Connexa: what changed
Two fiscal 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.
Connexa
Largest movements
- Tangible fixed assets +€63,157
new in 2024: €63,157
of which Furniture and vehicles: +€62,751
- Receivables within one year +€36,430
up €36,430 (+55.1%), from €66,142 to €102,573
of which Other amounts receivable: +€34,854
- Cash -€17,542
down €17,542 (-57.4%), from €30,585 to €13,043
mainly Investment in fixed assets (net) (-€76,031) and Receivables within one year (-€36,430)
- Debts after one year +€35,000
new in 2024: €35,000
- Reserves +€24,762
up €24,762 (+56.9%), from €43,518 to €68,280
- Current portion of long-term debt +€10,000
new in 2024: €10,000
- Tax, wage and social debts +€8,071
up €8,071 (+25.3%), from €31,934 to €40,005
- Trade debts +€3,577
up €3,577 (+19.7%), from €18,176 to €21,753
- Depreciation +€11,787
up €11,787 (+593.0%), from €1,988 to €13,775
- Gross operating margin -€7,827
down €7,827 (-13.5%), from €57,860 to €50,032
- Taxes -€4,141
down €4,141 (-36.8%), from €11,249 to €7,108
- Financial charges +€3,629
up €3,629 (+1157.6%), from €314 to €3,943
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,628 | €179,038 | +€81,410 | +83.4% |
| Formation expenses | 20 | €901 | - | -€901 | |
| Fixed assets | 21/28 | - | €63,157 | +€63,157 | |
| Tangible fixed assets | 22/27 | - | €63,157 | +€63,157 | |
| Plant, machinery and equipment | 23 | - | €407 | +€407 | |
| Furniture and vehicles | 24 | - | €62,751 | +€62,751 | |
| Current assets | 29/58 | €96,727 | €115,881 | +€19,154 | +19.8% |
| Amounts receivable within one year | 40/41 | €66,142 | €102,573 | +€36,430 | +55.1% |
| Trade receivables | 40 | €30,941 | €32,518 | +€1,577 | +5.1% |
| Other amounts receivable | 41 | €35,201 | €70,055 | +€34,854 | +99.0% |
| Cash at bank and in hand | 54/58 | €30,585 | €13,043 | -€17,542 | -57.4% |
| Deferred charges and accrued income | 490/1 | - | €265 | +€265 | |
| Total equity and liabilities | 10/49 | €97,628 | €179,038 | +€81,410 | +83.4% |
| Equity | 10/15 | €47,518 | €72,280 | +€24,762 | +52.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €43,518 | €68,280 | +€24,762 | +56.9% |
| Distributable reserves | 133 | €43,518 | €68,280 | +€24,762 | +56.9% |
| Amounts payable | 17/49 | €50,110 | €106,759 | +€56,648 | +113.0% |
| Amounts payable after more than one year | 17 | - | €35,000 | +€35,000 | |
| Financial debts | 170/4 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €50,110 | €71,759 | +€21,648 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €18,176 | €21,753 | +€3,577 | +19.7% |
| Suppliers | 440/4 | €18,176 | €21,753 | +€3,577 | +19.7% |
| Taxes, remuneration and social security | 45 | €31,934 | €40,005 | +€8,071 | +25.3% |
| Taxes | 450/3 | €31,934 | €40,005 | +€8,071 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,988 | €13,775 | +€11,787 | +593.0% |
| Other operating charges | 640/8 | €794 | €497 | -€297 | -37.4% |
| Gross operating margin | 9900 | €57,860 | €50,032 | -€7,827 | -13.5% |
| Operating profit (loss) | 9901 | €55,078 | €35,761 | -€19,318 | -35.1% |
| Financial income | 75/76B | €2 | €52 | +€50 | +2114.5% |
| Recurring financial income | 75 | €2 | €52 | +€50 | +2114.5% |
| Financial charges | 65/66B | €314 | €3,943 | +€3,629 | +1157.6% |
| Recurring financial charges | 65 | €314 | €3,943 | +€3,629 | +1157.6% |
| Profit (loss) for the period before taxes | 9903 | €54,767 | €31,870 | -€22,897 | -41.8% |
| Income taxes | 67/77 | €11,249 | €7,108 | -€4,141 | -36.8% |
| Profit (loss) for the period | 9904 | €43,518 | €24,762 | -€18,757 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,518 | €24,762 | -€18,757 | -43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.