CORVENTS: 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.
CORVENTS
Largest movements
- Tangible fixed assets +€364,615
up €364,615 (+343%), from €106,310 to €470,925
of which Land and buildings: +€368,345
- Receivables within one year +€14,820
up €14,820 (+237%), from €6,262 to €21,083
of which Other amounts receivable: +€13,820
- Receivables after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Debts after one year +€443,321
up €443,321 (+712%), from €62,223 to €505,544
- Other debts -€137,693
down €137,693 (-99.7%), from €138,043 to €349
- Current portion of long-term debt +€26,812
up €26,812 (+91.8%), from €29,210 to €56,022
- Trade debts +€22,881
up €22,881 (+125%), from €18,293 to €41,174
- Reserves +€22,180
up €22,180 (+43.5%), from €51,039 to €73,219
- Other operating charges +€60,983
up €60,983 (+2,865%), from €2,129 to €63,112
- Gross operating margin +€28,975
up €28,975 (+13.3%), from €218,543 to €247,518
- Taxes -€8,957
down €8,957 (-50.6%), from €17,712 to €8,754
- Staff costs -€6,425
down €6,425 (-5.4%), from €118,842 to €112,417
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 | €365,903 | €727,956 | +€362,053 | +98.9% |
| Fixed assets | 21/28 | €141,928 | €502,043 | +€360,115 | +254% |
| Intangible fixed assets | 21 | €35,618 | €31,118 | -€4,500 | -12.6% |
| Tangible fixed assets | 22/27 | €106,310 | €470,925 | +€364,615 | +343% |
| Land and buildings | 22 | €3,025 | €371,370 | +€368,345 | +12,175% |
| Plant, machinery and equipment | 23 | €22,520 | €17,352 | -€5,168 | -22.9% |
| Furniture and vehicles | 24 | €22,222 | €32,998 | +€10,775 | +48.5% |
| Leasing and similar rights | 25 | €28,944 | €19,654 | -€9,290 | -32.1% |
| Other tangible fixed assets | 26 | €29,599 | €29,551 | -€48 | -0.2% |
| Current assets | 29/58 | €223,975 | €225,913 | +€1,938 | +0.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100% |
| Stocks and contracts in progress | 3 | €65,361 | €66,150 | +€789 | +1.2% |
| Stocks | 30/36 | €65,361 | €66,150 | +€789 | +1.2% |
| Amounts receivable within one year | 40/41 | €6,262 | €21,083 | +€14,820 | +237% |
| Trade receivables | 40 | €5,593 | €6,593 | +€1,000 | +17.9% |
| Other amounts receivable | 41 | €669 | €14,489 | +€13,820 | +2,065% |
| Cash at bank and in hand | 54/58 | €141,551 | €138,680 | -€2,871 | -2.0% |
| Deferred charges and accrued income | 490/1 | €801 | €0 | -€801 | -100% |
| Total equity and liabilities | 10/49 | €365,903 | €727,956 | +€362,053 | +98.9% |
| Equity | 10/15 | €52,539 | €74,719 | +€22,180 | +42.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,039 | €73,219 | +€22,180 | +43.5% |
| Distributable reserves | 133 | €51,039 | €73,219 | +€22,180 | +43.5% |
| Amounts payable | 17/49 | €313,364 | €653,237 | +€339,872 | +108% |
| Amounts payable after more than one year | 17 | €62,223 | €505,544 | +€443,321 | +712% |
| Financial debts | 170/4 | €62,223 | €505,544 | +€443,321 | +712% |
| Amounts payable within one year | 42/48 | €250,993 | €144,405 | -€106,588 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €29,210 | €56,022 | +€26,812 | +91.8% |
| Trade debts | 44 | €18,293 | €41,174 | +€22,881 | +125% |
| Suppliers | 440/4 | €18,293 | €41,174 | +€22,881 | +125% |
| Taxes, remuneration and social security | 45 | €65,447 | €46,859 | -€18,588 | -28.4% |
| Taxes | 450/3 | €55,590 | €36,413 | -€19,177 | -34.5% |
| Remuneration and social security | 454/9 | €9,857 | €10,446 | +€589 | +6.0% |
| Other amounts payable | 47/48 | €138,043 | €349 | -€137,693 | -99.7% |
| Accrued charges and deferred income | 492/3 | €149 | €3,288 | +€3,139 | +2,111% |
| Remuneration, social security and pensions | 62 | €118,842 | €112,417 | -€6,425 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,111 | €33,648 | +€537 | +1.6% |
| Other operating charges | 640/8 | €2,129 | €63,112 | +€60,983 | +2,865% |
| Gross operating margin | 9900 | €218,543 | €247,518 | +€28,975 | +13.3% |
| Operating profit (loss) | 9901 | €64,461 | €38,342 | -€26,119 | -40.5% |
| Financial income | 75/76B | €1,438 | €310 | -€1,128 | -78.4% |
| Recurring financial income | 75 | €1,438 | €310 | -€1,128 | -78.4% |
| Financial charges | 65/66B | €5,379 | €7,717 | +€2,338 | +43.5% |
| Recurring financial charges | 65 | €5,379 | €7,717 | +€2,338 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €60,520 | €30,935 | -€29,586 | -48.9% |
| Income taxes | 67/77 | €17,712 | €8,754 | -€8,957 | -50.6% |
| Profit (loss) for the period | 9904 | €42,809 | €22,180 | -€20,629 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,809 | €22,180 | -€20,629 | -48.2% |
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 17 October 2026 via checked.be.