CONNECTON FASTENERS: 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.
What changed
CONNECTON FASTENERS
NACE 25.930, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.8m-€445,596
Equity
€10.7m
2024 · €9.6m+€1.1m
Cash
€671,343
2024 · €293,349+€377,993
Balance sheet total
€15.1m
2024 · €14.9m+€214,179
Largest movements
Assets
- Cash +€377,993
up €377,993 (+129%), from €293,349 to €671,343
mainly Net result for the year (+€1.4m) and Depreciation (+€1.1m)
- Stocks and contracts +€286,065
up €286,065 (+5.0%), from €5.7m to €6.0m
- Tangible fixed assets -€221,713
down €221,713 (-4.8%), from €4.6m to €4.4m
of which Assets under construction and advance payments: -€202,763
- Intangible fixed assets -€192,240
down €192,240 (-23.8%), from €806,066 to €613,826
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+13.1%), from €8.3m to €9.4m
of which Distributable reserves: +€1.1m
- Other debts -€625,000
down €625,000 (-100%), from €625,000 to €0
- Trade debts +€386,355
up €386,355 (+15.9%), from €2.4m to €2.8m
- Debts after one year -€345,237
down €345,237 (-36.9%), from €934,542 to €589,306
- Tax, wage and social debts -€181,280
down €181,280 (-23.5%), from €772,985 to €591,705
of which Taxes: -€245,511
Income statement
- Turnover +€715,911
up €715,911 (+3.0%), from €23.6m to €24.3m
- Services and other goods +€575,644
up €575,644 (+14.9%), from €3.9m to €4.4m
- Goods and materials +€421,088
up €421,088 (+3.4%), from €12.3m to €12.7m
of which Purchases: +€919,733
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.
Result 2024
€1.8m
Turnover
+€715,911
Other operating income
-€9,693
Goods and materials
-€421,088
Services and other goods
-€575,644
Staff costs
-€168,951
Depreciation
-€102,588
Write-downs
+€97,431
Other operating charges
-€20,386
Other operating items
+€187,289
Financial income
-€70,682
Financial charges
+€16,348
Taxes
-€92,430
Deferred taxes and other
-€1,113
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€722,670
Financing
-€660,875
Cash 2024
€293,349
From operations (derived)
+€1.8m
Net result for the year
+€1.4m
Depreciation
+€1.1m
Stocks and contracts
-€286,065
Receivables within one year
+€114,550
Deferred charges and accrued income
-€77,097
Trade debts
+€386,355
Tax, wage and social debts
-€181,280
Other debts
-€625,000
Accrued charges and deferred income
-€93,259
Investment (derived)
-€722,670
Investment in fixed assets (net)
-€722,670
Financing
-€660,875
Debts after one year
-€345,237
Current portion of long-term debt
-€7,440
Contributions, distributions and other
-€308,198
Cash 2025
€671,343
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,875,835 | €15,090,013 | +€214,179 | +1.4% |
| Fixed assets | 21/28 | €5,448,389 | €5,035,963 | -€412,426 | -7.6% |
| Intangible fixed assets | 21 | €806,066 | €613,826 | -€192,240 | -23.8% |
| Tangible fixed assets | 22/27 | €4,638,608 | €4,416,895 | -€221,713 | -4.8% |
| Land and buildings | 22 | €1,447,644 | €1,371,806 | -€75,838 | -5.2% |
| Plant, machinery and equipment | 23 | €2,686,416 | €2,706,907 | +€20,491 | +0.8% |
| Furniture and vehicles | 24 | €258,003 | €294,400 | +€36,398 | +14.1% |
| Assets under construction and advance payments | 27 | €246,545 | €43,782 | -€202,763 | -82.2% |
| Financial fixed assets | 28 | €3,715 | €5,242 | +€1,527 | +41.1% |
| Other financial fixed assets | 284/8 | €3,715 | €5,242 | +€1,527 | +41.1% |
| Amounts receivable and cash guarantees | 285/8 | €3,715 | €5,242 | +€1,527 | +41.1% |
| Current assets | 29/58 | €9,427,446 | €10,054,050 | +€626,604 | +6.6% |
| Amounts receivable after more than one year | 29 | €18,221 | €18,221 | = | 0.0% |
| Trade receivables | 290 | €18,221 | €18,221 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,736,119 | €6,022,184 | +€286,065 | +5.0% |
| Stocks | 30/36 | €5,736,119 | €6,022,184 | +€286,065 | +5.0% |
| Raw materials and consumables | 30/31 | €2,581,494 | €2,740,365 | +€158,871 | +6.2% |
| Work in progress | 32 | €163,524 | €48,427 | -€115,097 | -70.4% |
| Finished goods | 33 | €2,005,820 | €1,957,026 | -€48,794 | -2.4% |
| Goods purchased for resale | 34 | €985,282 | €1,276,366 | +€291,084 | +29.5% |
| Amounts receivable within one year | 40/41 | €3,375,284 | €3,260,733 | -€114,550 | -3.4% |
| Trade receivables | 40 | €3,040,126 | €3,038,642 | -€1,484 | 0.0% |
| Other amounts receivable | 41 | €335,157 | €222,091 | -€113,066 | -33.7% |
| Cash at bank and in hand | 54/58 | €293,349 | €671,343 | +€377,993 | +129% |
| Deferred charges and accrued income | 490/1 | €4,472 | €81,569 | +€77,097 | +1,724% |
