Co.Ve.Bouw: 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.Ve.Bouw
Largest movements
- Cash +€40,614
up €40,614 (+64.2%), from €63,281 to €103,894
mainly Net result for the year (+€71,178) and Receivables after one year (+€35,881)
- Receivables after one year -€35,881
down €35,881 (-100%), from €35,881 to €0
- Receivables within one year -€22,820
down €22,820 (-41.4%), from €55,107 to €32,286
of which Other amounts receivable: -€19,401
- Tangible fixed assets -€9,563
down €9,563 (-39.7%), from €24,087 to €14,524
of which Furniture and vehicles: -€11,046
- Reserves -€34,944
down €34,944 (-21.5%), from €162,230 to €127,286
- Tax, wage and social debts +€13,494
up €13,494 (+79.6%), from €16,954 to €30,448
of which Taxes: +€13,494
- Other debts -€7,873
down €7,873 (-19.5%), from €40,420 to €32,546
- Gross operating margin +€12,309
up €12,309 (+12.7%), from €96,548 to €108,856
- Taxes +€6,850
up €6,850 (+33.7%), from €20,313 to €27,163
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 | €230,530 | €202,855 | -€27,675 | -12.0% |
| Fixed assets | 21/28 | €24,087 | €14,524 | -€9,563 | -39.7% |
| Tangible fixed assets | 22/27 | €24,087 | €14,524 | -€9,563 | -39.7% |
| Plant, machinery and equipment | 23 | - | €1,484 | +€1,484 | |
| Furniture and vehicles | 24 | €24,087 | €13,040 | -€11,046 | -45.9% |
| Current assets | 29/58 | €206,443 | €188,331 | -€18,112 | -8.8% |
| Amounts receivable after more than one year | 29 | €35,881 | €0 | -€35,881 | -100% |
| Other amounts receivable | 291 | €35,881 | €0 | -€35,881 | -100% |
| Amounts receivable within one year | 40/41 | €55,107 | €32,286 | -€22,820 | -41.4% |
| Trade receivables | 40 | €35,706 | €32,286 | -€3,419 | -9.6% |
| Other amounts receivable | 41 | €19,401 | €0 | -€19,401 | -100% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,281 | €103,894 | +€40,614 | +64.2% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,151 | -€25 | -1.1% |
| Total equity and liabilities | 10/49 | €230,530 | €202,855 | -€27,675 | -12.0% |
| Equity | 10/15 | €169,979 | €135,035 | -€34,944 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €162,230 | €127,286 | -€34,944 | -21.5% |
| Distributable reserves | 133 | €162,230 | €127,286 | -€34,944 | -21.5% |
| Profit (loss) carried forward | 14 | €1,549 | €1,549 | = | 0.0% |
| Amounts payable | 17/49 | €60,552 | €67,821 | +€7,269 | +12.0% |
| Amounts payable within one year | 42/48 | €60,552 | €66,852 | +€6,300 | +10.4% |
| Trade debts | 44 | €3,178 | €3,858 | +€680 | +21.4% |
| Suppliers | 440/4 | €3,178 | €3,858 | +€680 | +21.4% |
| Taxes, remuneration and social security | 45 | €16,954 | €30,448 | +€13,494 | +79.6% |
| Taxes | 450/3 | €13,582 | €27,076 | +€13,494 | +99.3% |
| Remuneration and social security | 454/9 | €3,372 | €3,372 | = | 0.0% |
| Other amounts payable | 47/48 | €40,420 | €32,546 | -€7,873 | -19.5% |
| Accrued charges and deferred income | 492/3 | - | €969 | +€969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,046 | €11,129 | +€83 | +0.8% |
| Other operating charges | 640/8 | €1,049 | €1,005 | -€44 | -4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,548 | €108,856 | +€12,309 | +12.7% |
| Operating profit (loss) | 9901 | €84,452 | €96,722 | +€12,270 | +14.5% |
| Financial income | 75/76B | €1,657 | €1,981 | +€324 | +19.5% |
| Recurring financial income | 75 | €1,657 | €1,981 | +€324 | +19.5% |
| Financial charges | 65/66B | €125 | €361 | +€237 | +190% |
| Recurring financial charges | 65 | €125 | €361 | +€237 | +190% |
| Profit (loss) for the period before taxes | 9903 | €85,984 | €98,341 | +€12,357 | +14.4% |
| Income taxes | 67/77 | €20,313 | €27,163 | +€6,850 | +33.7% |
| Profit (loss) for the period | 9904 | €65,672 | €71,178 | +€5,506 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,672 | €71,178 | +€5,506 | +8.4% |
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 27 October 2026 via checked.be.