CONVICE: 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.
CONVICE
Largest movements
- Tangible fixed assets +€150,515
up €150,515 (+50.3%), from €299,178 to €449,693
of which Land and buildings: +€164,816
- Current investments -€13,610
down €13,610 (-56.8%), from €23,943 to €10,332
- Debts after one year +€139,313
up €139,313 (+92.9%), from €149,986 to €289,299
- Reserves +€11,320
up €11,320 (+7.2%), from €156,680 to €168,001
- Current portion of long-term debt +€10,001
up €10,001 (+44.2%), from €22,630 to €32,631
- Other debts -€8,937
down €8,937 (-62.1%), from €14,402 to €5,465
- Depreciation +€24,211
up €24,211 (+99.0%), from €24,456 to €48,667
- Taxes -€10,175
down €10,175 (-73.8%), from €13,782 to €3,607
- Financial income +€4,506
up €4,506 (+4175.0%), from €108 to €4,614
- Gross operating margin -€4,269
down €4,269 (-5.8%), from €73,339 to €69,071
- Financial charges +€2,583
up €2,583 (+45.9%), from €5,621 to €8,204
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 | €371,094 | €516,515 | +€145,422 | +39.2% |
| Fixed assets | 21/28 | €299,178 | €449,693 | +€150,515 | +50.3% |
| Tangible fixed assets | 22/27 | €299,178 | €449,693 | +€150,515 | +50.3% |
| Land and buildings | 22 | €251,714 | €416,529 | +€164,816 | +65.5% |
| Plant, machinery and equipment | 23 | €35,533 | €23,835 | -€11,697 | -32.9% |
| Leasing and similar rights | 25 | €11,932 | €9,328 | -€2,603 | -21.8% |
| Current assets | 29/58 | €71,916 | €66,822 | -€5,093 | -7.1% |
| Stocks and contracts in progress | 3 | €4,960 | €5,012 | +€52 | +1.1% |
| Stocks | 30/36 | €4,960 | €5,012 | +€52 | +1.1% |
| Amounts receivable within one year | 40/41 | €9,016 | €14,155 | +€5,139 | +57.0% |
| Trade receivables | 40 | €8,989 | €9,615 | +€626 | +7.0% |
| Other amounts receivable | 41 | €27 | €4,541 | +€4,513 | +16581.3% |
| Current investments | 50/53 | €23,943 | €10,332 | -€13,610 | -56.8% |
| Cash at bank and in hand | 54/58 | €30,930 | €34,797 | +€3,867 | +12.5% |
| Deferred charges and accrued income | 490/1 | €3,067 | €2,525 | -€541 | -17.7% |
| Total equity and liabilities | 10/49 | €371,094 | €516,515 | +€145,422 | +39.2% |
| Equity | 10/15 | €162,880 | €174,201 | +€11,320 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,680 | €168,001 | +€11,320 | +7.2% |
| Distributable reserves | 133 | €156,680 | €168,001 | +€11,320 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €208,213 | €342,315 | +€134,101 | +64.4% |
| Amounts payable after more than one year | 17 | €149,986 | €289,299 | +€139,313 | +92.9% |
| Financial debts | 170/4 | €149,986 | €289,299 | +€139,313 | +92.9% |
| Amounts payable within one year | 42/48 | €54,538 | €53,016 | -€1,523 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €22,630 | €32,631 | +€10,001 | +44.2% |
| Trade debts | 44 | €5,675 | €6,072 | +€396 | +7.0% |
| Suppliers | 440/4 | €5,675 | €6,072 | +€396 | +7.0% |
| Taxes, remuneration and social security | 45 | €11,831 | €8,848 | -€2,983 | -25.2% |
| Taxes | 450/3 | €9,881 | €6,898 | -€2,983 | -30.2% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €14,402 | €5,465 | -€8,937 | -62.1% |
| Accrued charges and deferred income | 492/3 | €3,689 | €0 | -€3,689 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,456 | €48,667 | +€24,211 | +99.0% |
| Other operating charges | 640/8 | €1,635 | €1,886 | +€251 | +15.4% |
| Gross operating margin | 9900 | €73,339 | €69,071 | -€4,269 | -5.8% |
| Operating profit (loss) | 9901 | €47,249 | €18,518 | -€28,731 | -60.8% |
| Financial income | 75/76B | €108 | €4,614 | +€4,506 | +4175.0% |
| Recurring financial income | 75 | €108 | €4,614 | +€4,506 | +4175.0% |
| Financial charges | 65/66B | €5,621 | €8,204 | +€2,583 | +45.9% |
| Recurring financial charges | 65 | €5,621 | €8,204 | +€2,583 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €41,735 | €14,927 | -€26,808 | -64.2% |
| Income taxes | 67/77 | €13,782 | €3,607 | -€10,175 | -73.8% |
| Profit (loss) for the period | 9904 | €27,954 | €11,320 | -€16,633 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,954 | €11,320 | -€16,633 | -59.5% |
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 6 October 2026 via checked.be.