CONVANTO: 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.
CONVANTO
Largest movements
- Stocks and contracts +€68,874
up €68,874 (+6034.7%), from €1,141 to €70,015
- Tangible fixed assets +€17,840
up €17,840 (+72.4%), from €24,653 to €42,493
of which Furniture and vehicles: +€16,564
- Receivables within one year -€15,140
down €15,140 (-75.6%), from €20,032 to €4,892
of which Trade receivables: -€12,048
- Cash +€10,579
up €10,579 (+43.2%), from €24,479 to €35,057
mainly Debts after one year (+€75,059) and Other debts (+€48,809)
- Intangible fixed assets +€5,875
up €5,875 (+164.9%), from €3,562 to €9,437
- Profit (loss) carried forward -€90,402
down €90,402, from €351 to -€90,051
- Debts after one year +€75,059
up €75,059 (+400.0%), from €18,765 to €93,824
- Other debts +€48,809
up €48,809 (+1989.6%), from €2,453 to €51,263
- Advances received +€22,238
up €22,238 (+324.5%), from €6,852 to €29,090
- Current portion of long-term debt +€19,166
up €19,166 (+430.8%), from €4,449 to €23,615
- Gross operating margin -€50,371
down €50,371, from €23,918 to -€26,453
- Staff costs +€40,939
new in 2024: €40,939
- Depreciation +€10,682
up €10,682 (+762.8%), from €1,400 to €12,082
- Taxes -€5,564
down €5,564 (-96.2%), from €5,786 to €222
- Financial charges +€3,969
up €3,969 (+215.4%), from €1,843 to €5,812
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,004 | €166,895 | +€90,891 | +119.6% |
| Fixed assets | 21/28 | €28,215 | €56,930 | +€28,715 | +101.8% |
| Intangible fixed assets | 21 | €3,562 | €9,437 | +€5,875 | +164.9% |
| Tangible fixed assets | 22/27 | €24,653 | €42,493 | +€17,840 | +72.4% |
| Plant, machinery and equipment | 23 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | €24,653 | €41,217 | +€16,564 | +67.2% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €47,789 | €109,965 | +€62,176 | +130.1% |
| Stocks and contracts in progress | 3 | €1,141 | €70,015 | +€68,874 | +6034.7% |
| Stocks | 30/36 | €1,141 | €70,015 | +€68,874 | +6034.7% |
| Amounts receivable within one year | 40/41 | €20,032 | €4,892 | -€15,140 | -75.6% |
| Trade receivables | 40 | €16,940 | €4,892 | -€12,048 | -71.1% |
| Other amounts receivable | 41 | €3,092 | - | -€3,092 | |
| Cash at bank and in hand | 54/58 | €24,479 | €35,057 | +€10,579 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,137 | - | -€2,137 | |
| Total equity and liabilities | 10/49 | €76,004 | €166,895 | +€90,891 | +119.6% |
| Equity | 10/15 | €34,951 | -€55,451 | -€90,402 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351 | -€90,051 | -€90,402 | |
| Amounts payable | 17/49 | €41,053 | €222,346 | +€181,293 | +441.6% |
| Amounts payable after more than one year | 17 | €18,765 | €93,824 | +€75,059 | +400.0% |
| Financial debts | 170/4 | €18,765 | €93,824 | +€75,059 | +400.0% |
| Amounts payable within one year | 42/48 | €22,288 | €126,522 | +€104,234 | +467.7% |
| Current portion of amounts payable after more than one year | 42 | €4,449 | €23,615 | +€19,166 | +430.8% |
| Trade debts | 44 | €4,606 | €5,477 | +€870 | +18.9% |
| Suppliers | 440/4 | €4,606 | €5,477 | +€870 | +18.9% |
| Advances received on contracts in progress | 46 | €6,852 | €29,090 | +€22,238 | +324.5% |
| Taxes, remuneration and social security | 45 | €3,928 | €17,078 | +€13,150 | +334.8% |
| Taxes | 450/3 | €3,928 | €12,118 | +€8,190 | +208.5% |
| Remuneration and social security | 454/9 | - | €4,960 | +€4,960 | |
| Other amounts payable | 47/48 | €2,453 | €51,263 | +€48,809 | +1989.6% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | - | €40,939 | +€40,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €12,082 | +€10,682 | +762.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,963 | +€2,963 | |
| Other operating charges | 640/8 | €1,146 | €2,412 | +€1,265 | +110.4% |
| Gross operating margin | 9900 | €23,918 | -€26,453 | -€50,371 | |
| Operating profit (loss) | 9901 | €21,371 | -€84,848 | -€106,219 | |
| Financial income | 75/76B | €567 | €480 | -€87 | -15.4% |
| Recurring financial income | 75 | €567 | €480 | -€87 | -15.4% |
| Financial charges | 65/66B | €1,843 | €5,812 | +€3,969 | +215.4% |
| Recurring financial charges | 65 | €1,843 | €5,812 | +€3,969 | +215.4% |
| Profit (loss) for the period before taxes | 9903 | €20,095 | -€90,181 | -€110,276 | |
| Income taxes | 67/77 | €5,786 | €222 | -€5,564 | -96.2% |
| Profit (loss) for the period | 9904 | €14,309 | -€90,402 | -€104,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,309 | -€90,402 | -€104,711 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.