NRJ 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.
NRJ ConneCt
Largest movements
- Stocks and contracts -€16,852
down €16,852 (-43.4%), from €38,811 to €21,959
- Tangible fixed assets -€7,165
down €7,165 (-55.2%), from €12,989 to €5,824
of which Furniture and vehicles: -€5,047
- Receivables within one year +€7,007
up €7,007 (+298%), from €2,349 to €9,356
of which Trade receivables: +€6,964
- Cash +€4,229
new in 2025: €4,229
mainly Stocks and contracts (+€16,852) and Net result for the year (+€11,495)
- Intangible fixed assets -€2,311
down €2,311 (-33.8%), from €6,846 to €4,535
- Other debts -€12,033
down €12,033 (-17.6%), from €68,550 to €56,517
- Profit (loss) carried forward +€11,495
up €11,495 (+28.5%), from -€40,309 to -€28,814
- Current portion of long-term debt -€5,644
down €5,644 (-65.5%), from €8,616 to €2,972
- Short-term financial debts -€4,518
no longer reported in 2025 (was €4,518)
- Debts after one year -€2,972
no longer reported in 2025 (was €2,972)
- Gross operating margin +€16,710
up €16,710, from -€975 to €15,735
- Financial income +€7,921
new in 2025: €7,921
of which Non-recurring financial income: +€7,921
- Depreciation +€2,605
up €2,605 (+37.9%), from €6,871 to €9,476
- Other operating charges +€1,346
up €1,346 (+303%), from €445 to €1,790
- Write-downs -€1,232
down €1,232, from €682 to -€551
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 | €61,073 | €45,984 | -€15,089 | -24.7% |
| Fixed assets | 21/28 | €19,835 | €10,359 | -€9,476 | -47.8% |
| Intangible fixed assets | 21 | €6,846 | €4,535 | -€2,311 | -33.8% |
| Tangible fixed assets | 22/27 | €12,989 | €5,824 | -€7,165 | -55.2% |
| Plant, machinery and equipment | 23 | €4,967 | €2,849 | -€2,118 | -42.6% |
| Furniture and vehicles | 24 | €8,022 | €2,975 | -€5,047 | -62.9% |
| Current assets | 29/58 | €41,238 | €35,625 | -€5,613 | -13.6% |
| Stocks and contracts in progress | 3 | €38,811 | €21,959 | -€16,852 | -43.4% |
| Stocks | 30/36 | €38,811 | €21,959 | -€16,852 | -43.4% |
| Amounts receivable within one year | 40/41 | €2,349 | €9,356 | +€7,007 | +298% |
| Trade receivables | 40 | €2,349 | €9,313 | +€6,964 | +296% |
| Other amounts receivable | 41 | - | €44 | +€44 | |
| Cash at bank and in hand | 54/58 | - | €4,229 | +€4,229 | |
| Deferred charges and accrued income | 490/1 | €78 | €80 | +€2 | +3.0% |
| Total equity and liabilities | 10/49 | €61,073 | €45,984 | -€15,089 | -24.7% |
| Equity | 10/15 | -€35,309 | -€23,814 | +€11,495 | +32.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,309 | -€28,814 | +€11,495 | +28.5% |
| Amounts payable | 17/49 | €96,382 | €69,798 | -€26,584 | -27.6% |
| Amounts payable after more than one year | 17 | €2,972 | - | -€2,972 | |
| Financial debts | 170/4 | €2,972 | - | -€2,972 | |
| Amounts payable within one year | 42/48 | €88,310 | €65,298 | -€23,012 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €8,616 | €2,972 | -€5,644 | -65.5% |
| Financial debts | 43 | €4,518 | - | -€4,518 | |
| Credit institutions | 430/8 | €4,518 | - | -€4,518 | |
| Trade debts | 44 | €3,449 | €811 | -€2,638 | -76.5% |
| Suppliers | 440/4 | €3,449 | €811 | -€2,638 | -76.5% |
| Taxes, remuneration and social security | 45 | €3,176 | €4,998 | +€1,822 | +57.4% |
| Taxes | 450/3 | €3,176 | €4,998 | +€1,822 | +57.4% |
| Other amounts payable | 47/48 | €68,550 | €56,517 | -€12,033 | -17.6% |
| Accrued charges and deferred income | 492/3 | €5,100 | €4,500 | -€600 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,871 | €9,476 | +€2,605 | +37.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €682 | -€551 | -€1,232 | |
| Other operating charges | 640/8 | €445 | €1,790 | +€1,346 | +303% |
| Gross operating margin | 9900 | -€975 | €15,735 | +€16,710 | |
| Operating profit (loss) | 9901 | -€8,972 | €5,019 | +€13,992 | |
| Financial income | 75/76B | - | €7,921 | +€7,921 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €7,921 | +€7,921 | |
| Financial charges | 65/66B | €1,670 | €1,239 | -€431 | -25.8% |
| Recurring financial charges | 65 | €1,670 | €1,239 | -€431 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,642 | €11,701 | +€22,343 | |
| Income taxes | 67/77 | €240 | €206 | -€34 | -14.1% |
| Profit (loss) for the period | 9904 | -€10,883 | €11,495 | +€22,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,883 | €11,495 | +€22,377 |
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 15 October 2026 via checked.be.