Convins: 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.
Convins
Largest movements
- Intangible fixed assets -€47,068
down €47,068 (-59.2%), from €79,493 to €32,425
- Tangible fixed assets +€37,747
up €37,747 (+12.2%), from €310,189 to €347,936
of which Leasing and similar rights: +€50,076
- Cash -€18,334
down €18,334 (-56.4%), from €32,523 to €14,188
mainly Investment in fixed assets (net) (-€67,304) and Debts after one year (-€31,158)
- Receivables within one year -€8,340
down €8,340 (-7.0%), from €119,003 to €110,663
of which Trade receivables: -€14,448
- Deferred charges and accrued income +€6,631
up €6,631 (+196%), from €3,387 to €10,018
- Debts after one year -€31,158
down €31,158 (-10.0%), from €310,556 to €279,398
- Current portion of long-term debt +€9,952
up €9,952 (+16.1%), from €61,708 to €71,660
- Tax, wage and social debts -€7,251
down €7,251 (-17.2%), from €42,094 to €34,844
of which Remuneration and social security: -€7,502
- Purchases and services +€29,260
up €29,260 (+15.1%), from €194,132 to €223,392
- Gross operating margin -€21,074
down €21,074 (-5.9%), from €354,431 to €333,357
- Turnover +€10,720
up €10,720 (+2.0%), from €534,705 to €545,425
- Taxes -€9,608
down €9,608 (-61.0%), from €15,755 to €6,147
- Depreciation +€8,135
up €8,135 (+11.9%), from €68,490 to €76,625
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 | €544,595 | €515,230 | -€29,364 | -5.4% |
| Fixed assets | 21/28 | €389,682 | €380,361 | -€9,321 | -2.4% |
| Intangible fixed assets | 21 | €79,493 | €32,425 | -€47,068 | -59.2% |
| Tangible fixed assets | 22/27 | €310,189 | €347,936 | +€37,747 | +12.2% |
| Land and buildings | 22 | €291,219 | €279,085 | -€12,134 | -4.2% |
| Furniture and vehicles | 24 | €13,816 | €14,767 | +€951 | +6.9% |
| Leasing and similar rights | 25 | - | €50,076 | +€50,076 | |
| Other tangible fixed assets | 26 | €5,154 | €4,008 | -€1,146 | -22.2% |
| Current assets | 29/58 | €154,913 | €134,869 | -€20,043 | -12.9% |
| Amounts receivable within one year | 40/41 | €119,003 | €110,663 | -€8,340 | -7.0% |
| Trade receivables | 40 | €104,758 | €90,310 | -€14,448 | -13.8% |
| Other amounts receivable | 41 | €14,245 | €20,353 | +€6,108 | +42.9% |
| Cash at bank and in hand | 54/58 | €32,523 | €14,188 | -€18,334 | -56.4% |
| Deferred charges and accrued income | 490/1 | €3,387 | €10,018 | +€6,631 | +196% |
| Total equity and liabilities | 10/49 | €544,595 | €515,230 | -€29,364 | -5.4% |
| Equity | 10/15 | €77,196 | €80,991 | +€3,795 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,136 | €72,931 | +€3,795 | +5.5% |
| Amounts payable | 17/49 | €467,398 | €434,240 | -€33,159 | -7.1% |
| Amounts payable after more than one year | 17 | €310,556 | €279,398 | -€31,158 | -10.0% |
| Financial debts | 170/4 | €310,556 | €279,398 | -€31,158 | -10.0% |
| Amounts payable within one year | 42/48 | €156,842 | €154,842 | -€2,000 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €61,708 | €71,660 | +€9,952 | +16.1% |
| Financial debts | 43 | €4,436 | - | -€4,436 | |
| Credit institutions | 430/8 | €4,436 | - | -€4,436 | |
| Trade debts | 44 | €8,409 | €8,143 | -€266 | -3.2% |
| Suppliers | 440/4 | €8,409 | €8,143 | -€266 | -3.2% |
| Taxes, remuneration and social security | 45 | €42,094 | €34,844 | -€7,251 | -17.2% |
| Taxes | 450/3 | €5,736 | €5,988 | +€251 | +4.4% |
| Remuneration and social security | 454/9 | €36,358 | €28,856 | -€7,502 | -20.6% |
| Other amounts payable | 47/48 | €40,195 | €40,195 | = | 0.0% |
| Turnover | 70 | €534,705 | €545,425 | +€10,720 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €194,132 | €223,392 | +€29,260 | +15.1% |
| Remuneration, social security and pensions | 62 | €206,227 | €207,020 | +€793 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,490 | €76,625 | +€8,135 | +11.9% |
| Other operating charges | 640/8 | €3,196 | €9,374 | +€6,179 | +193% |
| Gross operating margin | 9900 | €354,431 | €333,357 | -€21,074 | -5.9% |
| Operating profit (loss) | 9901 | €76,518 | €40,338 | -€36,180 | -47.3% |
| Financial income | 75/76B | €39 | €29 | -€10 | -26.3% |
| Recurring financial income | 75 | €39 | €29 | -€10 | -26.3% |
| Financial charges | 65/66B | €8,990 | €10,425 | +€1,435 | +16.0% |
| Recurring financial charges | 65 | €8,990 | €10,425 | +€1,435 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €67,567 | €29,941 | -€37,625 | -55.7% |
| Income taxes | 67/77 | €15,755 | €6,147 | -€9,608 | -61.0% |
| Profit (loss) for the period | 9904 | €51,812 | €23,795 | -€28,018 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,812 | €23,795 | -€28,018 | -54.1% |
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 16 October 2026 via checked.be.