CONNECT CONSULTING: 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 CONSULTING
Largest movements
- Cash -€73,477
down €73,477 (-35.1%), from €209,231 to €135,754
mainly Trade debts (-€76,140) and Short-term financial debts (-€75,893)
- Tangible fixed assets -€41,224
down €41,224 (-9.2%), from €449,820 to €408,596
of which Land and buildings: -€35,589
- Current investments +€33,552
up €33,552 (+67.0%), from €50,098 to €83,649
- Trade debts -€76,140
down €76,140 (-11.0%), from €694,482 to €618,342
- Short-term financial debts -€75,893
down €75,893 (-55.0%), from €138,018 to €62,124
- Current portion of long-term debt +€73,533
up €73,533 (+271%), from €27,122 to €100,654
- Reserves +€67,184
up €67,184 (+22.7%), from €295,531 to €362,715
- Other debts -€29,222
down €29,222 (-42.6%), from €68,601 to €39,379
- Turnover -€6.1m
no longer reported in 2025 (was €6.1m)
- Purchases and services -€4.5m
no longer reported in 2025 (was €4.5m)
- Gross operating margin -€329,445
down €329,445 (-19.4%), from €1.7m to €1.4m
- Staff costs -€270,872
down €270,872 (-18.6%), from €1.5m to €1.2m
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 | €1,764,645 | €1,685,933 | -€78,712 | -4.5% |
| Fixed assets | 21/28 | €455,115 | €413,174 | -€41,941 | -9.2% |
| Intangible fixed assets | 21 | €2,706 | €1,989 | -€717 | -26.5% |
| Tangible fixed assets | 22/27 | €449,820 | €408,596 | -€41,224 | -9.2% |
| Land and buildings | 22 | €437,559 | €401,970 | -€35,589 | -8.1% |
| Plant, machinery and equipment | 23 | €1,667 | €967 | -€699 | -42.0% |
| Furniture and vehicles | 24 | €3,804 | €5,658 | +€1,854 | +48.7% |
| Leasing and similar rights | 25 | €6,790 | €0 | -€6,790 | -100% |
| Financial fixed assets | 28 | €2,589 | €2,589 | = | 0.0% |
| Current assets | 29/58 | €1,309,530 | €1,272,759 | -€36,771 | -2.8% |
| Amounts receivable within one year | 40/41 | €999,697 | €1,010,950 | +€11,254 | +1.1% |
| Trade receivables | 40 | €853,842 | €863,632 | +€9,790 | +1.1% |
| Other amounts receivable | 41 | €145,854 | €147,318 | +€1,464 | +1.0% |
| Current investments | 50/53 | €50,098 | €83,649 | +€33,552 | +67.0% |
| Cash at bank and in hand | 54/58 | €209,231 | €135,754 | -€73,477 | -35.1% |
| Deferred charges and accrued income | 490/1 | €50,505 | €42,405 | -€8,100 | -16.0% |
| Total equity and liabilities | 10/49 | €1,764,645 | €1,685,933 | -€78,712 | -4.5% |
| Equity | 10/15 | €314,131 | €381,315 | +€67,184 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,531 | €362,715 | +€67,184 | +22.7% |
| Distributable reserves | 133 | €295,531 | €362,715 | +€67,184 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,450,514 | €1,304,617 | -€145,896 | -10.1% |
| Amounts payable after more than one year | 17 | €364,393 | €336,739 | -€27,654 | -7.6% |
| Financial debts | 170/4 | €364,393 | €336,739 | -€27,654 | -7.6% |
| Amounts payable within one year | 42/48 | €1,086,120 | €967,878 | -€118,242 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €27,122 | €100,654 | +€73,533 | +271% |
| Financial debts | 43 | €138,018 | €62,124 | -€75,893 | -55.0% |
| Credit institutions | 430/8 | €138,018 | €62,124 | -€75,893 | -55.0% |
| Trade debts | 44 | €694,482 | €618,342 | -€76,140 | -11.0% |
| Suppliers | 440/4 | €694,482 | €618,342 | -€76,140 | -11.0% |
| Taxes, remuneration and social security | 45 | €157,898 | €147,379 | -€10,520 | -6.7% |
| Taxes | 450/3 | €15,584 | €5,550 | -€10,034 | -64.4% |
| Remuneration and social security | 454/9 | €142,314 | €141,828 | -€486 | -0.3% |
| Other amounts payable | 47/48 | €68,601 | €39,379 | -€29,222 | -42.6% |
| Turnover | 70 | €6,096,602 | - | -€6.1m | |
| Non-recurring operating income | 76A | €16,941 | €0 | -€16,941 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,462,537 | - | -€4.5m | |
| Remuneration, social security and pensions | 62 | €1,458,574 | €1,187,702 | -€270,872 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,036 | €39,524 | -€17,512 | -30.7% |
| Other operating charges | 640/8 | €16,186 | €12,531 | -€3,656 | -22.6% |
| Non-recurring operating charges | 66A | €54,023 | €7,825 | -€46,199 | -85.5% |
| Gross operating margin | 9900 | €1,698,524 | €1,369,079 | -€329,445 | -19.4% |
| Operating profit (loss) | 9901 | €112,704 | €121,498 | +€8,793 | +7.8% |
| Financial income | 75/76B | €1,756 | €92 | -€1,663 | -94.7% |
| Recurring financial income | 75 | €1,756 | €92 | -€1,663 | -94.7% |
| Financial charges | 65/66B | €15,388 | €12,404 | -€2,984 | -19.4% |
| Recurring financial charges | 65 | €15,388 | €12,404 | -€2,984 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €99,072 | €109,186 | +€10,114 | +10.2% |
| Income taxes | 67/77 | €39,079 | €42,002 | +€2,923 | +7.5% |
| Profit (loss) for the period | 9904 | €59,993 | €67,184 | +€7,191 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,993 | €67,184 | +€7,191 | +12.0% |
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 16 October 2026 via checked.be.