T-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.
T-CONNECT
Largest movements
- Deferred charges and accrued income +€19,236
up €19,236 (+1,342%), from €1,433 to €20,669
- Tangible fixed assets -€16,816
down €16,816 (-48.5%), from €34,707 to €17,891
- Receivables within one year -€15,303
down €15,303 (-96.9%), from €15,798 to €495
- Debts after one year -€9,854
down €9,854 (-53.6%), from €18,386 to €8,533
- Profit (loss) carried forward -€9,303
down €9,303, from €1,036 to -€8,266
- Tax, wage and social debts +€8,968
up €8,968 (+113%), from €7,910 to €16,878
of which Remuneration and social security: +€10,312
- Trade debts -€1,726
down €1,726 (-46.4%), from €3,720 to €1,994
- Current portion of long-term debt -€1,533
down €1,533 (-13.5%), from €11,387 to €9,854
- Gross operating margin -€11,314
down €11,314 (-17.2%), from €65,826 to €54,512
- Depreciation -€6,966
down €6,966 (-40.8%), from €17,085 to €10,118
- Other operating charges -€3,539
down €3,539 (-51.9%), from €6,820 to €3,281
- Staff costs +€2,643
up €2,643 (+5.7%), from €45,989 to €48,631
- Taxes +€1,097
up €1,097, from -€397 to €700
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 | €52,589 | €39,188 | -€13,401 | -25.5% |
| Fixed assets | 21/28 | €34,707 | €17,891 | -€16,816 | -48.5% |
| Tangible fixed assets | 22/27 | €34,707 | €17,891 | -€16,816 | -48.5% |
| Furniture and vehicles | 24 | €34,707 | €17,891 | -€16,816 | -48.5% |
| Current assets | 29/58 | €17,882 | €21,298 | +€3,416 | +19.1% |
| Amounts receivable within one year | 40/41 | €15,798 | €495 | -€15,303 | -96.9% |
| Other amounts receivable | 41 | €15,798 | €495 | -€15,303 | -96.9% |
| Cash at bank and in hand | 54/58 | €651 | €134 | -€517 | -79.5% |
| Deferred charges and accrued income | 490/1 | €1,433 | €20,669 | +€19,236 | +1,342% |
| Total equity and liabilities | 10/49 | €52,589 | €39,188 | -€13,401 | -25.5% |
| Equity | 10/15 | €11,186 | €1,884 | -€9,303 | -83.2% |
| Contributions | 10/11 | €10,150 | €10,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,036 | -€8,266 | -€9,303 | |
| Amounts payable | 17/49 | €41,403 | €37,305 | -€4,098 | -9.9% |
| Amounts payable after more than one year | 17 | €18,386 | €8,533 | -€9,854 | -53.6% |
| Financial debts | 170/4 | €18,386 | €8,533 | -€9,854 | -53.6% |
| Amounts payable within one year | 42/48 | €23,017 | €28,772 | +€5,755 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €11,387 | €9,854 | -€1,533 | -13.5% |
| Trade debts | 44 | €3,720 | €1,994 | -€1,726 | -46.4% |
| Suppliers | 440/4 | €3,720 | €1,994 | -€1,726 | -46.4% |
| Taxes, remuneration and social security | 45 | €7,910 | €16,878 | +€8,968 | +113% |
| Taxes | 450/3 | €2,213 | €869 | -€1,344 | -60.7% |
| Remuneration and social security | 454/9 | €5,697 | €16,009 | +€10,312 | +181% |
| Other amounts payable | 47/48 | - | €47 | +€47 | |
| Non-recurring operating income | 76A | - | €5,699 | +€5,699 | |
| Remuneration, social security and pensions | 62 | €45,989 | €48,631 | +€2,643 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,085 | €10,118 | -€6,966 | -40.8% |
| Other operating charges | 640/8 | €6,820 | €3,281 | -€3,539 | -51.9% |
| Gross operating margin | 9900 | €65,826 | €54,512 | -€11,314 | -17.2% |
| Operating profit (loss) | 9901 | -€4,068 | -€7,520 | -€3,452 | -84.9% |
| Financial charges | 65/66B | €2,137 | €1,083 | -€1,054 | -49.3% |
| Recurring financial charges | 65 | €2,137 | €1,083 | -€1,054 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,205 | -€8,603 | -€2,398 | -38.6% |
| Income taxes | 67/77 | -€397 | €700 | +€1,097 | |
| Profit (loss) for the period | 9904 | -€5,808 | -€9,303 | -€3,495 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,808 | -€9,303 | -€3,495 | -60.2% |
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 26 October 2026 via checked.be.