COUVERCO: what changed
Two fiscal 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.
What changed
COUVERCO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52,076
2024 · €48,720+€3,356
Equity
€851,690
2024 · €809,114+€42,576
Cash
€25,097
2024 · €13,850+€11,247
Balance sheet total
€1.2m
2024 · €1.3m-€180,098
Largest movements
Assets
- Current investments -€89,220
down €89,220 (-87.6%), from €101,860 to €12,640
- Tangible fixed assets -€61,731
down €61,731 (-9.8%), from €626,784 to €565,054
- Receivables within one year -€40,510
down €40,510 (-23.0%), from €176,372 to €135,862
of which Trade receivables: -€40,516
Equity and liabilities
- Other debts -€129,034
down €129,034 (-49.6%), from €260,334 to €131,300
- Debts after one year -€69,606
down €69,606 (-100.0%), from €69,606 to €0
- Reserves +€42,576
up €42,576 (+8.5%), from €501,114 to €543,690
of which Distributable reserves: +€42,576
- Tax, wage and social debts -€14,897
down €14,897 (-50.1%), from €29,742 to €14,845
Income statement
- Gross operating margin +€3,943
up €3,943 (+2.4%), from €166,196 to €170,139
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.
Result 2024
€48,720
Gross operating margin
+€3,943
Depreciation
+€0
Other operating charges
-€800
Financial income
+€269
Financial charges
-€140
Taxes
+€85
Result 2025
€52,076
Cash bridge derived
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.
From operations
+€14,330
Investment
+€89,220
Financing
-€92,304
Cash 2024
€13,850
From operations (derived)
+€14,330
Net result for the year
+€52,076
Depreciation
+€61,731
Receivables within one year
+€40,510
Deferred charges and accrued income
-€116
Trade debts
-€1,801
Tax, wage and social debts
-€14,897
Other debts
-€129,034
Accrued charges and deferred income
+€5,861
Investment (derived)
+€89,220
Current investments
+€89,220
Financing
-€92,304
Debts after one year
-€69,606
Current portion of long-term debt
-€13,197
Contributions, distributions and other
-€9,500
Cash 2025
€25,097
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,334,093 | €1,153,994 | -€180,098 | -13.5% |
| Fixed assets | 21/28 | €1,037,794 | €976,063 | -€61,731 | -5.9% |
| Tangible fixed assets | 22/27 | €626,784 | €565,054 | -€61,731 | -9.8% |
| Land and buildings | 22 | €531,906 | €514,460 | -€17,446 | -3.3% |
| Plant, machinery and equipment | 23 | €60,270 | €30,657 | -€29,613 | -49.1% |
| Furniture and vehicles | 24 | €34,609 | €19,937 | -€14,672 | -42.4% |
| Financial fixed assets | 28 | €411,010 | €411,010 | = | 0.0% |
| Current assets | 29/58 | €296,298 | €177,931 | -€118,367 | -39.9% |
| Amounts receivable within one year | 40/41 | €176,372 | €135,862 | -€40,510 | -23.0% |
| Trade receivables | 40 | €176,315 | €135,798 | -€40,516 | -23.0% |
| Other amounts receivable | 41 | €57 | €63 | +€6 | +11.2% |
| Current investments | 50/53 | €101,860 | €12,640 | -€89,220 | -87.6% |
| Cash at bank and in hand | 54/58 | €13,850 | €25,097 | +€11,247 | +81.2% |
| Deferred charges and accrued income | 490/1 | €4,217 | €4,333 | +€116 | +2.8% |
| Total equity and liabilities | 10/49 | €1,334,093 | €1,153,994 | -€180,098 | -13.5% |
| Equity | 10/15 | €809,114 | €851,690 | +€42,576 | +5.3% |
| Contributions | 10/11 | €308,000 | €308,000 | = | 0.0% |
| Reserves | 13 | €501,114 | €543,690 | +€42,576 | +8.5% |
| Non-distributable reserves | 130/1 | €5,694 | €5,694 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,694 | €5,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €485,920 | €528,496 | +€42,576 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €47,532 | €47,532 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,532 | €47,532 | = | 0.0% |
| Pensions and similar obligations | 160 | €47,532 | €47,532 | = | 0.0% |
| Amounts payable | 17/49 | €477,447 | €254,772 | -€222,674 | -46.6% |
| Amounts payable after more than one year | 17 | €69,606 | €0 | -€69,606 | -100.0% |
| Financial debts | 170/4 | €69,606 | €0 | -€69,606 | -100.0% |
| Amounts payable within one year | 42/48 | €379,159 | €220,230 | -€158,929 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €82,804 | €69,606 | -€13,197 | -15.9% |
| Trade debts | 44 | €6,279 | €4,478 | -€1,801 | -28.7% |
| Suppliers | 440/4 | €6,279 | €4,478 | -€1,801 | -28.7% |
| Taxes, remuneration and social security | 45 | €29,742 | €14,845 | -€14,897 | -50.1% |
| Taxes | 450/3 | €29,742 | €14,845 | -€14,897 | -50.1% |
| Other amounts payable | 47/48 | €260,334 | €131,300 | -€129,034 | -49.6% |
| Accrued charges and deferred income | 492/3 | €28,681 | €34,542 | +€5,861 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,731 | €61,731 | -€0 | 0.0% |
| Other operating charges | 640/8 | €24,090 | €24,890 | +€800 | +3.3% |
| Gross operating margin | 9900 | €166,196 | €170,139 | +€3,943 | +2.4% |
| Operating profit (loss) | 9901 | €80,375 | €83,518 | +€3,142 | +3.9% |
| Financial income | 75/76B | €845 | €1,114 | +€269 | +31.9% |
| Recurring financial income | 75 | €845 | €1,114 | +€269 | +31.9% |
| Financial charges | 65/66B | €16,024 | €16,164 | +€140 | +0.9% |
| Recurring financial charges | 65 | €16,024 | €16,164 | +€140 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €65,196 | €68,468 | +€3,272 | +5.0% |
| Income taxes | 67/77 | €16,476 | €16,392 | -€85 | -0.5% |
| Profit (loss) for the period | 9904 | €48,720 | €52,076 | +€3,356 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,720 | €52,076 | +€3,356 | +6.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.