't CONVENT 2.0.: 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.
What changed
't CONVENT 2.0.
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€130,359
2024 · -€197,957+€67,598
Equity
-€179,931
2024 · -€49,572-€130,359
Cash
€87,981
2024 · €1,836+€86,145
Balance sheet total
€2.9m
2024 · €2.8m+€54,979
Largest movements
Assets
- Cash +€86,145
up €86,145 (+4,691%), from €1,836 to €87,981
mainly Other debts (+€259,650) and Depreciation (+€183,678)
Equity and liabilities
- Other debts +€259,650
up €259,650 (+13.5%), from €1.9m to €2.2m
- Profit (loss) carried forward -€130,359
down €130,359 (-12.1%), from -€1.1m to -€1.2m
- Debts after one year -€75,344
down €75,344 (-9.8%), from €766,118 to €690,774
Income statement
- Gross operating margin +€56,923
up €56,923 (+433%), from €13,141 to €70,064
- Depreciation -€9,585
down €9,585 (-5.0%), from €193,264 to €183,678
- Financial charges -€720
down €720 (-8.1%), from €8,919 to €8,199
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.
Result 2024
-€197,957
Gross operating margin
+€56,923
Depreciation
+€9,585
Other operating charges
-€123
Financial income
+€492
Financial charges
+€720
Result 2025
-€130,359
raises the resultlowers the result
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.
From operations
+€343,244
Investment
-€182,470
Financing
-€74,630
Cash 2024
€1,836
From operations (derived)
+€343,244
Net result for the year
-€130,359
Depreciation
+€183,678
Receivables within one year
+€28,558
Deferred charges and accrued income
+€1,400
Trade debts
+€16,976
Advances received
-€3,020
Other debts
+€259,650
Accrued charges and deferred income
-€13,638
Investment (derived)
-€182,470
Investment in fixed assets (net)
-€182,470
Financing
-€74,630
Debts after one year
-€75,344
Current portion of long-term debt
+€714
Cash 2025
€87,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,821,897 | €2,876,876 | +€54,979 | +1.9% |
| Formation expenses | 20 | €1,167 | €0 | -€1,167 | -100% |
| Fixed assets | 21/28 | €2,770,661 | €2,770,619 | -€42 | 0.0% |
| Intangible fixed assets | 21 | €6,071 | €4,849 | -€1,222 | -20.1% |
| Tangible fixed assets | 22/27 | €2,764,590 | €2,765,770 | +€1,180 | 0.0% |
| Land and buildings | 22 | €2,713,387 | €2,722,746 | +€9,360 | +0.3% |
| Plant, machinery and equipment | 23 | €37,147 | €33,596 | -€3,551 | -9.6% |
| Furniture and vehicles | 24 | €14,056 | €9,428 | -€4,629 | -32.9% |
| Current assets | 29/58 | €50,069 | €106,256 | +€56,187 | +112% |
| Amounts receivable within one year | 40/41 | €43,759 | €15,201 | -€28,558 | -65.3% |
| Trade receivables | 40 | €32,970 | €12,876 | -€20,094 | -60.9% |
| Other amounts receivable | 41 | €10,789 | €2,325 | -€8,463 | -78.4% |
| Cash at bank and in hand | 54/58 | €1,836 | €87,981 | +€86,145 | +4,691% |
| Deferred charges and accrued income | 490/1 | €4,474 | €3,075 | -€1,400 | -31.3% |
| Total equity and liabilities | 10/49 | €2,821,897 | €2,876,876 | +€54,979 | +1.9% |
| Equity | 10/15 | -€49,572 | -€179,931 | -€130,359 | -263% |
| Contributions | 10/11 | €1,028,000 | €1,028,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,077,572 | -€1,207,931 | -€130,359 | -12.1% |
| Amounts payable | 17/49 | €2,871,469 | €3,056,806 | +€185,338 | +6.5% |
| Amounts payable after more than one year | 17 | €766,118 | €690,774 | -€75,344 | -9.8% |
| Financial debts | 170/4 | €766,118 | €690,774 | -€75,344 | -9.8% |
| Amounts payable within one year | 42/48 | €2,091,713 | €2,366,032 | +€274,320 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €74,630 | €75,344 | +€714 | +1.0% |
| Trade debts | 44 | €22,019 | €38,995 | +€16,976 | +77.1% |
| Suppliers | 440/4 | €22,019 | €38,995 | +€16,976 | +77.1% |
| Advances received on contracts in progress | 46 | €66,485 | €63,465 | -€3,020 | -4.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,928,579 | €2,188,229 | +€259,650 | +13.5% |
| Accrued charges and deferred income | 492/3 | €13,638 | €0 | -€13,638 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,264 | €183,678 | -€9,585 | -5.0% |
| Other operating charges | 640/8 | €9,142 | €9,265 | +€123 | +1.3% |
| Gross operating margin | 9900 | €13,141 | €70,064 | +€56,923 | +433% |
| Operating profit (loss) | 9901 | -€189,264 | -€122,879 | +€66,386 | +35.1% |
| Financial income | 75/76B | €226 | €719 | +€492 | +218% |
| Recurring financial income | 75 | €226 | €719 | +€492 | +218% |
| Financial charges | 65/66B | €8,919 | €8,199 | -€720 | -8.1% |
| Recurring financial charges | 65 | €8,919 | €8,199 | -€720 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€197,957 | -€130,359 | +€67,598 | +34.1% |
| Profit (loss) for the period | 9904 | -€197,957 | -€130,359 | +€67,598 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€197,957 | -€130,359 | +€67,598 | +34.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.