COVERBO: 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.
COVERBO
Largest movements
- Cash -€48,700
down €48,700 (-26.5%), from €183,829 to €135,130
mainly Net result for the year (-€42,046) and Investment in fixed assets (net) (-€25,114)
- Receivables within one year -€9,141
down €9,141 (-35.8%), from €25,500 to €16,359
of which Other amounts receivable: -€6,964
- Tangible fixed assets -€7,173
down €7,173 (-6.8%), from €106,054 to €98,881
of which Plant, machinery and equipment: -€18,916
- Reserves -€42,046
down €42,046 (-10.2%), from €414,005 to €371,959
of which Distributable reserves: -€42,046
- Other debts -€23,254
down €23,254 (-71.6%), from €32,489 to €9,234
- Tax, wage and social debts -€5,649
down €5,649 (-96.9%), from €5,833 to €184
- Trade debts +€5,517
up €5,517 (+150.8%), from €3,659 to €9,176
- Gross operating margin -€23,527
down €23,527, from €14,714 to -€8,812
- Depreciation +€2,045
up €2,045 (+6.8%), from €30,242 to €32,287
- Staff costs -€1,038
down €1,038, from €0 to -€1,038
- Other operating charges -€345
down €345 (-19.1%), from €1,807 to €1,462
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 | €517,986 | €452,554 | -€65,433 | -12.6% |
| Fixed assets | 21/28 | €106,054 | €98,881 | -€7,173 | -6.8% |
| Tangible fixed assets | 22/27 | €106,054 | €98,881 | -€7,173 | -6.8% |
| Plant, machinery and equipment | 23 | €62,909 | €43,993 | -€18,916 | -30.1% |
| Furniture and vehicles | 24 | €37,724 | €25,321 | -€12,403 | -32.9% |
| Other tangible fixed assets | 26 | €5,421 | €29,567 | +€24,146 | +445.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €411,933 | €353,673 | -€58,260 | -14.1% |
| Amounts receivable within one year | 40/41 | €25,500 | €16,359 | -€9,141 | -35.8% |
| Trade receivables | 40 | €15,730 | €13,553 | -€2,177 | -13.8% |
| Other amounts receivable | 41 | €9,770 | €2,806 | -€6,964 | -71.3% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,829 | €135,130 | -€48,700 | -26.5% |
| Deferred charges and accrued income | 490/1 | €2,603 | €2,184 | -€419 | -16.1% |
| Total equity and liabilities | 10/49 | €517,986 | €452,554 | -€65,433 | -12.6% |
| Equity | 10/15 | €476,005 | €433,959 | -€42,046 | -8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €414,005 | €371,959 | -€42,046 | -10.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €407,805 | €365,759 | -€42,046 | -10.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €41,981 | €18,594 | -€23,387 | -55.7% |
| Amounts payable within one year | 42/48 | €41,981 | €18,594 | -€23,387 | -55.7% |
| Trade debts | 44 | €3,659 | €9,176 | +€5,517 | +150.8% |
| Suppliers | 440/4 | €3,659 | €9,176 | +€5,517 | +150.8% |
| Taxes, remuneration and social security | 45 | €5,833 | €184 | -€5,649 | -96.9% |
| Taxes | 450/3 | €5,833 | €184 | -€5,649 | -96.9% |
| Other amounts payable | 47/48 | €32,489 | €9,234 | -€23,254 | -71.6% |
| Remuneration, social security and pensions | 62 | €0 | -€1,038 | -€1,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,242 | €32,287 | +€2,045 | +6.8% |
| Other operating charges | 640/8 | €1,807 | €1,462 | -€345 | -19.1% |
| Gross operating margin | 9900 | €14,714 | -€8,812 | -€23,527 | |
| Operating profit (loss) | 9901 | -€17,335 | -€41,523 | -€24,188 | -139.5% |
| Financial income | 75/76B | €2 | €2 | +€0 | +3.4% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +3.4% |
| Financial charges | 65/66B | €253 | €268 | +€16 | +6.2% |
| Recurring financial charges | 65 | €253 | €268 | +€16 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,585 | -€41,789 | -€24,204 | -137.6% |
| Income taxes | 67/77 | €230 | €257 | +€27 | +11.8% |
| Profit (loss) for the period | 9904 | -€17,815 | -€42,046 | -€24,231 | -136.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,815 | -€42,046 | -€24,231 | -136.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.