COVERTIS: 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.
COVERTIS
Largest movements
- Cash -€4,715
down €4,715 (-13.6%), from €34,787 to €30,073
mainly Net result for the year (-€5,737) and Receivables within one year (-€521)
- Tangible fixed assets -€861
down €861 (-55.2%), from €1,559 to €698
of which Furniture and vehicles: -€548
- Deferred charges and accrued income -€753
down €753 (-99.3%), from €758 to €5
- Receivables within one year +€521
up €521 (+27.7%), from €1,883 to €2,405
of which Trade receivables: +€1,929
- Profit (loss) carried forward -€6,050
down €6,050 (-16.5%), from €36,707 to €30,657
- Gross operating margin +€3,930
up €3,930 (+49.5%), from -€7,932 to -€4,002
- Financial charges -€1,448
down €1,448 (-71.1%), from €2,037 to €589
- Depreciation -€852
down €852 (-49.8%), from €1,713 to €861
- Other operating charges +€395
up €395 (+477.8%), from €83 to €478
- Financial income +€167
up €167 (+323.2%), from €52 to €218
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 | €38,988 | €33,180 | -€5,807 | -14.9% |
| Fixed assets | 21/28 | €1,559 | €698 | -€861 | -55.2% |
| Tangible fixed assets | 22/27 | €1,559 | €698 | -€861 | -55.2% |
| Plant, machinery and equipment | 23 | €844 | €531 | -€313 | -37.1% |
| Furniture and vehicles | 24 | €715 | €167 | -€548 | -76.6% |
| Current assets | 29/58 | €37,429 | €32,482 | -€4,946 | -13.2% |
| Amounts receivable within one year | 40/41 | €1,883 | €2,405 | +€521 | +27.7% |
| Trade receivables | 40 | €475 | €2,405 | +€1,929 | +405.9% |
| Other amounts receivable | 41 | €1,408 | - | -€1,408 | |
| Cash at bank and in hand | 54/58 | €34,787 | €30,073 | -€4,715 | -13.6% |
| Deferred charges and accrued income | 490/1 | €758 | €5 | -€753 | -99.3% |
| Total equity and liabilities | 10/49 | €38,988 | €33,180 | -€5,807 | -14.9% |
| Equity | 10/15 | €38,023 | €32,286 | -€5,737 | -15.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €816 | €1,129 | +€313 | +38.3% |
| Tax-exempt reserves | 132 | €816 | €1,129 | +€313 | +38.3% |
| Profit (loss) carried forward | 14 | €36,707 | €30,657 | -€6,050 | -16.5% |
| Amounts payable | 17/49 | €964 | €894 | -€70 | -7.2% |
| Amounts payable within one year | 42/48 | €964 | €894 | -€70 | -7.2% |
| Trade debts | 44 | €782 | €400 | -€383 | -48.9% |
| Suppliers | 440/4 | €782 | €400 | -€383 | -48.9% |
| Taxes, remuneration and social security | 45 | €175 | €353 | +€178 | +101.6% |
| Taxes | 450/3 | €175 | €303 | +€128 | +73.0% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Other amounts payable | 47/48 | €7 | €142 | +€135 | +1917.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,713 | €861 | -€852 | -49.8% |
| Other operating charges | 640/8 | €83 | €478 | +€395 | +477.8% |
| Gross operating margin | 9900 | -€7,932 | -€4,002 | +€3,930 | +49.5% |
| Operating profit (loss) | 9901 | -€9,727 | -€5,341 | +€4,387 | +45.1% |
| Financial income | 75/76B | €52 | €218 | +€167 | +323.2% |
| Recurring financial income | 75 | €52 | €218 | +€167 | +323.2% |
| Financial charges | 65/66B | €2,037 | €589 | -€1,448 | -71.1% |
| Recurring financial charges | 65 | €2,037 | €589 | -€1,448 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,713 | -€5,711 | +€6,001 | +51.2% |
| Income taxes | 67/77 | €156 | €26 | -€130 | -83.3% |
| Profit (loss) for the period | 9904 | -€11,869 | -€5,737 | +€6,131 | +51.7% |
| Transfer to tax-exempt reserves | 689 | €313 | €313 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,182 | -€6,050 | +€6,131 | +50.3% |
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 1 October 2026 via checked.be.