COUVREUR FINANCES: 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 FINANCES
Largest movements
- Cash -€332,317
down €332,317 (-52.1%), from €637,238 to €304,921
mainly Investment in fixed assets (net) (-€388,848) and Current investments (-€24,925)
- Tangible fixed assets +€318,057
up €318,057 (+63.1%), from €503,682 to €821,739
of which Land and buildings: +€304,741
- Current investments +€24,925
up €24,925 (+5.7%), from €433,829 to €458,754
- Reserves +€26,376
up €26,376 (+1.7%), from €1.6m to €1.6m
of which Distributable reserves: +€26,376
- Depreciation +€41,634
up €41,634 (+143%), from €29,157 to €70,791
- Gross operating margin +€14,417
up €14,417 (+18.9%), from €76,118 to €90,535
- Taxes -€6,110
down €6,110 (-34.3%), from €17,822 to €11,712
- Financial income +€4,051
up €4,051 (+18.6%), from €21,768 to €25,819
of which Non-recurring financial income: +€11,769
- Financial charges -€1,984
down €1,984 (-77.0%), from €2,578 to €594
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 | €1,583,670 | €1,608,870 | +€25,200 | +1.6% |
| Fixed assets | 21/28 | €504,922 | €822,979 | +€318,057 | +63.0% |
| Tangible fixed assets | 22/27 | €503,682 | €821,739 | +€318,057 | +63.1% |
| Land and buildings | 22 | €442,199 | €746,940 | +€304,741 | +68.9% |
| Furniture and vehicles | 24 | €41,408 | €56,966 | +€15,557 | +37.6% |
| Other tangible fixed assets | 26 | €20,075 | €17,833 | -€2,242 | -11.2% |
| Financial fixed assets | 28 | €1,240 | €1,240 | = | 0.0% |
| Current assets | 29/58 | €1,078,747 | €785,890 | -€292,857 | -27.1% |
| Amounts receivable within one year | 40/41 | €6,113 | €20,375 | +€14,263 | +233% |
| Trade receivables | 40 | - | €16,667 | +€16,667 | |
| Other amounts receivable | 41 | €6,113 | €3,708 | -€2,404 | -39.3% |
| Current investments | 50/53 | €433,829 | €458,754 | +€24,925 | +5.7% |
| Cash at bank and in hand | 54/58 | €637,238 | €304,921 | -€332,317 | -52.1% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,840 | +€272 | +17.4% |
| Total equity and liabilities | 10/49 | €1,583,670 | €1,608,870 | +€25,200 | +1.6% |
| Equity | 10/15 | €1,571,137 | €1,597,513 | +€26,376 | +1.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,564,940 | €1,591,316 | +€26,376 | +1.7% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €1,556,140 | €1,582,516 | +€26,376 | +1.7% |
| Amounts payable | 17/49 | €12,533 | €11,356 | -€1,176 | -9.4% |
| Amounts payable within one year | 42/48 | €12,533 | €10,766 | -€1,767 | -14.1% |
| Trade debts | 44 | €7,888 | €300 | -€7,588 | -96.2% |
| Suppliers | 440/4 | €7,888 | €300 | -€7,588 | -96.2% |
| Taxes, remuneration and social security | 45 | - | €2,497 | +€2,497 | |
| Taxes | 450/3 | - | €2,497 | +€2,497 | |
| Other amounts payable | 47/48 | €4,645 | €7,969 | +€3,324 | +71.6% |
| Accrued charges and deferred income | 492/3 | - | €591 | +€591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,157 | €70,791 | +€41,634 | +143% |
| Other operating charges | 640/8 | €5,159 | €5,181 | +€23 | +0.4% |
| Gross operating margin | 9900 | €76,118 | €90,535 | +€14,417 | +18.9% |
| Operating profit (loss) | 9901 | €41,802 | €14,563 | -€27,239 | -65.2% |
| Financial income | 75/76B | €21,768 | €25,819 | +€4,051 | +18.6% |
| Recurring financial income | 75 | €21,768 | €14,050 | -€7,717 | -35.5% |
| Non-recurring financial income | 76B | - | €11,769 | +€11,769 | |
| Financial charges | 65/66B | €2,578 | €594 | -€1,984 | -77.0% |
| Recurring financial charges | 65 | €2,578 | €594 | -€1,984 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €60,992 | €39,788 | -€21,204 | -34.8% |
| Income taxes | 67/77 | €17,822 | €11,712 | -€6,110 | -34.3% |
| Profit (loss) for the period | 9904 | €43,170 | €28,076 | -€15,094 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,170 | €28,076 | -€15,094 | -35.0% |
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 27 October 2026 via checked.be.