COVABRIX: 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.
COVABRIX
Largest movements
- Receivables within one year +€16,850
new in 2025: €16,850
of which Trade receivables: +€16,440
- Profit (loss) carried forward +€81,050
up €81,050 (+15.8%), from €513,031 to €594,080
- Other debts -€45,913
down €45,913 (-27.3%), from €168,246 to €122,332
- Tax, wage and social debts -€29,469
down €29,469 (-45.4%), from €64,934 to €35,465
- Taxes -€1,754
down €1,754 (-6.0%), from €29,109 to €27,356
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 | €1,559,270 | €1,570,911 | +€11,641 | +0.7% |
| Fixed assets | 21/28 | €1,534,285 | €1,534,285 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,534,285 | €1,534,285 | = | 0.0% |
| Land and buildings | 22 | €1,534,285 | €1,534,285 | = | 0.0% |
| Current assets | 29/58 | €24,985 | €36,626 | +€11,641 | +46.6% |
| Amounts receivable within one year | 40/41 | - | €16,850 | +€16,850 | |
| Trade receivables | 40 | - | €16,440 | +€16,440 | |
| Other amounts receivable | 41 | - | €410 | +€410 | |
| Cash at bank and in hand | 54/58 | €24,985 | €19,777 | -€5,208 | -20.8% |
| Total equity and liabilities | 10/49 | €1,559,270 | €1,570,911 | +€11,641 | +0.7% |
| Equity | 10/15 | €822,031 | €903,080 | +€81,050 | +9.9% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €34,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,000 | €34,000 | = | 0.0% |
| Legal reserve | 130 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,031 | €594,080 | +€81,050 | +15.8% |
| Amounts payable | 17/49 | €737,239 | €667,830 | -€69,409 | -9.4% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | - | €500,000 | +€500,000 | |
| Other amounts payable | 178/9 | €500,000 | - | -€500,000 | |
| Amounts payable within one year | 42/48 | €235,539 | €157,797 | -€77,742 | -33.0% |
| Trade debts | 44 | €2,360 | €0 | -€2,360 | -100.0% |
| Suppliers | 440/4 | €2,360 | €0 | -€2,360 | -100.0% |
| Taxes, remuneration and social security | 45 | €64,934 | €35,465 | -€29,469 | -45.4% |
| Taxes | 450/3 | €64,934 | €35,465 | -€29,469 | -45.4% |
| Other amounts payable | 47/48 | €168,246 | €122,332 | -€45,913 | -27.3% |
| Accrued charges and deferred income | 492/3 | €1,700 | €10,033 | +€8,333 | +490.2% |
| Other operating charges | 640/8 | €19,964 | €19,425 | -€539 | -2.7% |
| Gross operating margin | 9900 | €146,910 | €148,050 | +€1,140 | +0.8% |
| Operating profit (loss) | 9901 | €126,946 | €128,625 | +€1,679 | +1.3% |
| Financial charges | 65/66B | €20,124 | €20,220 | +€97 | +0.5% |
| Recurring financial charges | 65 | €20,124 | €20,220 | +€97 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €106,823 | €108,405 | +€1,583 | +1.5% |
| Income taxes | 67/77 | €29,109 | €27,356 | -€1,754 | -6.0% |
| Profit (loss) for the period | 9904 | €77,714 | €81,050 | +€3,336 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,714 | €81,050 | +€3,336 | +4.3% |
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 29 September 2026 via checked.be.