COVABOUW: 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.
COVABOUW
Largest movements
- Tangible fixed assets -€45,352
down €45,352 (-95.4%), from €47,521 to €2,169
of which Furniture and vehicles: -€44,604
- Receivables within one year -€22,370
down €22,370 (-2.6%), from €861,641 to €839,272
of which Trade receivables: -€30,187
- Profit (loss) carried forward -€40,326
down €40,326 (-64.3%), from -€62,756 to -€103,082
- Other debts -€28,643
down €28,643 (-15.4%), from €186,392 to €157,749
- Other operating charges +€19,052
up €19,052 (+951%), from €2,004 to €21,056
- Gross operating margin +€14,570
up €14,570 (+44.7%), from -€32,612 to -€18,042
- Depreciation -€9,472
down €9,472 (-92.7%), from €10,220 to €748
- Financial charges -€861
down €861 (-87.1%), from €988 to €128
- Taxes -€416
down €416 (-54.1%), from €768 to €352
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 | €1,223,030 | €1,154,084 | -€68,946 | -5.6% |
| Fixed assets | 21/28 | €47,521 | €2,169 | -€45,352 | -95.4% |
| Tangible fixed assets | 22/27 | €47,521 | €2,169 | -€45,352 | -95.4% |
| Plant, machinery and equipment | 23 | €2,917 | €2,169 | -€748 | -25.6% |
| Furniture and vehicles | 24 | €44,604 | - | -€44,604 | |
| Current assets | 29/58 | €1,175,510 | €1,151,915 | -€23,595 | -2.0% |
| Stocks and contracts in progress | 3 | €310,118 | €312,126 | +€2,007 | +0.6% |
| Stocks | 30/36 | €14,423 | €16,431 | +€2,007 | +13.9% |
| Contracts in progress | 37 | €295,695 | €295,695 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €861,641 | €839,272 | -€22,370 | -2.6% |
| Trade receivables | 40 | €149,138 | €118,951 | -€30,187 | -20.2% |
| Other amounts receivable | 41 | €712,503 | €720,321 | +€7,817 | +1.1% |
| Cash at bank and in hand | 54/58 | €140 | €371 | +€232 | +166% |
| Deferred charges and accrued income | 490/1 | €3,611 | €147 | -€3,464 | -95.9% |
| Total equity and liabilities | 10/49 | €1,223,030 | €1,154,084 | -€68,946 | -5.6% |
| Equity | 10/15 | €86,908 | €46,581 | -€40,326 | -46.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €139,663 | €139,663 | = | 0.0% |
| Distributable reserves | 133 | €139,663 | €139,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,756 | -€103,082 | -€40,326 | -64.3% |
| Amounts payable | 17/49 | €1,136,123 | €1,107,503 | -€28,620 | -2.5% |
| Amounts payable within one year | 42/48 | €1,136,123 | €1,107,503 | -€28,620 | -2.5% |
| Trade debts | 44 | €862,151 | €866,306 | +€4,155 | +0.5% |
| Suppliers | 440/4 | €862,151 | €866,306 | +€4,155 | +0.5% |
| Advances received on contracts in progress | 46 | €81,915 | €81,915 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,665 | €1,532 | -€4,132 | -72.9% |
| Taxes | 450/3 | €5,665 | €1,532 | -€4,132 | -72.9% |
| Other amounts payable | 47/48 | €186,392 | €157,749 | -€28,643 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €748 | -€9,472 | -92.7% |
| Other operating charges | 640/8 | €2,004 | €21,056 | +€19,052 | +951% |
| Gross operating margin | 9900 | -€32,612 | -€18,042 | +€14,570 | +44.7% |
| Operating profit (loss) | 9901 | -€44,836 | -€39,846 | +€4,990 | +11.1% |
| Financial income | 75/76B | €134 | - | -€134 | |
| Recurring financial income | 75 | €134 | - | -€134 | |
| Financial charges | 65/66B | €988 | €128 | -€861 | -87.1% |
| Recurring financial charges | 65 | €988 | €128 | -€861 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | -€45,691 | -€39,974 | +€5,717 | +12.5% |
| Income taxes | 67/77 | €768 | €352 | -€416 | -54.1% |
| Profit (loss) for the period | 9904 | -€46,459 | -€40,326 | +€6,133 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,459 | -€40,326 | +€6,133 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.