CONVENS: 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.
What changed
CONVENS
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€267,282
2024 · €208,430+€58,852
Equity
€1.9m
2024 · €1.7m+€267,282
Cash
€571,661
2024 · €277,178+€294,483
Balance sheet total
€2.4m
2024 · €2.2m+€259,015
Largest movements
Assets
- Cash +€294,483
up €294,483 (+106.2%), from €277,178 to €571,661
mainly Net result for the year (+€267,282) and Receivables within one year (+€63,190)
- Receivables within one year -€63,190
down €63,190 (-5.4%), from €1.2m to €1.1m
of which Trade receivables: -€74,018
Equity and liabilities
- Profit (loss) carried forward +€267,282
up €267,282 (+17.7%), from €1.5m to €1.8m
Income statement
- Gross operating margin +€86,527
up €86,527 (+21.5%), from €402,013 to €488,539
- Taxes +€22,479
up €22,479 (+29.0%), from €77,573 to €100,052
- Depreciation +€5,272
up €5,272 (+16.8%), from €31,303 to €36,575
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.
Result 2024
€208,430
Gross operating margin
+€86,527
Staff costs
+€2,269
Depreciation
-€5,272
Other operating charges
-€2,654
Other operating items
-€1,916
Financial charges
+€2,378
Taxes
-€22,479
Result 2025
€267,282
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.
From operations
+€359,254
Investment
-€43,445
Financing
-€21,326
Cash 2024
€277,178
From operations (derived)
+€359,254
Net result for the year
+€267,282
Depreciation
+€36,575
Stocks and contracts
-€20,181
Receivables within one year
+€63,190
Deferred charges and accrued income
-€671
Trade debts
+€3,447
Tax, wage and social debts
+€8,779
Accrued charges and deferred income
+€833
Investment (derived)
-€43,445
Investment in fixed assets (net)
-€43,445
Financing
-€21,326
Debts after one year
-€21,005
Current portion of long-term debt
-€321
Cash 2025
€571,661
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,167,810 | €2,426,825 | +€259,015 | +11.9% |
| Fixed assets | 21/28 | €206,664 | €213,534 | +€6,870 | +3.3% |
| Tangible fixed assets | 22/27 | €205,994 | €212,865 | +€6,870 | +3.3% |
| Land and buildings | 22 | €94,405 | €95,145 | +€740 | +0.8% |
| Plant, machinery and equipment | 23 | €3,122 | €2,431 | -€691 | -22.1% |
| Furniture and vehicles | 24 | €42,883 | €66,201 | +€23,319 | +54.4% |
| Leasing and similar rights | 25 | €65,585 | €49,087 | -€16,498 | -25.2% |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €1,961,146 | €2,213,292 | +€252,145 | +12.9% |
| Stocks and contracts in progress | 3 | €2,960 | €23,142 | +€20,181 | +681.8% |
| Stocks | 30/36 | €2,960 | €23,142 | +€20,181 | +681.8% |
| Amounts receivable within one year | 40/41 | €1,171,574 | €1,108,384 | -€63,190 | -5.4% |
| Trade receivables | 40 | €586,110 | €512,092 | -€74,018 | -12.6% |
| Other amounts receivable | 41 | €585,464 | €596,292 | +€10,828 | +1.8% |
| Current investments | 50/53 | €499,550 | €499,550 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €277,178 | €571,661 | +€294,483 | +106.2% |
| Deferred charges and accrued income | 490/1 | €9,885 | €10,556 | +€671 | +6.8% |
| Total equity and liabilities | 10/49 | €2,167,810 | €2,426,825 | +€259,015 | +11.9% |
| Equity | 10/15 | €1,665,167 | €1,932,449 | +€267,282 | +16.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €90,911 | €90,911 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,427 | €8,427 | = | 0.0% |
| Legal reserve | 130 | €8,427 | €8,427 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,484 | €82,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,512,283 | €1,779,565 | +€267,282 | +17.7% |
| Amounts payable | 17/49 | €502,643 | €494,377 | -€8,266 | -1.6% |
| Amounts payable after more than one year | 17 | €56,597 | €35,591 | -€21,005 | -37.1% |
| Financial debts | 170/4 | €56,597 | €35,591 | -€21,005 | -37.1% |
| Amounts payable within one year | 42/48 | €446,047 | €457,952 | +€11,906 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €21,326 | €21,005 | -€321 | -1.5% |
| Trade debts | 44 | €331,171 | €334,618 | +€3,447 | +1.0% |
| Suppliers | 440/4 | €331,171 | €334,618 | +€3,447 | +1.0% |
| Taxes, remuneration and social security | 45 | €93,550 | €102,329 | +€8,779 | +9.4% |
| Taxes | 450/3 | €90,232 | €100,364 | +€10,132 | +11.2% |
| Remuneration and social security | 454/9 | €3,318 | €1,965 | -€1,353 | -40.8% |
| Accrued charges and deferred income | 492/3 | - | €833 | +€833 | |
| Non-recurring operating income | 76A | - | €5,779 | +€5,779 | |
| Remuneration, social security and pensions | 62 | €68,419 | €66,150 | -€2,269 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,303 | €36,575 | +€5,272 | +16.8% |
| Other operating charges | 640/8 | €6,671 | €9,325 | +€2,654 | +39.8% |
| Non-recurring operating charges | 66A | €1,738 | €3,654 | +€1,916 | +110.3% |
| Gross operating margin | 9900 | €402,013 | €488,539 | +€86,527 | +21.5% |
| Operating profit (loss) | 9901 | €293,882 | €372,836 | +€78,954 | +26.9% |
| Financial charges | 65/66B | €7,880 | €5,502 | -€2,378 | -30.2% |
| Recurring financial charges | 65 | €7,880 | €5,502 | -€2,378 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €286,003 | €367,334 | +€81,331 | +28.4% |
| Income taxes | 67/77 | €77,573 | €100,052 | +€22,479 | +29.0% |
| Profit (loss) for the period | 9904 | €208,430 | €267,282 | +€58,852 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €208,430 | €267,282 | +€58,852 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.