COVERDU: 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.
COVERDU
Largest movements
- Tangible fixed assets -€14,426
down €14,426 (-6.5%), from €221,191 to €206,765
- Receivables within one year +€13,048
up €13,048 (+36.7%), from €35,596 to €48,644
- Cash -€4,802
no longer reported in 2025 (was €4,802)
mainly Debts after one year (-€14,389) and Receivables within one year (-€13,048)
- Debts after one year -€14,389
down €14,389 (-85.5%), from €16,820 to €2,431
- Profit (loss) carried forward +€5,051
up €5,051 (+81.3%), from €6,215 to €11,266
- Other operating charges -€2,450
down €2,450 (-94.4%), from €2,594 to €144
- Gross operating margin +€2,150
up €2,150 (+10.8%), from €19,820 to €21,970
- Taxes +€1,455
up €1,455 (+333.1%), from €437 to €1,892
- Staff costs -€384
no longer reported in 2025 (was €384)
- Financial charges -€318
down €318 (-41.1%), from €774 to €456
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 | €261,823 | €255,409 | -€6,414 | -2.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €221,191 | €206,765 | -€14,426 | -6.5% |
| Tangible fixed assets | 22/27 | €221,191 | €206,765 | -€14,426 | -6.5% |
| Land and buildings | 22 | €221,191 | €206,765 | -€14,426 | -6.5% |
| Current assets | 29/58 | €40,632 | €48,644 | +€8,012 | +19.7% |
| Amounts receivable within one year | 40/41 | €35,596 | €48,644 | +€13,048 | +36.7% |
| Other amounts receivable | 41 | €35,596 | €48,644 | +€13,048 | +36.7% |
| Cash at bank and in hand | 54/58 | €4,802 | - | -€4,802 | |
| Deferred charges and accrued income | 490/1 | €234 | - | -€234 | |
| Total equity and liabilities | 10/49 | €261,823 | €255,409 | -€6,414 | -2.4% |
| Equity | 10/15 | €230,517 | €235,568 | +€5,051 | +2.2% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €14,302 | €14,302 | = | 0.0% |
| Distributable reserves | 133 | €14,302 | €14,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,215 | €11,266 | +€5,051 | +81.3% |
| Amounts payable | 17/49 | €31,306 | €19,841 | -€11,465 | -36.6% |
| Amounts payable after more than one year | 17 | €16,820 | €2,431 | -€14,389 | -85.5% |
| Financial debts | 170/4 | €16,820 | €2,431 | -€14,389 | -85.5% |
| Amounts payable within one year | 42/48 | €14,486 | €17,040 | +€2,554 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €14,048 | €14,389 | +€341 | +2.4% |
| Trade debts | 44 | €0 | €321 | +€321 | |
| Suppliers | 440/4 | €0 | €321 | +€321 | |
| Taxes, remuneration and social security | 45 | €438 | €2,330 | +€1,892 | +432.1% |
| Taxes | 450/3 | €438 | €2,330 | +€1,892 | +432.1% |
| Accrued charges and deferred income | 492/3 | - | €371 | +€371 | |
| Remuneration, social security and pensions | 62 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,426 | €14,426 | = | 0.0% |
| Other operating charges | 640/8 | €2,594 | €144 | -€2,450 | -94.4% |
| Gross operating margin | 9900 | €19,820 | €21,970 | +€2,150 | +10.8% |
| Operating profit (loss) | 9901 | €2,415 | €7,399 | +€4,984 | +206.4% |
| Financial charges | 65/66B | €774 | €456 | -€318 | -41.1% |
| Recurring financial charges | 65 | €774 | €456 | -€318 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €1,641 | €6,943 | +€5,302 | +323.2% |
| Income taxes | 67/77 | €437 | €1,892 | +€1,455 | +333.1% |
| Profit (loss) for the period | 9904 | €1,204 | €5,051 | +€3,847 | +319.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,204 | €5,051 | +€3,847 | +319.6% |
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 6 October 2026 via checked.be.