PKY-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.
PKY-CONNECT
Largest movements
- Receivables within one year -€79,867
down €79,867 (-61.7%), from €129,350 to €49,483
of which Trade receivables: -€84,511
- Cash +€66,476
up €66,476 (+60.8%), from €109,411 to €175,888
mainly Receivables within one year (+€79,867) and Stocks and contracts (+€21,541)
- Stocks and contracts -€21,541
down €21,541 (-99.5%), from €21,643 to €101
- Tangible fixed assets -€20,713
down €20,713 (-24.8%), from €83,645 to €62,932
of which Furniture and vehicles: -€16,397
- Profit (loss) carried forward -€27,156
down €27,156 (-69.3%), from €39,198 to €12,042
- Accrued charges and deferred income -€23,760
no longer reported in 2025 (was €23,760)
- Gross operating margin -€68,319
down €68,319 (-88.6%), from €77,083 to €8,764
- Taxes -€18,830
down €18,830 (-98.3%), from €19,158 to €328
- Staff costs +€18,059
new in 2025: €18,059
- Depreciation +€12,864
up €12,864 (+164%), from €7,849 to €20,713
- Financial income +€1,761
up €1,761 (+87.6%), from €2,012 to €3,773
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 | €349,774 | €293,822 | -€55,953 | -16.0% |
| Fixed assets | 21/28 | €83,830 | €63,117 | -€20,713 | -24.7% |
| Tangible fixed assets | 22/27 | €83,645 | €62,932 | -€20,713 | -24.8% |
| Plant, machinery and equipment | 23 | €6,389 | €2,072 | -€4,317 | -67.6% |
| Furniture and vehicles | 24 | €77,257 | €60,860 | -€16,397 | -21.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €265,944 | €230,705 | -€35,239 | -13.3% |
| Stocks and contracts in progress | 3 | €21,643 | €101 | -€21,541 | -99.5% |
| Stocks | 30/36 | €21,643 | €101 | -€21,541 | -99.5% |
| Amounts receivable within one year | 40/41 | €129,350 | €49,483 | -€79,867 | -61.7% |
| Trade receivables | 40 | €129,322 | €44,811 | -€84,511 | -65.3% |
| Other amounts receivable | 41 | €28 | €4,672 | +€4,644 | +16,538% |
| Cash at bank and in hand | 54/58 | €109,411 | €175,888 | +€66,476 | +60.8% |
| Deferred charges and accrued income | 490/1 | €5,540 | €5,233 | -€307 | -5.5% |
| Total equity and liabilities | 10/49 | €349,774 | €293,822 | -€55,953 | -16.0% |
| Equity | 10/15 | €307,936 | €280,780 | -€27,156 | -8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €256,338 | €256,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €254,478 | €254,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,198 | €12,042 | -€27,156 | -69.3% |
| Amounts payable | 17/49 | €41,839 | €13,042 | -€28,797 | -68.8% |
| Amounts payable within one year | 42/48 | €18,079 | €13,042 | -€5,037 | -27.9% |
| Trade debts | 44 | €5,875 | €2,622 | -€3,253 | -55.4% |
| Suppliers | 440/4 | €5,875 | €2,622 | -€3,253 | -55.4% |
| Taxes, remuneration and social security | 45 | €10,504 | €10,420 | -€84 | -0.8% |
| Taxes | 450/3 | €10,504 | €10,420 | -€84 | -0.8% |
| Other amounts payable | 47/48 | €1,700 | - | -€1,700 | |
| Accrued charges and deferred income | 492/3 | €23,760 | - | -€23,760 | |
| Non-recurring operating income | 76A | €9,000 | - | -€9,000 | |
| Remuneration, social security and pensions | 62 | - | €18,059 | +€18,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,849 | €20,713 | +€12,864 | +164% |
| Other operating charges | 640/8 | €481 | €465 | -€16 | -3.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €77,083 | €8,764 | -€68,319 | -88.6% |
| Operating profit (loss) | 9901 | €68,752 | -€30,474 | -€99,226 | |
| Financial income | 75/76B | €2,012 | €3,773 | +€1,761 | +87.6% |
| Recurring financial income | 75 | €2,012 | €3,773 | +€1,761 | +87.6% |
| Financial charges | 65/66B | €125 | €127 | +€1 | +1.0% |
| Recurring financial charges | 65 | €125 | €127 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €70,638 | -€26,828 | -€97,466 | |
| Income taxes | 67/77 | €19,158 | €328 | -€18,830 | -98.3% |
| Profit (loss) for the period | 9904 | €51,481 | -€27,156 | -€78,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,481 | -€27,156 | -€78,636 |
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 17 October 2026 via checked.be.