Connect-IT: 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-IT
Largest movements
- Cash +€54,045
up €54,045 (+75.4%), from €71,705 to €125,750
mainly Receivables within one year (+€48,348) and Deferred charges and accrued income (+€28,774)
- Receivables within one year -€48,348
down €48,348 (-34.5%), from €140,195 to €91,847
of which Trade receivables: -€47,399
- Deferred charges and accrued income -€28,774
down €28,774 (-41.7%), from €68,996 to €40,222
- Tangible fixed assets -€19,494
down €19,494 (-5.3%), from €364,567 to €345,073
of which Land and buildings: -€17,204
- Stocks and contracts -€11,644
down €11,644 (-83.7%), from €13,918 to €2,274
- Other debts -€33,000
down €33,000 (-41.8%), from €78,924 to €45,924
- Debts after one year -€31,712
down €31,712 (-12.2%), from €259,532 to €227,820
- Short-term financial debts +€10,271
new in 2025: €10,271
- Reserves +€7,289
up €7,289 (+14.9%), from €48,967 to €56,256
of which Distributable reserves: +€7,289
- Staff costs -€10,587
down €10,587 (-1.2%), from €898,788 to €888,200
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 | €659,381 | €605,166 | -€54,215 | -8.2% |
| Fixed assets | 21/28 | €364,567 | €345,073 | -€19,494 | -5.3% |
| Tangible fixed assets | 22/27 | €364,567 | €345,073 | -€19,494 | -5.3% |
| Land and buildings | 22 | €360,755 | €343,551 | -€17,204 | -4.8% |
| Plant, machinery and equipment | 23 | €2,560 | €1,499 | -€1,061 | -41.4% |
| Furniture and vehicles | 24 | €1,252 | €23 | -€1,229 | -98.2% |
| Current assets | 29/58 | €294,814 | €260,093 | -€34,721 | -11.8% |
| Stocks and contracts in progress | 3 | €13,918 | €2,274 | -€11,644 | -83.7% |
| Stocks | 30/36 | €13,918 | €2,274 | -€11,644 | -83.7% |
| Amounts receivable within one year | 40/41 | €140,195 | €91,847 | -€48,348 | -34.5% |
| Trade receivables | 40 | €139,215 | €91,816 | -€47,399 | -34.0% |
| Other amounts receivable | 41 | €980 | €31 | -€949 | -96.8% |
| Cash at bank and in hand | 54/58 | €71,705 | €125,750 | +€54,045 | +75.4% |
| Deferred charges and accrued income | 490/1 | €68,996 | €40,222 | -€28,774 | -41.7% |
| Total equity and liabilities | 10/49 | €659,381 | €605,166 | -€54,215 | -8.2% |
| Equity | 10/15 | €55,167 | €62,456 | +€7,289 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,967 | €56,256 | +€7,289 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,107 | €54,396 | +€7,289 | +15.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €604,214 | €542,710 | -€61,504 | -10.2% |
| Amounts payable after more than one year | 17 | €259,532 | €227,820 | -€31,712 | -12.2% |
| Financial debts | 170/4 | €259,532 | €227,820 | -€31,712 | -12.2% |
| Amounts payable within one year | 42/48 | €344,682 | €314,890 | -€29,792 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €31,360 | €31,712 | +€352 | +1.1% |
| Financial debts | 43 | - | €10,271 | +€10,271 | |
| Credit institutions | 430/8 | - | €10,271 | +€10,271 | |
| Trade debts | 44 | €80,547 | €78,959 | -€1,588 | -2.0% |
| Suppliers | 440/4 | €80,547 | €78,959 | -€1,588 | -2.0% |
| Taxes, remuneration and social security | 45 | €153,851 | €148,024 | -€5,827 | -3.8% |
| Taxes | 450/3 | €62,423 | €58,491 | -€3,932 | -6.3% |
| Remuneration and social security | 454/9 | €91,428 | €89,534 | -€1,895 | -2.1% |
| Other amounts payable | 47/48 | €78,924 | €45,924 | -€33,000 | -41.8% |
| Non-recurring operating income | 76A | €36,983 | €0 | -€36,983 | -100.0% |
| Remuneration, social security and pensions | 62 | €898,788 | €888,200 | -€10,587 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,253 | €18,267 | -€986 | -5.1% |
| Other operating charges | 640/8 | €14,758 | €10,414 | -€4,344 | -29.4% |
| Non-recurring operating charges | 66A | - | €1,687 | +€1,687 | |
| Gross operating margin | 9900 | €946,647 | €944,574 | -€2,073 | -0.2% |
| Operating profit (loss) | 9901 | €13,849 | €26,006 | +€12,157 | +87.8% |
| Financial income | 75/76B | €473 | €0 | -€473 | -100.0% |
| Recurring financial income | 75 | €473 | €0 | -€473 | -100.0% |
| Financial charges | 65/66B | €8,212 | €10,346 | +€2,133 | +26.0% |
| Recurring financial charges | 65 | €8,212 | €10,346 | +€2,133 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €6,110 | €15,660 | +€9,550 | +156.3% |
| Income taxes | 67/77 | €4,461 | €5,876 | +€1,415 | +31.7% |
| Profit (loss) for the period | 9904 | €1,649 | €9,784 | +€8,135 | +493.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,649 | €9,784 | +€8,135 | +493.4% |
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 12 October 2026 via checked.be.