DR CONVENS CARL: what changed
What changed
DR CONVENS CARL
filed annual accounts (NBB)
Net result for the year
€470,541
2024 · €522,451-€51,910
Equity
€2.8m
2024 · €2.6m+€248,099
Cash
€497,076
2024 · €708,596-€211,520
Balance sheet total
€3.0m
2024 · €2.8m+€208,588
Largest movements
Assets
- Current investments +€282,660
up €282,660 (+24.7%), from €1.1m to €1.4m
- Cash -€211,520
down €211,520 (-29.9%), from €708,596 to €497,076
mainly Current investments (-€282,660) and Contributions, distributions and other (-€222,442)
- Deferred charges and accrued income +€130,107
up €130,107 (+502%), from €25,897 to €156,004
- Receivables within one year +€96,902
new in 2025: €96,902
- Receivables after one year -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
Equity and liabilities
- Reserves +€248,099
up €248,099 (+13.2%), from €1.9m to €2.1m
Income statement
- Gross operating margin -€43,687
down €43,687 (-5.7%), from €764,872 to €721,184
- Depreciation +€37,982
up €37,982 (+291%), from €13,064 to €51,046
- Taxes -€18,579
down €18,579 (-7.8%), from €237,479 to €218,899
- Financial income +€16,359
up €16,359 (+140%), from €11,696 to €28,055
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€522,451
Gross operating margin
-€43,687
Depreciation
-€37,982
Other operating charges
-€184
Financial income
+€16,359
Financial charges
-€4,995
Taxes
+€18,579
Result 2025
€470,541
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€335,067
Investment
-€294,145
Financing
-€252,442
Cash 2024
€708,596
From operations (derived)
+€335,067
Net result for the year
+€470,541
Depreciation
+€51,046
Receivables after one year
+€50,000
Receivables within one year
-€96,902
Deferred charges and accrued income
-€130,107
Trade debts
+€650
Tax, wage and social debts
-€8,530
Other debts
-€1,631
Investment (derived)
-€294,145
Investment in fixed assets (net)
-€11,485
Current investments
-€282,660
Financing
-€252,442
Debts after one year
-€30,000
Contributions, distributions and other
-€222,442
Cash 2025
€497,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,797,334 | €3,005,922 | +€208,588 | +7.5% |
| Fixed assets | 21/28 | €767,500 | €727,939 | -€39,561 | -5.2% |
| Tangible fixed assets | 22/27 | €767,500 | €727,939 | -€39,561 | -5.2% |
| Land and buildings | 22 | €437,863 | €437,863 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €810 | +€810 | |
| Furniture and vehicles | 24 | €232,977 | €192,606 | -€40,371 | -17.3% |
| Other tangible fixed assets | 26 | €96,660 | €96,660 | = | 0.0% |
| Current assets | 29/58 | €2,029,834 | €2,277,982 | +€248,149 | +12.2% |
| Amounts receivable after more than one year | 29 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Other amounts receivable | 291 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Amounts receivable within one year | 40/41 | - | €96,902 | +€96,902 | |
| Other amounts receivable | 41 | - | €96,902 | +€96,902 | |
| Current investments | 50/53 | €1,145,341 | €1,428,000 | +€282,660 | +24.7% |
| Cash at bank and in hand | 54/58 | €708,596 | €497,076 | -€211,520 | -29.9% |
| Deferred charges and accrued income | 490/1 | €25,897 | €156,004 | +€130,107 | +502% |
| Total equity and liabilities | 10/49 | €2,797,334 | €3,005,922 | +€208,588 | +7.5% |
| Equity | 10/15 | €2,596,539 | €2,844,638 | +€248,099 | +9.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,884,734 | €2,132,833 | +€248,099 | +13.2% |
| Distributable reserves | 133 | €1,884,734 | €2,132,833 | +€248,099 | +13.2% |
| Profit (loss) carried forward | 14 | €705,555 | €705,555 | = | 0.0% |
| Amounts payable | 17/49 | €200,795 | €161,283 | -€39,511 | -19.7% |
| Amounts payable after more than one year | 17 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Financial debts | 170/4 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Amounts payable within one year | 42/48 | €80,795 | €71,283 | -€9,511 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €7,105 | €7,754 | +€650 | +9.1% |
| Suppliers | 440/4 | €7,105 | €7,754 | +€650 | +9.1% |
| Taxes, remuneration and social security | 45 | €34,017 | €25,487 | -€8,530 | -25.1% |
| Taxes | 450/3 | €34,017 | €25,487 | -€8,530 | -25.1% |
| Other amounts payable | 47/48 | €9,673 | €8,043 | -€1,631 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,064 | €51,046 | +€37,982 | +291% |
| Other operating charges | 640/8 | €3,253 | €3,437 | +€184 | +5.6% |
| Gross operating margin | 9900 | €764,872 | €721,184 | -€43,687 | -5.7% |
| Operating profit (loss) | 9901 | €748,554 | €666,701 | -€81,853 | -10.9% |
| Financial income | 75/76B | €11,696 | €28,055 | +€16,359 | +140% |
| Recurring financial income | 75 | €11,696 | €28,055 | +€16,359 | +140% |
| Financial charges | 65/66B | €320 | €5,316 | +€4,995 | +1,559% |
| Recurring financial charges | 65 | €320 | €5,316 | +€4,995 | +1,559% |
| Profit (loss) for the period before taxes | 9903 | €759,929 | €689,441 | -€70,489 | -9.3% |
| Income taxes | 67/77 | €237,479 | €218,899 | -€18,579 | -7.8% |
| Profit (loss) for the period | 9904 | €522,451 | €470,541 | -€51,910 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €522,451 | €470,541 | -€51,910 | -9.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.