
up €3,226 (+64.8%), from €4,978 to €8,204
- Trade debts +€2,333
up €2,333 (+191.4%), from €1,219 to €3,552
- Other debts +€749
up €749 (+74.9%), from €1,000 to €1,749
- Depreciation +€4,491
up €4,491 (+143.9%), from €3,121 to €7,613
- Gross operating margin +€3,110
up €3,110 (+28.2%), from €11,043 to €14,154
- Financial charges +€475
up €475 (+143.0%), from €332 to €807
- Other operating charges +€240
new in 2025: €240
- Taxes -€180
down €180 (-11.1%), from €1,616 to €1,437
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 | €34,415 | €49,444 | +€15,029 | +43.7% |
| Fixed assets | 21/28 | €19,669 | €13,214 | -€6,455 | -32.8% |
| Intangible fixed assets | 21 | €5 | €4 | -€1 | -20.7% |
| Tangible fixed assets | 22/27 | €19,664 | €13,210 | -€6,454 | -32.8% |
| Furniture and vehicles | 24 | €19,664 | €13,210 | -€6,454 | -32.8% |
| Current assets | 29/58 | €14,746 | €36,230 | +€21,484 | +145.7% |
| Amounts receivable within one year | 40/41 | €1,309 | €4,379 | +€3,070 | +234.5% |
| Trade receivables | 40 | €39 | €4,066 | +€4,027 | +10391.9% |
| Other amounts receivable | 41 | €1,271 | €313 | -€957 | -75.3% |
| Cash at bank and in hand | 54/58 | €12,576 | €30,548 | +€17,972 | +142.9% |
| Deferred charges and accrued income | 490/1 | €861 | €1,303 | +€442 | +51.3% |
| Total equity and liabilities | 10/49 | €34,415 | €49,444 | +€15,029 | +43.7% |
| Equity | 10/15 | €7,478 | €10,704 | +€3,226 | +43.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,978 | €8,204 | +€3,226 | +64.8% |
| Distributable reserves | 133 | €4,978 | €8,204 | +€3,226 | +64.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,936 | €38,739 | +€11,803 | +43.8% |
| Amounts payable after more than one year | 17 | €18,408 | €18,408 | = | 0.0% |
| Financial debts | 170/4 | €18,408 | €18,408 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,528 | €16,411 | +€7,883 | +92.4% |
| Current portion of amounts payable after more than one year | 42 | €4,602 | €4,602 | = | 0.0% |
| Trade debts | 44 | €1,219 | €3,552 | +€2,333 | +191.4% |
| Suppliers | 440/4 | €1,219 | €3,552 | +€2,333 | +191.4% |
| Taxes, remuneration and social security | 45 | €1,707 | €6,508 | +€4,802 | +281.3% |
| Taxes | 450/3 | €1,707 | €6,508 | +€4,802 | +281.3% |
| Other amounts payable | 47/48 | €1,000 | €1,749 | +€749 | +74.9% |
| Accrued charges and deferred income | 492/3 | - | €3,920 | +€3,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,121 | €7,613 | +€4,491 | +143.9% |
| Other operating charges | 640/8 | - | €240 | +€240 | |
| Gross operating margin | 9900 | €11,043 | €14,154 | +€3,110 | +28.2% |
| Operating profit (loss) | 9901 | €7,922 | €6,300 | -€1,622 | -20.5% |
| Financial income | 75/76B | €5 | €3 | -€2 | -48.6% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -48.6% |
| Financial charges | 65/66B | €332 | €807 | +€475 | +143.0% |
| Recurring financial charges | 65 | €332 | €807 | +€475 | +143.0% |
| Profit (loss) for the period before taxes | 9903 | €7,595 | €5,496 | -€2,099 | -27.6% |
| Income taxes | 67/77 | €1,616 | €1,437 | -€180 | -11.1% |
| Profit (loss) for the period | 9904 | €5,978 | €4,059 | -€1,919 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,978 | €4,059 | -€1,919 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.