COVAGO SRL: 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.
COVAGO SRL
Largest movements
- Stocks and contracts +€18,700
new in 2024: €18,700
- Intangible fixed assets +€7,210
up €7,210 (+49.9%), from €14,447 to €21,656
- Receivables within one year +€3,219
up €3,219 (+1,050%), from €307 to €3,526
of which Other amounts receivable: +€2,645
- Contributions +€29,925
up €29,925 (+333%), from €9,000 to €38,925
- Profit (loss) carried forward -€5,101
down €5,101, from €378 to -€4,724
- Other debts +€4,770
up €4,770 (+70.9%), from €6,727 to €11,498
- Trade debts -€514
no longer reported in 2024 (was €514)
- Gross operating margin -€7,943
down €7,943 (-91.4%), from €8,686 to €743
- Depreciation +€2,432
up €2,432 (+80.7%), from €3,015 to €5,446
- Staff costs +€150
new in 2024: €150
- Other operating charges -€95
down €95 (-29.1%), from €325 to €230
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,619 | €45,727 | +€29,108 | +175% |
| Formation expenses | 20 | €662 | €429 | -€233 | -35.2% |
| Fixed assets | 21/28 | €14,447 | €21,656 | +€7,210 | +49.9% |
| Intangible fixed assets | 21 | €14,447 | €21,656 | +€7,210 | +49.9% |
| Current assets | 29/58 | €1,510 | €23,642 | +€22,131 | +1,465% |
| Stocks and contracts in progress | 3 | - | €18,700 | +€18,700 | |
| Stocks | 30/36 | - | €18,700 | +€18,700 | |
| Amounts receivable within one year | 40/41 | €307 | €3,526 | +€3,219 | +1,050% |
| Trade receivables | 40 | - | €574 | +€574 | |
| Other amounts receivable | 41 | €307 | €2,951 | +€2,645 | +863% |
| Cash at bank and in hand | 54/58 | €1,204 | €1,416 | +€212 | +17.6% |
| Total equity and liabilities | 10/49 | €16,619 | €45,727 | +€29,108 | +175% |
| Equity | 10/15 | €9,378 | €34,201 | +€24,824 | +265% |
| Contributions | 10/11 | €9,000 | €38,925 | +€29,925 | +333% |
| Profit (loss) carried forward | 14 | €378 | -€4,724 | -€5,101 | |
| Amounts payable | 17/49 | €7,241 | €11,526 | +€4,285 | +59.2% |
| Amounts payable within one year | 42/48 | €7,241 | €11,526 | +€4,285 | +59.2% |
| Trade debts | 44 | €514 | - | -€514 | |
| Suppliers | 440/4 | €514 | - | -€514 | |
| Taxes, remuneration and social security | 45 | - | €28 | +€28 | |
| Taxes | 450/3 | - | €28 | +€28 | |
| Other amounts payable | 47/48 | €6,727 | €11,498 | +€4,770 | +70.9% |
| Remuneration, social security and pensions | 62 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €5,446 | +€2,432 | +80.7% |
| Other operating charges | 640/8 | €325 | €230 | -€95 | -29.1% |
| Gross operating margin | 9900 | €8,686 | €743 | -€7,943 | -91.4% |
| Operating profit (loss) | 9901 | €5,346 | -€5,083 | -€10,430 | |
| Financial charges | 65/66B | €56 | €18 | -€38 | -68.0% |
| Recurring financial charges | 65 | €56 | €18 | -€38 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €5,290 | -€5,101 | -€10,391 | |
| Profit (loss) for the period | 9904 | €5,290 | -€5,101 | -€10,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,290 | -€5,101 | -€10,391 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.