THE CONNECTOR: 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.
THE CONNECTOR
Largest movements
- Receivables within one year -€52,356
down €52,356 (-89.7%), from €58,371 to €6,015
of which Trade receivables: -€45,997
- Cash -€1,585
down €1,585 (-5.0%), from €31,825 to €30,240
mainly Trade debts (-€34,750) and Net result for the year (-€12,874)
- Trade debts -€34,750
down €34,750 (-57.0%), from €60,953 to €26,203
- Profit (loss) carried forward -€12,874
new in 2025: -€12,874
- Other debts -€5,132
down €5,132 (-19.8%), from €25,878 to €20,746
- Tax, wage and social debts -€1,184
down €1,184 (-70.7%), from €1,675 to €491
- Gross operating margin -€21,542
down €21,542, from €9,973 to -€11,569
- Other operating charges -€7,286
down €7,286 (-94.8%), from €7,686 to €400
- Financial charges +€885
up €885 (+1,102%), from €80 to €966
- Taxes -€491
no longer reported in 2025 (was €491)
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 | €90,222 | €36,282 | -€53,941 | -59.8% |
| Fixed assets | 21/28 | €26 | €26 | = | 0.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €90,196 | €36,255 | -€53,941 | -59.8% |
| Amounts receivable within one year | 40/41 | €58,371 | €6,015 | -€52,356 | -89.7% |
| Trade receivables | 40 | €51,443 | €5,446 | -€45,997 | -89.4% |
| Other amounts receivable | 41 | €6,928 | €569 | -€6,359 | -91.8% |
| Cash at bank and in hand | 54/58 | €31,825 | €30,240 | -€1,585 | -5.0% |
| Total equity and liabilities | 10/49 | €90,222 | €36,282 | -€53,941 | -59.8% |
| Equity | 10/15 | €1,716 | -€11,158 | -€12,874 | |
| Reserves | 13 | €1,716 | €1,716 | = | 0.0% |
| Distributable reserves | 133 | €1,716 | €1,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,874 | -€12,874 | |
| Amounts payable | 17/49 | €88,507 | €47,440 | -€41,067 | -46.4% |
| Amounts payable within one year | 42/48 | €88,507 | €47,440 | -€41,067 | -46.4% |
| Trade debts | 44 | €60,953 | €26,203 | -€34,750 | -57.0% |
| Suppliers | 440/4 | €60,953 | €26,203 | -€34,750 | -57.0% |
| Taxes, remuneration and social security | 45 | €1,675 | €491 | -€1,184 | -70.7% |
| Taxes | 450/3 | €1,675 | €491 | -€1,184 | -70.7% |
| Other amounts payable | 47/48 | €25,878 | €20,746 | -€5,132 | -19.8% |
| Other operating charges | 640/8 | €7,686 | €400 | -€7,286 | -94.8% |
| Gross operating margin | 9900 | €9,973 | -€11,569 | -€21,542 | |
| Operating profit (loss) | 9901 | €2,287 | -€11,969 | -€14,256 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €80 | €966 | +€885 | +1,102% |
| Recurring financial charges | 65 | €80 | €966 | +€885 | +1,102% |
| Profit (loss) for the period before taxes | 9903 | €2,207 | -€12,874 | -€15,081 | |
| Income taxes | 67/77 | €491 | - | -€491 | |
| Profit (loss) for the period | 9904 | €1,716 | -€12,874 | -€14,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,716 | -€12,874 | -€14,590 |
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 14 October 2026 via checked.be.