Covered Consulting: 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.
Covered Consulting
Largest movements
- Receivables within one year +€76,810
up €76,810 (+136%), from €56,602 to €133,411
of which Trade receivables: +€115,279
- Contributions +€245,861
up €245,861 (+397%), from €62,000 to €307,861
- Profit (loss) carried forward -€124,097
down €124,097 (-47.9%), from -€258,818 to -€382,915
- Trade debts -€31,862
down €31,862 (-40.7%), from €78,379 to €46,517
- Other debts -€20,933
down €20,933 (-12.0%), from €174,539 to €153,606
- Tax, wage and social debts +€7,026
up €7,026 (+1,754%), from €400 to €7,426
- Turnover +€185,916
up €185,916 (+140%), from €132,928 to €318,844
- Purchases and services +€96,793
up €96,793 (+27.2%), from €356,459 to €453,253
- Gross operating margin +€91,376
up €91,376 (+44.6%), from -€204,687 to -€113,312
- Staff costs -€10,239
no longer reported in 2025 (was €10,239)
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 | €62,702 | €138,697 | +€75,995 | +121% |
| Fixed assets | 21/28 | €803 | - | -€803 | |
| Tangible fixed assets | 22/27 | €803 | - | -€803 | |
| Plant, machinery and equipment | 23 | €803 | - | -€803 | |
| Current assets | 29/58 | €61,899 | €138,697 | +€76,798 | +124% |
| Amounts receivable within one year | 40/41 | €56,602 | €133,411 | +€76,810 | +136% |
| Trade receivables | 40 | €18,133 | €133,411 | +€115,279 | +636% |
| Other amounts receivable | 41 | €38,469 | - | -€38,469 | |
| Cash at bank and in hand | 54/58 | €5,150 | €5,150 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €147 | €136 | -€11 | -7.6% |
| Total equity and liabilities | 10/49 | €62,702 | €138,697 | +€75,995 | +121% |
| Equity | 10/15 | -€190,618 | -€68,853 | +€121,765 | +63.9% |
| Contributions | 10/11 | €62,000 | €307,861 | +€245,861 | +397% |
| Capital | 10 | €62,000 | €307,861 | +€245,861 | +397% |
| Issued capital | 100 | €62,000 | €307,861 | +€245,861 | +397% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,818 | -€382,915 | -€124,097 | -47.9% |
| Amounts payable | 17/49 | €253,319 | €207,550 | -€45,769 | -18.1% |
| Amounts payable within one year | 42/48 | €253,319 | €207,550 | -€45,769 | -18.1% |
| Trade debts | 44 | €78,379 | €46,517 | -€31,862 | -40.7% |
| Suppliers | 440/4 | €78,379 | €46,517 | -€31,862 | -40.7% |
| Taxes, remuneration and social security | 45 | €400 | €7,426 | +€7,026 | +1,754% |
| Taxes | 450/3 | €400 | €7,426 | +€7,026 | +1,754% |
| Other amounts payable | 47/48 | €174,539 | €153,606 | -€20,933 | -12.0% |
| Turnover | 70 | €132,928 | €318,844 | +€185,916 | +140% |
| Goods, raw materials, services and sundry goods | 60/61 | €356,459 | €453,253 | +€96,793 | +27.2% |
| Remuneration, social security and pensions | 62 | €10,239 | - | -€10,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €620 | -€875 | -58.5% |
| Other operating charges | 640/8 | €2,654 | €3,805 | +€1,151 | +43.4% |
| Non-recurring operating charges | 66A | - | €183 | +€183 | |
| Gross operating margin | 9900 | -€204,687 | -€113,312 | +€91,376 | +44.6% |
| Operating profit (loss) | 9901 | -€219,076 | -€117,920 | +€101,156 | +46.2% |
| Financial income | 75/76B | €58 | €218 | +€160 | +274% |
| Recurring financial income | 75 | €58 | €218 | +€160 | +274% |
| Financial charges | 65/66B | €5,942 | €6,395 | +€454 | +7.6% |
| Recurring financial charges | 65 | €5,942 | €6,395 | +€454 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€224,959 | -€124,097 | +€100,862 | +44.8% |
| Income taxes | 67/77 | €22 | - | -€22 | |
| Profit (loss) for the period | 9904 | -€224,981 | -€124,097 | +€100,885 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,981 | -€124,097 | +€100,885 | +44.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.