Connecting Partners: 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 Partners
Largest movements
- Cash -€20,797
down €20,797 (-96.6%), from €21,531 to €735
mainly Net result for the year (-€25,071) and Stocks and contracts (-€12,236)
- Stocks and contracts +€12,236
new in 2025: €12,236
- Receivables within one year +€9,679
up €9,679 (+69.5%), from €13,927 to €23,606
of which Trade receivables: +€9,523
- Trade debts +€26,685
up €26,685 (+586%), from €4,555 to €31,240
- Profit (loss) carried forward -€25,071
down €25,071, from €19,081 to -€5,989
- Tax, wage and social debts -€3,497
down €3,497 (-85.9%), from €4,073 to €576
- Other debts +€3,000
up €3,000 (+171%), from €1,750 to €4,750
- Gross operating margin -€42,243
down €42,243, from €19,089 to -€23,153
- Other operating charges +€1,383
new in 2025: €1,383
- Financial charges +€526
up €526 (+6,227%), from €8 to €534
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 | €35,459 | €36,576 | +€1,118 | +3.2% |
| Current assets | 29/58 | €35,459 | €36,576 | +€1,118 | +3.2% |
| Stocks and contracts in progress | 3 | - | €12,236 | +€12,236 | |
| Stocks | 30/36 | - | €12,236 | +€12,236 | |
| Amounts receivable within one year | 40/41 | €13,927 | €23,606 | +€9,679 | +69.5% |
| Trade receivables | 40 | €13,927 | €23,450 | +€9,523 | +68.4% |
| Other amounts receivable | 41 | - | €156 | +€156 | |
| Cash at bank and in hand | 54/58 | €21,531 | €735 | -€20,797 | -96.6% |
| Total equity and liabilities | 10/49 | €35,459 | €36,576 | +€1,118 | +3.2% |
| Equity | 10/15 | €25,081 | €11 | -€25,071 | -100.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | - | -€6,000 | |
| Other | 1109/19 | €6,000 | - | -€6,000 | |
| Profit (loss) carried forward | 14 | €19,081 | -€5,989 | -€25,071 | |
| Amounts payable | 17/49 | €10,378 | €36,566 | +€26,188 | +252% |
| Amounts payable within one year | 42/48 | €10,378 | €36,566 | +€26,188 | +252% |
| Trade debts | 44 | €4,555 | €31,240 | +€26,685 | +586% |
| Suppliers | 440/4 | €4,555 | €31,240 | +€26,685 | +586% |
| Taxes, remuneration and social security | 45 | €4,073 | €576 | -€3,497 | -85.9% |
| Taxes | 450/3 | €4,073 | €576 | -€3,497 | -85.9% |
| Other amounts payable | 47/48 | €1,750 | €4,750 | +€3,000 | +171% |
| Other operating charges | 640/8 | - | €1,383 | +€1,383 | |
| Gross operating margin | 9900 | €19,089 | -€23,153 | -€42,243 | |
| Operating profit (loss) | 9901 | €19,089 | -€24,537 | -€43,626 | |
| Financial charges | 65/66B | €8 | €534 | +€526 | +6,227% |
| Recurring financial charges | 65 | €8 | €534 | +€526 | +6,227% |
| Profit (loss) for the period before taxes | 9903 | €19,081 | -€25,071 | -€44,152 | |
| Profit (loss) for the period | 9904 | €19,081 | -€25,071 | -€44,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,081 | -€25,071 | -€44,152 |
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 17 October 2026 via checked.be.