COUVREUR: 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.
COUVREUR
Largest movements
- Tangible fixed assets -€20,077
down €20,077 (-25.0%), from €80,290 to €60,213
- Receivables within one year +€12,712
up €12,712 (+29.8%), from €42,628 to €55,340
of which Other amounts receivable: +€14,272
- Stocks and contracts +€5,842
up €5,842 (+8.0%), from €73,114 to €78,956
- Reserves +€13,427
up €13,427 (+11.3%), from €119,199 to €132,627
- Debts after one year -€12,910
down €12,910 (-30.0%), from €43,076 to €30,166
- Staff costs -€10,905
down €10,905 (-20.7%), from €52,665 to €41,760
- Depreciation +€4,249
up €4,249 (+26.8%), from €15,828 to €20,077
- Taxes +€2,020
up €2,020 (+52.4%), from €3,856 to €5,876
- Gross operating margin -€1,339
down €1,339 (-1.5%), from €86,992 to €85,653
- Other operating charges +€1,174
up €1,174 (+139%), from €844 to €2,018
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 | €199,971 | €200,348 | +€376 | +0.2% |
| Fixed assets | 21/28 | €82,290 | €62,213 | -€20,077 | -24.4% |
| Tangible fixed assets | 22/27 | €80,290 | €60,213 | -€20,077 | -25.0% |
| Furniture and vehicles | 24 | €80,290 | €60,213 | -€20,077 | -25.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €117,681 | €138,134 | +€20,453 | +17.4% |
| Stocks and contracts in progress | 3 | €73,114 | €78,956 | +€5,842 | +8.0% |
| Stocks | 30/36 | €73,114 | €78,956 | +€5,842 | +8.0% |
| Amounts receivable within one year | 40/41 | €42,628 | €55,340 | +€12,712 | +29.8% |
| Trade receivables | 40 | €21,821 | €20,261 | -€1,560 | -7.1% |
| Other amounts receivable | 41 | €20,808 | €35,079 | +€14,272 | +68.6% |
| Cash at bank and in hand | 54/58 | €1,940 | €3,839 | +€1,899 | +97.9% |
| Total equity and liabilities | 10/49 | €199,971 | €200,348 | +€376 | +0.2% |
| Equity | 10/15 | €127,799 | €141,227 | +€13,427 | +10.5% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €119,199 | €132,627 | +€13,427 | +11.3% |
| Distributable reserves | 133 | €119,199 | €132,627 | +€13,427 | +11.3% |
| Amounts payable | 17/49 | €72,172 | €59,121 | -€13,051 | -18.1% |
| Amounts payable after more than one year | 17 | €43,076 | €30,166 | -€12,910 | -30.0% |
| Financial debts | 170/4 | €43,076 | €30,166 | -€12,910 | -30.0% |
| Amounts payable within one year | 42/48 | €29,096 | €28,955 | -€141 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €12,381 | €12,910 | +€528 | +4.3% |
| Financial debts | 43 | €1,503 | €1,542 | +€39 | +2.6% |
| Credit institutions | 430/8 | €1,503 | €1,542 | +€39 | +2.6% |
| Trade debts | 44 | €10,820 | €10,986 | +€166 | +1.5% |
| Suppliers | 440/4 | €10,820 | €10,986 | +€166 | +1.5% |
| Taxes, remuneration and social security | 45 | €4,392 | €3,518 | -€875 | -19.9% |
| Taxes | 450/3 | €4,392 | €3,518 | -€875 | -19.9% |
| Remuneration, social security and pensions | 62 | €52,665 | €41,760 | -€10,905 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,828 | €20,077 | +€4,249 | +26.8% |
| Other operating charges | 640/8 | €844 | €2,018 | +€1,174 | +139% |
| Gross operating margin | 9900 | €86,992 | €85,653 | -€1,339 | -1.5% |
| Operating profit (loss) | 9901 | €17,654 | €21,797 | +€4,144 | +23.5% |
| Financial income | 75/76B | €68 | - | -€68 | |
| Recurring financial income | 75 | €68 | - | -€68 | |
| Financial charges | 65/66B | €2,831 | €2,495 | -€336 | -11.9% |
| Recurring financial charges | 65 | €2,831 | €2,495 | -€336 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €14,891 | €19,303 | +€4,412 | +29.6% |
| Income taxes | 67/77 | €3,856 | €5,876 | +€2,020 | +52.4% |
| Profit (loss) for the period | 9904 | €11,035 | €13,427 | +€2,392 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,035 | €13,427 | +€2,392 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.