COVAN FOOD: what changed
What changed
COVAN FOOD
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€21,147
2024 · -€10,687+€31,834
Equity
€15,460
2024 · -€5,687+€21,147
Cash
€41,196
2024 · €37,710+€3,485
Balance sheet total
€213,148
2024 · €227,424-€14,276
Largest movements
Assets
- Intangible fixed assets -€15,000
down €15,000 (-10.7%), from €139,890 to €124,890
- Cash +€3,485
up €3,485 (+9.2%), from €37,710 to €41,196
mainly Depreciation (+€21,723) and Net result for the year (+€21,147)
Equity and liabilities
- Trade debts -€41,608
down €41,608 (-25.5%), from €163,157 to €121,549
- Profit (loss) carried forward +€21,147
up €21,147, from -€10,687 to €10,460
- Tax, wage and social debts +€16,954
up €16,954 (+99.5%), from €17,035 to €33,989
of which Remuneration and social security: +€10,812
- Debts after one year -€13,598
down €13,598 (-58.7%), from €23,151 to €9,553
Income statement
- Gross operating margin +€213,306
up €213,306 (+258%), from €82,703 to €296,009
- Staff costs +€164,725
up €164,725 (+214%), from €77,031 to €241,756
- Depreciation +€9,397
up €9,397 (+76.2%), from €12,327 to €21,723
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
-€10,687
Gross operating margin
+€213,306
Staff costs
-€164,725
Depreciation
-€9,397
Other operating charges
-€2,576
Financial income
+€3
Financial charges
-€2,243
Taxes
-€2,533
Result 2025
€21,147
raises the resultlowers the result
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
+€21,005
Investment
-€4,751
Financing
-€12,769
Cash 2024
€37,710
From operations (derived)
+€21,005
Net result for the year
+€21,147
Depreciation
+€21,723
Stocks and contracts
+€517
Receivables within one year
+€89
Deferred charges and accrued income
+€183
Trade debts
-€41,608
Tax, wage and social debts
+€16,954
Other debts
+€2,000
Investment (derived)
-€4,751
Investment in fixed assets (net)
-€4,751
Financing
-€12,769
Debts after one year
-€13,598
Current portion of long-term debt
+€829
Cash 2025
€41,196
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,424 | €213,148 | -€14,276 | -6.3% |
| Fixed assets | 21/28 | €178,939 | €161,966 | -€16,973 | -9.5% |
| Intangible fixed assets | 21 | €139,890 | €124,890 | -€15,000 | -10.7% |
| Tangible fixed assets | 22/27 | €39,049 | €37,076 | -€1,973 | -5.1% |
| Plant, machinery and equipment | 23 | €12,750 | €9,998 | -€2,751 | -21.6% |
| Furniture and vehicles | 24 | €10,595 | €8,308 | -€2,287 | -21.6% |
| Other tangible fixed assets | 26 | €15,704 | €18,770 | +€3,066 | +19.5% |
| Current assets | 29/58 | €48,485 | €51,182 | +€2,697 | +5.6% |
| Stocks and contracts in progress | 3 | €9,005 | €8,488 | -€517 | -5.7% |
| Stocks | 30/36 | €9,005 | €8,488 | -€517 | -5.7% |
| Amounts receivable within one year | 40/41 | €1,425 | €1,336 | -€89 | -6.3% |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | €1,425 | €1,335 | -€89 | -6.3% |
| Cash at bank and in hand | 54/58 | €37,710 | €41,196 | +€3,485 | +9.2% |
| Deferred charges and accrued income | 490/1 | €345 | €163 | -€183 | -52.9% |
| Total equity and liabilities | 10/49 | €227,424 | €213,148 | -€14,276 | -6.3% |
| Equity | 10/15 | -€5,687 | €15,460 | +€21,147 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,687 | €10,460 | +€21,147 | |
| Amounts payable | 17/49 | €233,111 | €197,688 | -€35,423 | -15.2% |
| Amounts payable after more than one year | 17 | €23,151 | €9,553 | -€13,598 | -58.7% |
| Financial debts | 170/4 | €23,151 | €9,553 | -€13,598 | -58.7% |
| Amounts payable within one year | 42/48 | €209,961 | €188,136 | -€21,825 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €12,769 | €13,598 | +€829 | +6.5% |
| Trade debts | 44 | €163,157 | €121,549 | -€41,608 | -25.5% |
| Suppliers | 440/4 | €163,157 | €121,549 | -€41,608 | -25.5% |
| Taxes, remuneration and social security | 45 | €17,035 | €33,989 | +€16,954 | +99.5% |
| Taxes | 450/3 | €5,835 | €11,976 | +€6,141 | +105% |
| Remuneration and social security | 454/9 | €11,200 | €22,013 | +€10,812 | +96.5% |
| Other amounts payable | 47/48 | €17,000 | €19,000 | +€2,000 | +11.8% |
| Non-recurring operating income | 76A | - | €253 | +€253 | |
| Remuneration, social security and pensions | 62 | €77,031 | €241,756 | +€164,725 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,327 | €21,723 | +€9,397 | +76.2% |
| Other operating charges | 640/8 | €1,504 | €4,080 | +€2,576 | +171% |
| Gross operating margin | 9900 | €82,703 | €296,009 | +€213,306 | +258% |
| Operating profit (loss) | 9901 | -€8,158 | €28,450 | +€36,608 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +30,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +30,200% |
| Financial charges | 65/66B | €2,529 | €4,772 | +€2,243 | +88.7% |
| Recurring financial charges | 65 | €2,529 | €4,772 | +€2,243 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,687 | €23,680 | +€34,368 | |
| Income taxes | 67/77 | - | €2,533 | +€2,533 | |
| Profit (loss) for the period | 9904 | -€10,687 | €21,147 | +€31,834 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,687 | €21,147 | +€31,834 |
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 5 November 2026 via checked.be.