CORVUS: what changed
What changed
CORVUS
filed annual accounts (NBB)
Net result for the year
-€30,569
2024 · -€43,940+€13,371
Equity
-€314,257
2024 · -€283,689-€30,569
Cash
€3,142
2024 · €92+€3,050
Balance sheet total
€474,498
2024 · €504,665-€30,166
Largest movements
Assets
- Tangible fixed assets -€33,270
down €33,270 (-6.6%), from €503,430 to €470,160
Equity and liabilities
- Profit (loss) carried forward -€30,569
down €30,569 (-10.1%), from -€304,140 to -€334,709
- Debts after one year -€24,670
down €24,670 (-3.3%), from €745,421 to €720,751
- Other debts +€22,055
up €22,055 (+118%), from €18,751 to €40,806
Income statement
- Gross operating margin +€10,505
up €10,505 (+5,181%), from €203 to €10,708
- Financial charges -€2,296
down €2,296 (-26.1%), from €8,781 to €6,486
- Depreciation -€519
down €519 (-1.5%), from €33,789 to €33,270
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.
Result 2024
-€43,940
Gross operating margin
+€10,505
Depreciation
+€519
Other operating charges
+€52
Financial charges
+€2,296
Result 2025
-€30,569
raises the result
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.
From operations
+€27,232
Investment
€0
Financing
-€24,182
Cash 2024
€92
From operations (derived)
+€27,232
Net result for the year
-€30,569
Depreciation
+€33,270
Deferred charges and accrued income
-€54
Other debts
+€22,055
Accrued charges and deferred income
+€2,529
Financing
-€24,182
Debts after one year
-€24,670
Current portion of long-term debt
+€488
Cash 2025
€3,142
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €504,665 | €474,498 | -€30,166 | -6.0% |
| Fixed assets | 21/28 | €503,430 | €470,160 | -€33,270 | -6.6% |
| Tangible fixed assets | 22/27 | €503,430 | €470,160 | -€33,270 | -6.6% |
| Land and buildings | 22 | €503,430 | €470,160 | -€33,270 | -6.6% |
| Current assets | 29/58 | €1,235 | €4,339 | +€3,104 | +251% |
| Cash at bank and in hand | 54/58 | €92 | €3,142 | +€3,050 | +3,333% |
| Deferred charges and accrued income | 490/1 | €1,143 | €1,197 | +€54 | +4.7% |
| Total equity and liabilities | 10/49 | €504,665 | €474,498 | -€30,166 | -6.0% |
| Equity | 10/15 | -€283,689 | -€314,257 | -€30,569 | -10.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€304,140 | -€334,709 | -€30,569 | -10.1% |
| Amounts payable | 17/49 | €788,353 | €788,756 | +€403 | +0.1% |
| Amounts payable after more than one year | 17 | €745,421 | €720,751 | -€24,670 | -3.3% |
| Financial debts | 170/4 | €745,421 | €720,751 | -€24,670 | -3.3% |
| Amounts payable within one year | 42/48 | €42,932 | €65,475 | +€22,543 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €24,182 | €24,670 | +€488 | +2.0% |
| Other amounts payable | 47/48 | €18,751 | €40,806 | +€22,055 | +118% |
| Accrued charges and deferred income | 492/3 | - | €2,529 | +€2,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,789 | €33,270 | -€519 | -1.5% |
| Other operating charges | 640/8 | €1,573 | €1,521 | -€52 | -3.3% |
| Gross operating margin | 9900 | €203 | €10,708 | +€10,505 | +5,181% |
| Operating profit (loss) | 9901 | -€35,159 | -€24,083 | +€11,076 | +31.5% |
| Financial charges | 65/66B | €8,781 | €6,486 | -€2,296 | -26.1% |
| Recurring financial charges | 65 | €8,781 | €6,486 | -€2,296 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,940 | -€30,569 | +€13,371 | +30.4% |
| Profit (loss) for the period | 9904 | -€43,940 | -€30,569 | +€13,371 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,940 | -€30,569 | +€13,371 | +30.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.