Corvalus: 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.
Corvalus
Largest movements
- Cash +€4,657
up €4,657 (+6.3%), from €73,749 to €78,406
mainly Other debts (+€51,766) and Depreciation (+€3,241)
- Intangible fixed assets -€1,882
down €1,882 (-27.9%), from €6,747 to €4,865
- Tangible fixed assets -€1,360
down €1,360 (-63.7%), from €2,133 to €773
of which Furniture and vehicles: -€1,244
- Other debts +€51,766
up €51,766 (+1,888%), from €2,742 to €54,508
- Profit (loss) carried forward -€49,126
down €49,126 (-82.2%), from €59,753 to €10,626
- Gross operating margin +€11,814
up €11,814, from -€7,133 to €4,681
- Depreciation -€81
down €81 (-2.4%), from €3,323 to €3,241
- Financial charges +€74
up €74 (+78.4%), from €94 to €168
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 | €83,265 | €85,421 | +€2,156 | +2.6% |
| Fixed assets | 21/28 | €8,880 | €5,638 | -€3,241 | -36.5% |
| Intangible fixed assets | 21 | €6,747 | €4,865 | -€1,882 | -27.9% |
| Tangible fixed assets | 22/27 | €2,133 | €773 | -€1,360 | -63.7% |
| Plant, machinery and equipment | 23 | €491 | €376 | -€115 | -23.5% |
| Furniture and vehicles | 24 | €1,642 | €398 | -€1,244 | -75.8% |
| Current assets | 29/58 | €74,385 | €79,782 | +€5,397 | +7.3% |
| Amounts receivable within one year | 40/41 | €636 | €767 | +€131 | +20.6% |
| Other amounts receivable | 41 | €636 | €767 | +€131 | +20.6% |
| Cash at bank and in hand | 54/58 | €73,749 | €78,406 | +€4,657 | +6.3% |
| Deferred charges and accrued income | 490/1 | - | €609 | +€609 | |
| Total equity and liabilities | 10/49 | €83,265 | €85,421 | +€2,156 | +2.6% |
| Equity | 10/15 | €79,846 | €30,720 | -€49,126 | -61.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,493 | €1,493 | = | 0.0% |
| Distributable reserves | 133 | €1,493 | €1,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,753 | €10,626 | -€49,126 | -82.2% |
| Amounts payable | 17/49 | €3,419 | €54,701 | +€51,282 | +1,500% |
| Amounts payable within one year | 42/48 | €2,966 | €54,635 | +€51,669 | +1,742% |
| Trade debts | 44 | €223 | €124 | -€99 | -44.5% |
| Suppliers | 440/4 | €223 | €124 | -€99 | -44.5% |
| Taxes, remuneration and social security | 45 | - | €3 | +€3 | |
| Taxes | 450/3 | - | €3 | +€3 | |
| Other amounts payable | 47/48 | €2,742 | €54,508 | +€51,766 | +1,888% |
| Accrued charges and deferred income | 492/3 | €453 | €66 | -€387 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,323 | €3,241 | -€81 | -2.4% |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | -€7,133 | €4,681 | +€11,814 | |
| Operating profit (loss) | 9901 | -€10,843 | €1,031 | +€11,874 | |
| Financial income | 75/76B | €20 | €10 | -€10 | -48.6% |
| Recurring financial income | 75 | €20 | €10 | -€10 | -48.6% |
| Financial charges | 65/66B | €94 | €168 | +€74 | +78.4% |
| Recurring financial charges | 65 | €94 | €168 | +€74 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,916 | €874 | +€11,790 | |
| Profit (loss) for the period | 9904 | -€10,916 | €874 | +€11,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,916 | €874 | +€11,790 |
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 14 October 2026 via checked.be.