CORVEST: 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.
CORVEST
Largest movements
- Financial fixed assets -€359,651
down €359,651 (-86.8%), from €414,401 to €54,750
- Current investments +€76,285
new in 2025: €76,285
- Receivables within one year -€23,587
down €23,587 (-60.1%), from €39,231 to €15,644
of which Trade receivables: -€24,898
- Cash -€5,821
down €5,821 (-6.4%), from €91,183 to €85,363
mainly Contributions, distributions and other (-€1.7m) and Current investments (-€76,285)
- Profit (loss) carried forward -€294,944
down €294,944 (-79.4%), from €371,539 to €76,595
- Tax, wage and social debts -€11,212
no longer reported in 2025 (was €11,212)
- Financial income +€1.3m
up €1.3m (+911.1%), from €140,009 to €1.4m
of which Non-recurring financial income: +€1.4m
- Gross operating margin -€40,034
down €40,034, from €30,400 to -€9,634
- Taxes -€8,078
no longer reported in 2025 (was €8,078)
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 | €544,816 | €232,042 | -€312,773 | -57.4% |
| Fixed assets | 21/28 | €414,401 | €54,750 | -€359,651 | -86.8% |
| Financial fixed assets | 28 | €414,401 | €54,750 | -€359,651 | -86.8% |
| Current assets | 29/58 | €130,415 | €177,292 | +€46,878 | +35.9% |
| Amounts receivable within one year | 40/41 | €39,231 | €15,644 | -€23,587 | -60.1% |
| Trade receivables | 40 | €39,231 | €14,333 | -€24,898 | -63.5% |
| Other amounts receivable | 41 | - | €1,311 | +€1,311 | |
| Current investments | 50/53 | - | €76,285 | +€76,285 | |
| Cash at bank and in hand | 54/58 | €91,183 | €85,363 | -€5,821 | -6.4% |
| Total equity and liabilities | 10/49 | €544,816 | €232,042 | -€312,773 | -57.4% |
| Equity | 10/15 | €492,539 | €197,595 | -€294,944 | -59.9% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,539 | €76,595 | -€294,944 | -79.4% |
| Amounts payable | 17/49 | €52,276 | €34,447 | -€17,829 | -34.1% |
| Amounts payable within one year | 42/48 | €49,065 | €34,447 | -€14,618 | -29.8% |
| Trade debts | 44 | €37,854 | €34,447 | -€3,406 | -9.0% |
| Suppliers | 440/4 | €37,854 | €34,447 | -€3,406 | -9.0% |
| Taxes, remuneration and social security | 45 | €11,212 | - | -€11,212 | |
| Taxes | 450/3 | €11,212 | - | -€11,212 | |
| Accrued charges and deferred income | 492/3 | €3,211 | - | -€3,211 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €30,400 | -€9,634 | -€40,034 | |
| Operating profit (loss) | 9901 | €30,012 | -€10,034 | -€40,046 | |
| Financial income | 75/76B | €140,009 | €1,415,614 | +€1.3m | +911.1% |
| Recurring financial income | 75 | €140,009 | €49,349 | -€90,660 | -64.8% |
| Non-recurring financial income | 76B | - | €1,366,266 | +€1.4m | |
| Financial charges | 65/66B | €492 | €525 | +€33 | +6.8% |
| Recurring financial charges | 65 | €492 | €525 | +€33 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €169,530 | €1,405,056 | +€1.2m | +728.8% |
| Income taxes | 67/77 | €8,078 | - | -€8,078 | |
| Profit (loss) for the period | 9904 | €161,452 | €1,405,056 | +€1.2m | +770.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,452 | €1,405,056 | +€1.2m | +770.3% |
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 2 October 2026 via checked.be.