CONNEXYS: what changed
Two fiscal 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.
CONNEXYS
Largest movements
- Receivables within one year -€849,799
down €849,799 (-99.7%), from €852,361 to €2,562
of which Other amounts receivable: -€844,268
- Receivables after one year +€249,000
up €249,000 (+43.3%), from €574,465 to €823,465
- Tangible fixed assets +€162,953
up €162,953 (+197.3%), from €82,612 to €245,565
of which Furniture and vehicles: +€163,320
- Debts after one year -€3.3m
down €3.3m (-100.0%), from €3.3m to €0
- Other debts +€2.3m
new in 2025: €2.3m
- Profit (loss) carried forward +€532,251
up €532,251 (+9.5%), from €5.6m to €6.1m
- Accrued charges and deferred income +€115,119
up €115,119 (+56.2%), from €204,817 to €319,936
- Financial income -€867,820
down €867,820 (-55.3%), from €1.6m to €700,972
- Gross operating margin -€89,646
down €89,646 (-77.7%), from €115,413 to €25,767
- Depreciation +€21,477
up €21,477 (+41.3%), from €52,060 to €73,537
- Financial charges +€15,646
up €15,646 (+15.7%), from €99,541 to €115,188
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.
Cash bridge derived
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 | €10,446,786 | €10,139,050 | -€307,736 | -2.9% |
| Fixed assets | 21/28 | €8,790,684 | €8,972,218 | +€181,533 | +2.1% |
| Intangible fixed assets | 21 | €1,729 | €569 | -€1,160 | -67.1% |
| Tangible fixed assets | 22/27 | €82,612 | €245,565 | +€162,953 | +197.3% |
| Plant, machinery and equipment | 23 | €3,093 | €2,726 | -€367 | -11.9% |
| Furniture and vehicles | 24 | €79,519 | €242,839 | +€163,320 | +205.4% |
| Financial fixed assets | 28 | €8,706,344 | €8,726,084 | +€19,740 | +0.2% |
| Current assets | 29/58 | €1,656,102 | €1,166,832 | -€489,270 | -29.5% |
| Amounts receivable after more than one year | 29 | €574,465 | €823,465 | +€249,000 | +43.3% |
| Other amounts receivable | 291 | €574,465 | €823,465 | +€249,000 | +43.3% |
| Amounts receivable within one year | 40/41 | €852,361 | €2,562 | -€849,799 | -99.7% |
| Trade receivables | 40 | €7,784 | €2,253 | -€5,530 | -71.1% |
| Other amounts receivable | 41 | €844,577 | €309 | -€844,268 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,168 | €120,026 | +€88,858 | +285.1% |
| Deferred charges and accrued income | 490/1 | €198,107 | €220,778 | +€22,671 | +11.4% |
| Total equity and liabilities | 10/49 | €10,446,786 | €10,139,050 | -€307,736 | -2.9% |
| Equity | 10/15 | €6,960,734 | €7,492,985 | +€532,251 | +7.6% |
| Contributions | 10/11 | €1,167,000 | €1,167,000 | = | 0.0% |
| Reserves | 13 | €216,700 | €216,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €116,700 | €116,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €116,700 | €116,700 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,577,034 | €6,109,285 | +€532,251 | +9.5% |
| Amounts payable | 17/49 | €3,486,052 | €2,646,065 | -€839,987 | -24.1% |
| Amounts payable after more than one year | 17 | €3,260,531 | €0 | -€3.3m | -100.0% |
| Other amounts payable | 178/9 | €3,260,531 | €0 | -€3.3m | -100.0% |
| Amounts payable within one year | 42/48 | €20,705 | €2,326,130 | +€2.3m | +11134.9% |
| Trade debts | 44 | €13,831 | €2,982 | -€10,849 | -78.4% |
| Suppliers | 440/4 | €13,831 | €2,982 | -€10,849 | -78.4% |
| Taxes, remuneration and social security | 45 | €6,873 | €0 | -€6,873 | -100.0% |
| Remuneration and social security | 454/9 | €6,873 | €0 | -€6,873 | -100.0% |
| Other amounts payable | 47/48 | - | €2,323,148 | +€2.3m | |
| Accrued charges and deferred income | 492/3 | €204,817 | €319,936 | +€115,119 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,060 | €73,537 | +€21,477 | +41.3% |
| Other operating charges | 640/8 | €5,235 | €5,763 | +€529 | +10.1% |
| Gross operating margin | 9900 | €115,413 | €25,767 | -€89,646 | -77.7% |
| Operating profit (loss) | 9901 | €58,118 | -€53,534 | -€111,652 | |
| Financial income | 75/76B | €1,568,792 | €700,972 | -€867,820 | -55.3% |
| Recurring financial income | 75 | €1,568,792 | €700,972 | -€867,820 | -55.3% |
| Financial charges | 65/66B | €99,541 | €115,188 | +€15,646 | +15.7% |
| Recurring financial charges | 65 | €99,541 | €115,188 | +€15,646 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €1,527,369 | €532,251 | -€995,118 | -65.2% |
| Income taxes | 67/77 | -€19 | €0 | +€19 | |
| Profit (loss) for the period | 9904 | €1,527,388 | €532,251 | -€995,137 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,527,388 | €532,251 | -€995,137 | -65.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.