CONNECTNOW: 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.
CONNECTNOW
Largest movements
- Cash -€18,728
down €18,728 (-78.5%), from €23,865 to €5,137
mainly Stocks and contracts (-€18,059) and Trade debts (-€8,286)
- Stocks and contracts +€18,059
up €18,059 (+50.6%), from €35,670 to €53,729
- Tangible fixed assets -€4,521
down €4,521 (-32.1%), from €14,092 to €9,571
of which Plant, machinery and equipment: -€2,647
- Receivables within one year +€2,377
up €2,377 (+14.6%), from €16,299 to €18,676
of which Trade receivables: +€9,016
- Profit (loss) carried forward +€9,022
up €9,022 (+80.9%), from -€11,156 to -€2,134
- Trade debts -€8,286
down €8,286 (-49.5%), from €16,744 to €8,458
- Tax, wage and social debts -€6,452
down €6,452 (-55.6%), from €11,596 to €5,144
- Other debts +€2,981
up €2,981 (+54.4%), from €5,480 to €8,460
- Gross operating margin +€28,442
up €28,442, from -€5,202 to €23,240
- Taxes +€11,052
up €11,052, from -€7,701 to €3,352
- Financial charges +€2,074
up €2,074 (+212.0%), from €979 to €3,053
- Other operating charges +€1,936
up €1,936 (+362.0%), from €535 to €2,470
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 | €93,522 | €90,786 | -€2,736 | -2.9% |
| Fixed assets | 21/28 | €14,092 | €9,571 | -€4,521 | -32.1% |
| Tangible fixed assets | 22/27 | €14,092 | €9,571 | -€4,521 | -32.1% |
| Plant, machinery and equipment | 23 | €8,460 | €5,814 | -€2,647 | -31.3% |
| Furniture and vehicles | 24 | €4,648 | €2,881 | -€1,767 | -38.0% |
| Other tangible fixed assets | 26 | €983 | €876 | -€107 | -10.9% |
| Current assets | 29/58 | €79,430 | €81,215 | +€1,785 | +2.2% |
| Stocks and contracts in progress | 3 | €35,670 | €53,729 | +€18,059 | +50.6% |
| Stocks | 30/36 | €35,670 | €53,729 | +€18,059 | +50.6% |
| Amounts receivable within one year | 40/41 | €16,299 | €18,676 | +€2,377 | +14.6% |
| Trade receivables | 40 | €8,805 | €17,821 | +€9,016 | +102.4% |
| Other amounts receivable | 41 | €7,494 | €855 | -€6,639 | -88.6% |
| Cash at bank and in hand | 54/58 | €23,865 | €5,137 | -€18,728 | -78.5% |
| Deferred charges and accrued income | 490/1 | €3,597 | €3,673 | +€76 | +2.1% |
| Total equity and liabilities | 10/49 | €93,522 | €90,786 | -€2,736 | -2.9% |
| Equity | 10/15 | €59,702 | €68,724 | +€9,022 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,658 | €64,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,798 | €62,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,156 | -€2,134 | +€9,022 | +80.9% |
| Amounts payable | 17/49 | €33,820 | €22,062 | -€11,758 | -34.8% |
| Amounts payable within one year | 42/48 | €33,820 | €22,062 | -€11,758 | -34.8% |
| Trade debts | 44 | €16,744 | €8,458 | -€8,286 | -49.5% |
| Suppliers | 440/4 | €16,744 | €8,458 | -€8,286 | -49.5% |
| Taxes, remuneration and social security | 45 | €11,596 | €5,144 | -€6,452 | -55.6% |
| Taxes | 450/3 | €11,596 | €5,144 | -€6,452 | -55.6% |
| Other amounts payable | 47/48 | €5,480 | €8,460 | +€2,981 | +54.4% |
| Non-recurring operating income | 76A | - | €6,052 | +€6,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,874 | €4,973 | +€99 | +2.0% |
| Other operating charges | 640/8 | €535 | €2,470 | +€1,936 | +362.0% |
| Non-recurring operating charges | 66A | - | €454 | +€454 | |
| Gross operating margin | 9900 | -€5,202 | €23,240 | +€28,442 | |
| Operating profit (loss) | 9901 | -€10,610 | €15,343 | +€25,953 | |
| Financial income | 75/76B | €90 | €83 | -€7 | -7.7% |
| Recurring financial income | 75 | €90 | €83 | -€7 | -7.7% |
| Financial charges | 65/66B | €979 | €3,053 | +€2,074 | +212.0% |
| Recurring financial charges | 65 | €979 | €3,053 | +€2,074 | +212.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,499 | €12,373 | +€23,872 | |
| Income taxes | 67/77 | -€7,701 | €3,352 | +€11,052 | |
| Profit (loss) for the period | 9904 | -€3,798 | €9,022 | +€12,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,798 | €9,022 | +€12,820 |
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 5 October 2026 via checked.be.