Converseo: 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.
Converseo
Largest movements
- Tangible fixed assets -€5,906
down €5,906 (-13.7%), from €43,204 to €37,298
of which Land and buildings: -€3,607
- Cash +€5,862
up €5,862 (+515%), from €1,139 to €7,001
mainly Other debts (+€48,989) and Depreciation (+€5,906)
- Receivables within one year -€1,181
down €1,181 (-71.6%), from €1,650 to €468
of which Trade receivables: -€600
- Other debts +€48,989
up €48,989 (+163%), from €30,015 to €79,005
- Profit (loss) carried forward -€37,957
down €37,957 (-68.8%), from -€55,194 to -€93,150
- Debts after one year -€12,538
down €12,538 (-62.9%), from €19,917 to €7,380
- Depreciation -€14,523
down €14,523 (-71.1%), from €20,429 to €5,906
- Gross operating margin +€12,097
up €12,097 (+28.7%), from -€42,111 to -€30,014
- Taxes +€464
up €464, from -€324 to €140
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 | €48,800 | €47,636 | -€1,163 | -2.4% |
| Fixed assets | 21/28 | €43,264 | €37,358 | -€5,906 | -13.7% |
| Tangible fixed assets | 22/27 | €43,204 | €37,298 | -€5,906 | -13.7% |
| Land and buildings | 22 | €36,464 | €32,857 | -€3,607 | -9.9% |
| Furniture and vehicles | 24 | €6,741 | €4,441 | -€2,299 | -34.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €5,535 | €10,278 | +€4,743 | +85.7% |
| Amounts receivable within one year | 40/41 | €1,650 | €468 | -€1,181 | -71.6% |
| Trade receivables | 40 | €733 | €133 | -€600 | -81.8% |
| Other amounts receivable | 41 | €916 | €335 | -€581 | -63.4% |
| Cash at bank and in hand | 54/58 | €1,139 | €7,001 | +€5,862 | +515% |
| Deferred charges and accrued income | 490/1 | €2,747 | €2,809 | +€62 | +2.3% |
| Total equity and liabilities | 10/49 | €48,800 | €47,636 | -€1,163 | -2.4% |
| Equity | 10/15 | -€17,734 | -€55,690 | -€37,957 | -214% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,860 | €18,860 | = | 0.0% |
| Distributable reserves | 133 | €18,860 | €18,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,194 | -€93,150 | -€37,957 | -68.8% |
| Amounts payable | 17/49 | €66,533 | €103,327 | +€36,793 | +55.3% |
| Amounts payable after more than one year | 17 | €19,917 | €7,380 | -€12,538 | -62.9% |
| Financial debts | 170/4 | €19,917 | €7,380 | -€12,538 | -62.9% |
| Amounts payable within one year | 42/48 | €44,727 | €94,071 | +€49,344 | +110% |
| Current portion of amounts payable after more than one year | 42 | €12,397 | €12,538 | +€141 | +1.1% |
| Trade debts | 44 | - | €213 | +€213 | |
| Suppliers | 440/4 | - | €213 | +€213 | |
| Taxes, remuneration and social security | 45 | €2,315 | €2,315 | = | 0.0% |
| Taxes | 450/3 | €2,315 | €2,315 | = | 0.0% |
| Other amounts payable | 47/48 | €30,015 | €79,005 | +€48,989 | +163% |
| Accrued charges and deferred income | 492/3 | €1,889 | €1,876 | -€13 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,429 | €5,906 | -€14,523 | -71.1% |
| Other operating charges | 640/8 | €1,234 | €1,403 | +€169 | +13.7% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | -€42,111 | -€30,014 | +€12,097 | +28.7% |
| Operating profit (loss) | 9901 | -€64,024 | -€37,323 | +€26,701 | +41.7% |
| Financial income | 75/76B | €4 | €9 | +€5 | +139% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +139% |
| Financial charges | 65/66B | €655 | €503 | -€153 | -23.3% |
| Recurring financial charges | 65 | €655 | €503 | -€153 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€64,676 | -€37,817 | +€26,859 | +41.5% |
| Income taxes | 67/77 | -€324 | €140 | +€464 | |
| Profit (loss) for the period | 9904 | -€64,351 | -€37,957 | +€26,395 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,351 | -€37,957 | +€26,395 | +41.0% |
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 21 October 2026 via checked.be.