CONNECT HR: 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 HR
Largest movements
- Receivables within one year +€14,200
up €14,200 (+24.8%), from €57,146 to €71,346
of which Other amounts receivable: +€19,319
- Cash -€4,004
down €4,004 (-86.7%), from €4,621 to €616
mainly Receivables within one year (-€14,200) and Investment in fixed assets (net) (-€8,382)
- Tangible fixed assets -€2,370
down €2,370 (-6.6%), from €35,655 to €33,286
of which Leasing and similar rights: -€7,743
- Tax, wage and social debts +€13,166
up €13,166 (+53.7%), from €24,521 to €37,687
- Reserves +€10,010
up €10,010 (+27.9%), from €35,910 to €45,920
- Trade debts -€8,358
down €8,358 (-55.6%), from €15,019 to €6,661
- Debts after one year -€7,156
down €7,156 (-37.6%), from €19,026 to €11,870
- Gross operating margin -€25,446
down €25,446 (-47.7%), from €53,391 to €27,945
- Taxes -€7,779
down €7,779 (-64.5%), from €12,061 to €4,281
- Other operating charges +€2,700
up €2,700 (+215%), from €1,253 to €3,953
- Depreciation +€2,547
up €2,547 (+31.0%), from €8,206 to €10,752
- Financial income +€2,064
up €2,064 (+206%), from €1,001 to €3,065
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,422 | €112,295 | +€7,872 | +7.5% |
| Fixed assets | 21/28 | €35,655 | €33,286 | -€2,370 | -6.6% |
| Tangible fixed assets | 22/27 | €35,655 | €33,286 | -€2,370 | -6.6% |
| Land and buildings | 22 | €3,311 | €8,651 | +€5,341 | +161% |
| Plant, machinery and equipment | 23 | - | €1,473 | +€1,473 | |
| Furniture and vehicles | 24 | €9,370 | €7,930 | -€1,440 | -15.4% |
| Leasing and similar rights | 25 | €22,975 | €15,232 | -€7,743 | -33.7% |
| Current assets | 29/58 | €68,767 | €79,009 | +€10,242 | +14.9% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,146 | €71,346 | +€14,200 | +24.8% |
| Trade receivables | 40 | €16,130 | €11,011 | -€5,119 | -31.7% |
| Other amounts receivable | 41 | €41,016 | €60,335 | +€19,319 | +47.1% |
| Cash at bank and in hand | 54/58 | €4,621 | €616 | -€4,004 | -86.7% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €104,422 | €112,295 | +€7,872 | +7.5% |
| Equity | 10/15 | €38,910 | €48,920 | +€10,010 | +25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,910 | €45,920 | +€10,010 | +27.9% |
| Distributable reserves | 133 | €35,910 | €45,920 | +€10,010 | +27.9% |
| Amounts payable | 17/49 | €65,512 | €63,375 | -€2,138 | -3.3% |
| Amounts payable after more than one year | 17 | €19,026 | €11,870 | -€7,156 | -37.6% |
| Financial debts | 170/4 | €19,026 | €11,870 | -€7,156 | -37.6% |
| Amounts payable within one year | 42/48 | €46,486 | €51,505 | +€5,019 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €6,945 | €7,156 | +€211 | +3.0% |
| Trade debts | 44 | €15,019 | €6,661 | -€8,358 | -55.6% |
| Suppliers | 440/4 | €15,019 | €6,661 | -€8,358 | -55.6% |
| Taxes, remuneration and social security | 45 | €24,521 | €37,687 | +€13,166 | +53.7% |
| Taxes | 450/3 | €24,521 | €37,687 | +€13,166 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,206 | €10,752 | +€2,547 | +31.0% |
| Other operating charges | 640/8 | €1,253 | €3,953 | +€2,700 | +215% |
| Gross operating margin | 9900 | €53,391 | €27,945 | -€25,446 | -47.7% |
| Operating profit (loss) | 9901 | €43,932 | €13,240 | -€30,692 | -69.9% |
| Financial income | 75/76B | €1,001 | €3,065 | +€2,064 | +206% |
| Recurring financial income | 75 | €1,001 | €3,065 | +€2,064 | +206% |
| Financial charges | 65/66B | €1,678 | €2,014 | +€336 | +20.0% |
| Recurring financial charges | 65 | €1,678 | €2,014 | +€336 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €43,255 | €14,291 | -€28,964 | -67.0% |
| Income taxes | 67/77 | €12,061 | €4,281 | -€7,779 | -64.5% |
| Profit (loss) for the period | 9904 | €31,194 | €10,010 | -€21,184 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,194 | €10,010 | -€21,184 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.