CONVEY: 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.
CONVEY
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+300%), from €50,000 to €200,000
- Current investments +€150,000
new in 2026: €150,000
- Receivables within one year +€24,490
up €24,490 (+49.5%), from €49,456 to €73,946
of which Trade receivables: +€24,466
- Deferred charges and accrued income +€24,112
up €24,112 (+443%), from €5,448 to €29,560
- Cash -€17,582
down €17,582 (-4.5%), from €389,800 to €372,218
mainly Contributions, distributions and other (-€194,561) and Investment in fixed assets (net) (-€170,959)
- Reserves +€295,992
up €295,992 (+45.2%), from €655,097 to €951,090
- Other debts -€59,213
down €59,213 (-61.7%), from €96,003 to €36,790
- Debts after one year +€41,010
up €41,010 (+32.5%), from €126,157 to €167,167
- Tax, wage and social debts +€35,843
up €35,843 (+112%), from €31,959 to €67,802
- Financial income +€346,011
up €346,011 (+603%), from €57,415 to €403,426
- Taxes +€35,526
up €35,526 (+56.1%), from €63,324 to €98,850
- Gross operating margin +€14,925
up €14,925 (+7.2%), from €206,637 to €221,562
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,565 | €1,267,067 | +€321,502 | +34.0% |
| Fixed assets | 21/28 | €436,243 | €583,736 | +€147,493 | +33.8% |
| Tangible fixed assets | 22/27 | €386,243 | €383,736 | -€2,507 | -0.6% |
| Land and buildings | 22 | €373,795 | €382,312 | +€8,517 | +2.3% |
| Plant, machinery and equipment | 23 | €1,628 | €1,424 | -€204 | -12.5% |
| Furniture and vehicles | 24 | €10,820 | €0 | -€10,820 | -100% |
| Financial fixed assets | 28 | €50,000 | €200,000 | +€150,000 | +300% |
| Current assets | 29/58 | €509,322 | €683,331 | +€174,009 | +34.2% |
| Amounts receivable after more than one year | 29 | €52,500 | €52,500 | = | 0.0% |
| Other amounts receivable | 291 | €52,500 | €52,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,118 | €5,107 | -€7,011 | -57.9% |
| Stocks | 30/36 | €12,118 | €5,107 | -€7,011 | -57.9% |
| Amounts receivable within one year | 40/41 | €49,456 | €73,946 | +€24,490 | +49.5% |
| Trade receivables | 40 | €49,451 | €73,917 | +€24,466 | +49.5% |
| Other amounts receivable | 41 | €5 | €29 | +€24 | +515% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €389,800 | €372,218 | -€17,582 | -4.5% |
| Deferred charges and accrued income | 490/1 | €5,448 | €29,560 | +€24,112 | +443% |
| Total equity and liabilities | 10/49 | €945,565 | €1,267,067 | +€321,502 | +34.0% |
| Equity | 10/15 | €661,297 | €957,290 | +€295,992 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €655,097 | €951,090 | +€295,992 | +45.2% |
| Distributable reserves | 133 | €655,097 | €951,090 | +€295,992 | +45.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €284,268 | €309,777 | +€25,510 | +9.0% |
| Amounts payable after more than one year | 17 | €126,157 | €167,167 | +€41,010 | +32.5% |
| Financial debts | 170/4 | €126,157 | €167,167 | +€41,010 | +32.5% |
| Amounts payable within one year | 42/48 | €149,993 | €138,586 | -€11,407 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €17,338 | €27,544 | +€10,206 | +58.9% |
| Trade debts | 44 | €4,693 | €6,450 | +€1,757 | +37.4% |
| Suppliers | 440/4 | €4,693 | €6,450 | +€1,757 | +37.4% |
| Taxes, remuneration and social security | 45 | €31,959 | €67,802 | +€35,843 | +112% |
| Taxes | 450/3 | €31,959 | €67,802 | +€35,843 | +112% |
| Other amounts payable | 47/48 | €96,003 | €36,790 | -€59,213 | -61.7% |
| Accrued charges and deferred income | 492/3 | €8,118 | €4,025 | -€4,094 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,509 | €23,466 | +€1,957 | +9.1% |
| Other operating charges | 640/8 | €699 | €1,863 | +€1,164 | +167% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €206,637 | €221,562 | +€14,925 | +7.2% |
| Operating profit (loss) | 9901 | €184,429 | €196,233 | +€11,804 | +6.4% |
| Financial income | 75/76B | €57,415 | €403,426 | +€346,011 | +603% |
| Recurring financial income | 75 | €57,415 | €403,426 | +€346,011 | +603% |
| Financial charges | 65/66B | €10,882 | €10,256 | -€626 | -5.8% |
| Recurring financial charges | 65 | €10,882 | €10,256 | -€626 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €230,962 | €589,403 | +€358,441 | +155% |
| Income taxes | 67/77 | €63,324 | €98,850 | +€35,526 | +56.1% |
| Profit (loss) for the period | 9904 | €167,639 | €490,553 | +€322,914 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €167,639 | €490,553 | +€322,914 | +193% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.