CONNECTIC: 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.
CONNECTIC
Largest movements
- Receivables within one year +€237,107
up €237,107 (+59.3%), from €399,653 to €636,760
of which Trade receivables: +€233,753
- Intangible fixed assets +€159,710
up €159,710 (+1,242%), from €12,861 to €172,571
- Stocks and contracts +€70,430
up €70,430 (+232%), from €30,423 to €100,853
of which Stocks: +€64,046
- Tangible fixed assets +€33,720
up €33,720 (+86.6%), from €38,949 to €72,669
of which Furniture and vehicles: +€30,480
- Formation expenses +€27,354
up €27,354 (+205%), from €13,340 to €40,694
- Trade debts +€307,517
up €307,517 (+119%), from €257,897 to €565,414
- Accrued charges and deferred income +€89,266
up €89,266 (+66.4%), from €134,336 to €223,602
- Profit (loss) carried forward +€65,152
up €65,152 (+53.3%), from €122,265 to €187,417
- Tax, wage and social debts +€55,483
up €55,483 (+166%), from €33,515 to €88,999
of which Remuneration and social security: +€31,677
- Advances received -€21,600
down €21,600 (-78.3%), from €27,600 to €6,000
- Gross operating margin +€282,560
up €282,560 (+76.3%), from €370,516 to €653,076
- Staff costs +€198,210
up €198,210 (+70.5%), from €281,019 to €479,230
- Depreciation +€34,037
up €34,037 (+254%), from €13,425 to €47,463
- Taxes +€17,798
up €17,798 (+147%), from €12,069 to €29,867
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 | €735,665 | €1,241,841 | +€506,177 | +68.8% |
| Formation expenses | 20 | €13,340 | €40,694 | +€27,354 | +205% |
| Fixed assets | 21/28 | €51,810 | €245,239 | +€193,430 | +373% |
| Intangible fixed assets | 21 | €12,861 | €172,571 | +€159,710 | +1,242% |
| Tangible fixed assets | 22/27 | €38,949 | €72,669 | +€33,720 | +86.6% |
| Furniture and vehicles | 24 | €38,949 | €69,429 | +€30,480 | +78.3% |
| Other tangible fixed assets | 26 | - | €3,240 | +€3,240 | |
| Current assets | 29/58 | €670,515 | €955,908 | +€285,393 | +42.6% |
| Stocks and contracts in progress | 3 | €30,423 | €100,853 | +€70,430 | +232% |
| Stocks | 30/36 | €30,423 | €94,469 | +€64,046 | +211% |
| Contracts in progress | 37 | - | €6,384 | +€6,384 | |
| Amounts receivable within one year | 40/41 | €399,653 | €636,760 | +€237,107 | +59.3% |
| Trade receivables | 40 | €388,557 | €622,310 | +€233,753 | +60.2% |
| Other amounts receivable | 41 | €11,096 | €14,450 | +€3,354 | +30.2% |
| Current investments | 50/53 | €50,806 | €51,580 | +€774 | +1.5% |
| Cash at bank and in hand | 54/58 | €52,878 | €26,914 | -€25,963 | -49.1% |
| Deferred charges and accrued income | 490/1 | €136,755 | €139,800 | +€3,045 | +2.2% |
| Total equity and liabilities | 10/49 | €735,665 | €1,241,841 | +€506,177 | +68.8% |
| Equity | 10/15 | €190,465 | €255,617 | +€65,152 | +34.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,265 | €187,417 | +€65,152 | +53.3% |
| Amounts payable | 17/49 | €545,200 | €986,224 | +€441,025 | +80.9% |
| Amounts payable after more than one year | 17 | €62,701 | €67,617 | +€4,916 | +7.8% |
| Financial debts | 170/4 | €62,701 | €67,617 | +€4,916 | +7.8% |
| Amounts payable within one year | 42/48 | €348,163 | €695,006 | +€346,843 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €29,113 | €32,821 | +€3,708 | +12.7% |
| Trade debts | 44 | €257,897 | €565,414 | +€307,517 | +119% |
| Suppliers | 440/4 | €257,897 | €565,414 | +€307,517 | +119% |
| Advances received on contracts in progress | 46 | €27,600 | €6,000 | -€21,600 | -78.3% |
| Taxes, remuneration and social security | 45 | €33,515 | €88,999 | +€55,483 | +166% |
| Taxes | 450/3 | €10,667 | €34,473 | +€23,806 | +223% |
| Remuneration and social security | 454/9 | €22,848 | €54,525 | +€31,677 | +139% |
| Other amounts payable | 47/48 | €38 | €1,771 | +€1,734 | +4,605% |
| Accrued charges and deferred income | 492/3 | €134,336 | €223,602 | +€89,266 | +66.4% |
| Remuneration, social security and pensions | 62 | €281,019 | €479,230 | +€198,210 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,425 | €47,463 | +€34,037 | +254% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€818 | €0 | +€818 | |
| Other operating charges | 640/8 | €32,505 | €27,775 | -€4,730 | -14.6% |
| Gross operating margin | 9900 | €370,516 | €653,076 | +€282,560 | +76.3% |
| Operating profit (loss) | 9901 | €44,385 | €98,609 | +€54,224 | +122% |
| Financial income | 75/76B | €1,021 | €788 | -€233 | -22.9% |
| Recurring financial income | 75 | €1,021 | €788 | -€233 | -22.9% |
| Financial charges | 65/66B | €3,788 | €4,378 | +€590 | +15.6% |
| Recurring financial charges | 65 | €3,788 | €4,378 | +€590 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €41,618 | €95,019 | +€53,400 | +128% |
| Income taxes | 67/77 | €12,069 | €29,867 | +€17,798 | +147% |
| Profit (loss) for the period | 9904 | €29,550 | €65,152 | +€35,602 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €29,550 | €65,152 | +€35,602 | +120% |
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 15 October 2026 via checked.be.