COVAMO: what changed
What changed
COVAMO
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€801,481
2024 · €569,248+€232,232
Equity
€2.0m
2024 · €1.2m+€801,481
Cash
€856,703
2024 · €1.4m-€582,817
Balance sheet total
€22.4m
2024 · €23.9m-€1.5m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-27.0%), from €7.3m to €5.4m
of which Trade receivables: -€1.5m
- Stocks and contracts +€885,624
up €885,624 (+9.6%), from €9.2m to €10.1m
- Cash -€582,817
down €582,817 (-40.5%), from €1.4m to €856,703
mainly Trade debts (-€1.1m) and Stocks and contracts (-€885,624)
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-7.2%), from €15.4m to €14.3m
- Short-term financial debts -€885,000
down €885,000 (-54.1%), from €1.6m to €750,000
- Profit (loss) carried forward +€801,481
up €801,481 (+74.1%), from €1.1m to €1.9m
- Other debts -€323,678
down €323,678 (-73.9%), from €438,201 to €114,523
Income statement
- Turnover +€19.2m
up €19.2m (+26.2%), from €73.1m to €92.3m
- Goods and materials +€19.0m
up €19.0m (+26.9%), from €70.5m to €89.5m
of which Purchases: +€17.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€569,248
Turnover
+€19.2m
Other operating income
+€602,293
Goods and materials
-€19.0m
Services and other goods
-€165,866
Staff costs
-€147,317
Depreciation
-€116,057
Write-downs
-€116,578
Other operating charges
-€10,718
Other operating items
+€43,711
Financial income
-€6,176
Financial charges
+€30,568
Taxes
-€73,128
Result 2025
€801,481
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€644,535
Investment
-€402,604
Financing
-€824,748
Cash 2024
€1.4m
From operations (derived)
+€644,535
Net result for the year
+€801,481
Depreciation
+€225,881
Stocks and contracts
-€885,624
Receivables within one year
+€2.0m
Deferred charges and accrued income
+€23,416
Trade debts
-€1.1m
Tax, wage and social debts
-€16,165
Advances received
-€57,709
Other debts
-€323,678
Accrued charges and deferred income
-€3,001
Investment (derived)
-€402,604
Investment in fixed assets (net)
-€402,604
Financing
-€824,748
Debts after one year
+€19,697
Current portion of long-term debt
+€40,555
Short-term financial debts
-€885,000
Cash 2025
€856,703
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,920,277 | €22,395,777 | -€1.5m | -6.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,613,556 | €5,790,279 | +€176,723 | +3.1% |
| Tangible fixed assets | 22/27 | €1,313,056 | €1,489,779 | +€176,723 | +13.5% |
| Plant, machinery and equipment | 23 | €52,281 | €58,304 | +€6,024 | +11.5% |
| Furniture and vehicles | 24 | €155,694 | €252,734 | +€97,041 | +62.3% |
| Other tangible fixed assets | 26 | €1,105,081 | €1,178,740 | +€73,659 | +6.7% |
| Financial fixed assets | 28 | €4,300,500 | €4,300,500 | = | 0.0% |
| Affiliated companies | 280/1 | €4,300,000 | €4,300,000 | = | 0.0% |
| Participating interests | 280 | €4,300,000 | €4,300,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €18,306,722 | €16,605,499 | -€1.7m | -9.3% |
| Stocks and contracts in progress | 3 | €9,190,165 | €10,075,789 | +€885,624 | +9.6% |
| Stocks | 30/36 | €9,190,165 | €10,075,789 | +€885,624 | +9.6% |
| Goods purchased for resale | 34 | €9,190,165 | €10,075,789 | +€885,624 | +9.6% |
| Amounts receivable within one year | 40/41 | €7,344,637 | €5,364,023 | -€2.0m | -27.0% |
| Trade receivables | 40 | €6,647,499 | €5,119,758 | -€1.5m | -23.0% |
| Other amounts receivable | 41 | €697,138 | €244,265 | -€452,873 | -65.0% |
| Cash at bank and in hand | 54/58 | €1,439,520 | €856,703 | -€582,817 | -40.5% |
| Deferred charges and accrued income | 490/1 | €332,400 | €308,984 | -€23,416 | -7.0% |
| Total equity and liabilities | 10/49 | €23,920,277 | €22,395,777 | -€1.5m | -6.4% |
