GENERAL CONNECTOR: 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.
GENERAL CONNECTOR
Largest movements
- Tangible fixed assets -€6,046
down €6,046 (-23.9%), from €25,336 to €19,290
- Receivables within one year +€2,183
up €2,183 (+11.4%), from €19,196 to €21,379
of which Trade receivables: +€2,105
- Cash -€1,302
down €1,302 (-50.5%), from €2,580 to €1,278
mainly Current portion of long-term debt (-€7,574) and Receivables within one year (-€2,183)
- Current portion of long-term debt -€7,574
down €7,574 (-100%), from €7,574 to €0
- Profit (loss) carried forward +€3,134
up €3,134 (+73.8%), from €4,246 to €7,380
- Accrued charges and deferred income -€1,000
down €1,000 (-100%), from €1,000 to €0
- Depreciation -€1,461
down €1,461 (-19.5%), from €7,507 to €6,046
- Taxes +€316
up €316 (+32.9%), from €959 to €1,274
- Financial charges -€135
down €135 (-30.1%), from €448 to €313
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 | €47,112 | €41,946 | -€5,166 | -11.0% |
| Fixed assets | 21/28 | €25,336 | €19,290 | -€6,046 | -23.9% |
| Tangible fixed assets | 22/27 | €25,336 | €19,290 | -€6,046 | -23.9% |
| Plant, machinery and equipment | 23 | €25,336 | €19,290 | -€6,046 | -23.9% |
| Current assets | 29/58 | €21,776 | €22,656 | +€880 | +4.0% |
| Amounts receivable within one year | 40/41 | €19,196 | €21,379 | +€2,183 | +11.4% |
| Trade receivables | 40 | €18,943 | €21,048 | +€2,105 | +11.1% |
| Other amounts receivable | 41 | €253 | €331 | +€78 | +30.9% |
| Cash at bank and in hand | 54/58 | €2,580 | €1,278 | -€1,302 | -50.5% |
| Total equity and liabilities | 10/49 | €47,112 | €41,946 | -€5,166 | -11.0% |
| Equity | 10/15 | €38,517 | €41,651 | +€3,134 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,671 | €15,671 | = | 0.0% |
| Distributable reserves | 133 | €15,671 | €15,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,246 | €7,380 | +€3,134 | +73.8% |
| Amounts payable | 17/49 | €8,596 | €296 | -€8,300 | -96.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,595 | €296 | -€7,300 | -96.1% |
| Current portion of amounts payable after more than one year | 42 | €7,574 | €0 | -€7,574 | -100% |
| Trade debts | 44 | €21 | €21 | = | 0.0% |
| Suppliers | 440/4 | €21 | €21 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €274 | +€274 | |
| Taxes | 450/3 | €0 | €274 | +€274 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,507 | €6,046 | -€1,461 | -19.5% |
| Other operating charges | 640/8 | €488 | €462 | -€27 | -5.5% |
| Gross operating margin | 9900 | €11,211 | €11,229 | +€18 | +0.2% |
| Operating profit (loss) | 9901 | €3,216 | €4,721 | +€1,506 | +46.8% |
| Financial charges | 65/66B | €448 | €313 | -€135 | -30.1% |
| Recurring financial charges | 65 | €448 | €313 | -€135 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €2,768 | €4,409 | +€1,641 | +59.3% |
| Income taxes | 67/77 | €959 | €1,274 | +€316 | +32.9% |
| Profit (loss) for the period | 9904 | €1,809 | €3,134 | +€1,325 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,809 | €3,134 | +€1,325 | +73.2% |
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 18 October 2026 via checked.be.