Co-Valent: 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.
Co-Valent
Largest movements
- Receivables within one year +€316,004
up €316,004 (+88.9%), from €355,352 to €671,355
- Cash -€196,994
down €196,994 (-84.1%), from €234,125 to €37,131
- Deferred charges and accrued income -€32,567
down €32,567 (-30.6%), from €106,519 to €73,952
- Debts within one year +€86,443
up €86,443 (+12.4%), from €695,996 to €782,438
- Other operating charges -€81,814
down €81,814 (-100%), from €81,814 to €0
- Gross operating margin -€77,219
down €77,219 (-9.1%), from €851,182 to €773,963
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €695,996 | €782,438 | +€86,443 | +12.4% |
| Current assets | 29/58 | €695,996 | €782,438 | +€86,443 | +12.4% |
| Amounts receivable within one year | 40/41 | €355,352 | €671,355 | +€316,004 | +88.9% |
| Other amounts receivable | 41 | €355,352 | €671,355 | +€316,004 | +88.9% |
| Cash at bank and in hand | 54/58 | €234,125 | €37,131 | -€196,994 | -84.1% |
| Deferred charges and accrued income | 490/1 | €106,519 | €73,952 | -€32,567 | -30.6% |
| Total equity and liabilities | 10/49 | €695,996 | €782,438 | +€86,443 | +12.4% |
| Amounts payable | 17/49 | €695,996 | €782,438 | +€86,443 | +12.4% |
| Amounts payable within one year | 42/48 | €695,996 | €782,438 | +€86,443 | +12.4% |
| Trade debts | 44 | €133,835 | €103,528 | -€30,307 | -22.6% |
| Suppliers | 440/4 | €133,835 | €103,528 | -€30,307 | -22.6% |
| Taxes, remuneration and social security | 45 | €62,161 | €79,804 | +€17,643 | +28.4% |
| Taxes | 450/3 | €2,536 | €2,309 | -€227 | -9.0% |
| Remuneration and social security | 454/9 | €59,625 | €77,495 | +€17,871 | +30.0% |
| Remuneration, social security and pensions | 62 | €767,978 | €772,283 | +€4,305 | +0.6% |
| Other operating charges | 640/8 | €81,814 | €0 | -€81,814 | -100% |
| Gross operating margin | 9900 | €851,182 | €773,963 | -€77,219 | -9.1% |
| Operating profit (loss) | 9901 | €1,390 | €1,680 | +€289 | +20.8% |
| Financial income | 75/76B | €244 | €6 | -€238 | -97.5% |
| Recurring financial income | 75 | €244 | €6 | -€238 | -97.5% |
| Financial charges | 65/66B | €471 | €540 | +€68 | +14.5% |
| Recurring financial charges | 65 | €471 | €540 | +€68 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,163 | €1,146 | -€17 | -1.4% |
| Income taxes | 67/77 | €1,163 | €1,146 | -€17 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.