June20 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.
June20 Connect
Largest movements
- Receivables within one year +€43,974
up €43,974 (+6.8%), from €642,742 to €686,716
of which Trade receivables: +€28,006
- Reserves +€57,972
up €57,972 (+15,372%), from €377 to €58,349
- Tax, wage and social debts -€21,009
down €21,009 (-24.6%), from €85,425 to €64,415
of which Taxes: -€24,236
- Trade debts +€11,337
up €11,337 (+2.0%), from €563,807 to €575,143
- Gross operating margin +€127,068
up €127,068 (+336%), from €37,766 to €164,834
- Staff costs +€48,532
up €48,532 (+137%), from €35,450 to €83,982
- Taxes +€19,863
up €19,863 (+4,239%), from €469 to €20,332
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 | €714,609 | €762,908 | +€48,299 | +6.8% |
| Fixed assets | 21/28 | €4,085 | €3,911 | -€174 | -4.3% |
| Tangible fixed assets | 22/27 | €4,085 | €3,911 | -€174 | -4.3% |
| Furniture and vehicles | 24 | €4,085 | €3,911 | -€174 | -4.3% |
| Current assets | 29/58 | €710,523 | €758,997 | +€48,474 | +6.8% |
| Amounts receivable within one year | 40/41 | €642,742 | €686,716 | +€43,974 | +6.8% |
| Trade receivables | 40 | €642,742 | €670,748 | +€28,006 | +4.4% |
| Other amounts receivable | 41 | - | €15,968 | +€15,968 | |
| Cash at bank and in hand | 54/58 | €67,781 | €72,281 | +€4,500 | +6.6% |
| Total equity and liabilities | 10/49 | €714,609 | €762,908 | +€48,299 | +6.8% |
| Equity | 10/15 | €65,377 | €123,349 | +€57,972 | +88.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €377 | €58,349 | +€57,972 | +15,372% |
| Distributable reserves | 133 | €377 | €58,349 | +€57,972 | +15,372% |
| Amounts payable | 17/49 | €649,232 | €639,559 | -€9,673 | -1.5% |
| Amounts payable within one year | 42/48 | €649,232 | €639,559 | -€9,673 | -1.5% |
| Trade debts | 44 | €563,807 | €575,143 | +€11,337 | +2.0% |
| Suppliers | 440/4 | €563,807 | €575,143 | +€11,337 | +2.0% |
| Taxes, remuneration and social security | 45 | €85,425 | €64,415 | -€21,009 | -24.6% |
| Taxes | 450/3 | €81,798 | €57,562 | -€24,236 | -29.6% |
| Remuneration and social security | 454/9 | €3,626 | €6,853 | +€3,227 | +89.0% |
| Remuneration, social security and pensions | 62 | €35,450 | €83,982 | +€48,532 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €2,200 | +€774 | +54.2% |
| Other operating charges | 640/8 | €150 | €141 | -€10 | -6.3% |
| Gross operating margin | 9900 | €37,766 | €164,834 | +€127,068 | +336% |
| Operating profit (loss) | 9901 | €740 | €78,512 | +€77,772 | +10,512% |
| Financial income | 75/76B | €205 | €29 | -€176 | -85.9% |
| Recurring financial income | 75 | €205 | €29 | -€176 | -85.9% |
| Financial charges | 65/66B | €99 | €237 | +€138 | +140% |
| Recurring financial charges | 65 | €99 | €237 | +€138 | +140% |
| Profit (loss) for the period before taxes | 9903 | €846 | €78,303 | +€77,458 | +9,159% |
| Income taxes | 67/77 | €469 | €20,332 | +€19,863 | +4,239% |
| Profit (loss) for the period | 9904 | €377 | €57,972 | +€57,595 | +15,272% |
| Profit (loss) for the period to be appropriated | 9905 | €377 | €57,972 | +€57,595 | +15,272% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.