KONVERT HR: what changed
What changed
KONVERT HR
NACE 78.200, Temporary employment agencies and other provision of personnel
filed annual accounts (NBB)
Net result for the year
€223,384
2024 · -€3.9m+€4.1m
Equity
€3.4m
2024 · €3.2m+€223,384
Cash
€2.4m
2024 · €4.1m-€1.7m
Balance sheet total
€38.3m
2024 · €34.1m+€4.2m
Largest movements
Assets
- Receivables within one year +€5.1m
up €5.1m (+19.3%), from €26.3m to €31.4m
of which Trade receivables: +€5.1m
- Cash -€1.7m
down €1.7m (-41.4%), from €4.1m to €2.4m
mainly Receivables within one year (-€5.1m) and Trade debts (-€1.7m)
- Intangible fixed assets +€647,956
up €647,956 (+40.8%), from €1.6m to €2.2m
- Formation expenses +€386,444
new in 2025: €386,444
Equity and liabilities
- Short-term financial debts +€2.4m
up €2.4m (+45.6%), from €5.2m to €7.5m
- Trade debts -€1.7m
down €1.7m (-26.6%), from €6.3m to €4.6m
- Debts after one year +€1.6m
up €1.6m (+360,919%), from €446 to €1.6m
of which Financial debts: +€1.6m
- Tax, wage and social debts +€1.2m
up €1.2m (+6.0%), from €19.3m to €20.4m
of which Remuneration and social security: +€1.1m
- Current portion of long-term debt +€449,430
new in 2025: €449,430
Income statement
- Turnover +€36.7m
up €36.7m (+22.9%), from €160.5m to €197.2m
- Staff costs +€32.1m
up €32.1m (+22.3%), from €144.3m to €176.4m
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
-€3.9m
Turnover
+€36.7m
Other operating income
+€444,243
Goods and materials
-€683,738
Services and other goods
-€1.3m
Staff costs
-€32.1m
Depreciation
-€462,904
Write-downs
-€20,175
Other operating charges
+€65,436
Other operating items
+€1.8m
Financial income
-€190,309
Financial charges
+€95,402
Taxes
-€270,685
Result 2025
€223,384
raises the resultlowers the resultnot broken down further in the accounts
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
-€4.4m
Investment
-€1.7m
Financing
+€4.4m
Cash 2024
€4.1m
From operations (derived)
-€4.4m
Net result for the year
+€223,384
Depreciation
+€934,530
Receivables within one year
-€5.1m
Deferred charges and accrued income
-€82,966
Trade debts
-€1.7m
Tax, wage and social debts
+€1.2m
Accrued charges and deferred income
+€76,591
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€4.4m
Debts after one year
+€1.6m
Current portion of long-term debt
+€449,430
Short-term financial debts
+€2.4m
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,085,852 | €38,294,355 | +€4.2m | +12.3% |
| Formation expenses | 20 | - | €386,444 | +€386,444 | |
| Fixed assets | 21/28 | €3,112,130 | €3,455,941 | +€343,810 | +11.0% |
| Intangible fixed assets | 21 | €1,588,869 | €2,236,825 | +€647,956 | +40.8% |
| Tangible fixed assets | 22/27 | €1,514,160 | €1,208,610 | -€305,550 | -20.2% |
| Furniture and vehicles | 24 | €708,979 | €459,343 | -€249,636 | -35.2% |
| Other tangible fixed assets | 26 | €805,181 | €749,267 | -€55,913 | -6.9% |
| Financial fixed assets | 28 | €9,101 | €10,505 | +€1,404 | +15.4% |
| Other financial fixed assets | 284/8 | €9,101 | €10,505 | +€1,404 | +15.4% |
| Amounts receivable and cash guarantees | 285/8 | €9,101 | €10,505 | +€1,404 | +15.4% |
| Current assets | 29/58 | €30,973,722 | €34,451,970 | +€3.5m | +11.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €26,299,702 | €31,384,444 | +€5.1m | +19.3% |
| Trade receivables | 40 | €26,104,051 | €31,248,793 | +€5.1m | +19.7% |
| Other amounts receivable | 41 | €195,651 | €135,651 | -€60,000 | -30.7% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,076,645 | €2,387,186 | -€1.7m | -41.4% |
| Deferred charges and accrued income | 490/1 | €597,375 | €680,340 | +€82,966 | +13.9% |
| Total equity and liabilities | 10/49 | €34,085,852 | €38,294,355 | +€4.2m | +12.3% |
