Qonnected: 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.
Qonnected
Largest movements
- Cash +€35,812
up €35,812 (+6,296%), from €569 to €36,381
mainly Net result for the year (+€53,045) and Tax, wage and social debts (+€34,690)
- Receivables within one year +€14,066
up €14,066 (+10.9%), from €129,105 to €143,171
of which Trade receivables: +€12,757
- Tangible fixed assets +€6,799
up €6,799 (+85.7%), from €7,934 to €14,733
of which Furniture and vehicles: +€3,610
- Deferred charges and accrued income +€6,440
new in 2025: €6,440
- Reserves +€53,045
up €53,045 (+79.0%), from €67,183 to €120,228
- Tax, wage and social debts +€34,690
up €34,690 (+139%), from €25,039 to €59,729
of which Taxes: +€25,845
- Trade debts -€18,856
down €18,856 (-88.1%), from €21,394 to €2,538
- Short-term financial debts -€5,761
no longer reported in 2025 (was €5,761)
- Staff costs +€80,202
up €80,202 (+878%), from €9,138 to €89,340
- Gross operating margin +€69,579
up €69,579 (+70.4%), from €98,783 to €168,362
- Depreciation +€2,773
up €2,773 (+283%), from €979 to €3,752
- Taxes -€1,940
down €1,940 (-11.5%), from €16,940 to €15,000
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 | €139,377 | €202,495 | +€63,118 | +45.3% |
| Fixed assets | 21/28 | €9,704 | €16,503 | +€6,799 | +70.1% |
| Tangible fixed assets | 22/27 | €7,934 | €14,733 | +€6,799 | +85.7% |
| Plant, machinery and equipment | 23 | €7,029 | €10,218 | +€3,189 | +45.4% |
| Furniture and vehicles | 24 | €905 | €4,515 | +€3,610 | +399% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €129,674 | €185,992 | +€56,319 | +43.4% |
| Amounts receivable within one year | 40/41 | €129,105 | €143,171 | +€14,066 | +10.9% |
| Trade receivables | 40 | €126,275 | €139,032 | +€12,757 | +10.1% |
| Other amounts receivable | 41 | €2,830 | €4,139 | +€1,309 | +46.2% |
| Cash at bank and in hand | 54/58 | €569 | €36,381 | +€35,812 | +6,296% |
| Deferred charges and accrued income | 490/1 | - | €6,440 | +€6,440 | |
| Total equity and liabilities | 10/49 | €139,377 | €202,495 | +€63,118 | +45.3% |
| Equity | 10/15 | €87,183 | €140,228 | +€53,045 | +60.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,183 | €120,228 | +€53,045 | +79.0% |
| Distributable reserves | 133 | €67,183 | €120,228 | +€53,045 | +79.0% |
| Amounts payable | 17/49 | €52,195 | €62,267 | +€10,072 | +19.3% |
| Amounts payable within one year | 42/48 | €52,195 | €62,267 | +€10,072 | +19.3% |
| Financial debts | 43 | €5,761 | - | -€5,761 | |
| Credit institutions | 430/8 | €5,761 | - | -€5,761 | |
| Trade debts | 44 | €21,394 | €2,538 | -€18,856 | -88.1% |
| Suppliers | 440/4 | €21,394 | €2,538 | -€18,856 | -88.1% |
| Taxes, remuneration and social security | 45 | €25,039 | €59,729 | +€34,690 | +139% |
| Taxes | 450/3 | €20,824 | €46,669 | +€25,845 | +124% |
| Remuneration and social security | 454/9 | €4,215 | €13,060 | +€8,845 | +210% |
| Remuneration, social security and pensions | 62 | €9,138 | €89,340 | +€80,202 | +878% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €3,752 | +€2,773 | +283% |
| Other operating charges | 640/8 | €1,866 | €3,262 | +€1,397 | +74.9% |
| Gross operating margin | 9900 | €98,783 | €168,362 | +€69,579 | +70.4% |
| Operating profit (loss) | 9901 | €86,801 | €72,007 | -€14,793 | -17.0% |
| Financial charges | 65/66B | €2,677 | €3,962 | +€1,284 | +48.0% |
| Recurring financial charges | 65 | €2,677 | €3,962 | +€1,284 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €84,123 | €68,046 | -€16,078 | -19.1% |
| Income taxes | 67/77 | €16,940 | €15,000 | -€1,940 | -11.5% |
| Profit (loss) for the period | 9904 | €67,183 | €53,045 | -€14,137 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,183 | €53,045 | -€14,137 | -21.0% |
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 14 October 2026 via checked.be.