Cover It All: 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.
Cover It All
Largest movements
- Receivables within one year +€100,999
up €100,999 (+1,104%), from €9,149 to €110,148
of which Other amounts receivable: +€109,999
- Cash -€6,980
down €6,980 (-71.2%), from €9,807 to €2,827
mainly Receivables within one year (-€100,999) and Other debts (-€10,000)
- Tangible fixed assets +€4,194
new in 2025: €4,194
- Reserves +€69,319
up €69,319 (+1,660%), from €4,175 to €73,494
- Tax, wage and social debts +€35,832
up €35,832 (+2,575%), from €1,392 to €37,224
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€3,077
up €3,077 (+319%), from €965 to €4,042
- Gross operating margin +€81,517
up €81,517 (+1,445%), from €5,641 to €87,158
- Taxes +€15,949
up €15,949 (+1,146%), from €1,392 to €17,341
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 | €19,031 | €117,259 | +€98,228 | +516% |
| Fixed assets | 21/28 | - | €4,194 | +€4,194 | |
| Tangible fixed assets | 22/27 | - | €4,194 | +€4,194 | |
| Furniture and vehicles | 24 | - | €4,194 | +€4,194 | |
| Current assets | 29/58 | €19,031 | €113,065 | +€94,033 | +494% |
| Amounts receivable within one year | 40/41 | €9,149 | €110,148 | +€100,999 | +1,104% |
| Trade receivables | 40 | €9,000 | - | -€9,000 | |
| Other amounts receivable | 41 | €149 | €110,148 | +€109,999 | +73,775% |
| Cash at bank and in hand | 54/58 | €9,807 | €2,827 | -€6,980 | -71.2% |
| Deferred charges and accrued income | 490/1 | €75 | €90 | +€15 | +19.6% |
| Total equity and liabilities | 10/49 | €19,031 | €117,259 | +€98,228 | +516% |
| Equity | 10/15 | €6,675 | €75,994 | +€69,319 | +1,038% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,175 | €73,494 | +€69,319 | +1,660% |
| Distributable reserves | 133 | €4,175 | €73,494 | +€69,319 | +1,660% |
| Amounts payable | 17/49 | €12,356 | €41,265 | +€28,909 | +234% |
| Amounts payable within one year | 42/48 | €12,356 | €41,265 | +€28,909 | +234% |
| Trade debts | 44 | €965 | €4,042 | +€3,077 | +319% |
| Suppliers | 440/4 | €965 | €4,042 | +€3,077 | +319% |
| Taxes, remuneration and social security | 45 | €1,392 | €37,224 | +€35,832 | +2,575% |
| Taxes | 450/3 | €1,392 | €37,224 | +€35,832 | +2,575% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €5,641 | €87,158 | +€81,517 | +1,445% |
| Operating profit (loss) | 9901 | €5,641 | €87,107 | +€81,467 | +1,444% |
| Financial charges | 65/66B | €74 | €448 | +€374 | +507% |
| Recurring financial charges | 65 | €74 | €448 | +€374 | +507% |
| Profit (loss) for the period before taxes | 9903 | €5,567 | €86,659 | +€81,093 | +1,457% |
| Income taxes | 67/77 | €1,392 | €17,341 | +€15,949 | +1,146% |
| Profit (loss) for the period | 9904 | €4,175 | €69,319 | +€65,143 | +1,560% |
| Profit (loss) for the period to be appropriated | 9905 | €4,175 | €69,319 | +€65,143 | +1,560% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.