CoV-IT: 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.
CoV-IT
Largest movements
- Receivables within one year -€253,383
down €253,383 (-78.7%), from €322,165 to €68,782
of which Trade receivables: -€248,317
- Cash -€4,128
down €4,128 (-98.9%), from €4,175 to €47
mainly Trade debts (-€156,186) and Net result for the year (-€56,608)
- Trade debts -€156,186
down €156,186 (-71.6%), from €218,248 to €62,062
- Profit (loss) carried forward -€56,608
down €56,608, from €3,802 to -€52,806
- Tax, wage and social debts -€52,004
down €52,004 (-50.4%), from €103,146 to €51,142
of which Remuneration and social security: -€42,401
- Other debts +€7,286
up €7,286 (+1214.4%), from €600 to €7,886
- Gross operating margin -€496,820
down €496,820 (-85.5%), from €581,258 to €84,438
- Staff costs -€428,073
down €428,073 (-75.8%), from €564,423 to €136,351
- Taxes -€10,623
down €10,623 (-98.5%), from €10,789 to €166
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 | €326,795 | €69,284 | -€257,511 | -78.8% |
| Current assets | 29/58 | €326,795 | €69,284 | -€257,511 | -78.8% |
| Amounts receivable within one year | 40/41 | €322,165 | €68,782 | -€253,383 | -78.7% |
| Trade receivables | 40 | €311,892 | €63,575 | -€248,317 | -79.6% |
| Other amounts receivable | 41 | €10,273 | €5,207 | -€5,066 | -49.3% |
| Cash at bank and in hand | 54/58 | €4,175 | €47 | -€4,128 | -98.9% |
| Deferred charges and accrued income | 490/1 | €455 | €455 | = | 0.0% |
| Total equity and liabilities | 10/49 | €326,795 | €69,284 | -€257,511 | -78.8% |
| Equity | 10/15 | €4,802 | -€51,806 | -€56,608 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,802 | -€52,806 | -€56,608 | |
| Amounts payable | 17/49 | €321,994 | €121,090 | -€200,903 | -62.4% |
| Amounts payable within one year | 42/48 | €321,994 | €121,090 | -€200,903 | -62.4% |
| Trade debts | 44 | €218,248 | €62,062 | -€156,186 | -71.6% |
| Suppliers | 440/4 | €218,248 | €62,062 | -€156,186 | -71.6% |
| Taxes, remuneration and social security | 45 | €103,146 | €51,142 | -€52,004 | -50.4% |
| Taxes | 450/3 | €40,996 | €31,394 | -€9,603 | -23.4% |
| Remuneration and social security | 454/9 | €62,150 | €19,749 | -€42,401 | -68.2% |
| Other amounts payable | 47/48 | €600 | €7,886 | +€7,286 | +1214.4% |
| Remuneration, social security and pensions | 62 | €564,423 | €136,351 | -€428,073 | -75.8% |
| Other operating charges | 640/8 | €1,429 | €2,886 | +€1,457 | +101.9% |
| Gross operating margin | 9900 | €581,258 | €84,438 | -€496,820 | -85.5% |
| Operating profit (loss) | 9901 | €15,406 | -€54,798 | -€70,204 | |
| Financial income | 75/76B | €132 | - | -€132 | |
| Recurring financial income | 75 | €132 | - | -€132 | |
| Financial charges | 65/66B | €947 | €1,643 | +€696 | +73.5% |
| Recurring financial charges | 65 | €947 | €1,643 | +€696 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €14,591 | -€56,441 | -€71,032 | |
| Income taxes | 67/77 | €10,789 | €166 | -€10,623 | -98.5% |
| Profit (loss) for the period | 9904 | €3,802 | -€56,608 | -€60,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,802 | -€56,608 | -€60,409 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.