CONNECTED MEDIA: 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 MEDIA
Largest movements
- Receivables within one year +€81,755
up €81,755 (+51.5%), from €158,846 to €240,601
of which Other amounts receivable: +€62,426
- Cash +€5,719
up €5,719 (+36.7%), from €15,575 to €21,294
mainly Trade debts (+€126,126) and Accrued charges and deferred income (+€30,000)
- Trade debts +€126,126
up €126,126 (+180%), from €69,905 to €196,032
- Other debts -€76,581
down €76,581 (-100%), from €76,581 to €0
- Accrued charges and deferred income +€30,000
up €30,000 (+8,573%), from €350 to €30,350
- Tax, wage and social debts +€6,649
new in 2025: €6,649
- Profit (loss) carried forward +€3,164
up €3,164 (+8.9%), from €35,481 to €38,645
- Gross operating margin +€3,656
up €3,656 (+66.3%), from €5,516 to €9,172
- Other operating charges +€2,581
up €2,581 (+666%), from €387 to €2,968
- Financial income -€748
down €748 (-99.7%), from €750 to €2
- Depreciation +€606
up €606 (+121%), from €500 to €1,106
- Financial charges -€292
down €292 (-62.0%), from €471 to €179
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 | €189,818 | €279,176 | +€89,358 | +47.1% |
| Fixed assets | 21/28 | €7,897 | €9,780 | +€1,884 | +23.9% |
| Tangible fixed assets | 22/27 | €922 | €2,805 | +€1,884 | +204% |
| Furniture and vehicles | 24 | €922 | €2,805 | +€1,884 | +204% |
| Financial fixed assets | 28 | €6,975 | €6,975 | = | 0.0% |
| Current assets | 29/58 | €181,921 | €269,395 | +€87,474 | +48.1% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,846 | €240,601 | +€81,755 | +51.5% |
| Trade receivables | 40 | €122,452 | €141,782 | +€19,329 | +15.8% |
| Other amounts receivable | 41 | €36,394 | €98,820 | +€62,426 | +172% |
| Cash at bank and in hand | 54/58 | €15,575 | €21,294 | +€5,719 | +36.7% |
| Total equity and liabilities | 10/49 | €189,818 | €279,176 | +€89,358 | +47.1% |
| Equity | 10/15 | €42,981 | €46,145 | +€3,164 | +7.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,481 | €38,645 | +€3,164 | +8.9% |
| Amounts payable | 17/49 | €146,836 | €233,030 | +€86,194 | +58.7% |
| Amounts payable within one year | 42/48 | €146,487 | €202,680 | +€56,194 | +38.4% |
| Trade debts | 44 | €69,905 | €196,032 | +€126,126 | +180% |
| Suppliers | 440/4 | €69,905 | €196,032 | +€126,126 | +180% |
| Taxes, remuneration and social security | 45 | - | €6,649 | +€6,649 | |
| Taxes | 450/3 | - | €6,649 | +€6,649 | |
| Other amounts payable | 47/48 | €76,581 | €0 | -€76,581 | -100% |
| Accrued charges and deferred income | 492/3 | €350 | €30,350 | +€30,000 | +8,573% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €1,106 | +€606 | +121% |
| Other operating charges | 640/8 | €387 | €2,968 | +€2,581 | +666% |
| Gross operating margin | 9900 | €5,516 | €9,172 | +€3,656 | +66.3% |
| Operating profit (loss) | 9901 | €4,629 | €5,097 | +€469 | +10.1% |
| Financial income | 75/76B | €750 | €2 | -€748 | -99.7% |
| Recurring financial income | 75 | €750 | €2 | -€748 | -99.7% |
| Financial charges | 65/66B | €471 | €179 | -€292 | -62.0% |
| Recurring financial charges | 65 | €471 | €179 | -€292 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €4,908 | €4,921 | +€13 | +0.3% |
| Income taxes | 67/77 | €1,734 | €1,757 | +€22 | +1.3% |
| Profit (loss) for the period | 9904 | €3,174 | €3,164 | -€10 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,174 | €3,164 | -€10 | -0.3% |
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 16 October 2026 via checked.be.