KONECTO: 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.
KONECTO
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€496,040
down €496,040 (-82.7%), from €599,780 to €103,740
mainly Current investments (-€500,000) and Net result for the year (-€272,224)
- Financial fixed assets -€277,544
no longer reported in 2025 (was €277,544)
- Tangible fixed assets +€24,732
up €24,732 (+301.8%), from €8,196 to €32,929
of which Furniture and vehicles: +€13,713
- Receivables within one year -€17,085
down €17,085 (-50.0%), from €34,145 to €17,060
of which Trade receivables: -€20,345
- Reserves -€340,000
down €340,000 (-47.1%), from €722,000 to €382,000
of which Distributable reserves: -€340,000
- Debts after one year +€49,416
new in 2025: €49,416
- Other debts +€41,774
up €41,774 (+238.0%), from €17,554 to €59,327
- Tax, wage and social debts -€14,786
down €14,786 (-40.2%), from €36,755 to €21,970
- Financial charges +€290,903
up €290,903 (+22559.2%), from €1,290 to €292,192
of which Non-recurring financial charges: +€291,161
- Gross operating margin -€114,417
down €114,417 (-77.0%), from €148,651 to €34,234
- Taxes -€38,924
down €38,924 (-81.0%), from €48,077 to €9,153
- Other operating charges -€11,708
down €11,708 (-92.9%), from €12,608 to €901
- Depreciation +€8,993
up €8,993 (+307.6%), from €2,924 to €11,917
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 | €920,303 | €656,320 | -€263,983 | -28.7% |
| Fixed assets | 21/28 | €285,741 | €32,929 | -€252,812 | -88.5% |
| Tangible fixed assets | 22/27 | €8,196 | €32,929 | +€24,732 | +301.8% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €3,120 | €16,832 | +€13,713 | +439.5% |
| Other tangible fixed assets | 26 | €5,076 | €16,096 | +€11,020 | +217.1% |
| Financial fixed assets | 28 | €277,544 | - | -€277,544 | |
| Current assets | 29/58 | €634,562 | €623,391 | -€11,171 | -1.8% |
| Stocks and contracts in progress | 3 | - | €1,000 | +€1,000 | |
| Stocks | 30/36 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €34,145 | €17,060 | -€17,085 | -50.0% |
| Trade receivables | 40 | €33,262 | €12,917 | -€20,345 | -61.2% |
| Other amounts receivable | 41 | €883 | €4,143 | +€3,260 | +369.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €599,780 | €103,740 | -€496,040 | -82.7% |
| Deferred charges and accrued income | 490/1 | €637 | €1,591 | +€953 | +149.6% |
| Total equity and liabilities | 10/49 | €920,303 | €656,320 | -€263,983 | -28.7% |
| Equity | 10/15 | €847,318 | €509,094 | -€338,224 | -39.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €722,000 | €382,000 | -€340,000 | -47.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €709,500 | €369,500 | -€340,000 | -47.9% |
| Profit (loss) carried forward | 14 | €318 | €2,094 | +€1,776 | +558.1% |
| Amounts payable | 17/49 | €72,985 | €147,226 | +€74,241 | +101.7% |
| Amounts payable after more than one year | 17 | - | €49,416 | +€49,416 | |
| Other amounts payable | 178/9 | - | €49,416 | +€49,416 | |
| Amounts payable within one year | 42/48 | €67,457 | €96,336 | +€28,878 | +42.8% |
| Trade debts | 44 | €13,148 | €15,038 | +€1,890 | +14.4% |
| Suppliers | 440/4 | €13,148 | €15,038 | +€1,890 | +14.4% |
| Taxes, remuneration and social security | 45 | €36,755 | €21,970 | -€14,786 | -40.2% |
| Taxes | 450/3 | €36,755 | €21,970 | -€14,786 | -40.2% |
| Other amounts payable | 47/48 | €17,554 | €59,327 | +€41,774 | +238.0% |
| Accrued charges and deferred income | 492/3 | €5,527 | €1,474 | -€4,053 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,924 | €11,917 | +€8,993 | +307.6% |
| Other operating charges | 640/8 | €12,608 | €901 | -€11,708 | -92.9% |
| Gross operating margin | 9900 | €148,651 | €34,234 | -€114,417 | -77.0% |
| Operating profit (loss) | 9901 | €133,119 | €21,417 | -€111,702 | -83.9% |
| Financial income | 75/76B | €7,459 | €7,705 | +€246 | +3.3% |
| Recurring financial income | 75 | €7,459 | €7,705 | +€246 | +3.3% |
| Financial charges | 65/66B | €1,290 | €292,192 | +€290,903 | +22559.2% |
| Recurring financial charges | 65 | €1,290 | €1,031 | -€258 | -20.0% |
| Non-recurring financial charges | 66B | - | €291,161 | +€291,161 | |
| Profit (loss) for the period before taxes | 9903 | €139,288 | -€263,071 | -€402,359 | |
| Income taxes | 67/77 | €48,077 | €9,153 | -€38,924 | -81.0% |
| Profit (loss) for the period | 9904 | €91,211 | -€272,224 | -€363,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,211 | -€272,224 | -€363,435 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.