Connect-Immo: 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-Immo
Largest movements
- Receivables within one year +€98,175
up €98,175 (+118%), from €83,472 to €181,647
of which Trade receivables: +€96,506
- Cash +€40,050
up €40,050 (+12.3%), from €326,772 to €366,822
mainly Net result for the year (+€114,752) and Trade debts (+€41,619)
- Reserves +€64,752
up €64,752 (+48.8%), from €132,807 to €197,559
- Trade debts +€41,619
up €41,619 (+59.0%), from €70,551 to €112,170
- Tax, wage and social debts +€26,626
up €26,626 (+62.4%), from €42,700 to €69,326
of which Taxes: +€30,720
- Gross operating margin -€41,659
down €41,659 (-13.8%), from €301,501 to €259,842
- Staff costs -€5,327
down €5,327 (-4.7%), from €112,156 to €106,829
- Taxes +€4,730
up €4,730 (+20.1%), from €23,567 to €28,297
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 | €446,116 | €581,835 | +€135,719 | +30.4% |
| Fixed assets | 21/28 | €31,107 | €29,487 | -€1,620 | -5.2% |
| Tangible fixed assets | 22/27 | €30,882 | €29,262 | -€1,620 | -5.2% |
| Land and buildings | 22 | €232 | - | -€232 | |
| Furniture and vehicles | 24 | €8,644 | €7,464 | -€1,180 | -13.7% |
| Other tangible fixed assets | 26 | €22,006 | €21,798 | -€208 | -0.9% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €415,009 | €552,348 | +€137,339 | +33.1% |
| Amounts receivable within one year | 40/41 | €83,472 | €181,647 | +€98,175 | +118% |
| Trade receivables | 40 | €71,506 | €168,012 | +€96,506 | +135% |
| Other amounts receivable | 41 | €11,966 | €13,635 | +€1,669 | +13.9% |
| Cash at bank and in hand | 54/58 | €326,772 | €366,822 | +€40,050 | +12.3% |
| Deferred charges and accrued income | 490/1 | €4,765 | €3,879 | -€886 | -18.6% |
| Total equity and liabilities | 10/49 | €446,116 | €581,835 | +€135,719 | +30.4% |
| Equity | 10/15 | €151,407 | €216,159 | +€64,752 | +42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,807 | €197,559 | +€64,752 | +48.8% |
| Distributable reserves | 133 | €132,807 | €197,559 | +€64,752 | +48.8% |
| Amounts payable | 17/49 | €294,709 | €365,676 | +€70,967 | +24.1% |
| Amounts payable within one year | 42/48 | €294,709 | €365,676 | +€70,967 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €2,477 | - | -€2,477 | |
| Trade debts | 44 | €70,551 | €112,170 | +€41,619 | +59.0% |
| Suppliers | 440/4 | €70,551 | €112,170 | +€41,619 | +59.0% |
| Taxes, remuneration and social security | 45 | €42,700 | €69,326 | +€26,626 | +62.4% |
| Taxes | 450/3 | €29,696 | €60,416 | +€30,720 | +103% |
| Remuneration and social security | 454/9 | €13,004 | €8,910 | -€4,094 | -31.5% |
| Other amounts payable | 47/48 | €178,981 | €184,180 | +€5,199 | +2.9% |
| Remuneration, social security and pensions | 62 | €112,156 | €106,829 | -€5,327 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,962 | €9,620 | +€1,658 | +20.8% |
| Other operating charges | 640/8 | €607 | €882 | +€275 | +45.3% |
| Gross operating margin | 9900 | €301,501 | €259,842 | -€41,659 | -13.8% |
| Operating profit (loss) | 9901 | €180,776 | €142,511 | -€38,265 | -21.2% |
| Financial income | 75/76B | €459 | €698 | +€239 | +52.1% |
| Recurring financial income | 75 | €459 | €698 | +€239 | +52.1% |
| Financial charges | 65/66B | €276 | €160 | -€116 | -42.0% |
| Recurring financial charges | 65 | €276 | €160 | -€116 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €180,959 | €143,049 | -€37,910 | -20.9% |
| Income taxes | 67/77 | €23,567 | €28,297 | +€4,730 | +20.1% |
| Profit (loss) for the period | 9904 | €157,392 | €114,752 | -€42,640 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €157,392 | €114,752 | -€42,640 | -27.1% |
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.