CONNECT PROD: 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 PROD
Largest movements
- Cash -€5,641
down €5,641 (-10.5%), from €53,948 to €48,307
mainly Debts after one year (-€20,000) and Contributions, distributions and other (-€14,000)
- Receivables within one year +€2,732
up €2,732 (+70.7%), from €3,866 to €6,598
of which Trade receivables: +€1,812
- Tangible fixed assets +€1,262
up €1,262 (+122%), from €1,030 to €2,293
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Other debts +€17,245
up €17,245 (+424%), from €4,070 to €21,315
- Profit (loss) carried forward -€14,000
down €14,000 (-46.0%), from €30,416 to €16,416
- Reserves +€9,642
new in 2025: €9,642
- Tax, wage and social debts +€5,408
up €5,408 (+188%), from €2,881 to €8,290
- Gross operating margin +€9,452
up €9,452 (+162%), from €5,835 to €15,287
- Taxes +€3,039
up €3,039 (+279%), from €1,089 to €4,128
- Depreciation -€223
down €223 (-17.7%), from €1,258 to €1,035
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 | €58,844 | €57,197 | -€1,647 | -2.8% |
| Fixed assets | 21/28 | €1,030 | €2,293 | +€1,262 | +122% |
| Tangible fixed assets | 22/27 | €1,030 | €2,293 | +€1,262 | +122% |
| Furniture and vehicles | 24 | €1,030 | €2,293 | +€1,262 | +122% |
| Current assets | 29/58 | €57,814 | €54,905 | -€2,909 | -5.0% |
| Amounts receivable within one year | 40/41 | €3,866 | €6,598 | +€2,732 | +70.7% |
| Trade receivables | 40 | €1,866 | €3,678 | +€1,812 | +97.1% |
| Other amounts receivable | 41 | €2,000 | €2,920 | +€920 | +46.0% |
| Cash at bank and in hand | 54/58 | €53,948 | €48,307 | -€5,641 | -10.5% |
| Total equity and liabilities | 10/49 | €58,844 | €57,197 | -€1,647 | -2.8% |
| Equity | 10/15 | €31,416 | €27,058 | -€4,358 | -13.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €9,642 | +€9,642 | |
| Distributable reserves | 133 | - | €9,642 | +€9,642 | |
| Profit (loss) carried forward | 14 | €30,416 | €16,416 | -€14,000 | -46.0% |
| Amounts payable | 17/49 | €27,428 | €30,139 | +€2,711 | +9.9% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €7,428 | €30,139 | +€22,711 | +306% |
| Trade debts | 44 | €477 | €535 | +€58 | +12.1% |
| Suppliers | 440/4 | €472 | €535 | +€63 | +13.4% |
| Bills of exchange payable | 441 | €5 | - | -€5 | |
| Taxes, remuneration and social security | 45 | €2,881 | €8,290 | +€5,408 | +188% |
| Taxes | 450/3 | €2,881 | €8,290 | +€5,408 | +188% |
| Other amounts payable | 47/48 | €4,070 | €21,315 | +€17,245 | +424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €1,035 | -€223 | -17.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,835 | €15,287 | +€9,452 | +162% |
| Operating profit (loss) | 9901 | €4,190 | €13,853 | +€9,663 | +231% |
| Financial charges | 65/66B | €57 | €83 | +€26 | +45.9% |
| Recurring financial charges | 65 | €57 | €83 | +€26 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €4,133 | €13,770 | +€9,637 | +233% |
| Income taxes | 67/77 | €1,089 | €4,128 | +€3,039 | +279% |
| Profit (loss) for the period | 9904 | €3,044 | €9,642 | +€6,598 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €3,044 | €9,642 | +€6,598 | +217% |
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 27 October 2026 via checked.be.