KONEKTIZ: 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.
KONEKTIZ
Largest movements
- Receivables within one year -€184,827
down €184,827 (-90.5%), from €204,161 to €19,334
of which Other amounts receivable: -€196,425
- Cash +€153,444
up €153,444 (+118,189%), from €130 to €153,574
mainly Receivables within one year (+€184,827) and Depreciation (+€17,576)
- Tangible fixed assets +€41,484
up €41,484 (+14.5%), from €285,220 to €326,704
of which Other tangible fixed assets: +€34,221
- Deferred charges and accrued income -€10,148
no longer reported in 2025 (was €10,148)
- Debts after one year -€11,891
down €11,891 (-3.9%), from €307,836 to €295,945
of which Financial debts: -€11,891
- Trade debts +€8,554
up €8,554 (+376%), from €2,275 to €10,829
- Tax, wage and social debts +€5,600
up €5,600 (+83.6%), from €6,700 to €12,300
- Depreciation -€52,581
down €52,581 (-74.9%), from €70,157 to €17,576
- Gross operating margin -€50,491
down €50,491 (-61.0%), from €82,752 to €32,261
- Financial charges -€8,182
down €8,182 (-40.9%), from €20,006 to €11,823
- Taxes -€1,339
down €1,339 (-28.6%), from €4,676 to €3,337
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 | €499,659 | €499,611 | -€48 | 0.0% |
| Fixed assets | 21/28 | €285,220 | €326,704 | +€41,484 | +14.5% |
| Tangible fixed assets | 22/27 | €285,220 | €326,704 | +€41,484 | +14.5% |
| Land and buildings | 22 | €268,955 | €258,030 | -€10,925 | -4.1% |
| Furniture and vehicles | 24 | €2,770 | €20,958 | +€18,187 | +657% |
| Other tangible fixed assets | 26 | €13,495 | €47,715 | +€34,221 | +254% |
| Current assets | 29/58 | €214,439 | €172,908 | -€41,531 | -19.4% |
| Amounts receivable within one year | 40/41 | €204,161 | €19,334 | -€184,827 | -90.5% |
| Trade receivables | 40 | €4,374 | €15,972 | +€11,598 | +265% |
| Other amounts receivable | 41 | €199,787 | €3,362 | -€196,425 | -98.3% |
| Cash at bank and in hand | 54/58 | €130 | €153,574 | +€153,444 | +118,189% |
| Deferred charges and accrued income | 490/1 | €10,148 | - | -€10,148 | |
| Total equity and liabilities | 10/49 | €499,659 | €499,611 | -€48 | 0.0% |
| Equity | 10/15 | €170,447 | €168,646 | -€1,801 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,987 | €48,186 | -€1,801 | -3.6% |
| Amounts payable | 17/49 | €329,212 | €330,965 | +€1,753 | +0.5% |
| Amounts payable after more than one year | 17 | €307,836 | €295,945 | -€11,891 | -3.9% |
| Financial debts | 170/4 | €304,836 | €292,945 | -€11,891 | -3.9% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,376 | €35,020 | +€13,644 | +63.8% |
| Current portion of amounts payable after more than one year | 42 | €12,400 | €11,891 | -€510 | -4.1% |
| Trade debts | 44 | €2,275 | €10,829 | +€8,554 | +376% |
| Suppliers | 440/4 | €2,275 | €10,829 | +€8,554 | +376% |
| Taxes, remuneration and social security | 45 | €6,700 | €12,300 | +€5,600 | +83.6% |
| Taxes | 450/3 | €6,700 | €12,300 | +€5,600 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,157 | €17,576 | -€52,581 | -74.9% |
| Other operating charges | 640/8 | €1,850 | €1,326 | -€524 | -28.3% |
| Gross operating margin | 9900 | €82,752 | €32,261 | -€50,491 | -61.0% |
| Operating profit (loss) | 9901 | €10,745 | €13,359 | +€2,614 | +24.3% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €20,006 | €11,823 | -€8,182 | -40.9% |
| Recurring financial charges | 65 | €20,006 | €11,823 | -€8,182 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,247 | €1,536 | +€10,783 | |
| Income taxes | 67/77 | €4,676 | €3,337 | -€1,339 | -28.6% |
| Profit (loss) for the period | 9904 | -€13,923 | -€1,801 | +€12,122 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,923 | -€1,801 | +€12,122 | +87.1% |
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 16 October 2026 via checked.be.