CO-VERSATILE: 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-VERSATILE
Largest movements
- Cash +€61,801
up €61,801 (+104%), from €59,336 to €121,137
mainly Net result for the year (+€62,959) and Debts after one year (+€23,954)
- Tangible fixed assets +€40,029
up €40,029 (+1,985%), from €2,017 to €42,046
of which Leasing and similar rights: +€40,535
- Receivables within one year +€12,802
up €12,802 (+39.4%), from €32,474 to €45,276
of which Other amounts receivable: +€12,802
- Reserves +€62,950
up €62,950 (+77.3%), from €81,400 to €144,350
- Debts after one year +€23,954
new in 2025: €23,954
- Tax, wage and social debts +€17,905
up €17,905 (+163%), from €10,988 to €28,894
- Current portion of long-term debt +€9,705
new in 2025: €9,705
- Gross operating margin +€59,992
up €59,992 (+203%), from €29,585 to €89,577
- Taxes +€10,576
up €10,576 (+162%), from €6,546 to €17,122
- Depreciation +€7,151
up €7,151 (+504%), from €1,418 to €8,570
- Other operating charges +€1,948
new in 2025: €1,948
- Financial income +€1,342
up €1,342 (+90.2%), from €1,489 to €2,831
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 | €96,607 | €211,191 | +€114,584 | +119% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,292 | €42,906 | +€39,613 | +1,203% |
| Intangible fixed assets | 21 | €1,276 | €610 | -€666 | -52.2% |
| Tangible fixed assets | 22/27 | €2,017 | €42,046 | +€40,029 | +1,985% |
| Furniture and vehicles | 24 | €2,017 | €1,511 | -€506 | -25.1% |
| Leasing and similar rights | 25 | - | €40,535 | +€40,535 | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €93,315 | €168,285 | +€74,971 | +80.3% |
| Amounts receivable within one year | 40/41 | €32,474 | €45,276 | +€12,802 | +39.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €32,474 | €45,276 | +€12,802 | +39.4% |
| Cash at bank and in hand | 54/58 | €59,336 | €121,137 | +€61,801 | +104% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,872 | +€368 | +24.5% |
| Total equity and liabilities | 10/49 | €96,607 | €211,191 | +€114,584 | +119% |
| Equity | 10/15 | €84,413 | €147,372 | +€62,959 | +74.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,400 | €144,350 | +€62,950 | +77.3% |
| Distributable reserves | 133 | €81,400 | €144,350 | +€62,950 | +77.3% |
| Profit (loss) carried forward | 14 | €13 | €22 | +€9 | +65.7% |
| Amounts payable | 17/49 | €12,194 | €63,819 | +€51,625 | +423% |
| Amounts payable after more than one year | 17 | - | €23,954 | +€23,954 | |
| Financial debts | 170/4 | - | €23,954 | +€23,954 | |
| Amounts payable within one year | 42/48 | €12,194 | €39,865 | +€27,671 | +227% |
| Current portion of amounts payable after more than one year | 42 | - | €9,705 | +€9,705 | |
| Trade debts | 44 | €1,206 | €1,266 | +€60 | +5.0% |
| Suppliers | 440/4 | €1,206 | €1,266 | +€60 | +5.0% |
| Taxes, remuneration and social security | 45 | €10,988 | €28,894 | +€17,905 | +163% |
| Taxes | 450/3 | €10,988 | €28,894 | +€17,905 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,418 | €8,570 | +€7,151 | +504% |
| Other operating charges | 640/8 | - | €1,948 | +€1,948 | |
| Gross operating margin | 9900 | €29,585 | €89,577 | +€59,992 | +203% |
| Operating profit (loss) | 9901 | €28,166 | €79,059 | +€50,893 | +181% |
| Financial income | 75/76B | €1,489 | €2,831 | +€1,342 | +90.2% |
| Recurring financial income | 75 | €1,489 | €2,831 | +€1,342 | +90.2% |
| Financial charges | 65/66B | €2,329 | €1,809 | -€520 | -22.3% |
| Recurring financial charges | 65 | €2,329 | €1,809 | -€520 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €27,326 | €80,080 | +€52,755 | +193% |
| Income taxes | 67/77 | €6,546 | €17,122 | +€10,576 | +162% |
| Profit (loss) for the period | 9904 | €20,780 | €62,959 | +€42,179 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €20,780 | €62,959 | +€42,179 | +203% |
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.