CONNECTUS: 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.
CONNECTUS
Largest movements
- Cash -€57,076
down €57,076 (-36.0%), from €158,551 to €101,475
mainly Contributions, distributions and other (-€218,000) and Trade debts (-€17,336)
- Receivables within one year +€17,139
up €17,139 (+6.2%), from €275,895 to €293,034
of which Other amounts receivable: +€21,519
- Reserves -€156,750
down €156,750 (-48.6%), from €322,760 to €166,010
- Other debts +€142,267
up €142,267 (+178%), from €79,731 to €221,998
- Trade debts -€17,336
down €17,336 (-72.3%), from €23,988 to €6,653
- Current portion of long-term debt -€7,895
down €7,895 (-92.2%), from €8,565 to €670
- Gross operating margin +€7,359
up €7,359 (+8.5%), from €86,524 to €93,883
- Depreciation -€2,160
down €2,160 (-27.5%), from €7,857 to €5,697
- Other operating charges +€1,824
up €1,824 (+87.2%), from €2,092 to €3,916
- Taxes +€1,319
up €1,319 (+5.5%), from €23,804 to €25,123
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 | €494,671 | €451,956 | -€42,716 | -8.6% |
| Fixed assets | 21/28 | €58,319 | €54,163 | -€4,156 | -7.1% |
| Tangible fixed assets | 22/27 | €14,841 | €10,685 | -€4,156 | -28.0% |
| Plant, machinery and equipment | 23 | €3,224 | €1,854 | -€1,370 | -42.5% |
| Furniture and vehicles | 24 | €11,617 | €8,831 | -€2,786 | -24.0% |
| Financial fixed assets | 28 | €43,478 | €43,478 | = | 0.0% |
| Current assets | 29/58 | €436,352 | €397,793 | -€38,559 | -8.8% |
| Amounts receivable within one year | 40/41 | €275,895 | €293,034 | +€17,139 | +6.2% |
| Trade receivables | 40 | €92,895 | €88,515 | -€4,380 | -4.7% |
| Other amounts receivable | 41 | €183,000 | €204,519 | +€21,519 | +11.8% |
| Cash at bank and in hand | 54/58 | €158,551 | €101,475 | -€57,076 | -36.0% |
| Deferred charges and accrued income | 490/1 | €1,906 | €3,284 | +€1,378 | +72.3% |
| Total equity and liabilities | 10/49 | €494,671 | €451,956 | -€42,716 | -8.6% |
| Equity | 10/15 | €352,772 | €196,062 | -€156,710 | -44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €322,760 | €166,010 | -€156,750 | -48.6% |
| Distributable reserves | 133 | €322,760 | €166,010 | -€156,750 | -48.6% |
| Profit (loss) carried forward | 14 | €23,812 | €23,852 | +€40 | +0.2% |
| Amounts payable | 17/49 | €141,899 | €255,893 | +€113,994 | +80.3% |
| Amounts payable within one year | 42/48 | €141,899 | €255,758 | +€113,859 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €8,565 | €670 | -€7,895 | -92.2% |
| Trade debts | 44 | €23,988 | €6,653 | -€17,336 | -72.3% |
| Suppliers | 440/4 | €23,988 | €6,653 | -€17,336 | -72.3% |
| Taxes, remuneration and social security | 45 | €29,615 | €26,437 | -€3,178 | -10.7% |
| Taxes | 450/3 | €29,615 | €26,437 | -€3,178 | -10.7% |
| Other amounts payable | 47/48 | €79,731 | €221,998 | +€142,267 | +178% |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,857 | €5,697 | -€2,160 | -27.5% |
| Other operating charges | 640/8 | €2,092 | €3,916 | +€1,824 | +87.2% |
| Gross operating margin | 9900 | €86,524 | €93,883 | +€7,359 | +8.5% |
| Operating profit (loss) | 9901 | €76,575 | €84,270 | +€7,695 | +10.0% |
| Financial income | 75/76B | €3,120 | €3,451 | +€331 | +10.6% |
| Recurring financial income | 75 | €3,120 | €3,451 | +€331 | +10.6% |
| Financial charges | 65/66B | €1,615 | €1,308 | -€307 | -19.0% |
| Recurring financial charges | 65 | €1,615 | €1,308 | -€307 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €78,080 | €86,413 | +€8,333 | +10.7% |
| Income taxes | 67/77 | €23,804 | €25,123 | +€1,319 | +5.5% |
| Profit (loss) for the period | 9904 | €54,276 | €61,290 | +€7,014 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,276 | €61,290 | +€7,014 | +12.9% |
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.