Couvimo: 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
Couvimo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€302,774
2024 · -€91,486+€394,260
Equity
€2.6m
2024 · €2.3m+€302,774
Cash
€433,340
2024 · €99,507+€333,833
Balance sheet total
€3.2m
2024 · €2.9m+€340,375
Largest movements
Assets
- Cash +€333,833
up €333,833 (+335.5%), from €99,507 to €433,340
mainly Net result for the year (+€302,774) and Depreciation (+€147,721)
- Receivables within one year +€55,735
up €55,735 (+5.4%), from €1.0m to €1.1m
of which Trade receivables: +€49,861
- Tangible fixed assets -€44,789
down €44,789 (-2.5%), from €1.8m to €1.7m
of which Leasing and similar rights: -€30,318
Equity and liabilities
- Reserves +€418,875
up €418,875 (+141.6%), from €295,827 to €714,702
of which Tax-exempt reserves: +€418,875
- Provisions +€138,863
up €138,863 (+465.2%), from €29,851 to €168,714
- Debts after one year -€121,215
down €121,215 (-33.8%), from €358,589 to €237,374
of which Financial debts: -€116,020
- Profit (loss) carried forward -€116,102
down €116,102 (-17.4%), from €668,713 to €552,611
Income statement
- Other operating income +€335,470
up €335,470 (+234.2%), from €143,270 to €478,740
- Services and other goods -€94,354
down €94,354 (-31.1%), from €302,954 to €208,601
- Staff costs +€43,912
up €43,912 (+28.2%), from €155,446 to €199,358
- Turnover +€14,027
up €14,027 (+3.4%), from €413,334 to €427,360
- Write-downs -€10,950
down €10,950 (-100.0%), from €10,950 to €0
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
-€91,486
Turnover
+€14,027
Other operating income
+€335,470
Services and other goods
+€94,354
Staff costs
-€43,912
Depreciation
-€2,138
Write-downs
+€10,950
Other operating charges
+€5,099
Other operating items
+€147,773
Financial income
-€7,510
Financial charges
+€1,504
Taxes
-€145
Deferred taxes and other
-€161,210
Result 2025
€302,774
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
+€556,575
Investment
-€102,932
Financing
-€119,810
Cash 2024
€99,507
From operations (derived)
+€556,575
Net result for the year
+€302,774
Depreciation
+€147,721
Receivables within one year
-€55,735
Deferred charges and accrued income
+€4,404
Provisions
+€138,863
Trade debts
+€10,533
Tax, wage and social debts
+€7,990
Accrued charges and deferred income
+€25
Investment (derived)
-€102,932
Investment in fixed assets (net)
-€102,932
Financing
-€119,810
Debts after one year
-€121,215
Current portion of long-term debt
+€1,405
Cash 2025
€433,340
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,905,580 | €3,245,955 | +€340,375 | +11.7% |
| Fixed assets | 21/28 | €1,760,343 | €1,715,554 | -€44,789 | -2.5% |
| Tangible fixed assets | 22/27 | €1,760,343 | €1,715,554 | -€44,789 | -2.5% |
| Land and buildings | 22 | €1,613,728 | €1,600,011 | -€13,718 | -0.9% |
| Plant, machinery and equipment | 23 | €1,781 | €1,404 | -€378 | -21.2% |
| Furniture and vehicles | 24 | €23,034 | €22,658 | -€376 | -1.6% |
| Leasing and similar rights | 25 | €121,800 | €91,482 | -€30,318 | -24.9% |
| Current assets | 29/58 | €1,145,237 | €1,530,401 | +€385,164 | +33.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,038,755 | €1,094,490 | +€55,735 | +5.4% |
| Trade receivables | 40 | €387 | €50,247 | +€49,861 | +12899.9% |
| Other amounts receivable | 41 | €1,038,368 | €1,044,243 | +€5,874 | +0.6% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €99,507 | €433,340 | +€333,833 | +335.5% |
| Deferred charges and accrued income | 490/1 | €6,975 | €2,571 | -€4,404 | -63.1% |
| Total equity and liabilities | 10/49 | €2,905,580 | €3,245,955 | +€340,375 | +11.7% |
| Equity | 10/15 | €2,347,129 | €2,649,903 | +€302,774 | +12.9% |
| Contributions | 10/11 | €1,382,589 | €1,382,589 | = | 0.0% |
