Konekt: 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.
What changed
Konekt
NACE 85.599, Other education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,075
2024 · €56,835-€18,761
Equity
€4.7m
2024 · €4.3m+€449,048
Cash
€1.6m
2024 · €260,512+€1.3m
Balance sheet total
€6.6m
2024 · €6.4m+€159,634
Largest movements
Assets
- Cash +€1.3m
up €1.3m (+505.8%), from €260,512 to €1.6m
mainly Receivables within one year (+€594,121) and Current investments (+€500,100)
- Receivables within one year -€594,121
down €594,121 (-15.6%), from €3.8m to €3.2m
of which Other amounts receivable: -€493,677
- Current investments -€500,100
down €500,100 (-99.8%), from €501,100 to €1,000
Equity and liabilities
- Investment grants +€410,973
up €410,973 (+13.3%), from €3.1m to €3.5m
- Accrued charges and deferred income -€333,926
down €333,926 (-67.3%), from €495,926 to €162,000
Income statement
- Other operating charges -€64,370
down €64,370 (-99.8%), from €64,529 to €159
- Staff costs +€61,402
up €61,402 (+3.8%), from €1.6m to €1.7m
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.
Result 2024
€56,835
Gross operating margin
+€1,882
Staff costs
-€61,402
Depreciation
-€612
Other operating charges
+€64,370
Other operating items
-€19,946
Financial income
-€299
Financial charges
+€265
Taxes
-€3,019
Result 2025
€38,075
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.
From operations
+€508,437
Investment
+€449,174
Financing
+€360,014
Cash 2024
€260,512
From operations (derived)
+€508,437
Net result for the year
+€38,075
Depreciation
+€91,068
Stocks and contracts
+€1,190
Receivables within one year
+€594,121
Deferred charges and accrued income
+€22,438
Provisions
+€38,000
Debts within one year
+€57,470
Accrued charges and deferred income
-€333,926
Investment (derived)
+€449,174
Investment in fixed assets (net)
-€50,926
Current investments
+€500,100
Financing
+€360,014
Debts after one year
-€50,959
Contributions, distributions and other
+€410,973
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,430,114 | €6,589,747 | +€159,634 | +2.5% |
| Fixed assets | 21/28 | €1,824,485 | €1,784,343 | -€40,142 | -2.2% |
| Intangible fixed assets | 21 | - | €9,767 | +€9,767 | |
| Tangible fixed assets | 22/27 | €1,824,485 | €1,774,576 | -€49,909 | -2.7% |
| Land and buildings | 22 | €1,732,811 | €1,696,191 | -€36,619 | -2.1% |
| Plant, machinery and equipment | 23 | €33,196 | €35,075 | +€1,879 | +5.7% |
| Furniture and vehicles | 24 | €38,398 | €27,896 | -€10,502 | -27.3% |
| Other tangible fixed assets | 26 | €17,340 | €15,413 | -€1,927 | -11.1% |
| Assets under construction and advance payments | 27 | €2,741 | €0 | -€2,741 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €4,605,628 | €4,805,405 | +€199,776 | +4.3% |
| Stocks and contracts in progress | 3 | €6,512 | €5,322 | -€1,190 | -18.3% |
| Stocks | 30/36 | €6,512 | €5,322 | -€1,190 | -18.3% |
| Amounts receivable within one year | 40/41 | €3,800,926 | €3,206,804 | -€594,121 | -15.6% |
| Trade receivables | 40 | €143,302 | €42,857 | -€100,445 | -70.1% |
| Other amounts receivable | 41 | €3,657,624 | €3,163,947 | -€493,677 | -13.5% |
| Current investments | 50/53 | €501,100 | €1,000 | -€500,100 | -99.8% |
| Cash at bank and in hand | 54/58 | €260,512 | €1,578,138 | +€1.3m | +505.8% |
| Deferred charges and accrued income | 490/1 | €36,579 | €14,141 | -€22,438 | -61.3% |
| Total equity and liabilities | 10/49 | €6,430,114 | €6,589,747 | +€159,634 | +2.5% |
| Equity | 10/15 | €4,277,210 | €4,726,258 | +€449,048 | +10.5% |
| Reserves | 13 | €242,956 | €242,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €949,890 | €987,964 | +€38,075 | +4.0% |
| Investment grants | 15 | €3,084,364 | €3,495,337 | +€410,973 | +13.3% |
| Provisions and deferred taxes | 16 | €720,000 | €758,000 | +€38,000 | +5.3% |
| Provisions for liabilities and charges | 160/5 | €720,000 | €758,000 | +€38,000 | +5.3% |
| Other liabilities and charges | 164/5 | €720,000 | €758,000 | +€38,000 | +5.3% |
| Amounts payable | 17/49 | €1,432,904 | €1,105,490 | -€327,414 | -22.8% |
| Amounts payable after more than one year | 17 | €521,426 | €470,467 | -€50,959 | -9.8% |
| Financial debts | 170/4 | €521,426 | €470,467 | -€50,959 | -9.8% |
| Amounts payable within one year | 42/48 | €415,552 | €473,022 | +€57,470 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €71,366 | €50,959 | -€20,407 | -28.6% |
| Trade debts | 44 | €68,961 | €129,040 | +€60,079 | +87.1% |
| Suppliers | 440/4 | €68,961 | €129,040 | +€60,079 | +87.1% |
| Taxes, remuneration and social security | 45 | €275,212 | €261,761 | -€13,451 | -4.9% |
| Taxes | 450/3 | €18,103 | €50,717 | +€32,615 | +180.2% |
| Remuneration and social security | 454/9 | €257,110 | €211,044 | -€46,066 | -17.9% |
| Accrued charges and deferred income | 492/3 | €495,926 | €162,000 | -€333,926 | -67.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,627,400 | €1,688,801 | +€61,402 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,456 | €91,068 | +€612 | +0.7% |
| Other operating charges | 640/8 | €64,529 | €159 | -€64,370 | -99.8% |
| Non-recurring operating charges | 66A | €0 | €1,468 | +€1,468 | |
| Gross operating margin | 9900 | €1,870,020 | €1,871,902 | +€1,882 | +0.1% |
| Operating profit (loss) | 9901 | €68,113 | €52,406 | -€15,708 | -23.1% |
| Financial income | 75/76B | €7,215 | €6,916 | -€299 | -4.1% |
| Recurring financial income | 75 | €7,215 | €6,916 | -€299 | -4.1% |
| Financial charges | 65/66B | €11,378 | €11,113 | -€265 | -2.3% |
| Recurring financial charges | 65 | €11,378 | €11,113 | -€265 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €63,951 | €48,209 | -€15,742 | -24.6% |
| Income taxes | 67/77 | €7,115 | €10,134 | +€3,019 | +42.4% |
| Profit (loss) for the period | 9904 | €56,835 | €38,075 | -€18,761 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,835 | €38,075 | -€18,761 | -33.0% |
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 8 October 2026 via checked.be.