Connecting.You: 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.You
Largest movements
- Receivables within one year +€66,524
new in 2025: €66,524
of which Other amounts receivable: +€51,725
- Cash -€57,799
down €57,799 (-64.1%), from €90,122 to €32,323
mainly Contributions, distributions and other (-€87,000) and Receivables within one year (-€66,524)
- Tangible fixed assets +€43,647
up €43,647 (+211%), from €20,722 to €64,369
of which Land and buildings: +€57,219
- Receivables after one year -€41,141
no longer reported in 2025 (was €41,141)
- Current investments +€10,034
new in 2025: €10,034
- Profit (loss) carried forward -€78,163
down €78,163 (-99.8%), from €78,347 to €184
- Other debts +€59,400
up €59,400 (+408%), from €14,550 to €73,950
- Debts after one year +€45,055
new in 2025: €45,055
- Trade debts -€12,478
down €12,478 (-84.8%), from €14,711 to €2,233
- Tax, wage and social debts +€11,027
up €11,027 (+69.8%), from €15,800 to €26,827
of which Taxes: +€10,584
- Gross operating margin -€29,092
down €29,092 (-58.7%), from €49,529 to €20,437
- Taxes -€10,549
down €10,549 (-86.0%), from €12,263 to €1,714
- Staff costs +€2,104
up €2,104 (+76.5%), from €2,752 to €4,856
- Financial charges +€1,578
up €1,578 (+1,135%), from €139 to €1,717
- Financial income +€957
new in 2025: €957
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 | €152,102 | €173,250 | +€21,148 | +13.9% |
| Formation expenses | 20 | €117 | €0 | -€117 | -100.0% |
| Fixed assets | 21/28 | €20,722 | €64,369 | +€43,647 | +211% |
| Tangible fixed assets | 22/27 | €20,722 | €64,369 | +€43,647 | +211% |
| Land and buildings | 22 | €5,141 | €62,360 | +€57,219 | +1,113% |
| Plant, machinery and equipment | 23 | €282 | €0 | -€282 | -100.0% |
| Furniture and vehicles | 24 | €4,079 | €2,009 | -€2,070 | -50.8% |
| Assets under construction and advance payments | 27 | €11,220 | - | -€11,220 | |
| Current assets | 29/58 | €131,263 | €108,881 | -€22,382 | -17.1% |
| Amounts receivable after more than one year | 29 | €41,141 | - | -€41,141 | |
| Trade receivables | 290 | €41,141 | - | -€41,141 | |
| Amounts receivable within one year | 40/41 | - | €66,524 | +€66,524 | |
| Trade receivables | 40 | - | €14,799 | +€14,799 | |
| Other amounts receivable | 41 | - | €51,725 | +€51,725 | |
| Current investments | 50/53 | - | €10,034 | +€10,034 | |
| Cash at bank and in hand | 54/58 | €90,122 | €32,323 | -€57,799 | -64.1% |
| Total equity and liabilities | 10/49 | €152,102 | €173,250 | +€21,148 | +13.9% |
| Equity | 10/15 | €104,097 | €25,184 | -€78,913 | -75.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €18,250 | €17,500 | -€750 | -4.1% |
| Non-distributable reserves | 130/1 | €18,250 | - | -€18,250 | |
| Reserves not available under the articles | 1311 | €18,250 | - | -€18,250 | |
| Distributable reserves | 133 | - | €17,500 | +€17,500 | |
| Profit (loss) carried forward | 14 | €78,347 | €184 | -€78,163 | -99.8% |
| Amounts payable | 17/49 | €48,005 | €148,066 | +€100,061 | +208% |
| Amounts payable after more than one year | 17 | - | €45,055 | +€45,055 | |
| Financial debts | 170/4 | - | €45,055 | +€45,055 | |
| Amounts payable within one year | 42/48 | €47,189 | €103,011 | +€55,822 | +118% |
| Financial debts | 43 | €2,128 | - | -€2,128 | |
| Credit institutions | 430/8 | €2,128 | - | -€2,128 | |
| Trade debts | 44 | €14,711 | €2,233 | -€12,478 | -84.8% |
| Suppliers | 440/4 | €14,711 | €2,233 | -€12,478 | -84.8% |
| Taxes, remuneration and social security | 45 | €15,800 | €26,827 | +€11,027 | +69.8% |
| Taxes | 450/3 | €15,800 | €26,384 | +€10,584 | +67.0% |
| Remuneration and social security | 454/9 | - | €443 | +€443 | |
| Other amounts payable | 47/48 | €14,550 | €73,950 | +€59,400 | +408% |
| Accrued charges and deferred income | 492/3 | €816 | - | -€816 | |
| Remuneration, social security and pensions | 62 | €2,752 | €4,856 | +€2,104 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,192 | €4,556 | +€364 | +8.7% |
| Other operating charges | 640/8 | €457 | €463 | +€6 | +1.3% |
| Gross operating margin | 9900 | €49,529 | €20,437 | -€29,092 | -58.7% |
| Operating profit (loss) | 9901 | €42,128 | €10,561 | -€31,567 | -74.9% |
| Financial income | 75/76B | - | €957 | +€957 | |
| Recurring financial income | 75 | - | €957 | +€957 | |
| Financial charges | 65/66B | €139 | €1,717 | +€1,578 | +1,135% |
| Recurring financial charges | 65 | €139 | €1,717 | +€1,578 | +1,135% |
| Profit (loss) for the period before taxes | 9903 | €41,989 | €9,801 | -€32,188 | -76.7% |
| Income taxes | 67/77 | €12,263 | €1,714 | -€10,549 | -86.0% |
| Profit (loss) for the period | 9904 | €29,726 | €8,088 | -€21,638 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,726 | €8,088 | -€21,638 | -72.8% |
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.