Conversio Management: 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.
Conversio Management
Largest movements
- Cash +€102,101
up €102,101 (+76.1%), from €134,225 to €236,326
mainly Other debts (+€135,413) and Receivables within one year (+€93,449)
- Receivables within one year -€93,449
down €93,449 (-74.4%), from €125,527 to €32,078
of which Trade receivables: -€97,556
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves -€161,123
down €161,123 (-60.9%), from €264,496 to €103,374
- Other debts +€135,413
new in 2025: €135,413
- Tax, wage and social debts -€19,823
down €19,823 (-46.9%), from €42,256 to €22,433
- Short-term financial debts +€3,333
up €3,333 (+50.0%), from €6,667 to €10,000
- Gross operating margin -€43,648
down €43,648 (-31.3%), from €139,573 to €95,925
- Taxes -€10,640
down €10,640 (-33.0%), from €32,251 to €21,611
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 | €321,398 | €279,179 | -€42,219 | -13.1% |
| Fixed assets | 21/28 | €10,653 | €10,395 | -€258 | -2.4% |
| Tangible fixed assets | 22/27 | €10,653 | €10,395 | -€258 | -2.4% |
| Furniture and vehicles | 24 | €3,003 | €2,745 | -€258 | -8.6% |
| Other tangible fixed assets | 26 | €7,650 | €7,650 | = | 0.0% |
| Current assets | 29/58 | €310,746 | €268,784 | -€41,962 | -13.5% |
| Amounts receivable within one year | 40/41 | €125,527 | €32,078 | -€93,449 | -74.4% |
| Trade receivables | 40 | €119,608 | €22,052 | -€97,556 | -81.6% |
| Other amounts receivable | 41 | €5,919 | €10,026 | +€4,107 | +69.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €134,225 | €236,326 | +€102,101 | +76.1% |
| Deferred charges and accrued income | 490/1 | €993 | €379 | -€614 | -61.8% |
| Total equity and liabilities | 10/49 | €321,398 | €279,179 | -€42,219 | -13.1% |
| Equity | 10/15 | €269,496 | €108,374 | -€161,123 | -59.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €264,496 | €103,374 | -€161,123 | -60.9% |
| Distributable reserves | 133 | €264,496 | €103,374 | -€161,123 | -60.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,902 | €170,805 | +€118,904 | +229% |
| Amounts payable within one year | 42/48 | €51,786 | €170,732 | +€118,947 | +230% |
| Financial debts | 43 | €6,667 | €10,000 | +€3,333 | +50.0% |
| Other loans | 439 | €6,667 | €10,000 | +€3,333 | +50.0% |
| Trade debts | 44 | €2,863 | €2,886 | +€23 | +0.8% |
| Suppliers | 440/4 | €2,863 | €2,886 | +€23 | +0.8% |
| Taxes, remuneration and social security | 45 | €42,256 | €22,433 | -€19,823 | -46.9% |
| Taxes | 450/3 | €42,256 | €22,433 | -€19,823 | -46.9% |
| Other amounts payable | 47/48 | - | €135,413 | +€135,413 | |
| Accrued charges and deferred income | 492/3 | €116 | €73 | -€43 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €1,321 | +€308 | +30.3% |
| Other operating charges | 640/8 | €121 | €67 | -€54 | -44.8% |
| Non-recurring operating charges | 66A | - | €187 | +€187 | |
| Gross operating margin | 9900 | €139,573 | €95,925 | -€43,648 | -31.3% |
| Operating profit (loss) | 9901 | €138,437 | €94,349 | -€44,088 | -31.8% |
| Financial income | 75/76B | €2,412 | €1,394 | -€1,017 | -42.2% |
| Recurring financial income | 75 | €2,412 | €1,394 | -€1,017 | -42.2% |
| Financial charges | 65/66B | €628 | €888 | +€260 | +41.3% |
| Recurring financial charges | 65 | €628 | €888 | +€260 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €140,221 | €94,856 | -€45,365 | -32.4% |
| Income taxes | 67/77 | €32,251 | €21,611 | -€10,640 | -33.0% |
| Profit (loss) for the period | 9904 | €107,969 | €73,245 | -€34,725 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,969 | €73,245 | -€34,725 | -32.2% |
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 20 October 2026 via checked.be.