CoverTeam: 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.
CoverTeam
Largest movements
- Receivables after one year +€1.4m
up €1.4m (+37.1%), from €3.7m to €5.1m
- Debts after one year +€1.3m
up €1.3m (+34.0%), from €3.7m to €5.0m
- Accrued charges and deferred income +€87,128
up €87,128, from €0 to €87,128
- Financial income +€57,284
up €57,284 (+20.1%), from €285,036 to €342,320
- Financial charges +€41,717
up €41,717 (+18.3%), from €228,501 to €270,218
- Gross operating margin -€27,688
down €27,688 (-88.2%), from -€31,384 to -€59,073
- Taxes +€3,250
new in 2024: €3,250
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 | €3,802,909 | €5,209,206 | +€1.4m | +37.0% |
| Current assets | 29/58 | €3,802,909 | €5,209,206 | +€1.4m | +37.0% |
| Amounts receivable after more than one year | 29 | €3,709,772 | €5,085,196 | +€1.4m | +37.1% |
| Other amounts receivable | 291 | €3,709,772 | €5,085,196 | +€1.4m | +37.1% |
| Amounts receivable within one year | 40/41 | €3,248 | €3,095 | -€154 | -4.7% |
| Trade receivables | 40 | €2,891 | €2,891 | = | 0.0% |
| Other amounts receivable | 41 | €357 | €203 | -€154 | -43.1% |
| Cash at bank and in hand | 54/58 | €889 | €830 | -€59 | -6.6% |
| Deferred charges and accrued income | 490/1 | €89,000 | €120,085 | +€31,085 | +34.9% |
| Total equity and liabilities | 10/49 | €3,802,909 | €5,209,206 | +€1.4m | +37.0% |
| Equity | 10/15 | €38,553 | €48,237 | +€9,684 | +25.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €1,885 | €1,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,885 | €1,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,668 | €25,352 | +€9,684 | +61.8% |
| Amounts payable | 17/49 | €3,764,356 | €5,160,970 | +€1.4m | +37.1% |
| Amounts payable after more than one year | 17 | €3,730,931 | €5,000,000 | +€1.3m | +34.0% |
| Financial debts | 170/4 | €3,730,931 | €5,000,000 | +€1.3m | +34.0% |
| Amounts payable within one year | 42/48 | €33,425 | €73,842 | +€40,417 | +120.9% |
| Trade debts | 44 | €3,425 | €10,592 | +€7,167 | +209.2% |
| Suppliers | 440/4 | €3,425 | €10,592 | +€7,167 | +209.2% |
| Taxes, remuneration and social security | 45 | €30,000 | €63,250 | +€33,250 | +110.8% |
| Taxes | 450/3 | €30,000 | €63,250 | +€33,250 | +110.8% |
| Accrued charges and deferred income | 492/3 | €0 | €87,128 | +€87,128 | |
| Other operating charges | 640/8 | €90 | €95 | +€5 | +5.1% |
| Gross operating margin | 9900 | -€31,384 | -€59,073 | -€27,688 | -88.2% |
| Operating profit (loss) | 9901 | -€31,475 | -€59,168 | -€27,693 | -88.0% |
| Financial income | 75/76B | €285,036 | €342,320 | +€57,284 | +20.1% |
| Recurring financial income | 75 | €285,036 | €342,320 | +€57,284 | +20.1% |
| Financial charges | 65/66B | €228,501 | €270,218 | +€41,717 | +18.3% |
| Recurring financial charges | 65 | €228,501 | €270,218 | +€41,717 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €25,060 | €12,934 | -€12,126 | -48.4% |
| Income taxes | 67/77 | - | €3,250 | +€3,250 | |
| Profit (loss) for the period | 9904 | €25,060 | €9,684 | -€15,376 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,060 | €9,684 | -€15,376 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.