Connected Accountants: 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.
Connected Accountants
Largest movements
- Intangible fixed assets -€121,785
down €121,785 (-14.8%), from €821,032 to €699,247
- Cash -€60,688
down €60,688 (-69.4%), from €87,431 to €26,743
mainly Debts after one year (-€150,314) and Investment in fixed assets (net) (-€108,322)
- Tangible fixed assets -€47,819
down €47,819 (-41.4%), from €115,622 to €67,803
of which Plant, machinery and equipment: -€64,221
- Receivables within one year +€41,878
up €41,878 (+19.9%), from €210,397 to €252,276
of which Trade receivables: +€41,558
- Profit (loss) carried forward +€241,186
up €241,186 (+73.4%), from -€328,805 to -€87,619
- Debts after one year -€150,314
down €150,314 (-20.2%), from €745,888 to €595,574
of which Financial debts: -€128,328
- Other debts -€84,992
down €84,992 (-98.9%), from €85,966 to €974
- Current portion of long-term debt -€83,941
down €83,941 (-26.9%), from €312,269 to €228,328
- Short-term financial debts -€47,278
down €47,278 (-24.2%), from €195,107 to €147,830
- Gross operating margin +€563,901
up €563,901 (+96.5%), from €584,174 to €1.1m
- Staff costs +€60,754
up €60,754 (+12.1%), from €502,578 to €563,332
- Depreciation +€17,645
up €17,645 (+6.8%), from €260,280 to €277,925
- Other operating charges -€12,916
down €12,916 (-35.2%), from €36,657 to €23,741
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 | €1,303,785 | €1,114,487 | -€189,299 | -14.5% |
| Fixed assets | 21/28 | €937,654 | €768,050 | -€169,604 | -18.1% |
| Intangible fixed assets | 21 | €821,032 | €699,247 | -€121,785 | -14.8% |
| Tangible fixed assets | 22/27 | €115,622 | €67,803 | -€47,819 | -41.4% |
| Plant, machinery and equipment | 23 | €81,625 | €17,404 | -€64,221 | -78.7% |
| Furniture and vehicles | 24 | €33,997 | €50,399 | +€16,402 | +48.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €366,132 | €346,437 | -€19,695 | -5.4% |
| Amounts receivable within one year | 40/41 | €210,397 | €252,276 | +€41,878 | +19.9% |
| Trade receivables | 40 | €210,321 | €251,879 | +€41,558 | +19.8% |
| Other amounts receivable | 41 | €76 | €397 | +€320 | +420% |
| Cash at bank and in hand | 54/58 | €87,431 | €26,743 | -€60,688 | -69.4% |
| Deferred charges and accrued income | 490/1 | €68,303 | €67,418 | -€885 | -1.3% |
| Total equity and liabilities | 10/49 | €1,303,785 | €1,114,487 | -€189,299 | -14.5% |
| Equity | 10/15 | -€248,805 | -€7,619 | +€241,186 | +96.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€328,805 | -€87,619 | +€241,186 | +73.4% |
| Amounts payable | 17/49 | €1,552,590 | €1,122,106 | -€430,484 | -27.7% |
| Amounts payable after more than one year | 17 | €745,888 | €595,574 | -€150,314 | -20.2% |
| Financial debts | 170/4 | €723,901 | €595,574 | -€128,328 | -17.7% |
| Other amounts payable | 178/9 | €21,986 | €0 | -€21,986 | -100% |
| Amounts payable within one year | 42/48 | €799,510 | €517,300 | -€282,210 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €312,269 | €228,328 | -€83,941 | -26.9% |
| Financial debts | 43 | €195,107 | €147,830 | -€47,278 | -24.2% |
| Credit institutions | 430/8 | €195,107 | €147,830 | -€47,278 | -24.2% |
| Trade debts | 44 | €83,552 | €56,326 | -€27,226 | -32.6% |
| Suppliers | 440/4 | €83,552 | €56,326 | -€27,226 | -32.6% |
| Taxes, remuneration and social security | 45 | €122,616 | €83,842 | -€38,774 | -31.6% |
| Taxes | 450/3 | €65,572 | €21,828 | -€43,744 | -66.7% |
| Remuneration and social security | 454/9 | €57,044 | €62,014 | +€4,970 | +8.7% |
| Other amounts payable | 47/48 | €85,966 | €974 | -€84,992 | -98.9% |
| Accrued charges and deferred income | 492/3 | €7,193 | €9,232 | +€2,040 | +28.4% |
| Non-recurring operating income | 76A | €3,929 | €0 | -€3,929 | -100% |
| Remuneration, social security and pensions | 62 | €502,578 | €563,332 | +€60,754 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,280 | €277,925 | +€17,645 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,260 | +€3,260 | |
| Other operating charges | 640/8 | €36,657 | €23,741 | -€12,916 | -35.2% |
| Gross operating margin | 9900 | €584,174 | €1,148,076 | +€563,901 | +96.5% |
| Operating profit (loss) | 9901 | -€215,341 | €279,817 | +€495,158 | |
| Financial income | 75/76B | €863 | €1,350 | +€487 | +56.4% |
| Recurring financial income | 75 | €863 | €1,350 | +€487 | +56.4% |
| Financial charges | 65/66B | €46,907 | €39,981 | -€6,925 | -14.8% |
| Recurring financial charges | 65 | €46,907 | €39,981 | -€6,925 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€261,384 | €241,186 | +€502,570 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€261,384 | €241,186 | +€502,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€261,384 | €241,186 | +€502,570 |
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 22 October 2026 via checked.be.