CONNECT & CUT: 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 & CUT
Largest movements
- Tangible fixed assets -€2,224
down €2,224 (-29.6%), from €7,513 to €5,289
- Current assets -€84
down €84 (-10.0%), from €832 to €749
of which Cash: -€363
- Profit (loss) carried forward -€3,518
down €3,518 (-36.4%), from -€9,655 to -€13,173
- Debts within one year +€1,210
up €1,210 (+12.2%), from €9,940 to €11,150
- Gross operating margin -€3,936
down €3,936 (-84.2%), from €4,676 to €740
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,345 | €6,037 | -€2,308 | -27.7% |
| Fixed assets | 21/28 | €7,513 | €5,289 | -€2,224 | -29.6% |
| Tangible fixed assets | 22/27 | €7,513 | €5,289 | -€2,224 | -29.6% |
| Current assets | 29/58 | €832 | €749 | -€84 | -10.0% |
| Amounts receivable within one year | 40/41 | €165 | €491 | +€326 | +197.1% |
| Cash at bank and in hand | 54/58 | €471 | €108 | -€363 | -77.1% |
| Total equity and liabilities | 10/49 | €8,345 | €6,037 | -€2,308 | -27.7% |
| Equity | 10/15 | -€1,595 | -€5,113 | -€3,518 | -220.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,655 | -€13,173 | -€3,518 | -36.4% |
| Amounts payable | 17/49 | €9,940 | €11,150 | +€1,210 | +12.2% |
| Amounts payable within one year | 42/48 | €9,940 | €11,150 | +€1,210 | +12.2% |
| Trade debts | 44 | €300 | €1,210 | +€910 | +303.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,224 | €2,224 | +€0 | 0.0% |
| Gross operating margin | 9900 | €4,676 | €740 | -€3,936 | -84.2% |
| Operating profit (loss) | 9901 | €2,077 | -€2,325 | -€4,402 | |
| Recurring financial charges | 65 | €577 | €1,193 | +€616 | +106.7% |
| Profit (loss) for the period before taxes | 9903 | €1,500 | -€3,518 | -€5,018 | |
| Profit (loss) for the period | 9904 | €1,500 | -€3,518 | -€5,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,500 | -€3,518 | -€5,018 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.