CONNECT CONSULTANCY SERVICES: 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 CONSULTANCY SERVICES
Largest movements
- Tangible fixed assets -€29,141
down €29,141 (-3.5%), from €823,915 to €794,774
of which Furniture and vehicles: -€14,902
- Receivables within one year +€15,196
up €15,196 (+73.3%), from €20,745 to €35,941
of which Trade receivables: +€14,599
- Deferred charges and accrued income -€12,528
down €12,528 (-11.5%), from €109,021 to €96,493
- Debts after one year -€50,146
down €50,146 (-7.7%), from €649,078 to €598,932
- Reserves +€19,937
up €19,937 (+74.2%), from €26,860 to €46,797
of which Distributable reserves: +€19,937
- Gross operating margin +€42,321
up €42,321 (+97.0%), from €43,609 to €85,929
- Taxes +€9,010
up €9,010, from -€68 to €8,942
- Financial charges +€7,348
up €7,348 (+55.7%), from €13,191 to €20,539
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 | €964,957 | €930,362 | -€34,596 | -3.6% |
| Fixed assets | 21/28 | €823,940 | €794,774 | -€29,166 | -3.5% |
| Tangible fixed assets | 22/27 | €823,915 | €794,774 | -€29,141 | -3.5% |
| Land and buildings | 22 | €755,278 | €743,625 | -€11,653 | -1.5% |
| Plant, machinery and equipment | 23 | €11,257 | €9,004 | -€2,253 | -20.0% |
| Furniture and vehicles | 24 | €46,473 | €31,571 | -€14,902 | -32.1% |
| Other tangible fixed assets | 26 | €10,907 | €10,573 | -€334 | -3.1% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €141,017 | €135,588 | -€5,429 | -3.9% |
| Amounts receivable within one year | 40/41 | €20,745 | €35,941 | +€15,196 | +73.3% |
| Trade receivables | 40 | €15,008 | €29,606 | +€14,599 | +97.3% |
| Other amounts receivable | 41 | €5,737 | €6,335 | +€598 | +10.4% |
| Cash at bank and in hand | 54/58 | €11,252 | €3,154 | -€8,098 | -72.0% |
| Deferred charges and accrued income | 490/1 | €109,021 | €96,493 | -€12,528 | -11.5% |
| Total equity and liabilities | 10/49 | €964,957 | €930,362 | -€34,596 | -3.6% |
| Equity | 10/15 | €114,517 | €134,454 | +€19,937 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €46,797 | +€19,937 | +74.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €44,937 | +€19,937 | +79.7% |
| Profit (loss) carried forward | 14 | €81,457 | €81,457 | = | 0.0% |
| Amounts payable | 17/49 | €850,440 | €795,908 | -€54,532 | -6.4% |
| Amounts payable after more than one year | 17 | €649,078 | €598,932 | -€50,146 | -7.7% |
| Financial debts | 170/4 | €649,078 | €598,932 | -€50,146 | -7.7% |
| Amounts payable within one year | 42/48 | €201,362 | €196,976 | -€4,386 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €50,146 | €50,146 | = | 0.0% |
| Financial debts | 43 | - | €2,219 | +€2,219 | |
| Credit institutions | 430/8 | - | €2,219 | +€2,219 | |
| Trade debts | 44 | €10,552 | €1,351 | -€9,201 | -87.2% |
| Suppliers | 440/4 | €10,552 | €1,351 | -€9,201 | -87.2% |
| Taxes, remuneration and social security | 45 | €7,232 | €10,745 | +€3,512 | +48.6% |
| Taxes | 450/3 | €2,579 | €7,895 | +€5,316 | +206.1% |
| Remuneration and social security | 454/9 | €4,654 | €2,850 | -€1,804 | -38.8% |
| Other amounts payable | 47/48 | €133,432 | €132,515 | -€917 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,261 | €33,156 | -€105 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €451 | +€451 | |
| Other operating charges | 640/8 | €2,058 | €2,905 | +€847 | +41.2% |
| Non-recurring operating charges | 66A | €571 | €0 | -€571 | -100.0% |
| Gross operating margin | 9900 | €43,609 | €85,929 | +€42,321 | +97.0% |
| Operating profit (loss) | 9901 | €7,719 | €49,417 | +€41,699 | +540.2% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €13,191 | €20,539 | +€7,348 | +55.7% |
| Recurring financial charges | 65 | €13,191 | €20,539 | +€7,348 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,472 | €28,879 | +€34,351 | |
| Income taxes | 67/77 | -€68 | €8,942 | +€9,010 | |
| Profit (loss) for the period | 9904 | -€5,404 | €19,937 | +€25,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,404 | €19,937 | +€25,341 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.