| Equity | 10/15 | €1,231,184 | €2,032,664 | +€801,481 | +65.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,081,184 | €1,882,664 | +€801,481 | +74.1% |
| Amounts payable | 17/49 | €22,689,093 | €20,363,113 | -€2.3m | -10.3% |
| Amounts payable after more than one year | 17 | €3,910,864 | €3,930,561 | +€19,697 | +0.5% |
| Financial debts | 170/4 | €2,710,864 | €2,230,561 | -€480,303 | -17.7% |
| Credit institutions | 173 | €2,710,864 | €2,230,561 | -€480,303 | -17.7% |
| Other amounts payable | 178/9 | €1,200,000 | €1,700,000 | +€500,000 | +41.7% |
| Amounts payable within one year | 42/48 | €18,552,510 | €16,209,833 | -€2.3m | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €600,522 | €641,078 | +€40,555 | +6.8% |
| Financial debts | 43 | €1,635,000 | €750,000 | -€885,000 | -54.1% |
| Credit institutions | 430/8 | €1,635,000 | €750,000 | -€885,000 | -54.1% |
| Trade debts | 44 | €15,386,587 | €14,285,907 | -€1.1m | -7.2% |
| Suppliers | 440/4 | €15,386,587 | €14,285,907 | -€1.1m | -7.2% |
| Advances received on contracts in progress | 46 | €231,096 | €173,387 | -€57,709 | -25.0% |
| Taxes, remuneration and social security | 45 | €261,103 | €244,939 | -€16,165 | -6.2% |
| Taxes | 450/3 | €69,558 | €36,264 | -€33,294 | -47.9% |
| Remuneration and social security | 454/9 | €191,545 | €208,675 | +€17,129 | +8.9% |
| Other amounts payable | 47/48 | €438,201 | €114,523 | -€323,678 | -73.9% |
| Accrued charges and deferred income | 492/3 | €225,719 | €222,718 | -€3,001 | -1.3% |
| Operating income | 70/76A | €74,395,406 | €94,181,264 | +€19.8m | +26.6% |
| Turnover | 70 | €73,123,997 | €92,307,563 | +€19.2m | +26.2% |
| Other operating income | 74 | €1,271,409 | €1,873,702 | +€602,293 | +47.4% |
| Operating charges | 60/66A | €73,621,803 | €93,126,693 | +€19.5m | +26.5% |
| Goods for resale, raw materials and consumables | 60 | €70,519,221 | €89,511,285 | +€19.0m | +26.9% |
| Purchases | 600/8 | €73,317,523 | €90,686,012 | +€17.4m | +23.7% |
| Change in stocks: decrease (increase) | 609 | -€2,798,302 | -€1,174,727 | +€1.6m | +58.0% |
| Services and other goods | 61 | €1,458,651 | €1,624,517 | +€165,866 | +11.4% |
| Remuneration, social security and pensions | 62 | €1,283,821 | €1,431,137 | +€147,317 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,825 | €225,881 | +€116,057 | +106% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €172,525 | €289,103 | +€116,578 | +67.6% |
| Other operating charges | 640/8 | €34,051 | €44,769 | +€10,718 | +31.5% |
| Non-recurring operating charges | 66A | €43,711 | - | -€43,711 | |
| Operating profit (loss) | 9901 | €773,603 | €1,054,572 | +€280,969 | +36.3% |
| Financial income | 75/76B | €457,640 | €451,464 | -€6,176 | -1.3% |
| Recurring financial income | 75 | €457,640 | €451,464 | -€6,176 | -1.3% |
| Income from financial fixed assets | 750 | €450,000 | €450,000 | = | 0.0% |
| Other financial income | 752/9 | €7,640 | €1,464 | -€6,176 | -80.8% |
| Financial charges | 65/66B | €610,361 | €579,793 | -€30,568 | -5.0% |
| Recurring financial charges | 65 | €579,060 | €579,793 | +€733 | +0.1% |
| Debt charges | 650 | €545,696 | €572,246 | +€26,550 | +4.9% |
| Other financial charges | 652/9 | €33,363 | €7,547 | -€25,816 | -77.4% |
| Non-recurring financial charges | 66B | €31,301 | - | -€31,301 | |
| Profit (loss) for the period before taxes | 9903 | €620,882 | €926,242 | +€305,360 | +49.2% |
| Income taxes | 67/77 | €51,634 | €124,762 | +€73,128 | +142% |
| Taxes | 670/3 | €51,634 | €124,762 | +€73,128 | +142% |
| Profit (loss) for the period | 9904 | €569,248 | €801,481 | +€232,232 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €569,248 | €801,481 | +€232,232 | +40.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.