CONVERGENT GROUP: 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.
What changed
CONVERGENT GROUP
NACE 46.851, Wholesale of industrial chemicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€88,255
2024 · €324,492-€236,237
Equity
€934,050
2024 · €929,670+€4,380
Cash
€312,274
2024 · €354,328-€42,054
Balance sheet total
€1.5m
2024 · €1.6m-€168,409
Largest movements
Assets
- Tangible fixed assets -€110,767
down €110,767 (-13.9%), from €795,106 to €684,340
of which Land and buildings: -€75,415
- Cash -€42,054
down €42,054 (-11.9%), from €354,328 to €312,274
mainly Debts after one year (-€126,262) and Contributions, distributions and other (-€83,875)
Equity and liabilities
- Debts after one year -€126,262
down €126,262 (-34.6%), from €365,005 to €238,743
- Tax, wage and social debts -€29,700
down €29,700 (-70.1%), from €42,394 to €12,694
of which Remuneration and social security: -€22,793
- Current portion of long-term debt -€18,729
down €18,729 (-11.7%), from €160,415 to €141,686
Income statement
- Gross operating margin -€271,258
down €271,258 (-34.2%), from €792,705 to €521,448
- Taxes -€19,825
down €19,825 (-37.7%), from €52,609 to €32,783
- Write-downs -€13,175
down €13,175, from €13,143 to -€32
- Staff costs +€9,697
up €9,697 (+3.7%), from €260,767 to €270,464
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
€324,492
Gross operating margin
-€271,258
Staff costs
-€9,697
Depreciation
+€7,067
Write-downs
+€13,175
Other operating charges
-€423
Financial income
-€541
Financial charges
+€5,616
Taxes
+€19,825
Result 2025
€88,255
raises the resultlowers the result
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.
From operations
+€189,638
Investment
-€2,826
Financing
-€228,866
Cash 2024
€354,328
From operations (derived)
+€189,638
Net result for the year
+€88,255
Depreciation
+€114,638
Stocks and contracts
+€12,350
Receivables within one year
-€13,382
Deferred charges and accrued income
+€15,575
Trade debts
+€8,447
Tax, wage and social debts
-€29,700
Other debts
-€6,546
Investment (derived)
-€2,826
Investment in fixed assets (net)
-€2,826
Financing
-€228,866
Debts after one year
-€126,262
Current portion of long-term debt
-€18,729
Contributions, distributions and other
-€83,875
Cash 2025
€312,274
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,633,301 | €1,464,892 | -€168,409 | -10.3% |
| Fixed assets | 21/28 | €803,555 | €691,743 | -€111,812 | -13.9% |
| Intangible fixed assets | 21 | €6,282 | €5,237 | -€1,045 | -16.6% |
| Tangible fixed assets | 22/27 | €795,106 | €684,340 | -€110,767 | -13.9% |
| Land and buildings | 22 | €685,642 | €610,228 | -€75,415 | -11.0% |
| Plant, machinery and equipment | 23 | €37,451 | €25,706 | -€11,745 | -31.4% |
| Furniture and vehicles | 24 | €25,506 | €16,146 | -€9,360 | -36.7% |
| Leasing and similar rights | 25 | €43,948 | €30,072 | -€13,876 | -31.6% |
| Other tangible fixed assets | 26 | €2,559 | €2,188 | -€370 | -14.5% |
| Financial fixed assets | 28 | €2,166 | €2,166 | = | 0.0% |
| Current assets | 29/58 | €829,746 | €773,149 | -€56,597 | -6.8% |
| Stocks and contracts in progress | 3 | €93,067 | €80,717 | -€12,350 | -13.3% |
| Stocks | 30/36 | €93,067 | €80,717 | -€12,350 | -13.3% |
| Amounts receivable within one year | 40/41 | €337,798 | €351,180 | +€13,382 | +4.0% |
| Trade receivables | 40 | €251,966 | €255,712 | +€3,746 | +1.5% |
| Other amounts receivable | 41 | €85,832 | €95,468 | +€9,636 | +11.2% |
| Current investments | 50/53 | €2,027 | €2,027 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €354,328 | €312,274 | -€42,054 | -11.9% |
| Deferred charges and accrued income | 490/1 | €42,526 | €26,951 | -€15,575 | -36.6% |
| Total equity and liabilities | 10/49 | €1,633,301 | €1,464,892 | -€168,409 | -10.3% |
| Equity | 10/15 | €929,670 | €934,050 | +€4,380 | +0.5% |
| Contributions | 10/11 | €144,288 | €144,288 | = | 0.0% |
| Capital | 10 | €144,288 | €144,288 | = | 0.0% |
| Issued capital | 100 | €148,750 | €148,750 | = | 0.0% |
| Uncalled capital | 101 | €4,463 | €4,463 | = | 0.0% |
| Reserves | 13 | €201,083 | €211,415 | +€10,332 | +5.1% |
| Non-distributable reserves | 130/1 | €14,875 | €14,875 | = | 0.0% |
| Legal reserve | 130 | €14,875 | €14,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €132,808 | €143,140 | +€10,332 | +7.8% |
| Distributable reserves | 133 | €53,400 | €53,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €544,067 | €546,991 | +€2,924 | +0.5% |
| Investment grants | 15 | €40,232 | €31,356 | -€8,875 | -22.1% |
| Amounts payable | 17/49 | €703,631 | €530,842 | -€172,789 | -24.6% |
| Amounts payable after more than one year | 17 | €365,005 | €238,743 | -€126,262 | -34.6% |
| Financial debts | 170/4 | €365,005 | €238,743 | -€126,262 | -34.6% |
| Amounts payable within one year | 42/48 | €338,627 | €292,099 | -€46,527 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €160,415 | €141,686 | -€18,729 | -11.7% |
| Trade debts | 44 | €51,817 | €60,264 | +€8,447 | +16.3% |
| Suppliers | 440/4 | €51,817 | €60,264 | +€8,447 | +16.3% |
| Taxes, remuneration and social security | 45 | €42,394 | €12,694 | -€29,700 | -70.1% |
| Taxes | 450/3 | €8,194 | €1,287 | -€6,907 | -84.3% |
| Remuneration and social security | 454/9 | €34,200 | €11,407 | -€22,793 | -66.6% |
| Other amounts payable | 47/48 | €84,000 | €77,454 | -€6,546 | -7.8% |
| Remuneration, social security and pensions | 62 | €260,767 | €270,464 | +€9,697 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,704 | €114,638 | -€7,067 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,143 | -€32 | -€13,175 | |
| Other operating charges | 640/8 | €10,864 | €11,287 | +€423 | +3.9% |
| Gross operating margin | 9900 | €792,705 | €521,448 | -€271,258 | -34.2% |
| Operating profit (loss) | 9901 | €386,227 | €125,091 | -€261,136 | -67.6% |
| Financial income | 75/76B | €9,869 | €9,327 | -€541 | -5.5% |
| Recurring financial income | 75 | €9,869 | €9,327 | -€541 | -5.5% |
| Financial charges | 65/66B | €18,995 | €13,379 | -€5,616 | -29.6% |
| Recurring financial charges | 65 | €18,995 | €13,379 | -€5,616 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €377,101 | €121,039 | -€256,062 | -67.9% |
| Income taxes | 67/77 | €52,609 | €32,783 | -€19,825 | -37.7% |
| Profit (loss) for the period | 9904 | €324,492 | €88,255 | -€236,237 | -72.8% |
| Transfer to tax-exempt reserves | 689 | €132,808 | €10,332 | -€122,477 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,684 | €77,924 | -€113,760 | -59.3% |
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 14 October 2026 via checked.be.