Coverit: 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.
Coverit
Largest movements
- Tangible fixed assets -€22,377
down €22,377 (-7.2%), from €310,630 to €288,252
- Cash +€19,568
up €19,568 (+165.1%), from €11,856 to €31,424
mainly Depreciation (+€25,336) and Net result for the year (+€8,396)
- Receivables within one year -€7,472
down €7,472 (-49.0%), from €15,242 to €7,770
of which Other amounts receivable: -€4,643
- Debts after one year -€25,309
down €25,309 (-12.9%), from €196,918 to €171,609
- Reserves +€8,396
up €8,396 (+21.8%), from €38,460 to €46,856
- Other debts +€7,794
up €7,794 (+14.6%), from €53,434 to €61,227
- Gross operating margin +€6,906
up €6,906 (+17.5%), from €39,471 to €46,377
- Depreciation +€3,655
up €3,655 (+16.9%), from €21,682 to €25,336
- Taxes +€786
up €786 (+21.2%), from €3,704 to €4,490
- Financial charges +€518
up €518 (+10.0%), from €5,161 to €5,678
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 | €339,006 | €328,284 | -€10,722 | -3.2% |
| Fixed assets | 21/28 | €310,630 | €288,252 | -€22,377 | -7.2% |
| Tangible fixed assets | 22/27 | €310,630 | €288,252 | -€22,377 | -7.2% |
| Land and buildings | 22 | €248,053 | €241,093 | -€6,960 | -2.8% |
| Plant, machinery and equipment | 23 | €38,964 | €30,914 | -€8,051 | -20.7% |
| Furniture and vehicles | 24 | €23,612 | €16,246 | -€7,366 | -31.2% |
| Current assets | 29/58 | €28,376 | €40,031 | +€11,655 | +41.1% |
| Amounts receivable within one year | 40/41 | €15,242 | €7,770 | -€7,472 | -49.0% |
| Trade receivables | 40 | €8,590 | €5,761 | -€2,829 | -32.9% |
| Other amounts receivable | 41 | €6,652 | €2,010 | -€4,643 | -69.8% |
| Cash at bank and in hand | 54/58 | €11,856 | €31,424 | +€19,568 | +165.1% |
| Deferred charges and accrued income | 490/1 | €1,278 | €837 | -€441 | -34.5% |
| Total equity and liabilities | 10/49 | €339,006 | €328,284 | -€10,722 | -3.2% |
| Equity | 10/15 | €58,848 | €67,244 | +€8,396 | +14.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,460 | €46,856 | +€8,396 | +21.8% |
| Distributable reserves | 133 | €38,460 | €46,856 | +€8,396 | +21.8% |
| Profit (loss) carried forward | 14 | €19,388 | €19,388 | = | 0.0% |
| Amounts payable | 17/49 | €280,158 | €261,040 | -€19,118 | -6.8% |
| Amounts payable after more than one year | 17 | €196,918 | €171,609 | -€25,309 | -12.9% |
| Financial debts | 170/4 | €196,918 | €171,609 | -€25,309 | -12.9% |
| Amounts payable within one year | 42/48 | €83,240 | €89,431 | +€6,191 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €24,514 | €25,309 | +€794 | +3.2% |
| Trade debts | 44 | €4,355 | €2,563 | -€1,792 | -41.1% |
| Suppliers | 440/4 | €4,355 | €2,563 | -€1,792 | -41.1% |
| Taxes, remuneration and social security | 45 | €937 | €332 | -€606 | -64.6% |
| Taxes | 450/3 | €937 | €332 | -€606 | -64.6% |
| Other amounts payable | 47/48 | €53,434 | €61,227 | +€7,794 | +14.6% |
| Non-recurring operating income | 76A | €856 | - | -€856 | |
| Remuneration, social security and pensions | 62 | €9 | €331 | +€321 | +3456.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,682 | €25,336 | +€3,655 | +16.9% |
| Other operating charges | 640/8 | €1,887 | €2,146 | +€259 | +13.7% |
| Gross operating margin | 9900 | €39,471 | €46,377 | +€6,906 | +17.5% |
| Operating profit (loss) | 9901 | €15,893 | €18,564 | +€2,672 | +16.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €5,161 | €5,678 | +€518 | +10.0% |
| Recurring financial charges | 65 | €5,161 | €5,678 | +€518 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €10,741 | €12,886 | +€2,145 | +20.0% |
| Income taxes | 67/77 | €3,704 | €4,490 | +€786 | +21.2% |
| Profit (loss) for the period | 9904 | €7,038 | €8,396 | +€1,358 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,038 | €8,396 | +€1,358 | +19.3% |
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 11 October 2026 via checked.be.