COVEIRS: 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.
COVEIRS
Largest movements
- Intangible fixed assets +€129,979
new in 2025: €129,979
- Receivables within one year -€35,584
down €35,584 (-24.2%), from €147,258 to €111,673
- Trade debts +€93,680
up €93,680 (+345%), from €27,148 to €120,828
- Profit (loss) carried forward -€10,610
down €10,610 (-22.2%), from -€47,835 to -€58,445
- Accrued charges and deferred income +€8,769
up €8,769 (+182%), from €4,820 to €13,588
- Gross operating margin +€40,179
up €40,179 (+96.5%), from -€41,632 to -€1,453
- Financial charges +€4,005
up €4,005 (+83.1%), from €4,820 to €8,825
- Depreciation -€665
down €665 (-66.7%), from €997 to €332
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 | €149,382 | €241,671 | +€92,289 | +61.8% |
| Formation expenses | 20 | €332 | - | -€332 | |
| Fixed assets | 21/28 | - | €129,979 | +€129,979 | |
| Intangible fixed assets | 21 | - | €129,979 | +€129,979 | |
| Current assets | 29/58 | €149,049 | €111,692 | -€37,358 | -25.1% |
| Amounts receivable within one year | 40/41 | €147,258 | €111,673 | -€35,584 | -24.2% |
| Other amounts receivable | 41 | €147,258 | €111,673 | -€35,584 | -24.2% |
| Cash at bank and in hand | 54/58 | €1,792 | €18 | -€1,773 | -99.0% |
| Total equity and liabilities | 10/49 | €149,382 | €241,671 | +€92,289 | +61.8% |
| Equity | 10/15 | -€47,835 | -€58,445 | -€10,610 | -22.2% |
| Profit (loss) carried forward | 14 | -€47,835 | -€58,445 | -€10,610 | -22.2% |
| Amounts payable | 17/49 | €197,217 | €300,116 | +€102,899 | +52.2% |
| Amounts payable after more than one year | 17 | €165,250 | €165,700 | +€450 | +0.3% |
| Financial debts | 170/4 | €165,250 | €165,700 | +€450 | +0.3% |
| Amounts payable within one year | 42/48 | €27,148 | €120,828 | +€93,680 | +345% |
| Trade debts | 44 | €27,148 | €120,828 | +€93,680 | +345% |
| Suppliers | 440/4 | €27,148 | €120,828 | +€93,680 | +345% |
| Accrued charges and deferred income | 492/3 | €4,820 | €13,588 | +€8,769 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €332 | -€665 | -66.7% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€41,632 | -€1,453 | +€40,179 | +96.5% |
| Operating profit (loss) | 9901 | -€43,016 | -€1,785 | +€41,231 | +95.8% |
| Financial charges | 65/66B | €4,820 | €8,825 | +€4,005 | +83.1% |
| Recurring financial charges | 65 | €4,820 | €8,825 | +€4,005 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,835 | -€10,610 | +€37,225 | +77.8% |
| Profit (loss) for the period | 9904 | -€47,835 | -€10,610 | +€37,225 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,835 | -€10,610 | +€37,225 | +77.8% |
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 23 October 2026 via checked.be.