FIRST-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.
FIRST-CONNECT
Largest movements
- Receivables within one year -€642
down €642 (-100.0%), from €642 to €0
of which Other amounts receivable: -€343
- Profit (loss) carried forward -€1,182
down €1,182 (-4.4%), from -€26,795 to -€27,977
- Trade debts +€380
up €380, from €0 to €380
- Other debts +€118
up €118, from €0 to €118
- Gross operating margin +€279
up €279 (+40.5%), from -€689 to -€410
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,192 | €3,508 | -€684 | -16.3% |
| Current assets | 29/58 | €4,192 | €3,508 | -€684 | -16.3% |
| Amounts receivable within one year | 40/41 | €642 | €0 | -€642 | -100.0% |
| Trade receivables | 40 | €299 | €0 | -€299 | -100.0% |
| Other amounts receivable | 41 | €343 | €0 | -€343 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,550 | €3,508 | -€42 | -1.2% |
| Total equity and liabilities | 10/49 | €4,192 | €3,508 | -€684 | -16.3% |
| Equity | 10/15 | €4,192 | €3,010 | -€1,182 | -28.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,795 | -€27,977 | -€1,182 | -4.4% |
| Amounts payable | 17/49 | €0 | €498 | +€498 | |
| Amounts payable within one year | 42/48 | €0 | €498 | +€498 | |
| Trade debts | 44 | €0 | €380 | +€380 | |
| Suppliers | 440/4 | €0 | €380 | +€380 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €118 | +€118 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €523 | €526 | +€3 | +0.5% |
| Gross operating margin | 9900 | -€689 | -€410 | +€279 | +40.5% |
| Operating profit (loss) | 9901 | -€1,212 | -€936 | +€277 | +22.8% |
| Financial charges | 65/66B | €246 | €246 | = | 0.0% |
| Recurring financial charges | 65 | €246 | €246 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,458 | -€1,182 | +€277 | +19.0% |
| Profit (loss) for the period | 9904 | -€1,458 | -€1,182 | +€277 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,458 | -€1,182 | +€277 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.