CONVINCE: 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.
CONVINCE
Largest movements
- Tangible fixed assets +€20,288
new in 2025: €20,288
- Stocks and contracts -€7,735
down €7,735 (-26.0%), from €29,709 to €21,974
- Receivables within one year -€2,720
down €2,720 (-30.1%), from €9,026 to €6,306
- Other debts +€22,596
up €22,596 (+45.0%), from €50,239 to €72,835
- Profit (loss) carried forward -€12,760
down €12,760 (-19.4%), from -€65,779 to -€78,539
- Tax, wage and social debts +€2,233
up €2,233 (+72.8%), from €3,069 to €5,301
- Trade debts -€1,516
down €1,516 (-17.5%), from €8,660 to €7,144
- Gross operating margin -€899
down €899 (-12.7%), from -€7,104 to -€8,003
- Other operating charges +€809
up €809 (+68.6%), from €1,179 to €1,989
- Depreciation -€468
down €468 (-29.1%), from €1,607 to €1,139
- Financial charges +€330
up €330 (+26.1%), from €1,266 to €1,596
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.
Derived cash bridge
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 | €39,442 | €49,614 | +€10,172 | +25.8% |
| Fixed assets | 21/28 | - | €20,288 | +€20,288 | |
| Tangible fixed assets | 22/27 | - | €20,288 | +€20,288 | |
| Furniture and vehicles | 24 | - | €20,288 | +€20,288 | |
| Current assets | 29/58 | €39,442 | €29,326 | -€10,116 | -25.6% |
| Stocks and contracts in progress | 3 | €29,709 | €21,974 | -€7,735 | -26.0% |
| Stocks | 30/36 | €29,709 | €21,974 | -€7,735 | -26.0% |
| Amounts receivable within one year | 40/41 | €9,026 | €6,306 | -€2,720 | -30.1% |
| Trade receivables | 40 | €9,026 | €6,306 | -€2,720 | -30.1% |
| Cash at bank and in hand | 54/58 | €607 | €1,046 | +€439 | +72.3% |
| Deferred charges and accrued income | 490/1 | €100 | - | -€100 | |
| Total equity and liabilities | 10/49 | €39,442 | €49,614 | +€10,172 | +25.8% |
| Equity | 10/15 | -€31,218 | -€43,978 | -€12,760 | -40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,961 | €15,961 | = | 0.0% |
| Distributable reserves | 133 | €15,961 | €15,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,779 | -€78,539 | -€12,760 | -19.4% |
| Amounts payable | 17/49 | €70,660 | €93,592 | +€22,932 | +32.5% |
| Amounts payable within one year | 42/48 | €70,660 | €93,592 | +€22,932 | +32.5% |
| Financial debts | 43 | €8,692 | €8,312 | -€381 | -4.4% |
| Credit institutions | 430/8 | €8,692 | €8,312 | -€381 | -4.4% |
| Trade debts | 44 | €8,660 | €7,144 | -€1,516 | -17.5% |
| Suppliers | 440/4 | €8,660 | €7,144 | -€1,516 | -17.5% |
| Taxes, remuneration and social security | 45 | €3,069 | €5,301 | +€2,233 | +72.8% |
| Taxes | 450/3 | €3,069 | €5,301 | +€2,233 | +72.8% |
| Other amounts payable | 47/48 | €50,239 | €72,835 | +€22,596 | +45.0% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €1,139 | -€468 | -29.1% |
| Other operating charges | 640/8 | €1,179 | €1,989 | +€809 | +68.6% |
| Gross operating margin | 9900 | -€7,104 | -€8,003 | -€899 | -12.7% |
| Operating profit (loss) | 9901 | -€9,891 | -€11,131 | -€1,240 | -12.5% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €1,266 | €1,596 | +€330 | +26.1% |
| Recurring financial charges | 65 | €1,266 | €1,596 | +€330 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,100 | -€12,727 | -€1,627 | -14.7% |
| Income taxes | 67/77 | - | €33 | +€33 | |
| Profit (loss) for the period | 9904 | -€11,100 | -€12,760 | -€1,660 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,100 | -€12,760 | -€1,660 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.