COUVIE: 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.
COUVIE
Largest movements
- Cash +€25,759
up €25,759 (+29.6%), from €87,097 to €112,856
mainly Net result for the year (+€19,082) and Depreciation (+€11,841)
- Tangible fixed assets -€11,404
down €11,404 (-40.6%), from €28,103 to €16,699
- Receivables within one year +€2,823
new in 2025: €2,823
of which Other amounts receivable: +€2,362
- Reserves +€19,082
up €19,082 (+21.0%), from €90,816 to €109,898
- Accrued charges and deferred income -€2,990
no longer reported in 2025 (was €2,990)
- Gross operating margin +€8,977
up €8,977 (+10.9%), from €82,401 to €91,378
- Staff costs +€4,897
up €4,897 (+10.3%), from €47,407 to €52,304
- Taxes +€1,160
up €1,160 (+26.1%), from €4,436 to €5,596
- Other operating charges -€1,018
down €1,018 (-40.4%), from €2,519 to €1,501
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 | €120,193 | €137,058 | +€16,865 | +14.0% |
| Fixed assets | 21/28 | €28,103 | €16,699 | -€11,404 | -40.6% |
| Tangible fixed assets | 22/27 | €28,103 | €16,699 | -€11,404 | -40.6% |
| Plant, machinery and equipment | 23 | €9,474 | €5,748 | -€3,725 | -39.3% |
| Furniture and vehicles | 24 | €8,244 | €5,166 | -€3,079 | -37.3% |
| Other tangible fixed assets | 26 | €10,385 | €5,785 | -€4,600 | -44.3% |
| Current assets | 29/58 | €92,091 | €120,359 | +€28,269 | +30.7% |
| Stocks and contracts in progress | 3 | €1,977 | €1,375 | -€601 | -30.4% |
| Stocks | 30/36 | €1,977 | €1,375 | -€601 | -30.4% |
| Amounts receivable within one year | 40/41 | - | €2,823 | +€2,823 | |
| Trade receivables | 40 | - | €460 | +€460 | |
| Other amounts receivable | 41 | - | €2,362 | +€2,362 | |
| Cash at bank and in hand | 54/58 | €87,097 | €112,856 | +€25,759 | +29.6% |
| Deferred charges and accrued income | 490/1 | €3,017 | €3,306 | +€289 | +9.6% |
| Total equity and liabilities | 10/49 | €120,193 | €137,058 | +€16,865 | +14.0% |
| Equity | 10/15 | €95,816 | €114,898 | +€19,082 | +19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,816 | €109,898 | +€19,082 | +21.0% |
| Distributable reserves | 133 | €90,816 | €109,898 | +€19,082 | +21.0% |
| Amounts payable | 17/49 | €24,378 | €22,161 | -€2,217 | -9.1% |
| Amounts payable within one year | 42/48 | €21,388 | €22,161 | +€773 | +3.6% |
| Trade debts | 44 | €4,827 | €4,829 | +€2 | +0.1% |
| Suppliers | 440/4 | €4,827 | €4,829 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €16,177 | €16,840 | +€663 | +4.1% |
| Taxes | 450/3 | €10,132 | €10,580 | +€448 | +4.4% |
| Remuneration and social security | 454/9 | €6,045 | €6,260 | +€216 | +3.6% |
| Other amounts payable | 47/48 | €384 | €491 | +€107 | +28.0% |
| Accrued charges and deferred income | 492/3 | €2,990 | - | -€2,990 | |
| Remuneration, social security and pensions | 62 | €47,407 | €52,304 | +€4,897 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,768 | €11,841 | +€73 | +0.6% |
| Other operating charges | 640/8 | €2,519 | €1,501 | -€1,018 | -40.4% |
| Gross operating margin | 9900 | €82,401 | €91,378 | +€8,977 | +10.9% |
| Operating profit (loss) | 9901 | €20,707 | €25,732 | +€5,025 | +24.3% |
| Financial income | 75/76B | €10 | €2 | -€8 | -80.7% |
| Recurring financial income | 75 | €10 | €2 | -€8 | -80.7% |
| Financial charges | 65/66B | €710 | €1,056 | +€346 | +48.8% |
| Recurring financial charges | 65 | €710 | €1,056 | +€346 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €20,008 | €24,678 | +€4,670 | +23.3% |
| Income taxes | 67/77 | €4,436 | €5,596 | +€1,160 | +26.1% |
| Profit (loss) for the period | 9904 | €15,571 | €19,082 | +€3,510 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,571 | €19,082 | +€3,510 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.