Go Connect: 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.
Go Connect
Largest movements
- Cash -€183,560
down €183,560 (-58.7%), from €312,508 to €128,949
mainly Accrued charges and deferred income (-€158,930) and Other debts (-€52,500)
- Deferred charges and accrued income -€89,402
down €89,402 (-95.6%), from €93,536 to €4,133
- Intangible fixed assets -€39,603
down €39,603 (-33.1%), from €119,513 to €79,910
- Receivables within one year +€23,037
up €23,037 (+20.9%), from €110,078 to €133,115
of which Trade receivables: +€32,782
- Accrued charges and deferred income -€158,930
down €158,930 (-50.5%), from €314,464 to €155,534
- Other debts -€52,500
down €52,500 (-100.0%), from €52,500 to €0
- Trade debts -€37,164
down €37,164 (-75.0%), from €49,534 to €12,371
- Tax, wage and social debts -€26,928
down €26,928 (-62.6%), from €43,037 to €16,109
of which Taxes: -€27,842
- Profit (loss) carried forward -€14,113
down €14,113 (-1.5%), from -€911,057 to -€925,170
- Gross operating margin -€229,549
down €229,549 (-59.7%), from €384,377 to €154,828
- Staff costs -€172,025
down €172,025 (-70.2%), from €245,023 to €72,998
- Depreciation -€32,987
down €32,987 (-27.6%), from €119,332 to €86,345
- Financial charges +€5,143
up €5,143 (+146.0%), from €3,524 to €8,667
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 | €817,079 | €527,444 | -€289,635 | -35.4% |
| Fixed assets | 21/28 | €300,956 | €261,246 | -€39,710 | -13.2% |
| Intangible fixed assets | 21 | €119,513 | €79,910 | -€39,603 | -33.1% |
| Tangible fixed assets | 22/27 | €283 | €176 | -€107 | -37.6% |
| Furniture and vehicles | 24 | €283 | €176 | -€107 | -37.6% |
| Financial fixed assets | 28 | €181,160 | €181,160 | = | 0.0% |
| Current assets | 29/58 | €516,123 | €266,197 | -€249,925 | -48.4% |
| Amounts receivable within one year | 40/41 | €110,078 | €133,115 | +€23,037 | +20.9% |
| Trade receivables | 40 | €76,281 | €109,063 | +€32,782 | +43.0% |
| Other amounts receivable | 41 | €33,797 | €24,052 | -€9,745 | -28.8% |
| Cash at bank and in hand | 54/58 | €312,508 | €128,949 | -€183,560 | -58.7% |
| Deferred charges and accrued income | 490/1 | €93,536 | €4,133 | -€89,402 | -95.6% |
| Total equity and liabilities | 10/49 | €817,079 | €527,444 | -€289,635 | -35.4% |
| Equity | 10/15 | €357,543 | €343,430 | -€14,113 | -3.9% |
| Contributions | 10/11 | €1,268,600 | €1,268,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€911,057 | -€925,170 | -€14,113 | -1.5% |
| Amounts payable | 17/49 | €459,535 | €184,014 | -€275,522 | -60.0% |
| Amounts payable within one year | 42/48 | €145,071 | €28,479 | -€116,592 | -80.4% |
| Trade debts | 44 | €49,534 | €12,371 | -€37,164 | -75.0% |
| Suppliers | 440/4 | €49,534 | €12,371 | -€37,164 | -75.0% |
| Taxes, remuneration and social security | 45 | €43,037 | €16,109 | -€26,928 | -62.6% |
| Taxes | 450/3 | €35,322 | €7,480 | -€27,842 | -78.8% |
| Remuneration and social security | 454/9 | €7,715 | €8,629 | +€914 | +11.8% |
| Other amounts payable | 47/48 | €52,500 | €0 | -€52,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €314,464 | €155,534 | -€158,930 | -50.5% |
| Remuneration, social security and pensions | 62 | €245,023 | €72,998 | -€172,025 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,332 | €86,345 | -€32,987 | -27.6% |
| Other operating charges | 640/8 | €2,266 | €998 | -€1,268 | -55.9% |
| Gross operating margin | 9900 | €384,377 | €154,828 | -€229,549 | -59.7% |
| Operating profit (loss) | 9901 | €17,756 | -€5,513 | -€23,269 | |
| Financial income | 75/76B | €396 | €66 | -€330 | -83.3% |
| Recurring financial income | 75 | €396 | €66 | -€330 | -83.3% |
| Financial charges | 65/66B | €3,524 | €8,667 | +€5,143 | +146.0% |
| Recurring financial charges | 65 | €3,524 | €8,667 | +€5,143 | +146.0% |
| Profit (loss) for the period before taxes | 9903 | €14,629 | -€14,113 | -€28,742 | |
| Income taxes | 67/77 | €532 | €0 | -€532 | -100.0% |
| Profit (loss) for the period | 9904 | €14,096 | -€14,113 | -€28,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,096 | -€14,113 | -€28,209 |
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 12 October 2026 via checked.be.