Connecting Company: what changed
Connecting Company
Largest movements
- Receivables within one year +€22,075
up €22,075 (+15.0%), from €147,473 to €169,548
of which Trade receivables: +€12,000
- Receivables after one year -€12,860
down €12,860 (-16.3%), from €78,660 to €65,800
- Current investments -€12,345
down €12,345 (-37.8%), from €32,666 to €20,321
- Tangible fixed assets -€5,906
down €5,906 (-32.3%), from €18,263 to €12,357
of which Furniture and vehicles: -€5,138
- Other debts +€14,500
up €14,500 (+68.9%), from €21,050 to €35,550
- Debts after one year -€13,814
no longer reported in 2025 (was €13,814)
- Current portion of long-term debt -€8,373
down €8,373 (-40.9%), from €20,495 to €12,122
- Reserves +€7,412
up €7,412 (+3.9%), from €187,958 to €195,371
of which Distributable reserves: +€7,412
- Tax, wage and social debts -€7,015
down €7,015 (-21.0%), from €33,393 to €26,378
of which Taxes: -€9,723
- Gross operating margin -€13,084
down €13,084 (-31.6%), from €41,370 to €28,286
- Taxes +€7,195
up €7,195 (+59.6%), from €12,076 to €19,271
- Financial charges +€2,202
up €2,202 (+180%), from €1,222 to €3,424
- Other operating charges +€1,270
up €1,270 (+50.9%), from €2,497 to €3,767
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,581 | €279,435 | -€10,146 | -3.5% |
| Fixed assets | 21/28 | €18,263 | €12,357 | -€5,906 | -32.3% |
| Tangible fixed assets | 22/27 | €18,263 | €12,357 | -€5,906 | -32.3% |
| Plant, machinery and equipment | 23 | €986 | €1,305 | +€318 | +32.3% |
| Furniture and vehicles | 24 | €14,847 | €9,709 | -€5,138 | -34.6% |
| Other tangible fixed assets | 26 | €2,429 | €1,343 | -€1,086 | -44.7% |
| Current assets | 29/58 | €271,318 | €267,078 | -€4,240 | -1.6% |
| Amounts receivable after more than one year | 29 | €78,660 | €65,800 | -€12,860 | -16.3% |
| Other amounts receivable | 291 | €78,660 | €65,800 | -€12,860 | -16.3% |
| Amounts receivable within one year | 40/41 | €147,473 | €169,548 | +€22,075 | +15.0% |
| Trade receivables | 40 | €13,310 | €25,310 | +€12,000 | +90.2% |
| Other amounts receivable | 41 | €134,163 | €144,238 | +€10,075 | +7.5% |
| Current investments | 50/53 | €32,666 | €20,321 | -€12,345 | -37.8% |
| Deferred charges and accrued income | 490/1 | €12,520 | €11,409 | -€1,111 | -8.9% |
| Total equity and liabilities | 10/49 | €289,581 | €279,435 | -€10,146 | -3.5% |
| Equity | 10/15 | €194,158 | €201,571 | +€7,412 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,958 | €195,371 | +€7,412 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,098 | €193,511 | +€7,412 | +4.0% |
| Amounts payable | 17/49 | €95,423 | €77,864 | -€17,559 | -18.4% |
| Amounts payable after more than one year | 17 | €13,814 | - | -€13,814 | |
| Financial debts | 170/4 | €13,814 | - | -€13,814 | |
| Amounts payable within one year | 42/48 | €79,946 | €77,864 | -€2,082 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €20,495 | €12,122 | -€8,373 | -40.9% |
| Trade debts | 44 | €5,008 | €3,814 | -€1,194 | -23.8% |
| Suppliers | 440/4 | €5,008 | €3,814 | -€1,194 | -23.8% |
| Taxes, remuneration and social security | 45 | €33,393 | €26,378 | -€7,015 | -21.0% |
| Taxes | 450/3 | €33,393 | €23,669 | -€9,723 | -29.1% |
| Remuneration and social security | 454/9 | - | €2,709 | +€2,709 | |
| Other amounts payable | 47/48 | €21,050 | €35,550 | +€14,500 | +68.9% |
| Accrued charges and deferred income | 492/3 | €1,663 | - | -€1,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,363 | €7,974 | -€389 | -4.7% |
| Other operating charges | 640/8 | €2,497 | €3,767 | +€1,270 | +50.9% |
| Gross operating margin | 9900 | €41,370 | €28,286 | -€13,084 | -31.6% |
| Operating profit (loss) | 9901 | €30,510 | €16,546 | -€13,964 | -45.8% |
| Financial income | 75/76B | €13,591 | €13,561 | -€30 | -0.2% |
| Recurring financial income | 75 | €13,591 | €13,561 | -€30 | -0.2% |
| Financial charges | 65/66B | €1,222 | €3,424 | +€2,202 | +180% |
| Recurring financial charges | 65 | €1,222 | €3,424 | +€2,202 | +180% |
| Profit (loss) for the period before taxes | 9903 | €42,879 | €26,683 | -€16,196 | -37.8% |
| Income taxes | 67/77 | €12,076 | €19,271 | +€7,195 | +59.6% |
| Profit (loss) for the period | 9904 | €30,803 | €7,412 | -€23,391 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,803 | €7,412 | -€23,391 | -75.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.