Corvito: 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.
Corvito
Largest movements
- Tangible fixed assets -€18,374
down €18,374 (-9.0%), from €203,202 to €184,827
of which Land and buildings: -€11,242
- Receivables within one year +€2,208
new in 2024: €2,208
- Debts after one year -€14,894
down €14,894 (-18.9%), from €78,719 to €63,825
- Tax, wage and social debts -€8,448
down €8,448 (-67.5%), from €12,524 to €4,076
of which Remuneration and social security: -€8,450
- Other debts +€3,163
up €3,163 (+3.9%), from €80,261 to €83,424
- Profit (loss) carried forward +€3,115
up €3,115 (+8.5%), from -€36,499 to -€33,384
- Gross operating margin +€15,605
up €15,605 (+165.6%), from €9,423 to €25,028
- Depreciation +€632
up €632 (+3.3%), from €19,224 to €19,856
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,700 | €190,221 | -€17,479 | -8.4% |
| Fixed assets | 21/28 | €203,202 | €184,827 | -€18,374 | -9.0% |
| Tangible fixed assets | 22/27 | €203,202 | €184,827 | -€18,374 | -9.0% |
| Land and buildings | 22 | €175,890 | €164,648 | -€11,242 | -6.4% |
| Plant, machinery and equipment | 23 | €23,439 | €18,468 | -€4,971 | -21.2% |
| Furniture and vehicles | 24 | €3,872 | €1,712 | -€2,161 | -55.8% |
| Current assets | 29/58 | €4,499 | €5,394 | +€895 | +19.9% |
| Amounts receivable within one year | 40/41 | - | €2,208 | +€2,208 | |
| Other amounts receivable | 41 | - | €2,208 | +€2,208 | |
| Cash at bank and in hand | 54/58 | €4,439 | €2,899 | -€1,540 | -34.7% |
| Deferred charges and accrued income | 490/1 | €60 | €287 | +€228 | +381.9% |
| Total equity and liabilities | 10/49 | €207,700 | €190,221 | -€17,479 | -8.4% |
| Equity | 10/15 | €20,862 | €23,977 | +€3,115 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,761 | €38,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,901 | €36,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,499 | -€33,384 | +€3,115 | +8.5% |
| Amounts payable | 17/49 | €186,838 | €166,244 | -€20,594 | -11.0% |
| Amounts payable after more than one year | 17 | €78,719 | €63,825 | -€14,894 | -18.9% |
| Financial debts | 170/4 | €78,719 | €63,825 | -€14,894 | -18.9% |
| Amounts payable within one year | 42/48 | €108,119 | €102,420 | -€5,699 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €14,706 | €14,894 | +€189 | +1.3% |
| Trade debts | 44 | €629 | €26 | -€603 | -95.9% |
| Suppliers | 440/4 | €629 | €26 | -€603 | -95.9% |
| Taxes, remuneration and social security | 45 | €12,524 | €4,076 | -€8,448 | -67.5% |
| Taxes | 450/3 | €694 | €696 | +€2 | +0.3% |
| Remuneration and social security | 454/9 | €11,830 | €3,380 | -€8,450 | -71.4% |
| Other amounts payable | 47/48 | €80,261 | €83,424 | +€3,163 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,224 | €19,856 | +€632 | +3.3% |
| Other operating charges | 640/8 | €643 | €668 | +€25 | +3.8% |
| Gross operating margin | 9900 | €9,423 | €25,028 | +€15,605 | +165.6% |
| Operating profit (loss) | 9901 | -€10,445 | €4,504 | +€14,948 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.9% |
| Financial charges | 65/66B | €1,478 | €1,280 | -€198 | -13.4% |
| Recurring financial charges | 65 | €1,478 | €1,280 | -€198 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,922 | €3,224 | +€15,145 | |
| Income taxes | 67/77 | €107 | €109 | +€2 | +2.1% |
| Profit (loss) for the period | 9904 | -€12,028 | €3,115 | +€15,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,028 | €3,115 | +€15,143 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.