COVERMA: 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.
COVERMA
Largest movements
- Receivables within one year -€340,739
down €340,739 (-53.5%), from €636,934 to €296,195
of which Trade receivables: -€230,162
- Cash +€238,902
up €238,902 (+217.6%), from €109,765 to €348,667
mainly Receivables within one year (+€340,739) and Net result for the year (+€210,786)
- Trade debts -€222,070
down €222,070 (-60.4%), from €367,367 to €145,297
- Other debts +€48,000
up €48,000 (+38.7%), from €124,000 to €172,000
- Profit (loss) carried forward +€38,786
up €38,786 (+86.7%), from €44,735 to €83,521
- Tax, wage and social debts +€29,150
up €29,150 (+265.3%), from €10,990 to €40,140
of which Taxes: +€30,217
- Short-term financial debts +€9,999
new in 2024: €9,999
- Gross operating margin +€134,522
up €134,522 (+61.8%), from €217,747 to €352,268
- Taxes +€66,165
up €66,165 (+837.0%), from €7,905 to €74,070
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €805,740 | €709,607 | -€96,133 | -11.9% |
| Fixed assets | 21/28 | €3,479 | €3,989 | +€510 | +14.6% |
| Tangible fixed assets | 22/27 | €2,729 | €3,239 | +€510 | +18.7% |
| Furniture and vehicles | 24 | €592 | €1,101 | +€510 | +86.1% |
| Assets under construction and advance payments | 27 | €2,138 | €2,138 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €802,261 | €705,618 | -€96,643 | -12.0% |
| Stocks and contracts in progress | 3 | €14,327 | €19,226 | +€4,899 | +34.2% |
| Stocks | 30/36 | €14,327 | €19,226 | +€4,899 | +34.2% |
| Amounts receivable within one year | 40/41 | €636,934 | €296,195 | -€340,739 | -53.5% |
| Trade receivables | 40 | €497,008 | €266,847 | -€230,162 | -46.3% |
| Other amounts receivable | 41 | €139,926 | €29,349 | -€110,577 | -79.0% |
| Current investments | 50/53 | €40,578 | €40,842 | +€264 | +0.7% |
| Cash at bank and in hand | 54/58 | €109,765 | €348,667 | +€238,902 | +217.6% |
| Deferred charges and accrued income | 490/1 | €656 | €688 | +€31 | +4.8% |
| Total equity and liabilities | 10/49 | €805,740 | €709,607 | -€96,133 | -11.9% |
| Equity | 10/15 | €303,384 | €342,170 | +€38,786 | +12.8% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Outside capital | 11 | - | €12,395 | +€12,395 | |
| Other | 1109/19 | - | €12,395 | +€12,395 | |
| Reserves | 13 | €246,254 | €246,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €234,395 | €234,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,735 | €83,521 | +€38,786 | +86.7% |
| Amounts payable | 17/49 | €502,357 | €367,437 | -€134,920 | -26.9% |
| Amounts payable within one year | 42/48 | €502,357 | €367,437 | -€134,920 | -26.9% |
| Financial debts | 43 | - | €9,999 | +€9,999 | |
| Credit institutions | 430/8 | - | €9,999 | +€9,999 | |
| Trade debts | 44 | €367,367 | €145,297 | -€222,070 | -60.4% |
| Suppliers | 440/4 | €367,367 | €145,297 | -€222,070 | -60.4% |
| Taxes, remuneration and social security | 45 | €10,990 | €40,140 | +€29,150 | +265.3% |
| Taxes | 450/3 | €782 | €30,999 | +€30,217 | +3863.2% |
| Remuneration and social security | 454/9 | €10,208 | €9,141 | -€1,067 | -10.5% |
| Other amounts payable | 47/48 | €124,000 | €172,000 | +€48,000 | +38.7% |
| Remuneration, social security and pensions | 62 | €65,976 | €65,072 | -€904 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €571 | +€240 | +72.5% |
| Other operating charges | 640/8 | €384 | €861 | +€477 | +124.0% |
| Gross operating margin | 9900 | €217,747 | €352,268 | +€134,522 | +61.8% |
| Operating profit (loss) | 9901 | €151,055 | €285,764 | +€134,709 | +89.2% |
| Financial income | 75/76B | €313 | €1,899 | +€1,586 | +506.2% |
| Recurring financial income | 75 | €313 | €1,899 | +€1,586 | +506.2% |
| Financial charges | 65/66B | €1,718 | €2,807 | +€1,089 | +63.4% |
| Recurring financial charges | 65 | €1,718 | €2,807 | +€1,089 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €149,650 | €284,856 | +€135,206 | +90.3% |
| Income taxes | 67/77 | €7,905 | €74,070 | +€66,165 | +837.0% |
| Profit (loss) for the period | 9904 | €141,746 | €210,786 | +€69,041 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €141,746 | €210,786 | +€69,041 | +48.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.