CONNEXIONS-2: 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.
CONNEXIONS-2
Largest movements
- Receivables within one year -€1,676
down €1,676 (-7.5%), from €22,233 to €20,557
of which Other amounts receivable: -€8,421
- Cash +€794
up €794 (+7.8%), from €10,224 to €11,018
mainly Tax, wage and social debts (+€1,733) and Receivables within one year (+€1,676)
- Profit (loss) carried forward -€2,616
down €2,616 (-8.4%), from €31,025 to €28,410
- Tax, wage and social debts +€1,733
up €1,733 (+109%), from €1,592 to €3,325
- Gross operating margin +€462
up €462 (+15.9%), from -€2,911 to -€2,449
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 | €32,617 | €31,735 | -€882 | -2.7% |
| Fixed assets | 21/28 | €160 | €160 | = | 0.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €32,457 | €31,575 | -€882 | -2.7% |
| Amounts receivable within one year | 40/41 | €22,233 | €20,557 | -€1,676 | -7.5% |
| Trade receivables | 40 | €13,812 | €20,557 | +€6,745 | +48.8% |
| Other amounts receivable | 41 | €8,421 | - | -€8,421 | |
| Cash at bank and in hand | 54/58 | €10,224 | €11,018 | +€794 | +7.8% |
| Total equity and liabilities | 10/49 | €32,617 | €31,735 | -€882 | -2.7% |
| Equity | 10/15 | €31,025 | €28,410 | -€2,616 | -8.4% |
| Profit (loss) carried forward | 14 | €31,025 | €28,410 | -€2,616 | -8.4% |
| Amounts payable | 17/49 | €1,592 | €3,325 | +€1,733 | +109% |
| Amounts payable within one year | 42/48 | €1,592 | €3,325 | +€1,733 | +109% |
| Taxes, remuneration and social security | 45 | €1,592 | €3,325 | +€1,733 | +109% |
| Taxes | 450/3 | €1,592 | €3,325 | +€1,733 | +109% |
| Gross operating margin | 9900 | -€2,911 | -€2,449 | +€462 | +15.9% |
| Operating profit (loss) | 9901 | -€2,911 | -€2,449 | +€462 | +15.9% |
| Financial charges | 65/66B | €168 | €166 | -€2 | -1.0% |
| Recurring financial charges | 65 | €168 | €166 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,079 | -€2,616 | +€464 | +15.1% |
| Profit (loss) for the period | 9904 | -€3,079 | -€2,616 | +€464 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,079 | -€2,616 | +€464 | +15.1% |
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 23 October 2026 via checked.be.