CONVENTUM: 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
CONVENTUM
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,583
2024 · €457-€2,040
Equity
€299,436
2024 · €301,019-€1,583
Cash
€27,534
2024 · €17,086+€10,447
Balance sheet total
€1.0m
2024 · €1.1m-€10,575
Largest movements
Assets
- Tangible fixed assets -€18,048
down €18,048 (-1.7%), from €1.0m to €1.0m
Equity and liabilities
- Debts after one year -€26,658
down €26,658 (-17.4%), from €153,013 to €126,356
- Other debts +€24,862
up €24,862 (+4.4%), from €559,810 to €584,673
Income statement
- Gross operating margin -€2,519
down €2,519 (-3.4%), from €74,479 to €71,960
- Depreciation -€1,250
down €1,250 (-3.1%), from €40,094 to €38,844
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
€457
Gross operating margin
-€2,519
Depreciation
+€1,250
Other operating charges
-€214
Financial income
-€157
Financial charges
-€400
Result 2025
-€1,583
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
+€57,583
Investment
-€20,796
Financing
-€26,340
Cash 2024
€17,086
From operations (derived)
+€57,583
Net result for the year
-€1,583
Depreciation
+€38,844
Receivables within one year
+€2,814
Deferred charges and accrued income
+€160
Trade debts
-€1,624
Tax, wage and social debts
-€673
Other debts
+€24,862
Accrued charges and deferred income
-€5,218
Investment (derived)
-€20,796
Investment in fixed assets (net)
-€20,796
Financing
-€26,340
Debts after one year
-€26,658
Current portion of long-term debt
+€318
Cash 2025
€27,534
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,056,129 | €1,045,555 | -€10,575 | -1.0% |
| Fixed assets | 21/28 | €1,034,001 | €1,015,954 | -€18,048 | -1.7% |
| Tangible fixed assets | 22/27 | €1,034,001 | €1,015,954 | -€18,048 | -1.7% |
| Land and buildings | 22 | €1,034,001 | €1,015,954 | -€18,048 | -1.7% |
| Current assets | 29/58 | €22,128 | €29,601 | +€7,473 | +33.8% |
| Amounts receivable within one year | 40/41 | €2,846 | €32 | -€2,814 | -98.9% |
| Trade receivables | 40 | €2,822 | €0 | -€2,822 | -100.0% |
| Other amounts receivable | 41 | €23 | €32 | +€9 | +36.8% |
| Cash at bank and in hand | 54/58 | €17,086 | €27,534 | +€10,447 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,196 | €2,035 | -€160 | -7.3% |
| Total equity and liabilities | 10/49 | €1,056,129 | €1,045,555 | -€10,575 | -1.0% |
| Equity | 10/15 | €301,019 | €299,436 | -€1,583 | -0.5% |
| Contributions | 10/11 | €505,006 | €505,006 | = | 0.0% |
| Capital | 10 | €505,006 | €505,006 | = | 0.0% |
| Issued capital | 100 | €505,006 | €505,006 | = | 0.0% |
| Revaluation surpluses | 12 | €437,689 | €437,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€641,677 | -€643,260 | -€1,583 | -0.2% |
| Amounts payable | 17/49 | €755,111 | €746,119 | -€8,992 | -1.2% |
| Amounts payable after more than one year | 17 | €153,013 | €126,356 | -€26,658 | -17.4% |
| Financial debts | 170/4 | €153,013 | €126,356 | -€26,658 | -17.4% |
| Amounts payable within one year | 42/48 | €588,760 | €611,643 | +€22,883 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €26,340 | €26,658 | +€318 | +1.2% |
| Trade debts | 44 | €1,822 | €199 | -€1,624 | -89.1% |
| Suppliers | 440/4 | €1,822 | €199 | -€1,624 | -89.1% |
| Taxes, remuneration and social security | 45 | €788 | €114 | -€673 | -85.5% |
| Taxes | 450/3 | €788 | €114 | -€673 | -85.5% |
| Other amounts payable | 47/48 | €559,810 | €584,673 | +€24,862 | +4.4% |
| Accrued charges and deferred income | 492/3 | €13,338 | €8,120 | -€5,218 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,094 | €38,844 | -€1,250 | -3.1% |
| Other operating charges | 640/8 | €9,170 | €9,385 | +€214 | +2.3% |
| Gross operating margin | 9900 | €74,479 | €71,960 | -€2,519 | -3.4% |
| Operating profit (loss) | 9901 | €25,214 | €23,731 | -€1,483 | -5.9% |
| Financial income | 75/76B | €186 | €29 | -€157 | -84.5% |
| Recurring financial income | 75 | €186 | €29 | -€157 | -84.5% |
| Financial charges | 65/66B | €24,943 | €25,343 | +€400 | +1.6% |
| Recurring financial charges | 65 | €24,943 | €25,343 | +€400 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €457 | -€1,583 | -€2,040 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €457 | -€1,583 | -€2,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €457 | -€1,583 | -€2,040 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.