eConnect: 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.
eConnect
Largest movements
- Tangible fixed assets -€25,694
down €25,694 (-7.3%), from €351,087 to €325,393
of which Land and buildings: -€13,673
- Receivables within one year -€18,880
down €18,880 (-33.7%), from €55,962 to €37,082
of which Other amounts receivable: -€11,684
- Current portion of long-term debt -€28,506
down €28,506 (-60.0%), from €47,492 to €18,986
- Profit (loss) carried forward -€23,974
new in 2025: -€23,974
- Debts after one year +€10,497
up €10,497 (+41.6%), from €25,243 to €35,740
- Trade debts -€5,087
down €5,087 (-44.6%), from €11,407 to €6,320
- Gross operating margin -€56,671
down €56,671 (-86.9%), from €65,244 to €8,573
- Taxes -€11,268
down €11,268 (-98.1%), from €11,486 to €218
- Financial income -€1,778
down €1,778 (-99.4%), from €1,788 to €11
- Financial charges -€883
down €883 (-20.2%), from €4,361 to €3,479
- Depreciation +€801
up €801 (+3.2%), from €24,893 to €25,694
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 | €420,689 | €373,619 | -€47,070 | -11.2% |
| Fixed assets | 21/28 | €351,087 | €325,393 | -€25,694 | -7.3% |
| Tangible fixed assets | 22/27 | €351,087 | €325,393 | -€25,694 | -7.3% |
| Land and buildings | 22 | €312,653 | €298,981 | -€13,673 | -4.4% |
| Plant, machinery and equipment | 23 | €1,203 | €750 | -€453 | -37.7% |
| Furniture and vehicles | 24 | €37,231 | €25,662 | -€11,569 | -31.1% |
| Current assets | 29/58 | €69,602 | €48,227 | -€21,375 | -30.7% |
| Amounts receivable within one year | 40/41 | €55,962 | €37,082 | -€18,880 | -33.7% |
| Trade receivables | 40 | €7,196 | - | -€7,196 | |
| Other amounts receivable | 41 | €48,766 | €37,082 | -€11,684 | -24.0% |
| Cash at bank and in hand | 54/58 | €12,915 | €11,095 | -€1,820 | -14.1% |
| Deferred charges and accrued income | 490/1 | €725 | €50 | -€675 | -93.2% |
| Total equity and liabilities | 10/49 | €420,689 | €373,619 | -€47,070 | -11.2% |
| Equity | 10/15 | €336,547 | €312,573 | -€23,974 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,947 | €317,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €316,087 | €316,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,974 | -€23,974 | |
| Amounts payable | 17/49 | €84,142 | €61,046 | -€23,096 | -27.4% |
| Amounts payable after more than one year | 17 | €25,243 | €35,740 | +€10,497 | +41.6% |
| Financial debts | 170/4 | €25,243 | €35,740 | +€10,497 | +41.6% |
| Amounts payable within one year | 42/48 | €58,899 | €25,306 | -€33,593 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €47,492 | €18,986 | -€28,506 | -60.0% |
| Trade debts | 44 | €11,407 | €6,320 | -€5,087 | -44.6% |
| Suppliers | 440/4 | €11,407 | €6,320 | -€5,087 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,893 | €25,694 | +€801 | +3.2% |
| Other operating charges | 640/8 | €3,353 | €3,166 | -€187 | -5.6% |
| Gross operating margin | 9900 | €65,244 | €8,573 | -€56,671 | -86.9% |
| Operating profit (loss) | 9901 | €36,998 | -€20,288 | -€57,286 | |
| Financial income | 75/76B | €1,788 | €11 | -€1,778 | -99.4% |
| Recurring financial income | 75 | €1,788 | €11 | -€1,778 | -99.4% |
| Financial charges | 65/66B | €4,361 | €3,479 | -€883 | -20.2% |
| Recurring financial charges | 65 | €4,361 | €3,479 | -€883 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €34,425 | -€23,756 | -€58,181 | |
| Income taxes | 67/77 | €11,486 | €218 | -€11,268 | -98.1% |
| Profit (loss) for the period | 9904 | €22,938 | -€23,974 | -€46,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,938 | -€23,974 | -€46,913 |
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 5 October 2026 via checked.be.