COVALIB: 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.
COVALIB
Largest movements
- Current investments +€1.4m
new in 2025: €1.4m
- Cash -€198,667
down €198,667 (-55.9%), from €355,450 to €156,784
mainly Current investments (-€1.4m) and Debts after one year (-€302,362)
- Profit (loss) carried forward +€1.6m
up €1.6m (+167.4%), from €979,401 to €2.6m
- Debts after one year -€302,362
down €302,362 (-21.0%), from €1.4m to €1.1m
- Other debts -€173,704
down €173,704 (-2.0%), from €8.8m to €8.6m
- Financial income +€782,333
up €782,333 (+69.4%), from €1.1m to €1.9m
- Financial charges +€211,656
up €211,656 (+533.7%), from €39,659 to €251,315
- Taxes +€2,717
new in 2025: €2,717
- Other operating charges -€1,207
down €1,207 (-55.5%), from €2,175 to €968
- Gross operating margin -€618
down €618 (-4.3%), from -€14,384 to -€15,001
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 | €11,550,287 | €12,718,617 | +€1.2m | +10.1% |
| Fixed assets | 21/28 | €10,849,251 | €10,849,251 | = | 0.0% |
| Financial fixed assets | 28 | €10,849,251 | €10,849,251 | = | 0.0% |
| Current assets | 29/58 | €701,035 | €1,869,366 | +€1.2m | +166.7% |
| Amounts receivable within one year | 40/41 | €345,585 | €345,615 | +€30 | 0.0% |
| Trade receivables | 40 | €1,032 | - | -€1,032 | |
| Other amounts receivable | 41 | €344,553 | €345,615 | +€1,062 | +0.3% |
| Current investments | 50/53 | - | €1,366,968 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €355,450 | €156,784 | -€198,667 | -55.9% |
| Total equity and liabilities | 10/49 | €11,550,287 | €12,718,617 | +€1.2m | +10.1% |
| Equity | 10/15 | €1,049,897 | €2,689,417 | +€1.6m | +156.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €496 | €496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Legal reserve | 130 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €979,401 | €2,618,921 | +€1.6m | +167.4% |
| Amounts payable | 17/49 | €10,500,390 | €10,029,200 | -€471,189 | -4.5% |
| Amounts payable after more than one year | 17 | €1,436,978 | €1,134,616 | -€302,362 | -21.0% |
| Financial debts | 170/4 | €1,436,978 | €1,134,616 | -€302,362 | -21.0% |
| Amounts payable within one year | 42/48 | €9,063,412 | €8,894,584 | -€168,827 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €299,385 | €302,362 | +€2,977 | +1.0% |
| Trade debts | 44 | €12,797 | €14,697 | +€1,899 | +14.8% |
| Suppliers | 440/4 | €12,797 | €14,697 | +€1,899 | +14.8% |
| Other amounts payable | 47/48 | €8,751,230 | €8,577,526 | -€173,704 | -2.0% |
| Other operating charges | 640/8 | €2,175 | €968 | -€1,207 | -55.5% |
| Gross operating margin | 9900 | -€14,384 | -€15,001 | -€618 | -4.3% |
| Operating profit (loss) | 9901 | -€16,559 | -€15,969 | +€590 | +3.6% |
| Financial income | 75/76B | €1,127,187 | €1,909,520 | +€782,333 | +69.4% |
| Recurring financial income | 75 | €1,127,187 | €1,909,520 | +€782,333 | +69.4% |
| Financial charges | 65/66B | €39,659 | €251,315 | +€211,656 | +533.7% |
| Recurring financial charges | 65 | €39,659 | €251,315 | +€211,656 | +533.7% |
| Profit (loss) for the period before taxes | 9903 | €1,070,969 | €1,642,237 | +€571,267 | +53.3% |
| Income taxes | 67/77 | - | €2,717 | +€2,717 | |
| Profit (loss) for the period | 9904 | €1,070,969 | €1,639,520 | +€568,551 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,070,969 | €1,639,520 | +€568,551 | +53.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.