CoverOver: 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.
CoverOver
Largest movements
- Cash +€45,191
up €45,191 (+111.4%), from €40,573 to €85,765
mainly Net result for the year (+€52,433) and Tax, wage and social debts (+€14,713)
- Receivables within one year +€6,264
up €6,264 (+40.5%), from €15,466 to €21,731
of which Trade receivables: +€6,427
- Stocks and contracts +€3,370
up €3,370 (+74.7%), from €4,510 to €7,880
- Profit (loss) carried forward +€40,669
up €40,669 (+317.4%), from €12,812 to €53,480
- Tax, wage and social debts +€14,713
up €14,713 (+131.2%), from €11,213 to €25,926
- Gross operating margin +€36,186
up €36,186 (+96.1%), from €37,674 to €73,860
- Taxes +€7,284
up €7,284 (+100.0%), from €7,282 to €14,565
- Write-downs +€3,360
new in 2025: €3,360
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 | €65,265 | €119,485 | +€54,220 | +83.1% |
| Formation expenses | 20 | €39 | - | -€39 | |
| Fixed assets | 21/28 | €4,176 | €4,030 | -€146 | -3.5% |
| Intangible fixed assets | 21 | €311 | - | -€311 | |
| Tangible fixed assets | 22/27 | €1,866 | €2,030 | +€164 | +8.8% |
| Furniture and vehicles | 24 | €666 | €1,130 | +€464 | +69.8% |
| Other tangible fixed assets | 26 | €1,200 | €900 | -€300 | -25.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €61,049 | €115,455 | +€54,405 | +89.1% |
| Stocks and contracts in progress | 3 | €4,510 | €7,880 | +€3,370 | +74.7% |
| Stocks | 30/36 | €4,510 | €7,880 | +€3,370 | +74.7% |
| Amounts receivable within one year | 40/41 | €15,466 | €21,731 | +€6,264 | +40.5% |
| Trade receivables | 40 | €14,910 | €21,337 | +€6,427 | +43.1% |
| Other amounts receivable | 41 | €556 | €394 | -€162 | -29.2% |
| Cash at bank and in hand | 54/58 | €40,573 | €85,765 | +€45,191 | +111.4% |
| Deferred charges and accrued income | 490/1 | €500 | €80 | -€420 | -84.0% |
| Total equity and liabilities | 10/49 | €65,265 | €119,485 | +€54,220 | +83.1% |
| Equity | 10/15 | €32,812 | €73,480 | +€40,669 | +123.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,812 | €53,480 | +€40,669 | +317.4% |
| Amounts payable | 17/49 | €32,453 | €46,005 | +€13,552 | +41.8% |
| Amounts payable within one year | 42/48 | €32,453 | €46,005 | +€13,552 | +41.8% |
| Trade debts | 44 | €9,476 | €8,314 | -€1,161 | -12.3% |
| Suppliers | 440/4 | €9,476 | €8,314 | -€1,161 | -12.3% |
| Taxes, remuneration and social security | 45 | €11,213 | €25,926 | +€14,713 | +131.2% |
| Taxes | 450/3 | €11,213 | €25,926 | +€14,713 | +131.2% |
| Other amounts payable | 47/48 | €11,765 | €11,765 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,222 | €1,555 | -€667 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,360 | +€3,360 | |
| Other operating charges | 640/8 | €1,329 | €1,474 | +€145 | +10.9% |
| Gross operating margin | 9900 | €37,674 | €73,860 | +€36,186 | +96.1% |
| Operating profit (loss) | 9901 | €34,122 | €67,470 | +€33,348 | +97.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €507 | €479 | -€28 | -5.6% |
| Recurring financial charges | 65 | €507 | €479 | -€28 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €33,615 | €66,999 | +€33,384 | +99.3% |
| Income taxes | 67/77 | €7,282 | €14,565 | +€7,284 | +100.0% |
| Profit (loss) for the period | 9904 | €26,333 | €52,433 | +€26,100 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,333 | €52,433 | +€26,100 | +99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.