CONVERTURA: 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.
CONVERTURA
Largest movements
- Tangible fixed assets +€39,839
up €39,839 (+6.0%), from €658,715 to €698,554
of which Land and buildings: +€37,132
- Cash -€28,884
down €28,884 (-36.4%), from €79,286 to €50,402
mainly Investment in fixed assets (net) (-€137,249) and Contributions, distributions and other (-€25,000)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€88,491
down €88,491 (-37.7%), from €234,751 to €146,260
- Taxes -€20,520
down €20,520 (-50.7%), from €40,434 to €19,914
- Depreciation +€13,437
up €13,437 (+16.0%), from €83,973 to €97,410
- Other operating charges -€9,571
down €9,571 (-65.5%), from €14,611 to €5,040
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 | €775,796 | €787,741 | +€11,945 | +1.5% |
| Fixed assets | 21/28 | €658,715 | €698,554 | +€39,839 | +6.0% |
| Tangible fixed assets | 22/27 | €658,715 | €698,554 | +€39,839 | +6.0% |
| Land and buildings | 22 | €616,335 | €653,467 | +€37,132 | +6.0% |
| Plant, machinery and equipment | 23 | €375 | €274 | -€101 | -26.8% |
| Furniture and vehicles | 24 | €42,006 | €44,813 | +€2,808 | +6.7% |
| Current assets | 29/58 | €117,081 | €89,186 | -€27,894 | -23.8% |
| Amounts receivable within one year | 40/41 | €34,965 | €38,378 | +€3,413 | +9.8% |
| Trade receivables | 40 | €23,777 | €16,033 | -€7,744 | -32.6% |
| Other amounts receivable | 41 | €11,189 | €22,346 | +€11,157 | +99.7% |
| Cash at bank and in hand | 54/58 | €79,286 | €50,402 | -€28,884 | -36.4% |
| Deferred charges and accrued income | 490/1 | €2,829 | €406 | -€2,423 | -85.7% |
| Total equity and liabilities | 10/49 | €775,796 | €787,741 | +€11,945 | +1.5% |
| Equity | 10/15 | €756,369 | €753,826 | -€2,543 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €341,383 | €338,840 | -€2,543 | -0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €341,383 | €338,840 | -€2,543 | -0.7% |
| Profit (loss) carried forward | 14 | €396,386 | €396,386 | = | 0.0% |
| Amounts payable | 17/49 | €19,427 | €33,914 | +€14,487 | +74.6% |
| Amounts payable within one year | 42/48 | €18,460 | €29,675 | +€11,215 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,401 | €5,035 | -€367 | -6.8% |
| Suppliers | 440/4 | €5,401 | €5,035 | -€367 | -6.8% |
| Taxes, remuneration and social security | 45 | €13,058 | €19,426 | +€6,368 | +48.8% |
| Taxes | 450/3 | €12,157 | €18,517 | +€6,360 | +52.3% |
| Remuneration and social security | 454/9 | €901 | €909 | +€8 | +0.8% |
| Other amounts payable | 47/48 | €0 | €5,214 | +€5,214 | |
| Accrued charges and deferred income | 492/3 | €968 | €4,240 | +€3,272 | +338.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,973 | €97,410 | +€13,437 | +16.0% |
| Other operating charges | 640/8 | €14,611 | €5,040 | -€9,571 | -65.5% |
| Gross operating margin | 9900 | €234,751 | €146,260 | -€88,491 | -37.7% |
| Operating profit (loss) | 9901 | €136,167 | €43,810 | -€92,356 | -67.8% |
| Financial income | 75/76B | €345 | €2 | -€344 | -99.5% |
| Recurring financial income | 75 | €345 | €2 | -€344 | -99.5% |
| Financial charges | 65/66B | €1,432 | €1,440 | +€9 | +0.6% |
| Recurring financial charges | 65 | €1,432 | €1,440 | +€9 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €135,081 | €42,372 | -€92,709 | -68.6% |
| Income taxes | 67/77 | €40,434 | €19,914 | -€20,520 | -50.7% |
| Profit (loss) for the period | 9904 | €94,647 | €22,458 | -€72,189 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,647 | €22,458 | -€72,189 | -76.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.