CONNECTA: 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.
CONNECTA
Largest movements
- Cash -€31,765
down €31,765 (-56.4%), from €56,283 to €24,518
mainly Contributions, distributions and other (-€43,500) and Receivables within one year (-€16,812)
- Receivables within one year +€16,812
up €16,812 (+126.1%), from €13,331 to €30,143
of which Trade receivables: +€10,092
- Tangible fixed assets -€1,700
down €1,700 (-8.2%), from €20,850 to €19,150
- Profit (loss) carried forward -€9,834
down €9,834 (-95.2%), from €10,328 to €494
- Current portion of long-term debt -€8,339
down €8,339 (-84.5%), from €9,873 to €1,534
- Other debts +€5,500
up €5,500 (+14.5%), from €38,000 to €43,500
- Trade debts -€2,243
down €2,243 (-90.7%), from €2,472 to €229
- Debts after one year -€1,533
no longer reported in 2025 (was €1,533)
- Gross operating margin -€8,017
down €8,017 (-12.4%), from €64,647 to €56,630
- Depreciation -€2,020
down €2,020 (-13.2%), from €15,346 to €13,326
- Taxes -€1,103
down €1,103 (-10.5%), from €10,468 to €9,365
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 | €90,464 | €73,811 | -€16,653 | -18.4% |
| Fixed assets | 21/28 | €20,850 | €19,150 | -€1,700 | -8.2% |
| Tangible fixed assets | 22/27 | €20,850 | €19,150 | -€1,700 | -8.2% |
| Furniture and vehicles | 24 | €20,850 | €19,150 | -€1,700 | -8.2% |
| Current assets | 29/58 | €69,614 | €54,661 | -€14,953 | -21.5% |
| Amounts receivable within one year | 40/41 | €13,331 | €30,143 | +€16,812 | +126.1% |
| Trade receivables | 40 | €8,081 | €18,173 | +€10,092 | +124.9% |
| Other amounts receivable | 41 | €5,250 | €11,970 | +€6,720 | +128.0% |
| Cash at bank and in hand | 54/58 | €56,283 | €24,518 | -€31,765 | -56.4% |
| Total equity and liabilities | 10/49 | €90,464 | €73,811 | -€16,653 | -18.4% |
| Equity | 10/15 | €30,788 | €20,954 | -€9,834 | -31.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €10,328 | €494 | -€9,834 | -95.2% |
| Amounts payable | 17/49 | €59,676 | €52,857 | -€6,819 | -11.4% |
| Amounts payable after more than one year | 17 | €1,533 | - | -€1,533 | |
| Financial debts | 170/4 | €1,533 | - | -€1,533 | |
| Amounts payable within one year | 42/48 | €58,143 | €52,857 | -€5,286 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €9,873 | €1,534 | -€8,339 | -84.5% |
| Trade debts | 44 | €2,472 | €229 | -€2,243 | -90.7% |
| Suppliers | 440/4 | €2,472 | €229 | -€2,243 | -90.7% |
| Taxes, remuneration and social security | 45 | €7,798 | €7,594 | -€204 | -2.6% |
| Taxes | 450/3 | €7,798 | €7,594 | -€204 | -2.6% |
| Other amounts payable | 47/48 | €38,000 | €43,500 | +€5,500 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,346 | €13,326 | -€2,020 | -13.2% |
| Gross operating margin | 9900 | €64,647 | €56,630 | -€8,017 | -12.4% |
| Operating profit (loss) | 9901 | €49,301 | €43,304 | -€5,997 | -12.2% |
| Financial charges | 65/66B | €585 | €273 | -€312 | -53.3% |
| Recurring financial charges | 65 | €585 | €273 | -€312 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €48,716 | €43,031 | -€5,685 | -11.7% |
| Income taxes | 67/77 | €10,468 | €9,365 | -€1,103 | -10.5% |
| Profit (loss) for the period | 9904 | €38,248 | €33,666 | -€4,582 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,248 | €33,666 | -€4,582 | -12.0% |
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 6 October 2026 via checked.be.