CONVERTO: what changed
Two fiscal 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.
CONVERTO
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+100000.0%), from €50 to €50,050
- Cash +€45,425
up €45,425 (+703.9%), from €6,453 to €51,878
mainly Net result for the year (+€61,090) and Current investments (+€29,457)
- Current investments -€29,457
down €29,457 (-42.4%), from €69,502 to €40,045
- Tangible fixed assets -€11,801
down €11,801 (-12.4%), from €95,070 to €83,269
of which Land and buildings: -€15,472
- Reserves +€60,000
up €60,000 (+74.9%), from €80,067 to €140,067
- Debts after one year -€10,951
down €10,951 (-22.6%), from €48,465 to €37,514
- Tax, wage and social debts +€2,482
up €2,482 (+14.2%), from €17,526 to €20,008
of which Taxes: +€5,389
- Gross operating margin +€22,195
up €22,195 (+26.1%), from €85,104 to €107,299
- Turnover +€20,222
up €20,222 (+10.1%), from €200,209 to €220,431
- Taxes +€5,340
up €5,340 (+29.2%), from €18,288 to €23,628
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 | €176,392 | €229,194 | +€52,802 | +29.9% |
| Fixed assets | 21/28 | €95,120 | €133,319 | +€38,199 | +40.2% |
| Tangible fixed assets | 22/27 | €95,070 | €83,269 | -€11,801 | -12.4% |
| Land and buildings | 22 | €87,045 | €71,573 | -€15,472 | -17.8% |
| Plant, machinery and equipment | 23 | €261 | €63 | -€198 | -75.9% |
| Furniture and vehicles | 24 | €7,764 | €11,633 | +€3,869 | +49.8% |
| Financial fixed assets | 28 | €50 | €50,050 | +€50,000 | +100000.0% |
| Current assets | 29/58 | €81,272 | €95,875 | +€14,603 | +18.0% |
| Amounts receivable within one year | 40/41 | €22 | €76 | +€54 | +245.5% |
| Other amounts receivable | 41 | €22 | €76 | +€54 | +245.5% |
| Current investments | 50/53 | €69,502 | €40,045 | -€29,457 | -42.4% |
| Cash at bank and in hand | 54/58 | €6,453 | €51,878 | +€45,425 | +703.9% |
| Deferred charges and accrued income | 490/1 | €5,295 | €3,876 | -€1,419 | -26.8% |
| Total equity and liabilities | 10/49 | €176,392 | €229,194 | +€52,802 | +29.9% |
| Equity | 10/15 | €91,939 | €153,029 | +€61,090 | +66.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,067 | €140,067 | +€60,000 | +74.9% |
| Distributable reserves | 133 | €80,067 | €140,067 | +€60,000 | +74.9% |
| Profit (loss) carried forward | 14 | €6,872 | €7,962 | +€1,090 | +15.9% |
| Amounts payable | 17/49 | €84,453 | €76,165 | -€8,288 | -9.8% |
| Amounts payable after more than one year | 17 | €48,465 | €37,514 | -€10,951 | -22.6% |
| Financial debts | 170/4 | €48,465 | €37,514 | -€10,951 | -22.6% |
| Amounts payable within one year | 42/48 | €35,897 | €38,651 | +€2,754 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,814 | €10,951 | +€137 | +1.3% |
| Trade debts | 44 | €5,226 | €5,721 | +€495 | +9.5% |
| Suppliers | 440/4 | €5,226 | €5,721 | +€495 | +9.5% |
| Taxes, remuneration and social security | 45 | €17,526 | €20,008 | +€2,482 | +14.2% |
| Taxes | 450/3 | €14,619 | €20,008 | +€5,389 | +36.9% |
| Remuneration and social security | 454/9 | €2,907 | - | -€2,907 | |
| Other amounts payable | 47/48 | €2,331 | €1,971 | -€360 | -15.4% |
| Accrued charges and deferred income | 492/3 | €91 | - | -€91 | |
| Turnover | 70 | €200,209 | €220,431 | +€20,222 | +10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,155 | €125,710 | +€1,555 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,798 | €18,488 | +€1,690 | +10.1% |
| Other operating charges | 640/8 | €1,897 | €1,693 | -€204 | -10.8% |
| Gross operating margin | 9900 | €85,104 | €107,299 | +€22,195 | +26.1% |
| Operating profit (loss) | 9901 | €66,409 | €87,118 | +€20,709 | +31.2% |
| Financial income | 75/76B | €202 | €1,865 | +€1,663 | +823.3% |
| Recurring financial income | 75 | €202 | €1,865 | +€1,663 | +823.3% |
| Financial charges | 65/66B | €3,809 | €4,265 | +€456 | +12.0% |
| Recurring financial charges | 65 | €3,809 | €4,265 | +€456 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €62,802 | €84,718 | +€21,916 | +34.9% |
| Income taxes | 67/77 | €18,288 | €23,628 | +€5,340 | +29.2% |
| Profit (loss) for the period | 9904 | €44,514 | €61,090 | +€16,576 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,514 | €61,090 | +€16,576 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.