CONNECT'M: what changed
Two fiscal 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'M
Largest movements
- Receivables within one year -€29,969
down €29,969 (-45.2%), from €66,238 to €36,269
of which Trade receivables: -€17,726
- Cash -€13,095
down €13,095 (-37.4%), from €35,008 to €21,913
mainly Net result for the year (-€22,552) and Trade debts (-€18,304)
- Tangible fixed assets +€3,686
up €3,686 (+42.2%), from €8,731 to €12,416
of which Plant, machinery and equipment: +€5,357
- Profit (loss) carried forward -€23,385
new in 2024: -€23,385
- Trade debts -€18,304
down €18,304 (-54.5%), from €33,600 to €15,296
- Current portion of long-term debt +€13,773
new in 2024: €13,773
- Tax, wage and social debts -€9,591
down €9,591 (-36.0%), from €26,608 to €17,018
of which Taxes: -€9,676
- Other debts -€5,000
down €5,000 (-83.3%), from €6,000 to €1,000
- Gross operating margin -€80,239
down €80,239 (-75.9%), from €105,649 to €25,410
- Taxes -€13,108
down €13,108 (-98.0%), from €13,372 to €264
- Financial charges +€2,437
up €2,437 (+144.7%), from €1,685 to €4,122
- Depreciation +€2,317
up €2,317 (+185.7%), from €1,248 to €3,564
- Staff costs +€2,135
up €2,135 (+5.7%), from €37,460 to €39,595
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,268 | €71,368 | -€39,900 | -35.9% |
| Fixed assets | 21/28 | €8,731 | €12,416 | +€3,686 | +42.2% |
| Tangible fixed assets | 22/27 | €8,731 | €12,416 | +€3,686 | +42.2% |
| Plant, machinery and equipment | 23 | - | €5,357 | +€5,357 | |
| Furniture and vehicles | 24 | €8,731 | €7,060 | -€1,671 | -19.1% |
| Current assets | 29/58 | €102,537 | €58,951 | -€43,586 | -42.5% |
| Amounts receivable within one year | 40/41 | €66,238 | €36,269 | -€29,969 | -45.2% |
| Trade receivables | 40 | €41,926 | €24,200 | -€17,726 | -42.3% |
| Other amounts receivable | 41 | €24,312 | €12,069 | -€12,243 | -50.4% |
| Cash at bank and in hand | 54/58 | €35,008 | €21,913 | -€13,095 | -37.4% |
| Deferred charges and accrued income | 490/1 | €1,292 | €770 | -€522 | -40.4% |
| Total equity and liabilities | 10/49 | €111,268 | €71,368 | -€39,900 | -35.9% |
| Equity | 10/15 | €45,059 | €21,675 | -€23,385 | -51.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,059 | €42,059 | = | 0.0% |
| Distributable reserves | 133 | €42,059 | €42,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,385 | -€23,385 | |
| Amounts payable | 17/49 | €66,209 | €49,693 | -€16,515 | -24.9% |
| Amounts payable within one year | 42/48 | €66,209 | €49,693 | -€16,515 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,773 | +€13,773 | |
| Trade debts | 44 | €33,600 | €15,296 | -€18,304 | -54.5% |
| Suppliers | 440/4 | €33,600 | €15,296 | -€18,304 | -54.5% |
| Advances received on contracts in progress | 46 | - | €2,607 | +€2,607 | |
| Taxes, remuneration and social security | 45 | €26,608 | €17,018 | -€9,591 | -36.0% |
| Taxes | 450/3 | €22,189 | €12,513 | -€9,676 | -43.6% |
| Remuneration and social security | 454/9 | €4,419 | €4,505 | +€85 | +1.9% |
| Other amounts payable | 47/48 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Remuneration, social security and pensions | 62 | €37,460 | €39,595 | +€2,135 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €3,564 | +€2,317 | +185.7% |
| Other operating charges | 640/8 | €1,696 | €1,571 | -€125 | -7.4% |
| Non-recurring operating charges | 66A | €2,795 | - | -€2,795 | |
| Gross operating margin | 9900 | €105,649 | €25,410 | -€80,239 | -75.9% |
| Operating profit (loss) | 9901 | €62,450 | -€19,320 | -€81,770 | |
| Financial income | 75/76B | €667 | €1,155 | +€488 | +73.2% |
| Recurring financial income | 75 | €667 | €1,155 | +€488 | +73.2% |
| Financial charges | 65/66B | €1,685 | €4,122 | +€2,437 | +144.7% |
| Recurring financial charges | 65 | €1,685 | €4,122 | +€2,437 | +144.7% |
| Profit (loss) for the period before taxes | 9903 | €61,432 | -€22,288 | -€83,719 | |
| Income taxes | 67/77 | €13,372 | €264 | -€13,108 | -98.0% |
| Profit (loss) for the period | 9904 | €48,059 | -€22,552 | -€70,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,059 | -€22,552 | -€70,611 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.