STILL 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.
STILL CONNECT
Largest movements
- Intangible fixed assets +€12,750
up €12,750 (+108%), from €11,783 to €24,533
- Tangible fixed assets -€10,748
down €10,748 (-58.9%), from €18,243 to €7,496
of which Furniture and vehicles: -€8,216
- Cash -€8,414
down €8,414 (-32.4%), from €25,969 to €17,555
mainly Net result for the year (-€31,955) and Debts after one year (-€22,119)
- Deferred charges and accrued income +€2,140
up €2,140 (+298%), from €718 to €2,859
- Other debts +€33,004
up €33,004 (+29.6%), from €111,616 to €144,619
- Profit (loss) carried forward -€31,955
down €31,955 (-22.4%), from -€142,953 to -€174,908
- Trade debts +€24,818
up €24,818 (+486%), from €5,111 to €29,929
- Debts after one year -€22,119
down €22,119 (-79.8%), from €27,708 to €5,590
- Tax, wage and social debts -€5,901
down €5,901 (-31.1%), from €18,991 to €13,090
of which Remuneration and social security: -€6,019
- Gross operating margin -€27,337
down €27,337 (-55.5%), from €49,254 to €21,918
- Staff costs -€24,296
down €24,296 (-44.2%), from €54,988 to €30,692
- Depreciation -€5,559
down €5,559 (-25.1%), from €22,191 to €16,632
- Financial charges +€1,022
up €1,022 (+38.4%), from €2,662 to €3,683
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 | €100,575 | €97,058 | -€3,517 | -3.5% |
| Fixed assets | 21/28 | €30,260 | €32,262 | +€2,003 | +6.6% |
| Intangible fixed assets | 21 | €11,783 | €24,533 | +€12,750 | +108% |
| Tangible fixed assets | 22/27 | €18,243 | €7,496 | -€10,748 | -58.9% |
| Plant, machinery and equipment | 23 | €1,549 | €932 | -€617 | -39.8% |
| Furniture and vehicles | 24 | €8,756 | €540 | -€8,216 | -93.8% |
| Other tangible fixed assets | 26 | €7,939 | €6,024 | -€1,915 | -24.1% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €70,315 | €64,795 | -€5,520 | -7.9% |
| Amounts receivable within one year | 40/41 | €43,627 | €44,381 | +€754 | +1.7% |
| Trade receivables | 40 | €42,174 | €42,858 | +€684 | +1.6% |
| Other amounts receivable | 41 | €1,453 | €1,523 | +€70 | +4.8% |
| Cash at bank and in hand | 54/58 | €25,969 | €17,555 | -€8,414 | -32.4% |
| Deferred charges and accrued income | 490/1 | €718 | €2,859 | +€2,140 | +298% |
| Total equity and liabilities | 10/49 | €100,575 | €97,058 | -€3,517 | -3.5% |
| Equity | 10/15 | -€96,080 | -€128,035 | -€31,955 | -33.3% |
| Contributions | 10/11 | €46,606 | €46,606 | = | 0.0% |
| Reserves | 13 | €267 | €267 | = | 0.0% |
| Distributable reserves | 133 | €267 | €267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,953 | -€174,908 | -€31,955 | -22.4% |
| Amounts payable | 17/49 | €196,655 | €225,093 | +€28,437 | +14.5% |
| Amounts payable after more than one year | 17 | €27,708 | €5,590 | -€22,119 | -79.8% |
| Financial debts | 170/4 | €27,708 | €5,590 | -€22,119 | -79.8% |
| Amounts payable within one year | 42/48 | €157,455 | €209,757 | +€52,302 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €21,738 | €22,119 | +€380 | +1.7% |
| Trade debts | 44 | €5,111 | €29,929 | +€24,818 | +486% |
| Suppliers | 440/4 | €5,111 | €29,929 | +€24,818 | +486% |
| Taxes, remuneration and social security | 45 | €18,991 | €13,090 | -€5,901 | -31.1% |
| Taxes | 450/3 | €9,995 | €10,113 | +€118 | +1.2% |
| Remuneration and social security | 454/9 | €8,995 | €2,977 | -€6,019 | -66.9% |
| Other amounts payable | 47/48 | €111,616 | €144,619 | +€33,004 | +29.6% |
| Accrued charges and deferred income | 492/3 | €11,492 | €9,746 | -€1,746 | -15.2% |
| Non-recurring operating income | 76A | €4,050 | - | -€4,050 | |
| Remuneration, social security and pensions | 62 | €54,988 | €30,692 | -€24,296 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,191 | €16,632 | -€5,559 | -25.1% |
| Other operating charges | 640/8 | €1,028 | €1,408 | +€380 | +37.0% |
| Non-recurring operating charges | 66A | - | €1,087 | +€1,087 | |
| Gross operating margin | 9900 | €49,254 | €21,918 | -€27,337 | -55.5% |
| Operating profit (loss) | 9901 | -€28,953 | -€27,902 | +€1,051 | +3.6% |
| Financial income | 75/76B | €270 | €21 | -€249 | -92.2% |
| Recurring financial income | 75 | €270 | €21 | -€249 | -92.2% |
| Financial charges | 65/66B | €2,662 | €3,683 | +€1,022 | +38.4% |
| Recurring financial charges | 65 | €2,662 | €3,683 | +€1,022 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,344 | -€31,564 | -€220 | -0.7% |
| Income taxes | 67/77 | €372 | €391 | +€19 | +5.2% |
| Profit (loss) for the period | 9904 | -€31,716 | -€31,955 | -€239 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,716 | -€31,955 | -€239 | -0.8% |
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 13 October 2026 via checked.be.