KONNECTZ: 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.
KONNECTZ
Largest movements
- Receivables within one year +€104,724
up €104,724 (+120.2%), from €87,093 to €191,818
of which Other amounts receivable: +€122,948
- Cash -€65,886
down €65,886 (-59.5%), from €110,707 to €44,821
mainly Receivables within one year (-€104,724) and Debts after one year (-€20,445)
- Accrued charges and deferred income +€66,723
up €66,723 (+152.7%), from €43,697 to €110,420
- Reserves +€27,137
up €27,137 (+22.5%), from €120,828 to €147,965
of which Distributable reserves: +€27,137
- Debts after one year -€20,445
down €20,445 (-9.6%), from €212,063 to €191,618
- Other debts -€15,652
down €15,652 (-72.3%), from €21,652 to €6,000
- Tax, wage and social debts -€14,768
down €14,768 (-83.3%), from €17,728 to €2,960
- Gross operating margin -€60,859
down €60,859 (-49.3%), from €123,390 to €62,532
- Financial charges -€5,222
down €5,222 (-43.2%), from €12,082 to €6,860
- Taxes -€4,203
down €4,203 (-31.2%), from €13,478 to €9,275
- Other operating charges -€3,394
down €3,394 (-57.5%), from €5,899 to €2,505
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 | €463,580 | €500,178 | +€36,597 | +7.9% |
| Fixed assets | 21/28 | €261,646 | €262,116 | +€470 | +0.2% |
| Tangible fixed assets | 22/27 | €261,646 | €262,116 | +€470 | +0.2% |
| Land and buildings | 22 | €256,537 | €259,326 | +€2,788 | +1.1% |
| Plant, machinery and equipment | 23 | €3,931 | €2,790 | -€1,140 | -29.0% |
| Furniture and vehicles | 24 | €1,178 | €0 | -€1,178 | -100.0% |
| Current assets | 29/58 | €201,934 | €238,062 | +€36,127 | +17.9% |
| Amounts receivable within one year | 40/41 | €87,093 | €191,818 | +€104,724 | +120.2% |
| Trade receivables | 40 | €18,613 | €390 | -€18,223 | -97.9% |
| Other amounts receivable | 41 | €68,480 | €191,428 | +€122,948 | +179.5% |
| Cash at bank and in hand | 54/58 | €110,707 | €44,821 | -€65,886 | -59.5% |
| Deferred charges and accrued income | 490/1 | €4,134 | €1,423 | -€2,712 | -65.6% |
| Total equity and liabilities | 10/49 | €463,580 | €500,178 | +€36,597 | +7.9% |
| Equity | 10/15 | €139,428 | €166,565 | +€27,137 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,828 | €147,965 | +€27,137 | +22.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €120,828 | €147,965 | +€27,137 | +22.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €324,152 | €333,613 | +€9,461 | +2.9% |
| Amounts payable after more than one year | 17 | €212,063 | €191,618 | -€20,445 | -9.6% |
| Financial debts | 170/4 | €212,063 | €191,618 | -€20,445 | -9.6% |
| Amounts payable within one year | 42/48 | €68,391 | €31,575 | -€36,816 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €24,398 | €20,445 | -€3,953 | -16.2% |
| Trade debts | 44 | €4,613 | €2,170 | -€2,443 | -53.0% |
| Suppliers | 440/4 | €4,613 | €2,170 | -€2,443 | -53.0% |
| Taxes, remuneration and social security | 45 | €17,728 | €2,960 | -€14,768 | -83.3% |
| Taxes | 450/3 | €17,728 | €2,960 | -€14,768 | -83.3% |
| Other amounts payable | 47/48 | €21,652 | €6,000 | -€15,652 | -72.3% |
| Accrued charges and deferred income | 492/3 | €43,697 | €110,420 | +€66,723 | +152.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,529 | €11,000 | +€471 | +4.5% |
| Other operating charges | 640/8 | €5,899 | €2,505 | -€3,394 | -57.5% |
| Non-recurring operating charges | 66A | €43,903 | €0 | -€43,903 | -100.0% |
| Gross operating margin | 9900 | €123,390 | €62,532 | -€60,859 | -49.3% |
| Operating profit (loss) | 9901 | €63,059 | €49,027 | -€14,032 | -22.3% |
| Financial income | 75/76B | - | €244 | +€244 | |
| Recurring financial income | 75 | - | €244 | +€244 | |
| Financial charges | 65/66B | €12,082 | €6,860 | -€5,222 | -43.2% |
| Recurring financial charges | 65 | €12,082 | €6,860 | -€5,222 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €50,977 | €42,411 | -€8,565 | -16.8% |
| Income taxes | 67/77 | €13,478 | €9,275 | -€4,203 | -31.2% |
| Profit (loss) for the period | 9904 | €37,499 | €33,137 | -€4,362 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,499 | €33,137 | -€4,362 | -11.6% |
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 10 October 2026 via checked.be.