COVESTI: 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.
COVESTI
Largest movements
- Receivables within one year +€18,584
up €18,584 (+223%), from €8,348 to €26,932
- Current investments -€15,956
down €15,956 (-2.0%), from €790,423 to €774,467
- Other debts -€9,296
down €9,296 (-3.6%), from €257,851 to €248,554
- Gross operating margin -€35,937
down €35,937, from €1,034 to -€34,903
- Financial income +€35,735
up €35,735 (+109%), from €32,828 to €68,563
- Financial charges -€10,648
down €10,648 (-25.7%), from €41,421 to €30,773
- Other operating charges -€570
down €570 (-52.3%), from €1,090 to €520
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.
Derived cash bridge
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 | €819,379 | €815,136 | -€4,243 | -0.5% |
| Current assets | 29/58 | €819,379 | €815,136 | -€4,243 | -0.5% |
| Amounts receivable within one year | 40/41 | €8,348 | €26,932 | +€18,584 | +223% |
| Other amounts receivable | 41 | €8,348 | €26,932 | +€18,584 | +223% |
| Current investments | 50/53 | €790,423 | €774,467 | -€15,956 | -2.0% |
| Cash at bank and in hand | 54/58 | €19,755 | €12,838 | -€6,917 | -35.0% |
| Deferred charges and accrued income | 490/1 | €854 | €899 | +€46 | +5.4% |
| Total equity and liabilities | 10/49 | €819,379 | €815,136 | -€4,243 | -0.5% |
| Equity | 10/15 | €542,314 | €544,682 | +€2,368 | +0.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €713,000 | €713,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €135,000 | €135,000 | = | 0.0% |
| Legal reserve | 130 | €135,000 | €135,000 | = | 0.0% |
| Distributable reserves | 133 | €578,000 | €578,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,686 | -€518,318 | +€2,368 | +0.5% |
| Amounts payable | 17/49 | €277,065 | €270,454 | -€6,611 | -2.4% |
| Amounts payable within one year | 42/48 | €262,074 | €252,527 | -€9,547 | -3.6% |
| Trade debts | 44 | €4,223 | €3,973 | -€250 | -5.9% |
| Suppliers | 440/4 | €4,223 | €3,973 | -€250 | -5.9% |
| Other amounts payable | 47/48 | €257,851 | €248,554 | -€9,296 | -3.6% |
| Accrued charges and deferred income | 492/3 | €14,991 | €17,927 | +€2,936 | +19.6% |
| Other operating charges | 640/8 | €1,090 | €520 | -€570 | -52.3% |
| Gross operating margin | 9900 | €1,034 | -€34,903 | -€35,937 | |
| Operating profit (loss) | 9901 | -€56 | -€35,422 | -€35,367 | -63,701% |
| Financial income | 75/76B | €32,828 | €68,563 | +€35,735 | +109% |
| Recurring financial income | 75 | €32,828 | €68,563 | +€35,735 | +109% |
| Financial charges | 65/66B | €41,421 | €30,773 | -€10,648 | -25.7% |
| Recurring financial charges | 65 | €41,421 | €30,773 | -€10,648 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,649 | €2,368 | +€11,016 | |
| Profit (loss) for the period | 9904 | -€8,649 | €2,368 | +€11,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,649 | €2,368 | +€11,016 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.