CONNECTED HEROES: 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 HEROES
Largest movements
- Cash +€29,111
up €29,111 (+86.6%), from €33,630 to €62,741
mainly Net result for the year (+€55,802) and Depreciation (+€13,231)
- Tangible fixed assets +€11,538
up €11,538 (+42.2%), from €27,322 to €38,860
of which Furniture and vehicles: +€7,428
- Receivables within one year +€5,996
up €5,996 (+37.9%), from €15,832 to €21,828
- Intangible fixed assets -€3,000
down €3,000 (-28.3%), from €10,611 to €7,611
- Profit (loss) carried forward +€44,202
up €44,202, from -€43,804 to €398
- Other debts -€7,906
down €7,906 (-36.6%), from €21,605 to €13,699
- Tax, wage and social debts +€6,670
up €6,670 (+56.2%), from €11,874 to €18,544
of which Taxes: +€6,671
- Gross operating margin +€19,089
up €19,089 (+33.3%), from €57,352 to €76,441
- Depreciation +€5,872
up €5,872 (+79.8%), from €7,358 to €13,231
- Taxes +€5,790
up €5,790 (+3,993%), from €145 to €5,935
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 | €87,887 | €131,892 | +€44,005 | +50.1% |
| Fixed assets | 21/28 | €37,933 | €46,471 | +€8,538 | +22.5% |
| Intangible fixed assets | 21 | €10,611 | €7,611 | -€3,000 | -28.3% |
| Tangible fixed assets | 22/27 | €27,322 | €38,860 | +€11,538 | +42.2% |
| Furniture and vehicles | 24 | €27,322 | €34,750 | +€7,428 | +27.2% |
| Other tangible fixed assets | 26 | - | €4,110 | +€4,110 | |
| Current assets | 29/58 | €49,954 | €85,420 | +€35,466 | +71.0% |
| Amounts receivable within one year | 40/41 | €15,832 | €21,828 | +€5,996 | +37.9% |
| Trade receivables | 40 | €15,832 | €21,828 | +€5,996 | +37.9% |
| Cash at bank and in hand | 54/58 | €33,630 | €62,741 | +€29,111 | +86.6% |
| Deferred charges and accrued income | 490/1 | €492 | €851 | +€359 | +73.1% |
| Total equity and liabilities | 10/49 | €87,887 | €131,892 | +€44,005 | +50.1% |
| Equity | 10/15 | €53,696 | €98,498 | +€44,802 | +83.4% |
| Contributions | 10/11 | €97,500 | €97,500 | = | 0.0% |
| Capital | 10 | €97,500 | €97,500 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €600 | +€600 | |
| Non-distributable reserves | 130/1 | - | €600 | +€600 | |
| Legal reserve | 130 | - | €600 | +€600 | |
| Profit (loss) carried forward | 14 | -€43,804 | €398 | +€44,202 | |
| Amounts payable | 17/49 | €34,191 | €33,393 | -€797 | -2.3% |
| Amounts payable within one year | 42/48 | €34,191 | €33,393 | -€797 | -2.3% |
| Trade debts | 44 | €711 | €1,150 | +€439 | +61.7% |
| Suppliers | 440/4 | €711 | €1,150 | +€439 | +61.7% |
| Taxes, remuneration and social security | 45 | €11,874 | €18,544 | +€6,670 | +56.2% |
| Taxes | 450/3 | €9,594 | €16,265 | +€6,671 | +69.5% |
| Remuneration and social security | 454/9 | €2,280 | €2,279 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €21,605 | €13,699 | -€7,906 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,358 | €13,231 | +€5,872 | +79.8% |
| Other operating charges | 640/8 | €892 | €1,130 | +€238 | +26.7% |
| Gross operating margin | 9900 | €57,352 | €76,441 | +€19,089 | +33.3% |
| Operating profit (loss) | 9901 | €49,102 | €62,080 | +€12,978 | +26.4% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €1,071 | €403 | -€667 | -62.3% |
| Recurring financial charges | 65 | €1,071 | €403 | -€667 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €48,031 | €61,737 | +€13,706 | +28.5% |
| Income taxes | 67/77 | €145 | €5,935 | +€5,790 | +3,993% |
| Profit (loss) for the period | 9904 | €47,886 | €55,802 | +€7,916 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,886 | €55,802 | +€7,916 | +16.5% |
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 17 October 2026 via checked.be.