COVENT: 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.
COVENT
Largest movements
- Cash +€78,026
up €78,026 (+221.1%), from €35,295 to €113,320
mainly Net result for the year (+€108,105) and Tax, wage and social debts (+€34,876)
- Current investments +€69,736
up €69,736 (+2.3%), from €3.0m to €3.1m
- Profit (loss) carried forward +€97,240
up €97,240, from -€33,174 to €64,066
- Tax, wage and social debts +€34,876
up €34,876, from €0 to €34,876
- Financial income +€139,686
up €139,686 (+134.6%), from €103,765 to €243,451
- Financial charges +€122,971
up €122,971, from -€56,966 to €66,005
of which Financial charges: +€122,695
- Taxes +€32,376
up €32,376 (+205.5%), from €15,758 to €48,134
- Gross operating margin -€1,585
down €1,585 (-11.8%), from -€13,478 to -€15,063
- Other operating charges +€828
up €828 (+15.6%), from €5,316 to €6,145
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 | €3,216,635 | €3,359,697 | +€143,062 | +4.4% |
| Fixed assets | 21/28 | €187,770 | €186,304 | -€1,467 | -0.8% |
| Financial fixed assets | 28 | €187,770 | €186,304 | -€1,467 | -0.8% |
| Current assets | 29/58 | €3,028,864 | €3,173,393 | +€144,529 | +4.8% |
| Amounts receivable within one year | 40/41 | €2,598 | €988 | -€1,610 | -62.0% |
| Other amounts receivable | 41 | €2,598 | €988 | -€1,610 | -62.0% |
| Current investments | 50/53 | €2,983,759 | €3,053,495 | +€69,736 | +2.3% |
| Cash at bank and in hand | 54/58 | €35,295 | €113,320 | +€78,026 | +221.1% |
| Deferred charges and accrued income | 490/1 | €7,213 | €5,590 | -€1,622 | -22.5% |
| Total equity and liabilities | 10/49 | €3,216,635 | €3,359,697 | +€143,062 | +4.4% |
| Equity | 10/15 | €3,214,627 | €3,315,614 | +€100,986 | +3.1% |
| Contributions | 10/11 | €3,241,601 | €3,241,601 | = | 0.0% |
| Capital | 10 | €3,241,601 | €3,241,601 | = | 0.0% |
| Issued capital | 100 | €3,241,601 | €3,241,601 | = | 0.0% |
| Reserves | 13 | €6,200 | €9,947 | +€3,747 | +60.4% |
| Non-distributable reserves | 130/1 | €6,200 | €9,947 | +€3,747 | +60.4% |
| Legal reserve | 130 | €6,200 | €9,947 | +€3,747 | +60.4% |
| Profit (loss) carried forward | 14 | -€33,174 | €64,066 | +€97,240 | |
| Amounts payable | 17/49 | €2,007 | €44,083 | +€42,076 | +2096.1% |
| Amounts payable within one year | 42/48 | €2,007 | €44,083 | +€42,076 | +2096.1% |
| Trade debts | 44 | €2,007 | €2,088 | +€81 | +4.0% |
| Suppliers | 440/4 | €2,007 | €2,088 | +€81 | +4.0% |
| Taxes, remuneration and social security | 45 | €0 | €34,876 | +€34,876 | |
| Taxes | 450/3 | €0 | €34,876 | +€34,876 | |
| Other amounts payable | 47/48 | €0 | €7,118 | +€7,118 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €5,316 | €6,145 | +€828 | +15.6% |
| Gross operating margin | 9900 | -€13,478 | -€15,063 | -€1,585 | -11.8% |
| Operating profit (loss) | 9901 | -€18,794 | -€21,207 | -€2,413 | -12.8% |
| Financial income | 75/76B | €103,765 | €243,451 | +€139,686 | +134.6% |
| Recurring financial income | 75 | €103,765 | €243,451 | +€139,686 | +134.6% |
| Financial charges | 65/66B | -€56,966 | €66,005 | +€122,971 | |
| Recurring financial charges | 65 | -€56,966 | €65,730 | +€122,695 | |
| Non-recurring financial charges | 66B | - | €275 | +€275 | |
| Profit (loss) for the period before taxes | 9903 | €141,936 | €156,239 | +€14,302 | +10.1% |
| Income taxes | 67/77 | €15,758 | €48,134 | +€32,376 | +205.5% |
| Profit (loss) for the period | 9904 | €126,179 | €108,105 | -€18,074 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €126,179 | €108,105 | -€18,074 | -14.3% |
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 3 October 2026 via checked.be.