COVANTOM: 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.
COVANTOM
Largest movements
- Cash -€7,332
down €7,332 (-25.4%), from €28,917 to €21,585
mainly Net result for the year (-€9,961) and Trade debts (-€1,330)
- Tangible fixed assets -€3,883
down €3,883 (-48.8%), from €7,958 to €4,075
of which Furniture and vehicles: -€3,398
- Profit (loss) carried forward -€9,961
down €9,961 (-29.8%), from €33,461 to €23,500
- Trade debts -€1,330
down €1,330 (-65.0%), from €2,045 to €715
- Gross operating margin -€7,467
down €7,467 (-15.8%), from €47,384 to €39,917
- Staff costs +€2,135
up €2,135 (+7.5%), from €28,639 to €30,774
- Other operating charges +€564
up €564 (+14.8%), from €3,803 to €4,367
- Financial charges +€549
up €549 (+5.3%), from €10,305 to €10,854
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 | €46,039 | €34,971 | -€11,068 | -24.0% |
| Fixed assets | 21/28 | €13,221 | €9,338 | -€3,883 | -29.4% |
| Tangible fixed assets | 22/27 | €7,958 | €4,075 | -€3,883 | -48.8% |
| Furniture and vehicles | 24 | €5,556 | €2,158 | -€3,398 | -61.2% |
| Other tangible fixed assets | 26 | €2,402 | €1,917 | -€485 | -20.2% |
| Financial fixed assets | 28 | €5,263 | €5,263 | = | 0.0% |
| Current assets | 29/58 | €32,818 | €25,633 | -€7,185 | -21.9% |
| Stocks and contracts in progress | 3 | €1,910 | €2,146 | +€236 | +12.4% |
| Stocks | 30/36 | €1,910 | €2,146 | +€236 | +12.4% |
| Amounts receivable within one year | 40/41 | €726 | €760 | +€34 | +4.7% |
| Trade receivables | 40 | €726 | €472 | -€254 | -35.0% |
| Other amounts receivable | 41 | - | €288 | +€288 | |
| Cash at bank and in hand | 54/58 | €28,917 | €21,585 | -€7,332 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,142 | -€123 | -9.7% |
| Total equity and liabilities | 10/49 | €46,039 | €34,971 | -€11,068 | -24.0% |
| Equity | 10/15 | €40,425 | €30,464 | -€9,961 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €764 | €764 | = | 0.0% |
| Distributable reserves | 133 | €764 | €764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,461 | €23,500 | -€9,961 | -29.8% |
| Amounts payable | 17/49 | €5,614 | €4,507 | -€1,107 | -19.7% |
| Amounts payable within one year | 42/48 | €5,614 | €4,507 | -€1,107 | -19.7% |
| Trade debts | 44 | €2,045 | €715 | -€1,330 | -65.0% |
| Suppliers | 440/4 | €2,045 | €715 | -€1,330 | -65.0% |
| Taxes, remuneration and social security | 45 | €2,719 | €3,072 | +€353 | +13.0% |
| Taxes | 450/3 | €402 | €971 | +€569 | +142% |
| Remuneration and social security | 454/9 | €2,317 | €2,101 | -€216 | -9.3% |
| Other amounts payable | 47/48 | €850 | €720 | -€130 | -15.3% |
| Remuneration, social security and pensions | 62 | €28,639 | €30,774 | +€2,135 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,908 | €3,883 | -€25 | -0.6% |
| Other operating charges | 640/8 | €3,803 | €4,367 | +€564 | +14.8% |
| Gross operating margin | 9900 | €47,384 | €39,917 | -€7,467 | -15.8% |
| Operating profit (loss) | 9901 | €11,034 | €893 | -€10,141 | -91.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €10,305 | €10,854 | +€549 | +5.3% |
| Recurring financial charges | 65 | €10,305 | €10,854 | +€549 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €734 | -€9,961 | -€10,695 | |
| Profit (loss) for the period | 9904 | €734 | -€9,961 | -€10,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €734 | -€9,961 | -€10,695 |
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 27 October 2026 via checked.be.