CORVELYN: 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.
CORVELYN
Largest movements
- Tangible fixed assets -€51,425
down €51,425 (-11.0%), from €466,338 to €414,913
of which Furniture and vehicles: -€26,185
- Cash +€24,936
up €24,936 (+3.7%), from €675,632 to €700,568
mainly Depreciation (+€66,034) and Net result for the year (+€34,585)
- Other debts -€36,000
down €36,000 (-51.4%), from €70,000 to €34,000
- Tax, wage and social debts +€18,690
up €18,690 (+909%), from €2,056 to €20,746
of which Remuneration and social security: +€17,494
- Gross operating margin -€112,398
down €112,398 (-48.1%), from €233,658 to €121,260
- Write-downs -€75,000
down €75,000 (-100%), from €75,000 to €0
- Depreciation +€12,058
up €12,058 (+22.3%), from €53,976 to €66,034
- Taxes -€8,320
down €8,320 (-42.3%), from €19,656 to €11,335
- Financial income +€3,777
up €3,777 (+69.1%), from €5,466 to €9,243
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 | €1,520,305 | €1,500,314 | -€19,991 | -1.3% |
| Fixed assets | 21/28 | €466,668 | €414,913 | -€51,755 | -11.1% |
| Intangible fixed assets | 21 | €330 | €0 | -€330 | -100% |
| Tangible fixed assets | 22/27 | €466,338 | €414,913 | -€51,425 | -11.0% |
| Land and buildings | 22 | €340,346 | €317,758 | -€22,588 | -6.6% |
| Plant, machinery and equipment | 23 | €9,016 | €6,365 | -€2,652 | -29.4% |
| Furniture and vehicles | 24 | €116,976 | €90,790 | -€26,185 | -22.4% |
| Current assets | 29/58 | €1,053,638 | €1,085,402 | +€31,764 | +3.0% |
| Stocks and contracts in progress | 3 | €322,633 | €330,883 | +€8,250 | +2.6% |
| Stocks | 30/36 | €322,633 | €330,883 | +€8,250 | +2.6% |
| Amounts receivable within one year | 40/41 | €52,457 | €51,671 | -€787 | -1.5% |
| Trade receivables | 40 | €5,425 | €2,753 | -€2,672 | -49.3% |
| Other amounts receivable | 41 | €47,032 | €48,918 | +€1,886 | +4.0% |
| Cash at bank and in hand | 54/58 | €675,632 | €700,568 | +€24,936 | +3.7% |
| Deferred charges and accrued income | 490/1 | €2,915 | €2,280 | -€636 | -21.8% |
| Total equity and liabilities | 10/49 | €1,520,305 | €1,500,314 | -€19,991 | -1.3% |
| Equity | 10/15 | €1,427,379 | €1,427,964 | +€585 | 0.0% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Contributions outside capital | 11 | €68,200 | €68,200 | = | 0.0% |
| Other | 1109/19 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €1,359,179 | €1,359,764 | +€585 | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €1,352,362 | €1,352,947 | +€585 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,926 | €72,350 | -€20,576 | -22.1% |
| Amounts payable within one year | 42/48 | €92,900 | €72,075 | -€20,825 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,909 | +€2,909 | |
| Trade debts | 44 | €20,844 | €14,421 | -€6,423 | -30.8% |
| Suppliers | 440/4 | €20,844 | €14,421 | -€6,423 | -30.8% |
| Taxes, remuneration and social security | 45 | €2,056 | €20,746 | +€18,690 | +909% |
| Taxes | 450/3 | €2,056 | €3,252 | +€1,195 | +58.1% |
| Remuneration and social security | 454/9 | - | €17,494 | +€17,494 | |
| Other amounts payable | 47/48 | €70,000 | €34,000 | -€36,000 | -51.4% |
| Accrued charges and deferred income | 492/3 | €26 | €275 | +€249 | +963% |
| Non-recurring operating income | 76A | €21,500 | €0 | -€21,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,976 | €66,034 | +€12,058 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | €0 | -€75,000 | -100% |
| Other operating charges | 640/8 | €18,501 | €18,322 | -€179 | -1.0% |
| Gross operating margin | 9900 | €233,658 | €121,260 | -€112,398 | -48.1% |
| Operating profit (loss) | 9901 | €86,181 | €36,904 | -€49,277 | -57.2% |
| Financial income | 75/76B | €5,466 | €9,243 | +€3,777 | +69.1% |
| Recurring financial income | 75 | €5,466 | €9,243 | +€3,777 | +69.1% |
| Financial charges | 65/66B | €656 | €227 | -€430 | -65.4% |
| Recurring financial charges | 65 | €656 | €227 | -€430 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €90,991 | €45,920 | -€45,071 | -49.5% |
| Income taxes | 67/77 | €19,656 | €11,335 | -€8,320 | -42.3% |
| Profit (loss) for the period | 9904 | €71,336 | €34,585 | -€36,751 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,336 | €34,585 | -€36,751 | -51.5% |
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.