CONVIVENDUM: what changed
Two fiscal 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.
CONVIVENDUM
Largest movements
- Stocks and contracts -€927,370
down €927,370 (-40.7%), from €2.3m to €1.4m
- Receivables within one year -€269,423
down €269,423 (-20.6%), from €1.3m to €1.0m
of which Other amounts receivable: -€284,831
- Intangible fixed assets +€221,383
new in 2025: €221,383
- Cash +€90,695
up €90,695 (+1286.4%), from €7,050 to €97,746
mainly Stocks and contracts (+€927,370) and Receivables within one year (+€269,423)
- Current investments +€41,321
up €41,321 (+29.4%), from €140,746 to €182,067
- Short-term financial debts -€715,066
down €715,066 (-43.5%), from €1.6m to €926,900
of which Credit institutions: -€615,066
- Other debts -€234,016
down €234,016 (-29.2%), from €801,366 to €567,350
- Debts after one year +€134,468
up €134,468 (+13.2%), from €1.0m to €1.2m
- Trade debts -€48,242
down €48,242 (-97.3%), from €49,581 to €1,339
- Financial charges -€87,458
down €87,458 (-37.6%), from €232,636 to €145,178
- Gross operating margin -€36,613
down €36,613 (-21.0%), from €174,478 to €137,865
- Depreciation +€11,484
new in 2025: €11,484
- Financial income +€5,666
up €5,666 (+19.1%), from €29,714 to €35,380
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.
Cash bridge derived
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 | €3,803,967 | €2,984,437 | -€819,530 | -21.5% |
| Fixed assets | 21/28 | - | €221,383 | +€221,383 | |
| Intangible fixed assets | 21 | - | €221,383 | +€221,383 | |
| Current assets | 29/58 | €3,803,967 | €2,763,053 | -€1.0m | -27.4% |
| Stocks and contracts in progress | 3 | €2,278,739 | €1,351,370 | -€927,370 | -40.7% |
| Stocks | 30/36 | €2,278,739 | €1,351,370 | -€927,370 | -40.7% |
| Amounts receivable within one year | 40/41 | €1,308,771 | €1,039,347 | -€269,423 | -20.6% |
| Trade receivables | 40 | - | €15,408 | +€15,408 | |
| Other amounts receivable | 41 | €1,308,771 | €1,023,940 | -€284,831 | -21.8% |
| Current investments | 50/53 | €140,746 | €182,067 | +€41,321 | +29.4% |
| Cash at bank and in hand | 54/58 | €7,050 | €97,746 | +€90,695 | +1286.4% |
| Deferred charges and accrued income | 490/1 | €68,661 | €92,524 | +€23,863 | +34.8% |
| Total equity and liabilities | 10/49 | €3,803,967 | €2,984,437 | -€819,530 | -21.5% |
| Equity | 10/15 | €160,784 | €175,578 | +€14,794 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,000 | €165,000 | +€15,000 | +10.0% |
| Distributable reserves | 133 | €150,000 | €165,000 | +€15,000 | +10.0% |
| Profit (loss) carried forward | 14 | €4,584 | €4,378 | -€206 | -4.5% |
| Amounts payable | 17/49 | €3,643,183 | €2,808,859 | -€834,324 | -22.9% |
| Amounts payable after more than one year | 17 | €1,020,000 | €1,154,468 | +€134,468 | +13.2% |
| Financial debts | 170/4 | €1,020,000 | €1,154,468 | +€134,468 | +13.2% |
| Amounts payable within one year | 42/48 | €2,492,913 | €1,513,565 | -€979,348 | -39.3% |
| Financial debts | 43 | €1,641,966 | €926,900 | -€715,066 | -43.5% |
| Credit institutions | 430/8 | €1,216,966 | €601,900 | -€615,066 | -50.5% |
| Other loans | 439 | €425,000 | €325,000 | -€100,000 | -23.5% |
| Trade debts | 44 | €49,581 | €1,339 | -€48,242 | -97.3% |
| Suppliers | 440/4 | €49,581 | €1,339 | -€48,242 | -97.3% |
| Taxes, remuneration and social security | 45 | - | €17,975 | +€17,975 | |
| Taxes | 450/3 | - | €17,975 | +€17,975 | |
| Other amounts payable | 47/48 | €801,366 | €567,350 | -€234,016 | -29.2% |
| Accrued charges and deferred income | 492/3 | €130,270 | €140,826 | +€10,556 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,484 | +€11,484 | |
| Other operating charges | 640/8 | €1,171 | €1,799 | +€629 | +53.7% |
| Gross operating margin | 9900 | €174,478 | €137,865 | -€36,613 | -21.0% |
| Operating profit (loss) | 9901 | €173,307 | €124,582 | -€48,726 | -28.1% |
| Financial income | 75/76B | €29,714 | €35,380 | +€5,666 | +19.1% |
| Recurring financial income | 75 | €29,714 | €35,380 | +€5,666 | +19.1% |
| Financial charges | 65/66B | €232,636 | €145,178 | -€87,458 | -37.6% |
| Recurring financial charges | 65 | €232,636 | €145,178 | -€87,458 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,615 | €14,783 | +€44,398 | |
| Income taxes | 67/77 | €17 | -€11 | -€28 | |
| Profit (loss) for the period | 9904 | -€29,632 | €14,794 | +€44,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,632 | €14,794 | +€44,425 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.