CONVER PLUS: 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.
CONVER PLUS
Largest movements
- Current investments +€175,000
up €175,000, from €0 to €175,000
- Cash -€121,903
down €121,903 (-90.2%), from €135,094 to €13,191
mainly Current investments (-€175,000) and Contributions, distributions and other (-€109,280)
- Receivables within one year +€32,544
up €32,544 (+33.6%), from €96,962 to €129,506
of which Other amounts receivable: +€32,544
- Tangible fixed assets -€6,773
down €6,773 (-42.0%), from €16,133 to €9,360
of which Furniture and vehicles: -€6,773
- Other debts +€94,210
up €94,210, from €0 to €94,210
- Reserves -€15,000
down €15,000 (-6.4%), from €232,882 to €217,882
- Turnover +€195,407
new in 2025: €195,407
- Purchases and services +€67,760
new in 2025: €67,760
- Taxes -€7,812
down €7,812 (-22.7%), from €34,372 to €26,560
- Financial income -€2,236
down €2,236 (-54.9%), from €4,071 to €1,835
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,678 | €328,176 | +€79,498 | +32.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,133 | €9,360 | -€6,773 | -42.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,133 | €9,360 | -€6,773 | -42.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €16,133 | €9,360 | -€6,773 | -42.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €232,545 | €318,816 | +€86,271 | +37.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €96,962 | €129,506 | +€32,544 | +33.6% |
| Trade receivables | 40 | €25,531 | €25,531 | = | 0.0% |
| Other amounts receivable | 41 | €71,431 | €103,975 | +€32,544 | +45.6% |
| Current investments | 50/53 | €0 | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €135,094 | €13,191 | -€121,903 | -90.2% |
| Deferred charges and accrued income | 490/1 | €489 | €1,119 | +€630 | +128.8% |
| Total equity and liabilities | 10/49 | €248,678 | €328,176 | +€79,498 | +32.0% |
| Equity | 10/15 | €237,882 | €222,882 | -€15,000 | -6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €232,882 | €217,882 | -€15,000 | -6.4% |
| Distributable reserves | 133 | €232,882 | €217,882 | -€15,000 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €10,796 | €105,294 | +€94,498 | +875.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,370 | €104,612 | +€94,242 | +908.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €541 | €176 | -€365 | -67.5% |
| Suppliers | 440/4 | €541 | €176 | -€365 | -67.5% |
| Taxes, remuneration and social security | 45 | €9,829 | €10,226 | +€397 | +4.0% |
| Taxes | 450/3 | €9,829 | €10,226 | +€397 | +4.0% |
| Other amounts payable | 47/48 | €0 | €94,210 | +€94,210 | |
| Accrued charges and deferred income | 492/3 | €426 | €682 | +€256 | +60.1% |
| Turnover | 70 | - | €195,407 | +€195,407 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €67,760 | +€67,760 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,866 | €6,773 | -€93 | -1.4% |
| Other operating charges | 640/8 | €1,335 | €1,147 | -€188 | -14.1% |
| Gross operating margin | 9900 | €127,198 | €127,647 | +€449 | +0.4% |
| Operating profit (loss) | 9901 | €118,997 | €119,727 | +€730 | +0.6% |
| Financial income | 75/76B | €4,071 | €1,835 | -€2,236 | -54.9% |
| Recurring financial income | 75 | €4,071 | €1,835 | -€2,236 | -54.9% |
| Financial charges | 65/66B | €329 | €722 | +€393 | +119.5% |
| Recurring financial charges | 65 | €329 | €722 | +€393 | +119.5% |
| Profit (loss) for the period before taxes | 9903 | €122,739 | €120,840 | -€1,899 | -1.5% |
| Income taxes | 67/77 | €34,372 | €26,560 | -€7,812 | -22.7% |
| Profit (loss) for the period | 9904 | €88,367 | €94,280 | +€5,913 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,367 | €94,280 | +€5,913 | +6.7% |
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 2 October 2026 via checked.be.