CONNECTO: 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.
CONNECTO
Largest movements
- Cash +€97,955
up €97,955 (+11.9%), from €825,900 to €923,855
mainly Other debts (+€271,191) and Net result for the year (+€164,434)
- Stocks and contracts -€15,585
down €15,585 (-44.5%), from €35,000 to €19,415
- Other debts +€271,191
up €271,191 (+255%), from €106,491 to €377,683
- Reserves -€211,818
down €211,818 (-24.8%), from €853,013 to €641,195
of which Distributable reserves: -€208,719
- Trade debts +€47,978
up €47,978 (+271%), from €17,711 to €65,689
- Accrued charges and deferred income -€43,223
down €43,223 (-33.1%), from €130,549 to €87,326
- Tax, wage and social debts +€24,046
up €24,046 (+92.2%), from €26,082 to €50,128
of which Taxes: +€23,732
- Gross operating margin -€139,461
down €139,461 (-36.1%), from €386,057 to €246,597
- Taxes -€44,204
down €44,204 (-38.3%), from €115,357 to €71,153
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.
Derived cash bridge
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 | €1,165,421 | €1,240,571 | +€75,151 | +6.4% |
| Fixed assets | 21/28 | €35,516 | €33,064 | -€2,452 | -6.9% |
| Tangible fixed assets | 22/27 | €32,776 | €23,904 | -€8,872 | -27.1% |
| Furniture and vehicles | 24 | €32,776 | €23,904 | -€8,872 | -27.1% |
| Financial fixed assets | 28 | €2,740 | €9,160 | +€6,420 | +234% |
| Current assets | 29/58 | €1,129,904 | €1,207,507 | +€77,603 | +6.9% |
| Stocks and contracts in progress | 3 | €35,000 | €19,415 | -€15,585 | -44.5% |
| Stocks | 30/36 | €35,000 | €19,415 | -€15,585 | -44.5% |
| Amounts receivable within one year | 40/41 | €263,397 | €253,812 | -€9,585 | -3.6% |
| Trade receivables | 40 | €238,666 | €210,724 | -€27,942 | -11.7% |
| Other amounts receivable | 41 | €24,731 | €43,088 | +€18,357 | +74.2% |
| Cash at bank and in hand | 54/58 | €825,900 | €923,855 | +€97,955 | +11.9% |
| Deferred charges and accrued income | 490/1 | €5,607 | €10,425 | +€4,818 | +85.9% |
| Total equity and liabilities | 10/49 | €1,165,421 | €1,240,571 | +€75,151 | +6.4% |
| Equity | 10/15 | €871,563 | €659,745 | -€211,818 | -24.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €853,013 | €641,195 | -€211,818 | -24.8% |
| Non-distributable reserves | 130/1 | €3,099 | €0 | -€3,099 | -100% |
| Reserves not available under the articles | 1311 | €3,099 | €0 | -€3,099 | -100% |
| Distributable reserves | 133 | €849,914 | €641,195 | -€208,719 | -24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,858 | €580,826 | +€286,968 | +97.7% |
| Amounts payable within one year | 42/48 | €163,309 | €493,500 | +€330,191 | +202% |
| Financial debts | 43 | €13,024 | €0 | -€13,024 | -100% |
| Credit institutions | 430/8 | €13,024 | €0 | -€13,024 | -100% |
| Trade debts | 44 | €17,711 | €65,689 | +€47,978 | +271% |
| Suppliers | 440/4 | €17,711 | €65,689 | +€47,978 | +271% |
| Taxes, remuneration and social security | 45 | €26,082 | €50,128 | +€24,046 | +92.2% |
| Taxes | 450/3 | €19,398 | €43,130 | +€23,732 | +122% |
| Remuneration and social security | 454/9 | €6,684 | €6,998 | +€314 | +4.7% |
| Other amounts payable | 47/48 | €106,491 | €377,683 | +€271,191 | +255% |
| Accrued charges and deferred income | 492/3 | €130,549 | €87,326 | -€43,223 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,872 | €8,872 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,624 | €1,849 | -€775 | -29.5% |
| Gross operating margin | 9900 | €386,057 | €246,597 | -€139,461 | -36.1% |
| Operating profit (loss) | 9901 | €374,561 | €235,875 | -€138,686 | -37.0% |
| Financial income | 75/76B | €835 | €1,894 | +€1,059 | +127% |
| Recurring financial income | 75 | €835 | €1,894 | +€1,059 | +127% |
| Financial charges | 65/66B | €1,478 | €2,183 | +€705 | +47.7% |
| Recurring financial charges | 65 | €1,478 | €2,183 | +€705 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €373,918 | €235,587 | -€138,331 | -37.0% |
| Income taxes | 67/77 | €115,357 | €71,153 | -€44,204 | -38.3% |
| Profit (loss) for the period | 9904 | €258,561 | €164,434 | -€94,127 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €258,561 | €164,434 | -€94,127 | -36.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.