COUVIREST: 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.
COUVIREST
Largest movements
- Receivables within one year -€2,216
down €2,216 (-8.8%), from €25,088 to €22,872
- Trade debts -€3,364
down €3,364 (-24.5%), from €13,736 to €10,373
- Tax, wage and social debts +€1,262
up €1,262 (+7.3%), from €17,286 to €18,548
of which Taxes: +€1,172
- Gross operating margin -€27,152
down €27,152 (-15.9%), from €170,919 to €143,767
- Staff costs -€8,254
down €8,254 (-6.0%), from €136,644 to €128,390
- Taxes -€2,686
down €2,686, from €2,542 to -€144
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,468 | €122,855 | -€1,613 | -1.3% |
| Fixed assets | 21/28 | €31,483 | €32,277 | +€794 | +2.5% |
| Tangible fixed assets | 22/27 | €31,483 | €32,277 | +€794 | +2.5% |
| Plant, machinery and equipment | 23 | €20,221 | €21,420 | +€1,199 | +5.9% |
| Other tangible fixed assets | 26 | €11,262 | €10,857 | -€405 | -3.6% |
| Current assets | 29/58 | €92,985 | €90,578 | -€2,407 | -2.6% |
| Stocks and contracts in progress | 3 | €17,662 | €17,662 | = | 0.0% |
| Stocks | 30/36 | €17,662 | €17,662 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,088 | €22,872 | -€2,216 | -8.8% |
| Other amounts receivable | 41 | €25,088 | €22,872 | -€2,216 | -8.8% |
| Cash at bank and in hand | 54/58 | €46,731 | €46,487 | -€244 | -0.5% |
| Deferred charges and accrued income | 490/1 | €3,504 | €3,556 | +€53 | +1.5% |
| Total equity and liabilities | 10/49 | €124,468 | €122,855 | -€1,613 | -1.3% |
| Equity | 10/15 | €93,446 | €93,935 | +€489 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,582 | €2,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,582 | €2,582 | = | 0.0% |
| Legal reserve | 130 | €2,582 | €2,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,864 | €29,353 | +€489 | +1.7% |
| Amounts payable | 17/49 | €31,022 | €28,920 | -€2,102 | -6.8% |
| Amounts payable within one year | 42/48 | €31,022 | €28,920 | -€2,102 | -6.8% |
| Trade debts | 44 | €13,736 | €10,373 | -€3,364 | -24.5% |
| Suppliers | 440/4 | €13,736 | €10,373 | -€3,364 | -24.5% |
| Taxes, remuneration and social security | 45 | €17,286 | €18,548 | +€1,262 | +7.3% |
| Taxes | 450/3 | €4,023 | €5,194 | +€1,172 | +29.1% |
| Remuneration and social security | 454/9 | €13,263 | €13,353 | +€90 | +0.7% |
| Remuneration, social security and pensions | 62 | €136,644 | €128,390 | -€8,254 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,006 | €12,470 | +€1,464 | +13.3% |
| Other operating charges | 640/8 | €1,758 | €2,409 | +€651 | +37.0% |
| Non-recurring operating charges | 66A | €862 | - | -€862 | |
| Gross operating margin | 9900 | €170,919 | €143,767 | -€27,152 | -15.9% |
| Operating profit (loss) | 9901 | €20,648 | €498 | -€20,150 | -97.6% |
| Financial income | 75/76B | €6 | €35 | +€29 | +487.0% |
| Recurring financial income | 75 | €6 | €35 | +€29 | +487.0% |
| Financial charges | 65/66B | €332 | €187 | -€144 | -43.5% |
| Recurring financial charges | 65 | €332 | €187 | -€144 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €20,322 | €345 | -€19,977 | -98.3% |
| Income taxes | 67/77 | €2,542 | -€144 | -€2,686 | |
| Profit (loss) for the period | 9904 | €17,780 | €489 | -€17,291 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,780 | €489 | -€17,291 | -97.3% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.