CONVERMO: 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.
CONVERMO
Largest movements
- Receivables within one year +€16,546
up €16,546 (+3.8%), from €433,420 to €449,966
of which Other amounts receivable: +€52,104
- Tangible fixed assets +€12,350
up €12,350 (+7.2%), from €172,019 to €184,369
of which Furniture and vehicles: +€21,162
- Deferred charges and accrued income -€8,805
down €8,805 (-64.4%), from €13,672 to €4,867
- Cash +€7,243
new in 2025: €7,243
mainly Other debts (+€109,957) and Tax, wage and social debts (+€39,722)
- Accrued charges and deferred income -€113,011
no longer reported in 2025 (was €113,011)
- Other debts +€109,957
new in 2025: €109,957
- Tax, wage and social debts +€39,722
up €39,722 (+456%), from €8,708 to €48,430
of which Taxes: +€41,204
- Trade debts -€34,381
down €34,381 (-46.4%), from €74,052 to €39,670
- Profit (loss) carried forward +€25,048
up €25,048, from -€10,158 to €14,890
- Gross operating margin +€97,424
up €97,424 (+172%), from €56,789 to €154,213
- Staff costs +€48,925
up €48,925 (+123%), from €39,883 to €88,808
- Other operating charges +€18,101
up €18,101 (+409%), from €4,423 to €22,524
- Financial income +€12,818
up €12,818 (+92.1%), from €13,911 to €26,729
- Taxes +€7,122
new in 2025: €7,122
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 | €619,112 | €646,446 | +€27,334 | +4.4% |
| Fixed assets | 21/28 | €172,019 | €184,369 | +€12,350 | +7.2% |
| Tangible fixed assets | 22/27 | €172,019 | €184,369 | +€12,350 | +7.2% |
| Land and buildings | 22 | €166,226 | €158,365 | -€7,861 | -4.7% |
| Plant, machinery and equipment | 23 | €4,194 | €3,242 | -€952 | -22.7% |
| Furniture and vehicles | 24 | €1,600 | €22,762 | +€21,162 | +1,323% |
| Current assets | 29/58 | €447,092 | €462,077 | +€14,984 | +3.4% |
| Amounts receivable within one year | 40/41 | €433,420 | €449,966 | +€16,546 | +3.8% |
| Trade receivables | 40 | €82,730 | €47,172 | -€35,558 | -43.0% |
| Other amounts receivable | 41 | €350,690 | €402,794 | +€52,104 | +14.9% |
| Cash at bank and in hand | 54/58 | - | €7,243 | +€7,243 | |
| Deferred charges and accrued income | 490/1 | €13,672 | €4,867 | -€8,805 | -64.4% |
| Total equity and liabilities | 10/49 | €619,112 | €646,446 | +€27,334 | +4.4% |
| Equity | 10/15 | €118,341 | €143,389 | +€25,048 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,499 | €66,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €60,299 | €60,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,158 | €14,890 | +€25,048 | |
| Amounts payable | 17/49 | €500,771 | €503,056 | +€2,286 | +0.5% |
| Amounts payable within one year | 42/48 | €387,759 | €503,056 | +€115,297 | +29.7% |
| Financial debts | 43 | €305,000 | €305,000 | = | 0.0% |
| Credit institutions | 430/8 | €305,000 | €305,000 | = | 0.0% |
| Trade debts | 44 | €74,052 | €39,670 | -€34,381 | -46.4% |
| Suppliers | 440/4 | €74,052 | €39,670 | -€34,381 | -46.4% |
| Taxes, remuneration and social security | 45 | €8,708 | €48,430 | +€39,722 | +456% |
| Taxes | 450/3 | €3,875 | €45,079 | +€41,204 | +1,063% |
| Remuneration and social security | 454/9 | €4,833 | €3,351 | -€1,482 | -30.7% |
| Other amounts payable | 47/48 | - | €109,957 | +€109,957 | |
| Accrued charges and deferred income | 492/3 | €113,011 | - | -€113,011 | |
| Non-recurring operating income | 76A | - | €95,950 | +€95,950 | |
| Remuneration, social security and pensions | 62 | €39,883 | €88,808 | +€48,925 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,505 | €11,459 | -€2,046 | -15.2% |
| Other operating charges | 640/8 | €4,423 | €22,524 | +€18,101 | +409% |
| Non-recurring operating charges | 66A | €2,910 | €0 | -€2,910 | -100% |
| Gross operating margin | 9900 | €56,789 | €154,213 | +€97,424 | +172% |
| Operating profit (loss) | 9901 | -€3,934 | €31,422 | +€35,355 | |
| Financial income | 75/76B | €13,911 | €26,729 | +€12,818 | +92.1% |
| Recurring financial income | 75 | €13,911 | €26,729 | +€12,818 | +92.1% |
| Financial charges | 65/66B | €27,855 | €25,980 | -€1,875 | -6.7% |
| Recurring financial charges | 65 | €27,855 | €25,980 | -€1,875 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,878 | €32,170 | +€50,048 | |
| Income taxes | 67/77 | - | €7,122 | +€7,122 | |
| Profit (loss) for the period | 9904 | -€17,878 | €25,048 | +€42,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,878 | €25,048 | +€42,926 |
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 26 October 2026 via checked.be.