| Equity | 10/15 | €3,178,491 | €3,401,875 | +€223,384 | +7.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,116,991 | €3,340,375 | +€223,384 | +7.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €245,614 | €245,614 | = | 0.0% |
| Distributable reserves | 133 | €2,865,227 | €3,088,612 | +€223,384 | +7.8% |
| Amounts payable | 17/49 | €30,907,361 | €34,892,480 | +€4.0m | +12.9% |
| Amounts payable after more than one year | 17 | €446 | €1,610,905 | +€1.6m | +360,919% |
| Financial debts | 170/4 | - | €1,610,459 | +€1.6m | |
| Other loans | 174 | - | €1,610,459 | +€1.6m | |
| Other amounts payable | 178/9 | €446 | €446 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,719,550 | €33,017,619 | +€2.3m | +7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €449,430 | +€449,430 | |
| Financial debts | 43 | €5,171,592 | €7,530,823 | +€2.4m | +45.6% |
| Credit institutions | 430/8 | €5,171,592 | €7,530,823 | +€2.4m | +45.6% |
| Trade debts | 44 | €6,265,059 | €4,598,022 | -€1.7m | -26.6% |
| Suppliers | 440/4 | €6,265,059 | €4,598,022 | -€1.7m | -26.6% |
| Taxes, remuneration and social security | 45 | €19,282,899 | €20,439,344 | +€1.2m | +6.0% |
| Taxes | 450/3 | €3,562,839 | €3,621,220 | +€58,381 | +1.6% |
| Remuneration and social security | 454/9 | €15,720,060 | €16,818,124 | +€1.1m | +7.0% |
| Accrued charges and deferred income | 492/3 | €187,365 | €263,956 | +€76,591 | +40.9% |
| Operating income | 70/76A | €161,439,869 | €199,134,727 | +€37.7m | +23.3% |
| Turnover | 70 | €160,489,576 | €197,184,738 | +€36.7m | +22.9% |
| Other operating income | 74 | €859,413 | €1,303,656 | +€444,243 | +51.7% |
| Non-recurring operating income | 76A | €90,880 | €646,333 | +€555,453 | +611% |
| Operating charges | 60/66A | €165,131,210 | €198,386,335 | +€33.3m | +20.1% |
| Goods for resale, raw materials and consumables | 60 | €3,465,952 | €4,149,690 | +€683,738 | +19.7% |
| Purchases | 600/8 | €3,465,952 | €4,149,690 | +€683,738 | +19.7% |
| Services and other goods | 61 | €15,520,887 | €16,821,318 | +€1.3m | +8.4% |
| Remuneration, social security and pensions | 62 | €144,274,952 | €176,414,302 | +€32.1m | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,626 | €934,530 | +€462,904 | +98.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,608 | €15,567 | +€20,175 | |
| Other operating charges | 640/8 | €116,364 | €50,929 | -€65,436 | -56.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€480,000 | -€480,000 | |
| Non-recurring operating charges | 66A | €1,286,037 | €480,000 | -€806,037 | -62.7% |
| Operating profit (loss) | 9901 | -€3,691,341 | €748,392 | +€4.4m | |
| Financial income | 75/76B | €577,980 | €387,671 | -€190,309 | -32.9% |
| Recurring financial income | 75 | €577,980 | €387,671 | -€190,309 | -32.9% |
| Income from financial fixed assets | 750 | - | €307 | +€307 | |
| Income from current assets | 751 | €497,706 | €225,773 | -€271,933 | -54.6% |
| Other financial income | 752/9 | €80,274 | €161,591 | +€81,317 | +101% |
| Financial charges | 65/66B | €718,938 | €623,536 | -€95,402 | -13.3% |
| Recurring financial charges | 65 | €718,938 | €623,536 | -€95,402 | -13.3% |
| Debt charges | 650 | €683,728 | €572,425 | -€111,302 | -16.3% |
| Other financial charges | 652/9 | €35,210 | €51,111 | +€15,900 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,832,299 | €512,526 | +€4.3m | |
| Income taxes | 67/77 | €18,457 | €289,142 | +€270,685 | +1,467% |
| Taxes | 670/3 | €18,457 | €289,142 | +€270,685 | +1,467% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,850,757 | €223,384 | +€4.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,850,757 | €223,384 | +€4.1m |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.