CONVOY: 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.
CONVOY
Largest movements
- Cash +€9,218
up €9,218 (+19.7%), from €46,882 to €56,100
mainly Receivables within one year (+€8,839) and Net result for the year (+€5,588)
- Receivables within one year -€8,839
down €8,839 (-60.0%), from €14,722 to €5,883
of which Trade receivables: -€7,360
- Reserves +€5,588
up €5,588 (+8.0%), from €69,452 to €75,040
of which Distributable reserves: +€5,588
- Tax, wage and social debts -€2,433
down €2,433 (-53.4%), from €4,556 to €2,123
- Trade debts -€2,046
down €2,046 (-92.4%), from €2,215 to €169
- Other debts -€1,133
no longer reported in 2025 (was €1,133)
- Gross operating margin -€13,048
down €13,048 (-63.5%), from €20,559 to €7,511
- Taxes -€614
down €614 (-33.6%), from €1,829 to €1,215
- Financial charges -€299
down €299 (-62.4%), from €479 to €180
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 | €62,626 | €62,602 | -€24 | 0.0% |
| Current assets | 29/58 | €62,626 | €62,602 | -€24 | 0.0% |
| Amounts receivable within one year | 40/41 | €14,722 | €5,883 | -€8,839 | -60.0% |
| Trade receivables | 40 | €13,243 | €5,883 | -€7,360 | -55.6% |
| Other amounts receivable | 41 | €1,479 | - | -€1,479 | |
| Cash at bank and in hand | 54/58 | €46,882 | €56,100 | +€9,218 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,022 | €619 | -€403 | -39.4% |
| Total equity and liabilities | 10/49 | €62,626 | €62,602 | -€24 | 0.0% |
| Equity | 10/15 | €54,722 | €60,310 | +€5,588 | +10.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €69,452 | €75,040 | +€5,588 | +8.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €64,452 | €70,040 | +€5,588 | +8.7% |
| Profit (loss) carried forward | 14 | -€39,519 | -€39,519 | = | 0.0% |
| Amounts payable | 17/49 | €7,904 | €2,292 | -€5,612 | -71.0% |
| Amounts payable within one year | 42/48 | €7,904 | €2,292 | -€5,612 | -71.0% |
| Trade debts | 44 | €2,215 | €169 | -€2,046 | -92.4% |
| Suppliers | 440/4 | €2,215 | €169 | -€2,046 | -92.4% |
| Taxes, remuneration and social security | 45 | €4,556 | €2,123 | -€2,433 | -53.4% |
| Taxes | 450/3 | €4,556 | €2,123 | -€2,433 | -53.4% |
| Other amounts payable | 47/48 | €1,133 | - | -€1,133 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €361 | €528 | +€167 | +46.3% |
| Gross operating margin | 9900 | €20,559 | €7,511 | -€13,048 | -63.5% |
| Operating profit (loss) | 9901 | €20,198 | €6,983 | -€13,215 | -65.4% |
| Financial income | 75/76B | €102 | - | -€102 | |
| Recurring financial income | 75 | €102 | - | -€102 | |
| Financial charges | 65/66B | €479 | €180 | -€299 | -62.4% |
| Recurring financial charges | 65 | €479 | €180 | -€299 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €19,821 | €6,803 | -€13,018 | -65.7% |
| Income taxes | 67/77 | €1,829 | €1,215 | -€614 | -33.6% |
| Profit (loss) for the period | 9904 | €17,992 | €5,588 | -€12,404 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,992 | €5,588 | -€12,404 | -68.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.