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.
CONNECT
Largest movements
- Receivables within one year +€1,965
up €1,965 (+44.3%), from €4,436 to €6,400
- Deferred charges and accrued income -€990
down €990 (-94.3%), from €1,051 to €60
- Trade debts +€11,284
up €11,284 (+186.5%), from €6,050 to €17,334
- Profit (loss) carried forward -€10,083
down €10,083 (-1.0%), from -€1.1m to -€1.1m
- Accrued charges and deferred income -€350
no longer reported in 2025 (was €350)
- Purchases and services +€8,005
up €8,005 (+444.6%), from €1,801 to €9,805
- Gross operating margin -€7,873
down €7,873 (-407.4%), from -€1,932 to -€9,805
- Financial charges -€341
down €341 (-84.3%), from €405 to €64
- Financial income -€318
down €318 (-97.0%), from €328 to €10
- Other operating charges +€225
new in 2025: €225
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 | €12,607 | €13,458 | +€851 | +6.7% |
| Fixed assets | 21/28 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €6,107 | €6,958 | +€851 | +13.9% |
| Amounts receivable within one year | 40/41 | €4,436 | €6,400 | +€1,965 | +44.3% |
| Other amounts receivable | 41 | €4,436 | €6,400 | +€1,965 | +44.3% |
| Cash at bank and in hand | 54/58 | €621 | €498 | -€124 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,051 | €60 | -€990 | -94.3% |
| Total equity and liabilities | 10/49 | €12,607 | €13,458 | +€851 | +6.7% |
| Equity | 10/15 | -€13,792 | -€23,875 | -€10,083 | -73.1% |
| Contributions | 10/11 | €277,493 | €277,493 | = | 0.0% |
| Capital | 10 | €277,493 | €277,493 | = | 0.0% |
| Issued capital | 100 | €277,493 | €277,493 | = | 0.0% |
| Reserves | 13 | €765,593 | €765,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €765,593 | €765,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,056,877 | -€1,066,961 | -€10,083 | -1.0% |
| Amounts payable | 17/49 | €26,400 | €37,334 | +€10,934 | +41.4% |
| Amounts payable within one year | 42/48 | €26,050 | €37,334 | +€11,284 | +43.3% |
| Trade debts | 44 | €6,050 | €17,334 | +€11,284 | +186.5% |
| Suppliers | 440/4 | €6,050 | €17,334 | +€11,284 | +186.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,801 | €9,805 | +€8,005 | +444.6% |
| Other operating charges | 640/8 | - | €225 | +€225 | |
| Gross operating margin | 9900 | -€1,932 | -€9,805 | -€7,873 | -407.4% |
| Operating profit (loss) | 9901 | -€1,932 | -€10,030 | -€8,097 | -419.1% |
| Financial income | 75/76B | €328 | €10 | -€318 | -97.0% |
| Recurring financial income | 75 | €328 | €10 | -€318 | -97.0% |
| Financial charges | 65/66B | €405 | €64 | -€341 | -84.3% |
| Recurring financial charges | 65 | €405 | €64 | -€341 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,009 | -€10,083 | -€8,074 | -401.9% |
| Profit (loss) for the period | 9904 | -€2,009 | -€10,083 | -€8,074 | -401.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,009 | -€10,083 | -€8,074 | -401.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.