CONVAS: 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.
CONVAS
Largest movements
- Tangible fixed assets +€145,833
up €145,833 (+67.5%), from €216,104 to €361,937
of which Other tangible fixed assets: +€171,461
- Deferred charges and accrued income -€17,216
down €17,216 (-81.8%), from €21,057 to €3,841
- Cash +€12,711
up €12,711 (+39.7%), from €31,982 to €44,693
mainly Debts after one year (+€130,843) and Net result for the year (+€97,949)
- Other debts -€137,582
down €137,582 (-48.5%), from €283,397 to €145,815
- Debts after one year +€130,843
up €130,843 (+112.1%), from €116,762 to €247,605
- Profit (loss) carried forward +€97,949
up €97,949 (+32.0%), from €306,019 to €403,967
- Current portion of long-term debt +€41,904
up €41,904 (+92.2%), from €45,433 to €87,337
- Staff costs +€27,656
up €27,656 (+49.9%), from €55,463 to €83,120
- Gross operating margin -€26,851
down €26,851 (-8.0%), from €334,727 to €307,876
- Depreciation +€22,208
up €22,208 (+45.5%), from €48,807 to €71,014
- Taxes -€20,014
down €20,014 (-36.6%), from €54,637 to €34,623
- Other operating charges +€11,377
up €11,377 (+272.9%), from €4,169 to €15,546
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 | €866,165 | €1,012,613 | +€146,449 | +16.9% |
| Fixed assets | 21/28 | €222,287 | €365,070 | +€142,783 | +64.2% |
| Intangible fixed assets | 21 | €6,183 | €3,132 | -€3,050 | -49.3% |
| Tangible fixed assets | 22/27 | €216,104 | €361,937 | +€145,833 | +67.5% |
| Plant, machinery and equipment | 23 | €5,350 | €4,420 | -€930 | -17.4% |
| Furniture and vehicles | 24 | €12,636 | €28,576 | +€15,940 | +126.2% |
| Leasing and similar rights | 25 | €149,232 | €108,594 | -€40,639 | -27.2% |
| Other tangible fixed assets | 26 | €48,886 | €220,348 | +€171,461 | +350.7% |
| Current assets | 29/58 | €643,878 | €647,544 | +€3,666 | +0.6% |
| Amounts receivable within one year | 40/41 | €590,839 | €599,010 | +€8,171 | +1.4% |
| Trade receivables | 40 | €74,891 | €19,991 | -€54,900 | -73.3% |
| Other amounts receivable | 41 | €515,948 | €579,019 | +€63,071 | +12.2% |
| Cash at bank and in hand | 54/58 | €31,982 | €44,693 | +€12,711 | +39.7% |
| Deferred charges and accrued income | 490/1 | €21,057 | €3,841 | -€17,216 | -81.8% |
| Total equity and liabilities | 10/49 | €866,165 | €1,012,613 | +€146,449 | +16.9% |
| Equity | 10/15 | €311,019 | €408,967 | +€97,949 | +31.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,019 | €403,967 | +€97,949 | +32.0% |
| Amounts payable | 17/49 | €555,146 | €603,646 | +€48,500 | +8.7% |
| Amounts payable after more than one year | 17 | €116,762 | €247,605 | +€130,843 | +112.1% |
| Financial debts | 170/4 | €116,762 | €247,605 | +€130,843 | +112.1% |
| Amounts payable within one year | 42/48 | €436,884 | €354,541 | -€82,343 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €45,433 | €87,337 | +€41,904 | +92.2% |
| Trade debts | 44 | €101,585 | €111,179 | +€9,594 | +9.4% |
| Suppliers | 440/4 | €101,585 | €111,179 | +€9,594 | +9.4% |
| Taxes, remuneration and social security | 45 | €6,469 | €10,210 | +€3,741 | +57.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €6,469 | €10,210 | +€3,741 | +57.8% |
| Other amounts payable | 47/48 | €283,397 | €145,815 | -€137,582 | -48.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €55,463 | €83,120 | +€27,656 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,807 | €71,014 | +€22,208 | +45.5% |
| Other operating charges | 640/8 | €4,169 | €15,546 | +€11,377 | +272.9% |
| Gross operating margin | 9900 | €334,727 | €307,876 | -€26,851 | -8.0% |
| Operating profit (loss) | 9901 | €226,288 | €138,197 | -€88,092 | -38.9% |
| Financial income | 75/76B | €7,843 | €9,586 | +€1,742 | +22.2% |
| Recurring financial income | 75 | €7,843 | €9,586 | +€1,742 | +22.2% |
| Financial charges | 65/66B | €11,857 | €15,211 | +€3,354 | +28.3% |
| Recurring financial charges | 65 | €11,857 | €15,211 | +€3,354 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €222,275 | €132,572 | -€89,703 | -40.4% |
| Income taxes | 67/77 | €54,637 | €34,623 | -€20,014 | -36.6% |
| Profit (loss) for the period | 9904 | €167,637 | €97,949 | -€69,689 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €167,637 | €97,949 | -€69,689 | -41.6% |
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 11 October 2026 via checked.be.