Connect Solutions: 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 Solutions
Largest movements
- Receivables within one year +€218,639
up €218,639 (+50.1%), from €436,171 to €654,810
of which Trade receivables: +€190,822
- Cash +€35,720
up €35,720 (+355%), from €10,063 to €45,784
mainly Trade debts (+€236,499) and Net result for the year (+€73,674)
- Deferred charges and accrued income -€24,811
down €24,811 (-86.1%), from €28,829 to €4,018
- Trade debts +€236,499
up €236,499 (+88.0%), from €268,788 to €505,287
- Other debts -€98,507
no longer reported in 2025 (was €98,507)
- Profit (loss) carried forward +€73,674
up €73,674 (+69.7%), from -€105,746 to -€32,072
- Tax, wage and social debts +€25,990
up €25,990 (+165%), from €15,787 to €41,777
- Turnover +€949,105
up €949,105 (+135%), from €703,571 to €1.7m
- Gross operating margin +€90,411
up €90,411 (+927%), from €9,758 to €100,169
- Taxes +€17,169
up €17,169 (+1,374%), from €1,250 to €18,419
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 | €487,147 | €714,745 | +€227,598 | +46.7% |
| Fixed assets | 21/28 | €12,083 | €10,132 | -€1,951 | -16.1% |
| Tangible fixed assets | 22/27 | €5,483 | €3,532 | -€1,951 | -35.6% |
| Furniture and vehicles | 24 | €352 | - | -€352 | |
| Other tangible fixed assets | 26 | €5,131 | €3,532 | -€1,599 | -31.2% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €475,064 | €704,612 | +€229,548 | +48.3% |
| Amounts receivable within one year | 40/41 | €436,171 | €654,810 | +€218,639 | +50.1% |
| Trade receivables | 40 | €203,514 | €394,336 | +€190,822 | +93.8% |
| Other amounts receivable | 41 | €232,657 | €260,474 | +€27,817 | +12.0% |
| Cash at bank and in hand | 54/58 | €10,063 | €45,784 | +€35,720 | +355% |
| Deferred charges and accrued income | 490/1 | €28,829 | €4,018 | -€24,811 | -86.1% |
| Total equity and liabilities | 10/49 | €487,147 | €714,745 | +€227,598 | +46.7% |
| Equity | 10/15 | €94,006 | €167,680 | +€73,674 | +78.4% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €193,502 | €193,502 | = | 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 | €191,642 | €191,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,746 | -€32,072 | +€73,674 | +69.7% |
| Amounts payable | 17/49 | €393,141 | €547,065 | +€153,923 | +39.2% |
| Amounts payable within one year | 42/48 | €386,151 | €547,065 | +€160,913 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €3,069 | - | -€3,069 | |
| Trade debts | 44 | €268,788 | €505,287 | +€236,499 | +88.0% |
| Suppliers | 440/4 | €268,788 | €505,287 | +€236,499 | +88.0% |
| Taxes, remuneration and social security | 45 | €15,787 | €41,777 | +€25,990 | +165% |
| Taxes | 450/3 | €15,787 | €41,777 | +€25,990 | +165% |
| Other amounts payable | 47/48 | €98,507 | - | -€98,507 | |
| Accrued charges and deferred income | 492/3 | €6,990 | - | -€6,990 | |
| Turnover | 70 | €703,571 | €1,652,676 | +€949,105 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,415 | €1,951 | -€1,464 | -42.9% |
| Other operating charges | 640/8 | €229 | - | -€229 | |
| Gross operating margin | 9900 | €9,758 | €100,169 | +€90,411 | +927% |
| Operating profit (loss) | 9901 | €6,114 | €98,218 | +€92,104 | +1,506% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,721 | €6,125 | +€3,403 | +125% |
| Recurring financial charges | 65 | €2,721 | €6,125 | +€3,403 | +125% |
| Profit (loss) for the period before taxes | 9903 | €3,393 | €92,093 | +€88,700 | +2,614% |
| Income taxes | 67/77 | €1,250 | €18,419 | +€17,169 | +1,374% |
| Profit (loss) for the period | 9904 | €2,143 | €73,674 | +€71,531 | +3,337% |
| Profit (loss) for the period to be appropriated | 9905 | €2,143 | €73,674 | +€71,531 | +3,337% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.