ConnectIT: 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.
ConnectIT
Largest movements
- Receivables within one year +€107,206
up €107,206 (+146.0%), from €73,434 to €180,640
of which Trade receivables: +€59,218
- Tangible fixed assets -€20,146
down €20,146 (-56.4%), from €35,721 to €15,575
of which Furniture and vehicles: -€19,923
- Cash -€9,883
down €9,883 (-44.4%), from €22,265 to €12,382
mainly Receivables within one year (-€107,206) and Debts after one year (-€13,997)
- Reserves +€62,457
up €62,457 (+208.2%), from €30,000 to €92,457
- Tax, wage and social debts +€28,548
up €28,548 (+94.6%), from €30,173 to €58,721
of which Taxes: +€24,743
- Debts after one year -€13,997
down €13,997 (-55.7%), from €25,137 to €11,140
- Gross operating margin -€7,185
down €7,185 (-6.1%), from €118,271 to €111,085
- Depreciation -€6,542
down €6,542 (-24.0%), from €27,278 to €20,736
- Financial income +€3,837
up €3,837 (+47902.2%), from €8 to €3,845
- Other operating charges -€1,913
down €1,913 (-66.2%), from €2,891 to €978
- Financial charges -€1,839
down €1,839 (-42.3%), from €4,349 to €2,510
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 | €131,770 | €208,954 | +€77,184 | +58.6% |
| Fixed assets | 21/28 | €35,721 | €15,575 | -€20,146 | -56.4% |
| Tangible fixed assets | 22/27 | €35,721 | €15,575 | -€20,146 | -56.4% |
| Plant, machinery and equipment | 23 | €991 | €768 | -€223 | -22.5% |
| Furniture and vehicles | 24 | €34,729 | €14,806 | -€19,923 | -57.4% |
| Current assets | 29/58 | €96,049 | €193,379 | +€97,330 | +101.3% |
| Amounts receivable within one year | 40/41 | €73,434 | €180,640 | +€107,206 | +146.0% |
| Trade receivables | 40 | €25,800 | €85,018 | +€59,218 | +229.5% |
| Other amounts receivable | 41 | €47,634 | €95,622 | +€47,988 | +100.7% |
| Cash at bank and in hand | 54/58 | €22,265 | €12,382 | -€9,883 | -44.4% |
| Deferred charges and accrued income | 490/1 | €350 | €358 | +€7 | +2.1% |
| Total equity and liabilities | 10/49 | €131,770 | €208,954 | +€77,184 | +58.6% |
| Equity | 10/15 | €61,260 | €123,717 | +€62,457 | +102.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €92,457 | +€62,457 | +208.2% |
| Distributable reserves | 133 | €30,000 | €92,457 | +€62,457 | +208.2% |
| Profit (loss) carried forward | 14 | €26,260 | €26,260 | = | 0.0% |
| Amounts payable | 17/49 | €70,510 | €85,237 | +€14,727 | +20.9% |
| Amounts payable after more than one year | 17 | €25,137 | €11,140 | -€13,997 | -55.7% |
| Financial debts | 170/4 | €25,137 | €11,140 | -€13,997 | -55.7% |
| Amounts payable within one year | 42/48 | €45,372 | €74,096 | +€28,724 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €13,078 | €13,997 | +€919 | +7.0% |
| Trade debts | 44 | €2,121 | €1,378 | -€743 | -35.0% |
| Suppliers | 440/4 | €2,121 | €1,378 | -€743 | -35.0% |
| Taxes, remuneration and social security | 45 | €30,173 | €58,721 | +€28,548 | +94.6% |
| Taxes | 450/3 | €28,291 | €53,034 | +€24,743 | +87.5% |
| Remuneration and social security | 454/9 | €1,882 | €5,687 | +€3,806 | +202.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,278 | €20,736 | -€6,542 | -24.0% |
| Other operating charges | 640/8 | €2,891 | €978 | -€1,913 | -66.2% |
| Non-recurring operating charges | 66A | - | €706 | +€706 | |
| Gross operating margin | 9900 | €118,271 | €111,085 | -€7,185 | -6.1% |
| Operating profit (loss) | 9901 | €88,101 | €88,664 | +€563 | +0.6% |
| Financial income | 75/76B | €8 | €3,845 | +€3,837 | +47902.2% |
| Recurring financial income | 75 | €8 | €3,845 | +€3,837 | +47902.2% |
| Financial charges | 65/66B | €4,349 | €2,510 | -€1,839 | -42.3% |
| Recurring financial charges | 65 | €4,349 | €2,510 | -€1,839 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €83,760 | €89,999 | +€6,239 | +7.4% |
| Income taxes | 67/77 | €27,500 | €27,543 | +€43 | +0.2% |
| Profit (loss) for the period | 9904 | €56,260 | €62,457 | +€6,197 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,260 | €62,457 | +€6,197 | +11.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.