CORVERS BIOFUELS: 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.
What changed
CORVERS BIOFUELS
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€955,771
2024 · €48,359-€1.0m
Equity
-€392,643
2024 · €63,128-€455,771
Cash
€60,574
2024 · €67,980-€7,405
Balance sheet total
€5.6m
2024 · €3.6m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+225.7%), from €760,393 to €2.5m
of which Land and buildings: +€1.8m
- Stocks and contracts +€164,848
up €164,848 (+9.3%), from €1.8m to €1.9m
- Formation expenses +€159,200
new in 2025: €159,200
- Receivables within one year -€72,727
down €72,727 (-10.7%), from €681,194 to €608,467
of which Trade receivables: -€107,097
Equity and liabilities
- Short-term financial debts +€1.8m
up €1.8m (+148.4%), from €1.2m to €3.0m
- Profit (loss) carried forward -€955,771
down €955,771 (-98.5%), from -€969,959 to -€1.9m
- Trade debts +€894,054
up €894,054 (+107.8%), from €829,429 to €1.7m
- Contributions +€500,000
up €500,000 (+48.5%), from €1.0m to €1.5m
- Debts after one year -€252,803
down €252,803 (-21.9%), from €1.2m to €902,270
Income statement
- Gross operating margin -€952,102
down €952,102, from €831,548 to -€120,554
- Depreciation +€49,986
up €49,986 (+19.8%), from €252,585 to €302,571
- Other operating charges +€32,089
up €32,089 (+94.6%), from €33,924 to €66,014
- Financial charges +€26,121
up €26,121 (+13.1%), from €198,916 to €225,037
- Staff costs -€23,400
down €23,400 (-8.3%), from €283,280 to €259,880
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.
Result 2024
€48,359
Gross operating margin
-€952,102
Staff costs
+€23,400
Depreciation
-€49,986
Write-downs
+€1,524
Other operating charges
-€32,089
Other operating items
+€26,660
Financial income
+€3,798
Financial charges
-€26,121
Taxes
+€787
Result 2025
-€955,771
Cash bridge derived
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.
From operations
+€127,931
Investment
-€2.2m
Financing
+€2.0m
Cash 2024
€67,980
From operations (derived)
+€127,931
Net result for the year
-€955,771
Depreciation
+€302,571
Stocks and contracts
-€164,848
Receivables within one year
+€72,727
Deferred charges and accrued income
+€1,123
Trade debts
+€894,054
Tax, wage and social debts
-€25,131
Other debts
+€20,411
Accrued charges and deferred income
-€17,206
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€2.0m
Debts after one year
-€252,803
Current portion of long-term debt
+€14,145
Short-term financial debts
+€1.8m
Contributions, distributions and other
+€500,000
Cash 2025
€60,574
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,604,113 | €5,562,459 | +€2.0m | +54.3% |
| Formation expenses | 20 | - | €159,200 | +€159,200 | |
| Fixed assets | 21/28 | €1,066,444 | €2,781,998 | +€1.7m | +160.9% |
| Intangible fixed assets | 21 | €305,781 | €304,903 | -€878 | -0.3% |
| Tangible fixed assets | 22/27 | €760,393 | €2,476,825 | +€1.7m | +225.7% |
| Land and buildings | 22 | €112,363 | €1,929,866 | +€1.8m | +1617.5% |
| Plant, machinery and equipment | 23 | €121,887 | €134,695 | +€12,808 | +10.5% |
| Furniture and vehicles | 24 | €319,688 | €229,711 | -€89,977 | -28.1% |
| Leasing and similar rights | 25 | €184,130 | €162,396 | -€21,733 | -11.8% |
| Other tangible fixed assets | 26 | €22,325 | €20,157 | -€2,169 | -9.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,537,669 | €2,621,261 | +€83,592 | +3.3% |
