CONNECTED HOLDINGS: 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 HOLDINGS
Largest movements
- Receivables within one year +€39,396
up €39,396 (+39.0%), from €100,908 to €140,304
of which Other amounts receivable: +€40,135
- Current investments +€37,337
up €37,337 (+23.6%), from €158,145 to €195,482
- Cash -€21,882
down €21,882 (-29.7%), from €73,764 to €51,883
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€39,396)
- Tax, wage and social debts +€33,735
up €33,735 (+53.2%), from €63,437 to €97,172
- Reserves +€33,600
up €33,600 (+26.2%), from €128,260 to €161,860
of which Distributable reserves: +€33,600
- Profit (loss) carried forward -€19,304
down €19,304 (-18.7%), from €103,384 to €84,080
- Trade debts +€4,954
up €4,954 (+55.4%), from €8,935 to €13,889
- Gross operating margin +€8,449
up €8,449 (+7.7%), from €109,075 to €117,524
- Taxes -€3,920
down €3,920 (-10.4%), from €37,844 to €33,924
- Financial income +€2,434
up €2,434 (+37.2%), from €6,535 to €8,969
- Financial charges -€2,268
down €2,268 (-80.0%), from €2,834 to €566
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 | €397,616 | €450,601 | +€52,985 | +13.3% |
| Fixed assets | 21/28 | €4,799 | €2,932 | -€1,866 | -38.9% |
| Tangible fixed assets | 22/27 | €4,299 | €2,432 | -€1,866 | -43.4% |
| Furniture and vehicles | 24 | €4,299 | €2,432 | -€1,866 | -43.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €392,817 | €447,669 | +€54,851 | +14.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,908 | €140,304 | +€39,396 | +39.0% |
| Trade receivables | 40 | €21,959 | €21,220 | -€739 | -3.4% |
| Other amounts receivable | 41 | €78,949 | €119,084 | +€40,135 | +50.8% |
| Current investments | 50/53 | €158,145 | €195,482 | +€37,337 | +23.6% |
| Cash at bank and in hand | 54/58 | €73,764 | €51,883 | -€21,882 | -29.7% |
| Total equity and liabilities | 10/49 | €397,616 | €450,601 | +€52,985 | +13.3% |
| Equity | 10/15 | €250,244 | €264,540 | +€14,296 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €128,260 | €161,860 | +€33,600 | +26.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €126,400 | €160,000 | +€33,600 | +26.6% |
| Profit (loss) carried forward | 14 | €103,384 | €84,080 | -€19,304 | -18.7% |
| Amounts payable | 17/49 | €147,372 | €186,061 | +€38,689 | +26.3% |
| Amounts payable within one year | 42/48 | €147,372 | €186,061 | +€38,689 | +26.3% |
| Trade debts | 44 | €8,935 | €13,889 | +€4,954 | +55.4% |
| Suppliers | 440/4 | €8,935 | €13,889 | +€4,954 | +55.4% |
| Taxes, remuneration and social security | 45 | €63,437 | €97,172 | +€33,735 | +53.2% |
| Taxes | 450/3 | €63,437 | €97,172 | +€33,735 | +53.2% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €1,866 | -€850 | -31.3% |
| Other operating charges | 640/8 | €1,951 | €841 | -€1,110 | -56.9% |
| Gross operating margin | 9900 | €109,075 | €117,524 | +€8,449 | +7.7% |
| Operating profit (loss) | 9901 | €104,409 | €114,817 | +€10,409 | +10.0% |
| Financial income | 75/76B | €6,535 | €8,969 | +€2,434 | +37.2% |
| Recurring financial income | 75 | €6,535 | €8,969 | +€2,434 | +37.2% |
| Financial charges | 65/66B | €2,834 | €566 | -€2,268 | -80.0% |
| Recurring financial charges | 65 | €2,834 | €566 | -€2,268 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €108,110 | €123,220 | +€15,110 | +14.0% |
| Income taxes | 67/77 | €37,844 | €33,924 | -€3,920 | -10.4% |
| Profit (loss) for the period | 9904 | €70,266 | €89,296 | +€19,030 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,266 | €89,296 | +€19,030 | +27.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.