CONVIRIBUS: 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.
CONVIRIBUS
Largest movements
- Tangible fixed assets +€212,389
up €212,389 (+816%), from €26,012 to €238,401
of which Land and buildings: +€210,290
- Receivables within one year +€71,607
up €71,607 (+21.9%), from €327,433 to €399,040
of which Trade receivables: +€80,459
- Deferred charges and accrued income +€11,048
up €11,048 (+38.9%), from €28,378 to €39,426
- Debts after one year +€213,456
up €213,456 (+143%), from €148,775 to €362,232
- Reserves +€46,158
up €46,158 (+92.3%), from €50,014 to €96,172
- Trade debts +€42,597
up €42,597 (+32.6%), from €130,717 to €173,313
- Other debts -€25,743
down €25,743 (-63.5%), from €40,531 to €14,787
- Tax, wage and social debts +€13,471
up €13,471 (+228%), from €5,908 to €19,380
of which Remuneration and social security: +€10,025
- Gross operating margin +€73,543
up €73,543 (+61.7%), from €119,225 to €192,769
- Staff costs +€36,633
up €36,633 (+112%), from €32,650 to €69,283
- Depreciation +€19,488
up €19,488 (+154%), from €12,638 to €32,125
- Taxes +€3,423
up €3,423 (+31.9%), from €10,715 to €14,139
- Financial charges +€3,308
up €3,308 (+22.9%), from €14,467 to €17,775
of which Financial charges: +€3,488
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 | €427,176 | €719,593 | +€292,417 | +68.5% |
| Fixed assets | 21/28 | €26,012 | €238,401 | +€212,389 | +816% |
| Tangible fixed assets | 22/27 | €26,012 | €238,401 | +€212,389 | +816% |
| Land and buildings | 22 | €9,157 | €219,447 | +€210,290 | +2,296% |
| Plant, machinery and equipment | 23 | - | €1,191 | +€1,191 | |
| Furniture and vehicles | 24 | €16,855 | €15,329 | -€1,526 | -9.1% |
| Leasing and similar rights | 25 | - | €2,433 | +€2,433 | |
| Current assets | 29/58 | €401,163 | €481,192 | +€80,028 | +19.9% |
| Amounts receivable within one year | 40/41 | €327,433 | €399,040 | +€71,607 | +21.9% |
| Trade receivables | 40 | €316,550 | €397,009 | +€80,459 | +25.4% |
| Other amounts receivable | 41 | €10,883 | €2,031 | -€8,852 | -81.3% |
| Cash at bank and in hand | 54/58 | €45,352 | €42,726 | -€2,626 | -5.8% |
| Deferred charges and accrued income | 490/1 | €28,378 | €39,426 | +€11,048 | +38.9% |
| Total equity and liabilities | 10/49 | €427,176 | €719,593 | +€292,417 | +68.5% |
| Equity | 10/15 | €68,614 | €114,772 | +€46,158 | +67.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,014 | €96,172 | +€46,158 | +92.3% |
| Distributable reserves | 133 | €50,014 | €96,172 | +€46,158 | +92.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €358,562 | €604,821 | +€246,260 | +68.7% |
| Amounts payable after more than one year | 17 | €148,775 | €362,232 | +€213,456 | +143% |
| Financial debts | 170/4 | €148,775 | €362,232 | +€213,456 | +143% |
| Amounts payable within one year | 42/48 | €209,786 | €240,890 | +€31,104 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €32,631 | €33,410 | +€779 | +2.4% |
| Trade debts | 44 | €130,717 | €173,313 | +€42,597 | +32.6% |
| Suppliers | 440/4 | €130,717 | €173,313 | +€42,597 | +32.6% |
| Taxes, remuneration and social security | 45 | €5,908 | €19,380 | +€13,471 | +228% |
| Taxes | 450/3 | €2,315 | €5,762 | +€3,447 | +149% |
| Remuneration and social security | 454/9 | €3,593 | €13,618 | +€10,025 | +279% |
| Other amounts payable | 47/48 | €40,531 | €14,787 | -€25,743 | -63.5% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,650 | €69,283 | +€36,633 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,638 | €32,125 | +€19,488 | +154% |
| Other operating charges | 640/8 | €877 | €1,182 | +€305 | +34.7% |
| Non-recurring operating charges | 66A | - | €12,108 | +€12,108 | |
| Gross operating margin | 9900 | €119,225 | €192,769 | +€73,543 | +61.7% |
| Operating profit (loss) | 9901 | €73,061 | €78,071 | +€5,010 | +6.9% |
| Financial income | 75/76B | €4 | €0 | -€3 | -89.7% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -89.7% |
| Financial charges | 65/66B | €14,467 | €17,775 | +€3,308 | +22.9% |
| Recurring financial charges | 65 | €14,287 | €17,775 | +€3,488 | +24.4% |
| Non-recurring financial charges | 66B | €180 | €0 | -€180 | -100% |
| Profit (loss) for the period before taxes | 9903 | €58,597 | €60,296 | +€1,699 | +2.9% |
| Income taxes | 67/77 | €10,715 | €14,139 | +€3,423 | +31.9% |
| Profit (loss) for the period | 9904 | €47,882 | €46,158 | -€1,724 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,882 | €46,158 | -€1,724 | -3.6% |
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.