conVERDE: 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.
conVERDE
Largest movements
- Receivables after one year -€75,000
down €75,000 (-83.3%), from €90,000 to €15,000
- Intangible fixed assets +€37,907
up €37,907 (+324.3%), from €11,688 to €49,595
- Receivables within one year +€13,319
up €13,319 (+36.3%), from €36,652 to €49,970
of which Trade receivables: +€6,735
- Cash -€4,476
down €4,476 (-5.3%), from €84,392 to €79,916
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€48,765)
- Other debts -€43,477
down €43,477 (-92.7%), from €46,907 to €3,429
- Reserves +€35,074
up €35,074 (+25.3%), from €138,658 to €173,733
of which Distributable reserves: +€36,934
- Tax, wage and social debts -€11,449
down €11,449 (-52.0%), from €22,038 to €10,589
of which Taxes: -€11,449
- Trade debts -€9,643
down €9,643 (-97.3%), from €9,913 to €270
- Gross operating margin +€72,314
up €72,314 (+136.7%), from €52,890 to €125,204
- Depreciation +€10,910
up €10,910 (+552.0%), from €1,977 to €12,887
- Taxes +€3,217
up €3,217 (+26.2%), from €12,259 to €15,476
- Financial income -€2,363
down €2,363 (-100.0%), from €2,363 to €0
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 | €236,921 | €206,873 | -€30,048 | -12.7% |
| Fixed assets | 21/28 | €25,338 | €61,216 | +€35,878 | +141.6% |
| Intangible fixed assets | 21 | €11,688 | €49,595 | +€37,907 | +324.3% |
| Tangible fixed assets | 22/27 | €3,650 | €1,621 | -€2,029 | -55.6% |
| Furniture and vehicles | 24 | €3,650 | €1,621 | -€2,029 | -55.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €211,584 | €145,657 | -€65,926 | -31.2% |
| Amounts receivable after more than one year | 29 | €90,000 | €15,000 | -€75,000 | -83.3% |
| Other amounts receivable | 291 | €90,000 | €15,000 | -€75,000 | -83.3% |
| Amounts receivable within one year | 40/41 | €36,652 | €49,970 | +€13,319 | +36.3% |
| Trade receivables | 40 | €13,014 | €19,749 | +€6,735 | +51.8% |
| Other amounts receivable | 41 | €23,637 | €30,221 | +€6,584 | +27.9% |
| Cash at bank and in hand | 54/58 | €84,392 | €79,916 | -€4,476 | -5.3% |
| Deferred charges and accrued income | 490/1 | €540 | €771 | +€231 | +42.8% |
| Total equity and liabilities | 10/49 | €236,921 | €206,873 | -€30,048 | -12.7% |
| Equity | 10/15 | €157,258 | €192,585 | +€35,326 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,658 | €173,733 | +€35,074 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €445 | €445 | = | 0.0% |
| Distributable reserves | 133 | €136,354 | €173,288 | +€36,934 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | €252 | +€252 | |
| Amounts payable | 17/49 | €79,663 | €14,288 | -€65,375 | -82.1% |
| Amounts payable within one year | 42/48 | €79,663 | €14,288 | -€65,375 | -82.1% |
| Financial debts | 43 | €805 | €0 | -€805 | -100.0% |
| Credit institutions | 430/8 | €805 | €0 | -€805 | -100.0% |
| Trade debts | 44 | €9,913 | €270 | -€9,643 | -97.3% |
| Suppliers | 440/4 | €9,913 | €270 | -€9,643 | -97.3% |
| Taxes, remuneration and social security | 45 | €22,038 | €10,589 | -€11,449 | -52.0% |
| Taxes | 450/3 | €22,038 | €10,589 | -€11,449 | -52.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €46,907 | €3,429 | -€43,477 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,977 | €12,887 | +€10,910 | +552.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €52,890 | €125,204 | +€72,314 | +136.7% |
| Operating profit (loss) | 9901 | €50,526 | €111,917 | +€61,391 | +121.5% |
| Financial income | 75/76B | €2,363 | €0 | -€2,363 | -100.0% |
| Recurring financial income | 75 | €2,363 | €0 | -€2,363 | -100.0% |
| Financial charges | 65/66B | €183 | €1,114 | +€932 | +509.8% |
| Recurring financial charges | 65 | €183 | €1,114 | +€932 | +509.8% |
| Profit (loss) for the period before taxes | 9903 | €52,705 | €110,802 | +€58,097 | +110.2% |
| Income taxes | 67/77 | €12,259 | €15,476 | +€3,217 | +26.2% |
| Profit (loss) for the period | 9904 | €40,446 | €95,326 | +€54,880 | +135.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,446 | €95,326 | +€54,880 | +135.7% |
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 11 October 2026 via checked.be.