TB Connect: what changed
Two fiscal 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.
TB Connect
Largest movements
- Receivables within one year -€45,773
down €45,773 (-75.0%), from €60,999 to €15,226
- Cash -€27,784
down €27,784 (-12.5%), from €221,693 to €193,910
mainly Contributions, distributions and other (-€313,575) and Smaller working-capital items (-€413)
- Reserves -€200,199
down €200,199 (-85.4%), from €234,473 to €34,275
- Other debts +€100,780
up €100,780 (+3046.7%), from €3,308 to €104,088
- Tax, wage and social debts +€26,275
up €26,275 (+60.6%), from €43,366 to €69,641
of which Taxes: +€24,075
- Gross operating margin +€19,601
up €19,601 (+15.1%), from €129,576 to €149,177
- Taxes +€4,567
up €4,567 (+17.0%), from €26,874 to €31,440
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.
Cash bridge derived
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 | €283,155 | €209,598 | -€73,557 | -26.0% |
| Current assets | 29/58 | €283,155 | €209,598 | -€73,557 | -26.0% |
| Amounts receivable within one year | 40/41 | €60,999 | €15,226 | -€45,773 | -75.0% |
| Trade receivables | 40 | €60,999 | €15,226 | -€45,773 | -75.0% |
| Cash at bank and in hand | 54/58 | €221,693 | €193,910 | -€27,784 | -12.5% |
| Deferred charges and accrued income | 490/1 | €463 | €463 | = | 0.0% |
| Total equity and liabilities | 10/49 | €283,155 | €209,598 | -€73,557 | -26.0% |
| Equity | 10/15 | €235,473 | €35,275 | -€200,199 | -85.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €234,473 | €34,275 | -€200,199 | -85.4% |
| Distributable reserves | 133 | €234,473 | €34,275 | -€200,199 | -85.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,681 | €174,324 | +€126,642 | +265.6% |
| Amounts payable within one year | 42/48 | €47,116 | €173,757 | +€126,641 | +268.8% |
| Trade debts | 44 | €442 | €27 | -€414 | -93.8% |
| Suppliers | 440/4 | €442 | €27 | -€414 | -93.8% |
| Taxes, remuneration and social security | 45 | €43,366 | €69,641 | +€26,275 | +60.6% |
| Taxes | 450/3 | €43,366 | €67,441 | +€24,075 | +55.5% |
| Remuneration and social security | 454/9 | €0 | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €3,308 | €104,088 | +€100,780 | +3046.7% |
| Accrued charges and deferred income | 492/3 | €566 | €567 | +€1 | +0.2% |
| Other operating charges | 640/8 | €3,155 | €3,832 | +€677 | +21.5% |
| Gross operating margin | 9900 | €129,576 | €149,177 | +€19,601 | +15.1% |
| Operating profit (loss) | 9901 | €126,421 | €145,345 | +€18,924 | +15.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €122 | €530 | +€407 | +333.5% |
| Recurring financial charges | 65 | €122 | €530 | +€407 | +333.5% |
| Profit (loss) for the period before taxes | 9903 | €126,299 | €144,817 | +€18,518 | +14.7% |
| Income taxes | 67/77 | €26,874 | €31,440 | +€4,567 | +17.0% |
| Profit (loss) for the period | 9904 | €99,426 | €113,376 | +€13,951 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,426 | €113,376 | +€13,951 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.