CORVUS MONTIS: 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.
CORVUS MONTIS
Largest movements
- Tangible fixed assets +€17,545
up €17,545 (+30.6%), from €57,399 to €74,944
of which Land and buildings: +€15,587
- Cash +€9,245
up €9,245 (+81.2%), from €11,380 to €20,625
mainly Trade debts (+€33,128) and Depreciation (+€14,483)
- Deferred charges and accrued income +€3,437
new in 2024: €3,437
- Receivables within one year -€2,316
down €2,316 (-5.2%), from €44,274 to €41,959
of which Trade receivables: -€7,408
- Trade debts +€33,128
up €33,128 (+51.1%), from €64,854 to €97,982
- Accrued charges and deferred income +€10,200
up €10,200 (+567%), from €1,800 to €12,000
- Debts after one year -€6,745
down €6,745 (-57.1%), from €11,822 to €5,077
- Other debts -€5,407
down €5,407 (-40.3%), from €13,400 to €7,993
- Tax, wage and social debts -€4,175
down €4,175 (-17.7%), from €23,553 to €19,377
of which Taxes: -€7,265
- Gross operating margin +€38,585
up €38,585 (+25.9%), from €148,776 to €187,361
- Staff costs +€33,656
up €33,656 (+24.8%), from €135,661 to €169,317
- Depreciation +€8,738
up €8,738 (+152%), from €5,745 to €14,483
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.
Derived cash bridge
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 | €119,316 | €147,367 | +€28,051 | +23.5% |
| Fixed assets | 21/28 | €57,662 | €75,207 | +€17,545 | +30.4% |
| Tangible fixed assets | 22/27 | €57,399 | €74,944 | +€17,545 | +30.6% |
| Land and buildings | 22 | - | €15,587 | +€15,587 | |
| Plant, machinery and equipment | 23 | €3,849 | €14,340 | +€10,491 | +273% |
| Other tangible fixed assets | 26 | €53,550 | €45,017 | -€8,533 | -15.9% |
| Financial fixed assets | 28 | €263 | €263 | = | 0.0% |
| Current assets | 29/58 | €61,654 | €72,160 | +€10,506 | +17.0% |
| Stocks and contracts in progress | 3 | €6,000 | €6,140 | +€140 | +2.3% |
| Stocks | 30/36 | €6,000 | €6,140 | +€140 | +2.3% |
| Amounts receivable within one year | 40/41 | €44,274 | €41,959 | -€2,316 | -5.2% |
| Trade receivables | 40 | €14,366 | €6,958 | -€7,408 | -51.6% |
| Other amounts receivable | 41 | €29,909 | €35,001 | +€5,092 | +17.0% |
| Cash at bank and in hand | 54/58 | €11,380 | €20,625 | +€9,245 | +81.2% |
| Deferred charges and accrued income | 490/1 | - | €3,437 | +€3,437 | |
| Total equity and liabilities | 10/49 | €119,316 | €147,367 | +€28,051 | +23.5% |
| Equity | 10/15 | €3,887 | €4,937 | +€1,050 | +27.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,887 | €2,937 | +€1,050 | +55.6% |
| Distributable reserves | 133 | €1,887 | €2,937 | +€1,050 | +55.6% |
| Amounts payable | 17/49 | €115,429 | €142,430 | +€27,001 | +23.4% |
| Amounts payable after more than one year | 17 | €11,822 | €5,077 | -€6,745 | -57.1% |
| Financial debts | 170/4 | €11,822 | €5,077 | -€6,745 | -57.1% |
| Amounts payable within one year | 42/48 | €101,806 | €125,353 | +€23,546 | +23.1% |
| Trade debts | 44 | €64,854 | €97,982 | +€33,128 | +51.1% |
| Suppliers | 440/4 | €64,854 | €97,982 | +€33,128 | +51.1% |
| Taxes, remuneration and social security | 45 | €23,553 | €19,377 | -€4,175 | -17.7% |
| Taxes | 450/3 | €12,666 | €5,401 | -€7,265 | -57.4% |
| Remuneration and social security | 454/9 | €10,887 | €13,976 | +€3,089 | +28.4% |
| Other amounts payable | 47/48 | €13,400 | €7,993 | -€5,407 | -40.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €12,000 | +€10,200 | +567% |
| Remuneration, social security and pensions | 62 | €135,661 | €169,317 | +€33,656 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,745 | €14,483 | +€8,738 | +152% |
| Other operating charges | 640/8 | €3,935 | €2,962 | -€973 | -24.7% |
| Gross operating margin | 9900 | €148,776 | €187,361 | +€38,585 | +25.9% |
| Operating profit (loss) | 9901 | €3,434 | €599 | -€2,836 | -82.6% |
| Financial income | 75/76B | €756 | €1,563 | +€807 | +107% |
| Recurring financial income | 75 | €756 | €1,563 | +€807 | +107% |
| Financial charges | 65/66B | €1,829 | €640 | -€1,188 | -65.0% |
| Recurring financial charges | 65 | €1,829 | €640 | -€1,188 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €2,362 | €1,521 | -€840 | -35.6% |
| Income taxes | 67/77 | €474 | €471 | -€3 | -0.6% |
| Profit (loss) for the period | 9904 | €1,887 | €1,050 | -€837 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,887 | €1,050 | -€837 | -44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.