Connectum: 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.
Connectum
Largest movements
- Tangible fixed assets -€8,085
down €8,085 (-20.9%), from €38,656 to €30,571
of which Furniture and vehicles: -€7,501
- Cash -€1,566
down €1,566 (-21.9%), from €7,145 to €5,579
mainly Debts after one year (-€8,143) and Contributions, distributions and other (-€4,451)
- Receivables within one year -€1,073
down €1,073 (-4.0%), from €26,655 to €25,582
of which Other amounts receivable: -€1,894
- Deferred charges and accrued income +€773
up €773 (+16.3%), from €4,754 to €5,527
- Debts after one year -€8,143
down €8,143 (-49.1%), from €16,596 to €8,452
- Reserves +€5,052
up €5,052 (+30.9%), from €16,363 to €21,415
- Other debts -€4,049
down €4,049 (-47.6%), from €8,500 to €4,451
- Trade debts -€3,027
down €3,027 (-77.2%), from €3,922 to €895
- Gross operating margin +€11,551
up €11,551 (+86.0%), from €13,433 to €24,984
- Taxes +€2,670
up €2,670 (+188%), from €1,423 to €4,093
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 | €77,210 | €67,258 | -€9,951 | -12.9% |
| Fixed assets | 21/28 | €38,656 | €30,571 | -€8,085 | -20.9% |
| Tangible fixed assets | 22/27 | €38,656 | €30,571 | -€8,085 | -20.9% |
| Land and buildings | 22 | €1,105 | €921 | -€184 | -16.7% |
| Furniture and vehicles | 24 | €34,375 | €26,874 | -€7,501 | -21.8% |
| Other tangible fixed assets | 26 | €3,175 | €2,776 | -€400 | -12.6% |
| Current assets | 29/58 | €38,554 | €36,688 | -€1,866 | -4.8% |
| Amounts receivable within one year | 40/41 | €26,655 | €25,582 | -€1,073 | -4.0% |
| Trade receivables | 40 | €24,761 | €25,582 | +€821 | +3.3% |
| Other amounts receivable | 41 | €1,894 | - | -€1,894 | |
| Cash at bank and in hand | 54/58 | €7,145 | €5,579 | -€1,566 | -21.9% |
| Deferred charges and accrued income | 490/1 | €4,754 | €5,527 | +€773 | +16.3% |
| Total equity and liabilities | 10/49 | €77,210 | €67,258 | -€9,951 | -12.9% |
| Equity | 10/15 | €34,913 | €39,965 | +€5,052 | +14.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,363 | €21,415 | +€5,052 | +30.9% |
| Distributable reserves | 133 | €16,363 | €21,415 | +€5,052 | +30.9% |
| Amounts payable | 17/49 | €42,297 | €27,293 | -€15,004 | -35.5% |
| Amounts payable after more than one year | 17 | €16,596 | €8,452 | -€8,143 | -49.1% |
| Financial debts | 170/4 | €16,596 | €8,452 | -€8,143 | -49.1% |
| Amounts payable within one year | 42/48 | €25,701 | €18,841 | -€6,860 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €7,846 | €8,143 | +€298 | +3.8% |
| Trade debts | 44 | €3,922 | €895 | -€3,027 | -77.2% |
| Suppliers | 440/4 | €3,922 | €895 | -€3,027 | -77.2% |
| Taxes, remuneration and social security | 45 | €5,433 | €5,351 | -€82 | -1.5% |
| Taxes | 450/3 | €5,433 | €5,351 | -€82 | -1.5% |
| Other amounts payable | 47/48 | €8,500 | €4,451 | -€4,049 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,602 | €9,779 | +€177 | +1.8% |
| Other operating charges | 640/8 | €647 | €654 | +€7 | +1.1% |
| Gross operating margin | 9900 | €13,433 | €24,984 | +€11,551 | +86.0% |
| Operating profit (loss) | 9901 | €3,184 | €14,551 | +€11,367 | +357% |
| Financial income | 75/76B | €37 | €4 | -€33 | -88.6% |
| Recurring financial income | 75 | €37 | €4 | -€33 | -88.6% |
| Financial charges | 65/66B | €1,162 | €959 | -€203 | -17.5% |
| Recurring financial charges | 65 | €1,162 | €959 | -€203 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €2,059 | €13,597 | +€11,538 | +560% |
| Income taxes | 67/77 | €1,423 | €4,093 | +€2,670 | +188% |
| Profit (loss) for the period | 9904 | €636 | €9,504 | +€8,868 | +1,395% |
| Profit (loss) for the period to be appropriated | 9905 | €636 | €9,504 | +€8,868 | +1,395% |
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 17 October 2026 via checked.be.