Frans CORVERS: what changed
Frans CORVERS
Largest movements
- Tangible fixed assets +€341,364
up €341,364 (+192%), from €177,440 to €518,804
of which Plant, machinery and equipment: +€360,540
- Cash +€95,991
up €95,991 (+67.6%), from €141,951 to €237,941
mainly Debts after one year (+€329,147) and Net result for the year (+€86,549)
- Stocks and contracts +€24,658
up €24,658 (+35.3%), from €69,890 to €94,549
- Debts after one year +€329,147
up €329,147 (+469%), from €70,169 to €399,316
- Reserves +€86,549
up €86,549 (+31.3%), from €276,440 to €362,989
of which Distributable reserves: +€86,549
- Trade debts +€38,251
up €38,251 (+54.1%), from €70,656 to €108,907
- Current portion of long-term debt +€23,766
up €23,766 (+95.0%), from €25,025 to €48,791
- Staff costs +€73,161
up €73,161 (+13.9%), from €527,449 to €600,610
- Gross operating margin +€55,429
up €55,429 (+7.2%), from €774,292 to €829,721
- Depreciation +€34,494
up €34,494 (+79.6%), from €43,349 to €77,843
- Taxes -€22,519
down €22,519 (-48.7%), from €46,280 to €23,761
- Financial charges +€13,000
up €13,000 (+74.0%), from €17,571 to €30,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,052 | €1,137,833 | +€459,781 | +67.8% |
| Fixed assets | 21/28 | €177,564 | €518,928 | +€341,364 | +192% |
| Tangible fixed assets | 22/27 | €177,440 | €518,804 | +€341,364 | +192% |
| Land and buildings | 22 | €54,427 | €55,222 | +€795 | +1.5% |
| Plant, machinery and equipment | 23 | €37,175 | €397,715 | +€360,540 | +970% |
| Furniture and vehicles | 24 | €85,838 | €65,868 | -€19,970 | -23.3% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €500,488 | €618,905 | +€118,417 | +23.7% |
| Stocks and contracts in progress | 3 | €69,890 | €94,549 | +€24,658 | +35.3% |
| Stocks | 30/36 | €69,890 | €94,549 | +€24,658 | +35.3% |
| Amounts receivable within one year | 40/41 | €288,647 | €286,415 | -€2,232 | -0.8% |
| Trade receivables | 40 | €221,513 | €130,353 | -€91,160 | -41.2% |
| Other amounts receivable | 41 | €67,134 | €156,063 | +€88,928 | +132% |
| Cash at bank and in hand | 54/58 | €141,951 | €237,941 | +€95,991 | +67.6% |
| Total equity and liabilities | 10/49 | €678,052 | €1,137,833 | +€459,781 | +67.8% |
| Equity | 10/15 | €330,369 | €416,918 | +€86,549 | +26.2% |
| Contributions | 10/11 | €53,929 | €53,929 | = | 0.0% |
| Reserves | 13 | €276,440 | €362,989 | +€86,549 | +31.3% |
| Non-distributable reserves | 130/1 | €6,741 | €6,741 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,741 | €6,741 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,214 | €3,214 | = | 0.0% |
| Distributable reserves | 133 | €266,485 | €353,033 | +€86,549 | +32.5% |
| Amounts payable | 17/49 | €347,683 | €720,915 | +€373,232 | +107% |
| Amounts payable after more than one year | 17 | €70,169 | €399,316 | +€329,147 | +469% |
| Financial debts | 170/4 | €70,169 | €399,316 | +€329,147 | +469% |
| Amounts payable within one year | 42/48 | €277,514 | €321,600 | +€44,086 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €25,025 | €48,791 | +€23,766 | +95.0% |
| Financial debts | 43 | €130,000 | €130,000 | = | 0.0% |
| Credit institutions | 430/8 | €130,000 | €130,000 | = | 0.0% |
| Trade debts | 44 | €70,656 | €108,907 | +€38,251 | +54.1% |
| Suppliers | 440/4 | €70,656 | €108,907 | +€38,251 | +54.1% |
| Advances received on contracts in progress | 46 | €9,516 | - | -€9,516 | |
| Taxes, remuneration and social security | 45 | €42,318 | €31,853 | -€10,466 | -24.7% |
| Taxes | 450/3 | €18,285 | €3,592 | -€14,693 | -80.4% |
| Remuneration and social security | 454/9 | €24,033 | €28,261 | +€4,227 | +17.6% |
| Other amounts payable | 47/48 | - | €2,050 | +€2,050 | |
| Remuneration, social security and pensions | 62 | €527,449 | €600,610 | +€73,161 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,349 | €77,843 | +€34,494 | +79.6% |
| Other operating charges | 640/8 | €13,795 | €10,635 | -€3,160 | -22.9% |
| Gross operating margin | 9900 | €774,292 | €829,721 | +€55,429 | +7.2% |
| Operating profit (loss) | 9901 | €189,699 | €140,633 | -€49,066 | -25.9% |
| Financial income | 75/76B | €643 | €247 | -€396 | -61.6% |
| Recurring financial income | 75 | €643 | €247 | -€396 | -61.6% |
| Financial charges | 65/66B | €17,571 | €30,570 | +€13,000 | +74.0% |
| Recurring financial charges | 65 | €17,571 | €30,570 | +€13,000 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €172,771 | €110,310 | -€62,461 | -36.2% |
| Income taxes | 67/77 | €46,280 | €23,761 | -€22,519 | -48.7% |
| Profit (loss) for the period | 9904 | €126,491 | €86,549 | -€39,942 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,491 | €86,549 | -€39,942 | -31.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.