CONNEXCENTER: 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.
CONNEXCENTER
Largest movements
- Current assets -€2.0m
down €2.0m (-63.6%), from €3.1m to €1.1m
of which Receivables within one year: -€2.0m
- Tangible fixed assets +€105,326
up €105,326 (+6.9%), from €1.5m to €1.6m
of which Land and buildings: +€1.4m
- Intangible fixed assets -€94,095
down €94,095 (-31.1%), from €302,530 to €208,435
- Debts -€2.0m
down €2.0m (-66.2%), from €3.0m to €1.0m
of which Debts within one year: -€2.0m
- Staff costs +€2.2m
new in 2021: €2.2m
- Gross operating margin -€225,453
down €225,453 (-8.3%), from €2.7m to €2.5m
- Taxes -€125,936
down €125,936 (-87.7%), from €143,645 to €17,709
- Depreciation +€77,710
up €77,710 (+53.1%), from €146,378 to €224,088
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,967,814 | €2,978,056 | -€2.0m | -40.1% |
| Fixed assets | 21/28 | €1,821,949 | €1,833,179 | +€11,230 | +0.6% |
| Intangible fixed assets | 21 | €302,530 | €208,435 | -€94,095 | -31.1% |
| Tangible fixed assets | 22/27 | €1,517,578 | €1,622,903 | +€105,326 | +6.9% |
| Land and buildings | 22 | - | €1,430,684 | +€1.4m | |
| Plant, machinery and equipment | 23 | - | €1,662 | +€1,662 | |
| Furniture and vehicles | 24 | - | €190,557 | +€190,557 | |
| Financial fixed assets | 28 | €1,841 | €1,841 | = | 0.0% |
| Current assets | 29/58 | €3,145,865 | €1,144,876 | -€2.0m | -63.6% |
| Stocks and contracts in progress | 3 | €1,402 | €1,402 | = | 0.0% |
| Stocks | 30/36 | - | €1,402 | +€1,402 | |
| Amounts receivable within one year | 40/41 | €3,095,604 | €1,115,634 | -€2.0m | -64.0% |
| Trade receivables | 40 | - | €1,096,782 | +€1.1m | |
| Other amounts receivable | 41 | - | €18,852 | +€18,852 | |
| Deferred charges and accrued income | 490/1 | - | €27,840 | +€27,840 | |
| Total equity and liabilities | 10/49 | €4,967,814 | €2,978,056 | -€2.0m | -40.1% |
| Equity | 10/15 | €1,991,400 | €1,972,812 | -€18,589 | -0.9% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Capital | 10 | - | €510,000 | +€510,000 | |
| Issued capital | 100 | - | €510,000 | +€510,000 | |
| Reserves | 13 | €51,000 | €51,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €51,000 | +€51,000 | |
| Legal reserve | 130 | - | €51,000 | +€51,000 | |
| Profit (loss) carried forward | 14 | €1,430,400 | €1,411,812 | -€18,589 | -1.3% |
| Amounts payable | 17/49 | €2,976,414 | €1,005,244 | -€2.0m | -66.2% |
| Amounts payable within one year | 42/48 | €2,933,262 | €960,542 | -€2.0m | -67.3% |
| Trade debts | 44 | €414,877 | €98,835 | -€316,042 | -76.2% |
| Suppliers | 440/4 | - | €98,835 | +€98,835 | |
| Taxes, remuneration and social security | 45 | - | €325,551 | +€325,551 | |
| Taxes | 450/3 | - | €3,605 | +€3,605 | |
| Remuneration and social security | 454/9 | - | €321,946 | +€321,946 | |
| Other amounts payable | 47/48 | - | €536,156 | +€536,156 | |
| Accrued charges and deferred income | 492/3 | - | €44,702 | +€44,702 | |
| Remuneration, social security and pensions | 62 | - | €2,243,680 | +€2.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,378 | €224,088 | +€77,710 | +53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,013 | +€14,013 | |
| Other operating charges | 640/8 | - | €19,044 | +€19,044 | |
| Gross operating margin | 9900 | €2,730,864 | €2,505,412 | -€225,453 | -8.3% |
| Operating profit (loss) | 9901 | €520,967 | €4,586 | -€516,381 | -99.1% |
| Financial income | 75/76B | - | €1,282 | +€1,282 | |
| Recurring financial income | 75 | €552 | €1,282 | +€730 | +132% |
| Financial charges | 65/66B | - | €6,747 | +€6,747 | |
| Recurring financial charges | 65 | €7,203 | €6,747 | -€455 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €514,316 | -€879 | -€515,195 | |
| Income taxes | 67/77 | €143,645 | €17,709 | -€125,936 | -87.7% |
| Profit (loss) for the period | 9904 | €370,671 | -€18,589 | -€389,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €370,671 | -€18,589 | -€389,259 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.