COUVIN TELECOM: 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.
COUVIN TELECOM
Largest movements
- Receivables within one year +€17,239
up €17,239 (+77.4%), from €22,277 to €39,516
of which Trade receivables: +€17,309
- Tangible fixed assets -€8,523
down €8,523 (-74.3%), from €11,472 to €2,949
- Cash -€4,291
down €4,291 (-8.3%), from €51,972 to €47,681
mainly Trade debts (-€18,844) and Receivables within one year (-€17,239)
- Stocks and contracts +€1,783
up €1,783 (+8.9%), from €20,008 to €21,791
- Trade debts -€18,844
down €18,844 (-91.6%), from €20,566 to €1,721
- Tax, wage and social debts +€15,936
up €15,936 (+233.7%), from €6,820 to €22,756
of which Taxes: +€15,646
- Profit (loss) carried forward +€8,916
up €8,916 (+12.3%), from €72,344 to €81,260
- Turnover -€44,000
down €44,000 (-17.3%), from €254,491 to €210,491
- Purchases and services -€38,995
down €38,995 (-24.7%), from €157,795 to €118,800
- Taxes +€8,694
up €8,694 (+190.3%), from €4,568 to €13,262
- Staff costs +€6,099
up €6,099 (+14.9%), from €40,933 to €47,032
- Gross operating margin -€5,005
down €5,005 (-5.2%), from €96,696 to €91,691
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,730 | €111,937 | +€6,207 | +5.9% |
| Fixed assets | 21/28 | €11,472 | €2,949 | -€8,523 | -74.3% |
| Tangible fixed assets | 22/27 | €11,472 | €2,949 | -€8,523 | -74.3% |
| Furniture and vehicles | 24 | €11,472 | €2,949 | -€8,523 | -74.3% |
| Current assets | 29/58 | €94,257 | €108,988 | +€14,731 | +15.6% |
| Stocks and contracts in progress | 3 | €20,008 | €21,791 | +€1,783 | +8.9% |
| Stocks | 30/36 | €20,008 | €21,791 | +€1,783 | +8.9% |
| Amounts receivable within one year | 40/41 | €22,277 | €39,516 | +€17,239 | +77.4% |
| Trade receivables | 40 | €22,207 | €39,516 | +€17,309 | +77.9% |
| Other amounts receivable | 41 | €70 | - | -€70 | |
| Cash at bank and in hand | 54/58 | €51,972 | €47,681 | -€4,291 | -8.3% |
| Total equity and liabilities | 10/49 | €105,730 | €111,937 | +€6,207 | +5.9% |
| Equity | 10/15 | €78,344 | €87,260 | +€8,916 | +11.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,344 | €81,260 | +€8,916 | +12.3% |
| Amounts payable | 17/49 | €27,385 | €24,677 | -€2,709 | -9.9% |
| Amounts payable within one year | 42/48 | €27,385 | €24,677 | -€2,709 | -9.9% |
| Trade debts | 44 | €20,566 | €1,721 | -€18,844 | -91.6% |
| Suppliers | 440/4 | €20,566 | €1,721 | -€18,844 | -91.6% |
| Taxes, remuneration and social security | 45 | €6,820 | €22,756 | +€15,936 | +233.7% |
| Taxes | 450/3 | €6,086 | €21,732 | +€15,646 | +257.1% |
| Remuneration and social security | 454/9 | €734 | €1,024 | +€290 | +39.4% |
| Other amounts payable | 47/48 | - | €200 | +€200 | |
| Turnover | 70 | €254,491 | €210,491 | -€44,000 | -17.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,795 | €118,800 | -€38,995 | -24.7% |
| Remuneration, social security and pensions | 62 | €40,933 | €47,032 | +€6,099 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,064 | €8,523 | +€459 | +5.7% |
| Other operating charges | 640/8 | €1,739 | €1,915 | +€176 | +10.1% |
| Gross operating margin | 9900 | €96,696 | €91,691 | -€5,005 | -5.2% |
| Operating profit (loss) | 9901 | €45,960 | €34,221 | -€11,739 | -25.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €95 | €43 | -€52 | -54.7% |
| Recurring financial charges | 65 | €95 | €43 | -€52 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €45,865 | €34,178 | -€11,687 | -25.5% |
| Income taxes | 67/77 | €4,568 | €13,262 | +€8,694 | +190.3% |
| Profit (loss) for the period | 9904 | €41,297 | €20,916 | -€20,381 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,297 | €20,916 | -€20,381 | -49.4% |
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 7 October 2026 via checked.be.