COVAS Consulting: 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.
COVAS Consulting
Largest movements
- Cash +€7,127
up €7,127 (+63.7%), from €11,190 to €18,317
mainly Current investments (+€5,000) and Net result for the year (+€4,639)
- Current investments -€5,000
down €5,000 (-9.1%), from €55,000 to €50,000
- Reserves +€4,639
up €4,639 (+10.9%), from €42,498 to €47,137
- Tax, wage and social debts -€2,839
down €2,839 (-18.9%), from €15,042 to €12,203
- Turnover -€103,818
down €103,818 (-95.9%), from €108,218 to €4,400
- Gross operating margin -€76,819
down €76,819 (-99.0%), from €77,574 to €755
- Purchases and services -€26,524
down €26,524 (-86.6%), from €30,644 to €4,120
- Other operating charges -€19,522
down €19,522 (-99.2%), from €19,672 to €150
- Taxes -€16,439
down €16,439, from €14,500 to -€1,939
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 | €67,575 | €69,340 | +€1,765 | +2.6% |
| Fixed assets | 21/28 | €487 | €162 | -€325 | -66.7% |
| Tangible fixed assets | 22/27 | €487 | €162 | -€325 | -66.7% |
| Plant, machinery and equipment | 23 | €487 | €162 | -€325 | -66.7% |
| Current assets | 29/58 | €67,088 | €69,178 | +€2,090 | +3.1% |
| Current investments | 50/53 | €55,000 | €50,000 | -€5,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €11,190 | €18,317 | +€7,127 | +63.7% |
| Deferred charges and accrued income | 490/1 | €898 | €861 | -€37 | -4.1% |
| Total equity and liabilities | 10/49 | €67,575 | €69,340 | +€1,765 | +2.6% |
| Equity | 10/15 | €52,498 | €57,137 | +€4,639 | +8.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €42,498 | €47,137 | +€4,639 | +10.9% |
| Distributable reserves | 133 | €42,498 | €47,137 | +€4,639 | +10.9% |
| Amounts payable | 17/49 | €15,077 | €12,203 | -€2,874 | -19.1% |
| Amounts payable within one year | 42/48 | €15,077 | €12,203 | -€2,874 | -19.1% |
| Trade debts | 44 | €35 | - | -€35 | |
| Suppliers | 440/4 | €35 | - | -€35 | |
| Taxes, remuneration and social security | 45 | €15,042 | €12,203 | -€2,839 | -18.9% |
| Taxes | 450/3 | €15,042 | €12,203 | -€2,839 | -18.9% |
| Turnover | 70 | €108,218 | €4,400 | -€103,818 | -95.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,644 | €4,120 | -€26,524 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €325 | -€162 | -33.3% |
| Other operating charges | 640/8 | €19,672 | €150 | -€19,522 | -99.2% |
| Gross operating margin | 9900 | €77,574 | €755 | -€76,819 | -99.0% |
| Operating profit (loss) | 9901 | €57,415 | €280 | -€57,135 | -99.5% |
| Financial income | 75/76B | - | €2,498 | +€2,498 | |
| Recurring financial income | 75 | - | €2,498 | +€2,498 | |
| Financial charges | 65/66B | €417 | €78 | -€339 | -81.3% |
| Recurring financial charges | 65 | €417 | €78 | -€339 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €56,998 | €2,700 | -€54,298 | -95.3% |
| Income taxes | 67/77 | €14,500 | -€1,939 | -€16,439 | |
| Profit (loss) for the period | 9904 | €42,498 | €4,639 | -€37,859 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,498 | €4,639 | -€37,859 | -89.1% |
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 25 October 2026 via checked.be.