CORVAN: what changed
Two fiscal 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.
CORVAN
Largest movements
- Tangible fixed assets +€383,476
up €383,476 (+171.9%), from €223,075 to €606,550
of which Land and buildings: +€397,864
- Receivables within one year -€90,329
down €90,329 (-19.9%), from €453,964 to €363,635
of which Trade receivables: -€116,000
- Debts after one year +€343,543
up €343,543 (+547.9%), from €62,697 to €406,241
- Trade debts -€98,124
down €98,124 (-46.5%), from €211,080 to €112,955
- Accrued charges and deferred income +€71,935
up €71,935 (+566.1%), from €12,708 to €84,642
- Other debts -€66,445
down €66,445 (-82.4%), from €80,662 to €14,217
- Contributions +€32,015
up €32,015 (+103.3%), from €30,987 to €63,001
- Other operating charges +€30,936
up €30,936 (+498.3%), from €6,208 to €37,144
- Taxes -€9,696
down €9,696 (-42.0%), from €23,093 to €13,398
- Depreciation +€7,648
up €7,648 (+20.8%), from €36,773 to €44,421
- Gross operating margin +€6,408
up €6,408 (+4.7%), from €135,441 to €141,849
- Financial charges -€6,205
down €6,205 (-20.3%), from €30,575 to €24,371
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,098 | €1,026,515 | +€296,418 | +40.6% |
| Fixed assets | 21/28 | €273,075 | €656,550 | +€383,476 | +140.4% |
| Tangible fixed assets | 22/27 | €223,075 | €606,550 | +€383,476 | +171.9% |
| Land and buildings | 22 | €17,017 | €414,881 | +€397,864 | +2338.0% |
| Plant, machinery and equipment | 23 | €6,581 | €4,248 | -€2,333 | -35.4% |
| Furniture and vehicles | 24 | €22,897 | €35,938 | +€13,041 | +57.0% |
| Other tangible fixed assets | 26 | €176,580 | €151,484 | -€25,096 | -14.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €457,023 | €369,965 | -€87,058 | -19.0% |
| Amounts receivable within one year | 40/41 | €453,964 | €363,635 | -€90,329 | -19.9% |
| Trade receivables | 40 | €116,000 | €0 | -€116,000 | -100.0% |
| Other amounts receivable | 41 | €337,964 | €363,635 | +€25,671 | +7.6% |
| Cash at bank and in hand | 54/58 | €0 | €3,723 | +€3,723 | |
| Deferred charges and accrued income | 490/1 | €3,060 | €2,607 | -€452 | -14.8% |
| Total equity and liabilities | 10/49 | €730,098 | €1,026,515 | +€296,418 | +40.6% |
| Equity | 10/15 | €251,428 | €307,440 | +€56,012 | +22.3% |
| Contributions | 10/11 | €30,987 | €63,001 | +€32,015 | +103.3% |
| Capital | 10 | €30,987 | €63,001 | +€32,015 | +103.3% |
| Issued capital | 100 | €30,987 | €63,001 | +€32,015 | +103.3% |
| Reserves | 13 | €220,441 | €244,439 | +€23,997 | +10.9% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,727 | €11,727 | = | 0.0% |
| Distributable reserves | 133 | €205,615 | €229,613 | +€23,997 | +11.7% |
| Amounts payable | 17/49 | €478,670 | €719,076 | +€240,406 | +50.2% |
| Amounts payable after more than one year | 17 | €62,697 | €406,241 | +€343,543 | +547.9% |
| Financial debts | 170/4 | €62,697 | €406,241 | +€343,543 | +547.9% |
| Amounts payable within one year | 42/48 | €403,265 | €228,193 | -€175,072 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €33,765 | €50,313 | +€16,548 | +49.0% |
| Financial debts | 43 | €12,523 | €4,221 | -€8,302 | -66.3% |
| Credit institutions | 430/8 | €12,523 | €4,221 | -€8,302 | -66.3% |
| Trade debts | 44 | €211,080 | €112,955 | -€98,124 | -46.5% |
| Suppliers | 440/4 | €211,080 | €112,955 | -€98,124 | -46.5% |
| Taxes, remuneration and social security | 45 | €65,236 | €46,486 | -€18,750 | -28.7% |
| Taxes | 450/3 | €65,236 | €46,486 | -€18,750 | -28.7% |
| Other amounts payable | 47/48 | €80,662 | €14,217 | -€66,445 | -82.4% |
| Accrued charges and deferred income | 492/3 | €12,708 | €84,642 | +€71,935 | +566.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,773 | €44,421 | +€7,648 | +20.8% |
| Other operating charges | 640/8 | €6,208 | €37,144 | +€30,936 | +498.3% |
| Gross operating margin | 9900 | €135,441 | €141,849 | +€6,408 | +4.7% |
| Operating profit (loss) | 9901 | €92,460 | €60,283 | -€32,177 | -34.8% |
| Financial income | 75/76B | €3,595 | €1,482 | -€2,113 | -58.8% |
| Recurring financial income | 75 | €3,595 | €1,482 | -€2,113 | -58.8% |
| Financial charges | 65/66B | €30,575 | €24,371 | -€6,205 | -20.3% |
| Recurring financial charges | 65 | €30,575 | €24,371 | -€6,205 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €65,480 | €37,395 | -€28,085 | -42.9% |
| Income taxes | 67/77 | €23,093 | €13,398 | -€9,696 | -42.0% |
| Profit (loss) for the period | 9904 | €42,387 | €23,997 | -€18,389 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,387 | €23,997 | -€18,389 | -43.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.