Donk Connection Construct: 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.
Donk Connection Construct
Largest movements
- Receivables within one year +€363,072
up €363,072 (+83.0%), from €437,366 to €800,439
of which Trade receivables: +€224,324
- Tangible fixed assets +€18,201
up €18,201 (+940%), from €1,937 to €20,138
- Other debts +€345,133
new in 2025: €345,133
- Trade debts +€47,775
up €47,775 (+11.1%), from €430,970 to €478,745
- Accrued charges and deferred income -€32,456
no longer reported in 2025 (was €32,456)
- Reserves +€20,000
up €20,000 (+200%), from €10,000 to €30,000
- Gross operating margin +€15,501
up €15,501 (+134%), from €11,538 to €27,038
- Taxes +€3,070
up €3,070 (+99.2%), from €3,095 to €6,165
- Financial charges +€2,493
up €2,493 (+582%), from €428 to €2,921
- Depreciation +€1,273
up €1,273 (+247%), from €515 to €1,788
- Financial income +€1,074
up €1,074 (+78.1%), from €1,376 to €2,451
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 | €490,117 | €868,923 | +€378,806 | +77.3% |
| Fixed assets | 21/28 | €4,137 | €22,338 | +€18,201 | +440% |
| Tangible fixed assets | 22/27 | €1,937 | €20,138 | +€18,201 | +940% |
| Furniture and vehicles | 24 | €1,937 | €20,138 | +€18,201 | +940% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €485,980 | €846,585 | +€360,605 | +74.2% |
| Amounts receivable within one year | 40/41 | €437,366 | €800,439 | +€363,072 | +83.0% |
| Trade receivables | 40 | €266,139 | €490,463 | +€224,324 | +84.3% |
| Other amounts receivable | 41 | €171,228 | €309,976 | +€138,748 | +81.0% |
| Cash at bank and in hand | 54/58 | €47,286 | €46,146 | -€1,139 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,328 | - | -€1,328 | |
| Total equity and liabilities | 10/49 | €490,117 | €868,923 | +€378,806 | +77.3% |
| Equity | 10/15 | €23,592 | €41,130 | +€17,539 | +74.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €30,000 | +€20,000 | +200% |
| Distributable reserves | 133 | €10,000 | €30,000 | +€20,000 | +200% |
| Profit (loss) carried forward | 14 | €3,592 | €1,130 | -€2,461 | -68.5% |
| Amounts payable | 17/49 | €466,526 | €827,793 | +€361,267 | +77.4% |
| Amounts payable within one year | 42/48 | €434,070 | €827,793 | +€393,723 | +90.7% |
| Trade debts | 44 | €430,970 | €478,745 | +€47,775 | +11.1% |
| Suppliers | 440/4 | €430,970 | €478,745 | +€47,775 | +11.1% |
| Taxes, remuneration and social security | 45 | €3,100 | €3,915 | +€815 | +26.3% |
| Taxes | 450/3 | €3,100 | €3,915 | +€815 | +26.3% |
| Other amounts payable | 47/48 | - | €345,133 | +€345,133 | |
| Accrued charges and deferred income | 492/3 | €32,456 | - | -€32,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €1,788 | +€1,273 | +247% |
| Other operating charges | 640/8 | €590 | €1,076 | +€485 | +82.2% |
| Gross operating margin | 9900 | €11,538 | €27,038 | +€15,501 | +134% |
| Operating profit (loss) | 9901 | €10,432 | €24,174 | +€13,742 | +132% |
| Financial income | 75/76B | €1,376 | €2,451 | +€1,074 | +78.1% |
| Recurring financial income | 75 | €1,376 | €2,451 | +€1,074 | +78.1% |
| Financial charges | 65/66B | €428 | €2,921 | +€2,493 | +582% |
| Recurring financial charges | 65 | €428 | €2,921 | +€2,493 | +582% |
| Profit (loss) for the period before taxes | 9903 | €11,380 | €23,704 | +€12,324 | +108% |
| Income taxes | 67/77 | €3,095 | €6,165 | +€3,070 | +99.2% |
| Profit (loss) for the period | 9904 | €8,285 | €17,539 | +€9,254 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €8,285 | €17,539 | +€9,254 | +112% |
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 29 October 2026 via checked.be.