| Total equity and liabilities | 10/49 | €14,875,835 | €15,090,013 | +€214,179 | +1.4% |
| Equity | 10/15 | €9,641,422 | €10,721,462 | +€1.1m | +11.2% |
| Contributions | 10/11 | €1,291,487 | €1,291,487 | = | 0.0% |
| Capital | 10 | €1,291,487 | €1,291,487 | = | 0.0% |
| Issued capital | 100 | €1,291,487 | €1,291,487 | = | 0.0% |
| Reserves | 13 | €8,319,004 | €9,407,242 | +€1.1m | +13.1% |
| Non-distributable reserves | 130/1 | €142,428 | €142,428 | = | 0.0% |
| Legal reserve | 130 | €129,149 | €129,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,280 | €13,280 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,480 | €30,480 | = | 0.0% |
| Distributable reserves | 133 | €8,146,096 | €9,234,334 | +€1.1m | +13.4% |
| Investment grants | 15 | €30,930 | €22,732 | -€8,198 | -26.5% |
| Provisions and deferred taxes | 16 | €15,308 | €15,308 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,000 | €15,000 | = | 0.0% |
| Deferred taxes | 168 | €308 | €308 | = | 0.0% |
| Amounts payable | 17/49 | €5,219,105 | €4,353,243 | -€865,862 | -16.6% |
| Amounts payable after more than one year | 17 | €934,542 | €589,306 | -€345,237 | -36.9% |
| Financial debts | 170/4 | €934,542 | €589,306 | -€345,237 | -36.9% |
| Credit institutions | 173 | €934,542 | €589,306 | -€345,237 | -36.9% |
| Amounts payable within one year | 42/48 | €4,181,297 | €3,753,931 | -€427,366 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €352,677 | €345,237 | -€7,440 | -2.1% |
| Trade debts | 44 | €2,430,634 | €2,816,989 | +€386,355 | +15.9% |
| Suppliers | 440/4 | €2,430,634 | €2,816,989 | +€386,355 | +15.9% |
| Taxes, remuneration and social security | 45 | €772,985 | €591,705 | -€181,280 | -23.5% |
| Taxes | 450/3 | €313,572 | €68,061 | -€245,511 | -78.3% |
| Remuneration and social security | 454/9 | €459,413 | €523,645 | +€64,231 | +14.0% |
| Other amounts payable | 47/48 | €625,000 | €0 | -€625,000 | -100% |
| Accrued charges and deferred income | 492/3 | €103,266 | €10,007 | -€93,259 | -90.3% |
| Operating income | 70/76A | €23,536,645 | €24,363,443 | +€826,798 | +3.5% |
| Turnover | 70 | €23,563,846 | €24,279,757 | +€715,911 | +3.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€273,350 | -€163,891 | +€109,459 | +40.0% |
| Other operating income | 74 | €151,149 | €141,456 | -€9,693 | -6.4% |
| Non-recurring operating income | 76A | €95,000 | €106,121 | +€11,121 | +11.7% |
| Operating charges | 60/66A | €21,211,538 | €22,336,054 | +€1.1m | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €12,316,360 | €12,737,449 | +€421,088 | +3.4% |
| Purchases | 600/8 | €12,161,931 | €13,081,664 | +€919,733 | +7.6% |
| Change in stocks: decrease (increase) | 609 | €154,429 | -€344,215 | -€498,644 | |
| Services and other goods | 61 | €3,866,572 | €4,442,216 | +€575,644 | +14.9% |
| Remuneration, social security and pensions | 62 | €3,697,641 | €3,866,591 | +€168,951 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032,508 | €1,135,096 | +€102,588 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,191 | -€98,622 | -€97,431 | -8,181% |
| Other operating charges | 640/8 | €94,648 | €115,034 | +€20,386 | +21.5% |
| Non-recurring operating charges | 66A | €205,000 | €138,291 | -€66,709 | -32.5% |
| Operating profit (loss) | 9901 | €2,325,108 | €2,027,389 | -€297,718 | -12.8% |
| Financial income | 75/76B | €113,468 | €42,787 | -€70,682 | -62.3% |
| Recurring financial income | 75 | €113,468 | €42,787 | -€70,682 | -62.3% |
| Income from current assets | 751 | €18,055 | €0 | -€18,055 | -100% |
| Other financial income | 752/9 | €95,413 | €42,787 | -€52,627 | -55.2% |
| Financial charges | 65/66B | €210,170 | €193,823 | -€16,348 | -7.8% |
| Recurring financial charges | 65 | €210,170 | €193,823 | -€16,348 | -7.8% |
| Debt charges | 650 | €92,909 | €56,887 | -€36,023 | -38.8% |
| Other financial charges | 652/9 | €117,261 | €136,936 | +€19,675 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €2,228,406 | €1,876,353 | -€352,053 | -15.8% |
| Transfer from deferred taxes | 780 | €1,113 | €0 | -€1,113 | -100% |
| Income taxes | 67/77 | €395,685 | €488,115 | +€92,430 | +23.4% |
| Taxes | 670/3 | €396,010 | €488,948 | +€92,939 | +23.5% |
| Tax adjustments and reversals of tax provisions | 77 | €325 | €833 | +€509 | +157% |
| Profit (loss) for the period | 9904 | €1,833,834 | €1,388,238 | -€445,596 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,833,834 | €1,388,238 | -€445,596 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.