CONNEXEON: 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.
CONNEXEON
Largest movements
- Receivables within one year +€5,386
up €5,386 (+16.8%), from €31,997 to €37,383
of which Other amounts receivable: +€17,131
- Current investments -€2,897
down €2,897 (-12.6%), from €23,018 to €20,121
- Cash +€2,080
up €2,080 (+8.8%), from €23,675 to €25,755
mainly Tax, wage and social debts (+€12,070) and Net result for the year (+€3,103)
- Tangible fixed assets -€1,724
down €1,724 (-21.2%), from €8,139 to €6,415
of which Plant, machinery and equipment: -€2,792
- Trade debts -€12,380
down €12,380 (-24.2%), from €51,124 to €38,745
- Tax, wage and social debts +€12,070
up €12,070 (+305%), from €3,958 to €16,028
- Profit (loss) carried forward +€3,103
up €3,103 (+28.9%), from -€10,748 to -€7,646
- Short-term financial debts +€1,385
up €1,385 (+91.8%), from €1,509 to €2,894
- Debts after one year -€1,150
no longer reported in 2025 (was €1,150)
- Gross operating margin +€37,626
up €37,626, from -€5,593 to €32,033
- Write-downs +€23,699
new in 2025: €23,699
- Depreciation +€867
up €867 (+43.2%), from €2,005 to €2,872
- Other operating charges -€782
down €782 (-65.2%), from €1,199 to €418
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 | €87,829 | €90,674 | +€2,845 | +3.2% |
| Fixed assets | 21/28 | €9,139 | €7,415 | -€1,724 | -18.9% |
| Tangible fixed assets | 22/27 | €8,139 | €6,415 | -€1,724 | -21.2% |
| Plant, machinery and equipment | 23 | €7,953 | €5,161 | -€2,792 | -35.1% |
| Furniture and vehicles | 24 | €186 | €1,254 | +€1,067 | +573% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €78,690 | €83,259 | +€4,569 | +5.8% |
| Amounts receivable within one year | 40/41 | €31,997 | €37,383 | +€5,386 | +16.8% |
| Trade receivables | 40 | €28,479 | €16,734 | -€11,745 | -41.2% |
| Other amounts receivable | 41 | €3,519 | €20,649 | +€17,131 | +487% |
| Current investments | 50/53 | €23,018 | €20,121 | -€2,897 | -12.6% |
| Cash at bank and in hand | 54/58 | €23,675 | €25,755 | +€2,080 | +8.8% |
| Total equity and liabilities | 10/49 | €87,829 | €90,674 | +€2,845 | +3.2% |
| Equity | 10/15 | €28,754 | €31,857 | +€3,103 | +10.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €19,042 | €19,042 | = | 0.0% |
| Distributable reserves | 133 | €19,042 | €19,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,748 | -€7,646 | +€3,103 | +28.9% |
| Amounts payable | 17/49 | €59,075 | €58,817 | -€258 | -0.4% |
| Amounts payable after more than one year | 17 | €1,150 | - | -€1,150 | |
| Financial debts | 170/4 | €1,150 | - | -€1,150 | |
| Amounts payable within one year | 42/48 | €57,925 | €58,817 | +€892 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €1,333 | €1,150 | -€183 | -13.8% |
| Financial debts | 43 | €1,509 | €2,894 | +€1,385 | +91.8% |
| Credit institutions | 430/8 | €1,509 | €2,894 | +€1,385 | +91.8% |
| Trade debts | 44 | €51,124 | €38,745 | -€12,380 | -24.2% |
| Suppliers | 440/4 | €51,124 | €38,745 | -€12,380 | -24.2% |
| Taxes, remuneration and social security | 45 | €3,958 | €16,028 | +€12,070 | +305% |
| Taxes | 450/3 | €3,958 | €16,028 | +€12,070 | +305% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €2,872 | +€867 | +43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,699 | +€23,699 | |
| Other operating charges | 640/8 | €1,199 | €418 | -€782 | -65.2% |
| Gross operating margin | 9900 | -€5,593 | €32,033 | +€37,626 | |
| Operating profit (loss) | 9901 | -€8,798 | €5,044 | +€13,842 | |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €1,630 | €1,601 | -€29 | -1.7% |
| Recurring financial charges | 65 | €1,630 | €1,601 | -€29 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,400 | €3,443 | +€13,842 | |
| Income taxes | 67/77 | €349 | €340 | -€9 | -2.5% |
| Profit (loss) for the period | 9904 | -€10,748 | €3,103 | +€13,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,748 | €3,103 | +€13,851 |
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 22 October 2026 via checked.be.