KORVALIS: 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.
KORVALIS
Largest movements
- Cash +€183,999
up €183,999 (+140.9%), from €130,556 to €314,555
mainly Receivables within one year (+€93,759) and Other debts (+€45,020)
- Receivables within one year -€93,759
down €93,759 (-98.0%), from €95,656 to €1,897
- Other debts +€45,020
up €45,020 (+22.8%), from €197,323 to €242,343
- Profit (loss) carried forward +€35,445
up €35,445, from -€4,093 to €31,352
- Tax, wage and social debts +€8,748
up €8,748 (+42.0%), from €20,811 to €29,559
- Gross operating margin +€17,148
up €17,148 (+63.7%), from €26,921 to €44,069
- Purchases and services -€13,838
down €13,838 (-13.8%), from €100,439 to €86,601
- Taxes -€8,969
down €8,969 (-51.8%), from €17,308 to €8,339
- Other operating charges -€1,462
down €1,462 (-88.2%), from €1,658 to €196
- Financial income +€808
up €808 (+621.4%), from €130 to €938
of which Financial income: +€808
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 | €228,301 | €317,514 | +€89,213 | +39.1% |
| Fixed assets | 21/28 | €2,089 | €1,061 | -€1,027 | -49.2% |
| Tangible fixed assets | 22/27 | €1,881 | €853 | -€1,027 | -54.6% |
| Furniture and vehicles | 24 | €1,881 | €853 | -€1,027 | -54.6% |
| Financial fixed assets | 28 | €208 | €208 | = | 0.0% |
| Current assets | 29/58 | €226,212 | €316,452 | +€90,240 | +39.9% |
| Amounts receivable within one year | 40/41 | €95,656 | €1,897 | -€93,759 | -98.0% |
| Trade receivables | 40 | €95,656 | €1,897 | -€93,759 | -98.0% |
| Cash at bank and in hand | 54/58 | €130,556 | €314,555 | +€183,999 | +140.9% |
| Total equity and liabilities | 10/49 | €228,301 | €317,514 | +€89,213 | +39.1% |
| Equity | 10/15 | €10,167 | €45,612 | +€35,445 | +348.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,093 | €31,352 | +€35,445 | |
| Amounts payable | 17/49 | €218,134 | €271,902 | +€53,768 | +24.6% |
| Amounts payable within one year | 42/48 | €218,134 | €271,902 | +€53,768 | +24.6% |
| Taxes, remuneration and social security | 45 | €20,811 | €29,559 | +€8,748 | +42.0% |
| Taxes | 450/3 | €20,811 | €29,559 | +€8,748 | +42.0% |
| Other amounts payable | 47/48 | €197,323 | €242,343 | +€45,020 | +22.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,439 | €86,601 | -€13,838 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | €1,027 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,658 | €196 | -€1,462 | -88.2% |
| Gross operating margin | 9900 | €26,921 | €44,069 | +€17,148 | +63.7% |
| Operating profit (loss) | 9901 | €24,236 | €42,846 | +€18,610 | +76.8% |
| Financial income | 75/76B | €130 | €938 | +€808 | +621.4% |
| Recurring financial income | 75 | €130 | €938 | +€808 | +621.4% |
| Non-recurring financial income | 76B | €130 | €938 | +€808 | +621.4% |
| Financial charges | 65/66B | €281 | €0 | -€281 | -100.0% |
| Recurring financial charges | 65 | €281 | €0 | -€281 | -100.0% |
| Non-recurring financial charges | 66B | €281 | €0 | -€281 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €24,085 | €43,784 | +€19,699 | +81.8% |
| Income taxes | 67/77 | €17,308 | €8,339 | -€8,969 | -51.8% |
| Profit (loss) for the period | 9904 | €6,776 | €35,445 | +€28,668 | +423.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,776 | €35,445 | +€28,668 | +423.1% |
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 3 October 2026 via checked.be.