COUVER: 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.
COUVER
Largest movements
- Tangible fixed assets +€596,017
up €596,017 (+69.4%), from €858,350 to €1.5m
of which Land and buildings: +€601,286
- Cash -€108,792
down €108,792 (-99.2%), from €109,686 to €894
mainly Investment in fixed assets (net) (-€763,046) and Receivables within one year (-€99,331)
- Receivables within one year +€99,331
up €99,331 (+37.2%), from €267,036 to €366,368
of which Other amounts receivable: +€64,555
- Deferred charges and accrued income -€44,124
no longer reported in 2024 (was €44,124)
- Debts after one year +€330,152
up €330,152 (+65.6%), from €503,098 to €833,250
- Reserves +€91,518
up €91,518 (+34.9%), from €262,180 to €353,698
- Trade debts +€85,952
up €85,952 (+788%), from €10,906 to €96,858
- Other debts +€41,127
up €41,127 (+30.5%), from €134,905 to €176,032
- Tax, wage and social debts -€29,125
down €29,125 (-73.2%), from €39,767 to €10,643
of which Taxes: -€27,713
- Depreciation +€90,712
up €90,712 (+119%), from €76,317 to €167,029
- Gross operating margin +€46,738
up €46,738 (+13.9%), from €337,094 to €383,832
- Taxes -€30,464
down €30,464 (-50.2%), from €60,644 to €30,181
- Financial charges +€10,965
up €10,965 (+69.0%), from €15,884 to €26,849
- Staff costs -€4,319
down €4,319 (-6.8%), from €63,589 to €59,269
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,279,496 | €1,821,929 | +€542,433 | +42.4% |
| Fixed assets | 21/28 | €858,650 | €1,454,667 | +€596,017 | +69.4% |
| Tangible fixed assets | 22/27 | €858,350 | €1,454,367 | +€596,017 | +69.4% |
| Land and buildings | 22 | €840,544 | €1,441,830 | +€601,286 | +71.5% |
| Furniture and vehicles | 24 | €17,805 | €12,537 | -€5,268 | -29.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €420,847 | €367,262 | -€53,585 | -12.7% |
| Amounts receivable within one year | 40/41 | €267,036 | €366,368 | +€99,331 | +37.2% |
| Trade receivables | 40 | €96,378 | €131,155 | +€34,777 | +36.1% |
| Other amounts receivable | 41 | €170,658 | €235,213 | +€64,555 | +37.8% |
| Cash at bank and in hand | 54/58 | €109,686 | €894 | -€108,792 | -99.2% |
| Deferred charges and accrued income | 490/1 | €44,124 | - | -€44,124 | |
| Total equity and liabilities | 10/49 | €1,279,496 | €1,821,929 | +€542,433 | +42.4% |
| Equity | 10/15 | €462,180 | €553,698 | +€91,518 | +19.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €262,180 | €353,698 | +€91,518 | +34.9% |
| Distributable reserves | 133 | €262,180 | €353,698 | +€91,518 | +34.9% |
| Amounts payable | 17/49 | €817,316 | €1,268,231 | +€450,915 | +55.2% |
| Amounts payable after more than one year | 17 | €503,098 | €833,250 | +€330,152 | +65.6% |
| Financial debts | 170/4 | €503,098 | €833,250 | +€330,152 | +65.6% |
| Amounts payable within one year | 42/48 | €314,218 | €434,980 | +€120,763 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €128,639 | €151,447 | +€22,808 | +17.7% |
| Trade debts | 44 | €10,906 | €96,858 | +€85,952 | +788% |
| Suppliers | 440/4 | €10,906 | €96,858 | +€85,952 | +788% |
| Taxes, remuneration and social security | 45 | €39,767 | €10,643 | -€29,125 | -73.2% |
| Taxes | 450/3 | €27,894 | €181 | -€27,713 | -99.4% |
| Remuneration and social security | 454/9 | €11,873 | €10,462 | -€1,411 | -11.9% |
| Other amounts payable | 47/48 | €134,905 | €176,032 | +€41,127 | +30.5% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €63,589 | €59,269 | -€4,319 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,317 | €167,029 | +€90,712 | +119% |
| Other operating charges | 640/8 | €5,998 | €8,936 | +€2,938 | +49.0% |
| Non-recurring operating charges | 66A | - | €51 | +€51 | |
| Gross operating margin | 9900 | €337,094 | €383,832 | +€46,738 | +13.9% |
| Operating profit (loss) | 9901 | €191,191 | €148,548 | -€42,643 | -22.3% |
| Financial income | 75/76B | €444 | - | -€444 | |
| Recurring financial income | 75 | €444 | - | -€444 | |
| Financial charges | 65/66B | €15,884 | €26,849 | +€10,965 | +69.0% |
| Recurring financial charges | 65 | €15,884 | €26,849 | +€10,965 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €175,751 | €121,698 | -€54,052 | -30.8% |
| Income taxes | 67/77 | €60,644 | €30,181 | -€30,464 | -50.2% |
| Profit (loss) for the period | 9904 | €115,106 | €91,518 | -€23,588 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,106 | €91,518 | -€23,588 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.