Convertini Enterprise: 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.
Convertini Enterprise
Largest movements
- Receivables within one year +€28,456
up €28,456 (+96.5%), from €29,496 to €57,952
of which Trade receivables: +€35,268
- Cash -€6,784
down €6,784 (-87.7%), from €7,738 to €954
mainly Receivables within one year (-€28,456) and Current portion of long-term debt (-€2,564)
- Tangible fixed assets -€4,163
down €4,163 (-86.8%), from €4,795 to €633
of which Furniture and vehicles: -€3,981
- Tax, wage and social debts +€8,218
up €8,218 (+466.6%), from €1,761 to €9,979
of which Taxes: +€6,018
- Other debts +€6,648
up €6,648 (+131.6%), from €5,050 to €11,698
- Reserves +€6,624
up €6,624 (+870.3%), from €761 to €7,386
- Profit (loss) carried forward -€3,508
down €3,508 (-53.0%), from €6,624 to €3,117
- Current portion of long-term debt -€2,564
down €2,564 (-91.4%), from €2,805 to €241
- Write-downs +€20,475
new in 2025: €20,475
- Gross operating margin +€19,101
up €19,101 (+175.9%), from €10,861 to €29,962
- Depreciation -€2,000
down €2,000 (-86.2%), from €2,322 to €322
- Other operating charges +€1,715
up €1,715 (+943.7%), from €182 to €1,896
- Financial income +€1,320
up €1,320 (+417.5%), from €316 to €1,636
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 | €43,769 | €61,113 | +€17,344 | +39.6% |
| Fixed assets | 21/28 | €4,795 | €633 | -€4,163 | -86.8% |
| Tangible fixed assets | 22/27 | €4,795 | €633 | -€4,163 | -86.8% |
| Plant, machinery and equipment | 23 | €594 | €413 | -€181 | -30.5% |
| Furniture and vehicles | 24 | €4,201 | €220 | -€3,981 | -94.8% |
| Current assets | 29/58 | €38,974 | €60,480 | +€21,506 | +55.2% |
| Amounts receivable within one year | 40/41 | €29,496 | €57,952 | +€28,456 | +96.5% |
| Trade receivables | 40 | €22,684 | €57,952 | +€35,268 | +155.5% |
| Other amounts receivable | 41 | €6,812 | €0 | -€6,812 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,738 | €954 | -€6,784 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,740 | €1,574 | -€166 | -9.5% |
| Total equity and liabilities | 10/49 | €43,769 | €61,113 | +€17,344 | +39.6% |
| Equity | 10/15 | €12,386 | €15,502 | +€3,117 | +25.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €761 | €7,386 | +€6,624 | +870.3% |
| Distributable reserves | 133 | €761 | €7,386 | +€6,624 | +870.3% |
| Profit (loss) carried forward | 14 | €6,624 | €3,117 | -€3,508 | -53.0% |
| Amounts payable | 17/49 | €31,384 | €45,611 | +€14,227 | +45.3% |
| Amounts payable after more than one year | 17 | €241 | €0 | -€241 | -100.0% |
| Financial debts | 170/4 | €241 | €0 | -€241 | -100.0% |
| Amounts payable within one year | 42/48 | €31,143 | €45,020 | +€13,877 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €2,805 | €241 | -€2,564 | -91.4% |
| Trade debts | 44 | €21,526 | €23,102 | +€1,576 | +7.3% |
| Suppliers | 440/4 | €21,526 | €23,102 | +€1,576 | +7.3% |
| Taxes, remuneration and social security | 45 | €1,761 | €9,979 | +€8,218 | +466.6% |
| Taxes | 450/3 | €1,761 | €7,779 | +€6,018 | +341.7% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €5,050 | €11,698 | +€6,648 | +131.6% |
| Accrued charges and deferred income | 492/3 | - | €591 | +€591 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €322 | -€2,000 | -86.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,475 | +€20,475 | |
| Other operating charges | 640/8 | €182 | €1,896 | +€1,715 | +943.7% |
| Non-recurring operating charges | 66A | - | €2,187 | +€2,187 | |
| Gross operating margin | 9900 | €10,861 | €29,962 | +€19,101 | +175.9% |
| Operating profit (loss) | 9901 | €8,358 | €5,083 | -€3,276 | -39.2% |
| Financial income | 75/76B | €316 | €1,636 | +€1,320 | +417.5% |
| Recurring financial income | 75 | €316 | €1,636 | +€1,320 | +417.5% |
| Financial charges | 65/66B | €386 | €1,046 | +€660 | +170.9% |
| Recurring financial charges | 65 | €386 | €1,046 | +€660 | +170.9% |
| Profit (loss) for the period before taxes | 9903 | €8,288 | €5,672 | -€2,616 | -31.6% |
| Income taxes | 67/77 | €1,664 | €2,555 | +€892 | +53.6% |
| Profit (loss) for the period | 9904 | €6,624 | €3,117 | -€3,508 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,624 | €3,117 | -€3,508 | -53.0% |
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 12 October 2026 via checked.be.