CONNECTING MANAGEMENT: 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.
CONNECTING MANAGEMENT
Largest movements
- Receivables within one year +€8,401
up €8,401 (+1030.8%), from €815 to €9,216
of which Trade receivables: +€8,400
- Cash -€279
down €279 (-45.1%), from €618 to €339
mainly Receivables within one year (-€8,401)
- Profit (loss) carried forward +€6,249
up €6,249 (+27.7%), from -€22,545 to -€16,296
- Other debts +€1,651
up €1,651 (+32.5%), from €5,081 to €6,732
- Trade debts +€222
up €222 (+57.4%), from €387 to €609
- Gross operating margin -€1,496
down €1,496 (-19.1%), from €7,815 to €6,319
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.
Cash bridge derived
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 | €1,523 | €9,645 | +€8,122 | +533.3% |
| Fixed assets | 21/28 | €90 | €90 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €1,433 | €9,555 | +€8,122 | +566.8% |
| Amounts receivable within one year | 40/41 | €815 | €9,216 | +€8,401 | +1030.8% |
| Trade receivables | 40 | - | €8,400 | +€8,400 | |
| Other amounts receivable | 41 | €815 | €816 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €618 | €339 | -€279 | -45.1% |
| Total equity and liabilities | 10/49 | €1,523 | €9,645 | +€8,122 | +533.3% |
| Equity | 10/15 | -€3,945 | €2,304 | +€6,249 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,545 | -€16,296 | +€6,249 | +27.7% |
| Amounts payable | 17/49 | €5,468 | €7,341 | +€1,873 | +34.3% |
| Amounts payable within one year | 42/48 | €5,468 | €7,341 | +€1,873 | +34.3% |
| Trade debts | 44 | €387 | €609 | +€222 | +57.4% |
| Suppliers | 440/4 | €387 | €609 | +€222 | +57.4% |
| Other amounts payable | 47/48 | €5,081 | €6,732 | +€1,651 | +32.5% |
| Other operating charges | 640/8 | €30 | - | -€30 | |
| Gross operating margin | 9900 | €7,815 | €6,319 | -€1,496 | -19.1% |
| Operating profit (loss) | 9901 | €7,785 | €6,319 | -€1,466 | -18.8% |
| Financial charges | 65/66B | €60 | €70 | +€10 | +16.7% |
| Recurring financial charges | 65 | €60 | €70 | +€10 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €7,725 | €6,249 | -€1,476 | -19.1% |
| Profit (loss) for the period | 9904 | €7,725 | €6,249 | -€1,476 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,725 | €6,249 | -€1,476 | -19.1% |
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 10 October 2026 via checked.be.