KONVERGO: 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.
KONVERGO
Largest movements
- Cash +€31,754
up €31,754 (+26.0%), from €121,923 to €153,677
mainly Provisions (+€40,033) and Other debts (+€39,607)
- Receivables within one year +€18,060
up €18,060 (+88.4%), from €20,427 to €38,487
of which Other amounts receivable: +€13,790
- Tangible fixed assets +€3,128
up €3,128 (+21.3%), from €14,680 to €17,808
of which Furniture and vehicles: +€4,286
- Provisions +€40,033
new in 2025: €40,033
- Other debts +€39,607
up €39,607 (+420%), from €9,426 to €49,033
- Profit (loss) carried forward -€31,889
no longer reported in 2025 (was €31,889)
- Tax, wage and social debts +€3,784
up €3,784 (+30.1%), from €12,567 to €16,350
- Reserves +€2,359
up €2,359 (+2.6%), from €89,694 to €92,053
- Financial charges +€58,329
up €58,329 (+2,708%), from €2,154 to €60,483
- Provisions +€40,033
new in 2025: €40,033
- Gross operating margin +€32,272
up €32,272 (+70.7%), from €45,669 to €77,941
- Taxes -€8,257
down €8,257 (-70.3%), from €11,753 to €3,496
- Depreciation +€1,736
up €1,736 (+126%), from €1,377 to €3,114
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 | €157,065 | €211,622 | +€54,557 | +34.7% |
| Fixed assets | 21/28 | €14,680 | €17,808 | +€3,128 | +21.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,680 | €17,808 | +€3,128 | +21.3% |
| Plant, machinery and equipment | 23 | €3,098 | €1,940 | -€1,158 | -37.4% |
| Furniture and vehicles | 24 | €11,582 | €15,868 | +€4,286 | +37.0% |
| Current assets | 29/58 | €142,385 | €193,814 | +€51,429 | +36.1% |
| Amounts receivable within one year | 40/41 | €20,427 | €38,487 | +€18,060 | +88.4% |
| Trade receivables | 40 | €15,961 | €20,231 | +€4,270 | +26.8% |
| Other amounts receivable | 41 | €4,466 | €18,256 | +€13,790 | +309% |
| Cash at bank and in hand | 54/58 | €121,923 | €153,677 | +€31,754 | +26.0% |
| Deferred charges and accrued income | 490/1 | €35 | €1,650 | +€1,615 | +4,581% |
| Total equity and liabilities | 10/49 | €157,065 | €211,622 | +€54,557 | +34.7% |
| Equity | 10/15 | €127,782 | €98,253 | -€29,530 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,694 | €92,053 | +€2,359 | +2.6% |
| Distributable reserves | 133 | €89,694 | €92,053 | +€2,359 | +2.6% |
| Profit (loss) carried forward | 14 | €31,889 | - | -€31,889 | |
| Provisions and deferred taxes | 16 | - | €40,033 | +€40,033 | |
| Provisions for liabilities and charges | 160/5 | - | €40,033 | +€40,033 | |
| Other liabilities and charges | 164/5 | - | €40,033 | +€40,033 | |
| Amounts payable | 17/49 | €29,283 | €73,337 | +€44,054 | +150% |
| Amounts payable within one year | 42/48 | €29,283 | €72,318 | +€43,035 | +147% |
| Trade debts | 44 | €7,290 | €6,934 | -€355 | -4.9% |
| Suppliers | 440/4 | €7,290 | €6,934 | -€355 | -4.9% |
| Taxes, remuneration and social security | 45 | €12,567 | €16,350 | +€3,784 | +30.1% |
| Taxes | 450/3 | €12,567 | €16,350 | +€3,784 | +30.1% |
| Other amounts payable | 47/48 | €9,426 | €49,033 | +€39,607 | +420% |
| Accrued charges and deferred income | 492/3 | - | €1,018 | +€1,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €3,114 | +€1,736 | +126% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,033 | +€40,033 | |
| Other operating charges | 640/8 | €626 | €345 | -€280 | -44.8% |
| Gross operating margin | 9900 | €45,669 | €77,941 | +€32,272 | +70.7% |
| Operating profit (loss) | 9901 | €43,666 | €34,449 | -€9,217 | -21.1% |
| Financial charges | 65/66B | €2,154 | €60,483 | +€58,329 | +2,708% |
| Recurring financial charges | 65 | €2,154 | €60,483 | +€58,329 | +2,708% |
| Profit (loss) for the period before taxes | 9903 | €41,512 | -€26,033 | -€67,546 | |
| Income taxes | 67/77 | €11,753 | €3,496 | -€8,257 | -70.3% |
| Profit (loss) for the period | 9904 | €29,759 | -€29,530 | -€59,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,759 | -€29,530 | -€59,289 |
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 15 October 2026 via checked.be.