iConvert: 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.
iConvert
Largest movements
- Receivables within one year +€17,869
up €17,869 (+29.7%), from €60,131 to €78,000
of which Trade receivables: +€22,772
- Tangible fixed assets -€6,563
down €6,563 (-19.4%), from €33,801 to €27,237
of which Land and buildings: -€3,512
- Cash -€6,482
down €6,482 (-7.0%), from €92,040 to €85,558
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€17,869)
- Tax, wage and social debts +€17,447
up €17,447 (+88.8%), from €19,645 to €37,092
- Other debts -€15,373
down €15,373 (-27.3%), from €56,327 to €40,955
- Reserves +€3,254
up €3,254 (+3.8%), from €86,234 to €89,488
- Gross operating margin +€92,516
up €92,516 (+146%), from €63,372 to €155,888
- Taxes +€44,662
up €44,662 (+442%), from €10,097 to €54,758
- Depreciation -€11,725
down €11,725 (-64.1%), from €18,288 to €6,563
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 | €189,606 | €195,331 | +€5,725 | +3.0% |
| Fixed assets | 21/28 | €33,801 | €27,237 | -€6,563 | -19.4% |
| Tangible fixed assets | 22/27 | €33,801 | €27,237 | -€6,563 | -19.4% |
| Land and buildings | 22 | €26,074 | €22,562 | -€3,512 | -13.5% |
| Plant, machinery and equipment | 23 | €1,308 | €580 | -€727 | -55.6% |
| Furniture and vehicles | 24 | €6,419 | €4,095 | -€2,324 | -36.2% |
| Current assets | 29/58 | €155,805 | €168,094 | +€12,289 | +7.9% |
| Amounts receivable within one year | 40/41 | €60,131 | €78,000 | +€17,869 | +29.7% |
| Trade receivables | 40 | €40,228 | €63,000 | +€22,772 | +56.6% |
| Other amounts receivable | 41 | €19,903 | €15,000 | -€4,903 | -24.6% |
| Cash at bank and in hand | 54/58 | €92,040 | €85,558 | -€6,482 | -7.0% |
| Deferred charges and accrued income | 490/1 | €3,634 | €4,535 | +€902 | +24.8% |
| Total equity and liabilities | 10/49 | €189,606 | €195,331 | +€5,725 | +3.0% |
| Equity | 10/15 | €104,834 | €108,088 | +€3,254 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,234 | €89,488 | +€3,254 | +3.8% |
| Distributable reserves | 133 | €86,234 | €89,488 | +€3,254 | +3.8% |
| Amounts payable | 17/49 | €84,772 | €87,243 | +€2,471 | +2.9% |
| Amounts payable within one year | 42/48 | €84,772 | €87,243 | +€2,471 | +2.9% |
| Trade debts | 44 | €8,800 | €9,197 | +€397 | +4.5% |
| Suppliers | 440/4 | €8,800 | €9,197 | +€397 | +4.5% |
| Taxes, remuneration and social security | 45 | €19,645 | €37,092 | +€17,447 | +88.8% |
| Taxes | 450/3 | €19,645 | €37,092 | +€17,447 | +88.8% |
| Other amounts payable | 47/48 | €56,327 | €40,955 | -€15,373 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,288 | €6,563 | -€11,725 | -64.1% |
| Other operating charges | 640/8 | €505 | €511 | +€6 | +1.2% |
| Gross operating margin | 9900 | €63,372 | €155,888 | +€92,516 | +146% |
| Operating profit (loss) | 9901 | €44,578 | €148,813 | +€104,235 | +234% |
| Financial income | 75/76B | €1,082 | €518 | -€564 | -52.1% |
| Recurring financial income | 75 | €1,082 | €518 | -€564 | -52.1% |
| Financial charges | 65/66B | €466 | €1,319 | +€854 | +183% |
| Recurring financial charges | 65 | €466 | €1,319 | +€854 | +183% |
| Profit (loss) for the period before taxes | 9903 | €45,195 | €148,012 | +€102,818 | +227% |
| Income taxes | 67/77 | €10,097 | €54,758 | +€44,662 | +442% |
| Profit (loss) for the period | 9904 | €35,098 | €93,254 | +€58,156 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €35,098 | €93,254 | +€58,156 | +166% |
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 14 October 2026 via checked.be.