CoVerCo Accounting: what changed
What changed
CoVerCo Accounting
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€94,731
2024 · €106,943-€12,212
Equity
€52,498
2024 · €51,266+€1,231
Cash
€71,402
2024 · €79,054-€7,652
Balance sheet total
€922,310
2024 · €987,437-€65,127
Largest movements
Assets
- Intangible fixed assets -€65,349
down €65,349 (-10.1%), from €648,000 to €582,651
- Receivables within one year -€28,129
down €28,129 (-18.7%), from €150,777 to €122,648
of which Trade receivables: -€49,276
- Deferred charges and accrued income +€19,701
up €19,701 (+47.5%), from €41,442 to €61,143
- Current investments +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
Equity and liabilities
- Debts after one year -€79,738
down €79,738 (-13.2%), from €605,403 to €525,666
- Trade debts +€32,653
up €32,653 (+498%), from €6,555 to €39,208
- Tax, wage and social debts -€23,482
down €23,482 (-24.0%), from €97,956 to €74,474
of which Taxes: -€16,763
- Current portion of long-term debt +€15,850
up €15,850 (+15.0%), from €106,004 to €121,854
- Other debts -€10,231
down €10,231 (-9.5%), from €108,185 to €97,955
Income statement
- Other operating charges +€12,547
up €12,547 (+570%), from €2,201 to €14,748
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€106,943
Gross operating margin
-€5,246
Staff costs
+€5,100
Depreciation
-€1,655
Write-downs
-€1,070
Other operating charges
-€12,547
Financial income
-€504
Financial charges
+€3,543
Taxes
+€168
Result 2025
€94,731
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€192,082
Investment
-€42,346
Financing
-€157,388
Cash 2024
€79,054
From operations (derived)
+€192,082
Net result for the year
+€94,731
Depreciation
+€91,393
Receivables within one year
+€28,129
Deferred charges and accrued income
-€19,701
Trade debts
+€32,653
Tax, wage and social debts
-€23,482
Other debts
-€10,231
Accrued charges and deferred income
-€1,411
Investment (derived)
-€42,346
Investment in fixed assets (net)
-€32,346
Current investments
-€10,000
Financing
-€157,388
Debts after one year
-€79,738
Current portion of long-term debt
+€15,850
Contributions, distributions and other
-€93,500
Cash 2025
€71,402
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €987,437 | €922,310 | -€65,127 | -6.6% |
| Fixed assets | 21/28 | €666,164 | €607,116 | -€59,047 | -8.9% |
| Intangible fixed assets | 21 | €648,000 | €582,651 | -€65,349 | -10.1% |
| Tangible fixed assets | 22/27 | €18,164 | €24,465 | +€6,302 | +34.7% |
| Plant, machinery and equipment | 23 | €4,090 | €8,677 | +€4,587 | +112% |
| Furniture and vehicles | 24 | €14,073 | €15,789 | +€1,715 | +12.2% |
| Current assets | 29/58 | €321,273 | €315,193 | -€6,080 | -1.9% |
| Amounts receivable within one year | 40/41 | €150,777 | €122,648 | -€28,129 | -18.7% |
| Trade receivables | 40 | €150,319 | €101,044 | -€49,276 | -32.8% |
| Other amounts receivable | 41 | €458 | €21,604 | +€21,147 | +4,622% |
| Current investments | 50/53 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €79,054 | €71,402 | -€7,652 | -9.7% |
| Deferred charges and accrued income | 490/1 | €41,442 | €61,143 | +€19,701 | +47.5% |
| Total equity and liabilities | 10/49 | €987,437 | €922,310 | -€65,127 | -6.6% |
| Equity | 10/15 | €51,266 | €52,498 | +€1,231 | +2.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,266 | €2,498 | +€1,231 | +97.2% |
| Amounts payable | 17/49 | €936,170 | €869,812 | -€66,358 | -7.1% |
| Amounts payable after more than one year | 17 | €605,403 | €525,666 | -€79,738 | -13.2% |
| Financial debts | 170/4 | €605,403 | €525,666 | -€79,738 | -13.2% |
| Amounts payable within one year | 42/48 | €318,700 | €333,490 | +€14,790 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €106,004 | €121,854 | +€15,850 | +15.0% |
| Trade debts | 44 | €6,555 | €39,208 | +€32,653 | +498% |
| Suppliers | 440/4 | €6,555 | €39,208 | +€32,653 | +498% |
| Taxes, remuneration and social security | 45 | €97,956 | €74,474 | -€23,482 | -24.0% |
| Taxes | 450/3 | €57,391 | €40,628 | -€16,763 | -29.2% |
| Remuneration and social security | 454/9 | €40,565 | €33,846 | -€6,719 | -16.6% |
| Other amounts payable | 47/48 | €108,185 | €97,955 | -€10,231 | -9.5% |
| Accrued charges and deferred income | 492/3 | €12,067 | €10,656 | -€1,411 | -11.7% |
| Remuneration, social security and pensions | 62 | €303,695 | €298,596 | -€5,100 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,738 | €91,393 | +€1,655 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,364 | €3,434 | +€1,070 | +45.2% |
| Other operating charges | 640/8 | €2,201 | €14,748 | +€12,547 | +570% |
| Gross operating margin | 9900 | €548,803 | €543,556 | -€5,246 | -1.0% |
| Operating profit (loss) | 9901 | €150,805 | €135,386 | -€15,419 | -10.2% |
| Financial income | 75/76B | €1,854 | €1,350 | -€504 | -27.2% |
| Recurring financial income | 75 | €1,854 | €1,350 | -€504 | -27.2% |
| Financial charges | 65/66B | €27,121 | €23,579 | -€3,543 | -13.1% |
| Recurring financial charges | 65 | €27,121 | €23,579 | -€3,543 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €125,537 | €113,157 | -€12,380 | -9.9% |
| Income taxes | 67/77 | €18,594 | €18,426 | -€168 | -0.9% |
| Profit (loss) for the period | 9904 | €106,943 | €94,731 | -€12,212 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,943 | €94,731 | -€12,212 | -11.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.