CONVICTION IMMO: 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.
CONVICTION IMMO
Largest movements
- Tangible fixed assets -€15,290
down €15,290 (-4.6%), from €335,041 to €319,752
- Cash -€4,000
down €4,000 (-55.5%), from €7,207 to €3,207
mainly Other debts (-€114,448) and Net result for the year (-€18,213)
- Other debts -€114,448
down €114,448 (-54.3%), from €210,925 to €96,477
- Debts after one year +€105,795
up €105,795 (+68.7%), from €153,990 to €259,785
- Profit (loss) carried forward -€9,212
down €9,212 (-3.6%), from -€253,739 to -€262,951
- Reserves -€6,751
down €6,751 (-4.1%), from €163,008 to €156,257
- Current portion of long-term debt +€4,686
up €4,686 (+53.9%), from €8,691 to €13,377
- Staff costs -€1,614
down €1,614 (-12.0%), from €13,493 to €11,878
- Financial charges +€771
up €771 (+9.5%), from €8,127 to €8,899
- Other operating charges -€728
down €728 (-18.3%), from €3,975 to €3,247
- Depreciation +€317
up €317 (+2.1%), from €14,973 to €15,290
- Gross operating margin -€218
down €218 (-1.0%), from €21,319 to €21,101
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 | €345,092 | €323,826 | -€21,266 | -6.2% |
| Fixed assets | 21/28 | €335,041 | €319,752 | -€15,290 | -4.6% |
| Tangible fixed assets | 22/27 | €335,041 | €319,752 | -€15,290 | -4.6% |
| Land and buildings | 22 | €335,041 | €319,752 | -€15,290 | -4.6% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €10,051 | €4,075 | -€5,976 | -59.5% |
| Amounts receivable within one year | 40/41 | €444 | €726 | +€282 | +63.4% |
| Trade receivables | 40 | €0 | €726 | +€726 | |
| Other amounts receivable | 41 | €444 | €0 | -€444 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,207 | €3,207 | -€4,000 | -55.5% |
| Deferred charges and accrued income | 490/1 | €2,400 | €142 | -€2,258 | -94.1% |
| Total equity and liabilities | 10/49 | €345,092 | €323,826 | -€21,266 | -6.2% |
| Equity | 10/15 | -€89,731 | -€105,693 | -€15,963 | -17.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €163,008 | €156,257 | -€6,751 | -4.1% |
| Tax-exempt reserves | 132 | €163,008 | €156,257 | -€6,751 | -4.1% |
| Profit (loss) carried forward | 14 | -€253,739 | -€262,951 | -€9,212 | -3.6% |
| Provisions and deferred taxes | 16 | €54,336 | €52,086 | -€2,250 | -4.1% |
| Deferred taxes | 168 | €54,336 | €52,086 | -€2,250 | -4.1% |
| Amounts payable | 17/49 | €380,487 | €377,434 | -€3,053 | -0.8% |
| Amounts payable after more than one year | 17 | €153,990 | €259,785 | +€105,795 | +68.7% |
| Financial debts | 170/4 | €153,990 | €259,785 | +€105,795 | +68.7% |
| Amounts payable within one year | 42/48 | €226,497 | €117,649 | -€108,848 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €8,691 | €13,377 | +€4,686 | +53.9% |
| Trade debts | 44 | €4,087 | €2,007 | -€2,079 | -50.9% |
| Suppliers | 440/4 | €4,087 | €2,007 | -€2,079 | -50.9% |
| Taxes, remuneration and social security | 45 | €2,794 | €5,788 | +€2,994 | +107.2% |
| Taxes | 450/3 | €0 | €3,433 | +€3,433 | |
| Remuneration and social security | 454/9 | €2,794 | €2,355 | -€439 | -15.7% |
| Other amounts payable | 47/48 | €210,925 | €96,477 | -€114,448 | -54.3% |
| Remuneration, social security and pensions | 62 | €13,493 | €11,878 | -€1,614 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,973 | €15,290 | +€317 | +2.1% |
| Other operating charges | 640/8 | €3,975 | €3,247 | -€728 | -18.3% |
| Gross operating margin | 9900 | €21,319 | €21,101 | -€218 | -1.0% |
| Operating profit (loss) | 9901 | -€11,122 | -€9,314 | +€1,808 | +16.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,127 | €8,899 | +€771 | +9.5% |
| Recurring financial charges | 65 | €8,127 | €8,899 | +€771 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,249 | -€18,213 | +€1,036 | +5.4% |
| Profit (loss) for the period | 9904 | -€19,249 | -€18,213 | +€1,036 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €9,001 | €9,001 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,247 | -€9,212 | +€1,036 | +10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.