NR Connect: 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.
NR Connect
Largest movements
- Receivables within one year +€22,709
up €22,709 (+55.1%), from €41,204 to €63,913
of which Other amounts receivable: +€15,262
- Tangible fixed assets +€18,593
new in 2024: €18,593
- Cash +€11,257
up €11,257 (+1078.3%), from €1,044 to €12,301
mainly Net result for the year (+€18,602) and Trade debts (+€12,584)
- Profit (loss) carried forward +€18,602
up €18,602 (+112.3%), from €16,569 to €35,171
- Trade debts +€12,584
up €12,584 (+78.0%), from €16,142 to €28,726
- Tax, wage and social debts +€7,710
up €7,710 (+105.1%), from €7,336 to €15,046
of which Remuneration and social security: +€6,270
- Debts after one year +€7,156
new in 2024: €7,156
- Short-term financial debts +€3,664
up €3,664 (+366400.0%), from €1 to €3,665
- Gross operating margin +€1,336
up €1,336 (+7.2%), from €18,610 to €19,946
- Financial charges +€1,333
up €1,333 (+106.5%), from €1,252 to €2,585
- Financial income +€1,108
up €1,108 (+169.9%), from €652 to €1,760
- Depreciation -€838
down €838 (-75.5%), from €1,110 to €272
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,248 | €94,807 | +€52,559 | +124.4% |
| Fixed assets | 21/28 | - | €18,593 | +€18,593 | |
| Tangible fixed assets | 22/27 | - | €18,593 | +€18,593 | |
| Furniture and vehicles | 24 | - | €18,593 | +€18,593 | |
| Current assets | 29/58 | €42,248 | €76,214 | +€33,966 | +80.4% |
| Amounts receivable within one year | 40/41 | €41,204 | €63,913 | +€22,709 | +55.1% |
| Trade receivables | 40 | €22,292 | €29,739 | +€7,447 | +33.4% |
| Other amounts receivable | 41 | €18,912 | €34,174 | +€15,262 | +80.7% |
| Cash at bank and in hand | 54/58 | €1,044 | €12,301 | +€11,257 | +1078.3% |
| Total equity and liabilities | 10/49 | €42,248 | €94,807 | +€52,559 | +124.4% |
| Equity | 10/15 | €18,769 | €37,371 | +€18,602 | +99.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,569 | €35,171 | +€18,602 | +112.3% |
| Amounts payable | 17/49 | €23,479 | €57,436 | +€33,957 | +144.6% |
| Amounts payable after more than one year | 17 | - | €7,156 | +€7,156 | |
| Financial debts | 170/4 | - | €7,156 | +€7,156 | |
| Amounts payable within one year | 42/48 | €23,479 | €50,280 | +€26,801 | +114.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,843 | +€2,843 | |
| Financial debts | 43 | €1 | €3,665 | +€3,664 | +366400.0% |
| Credit institutions | 430/8 | €1 | €3,665 | +€3,664 | +366400.0% |
| Trade debts | 44 | €16,142 | €28,726 | +€12,584 | +78.0% |
| Suppliers | 440/4 | €16,142 | €28,726 | +€12,584 | +78.0% |
| Taxes, remuneration and social security | 45 | €7,336 | €15,046 | +€7,710 | +105.1% |
| Taxes | 450/3 | €7,336 | €8,776 | +€1,440 | +19.6% |
| Remuneration and social security | 454/9 | - | €6,270 | +€6,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €272 | -€838 | -75.5% |
| Other operating charges | 640/8 | €131 | €247 | +€116 | +88.5% |
| Gross operating margin | 9900 | €18,610 | €19,946 | +€1,336 | +7.2% |
| Operating profit (loss) | 9901 | €17,369 | €19,427 | +€2,058 | +11.8% |
| Financial income | 75/76B | €652 | €1,760 | +€1,108 | +169.9% |
| Recurring financial income | 75 | €652 | €1,760 | +€1,108 | +169.9% |
| Financial charges | 65/66B | €1,252 | €2,585 | +€1,333 | +106.5% |
| Recurring financial charges | 65 | €1,252 | €2,585 | +€1,333 | +106.5% |
| Profit (loss) for the period before taxes | 9903 | €16,769 | €18,602 | +€1,833 | +10.9% |
| Profit (loss) for the period | 9904 | €16,769 | €18,602 | +€1,833 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,769 | €18,602 | +€1,833 | +10.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.