UE 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.
UE Connect
Largest movements
- Receivables within one year -€27,356
down €27,356 (-96.3%), from €28,402 to €1,046
of which Trade receivables: -€22,184
- Tangible fixed assets +€9,832
up €9,832 (+256%), from €3,837 to €13,670
- Current investments -€1,000
no longer reported in 2025 (was €1,000)
- Deferred charges and accrued income +€846
new in 2025: €846
- Tax, wage and social debts -€10,344
down €10,344 (-56.6%), from €18,289 to €7,946
of which Taxes: -€6,834
- Other debts +€9,614
new in 2025: €9,614
- Profit (loss) carried forward -€7,964
down €7,964 (-114%), from -€7,008 to -€14,972
- Short-term financial debts -€5,726
down €5,726 (-45.8%), from €12,511 to €6,784
- Trade debts -€3,259
down €3,259 (-84.3%), from €3,864 to €605
- Gross operating margin -€29,010
down €29,010 (-83.2%), from €34,861 to €5,851
- Staff costs -€20,789
down €20,789 (-73.2%), from €28,419 to €7,630
- Taxes -€1,716
down €1,716 (-92.4%), from €1,857 to €141
- Depreciation +€1,651
up €1,651 (+85.6%), from €1,928 to €3,579
- Other operating charges -€785
down €785 (-53.0%), from €1,482 to €696
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,239 | €15,562 | -€17,677 | -53.2% |
| Fixed assets | 21/28 | €3,837 | €13,670 | +€9,832 | +256% |
| Tangible fixed assets | 22/27 | €3,837 | €13,670 | +€9,832 | +256% |
| Furniture and vehicles | 24 | €3,837 | €13,670 | +€9,832 | +256% |
| Current assets | 29/58 | €29,402 | €1,892 | -€27,510 | -93.6% |
| Amounts receivable within one year | 40/41 | €28,402 | €1,046 | -€27,356 | -96.3% |
| Trade receivables | 40 | €23,230 | €1,046 | -€22,184 | -95.5% |
| Other amounts receivable | 41 | €5,172 | - | -€5,172 | |
| Current investments | 50/53 | €1,000 | - | -€1,000 | |
| Deferred charges and accrued income | 490/1 | - | €846 | +€846 | |
| Total equity and liabilities | 10/49 | €33,239 | €15,562 | -€17,677 | -53.2% |
| Equity | 10/15 | -€1,523 | -€9,487 | -€7,964 | -523% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,485 | €4,485 | = | 0.0% |
| Distributable reserves | 133 | €4,485 | €4,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,008 | -€14,972 | -€7,964 | -114% |
| Amounts payable | 17/49 | €34,762 | €25,049 | -€9,713 | -27.9% |
| Amounts payable within one year | 42/48 | €34,664 | €24,949 | -€9,715 | -28.0% |
| Financial debts | 43 | €12,511 | €6,784 | -€5,726 | -45.8% |
| Credit institutions | 430/8 | €12,511 | €6,784 | -€5,726 | -45.8% |
| Trade debts | 44 | €3,864 | €605 | -€3,259 | -84.3% |
| Suppliers | 440/4 | €3,864 | €605 | -€3,259 | -84.3% |
| Taxes, remuneration and social security | 45 | €18,289 | €7,946 | -€10,344 | -56.6% |
| Taxes | 450/3 | €14,780 | €7,946 | -€6,834 | -46.2% |
| Remuneration and social security | 454/9 | €3,510 | - | -€3,510 | |
| Other amounts payable | 47/48 | - | €9,614 | +€9,614 | |
| Accrued charges and deferred income | 492/3 | €98 | €100 | +€2 | +1.7% |
| Remuneration, social security and pensions | 62 | €28,419 | €7,630 | -€20,789 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €3,579 | +€1,651 | +85.6% |
| Other operating charges | 640/8 | €1,482 | €696 | -€785 | -53.0% |
| Non-recurring operating charges | 66A | €3,165 | - | -€3,165 | |
| Gross operating margin | 9900 | €34,861 | €5,851 | -€29,010 | -83.2% |
| Operating profit (loss) | 9901 | -€132 | -€6,054 | -€5,923 | -4,492% |
| Financial income | 75/76B | €219 | €198 | -€21 | -9.4% |
| Recurring financial income | 75 | €219 | €198 | -€21 | -9.4% |
| Financial charges | 65/66B | €1,861 | €1,967 | +€106 | +5.7% |
| Recurring financial charges | 65 | €1,861 | €1,967 | +€106 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,774 | -€7,823 | -€6,049 | -341% |
| Income taxes | 67/77 | €1,857 | €141 | -€1,716 | -92.4% |
| Profit (loss) for the period | 9904 | -€3,631 | -€7,964 | -€4,333 | -119% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,631 | -€7,964 | -€4,333 | -119% |
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 15 October 2026 via checked.be.