Connectra continental: 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.
Connectra continental
Largest movements
- Tangible fixed assets +€414,805
up €414,805 (+8.0%), from €5.2m to €5.6m
of which Other tangible fixed assets: +€461,179
- Receivables within one year +€58,268
up €58,268 (+155%), from €37,512 to €95,781
of which Other amounts receivable: +€53,886
- Debts after one year +€873,408
up €873,408 (+18.2%), from €4.8m to €5.7m
- Profit (loss) carried forward -€384,869
down €384,869 (-11.1%), from -€3.5m to -€3.9m
- Staff costs +€33,699
new in 2025: €33,699
- Depreciation +€23,285
up €23,285 (+9.2%), from €252,236 to €275,521
- Financial charges +€21,428
up €21,428 (+133%), from €16,065 to €37,493
- Other operating charges -€9,509
no longer reported in 2025 (was €9,509)
- Gross operating margin +€5,125
up €5,125 (+11.7%), from -€43,680 to -€38,554
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 | €5,239,519 | €5,715,460 | +€475,941 | +9.1% |
| Fixed assets | 21/28 | €5,199,954 | €5,614,759 | +€414,805 | +8.0% |
| Tangible fixed assets | 22/27 | €5,199,954 | €5,614,759 | +€414,805 | +8.0% |
| Land and buildings | 22 | €1,743,096 | €1,696,721 | -€46,374 | -2.7% |
| Other tangible fixed assets | 26 | €3,456,858 | €3,918,037 | +€461,179 | +13.3% |
| Current assets | 29/58 | €39,564 | €100,701 | +€61,136 | +155% |
| Amounts receivable within one year | 40/41 | €37,512 | €95,781 | +€58,268 | +155% |
| Trade receivables | 40 | - | €4,382 | +€4,382 | |
| Other amounts receivable | 41 | €37,512 | €91,399 | +€53,886 | +144% |
| Cash at bank and in hand | 54/58 | €2,052 | €3,779 | +€1,727 | +84.2% |
| Deferred charges and accrued income | 490/1 | - | €1,141 | +€1,141 | |
| Total equity and liabilities | 10/49 | €5,239,519 | €5,715,460 | +€475,941 | +9.1% |
| Equity | 10/15 | -€3,146,558 | -€3,531,426 | -€384,869 | -12.2% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €4,249 | €4,249 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,249 | €4,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,469,406 | -€3,854,275 | -€384,869 | -11.1% |
| Amounts payable | 17/49 | €8,386,076 | €9,246,886 | +€860,810 | +10.3% |
| Amounts payable after more than one year | 17 | €4,810,710 | €5,684,118 | +€873,408 | +18.2% |
| Other amounts payable | 178/9 | €4,810,710 | €5,684,118 | +€873,408 | +18.2% |
| Amounts payable within one year | 42/48 | €3,444,100 | €3,415,573 | -€28,528 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €3,246,698 | €3,246,698 | = | 0.0% |
| Trade debts | 44 | €197,402 | €164,546 | -€32,856 | -16.6% |
| Suppliers | 440/4 | €197,402 | €164,546 | -€32,856 | -16.6% |
| Taxes, remuneration and social security | 45 | - | €4,328 | +€4,328 | |
| Remuneration and social security | 454/9 | - | €4,328 | +€4,328 | |
| Accrued charges and deferred income | 492/3 | €131,266 | €147,196 | +€15,930 | +12.1% |
| Remuneration, social security and pensions | 62 | - | €33,699 | +€33,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,236 | €275,521 | +€23,285 | +9.2% |
| Other operating charges | 640/8 | €9,509 | - | -€9,509 | |
| Gross operating margin | 9900 | -€43,680 | -€38,554 | +€5,125 | +11.7% |
| Operating profit (loss) | 9901 | -€305,425 | -€347,774 | -€42,349 | -13.9% |
| Financial income | 75/76B | €20 | €398 | +€378 | +1,891% |
| Recurring financial income | 75 | €20 | €398 | +€378 | +1,891% |
| Financial charges | 65/66B | €16,065 | €37,493 | +€21,428 | +133% |
| Recurring financial charges | 65 | €16,065 | €37,493 | +€21,428 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€321,470 | -€384,869 | -€63,399 | -19.7% |
| Profit (loss) for the period | 9904 | -€321,470 | -€384,869 | -€63,399 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€321,470 | -€384,869 | -€63,399 | -19.7% |
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 25 October 2026 via checked.be.