CONNECTION: 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.
CONNECTION
Largest movements
- Tangible fixed assets -€4,882
down €4,882 (-43.5%), from €11,230 to €6,349
of which Furniture and vehicles: -€3,867
- Cash +€3,141
up €3,141 (+92.9%), from €3,380 to €6,521
mainly Other debts (+€11,512) and Depreciation (+€4,882)
- Receivables within one year -€1,967
down €1,967 (-17.2%), from €11,413 to €9,446
of which Trade receivables: -€2,257
- Deferred charges and accrued income -€973
down €973 (-61.6%), from €1,579 to €606
- Reserves -€18,071
no longer reported in 2025 (was €18,071)
- Other debts +€11,512
up €11,512 (+9077.6%), from €127 to €11,639
- Tax, wage and social debts +€1,084
up €1,084 (+91.4%), from €1,185 to €2,269
- Trade debts +€794
up €794 (+24.7%), from €3,219 to €4,013
- Gross operating margin +€7,025
up €7,025 (+136.4%), from €5,151 to €12,177
- Taxes +€1,388
new in 2025: €1,388
- Write-downs -€302
no longer reported in 2025 (was €302)
- Depreciation +€224
up €224 (+4.8%), from €4,657 to €4,882
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 | €27,602 | €22,921 | -€4,681 | -17.0% |
| Fixed assets | 21/28 | €11,230 | €6,349 | -€4,882 | -43.5% |
| Tangible fixed assets | 22/27 | €11,230 | €6,349 | -€4,882 | -43.5% |
| Plant, machinery and equipment | 23 | €3,368 | €2,353 | -€1,015 | -30.1% |
| Furniture and vehicles | 24 | €7,863 | €3,996 | -€3,867 | -49.2% |
| Current assets | 29/58 | €16,372 | €16,573 | +€201 | +1.2% |
| Amounts receivable within one year | 40/41 | €11,413 | €9,446 | -€1,967 | -17.2% |
| Trade receivables | 40 | €10,341 | €8,084 | -€2,257 | -21.8% |
| Other amounts receivable | 41 | €1,072 | €1,362 | +€290 | +27.1% |
| Cash at bank and in hand | 54/58 | €3,380 | €6,521 | +€3,141 | +92.9% |
| Deferred charges and accrued income | 490/1 | €1,579 | €606 | -€973 | -61.6% |
| Total equity and liabilities | 10/49 | €27,602 | €22,921 | -€4,681 | -17.0% |
| Equity | 10/15 | €23,071 | €5,000 | -€18,071 | -78.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,071 | - | -€18,071 | |
| Distributable reserves | 133 | €18,071 | - | -€18,071 | |
| Amounts payable | 17/49 | €4,531 | €17,921 | +€13,390 | +295.5% |
| Amounts payable within one year | 42/48 | €4,531 | €17,921 | +€13,390 | +295.5% |
| Trade debts | 44 | €3,219 | €4,013 | +€794 | +24.7% |
| Suppliers | 440/4 | €3,219 | €4,013 | +€794 | +24.7% |
| Taxes, remuneration and social security | 45 | €1,185 | €2,269 | +€1,084 | +91.4% |
| Taxes | 450/3 | €1,185 | €2,269 | +€1,084 | +91.4% |
| Other amounts payable | 47/48 | €127 | €11,639 | +€11,512 | +9077.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,657 | €4,882 | +€224 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €302 | - | -€302 | |
| Other operating charges | 640/8 | €1,150 | €1,107 | -€44 | -3.8% |
| Gross operating margin | 9900 | €5,151 | €12,177 | +€7,025 | +136.4% |
| Operating profit (loss) | 9901 | -€958 | €6,188 | +€7,147 | |
| Financial income | 75/76B | €9 | €105 | +€95 | +1053.6% |
| Recurring financial income | 75 | €9 | €105 | +€95 | +1053.6% |
| Financial charges | 65/66B | €462 | €378 | -€84 | -18.2% |
| Recurring financial charges | 65 | €462 | €378 | -€84 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,411 | €5,915 | +€7,326 | |
| Income taxes | 67/77 | - | €1,388 | +€1,388 | |
| Profit (loss) for the period | 9904 | -€1,411 | €4,527 | +€5,938 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,411 | €4,527 | +€5,938 |
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.