Konnekto: 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.
Konnekto
Largest movements
- Receivables within one year +€128,546
up €128,546 (+116%), from €110,361 to €238,907
of which Trade receivables: +€132,758
- Cash -€64,965
down €64,965 (-66.5%), from €97,686 to €32,721
mainly Receivables within one year (-€128,546) and Trade debts (-€59,638)
- Intangible fixed assets -€33,730
down €33,730 (-24.5%), from €137,757 to €104,027
- Stocks and contracts -€18,135
down €18,135 (-6.9%), from €261,705 to €243,570
- Trade debts -€59,638
down €59,638 (-43.0%), from €138,707 to €79,070
- Tax, wage and social debts +€36,167
up €36,167 (+263%), from €13,759 to €49,926
of which Taxes: +€48,345
- Short-term financial debts +€35,000
up €35,000 (+25.0%), from €140,000 to €175,000
- Gross operating margin -€20,016
down €20,016 (-16.9%), from €118,464 to €98,448
- Staff costs -€7,864
down €7,864 (-16.0%), from €49,008 to €41,144
- Other operating charges +€6,981
up €6,981 (+649%), from €1,076 to €8,057
- Financial charges +€6,244
up €6,244 (+106%), from €5,885 to €12,129
- Taxes -€4,628
down €4,628 (-73.0%), from €6,336 to €1,708
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 | €610,330 | €622,388 | +€12,058 | +2.0% |
| Formation expenses | 20 | €673 | €441 | -€232 | -34.5% |
| Fixed assets | 21/28 | €137,757 | €104,027 | -€33,730 | -24.5% |
| Intangible fixed assets | 21 | €137,757 | €104,027 | -€33,730 | -24.5% |
| Current assets | 29/58 | €471,900 | €517,920 | +€46,020 | +9.8% |
| Stocks and contracts in progress | 3 | €261,705 | €243,570 | -€18,135 | -6.9% |
| Contracts in progress | 37 | €261,705 | €243,570 | -€18,135 | -6.9% |
| Amounts receivable within one year | 40/41 | €110,361 | €238,907 | +€128,546 | +116% |
| Trade receivables | 40 | €102,699 | €235,457 | +€132,758 | +129% |
| Other amounts receivable | 41 | €7,662 | €3,450 | -€4,212 | -55.0% |
| Cash at bank and in hand | 54/58 | €97,686 | €32,721 | -€64,965 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,148 | €2,722 | +€574 | +26.7% |
| Total equity and liabilities | 10/49 | €610,330 | €622,388 | +€12,058 | +2.0% |
| Equity | 10/15 | €312,894 | €317,267 | +€4,374 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,294 | €298,667 | +€4,374 | +1.5% |
| Distributable reserves | 133 | €294,294 | €298,667 | +€4,374 | +1.5% |
| Provisions and deferred taxes | 16 | €2,999 | €0 | -€2,999 | -100% |
| Provisions for liabilities and charges | 160/5 | €2,999 | €0 | -€2,999 | -100% |
| Other liabilities and charges | 164/5 | €2,999 | €0 | -€2,999 | -100% |
| Amounts payable | 17/49 | €294,437 | €305,121 | +€10,683 | +3.6% |
| Amounts payable within one year | 42/48 | €294,437 | €305,121 | +€10,683 | +3.6% |
| Financial debts | 43 | €140,000 | €175,000 | +€35,000 | +25.0% |
| Credit institutions | 430/8 | €140,000 | €175,000 | +€35,000 | +25.0% |
| Trade debts | 44 | €138,707 | €79,070 | -€59,638 | -43.0% |
| Suppliers | 440/4 | €138,707 | €79,070 | -€59,638 | -43.0% |
| Taxes, remuneration and social security | 45 | €13,759 | €49,926 | +€36,167 | +263% |
| Taxes | 450/3 | €1,581 | €49,926 | +€48,345 | +3,058% |
| Remuneration and social security | 454/9 | €12,178 | €0 | -€12,178 | -100% |
| Other amounts payable | 47/48 | €1,971 | €1,125 | -€846 | -42.9% |
| Remuneration, social security and pensions | 62 | €49,008 | €41,144 | -€7,864 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,846 | €33,962 | +€3,116 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,999 | -€2,999 | |
| Other operating charges | 640/8 | €1,076 | €8,057 | +€6,981 | +649% |
| Non-recurring operating charges | 66A | €1,503 | €73 | -€1,429 | -95.1% |
| Gross operating margin | 9900 | €118,464 | €98,448 | -€20,016 | -16.9% |
| Operating profit (loss) | 9901 | €36,032 | €18,211 | -€17,821 | -49.5% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.7% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.7% |
| Financial charges | 65/66B | €5,885 | €12,129 | +€6,244 | +106% |
| Recurring financial charges | 65 | €5,885 | €12,129 | +€6,244 | +106% |
| Profit (loss) for the period before taxes | 9903 | €30,158 | €6,082 | -€24,076 | -79.8% |
| Income taxes | 67/77 | €6,336 | €1,708 | -€4,628 | -73.0% |
| Profit (loss) for the period | 9904 | €23,823 | €4,374 | -€19,449 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,823 | €4,374 | -€19,449 | -81.6% |
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 31 October 2026 via checked.be.