ConnectBy: 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.
ConnectBy
Largest movements
- Cash +€25,831
up €25,831 (+43.5%), from €59,391 to €85,221
mainly Net result for the year (+€54,444) and Depreciation (+€22,560)
- Deferred charges and accrued income +€24,482
up €24,482 (+858%), from €2,852 to €27,334
- Tangible fixed assets -€21,941
down €21,941 (-10.1%), from €218,174 to €196,234
of which Furniture and vehicles: -€11,731
- Reserves +€54,444
up €54,444 (+29.7%), from €183,349 to €237,792
- Debts after one year -€25,535
down €25,535 (-35.9%), from €71,069 to €45,534
- Tax, wage and social debts -€4,577
down €4,577 (-30.1%), from €15,216 to €10,639
- Taxes +€1,577
up €1,577 (+6.2%), from €25,537 to €27,114
- Financial income +€1,530
new in 2025: €1,530
- Gross operating margin +€1,234
up €1,234 (+1.2%), from €104,573 to €105,807
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 | €339,881 | €364,833 | +€24,953 | +7.3% |
| Fixed assets | 21/28 | €218,174 | €196,234 | -€21,941 | -10.1% |
| Tangible fixed assets | 22/27 | €218,174 | €196,234 | -€21,941 | -10.1% |
| Land and buildings | 22 | €180,576 | €171,072 | -€9,504 | -5.3% |
| Plant, machinery and equipment | 23 | €1,999 | €1,293 | -€706 | -35.3% |
| Furniture and vehicles | 24 | €35,599 | €23,868 | -€11,731 | -33.0% |
| Current assets | 29/58 | €121,706 | €168,600 | +€46,893 | +38.5% |
| Amounts receivable within one year | 40/41 | €19,464 | €16,044 | -€3,420 | -17.6% |
| Trade receivables | 40 | €15,388 | €15,273 | -€115 | -0.7% |
| Other amounts receivable | 41 | €4,076 | €771 | -€3,305 | -81.1% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,391 | €85,221 | +€25,831 | +43.5% |
| Deferred charges and accrued income | 490/1 | €2,852 | €27,334 | +€24,482 | +858% |
| Total equity and liabilities | 10/49 | €339,881 | €364,833 | +€24,953 | +7.3% |
| Equity | 10/15 | €216,471 | €270,915 | +€54,444 | +25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,349 | €237,792 | +€54,444 | +29.7% |
| Distributable reserves | 133 | €183,349 | €237,792 | +€54,444 | +29.7% |
| Profit (loss) carried forward | 14 | €26,922 | €26,922 | = | 0.0% |
| Amounts payable | 17/49 | €123,410 | €93,918 | -€29,491 | -23.9% |
| Amounts payable after more than one year | 17 | €71,069 | €45,534 | -€25,535 | -35.9% |
| Financial debts | 170/4 | €71,069 | €45,534 | -€25,535 | -35.9% |
| Amounts payable within one year | 42/48 | €52,021 | €45,351 | -€6,669 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €26,404 | €25,535 | -€869 | -3.3% |
| Trade debts | 44 | €3,113 | €3,362 | +€249 | +8.0% |
| Suppliers | 440/4 | €3,113 | €3,362 | +€249 | +8.0% |
| Taxes, remuneration and social security | 45 | €15,216 | €10,639 | -€4,577 | -30.1% |
| Taxes | 450/3 | €15,216 | €10,639 | -€4,577 | -30.1% |
| Other amounts payable | 47/48 | €7,288 | €5,815 | -€1,474 | -20.2% |
| Accrued charges and deferred income | 492/3 | €320 | €3,033 | +€2,713 | +847% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,623 | €22,560 | -€63 | -0.3% |
| Other operating charges | 640/8 | €1,285 | €1,066 | -€219 | -17.0% |
| Gross operating margin | 9900 | €104,573 | €105,807 | +€1,234 | +1.2% |
| Operating profit (loss) | 9901 | €80,666 | €82,181 | +€1,516 | +1.9% |
| Financial income | 75/76B | - | €1,530 | +€1,530 | |
| Recurring financial income | 75 | - | €1,530 | +€1,530 | |
| Financial charges | 65/66B | €2,406 | €2,154 | -€252 | -10.5% |
| Recurring financial charges | 65 | €2,406 | €2,154 | -€252 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €78,260 | €81,558 | +€3,298 | +4.2% |
| Income taxes | 67/77 | €25,537 | €27,114 | +€1,577 | +6.2% |
| Profit (loss) for the period | 9904 | €52,723 | €54,444 | +€1,721 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,723 | €54,444 | +€1,721 | +3.3% |
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 15 October 2026 via checked.be.