CORVIER: 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.
CORVIER
Largest movements
- Current investments +€320,000
new in 2025: €320,000
- Cash -€260,665
down €260,665 (-57.8%), from €450,923 to €190,258
mainly Current investments (-€320,000) and Smaller working-capital items (-€661)
- Tangible fixed assets -€38,604
down €38,604 (-17.0%), from €226,545 to €187,941
of which Land and buildings: -€24,302
- Profit (loss) carried forward +€11,111
up €11,111 (+20.6%), from €53,957 to €65,068
- Other debts +€8,406
up €8,406 (+2.7%), from €310,779 to €319,185
- Depreciation -€7,679
down €7,679 (-19.5%), from €39,301 to €31,621
- Financial charges +€1,385
up €1,385 (+11.3%), from €12,282 to €13,668
- Taxes +€1,373
up €1,373 (+49.1%), from €2,794 to €4,167
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.
Derived cash bridge
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 | €681,200 | €702,437 | +€21,238 | +3.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €226,545 | €187,941 | -€38,604 | -17.0% |
| Tangible fixed assets | 22/27 | €226,545 | €187,941 | -€38,604 | -17.0% |
| Land and buildings | 22 | €208,459 | €184,157 | -€24,302 | -11.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €18,087 | €3,784 | -€14,303 | -79.1% |
| Current assets | 29/58 | €454,654 | €514,496 | +€59,842 | +13.2% |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Trade receivables | 40 | - | €0 | = | |
| Current investments | 50/53 | - | €320,000 | +€320,000 | |
| Cash at bank and in hand | 54/58 | €450,923 | €190,258 | -€260,665 | -57.8% |
| Deferred charges and accrued income | 490/1 | €3,731 | €4,238 | +€507 | +13.6% |
| Total equity and liabilities | 10/49 | €681,200 | €702,437 | +€21,238 | +3.1% |
| Equity | 10/15 | €312,084 | €323,195 | +€11,111 | +3.6% |
| Contributions | 10/11 | €98,663 | €98,663 | = | 0.0% |
| Capital | 10 | €98,663 | €98,663 | = | 0.0% |
| Issued capital | 100 | €98,663 | €98,663 | = | 0.0% |
| Reserves | 13 | €159,464 | €159,464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,858 | €12,858 | = | 0.0% |
| Legal reserve | 130 | €12,858 | €12,858 | = | 0.0% |
| Distributable reserves | 133 | €146,606 | €146,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,957 | €65,068 | +€11,111 | +20.6% |
| Provisions and deferred taxes | 16 | €40,500 | €40,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,500 | €40,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €40,500 | €40,500 | = | 0.0% |
| Amounts payable | 17/49 | €328,616 | €338,743 | +€10,127 | +3.1% |
| Amounts payable after more than one year | 17 | €4,852 | €6,727 | +€1,875 | +38.6% |
| Other amounts payable | 178/9 | €4,852 | €6,727 | +€1,875 | +38.6% |
| Amounts payable within one year | 42/48 | €323,764 | €332,016 | +€8,252 | +2.5% |
| Trade debts | 44 | €1,841 | €2,226 | +€385 | +20.9% |
| Suppliers | 440/4 | €1,841 | €2,226 | +€385 | +20.9% |
| Taxes, remuneration and social security | 45 | €11,144 | €10,605 | -€540 | -4.8% |
| Taxes | 450/3 | €11,144 | €10,605 | -€540 | -4.8% |
| Other amounts payable | 47/48 | €310,779 | €319,185 | +€8,406 | +2.7% |
| Non-recurring operating income | 76A | - | €1,194 | +€1,194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,301 | €31,621 | -€7,679 | -19.5% |
| Other operating charges | 640/8 | €25,427 | €26,085 | +€658 | +2.6% |
| Gross operating margin | 9900 | €87,304 | €86,652 | -€653 | -0.7% |
| Operating profit (loss) | 9901 | €22,576 | €28,945 | +€6,369 | +28.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,282 | €13,668 | +€1,385 | +11.3% |
| Recurring financial charges | 65 | €12,282 | €13,668 | +€1,385 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €10,294 | €15,278 | +€4,984 | +48.4% |
| Income taxes | 67/77 | €2,794 | €4,167 | +€1,373 | +49.1% |
| Profit (loss) for the period | 9904 | €7,500 | €11,111 | +€3,611 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,500 | €11,111 | +€3,611 | +48.1% |
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 28 October 2026 via checked.be.