CONVEY: 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.
CONVEY
Largest movements
- Cash +€175,133
up €175,133 (+81.6%), from €214,668 to €389,800
mainly Net result for the year (+€167,639) and Depreciation (+€21,509)
- Receivables within one year -€19,802
down €19,802 (-28.6%), from €69,258 to €49,456
of which Trade receivables: -€19,780
- Reserves +€167,639
up €167,639 (+34.4%), from €487,458 to €655,097
- Debts after one year -€17,338
down €17,338 (-12.1%), from €143,495 to €126,157
- Financial income +€55,081
up €55,081 (+2359.3%), from €2,335 to €57,415
- Gross operating margin +€12,861
up €12,861 (+6.6%), from €193,775 to €206,637
- Taxes +€8,849
up €8,849 (+16.2%), from €54,475 to €63,324
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 | €791,966 | €945,565 | +€153,599 | +19.4% |
| Fixed assets | 21/28 | €438,682 | €436,243 | -€2,439 | -0.6% |
| Tangible fixed assets | 22/27 | €388,682 | €386,243 | -€2,439 | -0.6% |
| Land and buildings | 22 | €386,625 | €373,795 | -€12,830 | -3.3% |
| Plant, machinery and equipment | 23 | €1,832 | €1,628 | -€204 | -11.1% |
| Furniture and vehicles | 24 | €225 | €10,820 | +€10,595 | +4704.9% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €353,284 | €509,322 | +€156,038 | +44.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €52,500 | +€2,500 | +5.0% |
| Other amounts receivable | 291 | €50,000 | €52,500 | +€2,500 | +5.0% |
| Stocks and contracts in progress | 3 | €16,157 | €12,118 | -€4,039 | -25.0% |
| Stocks | 30/36 | €16,157 | €12,118 | -€4,039 | -25.0% |
| Amounts receivable within one year | 40/41 | €69,258 | €49,456 | -€19,802 | -28.6% |
| Trade receivables | 40 | €69,231 | €49,451 | -€19,780 | -28.6% |
| Other amounts receivable | 41 | €27 | €5 | -€22 | -82.6% |
| Cash at bank and in hand | 54/58 | €214,668 | €389,800 | +€175,133 | +81.6% |
| Deferred charges and accrued income | 490/1 | €3,201 | €5,448 | +€2,247 | +70.2% |
| Total equity and liabilities | 10/49 | €791,966 | €945,565 | +€153,599 | +19.4% |
| Equity | 10/15 | €493,658 | €661,297 | +€167,639 | +34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €487,458 | €655,097 | +€167,639 | +34.4% |
| Distributable reserves | 133 | €487,458 | €655,097 | +€167,639 | +34.4% |
| Amounts payable | 17/49 | €298,308 | €284,268 | -€14,040 | -4.7% |
| Amounts payable after more than one year | 17 | €143,495 | €126,157 | -€17,338 | -12.1% |
| Financial debts | 170/4 | €143,495 | €126,157 | -€17,338 | -12.1% |
| Amounts payable within one year | 42/48 | €147,383 | €149,993 | +€2,610 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €17,065 | €17,338 | +€274 | +1.6% |
| Trade debts | 44 | €5,173 | €4,693 | -€479 | -9.3% |
| Suppliers | 440/4 | €5,173 | €4,693 | -€479 | -9.3% |
| Taxes, remuneration and social security | 45 | €30,352 | €31,959 | +€1,607 | +5.3% |
| Taxes | 450/3 | €30,352 | €31,959 | +€1,607 | +5.3% |
| Other amounts payable | 47/48 | €94,794 | €96,003 | +€1,209 | +1.3% |
| Accrued charges and deferred income | 492/3 | €7,430 | €8,118 | +€688 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,833 | €21,509 | +€1,676 | +8.5% |
| Other operating charges | 640/8 | €706 | €699 | -€7 | -1.0% |
| Non-recurring operating charges | 66A | €33 | €0 | -€33 | -100.0% |
| Gross operating margin | 9900 | €193,775 | €206,637 | +€12,861 | +6.6% |
| Operating profit (loss) | 9901 | €173,204 | €184,429 | +€11,225 | +6.5% |
| Financial income | 75/76B | €2,335 | €57,415 | +€55,081 | +2359.3% |
| Recurring financial income | 75 | €2,335 | €57,415 | +€55,081 | +2359.3% |
| Financial charges | 65/66B | €10,194 | €10,882 | +€689 | +6.8% |
| Recurring financial charges | 65 | €10,194 | €10,882 | +€689 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €165,345 | €230,962 | +€65,617 | +39.7% |
| Income taxes | 67/77 | €54,475 | €63,324 | +€8,849 | +16.2% |
| Profit (loss) for the period | 9904 | €110,870 | €167,639 | +€56,769 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,870 | €167,639 | +€56,769 | +51.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.