Connecting Spaces: 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 Spaces
Largest movements
- Cash -€8,502
down €8,502 (-96.6%), from €8,797 to €295
mainly Net result for the year (-€35,137) and Tax, wage and social debts (-€10,615)
- Receivables within one year +€5,582
up €5,582 (+140%), from €3,990 to €9,572
of which Trade receivables: +€4,935
- Intangible fixed assets -€2,000
down €2,000 (-21.3%), from €9,381 to €7,381
- Deferred charges and accrued income +€428
up €428 (+195%), from €219 to €646
- Profit (loss) carried forward -€35,137
down €35,137 (-87.9%), from -€39,994 to -€75,131
- Other debts +€34,623
up €34,623 (+108%), from €31,954 to €66,577
- Tax, wage and social debts -€10,615
down €10,615 (-99.1%), from €10,708 to €92
of which Taxes: -€6,678
- Trade debts +€6,637
up €6,637 (+593%), from €1,119 to €7,756
- Staff costs +€27,609
up €27,609 (+554%), from €4,986 to €32,596
- Gross operating margin -€4,948
down €4,948 (-48.4%), from €10,223 to €5,275
- Write-downs +€3,990
new in 2025: €3,990
- Depreciation +€1,381
up €1,381 (+223%), from €619 to €2,000
- Financial charges +€763
up €763 (+222%), from €344 to €1,106
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 | €22,387 | €17,895 | -€4,492 | -20.1% |
| Fixed assets | 21/28 | €9,381 | €7,381 | -€2,000 | -21.3% |
| Intangible fixed assets | 21 | €9,381 | €7,381 | -€2,000 | -21.3% |
| Current assets | 29/58 | €13,006 | €10,514 | -€2,492 | -19.2% |
| Amounts receivable within one year | 40/41 | €3,990 | €9,572 | +€5,582 | +140% |
| Trade receivables | 40 | €3,990 | €8,926 | +€4,935 | +124% |
| Other amounts receivable | 41 | €0 | €647 | +€647 | |
| Cash at bank and in hand | 54/58 | €8,797 | €295 | -€8,502 | -96.6% |
| Deferred charges and accrued income | 490/1 | €219 | €646 | +€428 | +195% |
| Total equity and liabilities | 10/49 | €22,387 | €17,895 | -€4,492 | -20.1% |
| Equity | 10/15 | -€21,394 | -€56,531 | -€35,137 | -164% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,994 | -€75,131 | -€35,137 | -87.9% |
| Amounts payable | 17/49 | €43,781 | €74,426 | +€30,645 | +70.0% |
| Amounts payable within one year | 42/48 | €43,781 | €74,426 | +€30,645 | +70.0% |
| Trade debts | 44 | €1,119 | €7,756 | +€6,637 | +593% |
| Suppliers | 440/4 | €1,119 | €7,756 | +€6,637 | +593% |
| Taxes, remuneration and social security | 45 | €10,708 | €92 | -€10,615 | -99.1% |
| Taxes | 450/3 | €6,770 | €92 | -€6,678 | -98.6% |
| Remuneration and social security | 454/9 | €3,938 | €0 | -€3,938 | -100% |
| Other amounts payable | 47/48 | €31,954 | €66,577 | +€34,623 | +108% |
| Remuneration, social security and pensions | 62 | €4,986 | €32,596 | +€27,609 | +554% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619 | €2,000 | +€1,381 | +223% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,990 | +€3,990 | |
| Other operating charges | 640/8 | €636 | €632 | -€3 | -0.5% |
| Gross operating margin | 9900 | €10,223 | €5,275 | -€4,948 | -48.4% |
| Operating profit (loss) | 9901 | €3,982 | -€33,944 | -€37,926 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €344 | €1,106 | +€763 | +222% |
| Recurring financial charges | 65 | €344 | €1,106 | +€763 | +222% |
| Profit (loss) for the period before taxes | 9903 | €3,638 | -€35,050 | -€38,688 | |
| Income taxes | 67/77 | €5 | €87 | +€82 | +1,640% |
| Profit (loss) for the period | 9904 | €3,633 | -€35,137 | -€38,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,633 | -€35,137 | -€38,770 |
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 19 October 2026 via checked.be.