COVERTON: 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.
COVERTON
Largest movements
- Receivables within one year -€107,209
no longer reported in 2023 (was €107,209)
of which Trade receivables: -€74,993
- Receivables after one year +€97,289
new in 2023: €97,289
of which Trade receivables: +€61,159
- Cash +€6,135
up €6,135 (+198%), from €3,094 to €9,229
mainly Receivables within one year (+€107,209) and Net result for the year (+€2,048)
- Trade debts -€5,568
down €5,568 (-79.5%), from €7,003 to €1,435
- Profit (loss) carried forward +€2,049
up €2,049 (+16.2%), from €12,662 to €14,711
- Gross operating margin -€11,709
down €11,709 (-77.5%), from €15,117 to €3,408
- Financial charges -€10,242
down €10,242 (-89.1%), from €11,489 to €1,247
- Other operating charges -€1,369
down €1,369 (-92.4%), from €1,482 to €113
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,303 | €106,518 | -€3,785 | -3.4% |
| Current assets | 29/58 | €110,303 | €106,518 | -€3,785 | -3.4% |
| Amounts receivable after more than one year | 29 | - | €97,289 | +€97,289 | |
| Trade receivables | 290 | - | €61,159 | +€61,159 | |
| Other amounts receivable | 291 | - | €36,130 | +€36,130 | |
| Amounts receivable within one year | 40/41 | €107,209 | - | -€107,209 | |
| Trade receivables | 40 | €74,993 | - | -€74,993 | |
| Other amounts receivable | 41 | €32,216 | - | -€32,216 | |
| Cash at bank and in hand | 54/58 | €3,094 | €9,229 | +€6,135 | +198% |
| Total equity and liabilities | 10/49 | €110,303 | €106,518 | -€3,785 | -3.4% |
| Equity | 10/15 | €88,981 | €91,029 | +€2,048 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,719 | €57,719 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €57,719 | €57,719 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €55,859 | €55,859 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €12,662 | €14,711 | +€2,049 | +16.2% |
| Provisions and deferred taxes | 16 | €507 | €507 | +€0 | +0.1% |
| Provisions for liabilities and charges | 160/5 | €507 | €507 | +€0 | +0.1% |
| Taxes | 161 | €507 | €507 | +€0 | +0.1% |
| Amounts payable | 17/49 | €20,815 | €14,981 | -€5,834 | -28.0% |
| Amounts payable within one year | 42/48 | €20,815 | €14,981 | -€5,834 | -28.0% |
| Trade debts | 44 | €7,003 | €1,435 | -€5,568 | -79.5% |
| Suppliers | 440/4 | €7,003 | €1,435 | -€5,568 | -79.5% |
| Taxes, remuneration and social security | 45 | €13,812 | €13,546 | -€266 | -1.9% |
| Taxes | 450/3 | €13,812 | €13,546 | -€266 | -1.9% |
| Other operating charges | 640/8 | €1,482 | €113 | -€1,369 | -92.4% |
| Gross operating margin | 9900 | €15,117 | €3,408 | -€11,709 | -77.5% |
| Operating profit (loss) | 9901 | €13,635 | €3,295 | -€10,340 | -75.8% |
| Financial charges | 65/66B | €11,489 | €1,247 | -€10,242 | -89.1% |
| Recurring financial charges | 65 | €11,489 | €1,247 | -€10,242 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €2,146 | €2,048 | -€98 | -4.6% |
| Profit (loss) for the period | 9904 | €2,146 | €2,048 | -€98 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,146 | €2,048 | -€98 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.