CONNECT C: 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.
CONNECT C
Largest movements
- Receivables within one year -€12,679
down €12,679 (-58.1%), from €21,835 to €9,156
of which Trade receivables: -€20,169
- Deferred charges and accrued income +€4,988
up €4,988 (+362.9%), from €1,374 to €6,362
- Cash +€2,116
up €2,116 (+11.1%), from €18,988 to €21,104
mainly Receivables within one year (+€12,679) and Net result for the year (+€605)
- Trade debts -€4,226
down €4,226 (-43.6%), from €9,686 to €5,460
- Tax, wage and social debts -€2,414
down €2,414 (-24.7%), from €9,770 to €7,356
- Reserves +€605
up €605 (+2.8%), from €21,990 to €22,596
- Gross operating margin -€29,023
down €29,023 (-90.1%), from €32,207 to €3,184
- Taxes -€4,784
down €4,784 (-78.8%), from €6,070 to €1,286
- Depreciation -€2,630
down €2,630 (-85.2%), from €3,089 to €458
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 | €43,446 | €37,412 | -€6,034 | -13.9% |
| Formation expenses | 20 | €218 | €0 | -€218 | -100.0% |
| Fixed assets | 21/28 | €1,030 | €790 | -€240 | -23.3% |
| Intangible fixed assets | 21 | €1,030 | €790 | -€240 | -23.3% |
| Current assets | 29/58 | €42,197 | €36,621 | -€5,576 | -13.2% |
| Amounts receivable within one year | 40/41 | €21,835 | €9,156 | -€12,679 | -58.1% |
| Trade receivables | 40 | €21,755 | €1,585 | -€20,169 | -92.7% |
| Other amounts receivable | 41 | €80 | €7,570 | +€7,490 | +9343.9% |
| Cash at bank and in hand | 54/58 | €18,988 | €21,104 | +€2,116 | +11.1% |
| Deferred charges and accrued income | 490/1 | €1,374 | €6,362 | +€4,988 | +362.9% |
| Total equity and liabilities | 10/49 | €43,446 | €37,412 | -€6,034 | -13.9% |
| Equity | 10/15 | €23,990 | €24,596 | +€605 | +2.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,990 | €22,596 | +€605 | +2.8% |
| Distributable reserves | 133 | €21,990 | €22,596 | +€605 | +2.8% |
| Amounts payable | 17/49 | €19,455 | €12,816 | -€6,639 | -34.1% |
| Amounts payable within one year | 42/48 | €19,455 | €12,816 | -€6,639 | -34.1% |
| Trade debts | 44 | €9,686 | €5,460 | -€4,226 | -43.6% |
| Suppliers | 440/4 | €9,686 | €5,460 | -€4,226 | -43.6% |
| Taxes, remuneration and social security | 45 | €9,770 | €7,356 | -€2,414 | -24.7% |
| Taxes | 450/3 | €9,770 | €7,356 | -€2,414 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,089 | €458 | -€2,630 | -85.2% |
| Other operating charges | 640/8 | €998 | €923 | -€75 | -7.5% |
| Gross operating margin | 9900 | €32,207 | €3,184 | -€29,023 | -90.1% |
| Operating profit (loss) | 9901 | €28,121 | €1,803 | -€26,318 | -93.6% |
| Financial income | 75/76B | €4 | €180 | +€176 | +5041.1% |
| Recurring financial income | 75 | €4 | €180 | +€176 | +5041.1% |
| Financial charges | 65/66B | €64 | €92 | +€28 | +43.1% |
| Recurring financial charges | 65 | €64 | €92 | +€28 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €28,060 | €1,891 | -€26,169 | -93.3% |
| Income taxes | 67/77 | €6,070 | €1,286 | -€4,784 | -78.8% |
| Profit (loss) for the period | 9904 | €21,990 | €605 | -€21,385 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,990 | €605 | -€21,385 | -97.2% |
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 11 October 2026 via checked.be.