José Connections: 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.
José Connections
Largest movements
- Receivables within one year +€14,467
up €14,467 (+152%), from €9,516 to €23,982
of which Other amounts receivable: +€21,467
- Tangible fixed assets +€3,306
up €3,306 (+94.4%), from €3,500 to €6,806
- Cash +€2,332
up €2,332 (+271,215%), from €1 to €2,333
mainly Net result for the year (+€14,801) and Depreciation (+€3,694)
- Reserves +€14,801
up €14,801 (+243%), from €6,095 to €20,896
- Tax, wage and social debts +€3,655
up €3,655 (+225%), from €1,622 to €5,277
of which Taxes: +€2,318
- Trade debts +€3,081
up €3,081 (+1,154%), from €267 to €3,348
- Other debts -€1,433
down €1,433 (-70.5%), from €2,033 to €600
- Gross operating margin +€15,697
up €15,697 (+141%), from €11,149 to €26,847
- Financial charges +€2,882
up €2,882 (+18,243%), from €16 to €2,898
- Taxes +€2,318
up €2,318 (+151%), from €1,539 to €3,857
- Other operating charges +€1,293
new in 2025: €1,293
- Staff costs +€303
new in 2025: €303
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 | €13,016 | €33,121 | +€20,105 | +154% |
| Fixed assets | 21/28 | €3,500 | €6,806 | +€3,306 | +94.4% |
| Tangible fixed assets | 22/27 | €3,500 | €6,806 | +€3,306 | +94.4% |
| Furniture and vehicles | 24 | €3,500 | €6,806 | +€3,306 | +94.4% |
| Current assets | 29/58 | €9,516 | €26,316 | +€16,799 | +177% |
| Amounts receivable within one year | 40/41 | €9,516 | €23,982 | +€14,467 | +152% |
| Trade receivables | 40 | €7,000 | - | -€7,000 | |
| Other amounts receivable | 41 | €2,516 | €23,982 | +€21,467 | +853% |
| Cash at bank and in hand | 54/58 | €1 | €2,333 | +€2,332 | +271,215% |
| Total equity and liabilities | 10/49 | €13,016 | €33,121 | +€20,105 | +154% |
| Equity | 10/15 | €9,095 | €23,896 | +€14,801 | +163% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,095 | €20,896 | +€14,801 | +243% |
| Distributable reserves | 133 | €6,095 | €20,896 | +€14,801 | +243% |
| Amounts payable | 17/49 | €3,922 | €9,225 | +€5,304 | +135% |
| Amounts payable within one year | 42/48 | €3,922 | €9,225 | +€5,304 | +135% |
| Trade debts | 44 | €267 | €3,348 | +€3,081 | +1,154% |
| Suppliers | 440/4 | €267 | €3,348 | +€3,081 | +1,154% |
| Taxes, remuneration and social security | 45 | €1,622 | €5,277 | +€3,655 | +225% |
| Taxes | 450/3 | €1,539 | €3,857 | +€2,318 | +151% |
| Remuneration and social security | 454/9 | €83 | €1,420 | +€1,337 | +1,608% |
| Other amounts payable | 47/48 | €2,033 | €600 | -€1,433 | -70.5% |
| Remuneration, social security and pensions | 62 | - | €303 | +€303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,694 | +€194 | +5.6% |
| Other operating charges | 640/8 | - | €1,293 | +€1,293 | |
| Gross operating margin | 9900 | €11,149 | €26,847 | +€15,697 | +141% |
| Operating profit (loss) | 9901 | €7,649 | €21,557 | +€13,907 | +182% |
| Financial charges | 65/66B | €16 | €2,898 | +€2,882 | +18,243% |
| Recurring financial charges | 65 | €16 | €2,898 | +€2,882 | +18,243% |
| Profit (loss) for the period before taxes | 9903 | €7,634 | €18,659 | +€11,025 | +144% |
| Income taxes | 67/77 | €1,539 | €3,857 | +€2,318 | +151% |
| Profit (loss) for the period | 9904 | €6,095 | €14,801 | +€8,706 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €6,095 | €14,801 | +€8,706 | +143% |
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.