CONNEXION IMMO: 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.
CONNEXION IMMO
Largest movements
- Receivables within one year +€23,734
up €23,734 (+144%), from €16,502 to €40,236
of which Trade receivables: +€12,132
- Cash +€4,757
up €4,757 (+3.9%), from €122,245 to €127,001
mainly Net result for the year (+€25,387) and Other debts (+€6,089)
- Current investments +€3,566
up €3,566 (+2,332%), from €153 to €3,719
- Profit (loss) carried forward +€25,387
up €25,387 (+47.4%), from €53,526 to €78,913
- Other debts +€6,089
up €6,089 (+173%), from €3,529 to €9,618
- Tax, wage and social debts +€3,867
up €3,867 (+115%), from €3,365 to €7,231
of which Taxes: +€5,071
- Trade debts -€3,247
down €3,247 (-12.4%), from €26,209 to €22,961
- Gross operating margin +€19,199
up €19,199 (+44.6%), from €43,002 to €62,200
- Staff costs +€15,014
up €15,014 (+106%), from €14,146 to €29,160
- Taxes -€5,362
down €5,362 (-53.6%), from €10,000 to €4,638
- Other operating charges +€1,530
up €1,530 (+563%), from €272 to €1,802
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 | €139,475 | €171,100 | +€31,625 | +22.7% |
| Fixed assets | 21/28 | €576 | €144 | -€432 | -75.1% |
| Tangible fixed assets | 22/27 | €576 | €144 | -€432 | -75.1% |
| Furniture and vehicles | 24 | €576 | €144 | -€432 | -75.1% |
| Current assets | 29/58 | €138,899 | €170,956 | +€32,057 | +23.1% |
| Amounts receivable within one year | 40/41 | €16,502 | €40,236 | +€23,734 | +144% |
| Trade receivables | 40 | €9,023 | €21,155 | +€12,132 | +134% |
| Other amounts receivable | 41 | €7,479 | €19,081 | +€11,602 | +155% |
| Current investments | 50/53 | €153 | €3,719 | +€3,566 | +2,332% |
| Cash at bank and in hand | 54/58 | €122,245 | €127,001 | +€4,757 | +3.9% |
| Total equity and liabilities | 10/49 | €139,475 | €171,100 | +€31,625 | +22.7% |
| Equity | 10/15 | €105,626 | €131,013 | +€25,387 | +24.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €42,100 | €42,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,526 | €78,913 | +€25,387 | +47.4% |
| Amounts payable | 17/49 | €33,849 | €40,087 | +€6,238 | +18.4% |
| Amounts payable within one year | 42/48 | €33,849 | €40,087 | +€6,238 | +18.4% |
| Financial debts | 43 | €747 | €276 | -€471 | -63.0% |
| Credit institutions | 430/8 | €747 | €276 | -€471 | -63.0% |
| Trade debts | 44 | €26,209 | €22,961 | -€3,247 | -12.4% |
| Suppliers | 440/4 | €26,209 | €22,961 | -€3,247 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,365 | €7,231 | +€3,867 | +115% |
| Taxes | 450/3 | €1,083 | €6,154 | +€5,071 | +468% |
| Remuneration and social security | 454/9 | €2,281 | €1,077 | -€1,204 | -52.8% |
| Other amounts payable | 47/48 | €3,529 | €9,618 | +€6,089 | +173% |
| Remuneration, social security and pensions | 62 | €14,146 | €29,160 | +€15,014 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €432 | -€29 | -6.3% |
| Other operating charges | 640/8 | €272 | €1,802 | +€1,530 | +563% |
| Gross operating margin | 9900 | €43,002 | €62,200 | +€19,199 | +44.6% |
| Operating profit (loss) | 9901 | €28,122 | €30,806 | +€2,684 | +9.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -95.9% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -95.9% |
| Financial charges | 65/66B | €230 | €781 | +€551 | +239% |
| Recurring financial charges | 65 | €230 | €781 | +€551 | +239% |
| Profit (loss) for the period before taxes | 9903 | €27,897 | €30,025 | +€2,128 | +7.6% |
| Income taxes | 67/77 | €10,000 | €4,638 | -€5,362 | -53.6% |
| Profit (loss) for the period | 9904 | €17,897 | €25,387 | +€7,490 | +41.9% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,203 | €25,387 | +€49,590 |
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 19 October 2026 via checked.be.