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
- Cash +€37,530
up €37,530 (+109%), from €34,464 to €71,994
mainly Other debts (+€51,888) and Net result for the year (+€31,545)
- Tangible fixed assets -€16,703
down €16,703 (-4.5%), from €371,484 to €354,781
of which Land and buildings: -€15,631
- Receivables within one year +€4,952
up €4,952 (+1,919%), from €258 to €5,210
- Other debts +€51,888
up €51,888 (+115%), from €45,286 to €97,174
- Reserves -€31,985
down €31,985 (-35.3%), from €90,660 to €58,675
- Debts after one year -€15,395
down €15,395 (-6.7%), from €228,664 to €213,269
- Tax, wage and social debts +€15,148
up €15,148 (+79.3%), from €19,091 to €34,239
of which Taxes: +€14,650
- Trade debts +€5,599
up €5,599 (+825%), from €679 to €6,278
- Gross operating margin +€24,378
up €24,378 (+48.8%), from €49,914 to €74,292
- Taxes +€7,580
up €7,580 (+161%), from €4,700 to €12,280
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 | €406,807 | €432,530 | +€25,723 | +6.3% |
| Formation expenses | 20 | €63 | €0 | -€63 | -100% |
| Fixed assets | 21/28 | €371,484 | €354,781 | -€16,703 | -4.5% |
| Tangible fixed assets | 22/27 | €371,484 | €354,781 | -€16,703 | -4.5% |
| Land and buildings | 22 | €368,175 | €352,544 | -€15,631 | -4.2% |
| Plant, machinery and equipment | 23 | €1,136 | €647 | -€489 | -43.0% |
| Furniture and vehicles | 24 | €2,173 | €1,591 | -€583 | -26.8% |
| Current assets | 29/58 | €35,259 | €77,749 | +€42,489 | +121% |
| Amounts receivable within one year | 40/41 | €258 | €5,210 | +€4,952 | +1,919% |
| Trade receivables | 40 | €258 | €5,210 | +€4,952 | +1,919% |
| Cash at bank and in hand | 54/58 | €34,464 | €71,994 | +€37,530 | +109% |
| Deferred charges and accrued income | 490/1 | €537 | €545 | +€8 | +1.4% |
| Total equity and liabilities | 10/49 | €406,807 | €432,530 | +€25,723 | +6.3% |
| Equity | 10/15 | €98,160 | €66,175 | -€31,985 | -32.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €90,660 | €58,675 | -€31,985 | -35.3% |
| Distributable reserves | 133 | €90,660 | €58,675 | -€31,985 | -35.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,647 | €366,355 | +€57,708 | +18.7% |
| Amounts payable after more than one year | 17 | €228,664 | €213,269 | -€15,395 | -6.7% |
| Financial debts | 170/4 | €228,664 | €213,269 | -€15,395 | -6.7% |
| Amounts payable within one year | 42/48 | €79,983 | €153,086 | +€73,103 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €14,927 | €15,395 | +€469 | +3.1% |
| Trade debts | 44 | €679 | €6,278 | +€5,599 | +825% |
| Suppliers | 440/4 | €679 | €6,278 | +€5,599 | +825% |
| Taxes, remuneration and social security | 45 | €19,091 | €34,239 | +€15,148 | +79.3% |
| Taxes | 450/3 | €15,568 | €30,219 | +€14,650 | +94.1% |
| Remuneration and social security | 454/9 | €3,523 | €4,020 | +€497 | +14.1% |
| Other amounts payable | 47/48 | €45,286 | €97,174 | +€51,888 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,357 | €16,766 | +€409 | +2.5% |
| Other operating charges | 640/8 | €2,037 | €2,673 | +€636 | +31.2% |
| Gross operating margin | 9900 | €49,914 | €74,292 | +€24,378 | +48.8% |
| Operating profit (loss) | 9901 | €31,521 | €54,853 | +€23,332 | +74.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €11,293 | €11,028 | -€265 | -2.4% |
| Recurring financial charges | 65 | €11,293 | €11,028 | -€265 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €20,229 | €43,825 | +€23,596 | +117% |
| Income taxes | 67/77 | €4,700 | €12,280 | +€7,580 | +161% |
| Profit (loss) for the period | 9904 | €15,529 | €31,545 | +€16,016 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €15,529 | €31,545 | +€16,016 | +103% |
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 14 October 2026 via checked.be.