CONVERKO: 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.
CONVERKO
Largest movements
- Cash -€9,280
down €9,280 (-29.3%), from €31,638 to €22,358
mainly Net result for the year (-€29,940) and Tax, wage and social debts (-€1,041)
- Tangible fixed assets -€1,229
down €1,229 (-50.3%), from €2,443 to €1,214
- Receivables within one year -€879
down €879 (-80.7%), from €1,089 to €210
of which Trade receivables: -€1,089
- Profit (loss) carried forward -€29,940
down €29,940 (-33.8%), from -€88,649 to -€118,589
- Other debts +€20,340
up €20,340 (+369%), from €5,508 to €25,848
- Tax, wage and social debts -€1,041
no longer reported in 2025 (was €1,041)
- Trade debts -€985
down €985 (-47.2%), from €2,088 to €1,103
- Gross operating margin -€16,217
down €16,217 (-135%), from -€11,998 to -€28,215
- Financial income -€979
down €979 (-86.4%), from €1,133 to €154
- Other operating charges -€857
down €857 (-70.0%), from €1,225 to €367
- Depreciation -€337
down €337 (-21.5%), from €1,565 to €1,229
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,153 | €25,527 | -€11,626 | -31.3% |
| Fixed assets | 21/28 | €2,443 | €1,214 | -€1,229 | -50.3% |
| Tangible fixed assets | 22/27 | €2,443 | €1,214 | -€1,229 | -50.3% |
| Furniture and vehicles | 24 | €2,443 | €1,214 | -€1,229 | -50.3% |
| Current assets | 29/58 | €34,710 | €24,313 | -€10,398 | -30.0% |
| Amounts receivable within one year | 40/41 | €1,089 | €210 | -€879 | -80.7% |
| Trade receivables | 40 | €1,089 | - | -€1,089 | |
| Other amounts receivable | 41 | - | €210 | +€210 | |
| Cash at bank and in hand | 54/58 | €31,638 | €22,358 | -€9,280 | -29.3% |
| Deferred charges and accrued income | 490/1 | €1,983 | €1,744 | -€239 | -12.1% |
| Total equity and liabilities | 10/49 | €37,153 | €25,527 | -€11,626 | -31.3% |
| Equity | 10/15 | €28,516 | -€1,424 | -€29,940 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,565 | €98,565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €889 | €889 | = | 0.0% |
| Distributable reserves | 133 | €95,816 | €95,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,649 | -€118,589 | -€29,940 | -33.8% |
| Amounts payable | 17/49 | €8,637 | €26,951 | +€18,314 | +212% |
| Amounts payable within one year | 42/48 | €8,637 | €26,951 | +€18,314 | +212% |
| Trade debts | 44 | €2,088 | €1,103 | -€985 | -47.2% |
| Suppliers | 440/4 | €2,088 | €1,103 | -€985 | -47.2% |
| Taxes, remuneration and social security | 45 | €1,041 | - | -€1,041 | |
| Taxes | 450/3 | €1,041 | - | -€1,041 | |
| Other amounts payable | 47/48 | €5,508 | €25,848 | +€20,340 | +369% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €1,229 | -€337 | -21.5% |
| Other operating charges | 640/8 | €1,225 | €367 | -€857 | -70.0% |
| Gross operating margin | 9900 | -€11,998 | -€28,215 | -€16,217 | -135% |
| Operating profit (loss) | 9901 | -€14,788 | -€29,811 | -€15,023 | -102% |
| Financial income | 75/76B | €1,133 | €154 | -€979 | -86.4% |
| Recurring financial income | 75 | €1,133 | €154 | -€979 | -86.4% |
| Financial charges | 65/66B | €280 | €283 | +€4 | +1.3% |
| Recurring financial charges | 65 | €280 | €283 | +€4 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,935 | -€29,940 | -€16,005 | -115% |
| Income taxes | 67/77 | €199 | - | -€199 | |
| Profit (loss) for the period | 9904 | -€14,134 | -€29,940 | -€15,806 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,134 | -€29,940 | -€15,806 | -112% |
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 17 October 2026 via checked.be.