Covama: 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.
Covama
Largest movements
- Receivables within one year +€30,547
up €30,547 (+65.0%), from €46,995 to €77,542
of which Trade receivables: +€33,111
- Tangible fixed assets +€11,906
up €11,906 (+10.9%), from €109,628 to €121,534
of which Land and buildings: +€12,570
- Cash -€5,319
down €5,319 (-44.1%), from €12,068 to €6,749
mainly Receivables within one year (-€30,547) and Contributions, distributions and other (-€29,595)
- Debts after one year +€23,401
up €23,401 (+481%), from €4,862 to €28,262
- Trade debts +€5,273
up €5,273 (+1,372%), from €384 to €5,658
- Current portion of long-term debt +€3,933
up €3,933 (+33.7%), from €11,667 to €15,599
- Gross operating margin +€24,221
up €24,221 (+79.1%), from €30,635 to €54,856
- Taxes +€7,427
up €7,427 (+98.3%), from €7,553 to €14,980
- Other operating charges -€1,376
down €1,376 (-36.7%), from €3,747 to €2,371
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 | €169,344 | €205,825 | +€36,481 | +21.5% |
| Fixed assets | 21/28 | €109,628 | €121,534 | +€11,906 | +10.9% |
| Tangible fixed assets | 22/27 | €109,628 | €121,534 | +€11,906 | +10.9% |
| Land and buildings | 22 | €107,198 | €119,767 | +€12,570 | +11.7% |
| Plant, machinery and equipment | 23 | €1,007 | €606 | -€402 | -39.9% |
| Furniture and vehicles | 24 | €1,423 | €1,161 | -€262 | -18.4% |
| Current assets | 29/58 | €59,716 | €84,291 | +€24,575 | +41.2% |
| Amounts receivable within one year | 40/41 | €46,995 | €77,542 | +€30,547 | +65.0% |
| Trade receivables | 40 | €38,492 | €71,603 | +€33,111 | +86.0% |
| Other amounts receivable | 41 | €8,503 | €5,939 | -€2,564 | -30.2% |
| Cash at bank and in hand | 54/58 | €12,068 | €6,749 | -€5,319 | -44.1% |
| Deferred charges and accrued income | 490/1 | €653 | - | -€653 | |
| Total equity and liabilities | 10/49 | €169,344 | €205,825 | +€36,481 | +21.5% |
| Equity | 10/15 | €136,820 | €137,615 | +€795 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,259 | €52,053 | +€795 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,399 | €50,193 | +€795 | +1.6% |
| Profit (loss) carried forward | 14 | €66,962 | €66,962 | = | 0.0% |
| Amounts payable | 17/49 | €32,524 | €68,210 | +€35,686 | +110% |
| Amounts payable after more than one year | 17 | €4,862 | €28,262 | +€23,401 | +481% |
| Financial debts | 170/4 | €4,862 | €28,262 | +€23,401 | +481% |
| Amounts payable within one year | 42/48 | €27,662 | €39,294 | +€11,632 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €15,599 | +€3,933 | +33.7% |
| Trade debts | 44 | €384 | €5,658 | +€5,273 | +1,372% |
| Suppliers | 440/4 | €384 | €5,658 | +€5,273 | +1,372% |
| Taxes, remuneration and social security | 45 | €15,331 | €16,320 | +€988 | +6.4% |
| Taxes | 450/3 | €13,804 | €16,311 | +€2,508 | +18.2% |
| Remuneration and social security | 454/9 | €1,528 | €8 | -€1,519 | -99.5% |
| Other amounts payable | 47/48 | €280 | €1,718 | +€1,438 | +514% |
| Accrued charges and deferred income | 492/3 | - | €653 | +€653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €6,596 | +€376 | +6.0% |
| Other operating charges | 640/8 | €3,747 | €2,371 | -€1,376 | -36.7% |
| Gross operating margin | 9900 | €30,635 | €54,856 | +€24,221 | +79.1% |
| Operating profit (loss) | 9901 | €20,668 | €45,889 | +€25,221 | +122% |
| Financial income | 75/76B | €322 | €391 | +€69 | +21.4% |
| Recurring financial income | 75 | €322 | €391 | +€69 | +21.4% |
| Financial charges | 65/66B | €1,416 | €910 | -€506 | -35.7% |
| Recurring financial charges | 65 | €1,416 | €910 | -€506 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €19,574 | €45,370 | +€25,795 | +132% |
| Income taxes | 67/77 | €7,553 | €14,980 | +€7,427 | +98.3% |
| Profit (loss) for the period | 9904 | €12,021 | €30,390 | +€18,369 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €12,021 | €30,390 | +€18,369 | +153% |
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 22 October 2026 via checked.be.