CONNESS: 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.
CONNESS
Largest movements
- Receivables within one year -€48,357
down €48,357 (-38.4%), from €125,975 to €77,618
of which Trade receivables: -€62,983
- Cash +€36,375
up €36,375 (+29.2%), from €124,486 to €160,861
mainly Net result for the year (+€60,759) and Receivables within one year (+€48,357)
- Tangible fixed assets +€13,277
up €13,277 (+8.7%), from €151,749 to €165,026
of which Furniture and vehicles: +€16,765
- Receivables after one year -€10,161
down €10,161 (-8.9%), from €113,559 to €103,398
- Trade debts +€12,539
new in 2025: €12,539
- Debts after one year -€12,052
down €12,052 (-12.2%), from €99,030 to €86,978
- Tax, wage and social debts -€7,412
down €7,412 (-44.1%), from €16,789 to €9,377
- Gross operating margin -€36,815
down €36,815 (-27.0%), from €136,201 to €99,386
- Taxes -€12,409
down €12,409 (-35.0%), from €35,435 to €23,027
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 | €516,829 | €507,660 | -€9,170 | -1.8% |
| Fixed assets | 21/28 | €151,749 | €165,026 | +€13,277 | +8.7% |
| Tangible fixed assets | 22/27 | €151,749 | €165,026 | +€13,277 | +8.7% |
| Land and buildings | 22 | €142,329 | €138,841 | -€3,488 | -2.5% |
| Plant, machinery and equipment | 23 | €3,162 | €3,162 | = | 0.0% |
| Furniture and vehicles | 24 | €6,257 | €23,023 | +€16,765 | +268% |
| Current assets | 29/58 | €365,080 | €342,634 | -€22,447 | -6.1% |
| Amounts receivable after more than one year | 29 | €113,559 | €103,398 | -€10,161 | -8.9% |
| Other amounts receivable | 291 | €113,559 | €103,398 | -€10,161 | -8.9% |
| Amounts receivable within one year | 40/41 | €125,975 | €77,618 | -€48,357 | -38.4% |
| Trade receivables | 40 | €99,660 | €36,677 | -€62,983 | -63.2% |
| Other amounts receivable | 41 | €26,315 | €40,941 | +€14,625 | +55.6% |
| Cash at bank and in hand | 54/58 | €124,486 | €160,861 | +€36,375 | +29.2% |
| Deferred charges and accrued income | 490/1 | €1,061 | €757 | -€304 | -28.7% |
| Total equity and liabilities | 10/49 | €516,829 | €507,660 | -€9,170 | -1.8% |
| Equity | 10/15 | €383,042 | €384,647 | +€1,605 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €370,642 | €372,247 | +€1,605 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €326,682 | €328,287 | +€1,605 | +0.5% |
| Amounts payable | 17/49 | €133,788 | €123,013 | -€10,775 | -8.1% |
| Amounts payable after more than one year | 17 | €99,030 | €86,978 | -€12,052 | -12.2% |
| Financial debts | 170/4 | €99,030 | €86,978 | -€12,052 | -12.2% |
| Amounts payable within one year | 42/48 | €32,692 | €33,968 | +€1,276 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €15,240 | €12,052 | -€3,188 | -20.9% |
| Trade debts | 44 | - | €12,539 | +€12,539 | |
| Suppliers | 440/4 | - | €12,539 | +€12,539 | |
| Taxes, remuneration and social security | 45 | €16,789 | €9,377 | -€7,412 | -44.1% |
| Taxes | 450/3 | €16,789 | €9,377 | -€7,412 | -44.1% |
| Other amounts payable | 47/48 | €663 | - | -€663 | |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,067 | +€1 | +0.1% |
| Non-recurring operating income | 76A | - | €17,121 | +€17,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,224 | €16,462 | +€238 | +1.5% |
| Other operating charges | 640/8 | €1,589 | €736 | -€853 | -53.7% |
| Gross operating margin | 9900 | €136,201 | €99,386 | -€36,815 | -27.0% |
| Operating profit (loss) | 9901 | €118,388 | €82,187 | -€36,201 | -30.6% |
| Financial income | 75/76B | €3,812 | €3,856 | +€45 | +1.2% |
| Recurring financial income | 75 | €3,812 | €3,856 | +€45 | +1.2% |
| Financial charges | 65/66B | €2,897 | €2,258 | -€639 | -22.1% |
| Recurring financial charges | 65 | €2,897 | €2,258 | -€639 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €119,303 | €83,785 | -€35,518 | -29.8% |
| Income taxes | 67/77 | €35,435 | €23,027 | -€12,409 | -35.0% |
| Profit (loss) for the period | 9904 | €83,868 | €60,759 | -€23,109 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,868 | €60,759 | -€23,109 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.