COUVIVET: 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.
COUVIVET
Largest movements
- Receivables within one year +€49,975
up €49,975 (+20.1%), from €249,094 to €299,069
of which Trade receivables: +€41,371
- Stocks and contracts +€34,763
up €34,763 (+27.1%), from €128,362 to €163,125
- Cash +€16,567
up €16,567 (+23.8%), from €69,481 to €86,048
mainly Net result for the year (+€107,559) and Depreciation (+€66,933)
- Tangible fixed assets -€12,572
down €12,572 (-2.4%), from €520,075 to €507,504
of which Other tangible fixed assets: -€29,090
- Profit (loss) carried forward +€107,559
up €107,559 (+36.3%), from €296,675 to €404,233
- Trade debts -€90,527
down €90,527 (-29.4%), from €308,425 to €217,897
- Other debts +€27,277
up €27,277 (+60.6%), from €45,000 to €72,277
- Tax, wage and social debts +€18,498
up €18,498 (+44.1%), from €41,930 to €60,428
of which Remuneration and social security: +€11,596
- Current portion of long-term debt +€14,045
up €14,045 (+29.1%), from €48,188 to €62,233
- Gross operating margin +€69,177
up €69,177 (+17.7%), from €390,159 to €459,336
- Staff costs +€57,386
up €57,386 (+31.2%), from €183,662 to €241,048
- Depreciation +€5,847
up €5,847 (+9.6%), from €61,085 to €66,933
- Financial income +€5,577
up €5,577 (+202.9%), from €2,749 to €8,326
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 | €980,381 | €1,066,672 | +€86,291 | +8.8% |
| Fixed assets | 21/28 | €531,238 | €518,429 | -€12,809 | -2.4% |
| Intangible fixed assets | 21 | €563 | €326 | -€237 | -42.1% |
| Tangible fixed assets | 22/27 | €520,075 | €507,504 | -€12,572 | -2.4% |
| Plant, machinery and equipment | 23 | €80,766 | €103,591 | +€22,825 | +28.3% |
| Furniture and vehicles | 24 | €20,381 | €14,074 | -€6,307 | -30.9% |
| Other tangible fixed assets | 26 | €418,929 | €389,838 | -€29,090 | -6.9% |
| Financial fixed assets | 28 | €10,600 | €10,600 | = | 0.0% |
| Current assets | 29/58 | €449,143 | €548,242 | +€99,100 | +22.1% |
| Stocks and contracts in progress | 3 | €128,362 | €163,125 | +€34,763 | +27.1% |
| Stocks | 30/36 | €128,362 | €163,125 | +€34,763 | +27.1% |
| Amounts receivable within one year | 40/41 | €249,094 | €299,069 | +€49,975 | +20.1% |
| Trade receivables | 40 | €249,094 | €290,465 | +€41,371 | +16.6% |
| Other amounts receivable | 41 | - | €8,604 | +€8,604 | |
| Cash at bank and in hand | 54/58 | €69,481 | €86,048 | +€16,567 | +23.8% |
| Deferred charges and accrued income | 490/1 | €2,206 | - | -€2,206 | |
| Total equity and liabilities | 10/49 | €980,381 | €1,066,672 | +€86,291 | +8.8% |
| Equity | 10/15 | €308,675 | €416,233 | +€107,559 | +34.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,675 | €404,233 | +€107,559 | +36.3% |
| Amounts payable | 17/49 | €671,706 | €650,438 | -€21,268 | -3.2% |
| Amounts payable after more than one year | 17 | €219,819 | €230,818 | +€10,999 | +5.0% |
| Financial debts | 170/4 | €219,819 | €230,818 | +€10,999 | +5.0% |
| Amounts payable within one year | 42/48 | €448,327 | €419,620 | -€28,707 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €48,188 | €62,233 | +€14,045 | +29.1% |
| Financial debts | 43 | €4,784 | €6,784 | +€2,000 | +41.8% |
| Credit institutions | 430/8 | €4,784 | €6,784 | +€2,000 | +41.8% |
| Trade debts | 44 | €308,425 | €217,897 | -€90,527 | -29.4% |
| Suppliers | 440/4 | €308,425 | €217,897 | -€90,527 | -29.4% |
| Taxes, remuneration and social security | 45 | €41,930 | €60,428 | +€18,498 | +44.1% |
| Taxes | 450/3 | €15,360 | €22,262 | +€6,902 | +44.9% |
| Remuneration and social security | 454/9 | €26,571 | €38,166 | +€11,596 | +43.6% |
| Other amounts payable | 47/48 | €45,000 | €72,277 | +€27,277 | +60.6% |
| Accrued charges and deferred income | 492/3 | €3,560 | - | -€3,560 | |
| Remuneration, social security and pensions | 62 | €183,662 | €241,048 | +€57,386 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,085 | €66,933 | +€5,847 | +9.6% |
| Other operating charges | 640/8 | €970 | €1,058 | +€88 | +9.1% |
| Non-recurring operating charges | 66A | €154 | - | -€154 | |
| Gross operating margin | 9900 | €390,159 | €459,336 | +€69,177 | +17.7% |
| Operating profit (loss) | 9901 | €144,287 | €150,297 | +€6,010 | +4.2% |
| Financial income | 75/76B | €2,749 | €8,326 | +€5,577 | +202.9% |
| Recurring financial income | 75 | €2,749 | €8,326 | +€5,577 | +202.9% |
| Financial charges | 65/66B | €13,693 | €18,117 | +€4,424 | +32.3% |
| Recurring financial charges | 65 | €13,693 | €18,117 | +€4,424 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €133,343 | €140,507 | +€7,163 | +5.4% |
| Income taxes | 67/77 | €28,471 | €32,948 | +€4,476 | +15.7% |
| Profit (loss) for the period | 9904 | €104,872 | €107,559 | +€2,687 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,872 | €107,559 | +€2,687 | +2.6% |
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 8 October 2026 via checked.be.