CORVERSY: 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.
CORVERSY
Largest movements
- Receivables within one year +€27,331
up €27,331 (+516.6%), from €5,290 to €32,621
of which Other amounts receivable: +€27,881
- Tangible fixed assets -€16,333
down €16,333 (-9.3%), from €175,681 to €159,348
of which Land and buildings: -€22,796
- Stocks and contracts -€2,551
down €2,551 (-32.8%), from €7,770 to €5,219
- Other debts +€24,160
up €24,160 (+6.5%), from €372,627 to €396,787
- Profit (loss) carried forward -€17,923
down €17,923 (-4.9%), from -€364,993 to -€382,916
- Depreciation -€4,254
down €4,254 (-14.5%), from €29,349 to €25,095
- Gross operating margin +€2,610
up €2,610 (+30.1%), from €8,680 to €11,290
- Other operating charges +€600
up €600 (+15.8%), from €3,791 to €4,391
- Financial income +€352
new in 2025: €352
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,722 | €199,561 | +€7,839 | +4.1% |
| Fixed assets | 21/28 | €175,681 | €159,348 | -€16,333 | -9.3% |
| Tangible fixed assets | 22/27 | €175,681 | €159,348 | -€16,333 | -9.3% |
| Land and buildings | 22 | €163,998 | €141,203 | -€22,796 | -13.9% |
| Plant, machinery and equipment | 23 | €11,683 | €18,145 | +€6,463 | +55.3% |
| Current assets | 29/58 | €16,041 | €40,213 | +€24,172 | +150.7% |
| Stocks and contracts in progress | 3 | €7,770 | €5,219 | -€2,551 | -32.8% |
| Stocks | 30/36 | €7,770 | €5,219 | -€2,551 | -32.8% |
| Amounts receivable within one year | 40/41 | €5,290 | €32,621 | +€27,331 | +516.6% |
| Trade receivables | 40 | €4,312 | €3,761 | -€551 | -12.8% |
| Other amounts receivable | 41 | €978 | €28,860 | +€27,881 | +2849.4% |
| Cash at bank and in hand | 54/58 | €1,709 | €685 | -€1,024 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,688 | +€416 | +32.8% |
| Total equity and liabilities | 10/49 | €191,722 | €199,561 | +€7,839 | +4.1% |
| Equity | 10/15 | -€185,593 | -€203,516 | -€17,923 | -9.7% |
| Contributions | 10/11 | €179,400 | €179,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€364,993 | -€382,916 | -€17,923 | -4.9% |
| Amounts payable | 17/49 | €377,315 | €403,077 | +€25,762 | +6.8% |
| Amounts payable within one year | 42/48 | €376,539 | €402,549 | +€26,011 | +6.9% |
| Trade debts | 44 | €2,452 | €3,538 | +€1,085 | +44.3% |
| Suppliers | 440/4 | €2,452 | €3,538 | +€1,085 | +44.3% |
| Advances received on contracts in progress | 46 | €682 | - | -€682 | |
| Taxes, remuneration and social security | 45 | €778 | €2,225 | +€1,447 | +186.0% |
| Taxes | 450/3 | €778 | €2,225 | +€1,447 | +186.0% |
| Other amounts payable | 47/48 | €372,627 | €396,787 | +€24,160 | +6.5% |
| Accrued charges and deferred income | 492/3 | €776 | €528 | -€248 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,349 | €25,095 | -€4,254 | -14.5% |
| Other operating charges | 640/8 | €3,791 | €4,391 | +€600 | +15.8% |
| Gross operating margin | 9900 | €8,680 | €11,290 | +€2,610 | +30.1% |
| Operating profit (loss) | 9901 | -€24,460 | -€18,196 | +€6,264 | +25.6% |
| Financial income | 75/76B | - | €352 | +€352 | |
| Recurring financial income | 75 | - | €352 | +€352 | |
| Financial charges | 65/66B | €106 | €79 | -€27 | -25.7% |
| Recurring financial charges | 65 | €106 | €79 | -€27 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,566 | -€17,923 | +€6,643 | +27.0% |
| Profit (loss) for the period | 9904 | -€24,566 | -€17,923 | +€6,643 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,566 | -€17,923 | +€6,643 | +27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.