Connect4: 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.
Connect4
Largest movements
- Receivables within one year +€19,594
up €19,594 (+131.2%), from €14,937 to €34,532
- Cash -€8,576
down €8,576 (-94.9%), from €9,038 to €462
mainly Receivables within one year (-€19,594)
- Tangible fixed assets -€1,425
down €1,425 (-51.7%), from €2,754 to €1,329
- Profit (loss) carried forward +€2,974
up €2,974 (+51.3%), from -€5,803 to -€2,829
- Other debts +€2,500
up €2,500 (+9.4%), from €26,640 to €29,140
- Tax, wage and social debts +€2,490
up €2,490 (+601.0%), from €414 to €2,904
- Trade debts +€1,629
up €1,629 (+340.8%), from €478 to €2,107
- Gross operating margin +€4,351
up €4,351 (+642.1%), from €678 to €5,028
- Depreciation +€404
up €404 (+39.6%), from €1,020 to €1,425
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 | €26,729 | €36,322 | +€9,593 | +35.9% |
| Fixed assets | 21/28 | €2,754 | €1,329 | -€1,425 | -51.7% |
| Tangible fixed assets | 22/27 | €2,754 | €1,329 | -€1,425 | -51.7% |
| Furniture and vehicles | 24 | €2,754 | €1,329 | -€1,425 | -51.7% |
| Current assets | 29/58 | €23,975 | €34,993 | +€11,018 | +46.0% |
| Amounts receivable within one year | 40/41 | €14,937 | €34,532 | +€19,594 | +131.2% |
| Trade receivables | 40 | €14,937 | €34,532 | +€19,594 | +131.2% |
| Cash at bank and in hand | 54/58 | €9,038 | €462 | -€8,576 | -94.9% |
| Total equity and liabilities | 10/49 | €26,729 | €36,322 | +€9,593 | +35.9% |
| Equity | 10/15 | -€803 | €2,171 | +€2,974 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,803 | -€2,829 | +€2,974 | +51.3% |
| Amounts payable | 17/49 | €27,532 | €34,151 | +€6,619 | +24.0% |
| Amounts payable within one year | 42/48 | €27,532 | €34,151 | +€6,619 | +24.0% |
| Trade debts | 44 | €478 | €2,107 | +€1,629 | +340.8% |
| Suppliers | 440/4 | €478 | €2,107 | +€1,629 | +340.8% |
| Taxes, remuneration and social security | 45 | €414 | €2,904 | +€2,490 | +601.0% |
| Taxes | 450/3 | €414 | €2,904 | +€2,490 | +601.0% |
| Other amounts payable | 47/48 | €26,640 | €29,140 | +€2,500 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €1,425 | +€404 | +39.6% |
| Other operating charges | 640/8 | €432 | €400 | -€33 | -7.5% |
| Gross operating margin | 9900 | €678 | €5,028 | +€4,351 | +642.1% |
| Operating profit (loss) | 9901 | -€775 | €3,204 | +€3,979 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €198 | €184 | -€14 | -7.0% |
| Recurring financial charges | 65 | €198 | €184 | -€14 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€973 | €3,019 | +€3,993 | |
| Income taxes | 67/77 | €0 | €45 | +€45 | |
| Profit (loss) for the period | 9904 | -€973 | €2,974 | +€3,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€973 | €2,974 | +€3,948 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.