COUVERKE: 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.
COUVERKE
Largest movements
- Cash +€28,075
up €28,075 (+32.2%), from €87,296 to €115,370
mainly Net result for the year (+€36,718) and Other debts (+€35,500)
- Tangible fixed assets +€10,064
up €10,064 (+101%), from €10,009 to €20,074
of which Land and buildings: +€10,669
- Receivables within one year -€5,505
down €5,505 (-15.0%), from €36,650 to €31,145
of which Trade receivables: -€7,379
- Stocks and contracts -€5,396
down €5,396 (-85.4%), from €6,320 to €924
- Deferred charges and accrued income +€5,349
up €5,349 (+1,306%), from €410 to €5,758
- Other debts +€35,500
up €35,500, from €0 to €35,500
- Trade debts -€2,697
down €2,697 (-42.0%), from €6,421 to €3,725
- Taxes +€3,481
up €3,481 (+49.8%), from €6,995 to €10,476
- Depreciation -€1,950
down €1,950 (-41.6%), from €4,689 to €2,738
- Gross operating margin +€1,434
up €1,434 (+2.9%), from €49,231 to €50,665
- Financial income +€838
up €838 (+443%), from €189 to €1,027
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 | €140,685 | €173,271 | +€32,586 | +23.2% |
| Fixed assets | 21/28 | €10,009 | €20,074 | +€10,064 | +101% |
| Tangible fixed assets | 22/27 | €10,009 | €20,074 | +€10,064 | +101% |
| Land and buildings | 22 | €2,225 | €12,894 | +€10,669 | +480% |
| Plant, machinery and equipment | 23 | €7,785 | €6,228 | -€1,557 | -20.0% |
| Furniture and vehicles | 24 | €0 | €952 | +€952 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €130,676 | €153,197 | +€22,522 | +17.2% |
| Stocks and contracts in progress | 3 | €6,320 | €924 | -€5,396 | -85.4% |
| Stocks | 30/36 | €6,320 | €924 | -€5,396 | -85.4% |
| Amounts receivable within one year | 40/41 | €36,650 | €31,145 | -€5,505 | -15.0% |
| Trade receivables | 40 | €19,898 | €12,519 | -€7,379 | -37.1% |
| Other amounts receivable | 41 | €16,752 | €18,626 | +€1,874 | +11.2% |
| Cash at bank and in hand | 54/58 | €87,296 | €115,370 | +€28,075 | +32.2% |
| Deferred charges and accrued income | 490/1 | €410 | €5,758 | +€5,349 | +1,306% |
| Total equity and liabilities | 10/49 | €140,685 | €173,271 | +€32,586 | +23.2% |
| Equity | 10/15 | €126,406 | €127,625 | +€1,218 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,830 | €109,025 | +€1,195 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,090 | €15,090 | = | 0.0% |
| Distributable reserves | 133 | €90,880 | €92,075 | +€1,195 | +1.3% |
| Profit (loss) carried forward | 14 | -€24 | €0 | +€24 | |
| Amounts payable | 17/49 | €14,279 | €45,646 | +€31,368 | +220% |
| Amounts payable within one year | 42/48 | €13,423 | €44,725 | +€31,302 | +233% |
| Trade debts | 44 | €6,421 | €3,725 | -€2,697 | -42.0% |
| Suppliers | 440/4 | €6,421 | €3,725 | -€2,697 | -42.0% |
| Taxes, remuneration and social security | 45 | €7,001 | €5,500 | -€1,501 | -21.4% |
| Taxes | 450/3 | €4,801 | €3,300 | -€1,501 | -31.3% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €35,500 | +€35,500 | |
| Accrued charges and deferred income | 492/3 | €856 | €921 | +€65 | +7.6% |
| Remuneration, social security and pensions | 62 | €33 | €62 | +€29 | +89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €2,738 | -€1,950 | -41.6% |
| Other operating charges | 640/8 | €1,690 | €1,547 | -€143 | -8.5% |
| Gross operating margin | 9900 | €49,231 | €50,665 | +€1,434 | +2.9% |
| Operating profit (loss) | 9901 | €42,819 | €46,317 | +€3,498 | +8.2% |
| Financial income | 75/76B | €189 | €1,027 | +€838 | +443% |
| Recurring financial income | 75 | €189 | €1,027 | +€838 | +443% |
| Financial charges | 65/66B | €114 | €150 | +€36 | +31.8% |
| Recurring financial charges | 65 | €114 | €150 | +€36 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €42,895 | €47,194 | +€4,299 | +10.0% |
| Income taxes | 67/77 | €6,995 | €10,476 | +€3,481 | +49.8% |
| Profit (loss) for the period | 9904 | €35,900 | €36,718 | +€818 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,900 | €36,718 | +€818 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.