COVERITALL: 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.
COVERITALL
Largest movements
- Cash -€38,557
down €38,557 (-46.2%), from €83,449 to €44,892
mainly Other debts (-€41,494) and Tax, wage and social debts (-€12,571)
- Stocks and contracts -€7,640
down €7,640 (-16.0%), from €47,633 to €39,993
- Receivables within one year +€4,754
up €4,754 (+3.8%), from €124,316 to €129,070
of which Other amounts receivable: +€3,104
- Other debts -€41,494
down €41,494 (-80.6%), from €51,494 to €10,000
- Tax, wage and social debts -€12,571
down €12,571 (-26.0%), from €48,374 to €35,803
- Profit (loss) carried forward +€7,945
up €7,945 (+12.7%), from €62,338 to €70,283
- Trade debts +€4,384
up €4,384 (+5.2%), from €84,232 to €88,616
- Gross operating margin -€56,931
down €56,931 (-57.8%), from €98,413 to €41,482
- Taxes -€16,931
down €16,931 (-65.1%), from €26,014 to €9,082
- Write-downs +€14,349
new in 2025: €14,349
- Financial charges -€1,144
down €1,144 (-84.7%), from €1,352 to €207
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 | €256,439 | €214,703 | -€41,736 | -16.3% |
| Fixed assets | 21/28 | €1,041 | €647 | -€394 | -37.9% |
| Tangible fixed assets | 22/27 | €841 | €447 | -€394 | -46.9% |
| Furniture and vehicles | 24 | €841 | €447 | -€394 | -46.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €255,398 | €214,056 | -€41,342 | -16.2% |
| Stocks and contracts in progress | 3 | €47,633 | €39,993 | -€7,640 | -16.0% |
| Stocks | 30/36 | €47,633 | €39,993 | -€7,640 | -16.0% |
| Amounts receivable within one year | 40/41 | €124,316 | €129,070 | +€4,754 | +3.8% |
| Trade receivables | 40 | €117,742 | €119,393 | +€1,651 | +1.4% |
| Other amounts receivable | 41 | €6,574 | €9,677 | +€3,104 | +47.2% |
| Cash at bank and in hand | 54/58 | €83,449 | €44,892 | -€38,557 | -46.2% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €256,439 | €214,703 | -€41,736 | -16.3% |
| Equity | 10/15 | €72,338 | €80,283 | +€7,945 | +11.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,338 | €70,283 | +€7,945 | +12.7% |
| Amounts payable | 17/49 | €184,101 | €134,419 | -€49,681 | -27.0% |
| Amounts payable within one year | 42/48 | €184,101 | €134,419 | -€49,681 | -27.0% |
| Trade debts | 44 | €84,232 | €88,616 | +€4,384 | +5.2% |
| Suppliers | 440/4 | €84,232 | €88,616 | +€4,384 | +5.2% |
| Taxes, remuneration and social security | 45 | €48,374 | €35,803 | -€12,571 | -26.0% |
| Taxes | 450/3 | €48,374 | €35,803 | -€12,571 | -26.0% |
| Other amounts payable | 47/48 | €51,494 | €10,000 | -€41,494 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341 | €394 | +€53 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,349 | +€14,349 | |
| Gross operating margin | 9900 | €98,413 | €41,482 | -€56,931 | -57.8% |
| Operating profit (loss) | 9901 | €98,072 | €26,739 | -€71,333 | -72.7% |
| Financial income | 75/76B | €333 | €496 | +€163 | +48.8% |
| Recurring financial income | 75 | €333 | €496 | +€163 | +48.8% |
| Financial charges | 65/66B | €1,352 | €207 | -€1,144 | -84.7% |
| Recurring financial charges | 65 | €1,352 | €207 | -€1,144 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €97,054 | €27,027 | -€70,026 | -72.2% |
| Income taxes | 67/77 | €26,014 | €9,082 | -€16,931 | -65.1% |
| Profit (loss) for the period | 9904 | €71,040 | €17,945 | -€53,095 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,040 | €17,945 | -€53,095 | -74.7% |
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.