CONVER: 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.
CONVER
Largest movements
- Tangible fixed assets -€25,787
down €25,787 (-33.4%), from €77,110 to €51,323
of which Furniture and vehicles: -€19,267
- Stocks and contracts -€15,250
down €15,250 (-82.4%), from €18,500 to €3,250
- Receivables within one year +€14,319
up €14,319 (+719.0%), from €1,992 to €16,310
of which Other amounts receivable: +€9,521
- Cash +€5,913
up €5,913 (+125.9%), from €4,697 to €10,610
mainly Depreciation (+€23,221) and Stocks and contracts (+€15,250)
- Reserves -€20,359
down €20,359 (-49.4%), from €41,186 to €20,827
- Tax, wage and social debts -€11,162
down €11,162 (-90.5%), from €12,335 to €1,174
- Trade debts +€8,971
up €8,971 (+131.8%), from €6,809 to €15,780
- Other debts +€7,696
up €7,696 (+108.9%), from €7,064 to €14,761
- Debts after one year -€6,157
down €6,157 (-27.0%), from €22,789 to €16,632
- Depreciation +€6,396
up €6,396 (+38.0%), from €16,825 to €23,221
- Financial income -€4,134
down €4,134 (-100.0%), from €4,135 to €1
of which Non-recurring financial income: -€4,025
- Other operating charges -€3,097
down €3,097 (-76.4%), from €4,051 to €954
- Financial charges +€2,798
up €2,798 (+227.3%), from €1,231 to €4,029
of which Non-recurring financial charges: +€2,614
- Gross operating margin -€2,519
down €2,519 (-21.3%), from €11,836 to €9,317
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,083 | €81,493 | -€21,590 | -20.9% |
| Fixed assets | 21/28 | €77,110 | €51,323 | -€25,787 | -33.4% |
| Tangible fixed assets | 22/27 | €77,110 | €51,323 | -€25,787 | -33.4% |
| Plant, machinery and equipment | 23 | €17,732 | €11,213 | -€6,519 | -36.8% |
| Furniture and vehicles | 24 | €59,378 | €40,110 | -€19,267 | -32.4% |
| Current assets | 29/58 | €25,973 | €30,170 | +€4,197 | +16.2% |
| Stocks and contracts in progress | 3 | €18,500 | €3,250 | -€15,250 | -82.4% |
| Stocks | 30/36 | €18,500 | €3,250 | -€15,250 | -82.4% |
| Amounts receivable within one year | 40/41 | €1,992 | €16,310 | +€14,319 | +719.0% |
| Trade receivables | 40 | €1,870 | €6,668 | +€4,798 | +256.5% |
| Other amounts receivable | 41 | €121 | €9,642 | +€9,521 | +7855.3% |
| Cash at bank and in hand | 54/58 | €4,697 | €10,610 | +€5,913 | +125.9% |
| Deferred charges and accrued income | 490/1 | €785 | - | -€785 | |
| Total equity and liabilities | 10/49 | €103,083 | €81,493 | -€21,590 | -20.9% |
| Equity | 10/15 | €47,536 | €27,027 | -€20,509 | -43.1% |
| Contributions | 10/11 | €6,350 | €6,200 | -€150 | -2.4% |
| Reserves | 13 | €41,186 | €20,827 | -€20,359 | -49.4% |
| Distributable reserves | 133 | €41,186 | €20,827 | -€20,359 | -49.4% |
| Amounts payable | 17/49 | €55,547 | €54,466 | -€1,081 | -1.9% |
| Amounts payable after more than one year | 17 | €22,789 | €16,632 | -€6,157 | -27.0% |
| Financial debts | 170/4 | €22,789 | €16,632 | -€6,157 | -27.0% |
| Amounts payable within one year | 42/48 | €32,008 | €37,834 | +€5,826 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €5,800 | €6,120 | +€320 | +5.5% |
| Trade debts | 44 | €6,809 | €15,780 | +€8,971 | +131.8% |
| Suppliers | 440/4 | €6,809 | €15,780 | +€8,971 | +131.8% |
| Taxes, remuneration and social security | 45 | €12,335 | €1,174 | -€11,162 | -90.5% |
| Taxes | 450/3 | €12,335 | €1,174 | -€11,162 | -90.5% |
| Other amounts payable | 47/48 | €7,064 | €14,761 | +€7,696 | +108.9% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,825 | €23,221 | +€6,396 | +38.0% |
| Other operating charges | 640/8 | €4,051 | €954 | -€3,097 | -76.4% |
| Gross operating margin | 9900 | €11,836 | €9,317 | -€2,519 | -21.3% |
| Operating profit (loss) | 9901 | -€9,040 | -€14,858 | -€5,818 | -64.4% |
| Financial income | 75/76B | €4,135 | €1 | -€4,134 | -100.0% |
| Recurring financial income | 75 | €110 | €1 | -€109 | -99.3% |
| Non-recurring financial income | 76B | €4,025 | - | -€4,025 | |
| Financial charges | 65/66B | €1,231 | €4,029 | +€2,798 | +227.3% |
| Recurring financial charges | 65 | €1,231 | €1,414 | +€183 | +14.9% |
| Non-recurring financial charges | 66B | - | €2,614 | +€2,614 | |
| Profit (loss) for the period before taxes | 9903 | -€6,136 | -€18,886 | -€12,750 | -207.8% |
| Income taxes | 67/77 | €411 | €763 | +€353 | +85.9% |
| Profit (loss) for the period | 9904 | -€6,547 | -€19,649 | -€13,102 | -200.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,547 | -€19,649 | -€13,102 | -200.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.