| Stocks and contracts in progress | 3 | €1,776,915 | €1,941,763 | +€164,848 | +9.3% |
| Stocks | 30/36 | €1,776,915 | €1,941,763 | +€164,848 | +9.3% |
| Amounts receivable within one year | 40/41 | €681,194 | €608,467 | -€72,727 | -10.7% |
| Trade receivables | 40 | €662,334 | €555,237 | -€107,097 | -16.2% |
| Other amounts receivable | 41 | €18,860 | €53,230 | +€34,370 | +182.2% |
| Cash at bank and in hand | 54/58 | €67,980 | €60,574 | -€7,405 | -10.9% |
| Deferred charges and accrued income | 490/1 | €11,580 | €10,457 | -€1,123 | -9.7% |
| Total equity and liabilities | 10/49 | €3,604,113 | €5,562,459 | +€2.0m | +54.3% |
| Equity | 10/15 | €63,128 | -€392,643 | -€455,771 | |
| Contributions | 10/11 | €1,030,587 | €1,530,587 | +€500,000 | +48.5% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€969,959 | -€1,925,730 | -€955,771 | -98.5% |
| Amounts payable | 17/49 | €3,540,985 | €5,955,102 | +€2.4m | +68.2% |
| Amounts payable after more than one year | 17 | €1,155,072 | €902,270 | -€252,803 | -21.9% |
| Financial debts | 170/4 | €1,155,072 | €902,270 | -€252,803 | -21.9% |
| Amounts payable within one year | 42/48 | €2,368,706 | €5,052,832 | +€2.7m | +113.3% |
| Current portion of amounts payable after more than one year | 42 | €256,783 | €270,928 | +€14,145 | +5.5% |
| Financial debts | 43 | €1,200,000 | €2,980,647 | +€1.8m | +148.4% |
| Credit institutions | 430/8 | €1,200,000 | €2,980,647 | +€1.8m | +148.4% |
| Trade debts | 44 | €829,429 | €1,723,483 | +€894,054 | +107.8% |
| Suppliers | 440/4 | €829,429 | €1,723,483 | +€894,054 | +107.8% |
| Taxes, remuneration and social security | 45 | €70,494 | €45,363 | -€25,131 | -35.6% |
| Taxes | 450/3 | €22,578 | €12,917 | -€9,661 | -42.8% |
| Remuneration and social security | 454/9 | €47,916 | €32,446 | -€15,470 | -32.3% |
| Other amounts payable | 47/48 | €12,000 | €32,411 | +€20,411 | +170.1% |
| Accrued charges and deferred income | 492/3 | €17,206 | €0 | -€17,206 | -100.0% |
| Non-recurring operating income | 76A | €35,620 | €12,301 | -€23,319 | -65.5% |
| Remuneration, social security and pensions | 62 | €283,280 | €259,880 | -€23,400 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,585 | €302,571 | +€49,986 | +19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,524 | -€1,524 | |
| Other operating charges | 640/8 | €33,924 | €66,014 | +€32,089 | +94.6% |
| Operating charges capitalised as restructuring costs | 649 | - | -€159,200 | -€159,200 | |
| Non-recurring operating charges | 66A | €16,209 | €148,749 | +€132,540 | +817.7% |
| Gross operating margin | 9900 | €831,548 | -€120,554 | -€952,102 | |
| Operating profit (loss) | 9901 | €245,550 | -€737,045 | -€982,595 | |
| Financial income | 75/76B | €2,347 | €6,145 | +€3,798 | +161.8% |
| Recurring financial income | 75 | €2,347 | €6,145 | +€3,798 | +161.8% |
| Financial charges | 65/66B | €198,916 | €225,037 | +€26,121 | +13.1% |
| Recurring financial charges | 65 | €198,916 | €225,037 | +€26,121 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €48,981 | -€955,936 | -€1.0m | |
| Income taxes | 67/77 | €622 | -€165 | -€787 | |
| Profit (loss) for the period | 9904 | €48,359 | -€955,771 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €48,359 | -€955,771 | -€1.0m |
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 11 October 2026 via checked.be.