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
- Tangible fixed assets -€23,798
down €23,798 (-22.3%), from €106,541 to €82,743
of which Land and buildings: -€16,532
- Deferred charges and accrued income -€5,932
down €5,932 (-60.0%), from €9,885 to €3,953
- Receivables within one year +€1,810
up €1,810 (+10.6%), from €17,059 to €18,869
of which Other amounts receivable: +€4,797
- Cash -€1,409
down €1,409 (-55.0%), from €2,563 to €1,153
mainly Net result for the year (-€21,154) and Tax, wage and social debts (-€8,348)
- Profit (loss) carried forward -€21,154
down €21,154 (-10.4%), from -€202,755 to -€223,909
- Other debts +€9,329
up €9,329 (+45.4%), from €20,528 to €29,857
- Tax, wage and social debts -€8,348
down €8,348 (-29.4%), from €28,375 to €20,027
of which Taxes: -€6,425
- Trade debts -€6,208
down €6,208 (-10.6%), from €58,507 to €52,299
- Current portion of long-term debt -€3,908
down €3,908 (-73.7%), from €5,302 to €1,394
- Staff costs -€63,727
down €63,727 (-90.2%), from €70,616 to €6,890
- Gross operating margin -€33,052
down €33,052 (-69.7%), from €47,405 to €14,352
- Other operating charges -€19,865
down €19,865 (-90.1%), from €22,047 to €2,181
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 | €137,073 | €108,092 | -€28,981 | -21.1% |
| Fixed assets | 21/28 | €107,566 | €83,768 | -€23,798 | -22.1% |
| Tangible fixed assets | 22/27 | €106,541 | €82,743 | -€23,798 | -22.3% |
| Land and buildings | 22 | €65,666 | €49,134 | -€16,532 | -25.2% |
| Furniture and vehicles | 24 | €858 | €658 | -€200 | -23.3% |
| Other tangible fixed assets | 26 | €40,017 | €32,951 | -€7,066 | -17.7% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €29,506 | €24,324 | -€5,183 | -17.6% |
| Stocks and contracts in progress | 3 | - | €349 | +€349 | |
| Stocks | 30/36 | - | €349 | +€349 | |
| Amounts receivable within one year | 40/41 | €17,059 | €18,869 | +€1,810 | +10.6% |
| Trade receivables | 40 | €5,343 | €2,356 | -€2,987 | -55.9% |
| Other amounts receivable | 41 | €11,716 | €16,513 | +€4,797 | +40.9% |
| Cash at bank and in hand | 54/58 | €2,563 | €1,153 | -€1,409 | -55.0% |
| Deferred charges and accrued income | 490/1 | €9,885 | €3,953 | -€5,932 | -60.0% |
| Total equity and liabilities | 10/49 | €137,073 | €108,092 | -€28,981 | -21.1% |
| Equity | 10/15 | -€180,528 | -€201,683 | -€21,154 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,626 | €3,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,766 | €1,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,755 | -€223,909 | -€21,154 | -10.4% |
| Amounts payable | 17/49 | €317,601 | €309,774 | -€7,827 | -2.5% |
| Amounts payable after more than one year | 17 | €194,107 | €192,713 | -€1,394 | -0.7% |
| Financial debts | 170/4 | €1,394 | - | -€1,394 | |
| Other amounts payable | 178/9 | €192,713 | €192,713 | = | 0.0% |
| Amounts payable within one year | 42/48 | €117,654 | €108,368 | -€9,286 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,302 | €1,394 | -€3,908 | -73.7% |
| Financial debts | 43 | €4,943 | €4,792 | -€151 | -3.1% |
| Credit institutions | 430/8 | €4,943 | €4,792 | -€151 | -3.1% |
| Trade debts | 44 | €58,507 | €52,299 | -€6,208 | -10.6% |
| Suppliers | 440/4 | €58,507 | €52,299 | -€6,208 | -10.6% |
| Taxes, remuneration and social security | 45 | €28,375 | €20,027 | -€8,348 | -29.4% |
| Taxes | 450/3 | €25,399 | €18,973 | -€6,425 | -25.3% |
| Remuneration and social security | 454/9 | €2,976 | €1,053 | -€1,923 | -64.6% |
| Other amounts payable | 47/48 | €20,528 | €29,857 | +€9,329 | +45.4% |
| Accrued charges and deferred income | 492/3 | €5,840 | €8,693 | +€2,853 | +48.9% |
| Non-recurring operating income | 76A | €3,379 | - | -€3,379 | |
| Remuneration, social security and pensions | 62 | €70,616 | €6,890 | -€63,727 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,046 | €23,798 | -€247 | -1.0% |
| Other operating charges | 640/8 | €22,047 | €2,181 | -€19,865 | -90.1% |
| Non-recurring operating charges | 66A | €739 | - | -€739 | |
| Gross operating margin | 9900 | €47,405 | €14,352 | -€33,052 | -69.7% |
| Operating profit (loss) | 9901 | -€70,043 | -€18,517 | +€51,526 | +73.6% |
| Financial income | 75/76B | €44 | €28 | -€16 | -36.6% |
| Recurring financial income | 75 | €44 | €28 | -€16 | -36.6% |
| Financial charges | 65/66B | €2,823 | €2,545 | -€278 | -9.9% |
| Recurring financial charges | 65 | €2,823 | €2,545 | -€278 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,823 | -€21,034 | +€51,788 | +71.1% |
| Income taxes | 67/77 | €117 | €120 | +€3 | +2.4% |
| Profit (loss) for the period | 9904 | -€72,940 | -€21,154 | +€51,785 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,940 | -€21,154 | +€51,785 | +71.0% |
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 10 October 2026 via checked.be.