Connected Consulting: 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.
Connected Consulting
Largest movements
- Cash -€28,815
down €28,815 (-28.8%), from €99,887 to €71,071
mainly Debts after one year (-€26,827) and Contributions, distributions and other (-€17,650)
- Tangible fixed assets -€17,646
down €17,646 (-4.6%), from €381,541 to €363,895
of which Land and buildings: -€16,042
- Receivables within one year +€16,992
up €16,992 (+223.0%), from €7,619 to €24,611
of which Other amounts receivable: +€9,691
- Current investments +€16,500
up €16,500 (+26.9%), from €61,440 to €77,940
- Debts after one year -€26,827
down €26,827 (-9.7%), from €277,429 to €250,601
- Reserves +€15,908
up €15,908 (+6.7%), from €238,770 to €254,679
- Gross operating margin -€46,599
down €46,599 (-40.7%), from €114,568 to €67,970
- Taxes -€10,248
down €10,248 (-44.8%), from €22,850 to €12,603
- Other operating charges -€4,873
down €4,873 (-68.6%), from €7,102 to €2,229
- Depreciation -€2,093
down €2,093 (-10.6%), from €19,740 to €17,646
- Financial income -€1,168
down €1,168 (-50.2%), from €2,327 to €1,160
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 | €550,924 | €537,803 | -€13,121 | -2.4% |
| Fixed assets | 21/28 | €381,541 | €363,895 | -€17,646 | -4.6% |
| Tangible fixed assets | 22/27 | €381,541 | €363,895 | -€17,646 | -4.6% |
| Land and buildings | 22 | €379,937 | €363,895 | -€16,042 | -4.2% |
| Furniture and vehicles | 24 | €1,604 | €0 | -€1,604 | -100.0% |
| Current assets | 29/58 | €169,382 | €173,908 | +€4,525 | +2.7% |
| Amounts receivable within one year | 40/41 | €7,619 | €24,611 | +€16,992 | +223.0% |
| Trade receivables | 40 | - | €7,301 | +€7,301 | |
| Other amounts receivable | 41 | €7,619 | €17,310 | +€9,691 | +127.2% |
| Current investments | 50/53 | €61,440 | €77,940 | +€16,500 | +26.9% |
| Cash at bank and in hand | 54/58 | €99,887 | €71,071 | -€28,815 | -28.8% |
| Deferred charges and accrued income | 490/1 | €437 | €285 | -€152 | -34.7% |
| Total equity and liabilities | 10/49 | €550,924 | €537,803 | -€13,121 | -2.4% |
| Equity | 10/15 | €238,770 | €254,679 | +€15,908 | +6.7% |
| Reserves | 13 | €238,770 | €254,679 | +€15,908 | +6.7% |
| Distributable reserves | 133 | €238,770 | €254,679 | +€15,908 | +6.7% |
| Amounts payable | 17/49 | €312,153 | €283,124 | -€29,029 | -9.3% |
| Amounts payable after more than one year | 17 | €277,429 | €250,601 | -€26,827 | -9.7% |
| Financial debts | 170/4 | €277,429 | €250,601 | -€26,827 | -9.7% |
| Amounts payable within one year | 42/48 | €34,725 | €32,523 | -€2,202 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €26,578 | €26,827 | +€249 | +0.9% |
| Trade debts | 44 | €321 | €504 | +€183 | +56.9% |
| Suppliers | 440/4 | €321 | €504 | +€183 | +56.9% |
| Taxes, remuneration and social security | 45 | €7,825 | €5,191 | -€2,634 | -33.7% |
| Taxes | 450/3 | €7,825 | €5,191 | -€2,634 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,740 | €17,646 | -€2,093 | -10.6% |
| Other operating charges | 640/8 | €7,102 | €2,229 | -€4,873 | -68.6% |
| Gross operating margin | 9900 | €114,568 | €67,970 | -€46,599 | -40.7% |
| Operating profit (loss) | 9901 | €87,727 | €48,094 | -€39,632 | -45.2% |
| Financial income | 75/76B | €2,327 | €1,160 | -€1,168 | -50.2% |
| Recurring financial income | 75 | €2,327 | €1,160 | -€1,168 | -50.2% |
| Financial charges | 65/66B | €3,320 | €3,093 | -€227 | -6.8% |
| Recurring financial charges | 65 | €3,320 | €3,093 | -€227 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €86,734 | €46,161 | -€40,573 | -46.8% |
| Income taxes | 67/77 | €22,850 | €12,603 | -€10,248 | -44.8% |
| Profit (loss) for the period | 9904 | €63,883 | €33,558 | -€30,325 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,883 | €33,558 | -€30,325 | -47.5% |
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.