ConvergeX: 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.
ConvergeX
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€36,481
down €36,481 (-92.8%), from €39,314 to €2,833
of which Furniture and vehicles: -€37,412
- Cash +€33,407
up €33,407 (+20.5%), from €163,086 to €196,493
mainly Net result for the year (+€86,785) and Tax, wage and social debts (+€41,175)
- Receivables within one year +€15,566
up €15,566 (+26.6%), from €58,543 to €74,108
- Reserves +€86,785
up €86,785 (+59.4%), from €146,140 to €232,926
- Tax, wage and social debts +€41,175
up €41,175 (+78.7%), from €52,313 to €93,488
- Other debts -€10,219
down €10,219 (-49.4%), from €20,671 to €10,452
- Debts after one year -€8,506
down €8,506 (-31.7%), from €26,836 to €18,330
- Gross operating margin -€15,342
down €15,342 (-9.7%), from €157,358 to €142,016
- Depreciation -€9,187
down €9,187 (-92.6%), from €9,927 to €739
- Taxes -€8,095
down €8,095 (-19.9%), from €40,743 to €32,648
- Other operating charges -€3,131
down €3,131 (-37.5%), from €8,341 to €5,211
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 | €265,146 | €376,379 | +€111,233 | +42.0% |
| Fixed assets | 21/28 | €39,314 | €2,833 | -€36,481 | -92.8% |
| Tangible fixed assets | 22/27 | €39,314 | €2,833 | -€36,481 | -92.8% |
| Plant, machinery and equipment | 23 | - | €931 | +€931 | |
| Furniture and vehicles | 24 | €39,314 | €1,902 | -€37,412 | -95.2% |
| Current assets | 29/58 | €225,832 | €373,546 | +€147,714 | +65.4% |
| Amounts receivable within one year | 40/41 | €58,543 | €74,108 | +€15,566 | +26.6% |
| Trade receivables | 40 | €58,543 | €74,108 | +€15,566 | +26.6% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €163,086 | €196,493 | +€33,407 | +20.5% |
| Deferred charges and accrued income | 490/1 | €4,203 | €2,944 | -€1,259 | -29.9% |
| Total equity and liabilities | 10/49 | €265,146 | €376,379 | +€111,233 | +42.0% |
| Equity | 10/15 | €151,140 | €237,926 | +€86,785 | +57.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €146,140 | €232,926 | +€86,785 | +59.4% |
| Distributable reserves | 133 | €146,140 | €232,926 | +€86,785 | +59.4% |
| Amounts payable | 17/49 | €114,005 | €138,453 | +€24,448 | +21.4% |
| Amounts payable after more than one year | 17 | €26,836 | €18,330 | -€8,506 | -31.7% |
| Financial debts | 170/4 | €26,836 | €18,330 | -€8,506 | -31.7% |
| Amounts payable within one year | 42/48 | €82,409 | €115,957 | +€33,548 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €8,095 | €8,506 | +€411 | +5.1% |
| Trade debts | 44 | €1,331 | €3,511 | +€2,180 | +163.8% |
| Suppliers | 440/4 | €1,331 | €3,511 | +€2,180 | +163.8% |
| Taxes, remuneration and social security | 45 | €52,313 | €93,488 | +€41,175 | +78.7% |
| Taxes | 450/3 | €52,313 | €93,488 | +€41,175 | +78.7% |
| Other amounts payable | 47/48 | €20,671 | €10,452 | -€10,219 | -49.4% |
| Accrued charges and deferred income | 492/3 | €4,760 | €4,166 | -€594 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,927 | €739 | -€9,187 | -92.6% |
| Other operating charges | 640/8 | €8,341 | €5,211 | -€3,131 | -37.5% |
| Non-recurring operating charges | 66A | - | €12,311 | +€12,311 | |
| Gross operating margin | 9900 | €157,358 | €142,016 | -€15,342 | -9.7% |
| Operating profit (loss) | 9901 | €139,090 | €123,756 | -€15,335 | -11.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,732 | €4,322 | -€1,410 | -24.6% |
| Recurring financial charges | 65 | €5,732 | €4,322 | -€1,410 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €133,359 | €119,433 | -€13,925 | -10.4% |
| Income taxes | 67/77 | €40,743 | €32,648 | -€8,095 | -19.9% |
| Profit (loss) for the period | 9904 | €92,616 | €86,785 | -€5,830 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,616 | €86,785 | -€5,830 | -6.3% |
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 30 September 2026 via checked.be.