DE-CONNECT: 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.
DE-CONNECT
Largest movements
- Cash +€8,622
up €8,622 (+52.8%), from €16,332 to €24,954
mainly Other debts (+€9,782) and Net result for the year (+€7,276)
- Tangible fixed assets +€6,746
up €6,746 (+83.7%), from €8,060 to €14,806
of which Plant, machinery and equipment: +€5,739
- Receivables within one year -€2,425
down €2,425 (-6.7%), from €36,221 to €33,796
of which Trade receivables: -€10,217
- Other debts +€9,782
new in 2025: €9,782
- Reserves +€7,276
up €7,276 (+14.9%), from €48,798 to €56,074
- Tax, wage and social debts -€3,004
down €3,004 (-46.7%), from €6,431 to €3,427
- Gross operating margin +€14,058
up €14,058 (+136.8%), from €10,279 to €24,337
- Taxes +€6,316
up €6,316 (+3073.9%), from €205 to €6,522
- Depreciation +€1,559
up €1,559 (+36.3%), from €4,293 to €5,852
- Financial charges -€1,060
down €1,060 (-26.3%), from €4,031 to €2,972
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 | €60,763 | €74,276 | +€13,512 | +22.2% |
| Fixed assets | 21/28 | €8,210 | €14,956 | +€6,746 | +82.2% |
| Tangible fixed assets | 22/27 | €8,060 | €14,806 | +€6,746 | +83.7% |
| Plant, machinery and equipment | 23 | €5,576 | €11,315 | +€5,739 | +102.9% |
| Furniture and vehicles | 24 | €2,484 | €3,492 | +€1,008 | +40.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €52,553 | €59,319 | +€6,766 | +12.9% |
| Amounts receivable within one year | 40/41 | €36,221 | €33,796 | -€2,425 | -6.7% |
| Trade receivables | 40 | €26,981 | €16,764 | -€10,217 | -37.9% |
| Other amounts receivable | 41 | €9,241 | €17,032 | +€7,791 | +84.3% |
| Cash at bank and in hand | 54/58 | €16,332 | €24,954 | +€8,622 | +52.8% |
| Deferred charges and accrued income | 490/1 | - | €570 | +€570 | |
| Total equity and liabilities | 10/49 | €60,763 | €74,276 | +€13,512 | +22.2% |
| Equity | 10/15 | €51,798 | €59,074 | +€7,276 | +14.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,798 | €56,074 | +€7,276 | +14.9% |
| Distributable reserves | 133 | €48,798 | €56,074 | +€7,276 | +14.9% |
| Amounts payable | 17/49 | €8,965 | €15,202 | +€6,236 | +69.6% |
| Amounts payable within one year | 42/48 | €8,965 | €15,202 | +€6,236 | +69.6% |
| Trade debts | 44 | €2,534 | €1,993 | -€542 | -21.4% |
| Suppliers | 440/4 | €2,534 | €1,993 | -€542 | -21.4% |
| Taxes, remuneration and social security | 45 | €6,431 | €3,427 | -€3,004 | -46.7% |
| Taxes | 450/3 | €6,431 | €3,427 | -€3,004 | -46.7% |
| Other amounts payable | 47/48 | - | €9,782 | +€9,782 | |
| Non-recurring operating income | 76A | €19,885 | - | -€19,885 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,293 | €5,852 | +€1,559 | +36.3% |
| Other operating charges | 640/8 | €1,568 | €1,404 | -€164 | -10.5% |
| Gross operating margin | 9900 | €10,279 | €24,337 | +€14,058 | +136.8% |
| Operating profit (loss) | 9901 | €4,030 | €16,681 | +€12,651 | +313.9% |
| Financial income | 75/76B | €261 | €89 | -€173 | -66.1% |
| Recurring financial income | 75 | €261 | €89 | -€173 | -66.1% |
| Financial charges | 65/66B | €4,031 | €2,972 | -€1,060 | -26.3% |
| Recurring financial charges | 65 | €4,031 | €2,972 | -€1,060 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €260 | €13,798 | +€13,538 | +5201.2% |
| Income taxes | 67/77 | €205 | €6,522 | +€6,316 | +3073.9% |
| Profit (loss) for the period | 9904 | €55 | €7,276 | +€7,221 | +13177.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55 | €7,276 | +€7,221 | +13177.8% |
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 4 October 2026 via checked.be.