CONVINCED: 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.
CONVINCED
Largest movements
- Cash -€39,465
down €39,465 (-80.6%), from €48,944 to €9,479
mainly Other debts (-€53,365) and Tax, wage and social debts (-€977)
- Receivables within one year -€2,328
down €2,328 (-83.6%), from €2,783 to €455
of which Trade receivables: -€2,776
- Other debts -€53,365
no longer reported in 2025 (was €53,365)
- Profit (loss) carried forward +€11,549
up €11,549 (+75.6%), from -€15,270 to -€3,722
- Tax, wage and social debts -€977
down €977 (-93.5%), from €1,045 to €68
- Trade debts +€757
up €757 (+546%), from €139 to €896
- Gross operating margin -€28,464
down €28,464 (-70.1%), from €40,608 to €12,143
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 | €53,538 | €11,502 | -€42,036 | -78.5% |
| Fixed assets | 21/28 | €701 | €200 | -€501 | -71.5% |
| Tangible fixed assets | 22/27 | €501 | - | -€501 | |
| Plant, machinery and equipment | 23 | €501 | - | -€501 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €52,837 | €11,302 | -€41,535 | -78.6% |
| Stocks and contracts in progress | 3 | - | €174 | +€174 | |
| Stocks | 30/36 | - | €174 | +€174 | |
| Amounts receivable within one year | 40/41 | €2,783 | €455 | -€2,328 | -83.6% |
| Trade receivables | 40 | €2,783 | €7 | -€2,776 | -99.8% |
| Other amounts receivable | 41 | - | €448 | +€448 | |
| Cash at bank and in hand | 54/58 | €48,944 | €9,479 | -€39,465 | -80.6% |
| Deferred charges and accrued income | 490/1 | €1,109 | €1,194 | +€84 | +7.6% |
| Total equity and liabilities | 10/49 | €53,538 | €11,502 | -€42,036 | -78.5% |
| Equity | 10/15 | -€1,010 | €10,539 | +€11,549 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,270 | -€3,722 | +€11,549 | +75.6% |
| Amounts payable | 17/49 | €54,548 | €964 | -€53,585 | -98.2% |
| Amounts payable within one year | 42/48 | €54,548 | €964 | -€53,585 | -98.2% |
| Trade debts | 44 | €139 | €896 | +€757 | +546% |
| Suppliers | 440/4 | €139 | €896 | +€757 | +546% |
| Taxes, remuneration and social security | 45 | €1,045 | €68 | -€977 | -93.5% |
| Taxes | 450/3 | €1,045 | €68 | -€977 | -93.5% |
| Other amounts payable | 47/48 | €53,365 | - | -€53,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €501 | +€0 | 0.0% |
| Other operating charges | 640/8 | €163 | - | -€163 | |
| Gross operating margin | 9900 | €40,608 | €12,143 | -€28,464 | -70.1% |
| Operating profit (loss) | 9901 | €39,944 | €11,642 | -€28,302 | -70.9% |
| Financial charges | 65/66B | €68 | €93 | +€25 | +36.0% |
| Recurring financial charges | 65 | €62 | €86 | +€24 | +39.6% |
| Non-recurring financial charges | 66B | €7 | €7 | +€0 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €39,875 | €11,549 | -€28,327 | -71.0% |
| Income taxes | 67/77 | €68 | - | -€68 | |
| Profit (loss) for the period | 9904 | €39,808 | €11,549 | -€28,259 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,808 | €11,549 | -€28,259 | -71.0% |
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 13 October 2026 via checked.be.