ConverSant R&D: 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.
ConverSant R&D
Largest movements
- Receivables within one year -€80,654
down €80,654 (-67.5%), from €119,453 to €38,799
- Cash +€61,393
up €61,393 (+216%), from €28,414 to €89,807
mainly Receivables within one year (+€80,654) and Net result for the year (+€6,622)
- Tangible fixed assets +€1,602
up €1,602 (+256%), from €627 to €2,229
- Tax, wage and social debts -€25,172
down €25,172 (-66.9%), from €37,598 to €12,426
- Profit (loss) carried forward +€6,622
up €6,622 (+6.4%), from €103,952 to €110,574
- Other debts +€3,266
up €3,266 (+713%), from €458 to €3,724
- Trade debts -€2,624
no longer reported in 2025 (was €2,624)
- Gross operating margin -€110,144
down €110,144 (-86.9%), from €126,677 to €16,533
- Taxes -€20,633
down €20,633 (-80.8%), from €25,538 to €4,905
- Financial charges -€1,698
down €1,698 (-31.8%), from €5,345 to €3,647
- Other operating charges -€1,565
down €1,565 (-69.0%), from €2,266 to €701
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 | €149,633 | €131,724 | -€17,908 | -12.0% |
| Formation expenses | 20 | €916 | €667 | -€249 | -27.2% |
| Fixed assets | 21/28 | €627 | €2,229 | +€1,602 | +256% |
| Tangible fixed assets | 22/27 | €627 | €2,229 | +€1,602 | +256% |
| Furniture and vehicles | 24 | €627 | €2,229 | +€1,602 | +256% |
| Current assets | 29/58 | €148,090 | €128,828 | -€19,262 | -13.0% |
| Amounts receivable within one year | 40/41 | €119,453 | €38,799 | -€80,654 | -67.5% |
| Trade receivables | 40 | €119,453 | €38,799 | -€80,654 | -67.5% |
| Cash at bank and in hand | 54/58 | €28,414 | €89,807 | +€61,393 | +216% |
| Deferred charges and accrued income | 490/1 | €222 | €222 | = | 0.0% |
| Total equity and liabilities | 10/49 | €149,633 | €131,724 | -€17,908 | -12.0% |
| Equity | 10/15 | €108,952 | €115,574 | +€6,622 | +6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,952 | €110,574 | +€6,622 | +6.4% |
| Amounts payable | 17/49 | €40,681 | €16,150 | -€24,530 | -60.3% |
| Amounts payable within one year | 42/48 | €40,681 | €16,150 | -€24,530 | -60.3% |
| Trade debts | 44 | €2,624 | - | -€2,624 | |
| Suppliers | 440/4 | €2,624 | - | -€2,624 | |
| Taxes, remuneration and social security | 45 | €37,598 | €12,426 | -€25,172 | -66.9% |
| Taxes | 450/3 | €37,598 | €12,426 | -€25,172 | -66.9% |
| Other amounts payable | 47/48 | €458 | €3,724 | +€3,266 | +713% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €659 | +€230 | +53.7% |
| Other operating charges | 640/8 | €2,266 | €701 | -€1,565 | -69.0% |
| Gross operating margin | 9900 | €126,677 | €16,533 | -€110,144 | -86.9% |
| Operating profit (loss) | 9901 | €123,982 | €15,172 | -€108,810 | -87.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +19,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +19,900% |
| Financial charges | 65/66B | €5,345 | €3,647 | -€1,698 | -31.8% |
| Recurring financial charges | 65 | €5,345 | €3,647 | -€1,698 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €118,637 | €11,527 | -€107,109 | -90.3% |
| Income taxes | 67/77 | €25,538 | €4,905 | -€20,633 | -80.8% |
| Profit (loss) for the period | 9904 | €93,099 | €6,622 | -€86,477 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,099 | €6,622 | -€86,477 | -92.9% |
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 16 October 2026 via checked.be.