CONNECTIFY: what changed
Two fiscal 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.
What changed
CONNECTIFY
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€906,137
2023 · €266,337+€639,800
Equity
€6.7m
2023 · €5.8m+€862,451
Cash
€1.5m
2023 · €124,307+€1.4m
Balance sheet total
€10.1m
2023 · €9.0m+€1.1m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+1129.8%), from €124,307 to €1.5m
mainly Net result for the year (+€906,137) and Depreciation (+€771,915)
- Receivables within one year -€683,170
down €683,170 (-20.3%), from €3.4m to €2.7m
of which Trade receivables: -€528,675
- Tangible fixed assets +€521,221
up €521,221 (+80.1%), from €651,059 to €1.2m
of which Furniture and vehicles: +€395,100
- Stocks and contracts -€165,375
down €165,375 (-11.1%), from €1.5m to €1.3m
- Deferred charges and accrued income +€101,297
up €101,297 (+20.1%), from €505,152 to €606,449
Equity and liabilities
- Reserves +€906,137
up €906,137 (+61.4%), from €1.5m to €2.4m
of which Distributable reserves: +€906,137
- Accrued charges and deferred income -€306,597
down €306,597 (-33.1%), from €927,281 to €620,684
- Other debts +€300,000
up €300,000 (+150.0%), from €200,000 to €500,000
- Debts after one year +€273,203
up €273,203 (+45.2%), from €603,904 to €877,107
of which Financial debts: +€273,203
- Trade debts -€103,162
down €103,162 (-18.4%), from €559,495 to €456,333
Income statement
- Turnover +€2.7m
up €2.7m (+27.2%), from €10.1m to €12.8m
- Goods and materials +€1.5m
up €1.5m (+30.9%), from €4.9m to €6.5m
of which Purchases: +€1.0m
- Taxes +€239,443
up €239,443 (+146.7%), from €163,169 to €402,612
of which Taxes: +€224,644
- Staff costs +€234,515
up €234,515 (+8.9%), from €2.6m to €2.9m
From the 2023 result to the 2024 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.
Result 2023
€266,337
Turnover
+€2.7m
Other operating income
+€34,225
Goods and materials
-€1.5m
Services and other goods
-€113,090
Staff costs
-€234,515
Depreciation
-€31,899
Write-downs
+€95,224
Other operating charges
-€7,362
Other operating items
-€5,636
Financial income
-€34,868
Financial charges
-€43,262
Taxes
-€239,443
Result 2024
€906,137
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.5m
Investment
-€1.3m
Financing
+€255,248
Cash 2023
€124,307
From operations (derived)
+€2.5m
Net result for the year
+€906,137
Depreciation
+€771,915
Receivables after one year
+€100,000
Stocks and contracts
+€165,375
Receivables within one year
+€683,170
Deferred charges and accrued income
-€101,297
Trade debts
-€103,162
Tax, wage and social debts
+€73,107
Other debts
+€300,000
Accrued charges and deferred income
-€306,597
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€255,248
Debts after one year
+€273,203
Current portion of long-term debt
+€50,730
Short-term financial debts
-€25,000
Contributions, distributions and other
-€43,685
Cash 2024
€1.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,986,074 | €10,110,807 | +€1.1m | +12.5% |
| Fixed assets | 21/28 | €3,405,290 | €3,972,804 | +€567,514 | +16.7% |
| Intangible fixed assets | 21 | €2,047,030 | €2,091,052 | +€44,023 | +2.2% |
| Tangible fixed assets | 22/27 | €651,059 | €1,172,281 | +€521,221 | +80.1% |
| Plant, machinery and equipment | 23 | €11,902 | €1,371 | -€10,531 | -88.5% |
| Furniture and vehicles | 24 | €609,657 | €1,004,757 | +€395,100 | +64.8% |
| Other tangible fixed assets | 26 | €29,500 | €37,181 | +€7,681 | +26.0% |
| Assets under construction and advance payments | 27 | - | €128,972 | +€128,972 | |
| Financial fixed assets | 28 | €707,201 | €709,471 | +€2,270 | +0.3% |
| Affiliated companies | 280/1 | €608,828 | €608,828 | = | 0.0% |
| Participating interests | 280 | €608,828 | €608,828 | = | 0.0% |
| Other financial fixed assets | 284/8 | €98,373 | €100,643 | +€2,270 | +2.3% |
| Amounts receivable and cash guarantees | 285/8 | €98,373 | €100,643 | +€2,270 | +2.3% |
| Current assets | 29/58 | €5,580,784 | €6,138,003 | +€557,219 | +10.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Stocks and contracts in progress | 3 | €1,488,055 | €1,322,680 | -€165,375 | -11.1% |
| Stocks | 30/36 | €1,488,055 | €1,322,680 | -€165,375 | -11.1% |
| Goods purchased for resale | 34 | €1,488,055 | €1,322,680 | -€165,375 | -11.1% |
| Amounts receivable within one year | 40/41 | €3,363,271 | €2,680,101 | -€683,170 | -20.3% |
| Trade receivables | 40 | €3,090,438 | €2,561,763 | -€528,675 | -17.1% |
| Other amounts receivable | 41 | €272,833 | €118,338 | -€154,495 | -56.6% |
