CORVO BIANCO: 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.
CORVO BIANCO
Largest movements
- Receivables within one year +€23,827
up €23,827 (+38.0%), from €62,668 to €86,495
of which Other amounts receivable: +€31,408
- Current investments +€15,057
up €15,057 (+107%), from €14,085 to €29,142
- Cash -€6,594
down €6,594 (-11.7%), from €56,511 to €49,918
mainly Receivables within one year (-€23,827) and Current investments (-€15,057)
- Reserves +€31,836
up €31,836 (+28.6%), from €111,139 to €142,975
- Trade debts +€3,208
up €3,208 (+216%), from €1,486 to €4,694
- Tax, wage and social debts -€2,754
down €2,754 (-14.8%), from €18,639 to €15,885
- Gross operating margin -€28,047
down €28,047 (-41.4%), from €67,800 to €39,753
- Taxes -€4,831
down €4,831 (-35.7%), from €13,538 to €8,707
- Financial charges +€3,537
up €3,537, from -€754 to €2,783
- Financial income +€3,266
up €3,266 (+425%), from €769 to €4,035
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 | €133,264 | €165,554 | +€32,290 | +24.2% |
| Current assets | 29/58 | €133,264 | €165,554 | +€32,290 | +24.2% |
| Amounts receivable within one year | 40/41 | €62,668 | €86,495 | +€23,827 | +38.0% |
| Trade receivables | 40 | €40,857 | €33,275 | -€7,582 | -18.6% |
| Other amounts receivable | 41 | €21,811 | €53,220 | +€31,408 | +144% |
| Current investments | 50/53 | €14,085 | €29,142 | +€15,057 | +107% |
| Cash at bank and in hand | 54/58 | €56,511 | €49,918 | -€6,594 | -11.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €133,264 | €165,554 | +€32,290 | +24.2% |
| Equity | 10/15 | €113,139 | €144,975 | +€31,836 | +28.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €111,139 | €142,975 | +€31,836 | +28.6% |
| Distributable reserves | 133 | €111,139 | €142,975 | +€31,836 | +28.6% |
| Amounts payable | 17/49 | €20,125 | €20,579 | +€454 | +2.3% |
| Amounts payable within one year | 42/48 | €20,125 | €20,579 | +€454 | +2.3% |
| Trade debts | 44 | €1,486 | €4,694 | +€3,208 | +216% |
| Suppliers | 440/4 | €1,486 | €4,694 | +€3,208 | +216% |
| Taxes, remuneration and social security | 45 | €18,639 | €15,885 | -€2,754 | -14.8% |
| Taxes | 450/3 | €18,639 | €15,885 | -€2,754 | -14.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €67,800 | €39,753 | -€28,047 | -41.4% |
| Operating profit (loss) | 9901 | €67,351 | €39,291 | -€28,059 | -41.7% |
| Financial income | 75/76B | €769 | €4,035 | +€3,266 | +425% |
| Recurring financial income | 75 | €769 | €4,035 | +€3,266 | +425% |
| Financial charges | 65/66B | -€754 | €2,783 | +€3,537 | |
| Recurring financial charges | 65 | -€754 | €2,783 | +€3,537 | |
| Profit (loss) for the period before taxes | 9903 | €68,873 | €40,543 | -€28,331 | -41.1% |
| Income taxes | 67/77 | €13,538 | €8,707 | -€4,831 | -35.7% |
| Profit (loss) for the period | 9904 | €55,335 | €31,836 | -€23,499 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,335 | €31,836 | -€23,499 | -42.5% |
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 20 October 2026 via checked.be.