CONNECT MARINE: 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 MARINE
Largest movements
- Receivables within one year +€42,164
up €42,164 (+11,708%), from €360 to €42,524
of which Other amounts receivable: +€27,164
- Tangible fixed assets +€5,265
up €5,265 (+27.3%), from €19,250 to €24,515
- Other debts +€49,573
up €49,573 (+93.8%), from €52,852 to €102,426
- Trade debts -€6,202
down €6,202 (-32.2%), from €19,257 to €13,056
- Profit (loss) carried forward -€6,063
down €6,063 (-10.9%), from -€55,763 to -€61,826
- Tax, wage and social debts +€6,011
up €6,011 (+82.9%), from €7,250 to €13,261
of which Remuneration and social security: +€3,581
- Accrued charges and deferred income +€4,581
new in 2025: €4,581
- Gross operating margin +€13,123
up €13,123 (+29.1%), from €45,065 to €58,188
- Financial charges +€5,917
up €5,917 (+5,462%), from €108 to €6,026
of which Non-recurring financial charges: +€5,910
- Staff costs +€5,873
up €5,873 (+14.8%), from €39,786 to €45,659
- Other operating charges +€2,118
up €2,118 (+484%), from €438 to €2,556
- Depreciation +€1,748
up €1,748 (+30.5%), from €5,726 to €7,474
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.
Derived cash bridge
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 | €31,652 | €79,553 | +€47,901 | +151% |
| Fixed assets | 21/28 | €29,250 | €34,515 | +€5,265 | +18.0% |
| Tangible fixed assets | 22/27 | €19,250 | €24,515 | +€5,265 | +27.3% |
| Furniture and vehicles | 24 | €19,250 | €24,515 | +€5,265 | +27.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €2,402 | €45,038 | +€42,637 | +1,775% |
| Amounts receivable within one year | 40/41 | €360 | €42,524 | +€42,164 | +11,708% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €360 | €27,524 | +€27,164 | +7,543% |
| Cash at bank and in hand | 54/58 | €2,042 | €1,809 | -€233 | -11.4% |
| Deferred charges and accrued income | 490/1 | €0 | €705 | +€705 | |
| Total equity and liabilities | 10/49 | €31,652 | €79,553 | +€47,901 | +151% |
| Equity | 10/15 | -€47,708 | -€53,771 | -€6,063 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,763 | -€61,826 | -€6,063 | -10.9% |
| Amounts payable | 17/49 | €79,360 | €133,324 | +€53,964 | +68.0% |
| Amounts payable within one year | 42/48 | €79,360 | €128,743 | +€49,383 | +62.2% |
| Trade debts | 44 | €19,257 | €13,056 | -€6,202 | -32.2% |
| Suppliers | 440/4 | €19,257 | €13,056 | -€6,202 | -32.2% |
| Taxes, remuneration and social security | 45 | €7,250 | €13,261 | +€6,011 | +82.9% |
| Taxes | 450/3 | €2,607 | €5,037 | +€2,430 | +93.2% |
| Remuneration and social security | 454/9 | €4,643 | €8,224 | +€3,581 | +77.1% |
| Other amounts payable | 47/48 | €52,852 | €102,426 | +€49,573 | +93.8% |
| Accrued charges and deferred income | 492/3 | - | €4,581 | +€4,581 | |
| Non-recurring operating income | 76A | €2,920 | €0 | -€2,920 | -100% |
| Remuneration, social security and pensions | 62 | €39,786 | €45,659 | +€5,873 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,726 | €7,474 | +€1,748 | +30.5% |
| Other operating charges | 640/8 | €438 | €2,556 | +€2,118 | +484% |
| Gross operating margin | 9900 | €45,065 | €58,188 | +€13,123 | +29.1% |
| Operating profit (loss) | 9901 | -€884 | €2,499 | +€3,383 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +14.8% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +14.8% |
| Financial charges | 65/66B | €108 | €6,026 | +€5,917 | +5,462% |
| Recurring financial charges | 65 | €108 | €116 | +€8 | +7.1% |
| Non-recurring financial charges | 66B | - | €5,910 | +€5,910 | |
| Profit (loss) for the period before taxes | 9903 | -€992 | -€3,526 | -€2,534 | -256% |
| Income taxes | 67/77 | €1,923 | €2,537 | +€614 | +31.9% |
| Profit (loss) for the period | 9904 | -€2,915 | -€6,063 | -€3,148 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,915 | -€6,063 | -€3,148 | -108% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.