RED CONNECT CONSULTING: 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.
RED CONNECT CONSULTING
Largest movements
- Receivables within one year +€36,589
up €36,589 (+209%), from €17,465 to €54,054
of which Trade receivables: +€36,570
- Cash -€25,943
down €25,943 (-36.5%), from €71,157 to €45,214
mainly Receivables within one year (-€36,589) and Debts after one year (-€8,903)
- Tangible fixed assets -€7,288
down €7,288 (-12.3%), from €59,475 to €52,187
of which Leasing and similar rights: -€9,807
- Debts after one year -€8,903
down €8,903 (-28.3%), from €31,432 to €22,529
- Profit (loss) carried forward +€8,802
up €8,802 (+16.2%), from €54,340 to €63,142
- Other debts +€3,945
up €3,945 (+45.4%), from €8,693 to €12,638
- Trade debts -€3,794
down €3,794 (-27.5%), from €13,804 to €10,010
- Tax, wage and social debts +€3,393
up €3,393 (+12.5%), from €27,181 to €30,574
- Gross operating margin -€57,180
down €57,180 (-65.8%), from €86,892 to €29,712
- Taxes -€15,890
down €15,890 (-81.3%), from €19,552 to €3,663
- Depreciation +€4,131
up €4,131 (+49.0%), from €8,426 to €12,557
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 | €149,381 | €152,968 | +€3,587 | +2.4% |
| Fixed assets | 21/28 | €59,475 | €52,187 | -€7,288 | -12.3% |
| Tangible fixed assets | 22/27 | €59,475 | €52,187 | -€7,288 | -12.3% |
| Plant, machinery and equipment | 23 | €8,561 | €7,631 | -€930 | -10.9% |
| Leasing and similar rights | 25 | €43,174 | €33,367 | -€9,807 | -22.7% |
| Other tangible fixed assets | 26 | €7,740 | €11,189 | +€3,449 | +44.6% |
| Current assets | 29/58 | €89,906 | €100,781 | +€10,876 | +12.1% |
| Amounts receivable within one year | 40/41 | €17,465 | €54,054 | +€36,589 | +209% |
| Trade receivables | 40 | €17,465 | €54,035 | +€36,570 | +209% |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €71,157 | €45,214 | -€25,943 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,284 | €1,514 | +€230 | +17.9% |
| Total equity and liabilities | 10/49 | €149,381 | €152,968 | +€3,587 | +2.4% |
| Equity | 10/15 | €59,340 | €68,142 | +€8,802 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,340 | €63,142 | +€8,802 | +16.2% |
| Amounts payable | 17/49 | €90,041 | €84,826 | -€5,215 | -5.8% |
| Amounts payable after more than one year | 17 | €31,432 | €22,529 | -€8,903 | -28.3% |
| Financial debts | 170/4 | €31,432 | €22,529 | -€8,903 | -28.3% |
| Amounts payable within one year | 42/48 | €58,251 | €62,125 | +€3,874 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,573 | €8,903 | +€331 | +3.9% |
| Trade debts | 44 | €13,804 | €10,010 | -€3,794 | -27.5% |
| Suppliers | 440/4 | €13,804 | €10,010 | -€3,794 | -27.5% |
| Taxes, remuneration and social security | 45 | €27,181 | €30,574 | +€3,393 | +12.5% |
| Taxes | 450/3 | €27,181 | €30,574 | +€3,393 | +12.5% |
| Other amounts payable | 47/48 | €8,693 | €12,638 | +€3,945 | +45.4% |
| Accrued charges and deferred income | 492/3 | €358 | €172 | -€186 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €12,557 | +€4,131 | +49.0% |
| Other operating charges | 640/8 | €2,098 | €1,551 | -€547 | -26.1% |
| Gross operating margin | 9900 | €86,892 | €29,712 | -€57,180 | -65.8% |
| Operating profit (loss) | 9901 | €76,368 | €15,604 | -€60,763 | -79.6% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100% |
| Financial charges | 65/66B | €1,644 | €2,306 | +€662 | +40.3% |
| Recurring financial charges | 65 | €1,644 | €2,306 | +€662 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €74,752 | €13,298 | -€61,454 | -82.2% |
| Income taxes | 67/77 | €19,552 | €3,663 | -€15,890 | -81.3% |
| Profit (loss) for the period | 9904 | €55,199 | €9,635 | -€45,564 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,199 | €9,635 | -€45,564 | -82.5% |
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 29 October 2026 via checked.be.