RECONNECT ACADEMY: what changed
RECONNECT ACADEMY
Largest movements
- Cash -€19,322
no longer reported in 2025 (was €19,322)
mainly Receivables within one year (-€12,678) and Investment in fixed assets (net) (-€9,247)
- Receivables within one year +€12,678
up €12,678 (+117%), from €10,798 to €23,476
of which Other amounts receivable: +€10,297
- Tangible fixed assets -€8,027
down €8,027 (-22.0%), from €36,515 to €28,488
of which Plant, machinery and equipment: -€4,865
- Deferred charges and accrued income -€891
no longer reported in 2025 (was €891)
- Tax, wage and social debts -€8,092
down €8,092 (-80.1%), from €10,107 to €2,015
of which Taxes: -€8,092
- Debts after one year -€7,215
down €7,215 (-59.1%), from €12,215 to €5,000
- Short-term financial debts +€7,173
new in 2025: €7,173
- Advances received -€7,079
no longer reported in 2025 (was €7,079)
- Profit (loss) carried forward -€6,527
down €6,527 (-26.9%), from -€24,297 to -€30,824
- Purchases and services -€36,131
down €36,131 (-42.8%), from €84,388 to €48,257
- Gross operating margin +€10,198
up €10,198 (+275%), from €3,709 to €13,907
- Staff costs -€2,310
no longer reported in 2025 (was €2,310)
- Taxes -€2,251
no longer reported in 2025 (was €2,251)
- Depreciation +€2,040
up €2,040 (+13.4%), from €15,234 to €17,274
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,525 | €51,964 | -€15,561 | -23.0% |
| Fixed assets | 21/28 | €36,515 | €28,488 | -€8,027 | -22.0% |
| Tangible fixed assets | 22/27 | €36,515 | €28,488 | -€8,027 | -22.0% |
| Land and buildings | 22 | €6,131 | €4,562 | -€1,569 | -25.6% |
| Plant, machinery and equipment | 23 | €22,138 | €17,273 | -€4,865 | -22.0% |
| Furniture and vehicles | 24 | €8,246 | €6,653 | -€1,593 | -19.3% |
| Current assets | 29/58 | €31,010 | €23,476 | -€7,534 | -24.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,798 | €23,476 | +€12,678 | +117% |
| Trade receivables | 40 | €5,850 | €8,231 | +€2,381 | +40.7% |
| Other amounts receivable | 41 | €4,948 | €15,245 | +€10,297 | +208% |
| Cash at bank and in hand | 54/58 | €19,322 | - | -€19,322 | |
| Deferred charges and accrued income | 490/1 | €891 | - | -€891 | |
| Total equity and liabilities | 10/49 | €67,525 | €51,964 | -€15,561 | -23.0% |
| Equity | 10/15 | -€4,297 | -€10,824 | -€6,527 | -152% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,297 | -€30,824 | -€6,527 | -26.9% |
| Amounts payable | 17/49 | €71,822 | €62,788 | -€9,034 | -12.6% |
| Amounts payable after more than one year | 17 | €12,215 | €5,000 | -€7,215 | -59.1% |
| Financial debts | 170/4 | €12,215 | €5,000 | -€7,215 | -59.1% |
| Amounts payable within one year | 42/48 | €59,607 | €57,788 | -€1,819 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €6,929 | €7,215 | +€286 | +4.1% |
| Financial debts | 43 | - | €7,173 | +€7,173 | |
| Credit institutions | 430/8 | - | €7,173 | +€7,173 | |
| Trade debts | 44 | €4,907 | €4,432 | -€475 | -9.7% |
| Suppliers | 440/4 | €4,907 | €4,432 | -€475 | -9.7% |
| Advances received on contracts in progress | 46 | €7,079 | - | -€7,079 | |
| Taxes, remuneration and social security | 45 | €10,107 | €2,015 | -€8,092 | -80.1% |
| Taxes | 450/3 | €10,107 | €2,015 | -€8,092 | -80.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,586 | €36,953 | +€6,367 | +20.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,388 | €48,257 | -€36,131 | -42.8% |
| Remuneration, social security and pensions | 62 | €2,310 | - | -€2,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,234 | €17,274 | +€2,040 | +13.4% |
| Other operating charges | 640/8 | €533 | €1,722 | +€1,189 | +223% |
| Operating charges capitalised as restructuring costs | 649 | -€867 | - | +€867 | |
| Gross operating margin | 9900 | €3,709 | €13,907 | +€10,198 | +275% |
| Operating profit (loss) | 9901 | -€13,501 | -€5,089 | +€8,412 | +62.3% |
| Financial income | 75/76B | €136 | €9 | -€127 | -93.4% |
| Recurring financial income | 75 | €136 | €9 | -€127 | -93.4% |
| Financial charges | 65/66B | €1,563 | €1,447 | -€116 | -7.4% |
| Recurring financial charges | 65 | €1,563 | €1,447 | -€116 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,928 | -€6,527 | +€8,401 | +56.3% |
| Income taxes | 67/77 | €2,251 | - | -€2,251 | |
| Profit (loss) for the period | 9904 | -€17,179 | -€6,527 | +€10,652 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,179 | -€6,527 | +€10,652 | +62.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.