CONNECTION: what changed
Two fiscal 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
- Cash +€5,724
up €5,724 (+1237.2%), from €463 to €6,187
mainly Contributions, distributions and other (+€6,200) and Trade debts (+€4,167)
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Profit (loss) carried forward -€5,060
down €5,060 (-25.7%), from -€19,665 to -€24,724
- Trade debts +€4,167
up €4,167 (+692.9%), from €601 to €4,768
- Other debts +€417
up €417 (+5.9%), from €7,126 to €7,543
- Gross operating margin -€3,973
down €3,973 (-660.6%), from -€601 to -€4,574
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 | €463 | €6,187 | +€5,724 | +1237.2% |
| Current assets | 29/58 | €463 | €6,187 | +€5,724 | +1237.2% |
| Cash at bank and in hand | 54/58 | €463 | €6,187 | +€5,724 | +1237.2% |
| Total equity and liabilities | 10/49 | €463 | €6,187 | +€5,724 | +1237.2% |
| Equity | 10/15 | -€7,265 | -€6,124 | +€1,140 | +15.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Profit (loss) carried forward | 14 | -€19,665 | -€24,724 | -€5,060 | -25.7% |
| Amounts payable | 17/49 | €7,727 | €12,311 | +€4,584 | +59.3% |
| Amounts payable within one year | 42/48 | €7,727 | €12,311 | +€4,584 | +59.3% |
| Trade debts | 44 | €601 | €4,768 | +€4,167 | +692.9% |
| Suppliers | 440/4 | €601 | €4,768 | +€4,167 | +692.9% |
| Other amounts payable | 47/48 | €7,126 | €7,543 | +€417 | +5.9% |
| Other operating charges | 640/8 | €387 | €411 | +€24 | +6.2% |
| Gross operating margin | 9900 | -€601 | -€4,574 | -€3,973 | -660.6% |
| Operating profit (loss) | 9901 | -€989 | -€4,985 | -€3,996 | -404.2% |
| Financial charges | 65/66B | €70 | €75 | +€5 | +6.8% |
| Recurring financial charges | 65 | €70 | €75 | +€5 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,059 | -€5,060 | -€4,001 | -378.0% |
| Profit (loss) for the period | 9904 | -€1,059 | -€5,060 | -€4,001 | -378.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,059 | -€5,060 | -€4,001 | -378.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.