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 -€14,089
down €14,089 (-72.2%), from €19,517 to €5,428
mainly Net result for the year (-€13,375) and Investment in fixed assets (net) (-€3,207)
- Tangible fixed assets -€3,684
down €3,684 (-19.3%), from €19,087 to €15,403
of which Plant, machinery and equipment: -€2,775
- Receivables within one year +€2,690
up €2,690 (+17.6%), from €15,300 to €17,991
of which Other amounts receivable: +€10,976
- Profit (loss) carried forward -€13,375
down €13,375 (-162.5%), from -€8,232 to -€21,606
- Debts after one year -€3,024
down €3,024 (-21.6%), from €13,975 to €10,951
- Gross operating margin -€6,332
down €6,332, from €75 to -€6,257
- Financial income +€246
up €246 (+204.5%), from €120 to €366
- Staff costs -€164
no longer reported in 2025 (was €164)
- Financial charges -€110
down €110 (-15.6%), from €702 to €593
- Depreciation -€86
down €86 (-1.2%), from €6,977 to €6,891
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 | €55,979 | €40,074 | -€15,904 | -28.4% |
| Fixed assets | 21/28 | €19,087 | €15,403 | -€3,684 | -19.3% |
| Tangible fixed assets | 22/27 | €19,087 | €15,403 | -€3,684 | -19.3% |
| Land and buildings | 22 | €7,721 | €5,003 | -€2,718 | -35.2% |
| Plant, machinery and equipment | 23 | €10,483 | €7,708 | -€2,775 | -26.5% |
| Furniture and vehicles | 24 | €882 | €2,691 | +€1,809 | +205.1% |
| Current assets | 29/58 | €36,892 | €24,672 | -€12,220 | -33.1% |
| Stocks and contracts in progress | 3 | €277 | - | -€277 | |
| Stocks | 30/36 | €277 | - | -€277 | |
| Amounts receivable within one year | 40/41 | €15,300 | €17,991 | +€2,690 | +17.6% |
| Trade receivables | 40 | €8,286 | - | -€8,286 | |
| Other amounts receivable | 41 | €7,014 | €17,991 | +€10,976 | +156.5% |
| Cash at bank and in hand | 54/58 | €19,517 | €5,428 | -€14,089 | -72.2% |
| Deferred charges and accrued income | 490/1 | €1,797 | €1,253 | -€544 | -30.2% |
| Total equity and liabilities | 10/49 | €55,979 | €40,074 | -€15,904 | -28.4% |
| Equity | 10/15 | €37,196 | €23,822 | -€13,375 | -36.0% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €16,828 | €16,828 | = | 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% |
| Distributable reserves | 133 | €14,968 | €14,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,232 | -€21,606 | -€13,375 | -162.5% |
| Amounts payable | 17/49 | €18,782 | €16,253 | -€2,530 | -13.5% |
| Amounts payable after more than one year | 17 | €13,975 | €10,951 | -€3,024 | -21.6% |
| Financial debts | 170/4 | €13,975 | €10,951 | -€3,024 | -21.6% |
| Amounts payable within one year | 42/48 | €4,807 | €5,302 | +€494 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €2,912 | €3,024 | +€113 | +3.9% |
| Trade debts | 44 | €1,896 | €2,278 | +€382 | +20.1% |
| Suppliers | 440/4 | €1,896 | €2,278 | +€382 | +20.1% |
| Remuneration, social security and pensions | 62 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,977 | €6,891 | -€86 | -1.2% |
| Gross operating margin | 9900 | €75 | -€6,257 | -€6,332 | |
| Operating profit (loss) | 9901 | -€7,066 | -€13,148 | -€6,082 | -86.1% |
| Financial income | 75/76B | €120 | €366 | +€246 | +204.5% |
| Recurring financial income | 75 | €120 | €366 | +€246 | +204.5% |
| Financial charges | 65/66B | €702 | €593 | -€110 | -15.6% |
| Recurring financial charges | 65 | €702 | €593 | -€110 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,648 | -€13,375 | -€5,726 | -74.9% |
| Profit (loss) for the period | 9904 | -€7,648 | -€13,375 | -€5,726 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,648 | -€13,375 | -€5,726 | -74.9% |
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 11 October 2026 via checked.be.