COVANIMO: 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.
COVANIMO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€47,726
up €47,726 (+2.5%), from €1.9m to €2.0m
- Reserves -€41,289
down €41,289 (-8.4%), from €489,533 to €448,244
of which Tax-exempt reserves: -€41,289
- Other operating charges -€26,901
down €26,901 (-96.4%), from €27,900 to €998
- Gross operating margin -€6,896
down €6,896 (-98.3%), from €7,013 to €117
- Taxes +€5,654
up €5,654 (+47.2%), from €11,972 to €17,626
- Financial charges -€712
down €712 (-42.1%), from €1,691 to €979
- Financial income -€225
down €225 (-69.5%), from €323 to €99
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 | €2,739,642 | €2,728,427 | -€11,216 | -0.4% |
| Fixed assets | 21/28 | €2,700,000 | €2,700,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,700,000 | €2,700,000 | = | 0.0% |
| Current assets | 29/58 | €39,642 | €28,427 | -€11,216 | -28.3% |
| Amounts receivable within one year | 40/41 | €39,516 | €27,063 | -€12,453 | -31.5% |
| Trade receivables | 40 | €12,157 | €10,746 | -€1,410 | -11.6% |
| Other amounts receivable | 41 | €27,359 | €16,317 | -€11,042 | -40.4% |
| Cash at bank and in hand | 54/58 | €126 | €1,363 | +€1,237 | +979% |
| Total equity and liabilities | 10/49 | €2,739,642 | €2,728,427 | -€11,216 | -0.4% |
| Equity | 10/15 | €2,474,947 | €2,481,384 | +€6,437 | +0.3% |
| Contributions | 10/11 | €63,681 | €63,681 | = | 0.0% |
| Capital | 10 | €63,681 | €63,681 | = | 0.0% |
| Issued capital | 100 | €63,681 | €63,681 | = | 0.0% |
| Reserves | 13 | €489,533 | €448,244 | -€41,289 | -8.4% |
| Non-distributable reserves | 130/1 | €6,368 | €6,368 | = | 0.0% |
| Legal reserve | 130 | €6,368 | €6,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €483,165 | €441,876 | -€41,289 | -8.5% |
| Profit (loss) carried forward | 14 | €1,921,733 | €1,969,459 | +€47,726 | +2.5% |
| Provisions and deferred taxes | 16 | €239,665 | €213,840 | -€25,825 | -10.8% |
| Deferred taxes | 168 | €239,665 | €213,840 | -€25,825 | -10.8% |
| Amounts payable | 17/49 | €25,031 | €33,203 | +€8,172 | +32.6% |
| Amounts payable within one year | 42/48 | €25,031 | €33,203 | +€8,172 | +32.6% |
| Trade debts | 44 | €13,059 | €15,830 | +€2,771 | +21.2% |
| Suppliers | 440/4 | €13,059 | €15,830 | +€2,771 | +21.2% |
| Taxes, remuneration and social security | 45 | €11,972 | €17,373 | +€5,401 | +45.1% |
| Taxes | 450/3 | €11,972 | €17,373 | +€5,401 | +45.1% |
| Other operating charges | 640/8 | €27,900 | €998 | -€26,901 | -96.4% |
| Gross operating margin | 9900 | €7,013 | €117 | -€6,896 | -98.3% |
| Operating profit (loss) | 9901 | -€20,887 | -€882 | +€20,005 | +95.8% |
| Financial income | 75/76B | €323 | €99 | -€225 | -69.5% |
| Recurring financial income | 75 | €323 | €99 | -€225 | -69.5% |
| Financial charges | 65/66B | €1,691 | €979 | -€712 | -42.1% |
| Recurring financial charges | 65 | €1,691 | €979 | -€712 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,254 | -€1,762 | +€20,492 | +92.1% |
| Transfer from deferred taxes | 780 | €25,825 | €25,825 | = | 0.0% |
| Income taxes | 67/77 | €11,972 | €17,626 | +€5,654 | +47.2% |
| Profit (loss) for the period | 9904 | -€8,401 | €6,437 | +€14,838 | |
| Transfer from tax-exempt reserves | 789 | €41,289 | €41,289 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,888 | €47,726 | +€14,838 | +45.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.