CONVENT ADVICE: 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.
CONVENT ADVICE
Largest movements
- Receivables within one year +€90,489
up €90,489 (+609%), from €14,861 to €105,350
of which Trade receivables: +€80,269
- Cash -€82,246
down €82,246 (-24.0%), from €342,976 to €260,730
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€123,083)
- Tangible fixed assets +€78,404
up €78,404 (+13.1%), from €600,437 to €678,841
of which Land and buildings: +€79,518
- Reserves -€397,400
down €397,400 (-98.8%), from €402,200 to €4,800
- Other debts +€369,874
up €369,874 (+5,417%), from €6,828 to €376,702
- Tax, wage and social debts +€43,591
up €43,591 (+36.0%), from €121,117 to €164,707
of which Taxes: +€40,367
- Trade debts +€29,246
up €29,246 (+143%), from €20,494 to €49,740
- Current portion of long-term debt +€23,470
new in 2025: €23,470
- Gross operating margin -€314,880
down €314,880 (-61.6%), from €511,090 to €196,211
- Taxes -€71,151
down €71,151 (-70.5%), from €100,922 to €29,772
- Depreciation -€37,815
down €37,815 (-45.8%), from €82,493 to €44,679
- Financial charges +€9,210
up €9,210 (+134%), from €6,857 to €16,067
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 | €960,508 | €1,047,117 | +€86,609 | +9.0% |
| Fixed assets | 21/28 | €600,687 | €679,091 | +€78,404 | +13.1% |
| Tangible fixed assets | 22/27 | €600,437 | €678,841 | +€78,404 | +13.1% |
| Land and buildings | 22 | €580,442 | €659,960 | +€79,518 | +13.7% |
| Furniture and vehicles | 24 | €19,996 | €18,881 | -€1,114 | -5.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €359,820 | €368,026 | +€8,205 | +2.3% |
| Amounts receivable within one year | 40/41 | €14,861 | €105,350 | +€90,489 | +609% |
| Trade receivables | 40 | €14,861 | €95,130 | +€80,269 | +540% |
| Other amounts receivable | 41 | - | €10,220 | +€10,220 | |
| Cash at bank and in hand | 54/58 | €342,976 | €260,730 | -€82,246 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,983 | €1,946 | -€38 | -1.9% |
| Total equity and liabilities | 10/49 | €960,508 | €1,047,117 | +€86,609 | +9.0% |
| Equity | 10/15 | €408,246 | €10,850 | -€397,396 | -97.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €402,200 | €4,800 | -€397,400 | -98.8% |
| Distributable reserves | 133 | €402,200 | €4,800 | -€397,400 | -98.8% |
| Profit (loss) carried forward | 14 | €1,046 | €1,050 | +€4 | +0.4% |
| Amounts payable | 17/49 | €552,261 | €1,036,267 | +€484,006 | +87.6% |
| Amounts payable after more than one year | 17 | €403,823 | €421,648 | +€17,826 | +4.4% |
| Financial debts | 170/4 | €403,823 | €421,648 | +€17,826 | +4.4% |
| Amounts payable within one year | 42/48 | €148,439 | €614,619 | +€466,180 | +314% |
| Current portion of amounts payable after more than one year | 42 | - | €23,470 | +€23,470 | |
| Trade debts | 44 | €20,494 | €49,740 | +€29,246 | +143% |
| Suppliers | 440/4 | €20,494 | €49,740 | +€29,246 | +143% |
| Taxes, remuneration and social security | 45 | €121,117 | €164,707 | +€43,591 | +36.0% |
| Taxes | 450/3 | €121,117 | €161,484 | +€40,367 | +33.3% |
| Remuneration and social security | 454/9 | - | €3,224 | +€3,224 | |
| Other amounts payable | 47/48 | €6,828 | €376,702 | +€369,874 | +5,417% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,493 | €44,679 | -€37,815 | -45.8% |
| Other operating charges | 640/8 | €2,263 | €3,100 | +€837 | +37.0% |
| Non-recurring operating charges | 66A | €2,557 | €0 | -€2,557 | -100% |
| Gross operating margin | 9900 | €511,090 | €196,211 | -€314,880 | -61.6% |
| Operating profit (loss) | 9901 | €423,777 | €148,432 | -€275,345 | -65.0% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €6,857 | €16,067 | +€9,210 | +134% |
| Recurring financial charges | 65 | €6,857 | €16,067 | +€9,210 | +134% |
| Profit (loss) for the period before taxes | 9903 | €416,920 | €132,375 | -€284,545 | -68.2% |
| Income taxes | 67/77 | €100,922 | €29,772 | -€71,151 | -70.5% |
| Profit (loss) for the period | 9904 | €315,998 | €102,604 | -€213,394 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €315,998 | €102,604 | -€213,394 | -67.5% |
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.