Connectivity Solutions: 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.
Connectivity Solutions
Largest movements
- Receivables within one year +€122,352
up €122,352 (+42.1%), from €290,335 to €412,687
of which Trade receivables: +€61,966
- Stocks and contracts +€32,101
up €32,101 (+37.6%), from €85,325 to €117,426
- Cash +€16,064
up €16,064 (+11.1%), from €144,854 to €160,919
mainly Trade debts (+€128,372) and Net result for the year (+€72,741)
- Tangible fixed assets -€13,783
down €13,783 (-21.1%), from €65,184 to €51,401
of which Furniture and vehicles: -€20,171
- Trade debts +€128,372
up €128,372 (+379%), from €33,912 to €162,284
- Tax, wage and social debts +€49,076
up €49,076 (+48.9%), from €100,418 to €149,493
of which Taxes: +€63,937
- Profit (loss) carried forward -€28,016
down €28,016 (-7.3%), from €382,880 to €354,864
- Current portion of long-term debt +€7,540
up €7,540 (+49.9%), from €15,105 to €22,645
- Staff costs +€73,900
up €73,900 (+12.8%), from €579,416 to €653,316
- Taxes -€26,876
down €26,876 (-52.7%), from €51,030 to €24,154
- Gross operating margin -€10,189
down €10,189 (-1.3%), from €807,580 to €797,391
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €587,438 | €747,834 | +€160,396 | +27.3% |
| Fixed assets | 21/28 | €65,184 | €51,401 | -€13,783 | -21.1% |
| Tangible fixed assets | 22/27 | €65,184 | €51,401 | -€13,783 | -21.1% |
| Plant, machinery and equipment | 23 | €6,399 | €12,788 | +€6,388 | +99.8% |
| Furniture and vehicles | 24 | €58,785 | €38,614 | -€20,171 | -34.3% |
| Current assets | 29/58 | €522,254 | €696,432 | +€174,178 | +33.4% |
| Stocks and contracts in progress | 3 | €85,325 | €117,426 | +€32,101 | +37.6% |
| Stocks | 30/36 | €85,325 | €117,426 | +€32,101 | +37.6% |
| Amounts receivable within one year | 40/41 | €290,335 | €412,687 | +€122,352 | +42.1% |
| Trade receivables | 40 | €262,519 | €324,485 | +€61,966 | +23.6% |
| Other amounts receivable | 41 | €27,815 | €88,201 | +€60,386 | +217% |
| Cash at bank and in hand | 54/58 | €144,854 | €160,919 | +€16,064 | +11.1% |
| Deferred charges and accrued income | 490/1 | €1,740 | €5,401 | +€3,661 | +210% |
| Total equity and liabilities | 10/49 | €587,438 | €747,834 | +€160,396 | +27.3% |
| Equity | 10/15 | €403,331 | €375,315 | -€28,016 | -6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,880 | €354,864 | -€28,016 | -7.3% |
| Amounts payable | 17/49 | €184,107 | €372,519 | +€188,412 | +102% |
| Amounts payable after more than one year | 17 | €19,166 | €25,662 | +€6,496 | +33.9% |
| Financial debts | 170/4 | €19,166 | €25,662 | +€6,496 | +33.9% |
| Amounts payable within one year | 42/48 | €162,440 | €346,124 | +€183,684 | +113% |
| Current portion of amounts payable after more than one year | 42 | €15,105 | €22,645 | +€7,540 | +49.9% |
| Financial debts | 43 | €13,006 | €11,702 | -€1,304 | -10.0% |
| Credit institutions | 430/8 | €13,006 | €11,702 | -€1,304 | -10.0% |
| Trade debts | 44 | €33,912 | €162,284 | +€128,372 | +379% |
| Suppliers | 440/4 | €33,912 | €162,284 | +€128,372 | +379% |
| Taxes, remuneration and social security | 45 | €100,418 | €149,493 | +€49,076 | +48.9% |
| Taxes | 450/3 | €32,268 | €96,205 | +€63,937 | +198% |
| Remuneration and social security | 454/9 | €68,150 | €53,288 | -€14,862 | -21.8% |
| Accrued charges and deferred income | 492/3 | €2,500 | €732 | -€1,768 | -70.7% |
| Remuneration, social security and pensions | 62 | €579,416 | €653,316 | +€73,900 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,146 | €34,606 | -€5,540 | -13.8% |
| Other operating charges | 640/8 | €7,261 | €7,682 | +€421 | +5.8% |
| Non-recurring operating charges | 66A | €12,509 | - | -€12,509 | |
| Gross operating margin | 9900 | €807,580 | €797,391 | -€10,189 | -1.3% |
| Operating profit (loss) | 9901 | €168,247 | €101,787 | -€66,460 | -39.5% |
| Financial income | 75/76B | €812 | €325 | -€486 | -59.9% |
| Recurring financial income | 75 | €812 | €325 | -€486 | -59.9% |
| Financial charges | 65/66B | €4,327 | €5,217 | +€890 | +20.6% |
| Recurring financial charges | 65 | €4,327 | €5,217 | +€890 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €164,732 | €96,895 | -€67,836 | -41.2% |
| Income taxes | 67/77 | €51,030 | €24,154 | -€26,876 | -52.7% |
| Profit (loss) for the period | 9904 | €113,701 | €72,741 | -€40,960 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,701 | €72,741 | -€40,960 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.