CONNECTON: 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.
CONNECTON
Largest movements
- Cash +€41,568
up €41,568 (+26.5%), from €156,605 to €198,174
mainly Other debts (+€56,306) and Net result for the year (+€54,144)
- Other debts +€56,306
up €56,306 (+465.1%), from €12,107 to €68,413
- Debts after one year -€55,836
down €55,836 (-13.7%), from €407,519 to €351,683
- Trade debts +€34,740
up €34,740 (+6299.4%), from €551 to €35,292
- Depreciation -€9,288
down €9,288 (-16.7%), from €55,502 to €46,213
- Gross operating margin +€2,736
up €2,736 (+1.9%), from €147,580 to €150,316
- Other operating charges +€2,003
up €2,003 (+54.9%), from €3,648 to €5,651
- Taxes +€1,816
up €1,816 (+6.9%), from €26,337 to €28,153
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.
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 | €710,462 | €744,891 | +€34,430 | +4.8% |
| Fixed assets | 21/28 | €552,604 | €545,412 | -€7,192 | -1.3% |
| Tangible fixed assets | 22/27 | €552,604 | €545,412 | -€7,192 | -1.3% |
| Land and buildings | 22 | €548,412 | €512,298 | -€36,113 | -6.6% |
| Furniture and vehicles | 24 | €2,835 | €33,114 | +€30,279 | +1068.2% |
| Other tangible fixed assets | 26 | €1,358 | €0 | -€1,358 | -100.0% |
| Current assets | 29/58 | €157,857 | €199,479 | +€41,622 | +26.4% |
| Cash at bank and in hand | 54/58 | €156,605 | €198,174 | +€41,568 | +26.5% |
| Deferred charges and accrued income | 490/1 | €1,252 | €1,306 | +€54 | +4.3% |
| Total equity and liabilities | 10/49 | €710,462 | €744,891 | +€34,430 | +4.8% |
| Equity | 10/15 | €217,906 | €215,351 | -€2,554 | -1.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €210,906 | €208,351 | -€2,554 | -1.2% |
| Distributable reserves | 133 | €210,906 | €208,351 | -€2,554 | -1.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €492,556 | €529,540 | +€36,984 | +7.5% |
| Amounts payable after more than one year | 17 | €407,519 | €351,683 | -€55,836 | -13.7% |
| Financial debts | 170/4 | €407,519 | €351,683 | -€55,836 | -13.7% |
| Amounts payable within one year | 42/48 | €84,275 | €175,049 | +€90,774 | +107.7% |
| Current portion of amounts payable after more than one year | 42 | €55,836 | €55,836 | = | 0.0% |
| Trade debts | 44 | €551 | €35,292 | +€34,740 | +6299.4% |
| Suppliers | 440/4 | €551 | €35,292 | +€34,740 | +6299.4% |
| Taxes, remuneration and social security | 45 | €15,781 | €15,508 | -€273 | -1.7% |
| Taxes | 450/3 | €15,781 | €15,508 | -€273 | -1.7% |
| Other amounts payable | 47/48 | €12,107 | €68,413 | +€56,306 | +465.1% |
| Accrued charges and deferred income | 492/3 | €762 | €2,808 | +€2,046 | +268.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,502 | €46,213 | -€9,288 | -16.7% |
| Other operating charges | 640/8 | €3,648 | €5,651 | +€2,003 | +54.9% |
| Gross operating margin | 9900 | €147,580 | €150,316 | +€2,736 | +1.9% |
| Operating profit (loss) | 9901 | €88,430 | €98,452 | +€10,022 | +11.3% |
| Financial income | 75/76B | €1,441 | €746 | -€694 | -48.2% |
| Recurring financial income | 75 | €441 | €746 | +€306 | +69.3% |
| Non-recurring financial income | 76B | €1,000 | €0 | -€1,000 | -100.0% |
| Financial charges | 65/66B | €16,304 | €16,900 | +€596 | +3.7% |
| Recurring financial charges | 65 | €16,304 | €16,900 | +€596 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €73,567 | €82,298 | +€8,731 | +11.9% |
| Income taxes | 67/77 | €26,337 | €28,153 | +€1,816 | +6.9% |
| Profit (loss) for the period | 9904 | €47,230 | €54,144 | +€6,914 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,230 | €54,144 | +€6,914 | +14.6% |
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 4 October 2026 via checked.be.