KONECTED: 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.
KONECTED
Largest movements
- Financial fixed assets +€24,000
up €24,000 (+29.8%), from €80,460 to €104,460
- Tangible fixed assets +€3,733
up €3,733, from €0 to €3,733
of which Plant, machinery and equipment: +€3,733
- Cash -€2,925
down €2,925 (-33.1%), from €8,838 to €5,913
mainly Investment in fixed assets (net) (-€27,765) and Tax, wage and social debts (-€16,823)
- Debts after one year +€34,971
up €34,971 (+188.3%), from €18,572 to €53,543
- Tax, wage and social debts -€16,823
down €16,823 (-36.2%), from €46,498 to €29,675
of which Taxes: -€21,721
- Current portion of long-term debt +€8,025
up €8,025 (+245.8%), from €3,265 to €11,290
- Gross operating margin +€11,723
up €11,723 (+34.4%), from €34,052 to €45,775
- Staff costs +€11,039
up €11,039 (+40.8%), from €27,030 to €38,069
- Financial charges +€2,250
up €2,250 (+124.3%), from €1,811 to €4,061
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 | €185,004 | €212,711 | +€27,707 | +15.0% |
| Fixed assets | 21/28 | €80,460 | €108,193 | +€27,733 | +34.5% |
| Tangible fixed assets | 22/27 | €0 | €3,733 | +€3,733 | |
| Plant, machinery and equipment | 23 | - | €3,733 | +€3,733 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €80,460 | €104,460 | +€24,000 | +29.8% |
| Current assets | 29/58 | €104,544 | €104,517 | -€26 | 0.0% |
| Amounts receivable within one year | 40/41 | €95,706 | €96,550 | +€845 | +0.9% |
| Trade receivables | 40 | €95,695 | €88,040 | -€7,655 | -8.0% |
| Other amounts receivable | 41 | €10 | €8,510 | +€8,500 | +82765.3% |
| Cash at bank and in hand | 54/58 | €8,838 | €5,913 | -€2,925 | -33.1% |
| Deferred charges and accrued income | 490/1 | €0 | €2,055 | +€2,055 | |
| Total equity and liabilities | 10/49 | €185,004 | €212,711 | +€27,707 | +15.0% |
| Equity | 10/15 | €61,345 | €62,080 | +€735 | +1.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,345 | €59,080 | +€735 | +1.3% |
| Amounts payable | 17/49 | €123,658 | €150,630 | +€26,972 | +21.8% |
| Amounts payable after more than one year | 17 | €18,572 | €53,543 | +€34,971 | +188.3% |
| Financial debts | 170/4 | €18,572 | €53,543 | +€34,971 | +188.3% |
| Amounts payable within one year | 42/48 | €104,506 | €97,087 | -€7,418 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €3,265 | €11,290 | +€8,025 | +245.8% |
| Trade debts | 44 | €10,559 | €9,938 | -€621 | -5.9% |
| Suppliers | 440/4 | €10,559 | €9,938 | -€621 | -5.9% |
| Taxes, remuneration and social security | 45 | €46,498 | €29,675 | -€16,823 | -36.2% |
| Taxes | 450/3 | €37,084 | €15,362 | -€21,721 | -58.6% |
| Remuneration and social security | 454/9 | €9,414 | €14,313 | +€4,899 | +52.0% |
| Other amounts payable | 47/48 | €44,184 | €46,184 | +€2,000 | +4.5% |
| Accrued charges and deferred income | 492/3 | €581 | €0 | -€581 | -100.0% |
| Remuneration, social security and pensions | 62 | €27,030 | €38,069 | +€11,039 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €32 | +€32 | |
| Other operating charges | 640/8 | €959 | €1,056 | +€97 | +10.1% |
| Non-recurring operating charges | 66A | €55 | €277 | +€222 | +403.3% |
| Gross operating margin | 9900 | €34,052 | €45,775 | +€11,723 | +34.4% |
| Operating profit (loss) | 9901 | €6,009 | €6,342 | +€333 | +5.5% |
| Financial income | 75/76B | €1 | €6 | +€5 | +632.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +632.5% |
| Financial charges | 65/66B | €1,811 | €4,061 | +€2,250 | +124.3% |
| Recurring financial charges | 65 | €1,811 | €4,061 | +€2,250 | +124.3% |
| Profit (loss) for the period before taxes | 9903 | €4,199 | €2,287 | -€1,912 | -45.5% |
| Income taxes | 67/77 | €1,666 | €1,551 | -€115 | -6.9% |
| Profit (loss) for the period | 9904 | €2,533 | €735 | -€1,797 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,533 | €735 | -€1,797 | -71.0% |
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 3 October 2026 via checked.be.