ACOVAN: 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.
ACOVAN
Largest movements
- Cash -€6,909
down €6,909 (-87.9%), from €7,860 to €951
mainly Net result for the year (-€12,769)
- Tangible fixed assets -€2,639
down €2,639 (-25.5%), from €10,333 to €7,693
of which Plant, machinery and equipment: -€1,682
- Receivables within one year -€2,591
down €2,591 (-8.2%), from €31,577 to €28,986
of which Other amounts receivable: -€2,039
- Reserves -€12,769
down €12,769 (-75.5%), from €16,908 to €4,139
of which Distributable reserves: -€12,769
- Depreciation -€9,420
down €9,420 (-78.1%), from €12,059 to €2,639
- Gross operating margin -€5,363
down €5,363 (-115%), from -€4,655 to -€10,018
- Financial income +€793
up €793 (+73.8%), from €1,075 to €1,869
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 | €50,635 | €38,261 | -€12,373 | -24.4% |
| Fixed assets | 21/28 | €10,333 | €7,693 | -€2,639 | -25.5% |
| Tangible fixed assets | 22/27 | €10,333 | €7,693 | -€2,639 | -25.5% |
| Plant, machinery and equipment | 23 | €2,385 | €703 | -€1,682 | -70.5% |
| Furniture and vehicles | 24 | €3,389 | €2,978 | -€410 | -12.1% |
| Other tangible fixed assets | 26 | €4,559 | €4,012 | -€547 | -12.0% |
| Current assets | 29/58 | €40,302 | €30,568 | -€9,734 | -24.2% |
| Amounts receivable within one year | 40/41 | €31,577 | €28,986 | -€2,591 | -8.2% |
| Trade receivables | 40 | €1,239 | €686 | -€552 | -44.6% |
| Other amounts receivable | 41 | €30,338 | €28,299 | -€2,039 | -6.7% |
| Cash at bank and in hand | 54/58 | €7,860 | €951 | -€6,909 | -87.9% |
| Deferred charges and accrued income | 490/1 | €866 | €632 | -€234 | -27.0% |
| Total equity and liabilities | 10/49 | €50,635 | €38,261 | -€12,373 | -24.4% |
| Equity | 10/15 | €48,391 | €35,621 | -€12,769 | -26.4% |
| Contributions | 10/11 | €31,482 | €31,482 | = | 0.0% |
| Capital | 10 | €31,482 | €31,482 | = | 0.0% |
| Issued capital | 100 | €31,482 | €31,482 | = | 0.0% |
| Reserves | 13 | €16,908 | €4,139 | -€12,769 | -75.5% |
| Non-distributable reserves | 130/1 | €3,148 | €3,148 | = | 0.0% |
| Legal reserve | 130 | €3,148 | €3,148 | = | 0.0% |
| Distributable reserves | 133 | €13,760 | €991 | -€12,769 | -92.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,244 | €2,640 | +€396 | +17.7% |
| Amounts payable within one year | 42/48 | €2,244 | €2,640 | +€396 | +17.7% |
| Trade debts | 44 | €1,805 | €2,197 | +€392 | +21.7% |
| Suppliers | 440/4 | €1,805 | €2,197 | +€392 | +21.7% |
| Taxes, remuneration and social security | 45 | €439 | €444 | +€5 | +1.1% |
| Taxes | 450/3 | €439 | €444 | +€5 | +1.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,059 | €2,639 | -€9,420 | -78.1% |
| Other operating charges | 640/8 | €1,094 | €1,061 | -€33 | -3.0% |
| Non-recurring operating charges | 66A | - | €552 | +€552 | |
| Gross operating margin | 9900 | -€4,655 | -€10,018 | -€5,363 | -115% |
| Operating profit (loss) | 9901 | -€17,808 | -€14,271 | +€3,537 | +19.9% |
| Financial income | 75/76B | €1,075 | €1,869 | +€793 | +73.8% |
| Recurring financial income | 75 | €1,075 | €1,869 | +€793 | +73.8% |
| Financial charges | 65/66B | €65 | €74 | +€9 | +13.3% |
| Recurring financial charges | 65 | €65 | €74 | +€9 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,798 | -€12,476 | +€4,322 | +25.7% |
| Income taxes | 67/77 | €289 | €294 | +€5 | +1.6% |
| Profit (loss) for the period | 9904 | -€17,087 | -€12,769 | +€4,317 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,087 | -€12,769 | +€4,317 | +25.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.