CORVETTE: 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.
CORVETTE
Largest movements
- Cash -€5,404
down €5,404 (-93.8%), from €5,763 to €360
mainly Net result for the year (-€7,050) and Trade debts (-€977)
- Receivables within one year -€2,646
down €2,646 (-76.3%), from €3,467 to €821
of which Trade receivables: -€2,808
- Financial fixed assets -€500
down €500 (-45.5%), from €1,100 to €600
- Stocks and contracts -€500
down €500 (-100.0%), from €500 to €0
- Profit (loss) carried forward -€7,050
down €7,050 (-9.8%), from -€71,781 to -€78,832
- Trade debts -€977
down €977 (-47.4%), from €2,060 to €1,083
- Other debts -€898
down €898 (-1.9%), from €47,542 to €46,644
- Tax, wage and social debts -€125
down €125 (-6.2%), from €2,022 to €1,898
- Other operating charges -€817
down €817 (-27.7%), from €2,952 to €2,135
- Gross operating margin -€753
down €753 (-21.9%), from -€3,434 to -€4,186
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 | €10,830 | €1,780 | -€9,050 | -83.6% |
| Fixed assets | 21/28 | €1,100 | €600 | -€500 | -45.5% |
| Financial fixed assets | 28 | €1,100 | €600 | -€500 | -45.5% |
| Current assets | 29/58 | €9,730 | €1,180 | -€8,550 | -87.9% |
| Stocks and contracts in progress | 3 | €500 | €0 | -€500 | -100.0% |
| Stocks | 30/36 | €500 | €0 | -€500 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,467 | €821 | -€2,646 | -76.3% |
| Trade receivables | 40 | €3,467 | €659 | -€2,808 | -81.0% |
| Other amounts receivable | 41 | - | €161 | +€161 | |
| Cash at bank and in hand | 54/58 | €5,763 | €360 | -€5,404 | -93.8% |
| Total equity and liabilities | 10/49 | €10,830 | €1,780 | -€9,050 | -83.6% |
| Equity | 10/15 | -€40,795 | -€47,845 | -€7,050 | -17.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,781 | -€78,832 | -€7,050 | -9.8% |
| Amounts payable | 17/49 | €51,625 | €49,625 | -€2,000 | -3.9% |
| Amounts payable within one year | 42/48 | €51,625 | €49,625 | -€2,000 | -3.9% |
| Trade debts | 44 | €2,060 | €1,083 | -€977 | -47.4% |
| Suppliers | 440/4 | €2,060 | €1,083 | -€977 | -47.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,022 | €1,898 | -€125 | -6.2% |
| Taxes | 450/3 | €2,022 | €1,898 | -€125 | -6.2% |
| Other amounts payable | 47/48 | €47,542 | €46,644 | -€898 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,952 | €2,135 | -€817 | -27.7% |
| Gross operating margin | 9900 | -€3,434 | -€4,186 | -€753 | -21.9% |
| Operating profit (loss) | 9901 | -€6,386 | -€6,321 | +€65 | +1.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +26.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +26.6% |
| Financial charges | 65/66B | €473 | €490 | +€17 | +3.6% |
| Recurring financial charges | 65 | €473 | €490 | +€17 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,858 | -€6,810 | +€48 | +0.7% |
| Income taxes | 67/77 | €202 | €240 | +€38 | +19.0% |
| Profit (loss) for the period | 9904 | -€7,060 | -€7,050 | +€9 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,060 | -€7,050 | +€9 | +0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.