CORVAN: what changed
What changed
CORVAN
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€54,860
2024 · -€162,999+€217,860
Equity
€749,448
2024 · €744,588+€4,860
Cash
€524,889
2024 · €451,533+€73,356
Balance sheet total
€2.0m
2024 · €2.0m-€36,185
Largest movements
Assets
- Cash +€73,356
up €73,356 (+16.2%), from €451,533 to €524,889
mainly Depreciation (+€89,169) and Stocks and contracts (+€65,797)
- Stocks and contracts -€65,797
down €65,797 (-63.8%), from €103,089 to €37,292
of which Contracts in progress: -€65,797
- Tangible fixed assets -€51,981
down €51,981 (-4.0%), from €1.3m to €1.3m
of which Land and buildings: -€38,091
Equity and liabilities
- Accrued charges and deferred income -€65,544
down €65,544 (-82.5%), from €79,424 to €13,880
- Other debts +€50,000
up €50,000 (+545%), from €9,181 to €59,181
- Debts after one year -€38,822
down €38,822 (-3.8%), from €1.0m to €984,883
Income statement
- Gross operating margin +€198,465
up €198,465 (+65.9%), from €301,225 to €499,689
- Staff costs -€26,319
down €26,319 (-7.3%), from €358,412 to €332,093
- Other operating charges +€5,859
up €5,859 (+102%), from €5,736 to €11,595
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€162,999
Gross operating margin
+€198,465
Staff costs
+€26,319
Depreciation
-€2,120
Other operating charges
-€5,859
Financial income
+€156
Financial charges
+€606
Taxes
+€293
Result 2025
€54,860
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€192,808
Investment
-€37,188
Financing
-€82,264
Cash 2024
€451,533
From operations (derived)
+€192,808
Net result for the year
+€54,860
Depreciation
+€89,169
Stocks and contracts
+€65,797
Receivables within one year
-€8,238
Trade debts
-€10,013
Tax, wage and social debts
+€16,776
Other debts
+€50,000
Accrued charges and deferred income
-€65,544
Investment (derived)
-€37,188
Investment in fixed assets (net)
-€37,188
Financing
-€82,264
Debts after one year
-€38,822
Current portion of long-term debt
+€6,558
Contributions, distributions and other
-€50,000
Cash 2025
€524,889
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,024,909 | €1,988,724 | -€36,185 | -1.8% |
| Fixed assets | 21/28 | €1,302,999 | €1,251,018 | -€51,981 | -4.0% |
| Tangible fixed assets | 22/27 | €1,302,999 | €1,251,018 | -€51,981 | -4.0% |
| Land and buildings | 22 | €976,688 | €938,598 | -€38,091 | -3.9% |
| Plant, machinery and equipment | 23 | €294,987 | €258,978 | -€36,009 | -12.2% |
| Furniture and vehicles | 24 | €31,324 | €22,925 | -€8,399 | -26.8% |
| Leasing and similar rights | 25 | - | €30,517 | +€30,517 | |
| Current assets | 29/58 | €721,910 | €737,707 | +€15,797 | +2.2% |
| Stocks and contracts in progress | 3 | €103,089 | €37,292 | -€65,797 | -63.8% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €78,089 | €12,292 | -€65,797 | -84.3% |
| Amounts receivable within one year | 40/41 | €167,288 | €175,526 | +€8,238 | +4.9% |
| Trade receivables | 40 | €167,288 | €175,526 | +€8,238 | +4.9% |
| Cash at bank and in hand | 54/58 | €451,533 | €524,889 | +€73,356 | +16.2% |
| Total equity and liabilities | 10/49 | €2,024,909 | €1,988,724 | -€36,185 | -1.8% |
| Equity | 10/15 | €744,588 | €749,448 | +€4,860 | +0.7% |
| 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 | €548,700 | €548,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €495,000 | €495,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,888 | €138,748 | +€4,860 | +3.6% |
| Amounts payable | 17/49 | €1,280,322 | €1,239,276 | -€41,045 | -3.2% |
| Amounts payable after more than one year | 17 | €1,023,706 | €984,883 | -€38,822 | -3.8% |
| Financial debts | 170/4 | €1,023,706 | €984,883 | -€38,822 | -3.8% |
| Amounts payable within one year | 42/48 | €177,192 | €240,512 | +€63,321 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €62,496 | €69,054 | +€6,558 | +10.5% |
| Trade debts | 44 | €48,146 | €38,132 | -€10,013 | -20.8% |
| Suppliers | 440/4 | €48,146 | €38,132 | -€10,013 | -20.8% |
| Taxes, remuneration and social security | 45 | €57,369 | €74,145 | +€16,776 | +29.2% |
| Taxes | 450/3 | €5,003 | €15,441 | +€10,439 | +209% |
| Remuneration and social security | 454/9 | €52,366 | €58,703 | +€6,337 | +12.1% |
| Other amounts payable | 47/48 | €9,181 | €59,181 | +€50,000 | +545% |
| Accrued charges and deferred income | 492/3 | €79,424 | €13,880 | -€65,544 | -82.5% |
| Remuneration, social security and pensions | 62 | €358,412 | €332,093 | -€26,319 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,049 | €89,169 | +€2,120 | +2.4% |
| Other operating charges | 640/8 | €5,736 | €11,595 | +€5,859 | +102% |
| Gross operating margin | 9900 | €301,225 | €499,689 | +€198,465 | +65.9% |
| Operating profit (loss) | 9901 | -€149,973 | €66,832 | +€216,805 | |
| Financial income | 75/76B | €433 | €588 | +€156 | +36.0% |
| Recurring financial income | 75 | €433 | €588 | +€156 | +36.0% |
| Financial charges | 65/66B | €12,341 | €11,735 | -€606 | -4.9% |
| Recurring financial charges | 65 | €12,341 | €11,735 | -€606 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€161,882 | €55,685 | +€217,567 | |
| Income taxes | 67/77 | €1,118 | €824 | -€293 | -26.2% |
| Profit (loss) for the period | 9904 | -€162,999 | €54,860 | +€217,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€162,999 | €54,860 | +€217,860 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.