Convencido: 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.
Convencido
Largest movements
- Cash -€30,568
down €30,568 (-31.6%), from €96,843 to €66,275
mainly Contributions, distributions and other (-€85,000) and Other debts (-€15,000)
- Tangible fixed assets -€18,070
down €18,070 (-32.4%), from €55,712 to €37,642
- Receivables within one year -€4,635
down €4,635 (-26.6%), from €17,433 to €12,798
of which Trade receivables: -€4,219
- Reserves -€30,913
down €30,913 (-87.5%), from €35,318 to €4,404
- Other debts -€15,000
down €15,000 (-15.0%), from €100,000 to €85,000
- Debts after one year -€10,612
down €10,612 (-92.1%), from €11,517 to €905
- Short-term financial debts +€3,750
new in 2025: €3,750
- Gross operating margin +€1,761
up €1,761 (+2.0%), from €86,220 to €87,980
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
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 | €169,989 | €116,715 | -€53,273 | -31.3% |
| Fixed assets | 21/28 | €55,712 | €37,642 | -€18,070 | -32.4% |
| Tangible fixed assets | 22/27 | €55,712 | €37,642 | -€18,070 | -32.4% |
| Furniture and vehicles | 24 | €55,712 | €37,642 | -€18,070 | -32.4% |
| Current assets | 29/58 | €114,276 | €79,073 | -€35,203 | -30.8% |
| Amounts receivable within one year | 40/41 | €17,433 | €12,798 | -€4,635 | -26.6% |
| Trade receivables | 40 | €16,852 | €12,633 | -€4,219 | -25.0% |
| Other amounts receivable | 41 | €581 | €165 | -€417 | -71.7% |
| Cash at bank and in hand | 54/58 | €96,843 | €66,275 | -€30,568 | -31.6% |
| Total equity and liabilities | 10/49 | €169,989 | €116,715 | -€53,273 | -31.3% |
| Equity | 10/15 | €40,318 | €9,404 | -€30,913 | -76.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,318 | €4,404 | -€30,913 | -87.5% |
| Distributable reserves | 133 | €35,318 | €4,404 | -€30,913 | -87.5% |
| Amounts payable | 17/49 | €129,671 | €107,311 | -€22,360 | -17.2% |
| Amounts payable after more than one year | 17 | €11,517 | €905 | -€10,612 | -92.1% |
| Financial debts | 170/4 | €11,517 | €905 | -€10,612 | -92.1% |
| Amounts payable within one year | 42/48 | €118,154 | €106,406 | -€11,749 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €10,168 | €10,612 | +€444 | +4.4% |
| Financial debts | 43 | - | €3,750 | +€3,750 | |
| Credit institutions | 430/8 | - | €3,750 | +€3,750 | |
| Trade debts | 44 | €316 | €292 | -€24 | -7.5% |
| Suppliers | 440/4 | €316 | €292 | -€24 | -7.5% |
| Taxes, remuneration and social security | 45 | €7,670 | €6,752 | -€919 | -12.0% |
| Taxes | 450/3 | €7,670 | €6,752 | -€919 | -12.0% |
| Other amounts payable | 47/48 | €100,000 | €85,000 | -€15,000 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,747 | €18,070 | +€324 | +1.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.5% |
| Gross operating margin | 9900 | €86,220 | €87,980 | +€1,761 | +2.0% |
| Operating profit (loss) | 9901 | €68,347 | €69,782 | +€1,435 | +2.1% |
| Financial income | 75/76B | €280 | €430 | +€151 | +53.9% |
| Recurring financial income | 75 | €280 | €430 | +€151 | +53.9% |
| Financial charges | 65/66B | €1,281 | €1,161 | -€120 | -9.4% |
| Recurring financial charges | 65 | €1,281 | €1,161 | -€120 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €67,346 | €69,051 | +€1,706 | +2.5% |
| Income taxes | 67/77 | €14,579 | €14,964 | +€386 | +2.6% |
| Profit (loss) for the period | 9904 | €52,767 | €54,087 | +€1,320 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,767 | €54,087 | +€1,320 | +2.5% |
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 16 October 2026 via checked.be.