CONVEST: 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.
CONVEST
Largest movements
- Tangible fixed assets -€15,861
down €15,861 (-5.6%), from €285,530 to €269,669
- Profit (loss) carried forward -€32,886
down €32,886 (-21.9%), from €150,106 to €117,220
- Other debts +€14,500
up €14,500 (+51.2%), from €28,315 to €42,815
- Tax, wage and social debts +€5,348
up €5,348 (+14.4%), from €37,205 to €42,553
- Debts after one year -€4,299
down €4,299 (-6.5%), from €66,544 to €62,245
- Taxes -€31,653
down €31,653 (-85.3%), from €37,103 to €5,450
- Other operating charges -€1,692
down €1,692 (-46.8%), from €3,619 to €1,927
- Gross operating margin +€1,286
up €1,286 (+14.8%), from -€8,676 to -€7,390
- Financial charges +€276
up €276 (+13.9%), from €1,983 to €2,259
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 | €297,268 | €281,100 | -€16,169 | -5.4% |
| Fixed assets | 21/28 | €285,592 | €269,731 | -€15,861 | -5.6% |
| Tangible fixed assets | 22/27 | €285,530 | €269,669 | -€15,861 | -5.6% |
| Land and buildings | 22 | €285,530 | €269,669 | -€15,861 | -5.6% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €11,676 | €11,369 | -€308 | -2.6% |
| Amounts receivable within one year | 40/41 | €537 | €698 | +€161 | +30.0% |
| Other amounts receivable | 41 | €537 | €698 | +€161 | +30.0% |
| Cash at bank and in hand | 54/58 | €11,140 | €10,671 | -€468 | -4.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €297,268 | €281,100 | -€16,169 | -5.4% |
| Equity | 10/15 | €156,306 | €123,420 | -€32,886 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €150,106 | €117,220 | -€32,886 | -21.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €140,962 | €157,679 | +€16,718 | +11.9% |
| Amounts payable after more than one year | 17 | €66,544 | €62,245 | -€4,299 | -6.5% |
| Financial debts | 170/4 | €66,544 | €62,245 | -€4,299 | -6.5% |
| Amounts payable within one year | 42/48 | €73,211 | €92,054 | +€18,844 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €4,250 | €4,299 | +€49 | +1.1% |
| Trade debts | 44 | €3,441 | €2,387 | -€1,053 | -30.6% |
| Suppliers | 440/4 | €3,441 | €2,387 | -€1,053 | -30.6% |
| Taxes, remuneration and social security | 45 | €37,205 | €42,553 | +€5,348 | +14.4% |
| Taxes | 450/3 | €37,205 | €42,553 | +€5,348 | +14.4% |
| Other amounts payable | 47/48 | €28,315 | €42,815 | +€14,500 | +51.2% |
| Accrued charges and deferred income | 492/3 | €1,207 | €3,380 | +€2,173 | +180.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,861 | €15,861 | = | 0.0% |
| Other operating charges | 640/8 | €3,619 | €1,927 | -€1,692 | -46.8% |
| Gross operating margin | 9900 | -€8,676 | -€7,390 | +€1,286 | +14.8% |
| Operating profit (loss) | 9901 | -€28,156 | -€25,178 | +€2,978 | +10.6% |
| Financial income | 75/76B | €64 | €1 | -€63 | -98.7% |
| Recurring financial income | 75 | €64 | €1 | -€63 | -98.7% |
| Financial charges | 65/66B | €1,983 | €2,259 | +€276 | +13.9% |
| Recurring financial charges | 65 | €1,983 | €2,259 | +€276 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,075 | -€27,436 | +€2,639 | +8.8% |
| Transfer from deferred taxes | 780 | €56,883 | €0 | -€56,883 | -100.0% |
| Income taxes | 67/77 | €37,103 | €5,450 | -€31,653 | -85.3% |
| Profit (loss) for the period | 9904 | -€10,296 | -€32,886 | -€22,590 | -219.4% |
| Transfer from tax-exempt reserves | 789 | €170,648 | €0 | -€170,648 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,352 | -€32,886 | -€193,238 |
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 5 October 2026 via checked.be.