KONEKTO: 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.
KONEKTO
Largest movements
- Financial fixed assets +€395,473
up €395,473 (+735%), from €53,810 to €449,283
- Receivables within one year +€87,767
up €87,767 (+74.4%), from €117,981 to €205,749
of which Other amounts receivable: +€79,163
- Cash -€81,947
down €81,947 (-70.3%), from €116,533 to €34,586
mainly Investment in fixed assets (net) (-€423,377) and Receivables within one year (-€87,767)
- Debts after one year +€271,795
up €271,795 (+176%), from €154,369 to €426,163
- Profit (loss) carried forward +€47,709
up €47,709 (+22.4%), from €213,391 to €261,101
- Current portion of long-term debt +€31,801
up €31,801 (+132%), from €24,022 to €55,822
- Tax, wage and social debts +€25,893
up €25,893 (+101%), from €25,617 to €51,509
of which Remuneration and social security: +€26,024
- Trade debts +€24,569
up €24,569 (+33.3%), from €73,848 to €98,417
- Staff costs +€255,889
up €255,889 (+115%), from €222,302 to €478,192
- Gross operating margin +€186,355
up €186,355 (+43.9%), from €424,242 to €610,597
- Taxes -€18,831
down €18,831 (-45.5%), from €41,355 to €22,525
- Financial charges +€13,228
up €13,228 (+141%), from €9,352 to €22,579
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 | €546,246 | €937,822 | +€391,575 | +71.7% |
| Fixed assets | 21/28 | €306,641 | €692,535 | +€385,894 | +126% |
| Intangible fixed assets | 21 | €8,333 | €0 | -€8,333 | -100% |
| Tangible fixed assets | 22/27 | €244,498 | €243,252 | -€1,246 | -0.5% |
| Land and buildings | 22 | €196,869 | €190,293 | -€6,575 | -3.3% |
| Plant, machinery and equipment | 23 | - | €2,066 | +€2,066 | |
| Furniture and vehicles | 24 | €47,629 | €43,550 | -€4,080 | -8.6% |
| Other tangible fixed assets | 26 | - | €7,343 | +€7,343 | |
| Financial fixed assets | 28 | €53,810 | €449,283 | +€395,473 | +735% |
| Current assets | 29/58 | €239,606 | €245,287 | +€5,681 | +2.4% |
| Amounts receivable within one year | 40/41 | €117,981 | €205,749 | +€87,767 | +74.4% |
| Trade receivables | 40 | €105,181 | €113,785 | +€8,604 | +8.2% |
| Other amounts receivable | 41 | €12,800 | €91,964 | +€79,163 | +618% |
| Cash at bank and in hand | 54/58 | €116,533 | €34,586 | -€81,947 | -70.3% |
| Deferred charges and accrued income | 490/1 | €5,092 | €4,952 | -€140 | -2.7% |
| Total equity and liabilities | 10/49 | €546,246 | €937,822 | +€391,575 | +71.7% |
| Equity | 10/15 | €228,391 | €276,101 | +€47,709 | +20.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,391 | €261,101 | +€47,709 | +22.4% |
| Amounts payable | 17/49 | €317,855 | €661,721 | +€343,866 | +108% |
| Amounts payable after more than one year | 17 | €154,369 | €426,163 | +€271,795 | +176% |
| Financial debts | 170/4 | €154,369 | €426,163 | +€271,795 | +176% |
| Amounts payable within one year | 42/48 | €163,487 | €232,462 | +€68,976 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €24,022 | €55,822 | +€31,801 | +132% |
| Financial debts | 43 | €40,000 | €26,714 | -€13,287 | -33.2% |
| Credit institutions | 430/8 | €40,000 | €22,500 | -€17,500 | -43.8% |
| Other loans | 439 | - | €4,214 | +€4,214 | |
| Trade debts | 44 | €73,848 | €98,417 | +€24,569 | +33.3% |
| Suppliers | 440/4 | €73,848 | €98,417 | +€24,569 | +33.3% |
| Taxes, remuneration and social security | 45 | €25,617 | €51,509 | +€25,893 | +101% |
| Taxes | 450/3 | €131 | €0 | -€131 | -100% |
| Remuneration and social security | 454/9 | €25,485 | €51,509 | +€26,024 | +102% |
| Accrued charges and deferred income | 492/3 | - | €3,096 | +€3,096 | |
| Remuneration, social security and pensions | 62 | €222,302 | €478,192 | +€255,889 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,155 | €37,482 | +€3,327 | +9.7% |
| Other operating charges | 640/8 | €1,394 | €1,736 | +€342 | +24.5% |
| Gross operating margin | 9900 | €424,242 | €610,597 | +€186,355 | +43.9% |
| Operating profit (loss) | 9901 | €166,390 | €93,187 | -€73,204 | -44.0% |
| Financial income | 75/76B | €64 | €69 | +€6 | +8.8% |
| Recurring financial income | 75 | €64 | €69 | +€6 | +8.8% |
| Financial charges | 65/66B | €9,352 | €22,579 | +€13,228 | +141% |
| Recurring financial charges | 65 | €9,352 | €22,579 | +€13,228 | +141% |
| Profit (loss) for the period before taxes | 9903 | €157,102 | €70,677 | -€86,426 | -55.0% |
| Income taxes | 67/77 | €41,355 | €22,525 | -€18,831 | -45.5% |
| Profit (loss) for the period | 9904 | €115,747 | €48,152 | -€67,595 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,747 | €48,152 | -€67,595 | -58.4% |
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 26 October 2026 via checked.be.