COUVENT L.: 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.
COUVENT L.
Largest movements
- Stocks and contracts +€41,463
new in 2025: €41,463
- Receivables within one year +€33,108
up €33,108 (+42.8%), from €77,376 to €110,483
of which Trade receivables: +€37,225
- Tangible fixed assets -€15,456
down €15,456 (-2.5%), from €607,030 to €591,574
of which Land and buildings: -€8,558
- Deferred charges and accrued income -€7,902
down €7,902 (-92.1%), from €8,581 to €679
- Trade debts +€93,514
up €93,514 (+12,528%), from €746 to €94,260
- Debts after one year -€76,874
down €76,874 (-15.0%), from €513,763 to €436,889
of which Other amounts payable: -€50,225
- Other debts +€36,990
up €36,990 (+325%), from €11,383 to €48,373
- Short-term financial debts +€25,000
new in 2025: €25,000
- Current portion of long-term debt -€13,459
down €13,459 (-18.3%), from €73,501 to €60,042
- Gross operating margin +€8,269
up €8,269 (+20.5%), from €40,282 to €48,551
- Financial charges -€6,652
down €6,652 (-33.0%), from €20,173 to €13,521
- Depreciation +€2,257
up €2,257 (+7.3%), from €30,802 to €33,059
- Other operating charges -€707
down €707 (-31.4%), from €2,254 to €1,547
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 | €697,787 | €754,452 | +€56,665 | +8.1% |
| Fixed assets | 21/28 | €609,580 | €594,124 | -€15,456 | -2.5% |
| Tangible fixed assets | 22/27 | €607,030 | €591,574 | -€15,456 | -2.5% |
| Land and buildings | 22 | €543,642 | €535,084 | -€8,558 | -1.6% |
| Plant, machinery and equipment | 23 | €62,046 | €56,237 | -€5,809 | -9.4% |
| Furniture and vehicles | 24 | €1,342 | €253 | -€1,089 | -81.1% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €88,208 | €160,328 | +€72,121 | +81.8% |
| Stocks and contracts in progress | 3 | - | €41,463 | +€41,463 | |
| Stocks | 30/36 | - | €41,463 | +€41,463 | |
| Amounts receivable within one year | 40/41 | €77,376 | €110,483 | +€33,108 | +42.8% |
| Trade receivables | 40 | €73,042 | €110,267 | +€37,225 | +51.0% |
| Other amounts receivable | 41 | €4,334 | €217 | -€4,117 | -95.0% |
| Cash at bank and in hand | 54/58 | €2,251 | €7,703 | +€5,452 | +242% |
| Deferred charges and accrued income | 490/1 | €8,581 | €679 | -€7,902 | -92.1% |
| Total equity and liabilities | 10/49 | €697,787 | €754,452 | +€56,665 | +8.1% |
| Equity | 10/15 | €89,304 | €89,888 | +€584 | +0.7% |
| Contributions | 10/11 | €83,587 | €83,587 | = | 0.0% |
| Reserves | 13 | €4,142 | €6,000 | +€1,858 | +44.9% |
| Distributable reserves | 133 | €4,142 | €6,000 | +€1,858 | +44.9% |
| Profit (loss) carried forward | 14 | €1,576 | €301 | -€1,274 | -80.9% |
| Amounts payable | 17/49 | €608,483 | €664,564 | +€56,081 | +9.2% |
| Amounts payable after more than one year | 17 | €513,763 | €436,889 | -€76,874 | -15.0% |
| Financial debts | 170/4 | €463,538 | €436,889 | -€26,649 | -5.7% |
| Other amounts payable | 178/9 | €50,225 | - | -€50,225 | |
| Amounts payable within one year | 42/48 | €94,720 | €227,675 | +€132,955 | +140% |
| Current portion of amounts payable after more than one year | 42 | €73,501 | €60,042 | -€13,459 | -18.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €746 | €94,260 | +€93,514 | +12,528% |
| Suppliers | 440/4 | €746 | €94,260 | +€93,514 | +12,528% |
| Taxes, remuneration and social security | 45 | €9,090 | - | -€9,090 | |
| Taxes | 450/3 | €9,090 | - | -€9,090 | |
| Other amounts payable | 47/48 | €11,383 | €48,373 | +€36,990 | +325% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,802 | €33,059 | +€2,257 | +7.3% |
| Other operating charges | 640/8 | €2,254 | €1,547 | -€707 | -31.4% |
| Gross operating margin | 9900 | €40,282 | €48,551 | +€8,269 | +20.5% |
| Operating profit (loss) | 9901 | €7,225 | €13,945 | +€6,720 | +93.0% |
| Financial income | 75/76B | €16 | €159 | +€143 | +867% |
| Recurring financial income | 75 | €16 | €159 | +€143 | +867% |
| Financial charges | 65/66B | €20,173 | €13,521 | -€6,652 | -33.0% |
| Recurring financial charges | 65 | €20,173 | €13,521 | -€6,652 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,931 | €584 | +€13,515 | |
| Profit (loss) for the period | 9904 | -€12,931 | €584 | +€13,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,931 | €584 | +€13,515 |
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 17 October 2026 via checked.be.