| Cash at bank and in hand | 54/58 | €124,307 | €1,528,773 | +€1.4m | +1129.8% |
| Deferred charges and accrued income | 490/1 | €505,152 | €606,449 | +€101,297 | +20.1% |
| Total equity and liabilities | 10/49 | €8,986,074 | €10,110,807 | +€1.1m | +12.5% |
| Equity | 10/15 | €5,808,693 | €6,671,144 | +€862,451 | +14.8% |
| Contributions | 10/11 | €3,920,772 | €3,920,772 | = | 0.0% |
| Capital | 10 | €3,920,772 | €3,920,772 | = | 0.0% |
| Issued capital | 100 | €3,920,772 | €3,920,772 | = | 0.0% |
| Reserves | 13 | €1,476,374 | €2,382,511 | +€906,137 | +61.4% |
| Non-distributable reserves | 130/1 | €392,077 | €392,077 | = | 0.0% |
| Legal reserve | 130 | €392,077 | €392,077 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,524 | €33,524 | = | 0.0% |
| Distributable reserves | 133 | €1,050,773 | €1,956,910 | +€906,137 | +86.2% |
| Investment grants | 15 | €411,547 | €367,861 | -€43,685 | -10.6% |
| Amounts payable | 17/49 | €3,177,382 | €3,439,663 | +€262,281 | +8.3% |
| Amounts payable after more than one year | 17 | €603,904 | €877,107 | +€273,203 | +45.2% |
| Financial debts | 170/4 | €603,904 | €877,107 | +€273,203 | +45.2% |
| Credit institutions | 173 | €345,101 | €618,304 | +€273,203 | +79.2% |
| Other loans | 174 | €258,803 | €258,803 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,646,196 | €1,941,871 | +€295,675 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €193,108 | €243,838 | +€50,730 | +26.3% |
| Financial debts | 43 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Credit institutions | 430/8 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Trade debts | 44 | €559,495 | €456,333 | -€103,162 | -18.4% |
| Suppliers | 440/4 | €559,495 | €456,333 | -€103,162 | -18.4% |
| Taxes, remuneration and social security | 45 | €418,593 | €491,700 | +€73,107 | +17.5% |
| Taxes | 450/3 | €79,278 | €120,129 | +€40,851 | +51.5% |
| Remuneration and social security | 454/9 | €339,315 | €371,571 | +€32,255 | +9.5% |
| Other amounts payable | 47/48 | €200,000 | €500,000 | +€300,000 | +150.0% |
| Accrued charges and deferred income | 492/3 | €927,281 | €620,684 | -€306,597 | -33.1% |
| Operating income | 70/76A | €10,693,262 | €13,478,525 | +€2.8m | +26.0% |
| Turnover | 70 | €10,101,827 | €12,847,506 | +€2.7m | +27.2% |
| Own construction capitalised | 72 | €399,419 | €399,419 | = | 0.0% |
| Other operating income | 74 | €176,679 | €210,904 | +€34,225 | +19.4% |
| Non-recurring operating income | 76A | €15,337 | €20,697 | +€5,360 | +34.9% |
| Operating charges | 60/66A | €10,313,156 | €12,141,047 | +€1.8m | +17.7% |
| Goods for resale, raw materials and consumables | 60 | €4,943,561 | €6,468,814 | +€1.5m | +30.9% |
| Purchases | 600/8 | €5,276,164 | €6,303,439 | +€1.0m | +19.5% |
| Change in stocks: decrease (increase) | 609 | -€332,603 | €165,375 | +€497,977 | |
| Services and other goods | 61 | €1,833,671 | €1,946,762 | +€113,090 | +6.2% |
| Remuneration, social security and pensions | 62 | €2,620,728 | €2,855,242 | +€234,515 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740,016 | €771,915 | +€31,899 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €163,945 | €68,720 | -€95,224 | -58.1% |
| Other operating charges | 640/8 | €4,834 | €12,197 | +€7,362 | +152.3% |
| Non-recurring operating charges | 66A | €6,401 | €17,397 | +€10,996 | +171.8% |
| Operating profit (loss) | 9901 | €380,105 | €1,337,478 | +€957,373 | +251.9% |
| Financial income | 75/76B | €86,781 | €51,913 | -€34,868 | -40.2% |
| Recurring financial income | 75 | €86,781 | €51,913 | -€34,868 | -40.2% |
| Income from current assets | 751 | €844 | €2,778 | +€1,933 | +228.9% |
| Other financial income | 752/9 | €85,936 | €49,135 | -€36,802 | -42.8% |
| Financial charges | 65/66B | €37,380 | €80,642 | +€43,262 | +115.7% |
| Recurring financial charges | 65 | €37,380 | €80,642 | +€43,262 | +115.7% |
| Debt charges | 650 | €33,921 | €76,555 | +€42,634 | +125.7% |
| Other financial charges | 652/9 | €3,458 | €4,087 | +€629 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €429,506 | €1,308,749 | +€879,242 | +204.7% |
| Income taxes | 67/77 | €163,169 | €402,612 | +€239,443 | +146.7% |
| Taxes | 670/3 | €178,346 | €402,990 | +€224,644 | +126.0% |
| Tax adjustments and reversals of tax provisions | 77 | €15,177 | €378 | -€14,798 | -97.5% |
| Profit (loss) for the period | 9904 | €266,337 | €906,137 | +€639,800 | +240.2% |
| Profit (loss) for the period to be appropriated | 9905 | €266,337 | €906,137 | +€639,800 | +240.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.