CONNECTD: 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.
CONNECTD
Largest movements
- Receivables within one year -€11,812
down €11,812 (-30.8%), from €38,398 to €26,587
of which Trade receivables: -€6,367
- Cash +€10,376
up €10,376 (+22.4%), from €46,301 to €56,678
mainly Depreciation (+€12,973) and Receivables within one year (+€11,812)
- Tangible fixed assets -€10,099
down €10,099 (-21.3%), from €47,368 to €37,269
of which Furniture and vehicles: -€9,297
- Receivables after one year +€5,000
new in 2025: €5,000
- Deferred charges and accrued income +€1,405
up €1,405 (+93.9%), from €1,496 to €2,901
- Debts after one year -€8,517
down €8,517 (-36.0%), from €23,657 to €15,141
- Trade debts -€6,523
down €6,523 (-9.0%), from €72,669 to €66,146
- Tax, wage and social debts +€5,369
up €5,369 (+324.6%), from €1,654 to €7,024
- Profit (loss) carried forward +€4,139
up €4,139 (+18.4%), from €22,468 to €26,607
- Gross operating margin +€3,378
up €3,378 (+18.8%), from €17,926 to €21,304
- Depreciation +€1,747
up €1,747 (+15.6%), from €11,226 to €12,973
- Taxes +€1,242
up €1,242 (+83.0%), from €1,496 to €2,738
- Financial charges -€384
down €384 (-22.0%), from €1,743 to €1,359
- Financial income +€288
up €288 (+2883800.0%), from €0 to €288
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 | €133,563 | €128,434 | -€5,129 | -3.8% |
| Fixed assets | 21/28 | €47,368 | €37,269 | -€10,099 | -21.3% |
| Tangible fixed assets | 22/27 | €47,368 | €37,269 | -€10,099 | -21.3% |
| Land and buildings | 22 | €13,824 | €10,673 | -€3,151 | -22.8% |
| Plant, machinery and equipment | 23 | - | €2,348 | +€2,348 | |
| Furniture and vehicles | 24 | €33,544 | €24,248 | -€9,297 | -27.7% |
| Current assets | 29/58 | €86,195 | €91,165 | +€4,969 | +5.8% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €38,398 | €26,587 | -€11,812 | -30.8% |
| Trade receivables | 40 | €32,953 | €26,587 | -€6,367 | -19.3% |
| Other amounts receivable | 41 | €5,445 | - | -€5,445 | |
| Cash at bank and in hand | 54/58 | €46,301 | €56,678 | +€10,376 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,496 | €2,901 | +€1,405 | +93.9% |
| Total equity and liabilities | 10/49 | €133,563 | €128,434 | -€5,129 | -3.8% |
| Equity | 10/15 | €27,468 | €31,607 | +€4,139 | +15.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,468 | €26,607 | +€4,139 | +18.4% |
| Amounts payable | 17/49 | €106,096 | €96,827 | -€9,268 | -8.7% |
| Amounts payable after more than one year | 17 | €23,657 | €15,141 | -€8,517 | -36.0% |
| Financial debts | 170/4 | €23,657 | €15,141 | -€8,517 | -36.0% |
| Amounts payable within one year | 42/48 | €82,438 | €81,686 | -€752 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €8,115 | €8,517 | +€402 | +4.9% |
| Trade debts | 44 | €72,669 | €66,146 | -€6,523 | -9.0% |
| Suppliers | 440/4 | €72,669 | €66,146 | -€6,523 | -9.0% |
| Taxes, remuneration and social security | 45 | €1,654 | €7,024 | +€5,369 | +324.6% |
| Taxes | 450/3 | €1,654 | €7,024 | +€5,369 | +324.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,226 | €12,973 | +€1,747 | +15.6% |
| Other operating charges | 640/8 | €411 | €383 | -€28 | -6.9% |
| Gross operating margin | 9900 | €17,926 | €21,304 | +€3,378 | +18.8% |
| Operating profit (loss) | 9901 | €6,289 | €7,948 | +€1,659 | +26.4% |
| Financial income | 75/76B | €0 | €288 | +€288 | +2883800.0% |
| Recurring financial income | 75 | €0 | €288 | +€288 | +2883800.0% |
| Financial charges | 65/66B | €1,743 | €1,359 | -€384 | -22.0% |
| Recurring financial charges | 65 | €1,743 | €1,359 | -€384 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €4,546 | €6,877 | +€2,331 | +51.3% |
| Income taxes | 67/77 | €1,496 | €2,738 | +€1,242 | +83.0% |
| Profit (loss) for the period | 9904 | €3,050 | €4,139 | +€1,089 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,050 | €4,139 | +€1,089 | +35.7% |
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 7 October 2026 via checked.be.