CORVIDAE: 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.
CORVIDAE
Largest movements
- Tangible fixed assets -€12,485
down €12,485 (-3.4%), from €372,384 to €359,899
of which Land and buildings: -€11,911
- Receivables within one year -€8,695
down €8,695 (-65.7%), from €13,232 to €4,537
of which Trade receivables: -€8,112
- Cash +€8,080
up €8,080 (+124.2%), from €6,505 to €14,585
mainly Net result for the year (+€20,949) and Depreciation (+€12,485)
- Debts after one year -€41,561
down €41,561 (-14.8%), from €280,483 to €238,923
of which Financial debts: -€21,431
- Reserves +€20,949
up €20,949 (+33.3%), from €62,839 to €83,788
- Trade debts +€8,235
up €8,235 (+88.8%), from €9,270 to €17,505
- Gross operating margin -€6,434
down €6,434 (-11.4%), from €56,626 to €50,191
- Taxes -€2,019
down €2,019 (-23.2%), from €8,692 to €6,673
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 | €393,320 | €380,265 | -€13,055 | -3.3% |
| Fixed assets | 21/28 | €372,384 | €359,899 | -€12,485 | -3.4% |
| Tangible fixed assets | 22/27 | €372,384 | €359,899 | -€12,485 | -3.4% |
| Land and buildings | 22 | €370,671 | €358,760 | -€11,911 | -3.2% |
| Plant, machinery and equipment | 23 | €1,518 | €1,026 | -€493 | -32.5% |
| Furniture and vehicles | 24 | €195 | €114 | -€81 | -41.5% |
| Current assets | 29/58 | €20,936 | €20,366 | -€570 | -2.7% |
| Amounts receivable within one year | 40/41 | €13,232 | €4,537 | -€8,695 | -65.7% |
| Trade receivables | 40 | €12,649 | €4,537 | -€8,112 | -64.1% |
| Other amounts receivable | 41 | €584 | - | -€584 | |
| Cash at bank and in hand | 54/58 | €6,505 | €14,585 | +€8,080 | +124.2% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,244 | +€45 | +3.8% |
| Total equity and liabilities | 10/49 | €393,320 | €380,265 | -€13,055 | -3.3% |
| Equity | 10/15 | €67,839 | €88,788 | +€20,949 | +30.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,839 | €83,788 | +€20,949 | +33.3% |
| Distributable reserves | 133 | €62,839 | €83,788 | +€20,949 | +33.3% |
| Amounts payable | 17/49 | €325,481 | €291,477 | -€34,004 | -10.4% |
| Amounts payable after more than one year | 17 | €280,483 | €238,923 | -€41,561 | -14.8% |
| Financial debts | 170/4 | €260,354 | €238,923 | -€21,431 | -8.2% |
| Other amounts payable | 178/9 | €20,130 | - | -€20,130 | |
| Amounts payable within one year | 42/48 | €44,998 | €52,555 | +€7,557 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €20,933 | €21,431 | +€498 | +2.4% |
| Trade debts | 44 | €9,270 | €17,505 | +€8,235 | +88.8% |
| Suppliers | 440/4 | €9,270 | €17,505 | +€8,235 | +88.8% |
| Taxes, remuneration and social security | 45 | €4,462 | €3,285 | -€1,176 | -26.4% |
| Taxes | 450/3 | €4,462 | €3,285 | -€1,176 | -26.4% |
| Other amounts payable | 47/48 | €10,333 | €10,333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,213 | €12,485 | +€271 | +2.2% |
| Other operating charges | 640/8 | €3,598 | €3,388 | -€211 | -5.9% |
| Non-recurring operating charges | 66A | - | €33 | +€33 | |
| Gross operating margin | 9900 | €56,626 | €50,191 | -€6,434 | -11.4% |
| Operating profit (loss) | 9901 | €40,814 | €34,285 | -€6,529 | -16.0% |
| Financial income | 75/76B | €7 | €47 | +€40 | +577.0% |
| Recurring financial income | 75 | €7 | €47 | +€40 | +577.0% |
| Financial charges | 65/66B | €7,105 | €6,711 | -€394 | -5.5% |
| Recurring financial charges | 65 | €7,105 | €6,711 | -€394 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €33,716 | €27,622 | -€6,094 | -18.1% |
| Income taxes | 67/77 | €8,692 | €6,673 | -€2,019 | -23.2% |
| Profit (loss) for the period | 9904 | €25,024 | €20,949 | -€4,075 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,024 | €20,949 | -€4,075 | -16.3% |
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 30 September 2026 via checked.be.