tReconnect: 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.
tReconnect
Largest movements
- Receivables within one year -€167,900
down €167,900 (-99.9%), from €168,110 to €210
of which Other amounts receivable: -€165,819
- Cash +€84,184
up €84,184 (+54.6%), from €154,151 to €238,335
mainly Receivables within one year (+€167,900) and Depreciation (+€26,698)
- Tangible fixed assets +€24,956
up €24,956 (+6.1%), from €408,859 to €433,815
of which Land and buildings: +€24,956
- Debts after one year -€35,667
down €35,667 (-12.0%), from €297,222 to €261,556
- Reserves -€32,363
down €32,363 (-8.3%), from €391,061 to €358,698
- Tax, wage and social debts +€8,335
up €8,335 (+490.5%), from €1,699 to €10,034
of which Taxes: +€8,335
- Gross operating margin -€34,361
down €34,361 (-70.2%), from €48,930 to €14,570
- Staff costs -€16,283
down €16,283, from €16,257 to -€26
- Other operating charges +€7,916
up €7,916 (+117.7%), from €6,724 to €14,641
- Financial income -€5,416
down €5,416 (-100.0%), from €5,416 to €0
- Depreciation +€4,996
up €4,996 (+23.0%), from €21,703 to €26,698
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 | €737,043 | €672,360 | -€64,683 | -8.8% |
| Fixed assets | 21/28 | €408,859 | €433,815 | +€24,956 | +6.1% |
| Tangible fixed assets | 22/27 | €408,859 | €433,815 | +€24,956 | +6.1% |
| Land and buildings | 22 | €408,859 | €433,815 | +€24,956 | +6.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €328,184 | €238,545 | -€89,639 | -27.3% |
| Amounts receivable within one year | 40/41 | €168,110 | €210 | -€167,900 | -99.9% |
| Trade receivables | 40 | €2,082 | €0 | -€2,082 | -100.0% |
| Other amounts receivable | 41 | €166,029 | €210 | -€165,819 | -99.9% |
| Cash at bank and in hand | 54/58 | €154,151 | €238,335 | +€84,184 | +54.6% |
| Deferred charges and accrued income | 490/1 | €5,923 | €0 | -€5,923 | -100.0% |
| Total equity and liabilities | 10/49 | €737,043 | €672,360 | -€64,683 | -8.8% |
| Equity | 10/15 | €397,261 | €364,898 | -€32,363 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €391,061 | €358,698 | -€32,363 | -8.3% |
| Distributable reserves | 133 | €391,061 | €358,698 | -€32,363 | -8.3% |
| Amounts payable | 17/49 | €339,782 | €307,462 | -€32,320 | -9.5% |
| Amounts payable after more than one year | 17 | €297,222 | €261,556 | -€35,667 | -12.0% |
| Financial debts | 170/4 | €297,222 | €261,556 | -€35,667 | -12.0% |
| Amounts payable within one year | 42/48 | €42,560 | €45,906 | +€3,347 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €35,667 | €35,667 | = | 0.0% |
| Trade debts | 44 | €5,194 | €205 | -€4,989 | -96.1% |
| Suppliers | 440/4 | €5,194 | €205 | -€4,989 | -96.1% |
| Taxes, remuneration and social security | 45 | €1,699 | €10,034 | +€8,335 | +490.5% |
| Taxes | 450/3 | €1,699 | €10,034 | +€8,335 | +490.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,257 | -€26 | -€16,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,703 | €26,698 | +€4,996 | +23.0% |
| Other operating charges | 640/8 | €6,724 | €14,641 | +€7,916 | +117.7% |
| Gross operating margin | 9900 | €48,930 | €14,570 | -€34,361 | -70.2% |
| Operating profit (loss) | 9901 | €4,247 | -€26,743 | -€30,990 | |
| Financial income | 75/76B | €5,416 | €0 | -€5,416 | -100.0% |
| Recurring financial income | 75 | €5,416 | €0 | -€5,416 | -100.0% |
| Financial charges | 65/66B | €7,903 | €5,620 | -€2,283 | -28.9% |
| Recurring financial charges | 65 | €7,903 | €5,620 | -€2,283 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,759 | -€32,363 | -€34,122 | |
| Income taxes | 67/77 | €276 | €0 | -€276 | -100.0% |
| Profit (loss) for the period | 9904 | €1,482 | -€32,363 | -€33,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,482 | -€32,363 | -€33,845 |
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 6 October 2026 via checked.be.