Connox: 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.
Connox
Largest movements
- Receivables within one year +€23,654
up €23,654 (+326%), from €7,260 to €30,914
of which Trade receivables: +€20,168
- Cash -€19,284
down €19,284 (-36.8%), from €52,382 to €33,098
mainly Receivables within one year (-€23,654) and Tax, wage and social debts (-€2,355)
- Reserves +€7,852
up €7,852 (+22.8%), from €34,374 to €42,226
- Tax, wage and social debts -€2,355
no longer reported in 2025 (was €2,355)
- Gross operating margin +€4,886
up €4,886 (+66.7%), from €7,326 to €12,212
- Taxes +€1,381
up €1,381 (+60.5%), from €2,283 to €3,664
- Other operating charges +€164
up €164 (+32.6%), from €502 to €666
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 | €59,861 | €64,815 | +€4,954 | +8.3% |
| Current assets | 29/58 | €59,861 | €64,815 | +€4,954 | +8.3% |
| Amounts receivable within one year | 40/41 | €7,260 | €30,914 | +€23,654 | +326% |
| Trade receivables | 40 | €7,260 | €27,428 | +€20,168 | +278% |
| Other amounts receivable | 41 | - | €3,487 | +€3,487 | |
| Cash at bank and in hand | 54/58 | €52,382 | €33,098 | -€19,284 | -36.8% |
| Deferred charges and accrued income | 490/1 | €219 | €803 | +€584 | +266% |
| Total equity and liabilities | 10/49 | €59,861 | €64,815 | +€4,954 | +8.3% |
| Equity | 10/15 | €52,974 | €60,826 | +€7,852 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,374 | €42,226 | +€7,852 | +22.8% |
| Distributable reserves | 133 | €34,374 | €42,226 | +€7,852 | +22.8% |
| Amounts payable | 17/49 | €6,887 | €3,990 | -€2,898 | -42.1% |
| Amounts payable within one year | 42/48 | €6,887 | €3,990 | -€2,898 | -42.1% |
| Trade debts | 44 | €663 | €120 | -€543 | -81.9% |
| Suppliers | 440/4 | €663 | €120 | -€543 | -81.9% |
| Taxes, remuneration and social security | 45 | €2,355 | - | -€2,355 | |
| Taxes | 450/3 | €2,355 | - | -€2,355 | |
| Other amounts payable | 47/48 | €3,870 | €3,870 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €666 | +€164 | +32.6% |
| Gross operating margin | 9900 | €7,326 | €12,212 | +€4,886 | +66.7% |
| Operating profit (loss) | 9901 | €6,824 | €11,546 | +€4,722 | +69.2% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,794 | €11,516 | +€4,722 | +69.5% |
| Income taxes | 67/77 | €2,283 | €3,664 | +€1,381 | +60.5% |
| Profit (loss) for the period | 9904 | €4,510 | €7,852 | +€3,342 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,510 | €7,852 | +€3,342 | +74.1% |
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 16 October 2026 via checked.be.