COVAVE: what changed
Two fiscal 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.
COVAVE
Largest movements
- Receivables within one year -€12,685
no longer reported in 2025 (was €12,685)
- Cash -€990
down €990 (-87.6%), from €1,131 to €141
mainly Net result for the year (-€13,834)
- Tangible fixed assets -€159
down €159 (-48.7%), from €327 to €168
- Profit (loss) carried forward -€13,834
down €13,834 (-182.5%), from -€7,580 to -€21,414
- Other operating charges +€12,187
up €12,187 (+3170.2%), from €384 to €12,572
- Gross operating margin -€718
down €718 (-326.3%), from -€220 to -€938
- Financial charges +€25
up €25 (+18.1%), from €140 to €165
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.
Cash bridge derived
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 | €14,143 | €309 | -€13,834 | -97.8% |
| Fixed assets | 21/28 | €327 | €168 | -€159 | -48.7% |
| Tangible fixed assets | 22/27 | €327 | €168 | -€159 | -48.7% |
| Furniture and vehicles | 24 | €327 | €168 | -€159 | -48.7% |
| Current assets | 29/58 | €13,816 | €141 | -€13,675 | -99.0% |
| Amounts receivable within one year | 40/41 | €12,685 | - | -€12,685 | |
| Other amounts receivable | 41 | €12,685 | - | -€12,685 | |
| Cash at bank and in hand | 54/58 | €1,131 | €141 | -€990 | -87.6% |
| Total equity and liabilities | 10/49 | €14,143 | €309 | -€13,834 | -97.8% |
| Equity | 10/15 | €11,084 | -€2,750 | -€13,834 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64 | €64 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64 | €64 | = | 0.0% |
| Other | 1319 | €64 | €64 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,580 | -€21,414 | -€13,834 | -182.5% |
| Amounts payable | 17/49 | €3,059 | €3,059 | = | 0.0% |
| Amounts payable after more than one year | 17 | €2,792 | €2,792 | = | 0.0% |
| Other amounts payable | 178/9 | €2,792 | €2,792 | = | 0.0% |
| Amounts payable within one year | 42/48 | €267 | €267 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €267 | €267 | = | 0.0% |
| Taxes | 450/3 | €267 | €267 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €159 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €12,572 | +€12,187 | +3170.2% |
| Gross operating margin | 9900 | -€220 | -€938 | -€718 | -326.3% |
| Operating profit (loss) | 9901 | -€764 | -€13,670 | -€12,906 | -1689.2% |
| Financial charges | 65/66B | €140 | €165 | +€25 | +18.1% |
| Recurring financial charges | 65 | €140 | €165 | +€25 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€904 | -€13,834 | -€12,931 | -1431.1% |
| Profit (loss) for the period | 9904 | -€904 | -€13,834 | -€12,931 | -1431.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€904 | -€13,834 | -€12,931 | -1431.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.