Covet: 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.
Covet
Largest movements
- Cash +€9,105
up €9,105 (+52.8%), from €17,228 to €26,333
mainly Net result for the year (+€11,865) and Depreciation (+€2,402)
- Receivables within one year +€6,121
up €6,121 (+65.0%), from €9,421 to €15,542
of which Other amounts receivable: +€12,337
- Tangible fixed assets -€1,122
down €1,122 (-17.2%), from €6,515 to €5,393
of which Furniture and vehicles: -€1,573
- Reserves +€11,865
up €11,865 (+15.4%), from €76,827 to €88,692
- Other debts -€2,259
no longer reported in 2025 (was €2,259)
- Trade debts +€2,058
up €2,058 (+81.0%), from €2,540 to €4,599
- Tax, wage and social debts +€2,039
up €2,039 (+109%), from €1,869 to €3,908
- Gross operating margin +€2,331
up €2,331 (+11.7%), from €19,966 to €22,297
- Taxes +€1,212
up €1,212 (+22.7%), from €5,328 to €6,540
- Other operating charges -€1,136
down €1,136 (-52.3%), from €2,172 to €1,036
- Staff costs +€329
new in 2025: €329
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 | €90,298 | €103,940 | +€13,642 | +15.1% |
| Fixed assets | 21/28 | €6,515 | €5,393 | -€1,122 | -17.2% |
| Tangible fixed assets | 22/27 | €6,515 | €5,393 | -€1,122 | -17.2% |
| Plant, machinery and equipment | 23 | €1,859 | €2,310 | +€451 | +24.3% |
| Furniture and vehicles | 24 | €4,656 | €3,083 | -€1,573 | -33.8% |
| Current assets | 29/58 | €83,784 | €98,547 | +€14,764 | +17.6% |
| Amounts receivable within one year | 40/41 | €9,421 | €15,542 | +€6,121 | +65.0% |
| Trade receivables | 40 | €9,204 | €2,988 | -€6,215 | -67.5% |
| Other amounts receivable | 41 | €217 | €12,554 | +€12,337 | +5,685% |
| Current investments | 50/53 | €54,974 | €54,974 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,228 | €26,333 | +€9,105 | +52.8% |
| Deferred charges and accrued income | 490/1 | €2,161 | €1,698 | -€463 | -21.4% |
| Total equity and liabilities | 10/49 | €90,298 | €103,940 | +€13,642 | +15.1% |
| Equity | 10/15 | €83,027 | €94,892 | +€11,865 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,827 | €88,692 | +€11,865 | +15.4% |
| Distributable reserves | 133 | €76,827 | €88,692 | +€11,865 | +15.4% |
| Amounts payable | 17/49 | €7,271 | €9,049 | +€1,777 | +24.4% |
| Amounts payable within one year | 42/48 | €7,271 | €9,049 | +€1,777 | +24.4% |
| Financial debts | 43 | €603 | €542 | -€61 | -10.1% |
| Credit institutions | 430/8 | €603 | €542 | -€61 | -10.1% |
| Trade debts | 44 | €2,540 | €4,599 | +€2,058 | +81.0% |
| Suppliers | 440/4 | €2,540 | €4,599 | +€2,058 | +81.0% |
| Taxes, remuneration and social security | 45 | €1,869 | €3,908 | +€2,039 | +109% |
| Taxes | 450/3 | €1,869 | €3,908 | +€2,039 | +109% |
| Other amounts payable | 47/48 | €2,259 | - | -€2,259 | |
| Remuneration, social security and pensions | 62 | - | €329 | +€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,288 | €2,402 | +€113 | +5.0% |
| Other operating charges | 640/8 | €2,172 | €1,036 | -€1,136 | -52.3% |
| Gross operating margin | 9900 | €19,966 | €22,297 | +€2,331 | +11.7% |
| Operating profit (loss) | 9901 | €15,506 | €18,530 | +€3,024 | +19.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €87 | €126 | +€39 | +44.2% |
| Recurring financial charges | 65 | €87 | €126 | +€39 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €15,418 | €18,404 | +€2,986 | +19.4% |
| Income taxes | 67/77 | €5,328 | €6,540 | +€1,212 | +22.7% |
| Profit (loss) for the period | 9904 | €10,091 | €11,865 | +€1,774 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,091 | €11,865 | +€1,774 | +17.6% |
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 21 October 2026 via checked.be.