COVERIM: 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.
COVERIM
Largest movements
- Tangible fixed assets +€19,284
up €19,284 (+25.6%), from €75,390 to €94,674
of which Land and buildings: +€18,353
- Receivables within one year -€1,949
down €1,949 (-4.6%), from €42,104 to €40,154
- Trade debts +€22,030
up €22,030 (+161.7%), from €13,625 to €35,655
- Reserves -€6,156
down €6,156 (-8.0%), from €77,276 to €71,119
of which Distributable reserves: -€6,156
- Gross operating margin -€20,579
down €20,579, from €20,169 to -€410
- Other operating charges -€7,321
down €7,321 (-94.1%), from €7,781 to €460
- Taxes -€2,762
down €2,762 (-90.1%), from €3,065 to €303
- Financial charges -€880
down €880 (-83.1%), from €1,059 to €179
- Depreciation +€468
up €468 (+6.9%), from €6,743 to €7,210
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 | €141,420 | €158,284 | +€16,864 | +11.9% |
| Fixed assets | 21/28 | €75,390 | €94,674 | +€19,284 | +25.6% |
| Tangible fixed assets | 22/27 | €75,390 | €94,674 | +€19,284 | +25.6% |
| Land and buildings | 22 | €74,779 | €93,132 | +€18,353 | +24.5% |
| Plant, machinery and equipment | 23 | €132 | €4 | -€128 | -97.1% |
| Furniture and vehicles | 24 | €479 | €1,539 | +€1,059 | +220.9% |
| Current assets | 29/58 | €66,029 | €63,609 | -€2,420 | -3.7% |
| Amounts receivable after more than one year | 29 | €22,897 | €23,255 | +€357 | +1.6% |
| Other amounts receivable | 291 | €22,897 | €23,255 | +€357 | +1.6% |
| Amounts receivable within one year | 40/41 | €42,104 | €40,154 | -€1,949 | -4.6% |
| Other amounts receivable | 41 | €42,104 | €40,154 | -€1,949 | -4.6% |
| Cash at bank and in hand | 54/58 | €114 | €201 | +€87 | +76.3% |
| Deferred charges and accrued income | 490/1 | €914 | €0 | -€914 | -100.0% |
| Total equity and liabilities | 10/49 | €141,420 | €158,284 | +€16,864 | +11.9% |
| Equity | 10/15 | €118,276 | €112,119 | -€6,156 | -5.2% |
| Contributions | 10/11 | €41,000 | €41,000 | = | 0.0% |
| Reserves | 13 | €77,276 | €71,119 | -€6,156 | -8.0% |
| Non-distributable reserves | 130/1 | €11,813 | €11,813 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,813 | €11,813 | = | 0.0% |
| Distributable reserves | 133 | €65,463 | €59,306 | -€6,156 | -9.4% |
| Amounts payable | 17/49 | €23,144 | €46,164 | +€23,020 | +99.5% |
| Amounts payable after more than one year | 17 | €600 | €600 | = | 0.0% |
| Other amounts payable | 178/9 | €600 | €600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,544 | €45,564 | +€23,020 | +102.1% |
| Trade debts | 44 | €13,625 | €35,655 | +€22,030 | +161.7% |
| Suppliers | 440/4 | €13,625 | €35,655 | +€22,030 | +161.7% |
| Taxes, remuneration and social security | 45 | €8,919 | €9,909 | +€990 | +11.1% |
| Taxes | 450/3 | €8,919 | €9,909 | +€990 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,743 | €7,210 | +€468 | +6.9% |
| Other operating charges | 640/8 | €7,781 | €460 | -€7,321 | -94.1% |
| Gross operating margin | 9900 | €20,169 | -€410 | -€20,579 | |
| Operating profit (loss) | 9901 | €5,645 | -€8,081 | -€13,726 | |
| Financial income | 75/76B | €2,366 | €2,406 | +€40 | +1.7% |
| Recurring financial income | 75 | €2,366 | €2,406 | +€40 | +1.7% |
| Financial charges | 65/66B | €1,059 | €179 | -€880 | -83.1% |
| Recurring financial charges | 65 | €1,059 | €179 | -€880 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €6,953 | -€5,853 | -€12,806 | |
| Income taxes | 67/77 | €3,065 | €303 | -€2,762 | -90.1% |
| Profit (loss) for the period | 9904 | €3,887 | -€6,156 | -€10,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,887 | -€6,156 | -€10,044 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.