Connect & Improve: 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 & Improve
Largest movements
- Cash -€31,429
down €31,429 (-99.0%), from €31,730 to €302
mainly Net result for the year (-€35,488) and Trade debts (-€4,378)
- Receivables within one year -€7,416
down €7,416 (-64.9%), from €11,424 to €4,007
of which Other amounts receivable: -€5,039
- Tangible fixed assets -€3,091
down €3,091 (-39.2%), from €7,891 to €4,800
- Profit (loss) carried forward -€35,488
down €35,488 (-238.6%), from -€14,874 to -€50,362
- Trade debts -€4,378
down €4,378 (-74.5%), from €5,879 to €1,501
- Debts after one year -€1,498
down €1,498 (-59.2%), from €2,533 to €1,034
- Tax, wage and social debts -€652
down €652 (-51.2%), from €1,274 to €621
- Gross operating margin -€21,792
down €21,792 (-388.6%), from -€5,608 to -€27,400
- Staff costs -€1,279
down €1,279 (-52.1%), from €2,455 to €1,176
- Depreciation -€516
down €516 (-14.3%), from €3,607 to €3,091
- Financial charges +€353
up €353 (+13.7%), from €2,567 to €2,919
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 | €51,045 | €9,109 | -€41,936 | -82.2% |
| Fixed assets | 21/28 | €7,891 | €4,800 | -€3,091 | -39.2% |
| Tangible fixed assets | 22/27 | €7,891 | €4,800 | -€3,091 | -39.2% |
| Furniture and vehicles | 24 | €7,891 | €4,800 | -€3,091 | -39.2% |
| Current assets | 29/58 | €43,154 | €4,309 | -€38,845 | -90.0% |
| Amounts receivable within one year | 40/41 | €11,424 | €4,007 | -€7,416 | -64.9% |
| Trade receivables | 40 | €4,545 | €2,168 | -€2,377 | -52.3% |
| Other amounts receivable | 41 | €6,878 | €1,839 | -€5,039 | -73.3% |
| Cash at bank and in hand | 54/58 | €31,730 | €302 | -€31,429 | -99.0% |
| Total equity and liabilities | 10/49 | €51,045 | €9,109 | -€41,936 | -82.2% |
| Equity | 10/15 | €39,923 | €4,435 | -€35,488 | -88.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,797 | €49,797 | = | 0.0% |
| Distributable reserves | 133 | €49,797 | €49,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,874 | -€50,362 | -€35,488 | -238.6% |
| Amounts payable | 17/49 | €11,122 | €4,674 | -€6,448 | -58.0% |
| Amounts payable after more than one year | 17 | €2,533 | €1,034 | -€1,498 | -59.2% |
| Financial debts | 170/4 | €2,533 | €1,034 | -€1,498 | -59.2% |
| Amounts payable within one year | 42/48 | €8,590 | €3,640 | -€4,950 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €1,437 | €1,498 | +€61 | +4.3% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €5,879 | €1,501 | -€4,378 | -74.5% |
| Suppliers | 440/4 | €5,879 | €1,501 | -€4,378 | -74.5% |
| Taxes, remuneration and social security | 45 | €1,274 | €621 | -€652 | -51.2% |
| Taxes | 450/3 | €1,274 | €621 | -€652 | -51.2% |
| Remuneration, social security and pensions | 62 | €2,455 | €1,176 | -€1,279 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,607 | €3,091 | -€516 | -14.3% |
| Other operating charges | 640/8 | €600 | €816 | +€215 | +35.9% |
| Gross operating margin | 9900 | -€5,608 | -€27,400 | -€21,792 | -388.6% |
| Operating profit (loss) | 9901 | -€12,270 | -€32,482 | -€20,212 | -164.7% |
| Financial income | 75/76B | €119 | €0 | -€119 | -100.0% |
| Recurring financial income | 75 | €119 | €0 | -€119 | -100.0% |
| Financial charges | 65/66B | €2,567 | €2,919 | +€353 | +13.7% |
| Recurring financial charges | 65 | €2,567 | €2,919 | +€353 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,718 | -€35,402 | -€20,683 | -140.5% |
| Income taxes | 67/77 | €156 | €86 | -€70 | -44.9% |
| Profit (loss) for the period | 9904 | -€14,874 | -€35,488 | -€20,613 | -138.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,874 | -€35,488 | -€20,613 | -138.6% |
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 9 October 2026 via checked.be.