| Capital | 10 | €1,382,589 | €1,382,589 | = | 0.0% |
| Issued capital | 100 | €1,382,589 | €1,382,589 | = | 0.0% |
| Reserves | 13 | €295,827 | €714,702 | +€418,875 | +141.6% |
| Non-distributable reserves | 130/1 | €138,259 | €138,259 | = | 0.0% |
| Legal reserve | 130 | €138,259 | €138,259 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,554 | €508,429 | +€418,875 | +467.7% |
| Distributable reserves | 133 | €68,014 | €68,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €668,713 | €552,611 | -€116,102 | -17.4% |
| Provisions and deferred taxes | 16 | €29,851 | €168,714 | +€138,863 | +465.2% |
| Deferred taxes | 168 | €29,851 | €168,714 | +€138,863 | +465.2% |
| Amounts payable | 17/49 | €528,600 | €427,338 | -€101,262 | -19.2% |
| Amounts payable after more than one year | 17 | €358,589 | €237,374 | -€121,215 | -33.8% |
| Financial debts | 170/4 | €345,859 | €229,838 | -€116,020 | -33.5% |
| Leasing and similar obligations | 172 | €87,678 | €58,573 | -€29,105 | -33.2% |
| Credit institutions | 173 | €258,181 | €171,266 | -€86,915 | -33.7% |
| Other amounts payable | 178/9 | €12,731 | €7,536 | -€5,195 | -40.8% |
| Amounts payable within one year | 42/48 | €169,296 | €189,224 | +€19,929 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €114,615 | €116,020 | +€1,405 | +1.2% |
| Trade debts | 44 | €35,828 | €46,361 | +€10,533 | +29.4% |
| Suppliers | 440/4 | €35,828 | €46,361 | +€10,533 | +29.4% |
| Taxes, remuneration and social security | 45 | €18,852 | €26,843 | +€7,990 | +42.4% |
| Taxes | 450/3 | €3,860 | €1,173 | -€2,687 | -69.6% |
| Remuneration and social security | 454/9 | €14,992 | €25,669 | +€10,677 | +71.2% |
| Accrued charges and deferred income | 492/3 | €715 | €740 | +€25 | +3.5% |
| Operating income | 70/76A | €556,603 | €1,053,873 | +€497,270 | +89.3% |
| Turnover | 70 | €413,334 | €427,360 | +€14,027 | +3.4% |
| Other operating income | 74 | €143,270 | €478,740 | +€335,470 | +234.2% |
| Non-recurring operating income | 76A | - | €147,773 | +€147,773 | |
| Operating charges | 60/66A | €678,547 | €614,195 | -€64,352 | -9.5% |
| Services and other goods | 61 | €302,954 | €208,601 | -€94,354 | -31.1% |
| Remuneration, social security and pensions | 62 | €155,446 | €199,358 | +€43,912 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,583 | €147,721 | +€2,138 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,950 | €0 | -€10,950 | -100.0% |
| Other operating charges | 640/8 | €63,614 | €58,515 | -€5,099 | -8.0% |
| Operating profit (loss) | 9901 | -€121,943 | €439,678 | +€561,622 | |
| Financial income | 75/76B | €17,591 | €10,080 | -€7,510 | -42.7% |
| Recurring financial income | 75 | €17,591 | €10,080 | -€7,510 | -42.7% |
| Other financial income | 752/9 | €17,591 | €10,080 | -€7,510 | -42.7% |
| Financial charges | 65/66B | €9,064 | €7,560 | -€1,504 | -16.6% |
| Recurring financial charges | 65 | €9,064 | €7,560 | -€1,504 | -16.6% |
| Debt charges | 650 | €9,064 | €7,560 | -€1,505 | -16.6% |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€113,417 | €442,199 | +€555,615 | |
| Transfer from deferred taxes | 780 | €38,819 | €5,350 | -€33,469 | -86.2% |
| Transfer to deferred taxes | 680 | €16,472 | €144,213 | +€127,741 | +775.5% |
| Income taxes | 67/77 | €417 | €562 | +€145 | +34.9% |
| Taxes | 670/3 | €417 | €562 | +€145 | +34.9% |
| Profit (loss) for the period | 9904 | -€91,486 | €302,774 | +€394,260 | |
| Transfer from tax-exempt reserves | 789 | €116,457 | €13,762 | -€102,694 | -88.2% |
| Transfer to tax-exempt reserves | 689 | €49,415 | €432,638 | +€383,222 | +775.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,445 | -€116,102 | -€91,657 | -374.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.