CONNECTIS: 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.
CONNECTIS
Largest movements
- Financial fixed assets +€490,788
up €490,788 (+270.2%), from €181,622 to €672,410
- Receivables within one year -€400,063
down €400,063 (-38.5%), from €1.0m to €638,226
of which Trade receivables: -€407,388
- Tangible fixed assets -€92,261
down €92,261 (-34.7%), from €265,587 to €173,326
of which Furniture and vehicles: -€74,916
- Intangible fixed assets -€78,877
down €78,877 (-82.7%), from €95,327 to €16,450
- Deferred charges and accrued income -€39,005
down €39,005 (-29.0%), from €134,514 to €95,510
- Profit (loss) carried forward -€1.5m
down €1.5m (-79.8%), from -€1.8m to -€3.3m
- Contributions +€1.0m
up €1.0m (+50.5%), from €2.0m to €3.0m
of which Capital: +€1.0m
- Debts after one year +€209,071
up €209,071 (+19.9%), from €1.1m to €1.3m
- Current portion of long-term debt +€143,955
up €143,955 (+185.8%), from €77,474 to €221,429
- Trade debts -€105,502
down €105,502 (-30.4%), from €346,679 to €241,177
- Staff costs -€795,063
down €795,063 (-34.5%), from €2.3m to €1.5m
- Gross operating margin -€575,054
down €575,054 (-51.2%), from €1.1m to €547,725
- Depreciation -€152,687
down €152,687 (-44.5%), from €343,041 to €190,354
- Financial income -€145,243
down €145,243 (-98.4%), from €147,543 to €2,300
- Financial charges +€93,636
up €93,636 (+84.0%), from €111,480 to €205,116
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 | €1,857,943 | €1,706,601 | -€151,342 | -8.1% |
| Formation expenses | 20 | €4,219 | €3,222 | -€997 | -23.6% |
| Fixed assets | 21/28 | €542,537 | €862,186 | +€319,649 | +58.9% |
| Intangible fixed assets | 21 | €95,327 | €16,450 | -€78,877 | -82.7% |
| Tangible fixed assets | 22/27 | €265,587 | €173,326 | -€92,261 | -34.7% |
| Plant, machinery and equipment | 23 | €1,731 | €1,151 | -€580 | -33.5% |
| Furniture and vehicles | 24 | €229,307 | €154,390 | -€74,916 | -32.7% |
| Other tangible fixed assets | 26 | €11,558 | €8,226 | -€3,332 | -28.8% |
| Assets under construction and advance payments | 27 | €22,992 | €9,559 | -€13,433 | -58.4% |
| Financial fixed assets | 28 | €181,622 | €672,410 | +€490,788 | +270.2% |
| Current assets | 29/58 | €1,311,187 | €841,194 | -€469,994 | -35.8% |
| Stocks and contracts in progress | 3 | €11,377 | - | -€11,377 | |
| Stocks | 30/36 | €11,377 | - | -€11,377 | |
| Amounts receivable within one year | 40/41 | €1,038,289 | €638,226 | -€400,063 | -38.5% |
| Trade receivables | 40 | €867,431 | €460,042 | -€407,388 | -47.0% |
| Other amounts receivable | 41 | €170,858 | €178,184 | +€7,326 | +4.3% |
| Cash at bank and in hand | 54/58 | €127,008 | €107,458 | -€19,550 | -15.4% |
| Deferred charges and accrued income | 490/1 | €134,514 | €95,510 | -€39,005 | -29.0% |
| Total equity and liabilities | 10/49 | €1,857,943 | €1,706,601 | -€151,342 | -8.1% |
| Equity | 10/15 | €178,597 | -€290,492 | -€469,089 | |
| Contributions | 10/11 | €1,979,049 | €2,979,049 | +€1.0m | +50.5% |
| Capital | 10 | €1,609,846 | €2,609,846 | +€1.0m | +62.1% |
| Issued capital | 100 | €1,609,846 | €2,609,846 | +€1.0m | +62.1% |
| Outside capital | 11 | €369,203 | €369,203 | = | 0.0% |
| Share premium | 1100/10 | €369,203 | €369,203 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,840,452 | -€3,309,541 | -€1.5m | -79.8% |
| Amounts payable | 17/49 | €1,679,346 | €1,997,093 | +€317,747 | +18.9% |
| Amounts payable after more than one year | 17 | €1,051,309 | €1,260,380 | +€209,071 | +19.9% |
| Financial debts | 170/4 | €1,051,309 | €1,260,380 | +€209,071 | +19.9% |
| Amounts payable within one year | 42/48 | €545,044 | €640,125 | +€95,081 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €77,474 | €221,429 | +€143,955 | +185.8% |
| Trade debts | 44 | €346,679 | €241,177 | -€105,502 | -30.4% |
| Suppliers | 440/4 | €346,679 | €241,177 | -€105,502 | -30.4% |
| Taxes, remuneration and social security | 45 | €105,081 | €161,708 | +€56,628 | +53.9% |
| Taxes | 450/3 | €59,999 | €49,326 | -€10,674 | -17.8% |
| Remuneration and social security | 454/9 | €45,081 | €112,383 | +€67,302 | +149.3% |
| Other amounts payable | 47/48 | €15,810 | €15,810 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €82,993 | €96,588 | +€13,595 | +16.4% |
| Non-recurring operating income | 76A | €114,719 | €42,916 | -€71,803 | -62.6% |
| Remuneration, social security and pensions | 62 | €2,307,192 | €1,512,129 | -€795,063 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,041 | €190,354 | -€152,687 | -44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,423 | +€9,423 | |
| Other operating charges | 640/8 | €29,856 | €32,085 | +€2,228 | +7.5% |
| Non-recurring operating charges | 66A | - | €66,541 | +€66,541 | |
| Gross operating margin | 9900 | €1,122,779 | €547,725 | -€575,054 | -51.2% |
| Operating profit (loss) | 9901 | -€1,557,310 | -€1,262,807 | +€294,503 | +18.9% |
| Financial income | 75/76B | €147,543 | €2,300 | -€145,243 | -98.4% |
| Recurring financial income | 75 | €147,543 | €2,300 | -€145,243 | -98.4% |
| Financial charges | 65/66B | €111,480 | €205,116 | +€93,636 | +84.0% |
| Recurring financial charges | 65 | €111,480 | €205,116 | +€93,636 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,521,247 | -€1,465,623 | +€55,624 | +3.7% |
| Income taxes | 67/77 | €6,099 | €3,466 | -€2,633 | -43.2% |
| Profit (loss) for the period | 9904 | -€1,527,346 | -€1,469,089 | +€58,257 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,527,346 | -€1,469,089 | +€58,257 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.