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
- Cash -€16,941
down €16,941 (-33.1%), from €51,214 to €34,273
mainly Contributions, distributions and other (-€23,773) and Trade debts (-€10,960)
- Tangible fixed assets -€3,044
down €3,044 (-23.9%), from €12,722 to €9,679
of which Furniture and vehicles: -€2,748
- Deferred charges and accrued income +€1,789
up €1,789 (+183.1%), from €977 to €2,765
- Receivables within one year -€1,186
down €1,186 (-10.5%), from €11,308 to €10,123
of which Other amounts receivable: -€6,245
- Trade debts -€10,960
down €10,960 (-55.5%), from €19,743 to €8,784
- Other debts -€10,323
down €10,323 (-24.2%), from €42,609 to €32,286
- Tax, wage and social debts +€5,840
up €5,840 (+56.7%), from €10,304 to €16,144
- Profit (loss) carried forward -€3,939
down €3,939, from €2,065 to -€1,873
- Gross operating margin +€6,413
up €6,413 (+21.0%), from €30,605 to €37,018
- Financial income -€4,900
down €4,900 (-100.0%), from €4,900 to €0
- Taxes +€3,008
up €3,008 (+48.2%), from €6,245 to €9,253
- Depreciation -€822
down €822 (-10.3%), from €7,977 to €7,155
- Financial charges -€819
down €819 (-73.1%), from €1,119 to €301
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 | €76,222 | €56,840 | -€19,382 | -25.4% |
| Fixed assets | 21/28 | €12,722 | €9,679 | -€3,044 | -23.9% |
| Tangible fixed assets | 22/27 | €12,722 | €9,679 | -€3,044 | -23.9% |
| Plant, machinery and equipment | 23 | €472 | €51 | -€421 | -89.2% |
| Furniture and vehicles | 24 | €9,338 | €6,590 | -€2,748 | -29.4% |
| Other tangible fixed assets | 26 | €2,913 | €3,038 | +€125 | +4.3% |
| Current assets | 29/58 | €63,500 | €47,162 | -€16,338 | -25.7% |
| Amounts receivable within one year | 40/41 | €11,308 | €10,123 | -€1,186 | -10.5% |
| Trade receivables | 40 | - | €5,059 | +€5,059 | |
| Other amounts receivable | 41 | €11,308 | €5,063 | -€6,245 | -55.2% |
| Cash at bank and in hand | 54/58 | €51,214 | €34,273 | -€16,941 | -33.1% |
| Deferred charges and accrued income | 490/1 | €977 | €2,765 | +€1,789 | +183.1% |
| Total equity and liabilities | 10/49 | €76,222 | €56,840 | -€19,382 | -25.4% |
| Equity | 10/15 | €3,565 | -€373 | -€3,939 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,065 | -€1,873 | -€3,939 | |
| Amounts payable | 17/49 | €72,657 | €57,214 | -€15,443 | -21.3% |
| Amounts payable within one year | 42/48 | €72,657 | €57,214 | -€15,443 | -21.3% |
| Trade debts | 44 | €19,743 | €8,784 | -€10,960 | -55.5% |
| Suppliers | 440/4 | €19,743 | €8,784 | -€10,960 | -55.5% |
| Taxes, remuneration and social security | 45 | €10,304 | €16,144 | +€5,840 | +56.7% |
| Taxes | 450/3 | €10,304 | €16,144 | +€5,840 | +56.7% |
| Other amounts payable | 47/48 | €42,609 | €32,286 | -€10,323 | -24.2% |
| Non-recurring operating income | 76A | €194 | - | -€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,977 | €7,155 | -€822 | -10.3% |
| Other operating charges | 640/8 | €516 | €475 | -€42 | -8.1% |
| Gross operating margin | 9900 | €30,605 | €37,018 | +€6,413 | +21.0% |
| Operating profit (loss) | 9901 | €22,112 | €29,388 | +€7,276 | +32.9% |
| Financial income | 75/76B | €4,900 | €0 | -€4,900 | -100.0% |
| Recurring financial income | 75 | €4,900 | €0 | -€4,900 | -100.0% |
| Financial charges | 65/66B | €1,119 | €301 | -€819 | -73.1% |
| Recurring financial charges | 65 | €1,119 | €301 | -€819 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €25,892 | €29,088 | +€3,195 | +12.3% |
| Income taxes | 67/77 | €6,245 | €9,253 | +€3,008 | +48.2% |
| Profit (loss) for the period | 9904 | €19,647 | €19,835 | +€187 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,647 | €19,835 | +€187 | +1.0% |
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 9 October 2026 via checked.be.