CONNEXUS: 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.
CONNEXUS
Largest movements
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Cash +€48,308
up €48,308 (+30.3%), from €159,355 to €207,663
mainly Current investments (+€75,000) and Depreciation (+€12,780)
- Tangible fixed assets -€12,780
down €12,780 (-25.4%), from €50,411 to €37,631
of which Furniture and vehicles: -€11,623
- Receivables within one year -€6,894
down €6,894 (-27.0%), from €25,530 to €18,636
of which Trade receivables: -€6,043
- Reserves -€49,546
down €49,546 (-20.0%), from €247,999 to €198,453
of which Distributable reserves: -€49,546
- Gross operating margin -€10,328
down €10,328 (-29.8%), from €34,640 to €24,311
- Taxes -€3,802
down €3,802 (-51.4%), from €7,398 to €3,596
- Financial income -€1,333
down €1,333 (-59.7%), from €2,233 to €900
- Financial charges +€742
up €742 (+48.4%), from €1,535 to €2,278
- Depreciation -€467
down €467 (-3.5%), from €13,248 to €12,780
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 | €313,279 | €265,759 | -€47,520 | -15.2% |
| Fixed assets | 21/28 | €50,411 | €37,631 | -€12,780 | -25.4% |
| Tangible fixed assets | 22/27 | €50,411 | €37,631 | -€12,780 | -25.4% |
| Furniture and vehicles | 24 | €42,886 | €31,262 | -€11,623 | -27.1% |
| Other tangible fixed assets | 26 | €7,525 | €6,369 | -€1,157 | -15.4% |
| Current assets | 29/58 | €262,867 | €228,128 | -€34,739 | -13.2% |
| Amounts receivable within one year | 40/41 | €25,530 | €18,636 | -€6,894 | -27.0% |
| Trade receivables | 40 | €12,427 | €6,384 | -€6,043 | -48.6% |
| Other amounts receivable | 41 | €13,104 | €12,252 | -€852 | -6.5% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €159,355 | €207,663 | +€48,308 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,982 | €1,829 | -€1,153 | -38.7% |
| Total equity and liabilities | 10/49 | €313,279 | €265,759 | -€47,520 | -15.2% |
| Equity | 10/15 | €280,470 | €230,924 | -€49,546 | -17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,999 | €198,453 | -€49,546 | -20.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €246,140 | €196,594 | -€49,546 | -20.1% |
| Profit (loss) carried forward | 14 | €20,071 | €20,071 | = | 0.0% |
| Amounts payable | 17/49 | €32,809 | €34,835 | +€2,026 | +6.2% |
| Amounts payable within one year | 42/48 | €18,718 | €20,595 | +€1,878 | +10.0% |
| Trade debts | 44 | €0 | €202 | +€202 | |
| Suppliers | 440/4 | €0 | €202 | +€202 | |
| Taxes, remuneration and social security | 45 | €1,434 | €642 | -€792 | -55.3% |
| Taxes | 450/3 | €1,434 | €642 | -€792 | -55.3% |
| Other amounts payable | 47/48 | €17,284 | €19,752 | +€2,468 | +14.3% |
| Accrued charges and deferred income | 492/3 | €14,091 | €14,240 | +€148 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,248 | €12,780 | -€467 | -3.5% |
| Other operating charges | 640/8 | €1,101 | €774 | -€326 | -29.7% |
| Gross operating margin | 9900 | €34,640 | €24,311 | -€10,328 | -29.8% |
| Operating profit (loss) | 9901 | €20,291 | €10,756 | -€9,534 | -47.0% |
| Financial income | 75/76B | €2,233 | €900 | -€1,333 | -59.7% |
| Recurring financial income | 75 | €2,233 | €900 | -€1,333 | -59.7% |
| Financial charges | 65/66B | €1,535 | €2,278 | +€742 | +48.4% |
| Recurring financial charges | 65 | €1,535 | €2,278 | +€742 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €20,988 | €9,378 | -€11,610 | -55.3% |
| Income taxes | 67/77 | €7,398 | €3,596 | -€3,802 | -51.4% |
| Profit (loss) for the period | 9904 | €13,590 | €5,782 | -€7,808 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,590 | €5,782 | -€7,808 | -57.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.