WE 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.
WE CONNECT
Largest movements
- Deferred charges and accrued income -€2,854
down €2,854 (-87.8%), from €3,251 to €397
- Receivables within one year -€2,826
down €2,826 (-16.2%), from €17,397 to €14,571
of which Trade receivables: -€5,037
- Tangible fixed assets -€892
down €892 (-32.1%), from €2,775 to €1,884
- Trade debts -€1,891
down €1,891 (-68.1%), from €2,776 to €886
- Current portion of long-term debt -€1,161
no longer reported in 2025 (was €1,161)
- Profit (loss) carried forward -€1,119
down €1,119 (-2.0%), from €56,412 to €55,294
- Other debts -€1,057
down €1,057 (-61.3%), from €1,722 to €666
- Short-term financial debts -€817
no longer reported in 2025 (was €817)
- Gross operating margin -€6,467
down €6,467 (-63.5%), from €10,177 to €3,710
- Taxes -€1,504
down €1,504 (-44.3%), from €3,392 to €1,888
- Financial charges +€601
up €601 (+397.5%), from €151 to €752
- Write-downs +€485
new in 2025: €485
- Financial income +€390
up €390 (+81.7%), from €477 to €867
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 | €69,685 | €63,219 | -€6,466 | -9.3% |
| Fixed assets | 21/28 | €3,100 | €1,908 | -€1,192 | -38.4% |
| Intangible fixed assets | 21 | €325 | €25 | -€300 | -92.4% |
| Tangible fixed assets | 22/27 | €2,775 | €1,884 | -€892 | -32.1% |
| Furniture and vehicles | 24 | €2,775 | €1,884 | -€892 | -32.1% |
| Current assets | 29/58 | €66,585 | €61,311 | -€5,274 | -7.9% |
| Amounts receivable within one year | 40/41 | €17,397 | €14,571 | -€2,826 | -16.2% |
| Trade receivables | 40 | €11,988 | €6,951 | -€5,037 | -42.0% |
| Other amounts receivable | 41 | €5,410 | €7,621 | +€2,211 | +40.9% |
| Cash at bank and in hand | 54/58 | €45,936 | €46,343 | +€407 | +0.9% |
| Deferred charges and accrued income | 490/1 | €3,251 | €397 | -€2,854 | -87.8% |
| Total equity and liabilities | 10/49 | €69,685 | €63,219 | -€6,466 | -9.3% |
| Equity | 10/15 | €58,912 | €57,794 | -€1,119 | -1.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,412 | €55,294 | -€1,119 | -2.0% |
| Amounts payable | 17/49 | €10,773 | €5,426 | -€5,347 | -49.6% |
| Amounts payable within one year | 42/48 | €10,773 | €5,426 | -€5,347 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €1,161 | - | -€1,161 | |
| Financial debts | 43 | €817 | - | -€817 | |
| Credit institutions | 430/8 | €817 | - | -€817 | |
| Trade debts | 44 | €2,776 | €886 | -€1,891 | -68.1% |
| Suppliers | 440/4 | €2,776 | €886 | -€1,891 | -68.1% |
| Taxes, remuneration and social security | 45 | €4,296 | €3,875 | -€421 | -9.8% |
| Taxes | 450/3 | €4,296 | €3,875 | -€421 | -9.8% |
| Other amounts payable | 47/48 | €1,722 | €666 | -€1,057 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €1,192 | -€91 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €485 | +€485 | |
| Other operating charges | 640/8 | €1,284 | €1,379 | +€95 | +7.4% |
| Gross operating margin | 9900 | €10,177 | €3,710 | -€6,467 | -63.5% |
| Operating profit (loss) | 9901 | €7,610 | €655 | -€6,956 | -91.4% |
| Financial income | 75/76B | €477 | €867 | +€390 | +81.7% |
| Recurring financial income | 75 | €477 | €867 | +€390 | +81.7% |
| Financial charges | 65/66B | €151 | €752 | +€601 | +397.5% |
| Recurring financial charges | 65 | €151 | €752 | +€601 | +397.5% |
| Profit (loss) for the period before taxes | 9903 | €7,936 | €770 | -€7,167 | -90.3% |
| Income taxes | 67/77 | €3,392 | €1,888 | -€1,504 | -44.3% |
| Profit (loss) for the period | 9904 | €4,544 | -€1,119 | -€5,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,544 | -€1,119 | -€5,663 |
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 10 October 2026 via checked.be.