CORVO LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year +€10,610
up €10,610 (+55.5%), from €19,120 to €29,731
of which Trade receivables: +€9,039
- Tangible fixed assets -€385
down €385 (-59.5%), from €648 to €262
- Profit (loss) carried forward +€4,837
no longer reported in 2025 (was -€4,837)
- Reserves +€2,668
new in 2025: €2,668
- Trade debts +€1,688
up €1,688 (+28.0%), from €6,032 to €7,720
- Tax, wage and social debts +€1,036
new in 2025: €1,036
- Gross operating margin +€6,878
up €6,878 (+1,164%), from €591 to €7,469
- Other operating charges -€375
down €375 (-48.4%), from €775 to €400
- Financial income +€159
up €159 (+22.1%), from €720 to €879
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 | €19,795 | €30,023 | +€10,229 | +51.7% |
| Fixed assets | 21/28 | €648 | €262 | -€385 | -59.5% |
| Tangible fixed assets | 22/27 | €648 | €262 | -€385 | -59.5% |
| Furniture and vehicles | 24 | €648 | €262 | -€385 | -59.5% |
| Current assets | 29/58 | €19,147 | €29,761 | +€10,614 | +55.4% |
| Amounts receivable within one year | 40/41 | €19,120 | €29,731 | +€10,610 | +55.5% |
| Trade receivables | 40 | €4,315 | €13,354 | +€9,039 | +209% |
| Other amounts receivable | 41 | €14,805 | €16,376 | +€1,571 | +10.6% |
| Cash at bank and in hand | 54/58 | €26 | €30 | +€4 | +14.6% |
| Total equity and liabilities | 10/49 | €19,795 | €30,023 | +€10,229 | +51.7% |
| Equity | 10/15 | €13,763 | €21,268 | +€7,504 | +54.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €2,668 | +€2,668 | |
| Distributable reserves | 133 | - | €2,668 | +€2,668 | |
| Profit (loss) carried forward | 14 | -€4,837 | - | +€4,837 | |
| Amounts payable | 17/49 | €6,032 | €8,756 | +€2,724 | +45.2% |
| Amounts payable within one year | 42/48 | €6,032 | €8,756 | +€2,724 | +45.2% |
| Trade debts | 44 | €6,032 | €7,720 | +€1,688 | +28.0% |
| Suppliers | 440/4 | €6,032 | €7,720 | +€1,688 | +28.0% |
| Taxes, remuneration and social security | 45 | - | €1,036 | +€1,036 | |
| Taxes | 450/3 | - | €1,036 | +€1,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €385 | = | 0.0% |
| Other operating charges | 640/8 | €775 | €400 | -€375 | -48.4% |
| Gross operating margin | 9900 | €591 | €7,469 | +€6,878 | +1,164% |
| Operating profit (loss) | 9901 | -€569 | €6,684 | +€7,253 | |
| Financial income | 75/76B | €720 | €879 | +€159 | +22.1% |
| Recurring financial income | 75 | €720 | €879 | +€159 | +22.1% |
| Financial charges | 65/66B | €32 | €59 | +€27 | +84.6% |
| Recurring financial charges | 65 | €32 | €59 | +€27 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €119 | €7,504 | +€7,385 | +6,205% |
| Profit (loss) for the period | 9904 | €119 | €7,504 | +€7,385 | +6,205% |
| Profit (loss) for the period to be appropriated | 9905 | €119 | €7,504 | +€7,385 | +6,205% |
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 18 October 2026 via checked.be.