CONNECTER: 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.
CONNECTER
Largest movements
- Tangible fixed assets +€76,432
up €76,432 (+435%), from €17,561 to €93,994
of which Furniture and vehicles: +€78,215
- Cash +€44,717
up €44,717 (+63.5%), from €70,458 to €115,175
mainly Net result for the year (+€119,957) and Other debts (+€70,511)
- Current investments -€43,509
down €43,509 (-62.8%), from €69,235 to €25,726
- Receivables within one year +€20,889
up €20,889 (+97.4%), from €21,449 to €42,338
of which Trade receivables: +€20,886
- Other debts +€70,511
up €70,511 (+98.0%), from €71,917 to €142,428
- Debts after one year +€21,768
new in 2025: €21,768
- Current portion of long-term debt +€11,371
up €11,371, from €0 to €11,371
- Tax, wage and social debts -€5,679
down €5,679 (-29.3%), from €19,360 to €13,681
- Gross operating margin +€69,519
up €69,519 (+68.4%), from €101,636 to €171,155
- Taxes +€16,120
up €16,120 (+80.8%), from €19,961 to €36,081
- Financial charges +€5,851
up €5,851 (+816%), from €717 to €6,568
- Depreciation -€3,532
down €3,532 (-24.3%), from €14,551 to €11,019
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 | €179,022 | €277,303 | +€98,281 | +54.9% |
| Fixed assets | 21/28 | €17,561 | €93,994 | +€76,432 | +435% |
| Tangible fixed assets | 22/27 | €17,561 | €93,994 | +€76,432 | +435% |
| Plant, machinery and equipment | 23 | €3,802 | €2,019 | -€1,782 | -46.9% |
| Furniture and vehicles | 24 | €13,760 | €91,974 | +€78,215 | +568% |
| Current assets | 29/58 | €161,461 | €183,310 | +€21,849 | +13.5% |
| Amounts receivable within one year | 40/41 | €21,449 | €42,338 | +€20,889 | +97.4% |
| Trade receivables | 40 | €21,449 | €42,335 | +€20,886 | +97.4% |
| Other amounts receivable | 41 | €0 | €3 | +€3 | |
| Current investments | 50/53 | €69,235 | €25,726 | -€43,509 | -62.8% |
| Cash at bank and in hand | 54/58 | €70,458 | €115,175 | +€44,717 | +63.5% |
| Deferred charges and accrued income | 490/1 | €319 | €70 | -€249 | -78.1% |
| Total equity and liabilities | 10/49 | €179,022 | €277,303 | +€98,281 | +54.9% |
| Equity | 10/15 | €84,699 | €84,699 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,699 | €64,699 | = | 0.0% |
| Distributable reserves | 133 | €64,699 | €64,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,323 | €192,604 | +€98,281 | +104% |
| Amounts payable after more than one year | 17 | - | €21,768 | +€21,768 | |
| Financial debts | 170/4 | - | €21,768 | +€21,768 | |
| Amounts payable within one year | 42/48 | €94,131 | €168,269 | +€74,138 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €11,371 | +€11,371 | |
| Trade debts | 44 | €2,853 | €790 | -€2,064 | -72.3% |
| Suppliers | 440/4 | €2,853 | €790 | -€2,064 | -72.3% |
| Taxes, remuneration and social security | 45 | €19,360 | €13,681 | -€5,679 | -29.3% |
| Taxes | 450/3 | €19,360 | €13,681 | -€5,679 | -29.3% |
| Other amounts payable | 47/48 | €71,917 | €142,428 | +€70,511 | +98.0% |
| Accrued charges and deferred income | 492/3 | €193 | €2,568 | +€2,375 | +1,233% |
| Non-recurring operating income | 76A | - | €1,953 | +€1,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,551 | €11,019 | -€3,532 | -24.3% |
| Other operating charges | 640/8 | €1,203 | €1,276 | +€73 | +6.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €101,636 | €171,155 | +€69,519 | +68.4% |
| Operating profit (loss) | 9901 | €85,882 | €158,860 | +€72,978 | +85.0% |
| Financial income | 75/76B | €4,922 | €3,746 | -€1,175 | -23.9% |
| Recurring financial income | 75 | €4,922 | €3,746 | -€1,175 | -23.9% |
| Financial charges | 65/66B | €717 | €6,568 | +€5,851 | +816% |
| Recurring financial charges | 65 | €717 | €6,568 | +€5,851 | +816% |
| Profit (loss) for the period before taxes | 9903 | €90,086 | €156,038 | +€65,952 | +73.2% |
| Income taxes | 67/77 | €19,961 | €36,081 | +€16,120 | +80.8% |
| Profit (loss) for the period | 9904 | €70,125 | €119,957 | +€49,832 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,125 | €119,957 | +€49,832 | +71.1% |
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 25 October 2026 via checked.be.