Covetafuma: 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.
Covetafuma
Largest movements
- Receivables within one year +€247,271
up €247,271 (+125.6%), from €196,841 to €444,112
of which Trade receivables: +€243,689
- Tangible fixed assets -€82,659
down €82,659 (-1.9%), from €4.4m to €4.3m
of which Land and buildings: -€81,116
- Other debts +€290,709
up €290,709 (+42223.5%), from €689 to €291,397
- Debts after one year -€195,441
down €195,441 (-6.6%), from €2.9m to €2.7m
of which Financial debts: -€202,057
- Write-downs -€34,461
new in 2025: -€34,461
- Other operating charges -€33,598
down €33,598 (-52.8%), from €63,651 to €30,053
- Gross operating margin -€15,153
down €15,153 (-3.9%), from €384,214 to €369,060
- Financial charges -€7,101
down €7,101 (-6.1%), from €116,998 to €109,897
- Depreciation +€3,863
up €3,863 (+1.6%), from €248,311 to €252,174
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 | €4,649,370 | €4,802,360 | +€152,990 | +3.3% |
| Formation expenses | 20 | €202 | - | -€202 | |
| Fixed assets | 21/28 | €4,417,720 | €4,335,061 | -€82,659 | -1.9% |
| Tangible fixed assets | 22/27 | €4,417,720 | €4,335,061 | -€82,659 | -1.9% |
| Land and buildings | 22 | €4,412,494 | €4,331,378 | -€81,116 | -1.8% |
| Plant, machinery and equipment | 23 | €5,226 | €3,683 | -€1,542 | -29.5% |
| Current assets | 29/58 | €231,447 | €467,299 | +€235,851 | +101.9% |
| Amounts receivable within one year | 40/41 | €196,841 | €444,112 | +€247,271 | +125.6% |
| Trade receivables | 40 | €111,037 | €354,727 | +€243,689 | +219.5% |
| Other amounts receivable | 41 | €85,803 | €89,385 | +€3,582 | +4.2% |
| Cash at bank and in hand | 54/58 | €34,607 | €23,187 | -€11,420 | -33.0% |
| Total equity and liabilities | 10/49 | €4,649,370 | €4,802,360 | +€152,990 | +3.3% |
| Equity | 10/15 | €1,452,565 | €1,467,826 | +€15,261 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€566,035 | -€550,774 | +€15,261 | +2.7% |
| Amounts payable | 17/49 | €3,196,805 | €3,334,534 | +€137,729 | +4.3% |
| Amounts payable after more than one year | 17 | €2,941,466 | €2,746,025 | -€195,441 | -6.6% |
| Financial debts | 170/4 | €2,862,874 | €2,660,817 | -€202,057 | -7.1% |
| Other amounts payable | 178/9 | €78,592 | €85,208 | +€6,616 | +8.4% |
| Amounts payable within one year | 42/48 | €255,339 | €588,509 | +€333,170 | +130.5% |
| Current portion of amounts payable after more than one year | 42 | €194,792 | €202,057 | +€7,265 | +3.7% |
| Trade debts | 44 | €38,503 | €75,677 | +€37,174 | +96.5% |
| Suppliers | 440/4 | €38,503 | €75,677 | +€37,174 | +96.5% |
| Taxes, remuneration and social security | 45 | €21,355 | €19,378 | -€1,978 | -9.3% |
| Taxes | 450/3 | €21,355 | €19,378 | -€1,978 | -9.3% |
| Other amounts payable | 47/48 | €689 | €291,397 | +€290,709 | +42223.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,311 | €252,174 | +€3,863 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€34,461 | -€34,461 | |
| Other operating charges | 640/8 | €63,651 | €30,053 | -€33,598 | -52.8% |
| Gross operating margin | 9900 | €384,214 | €369,060 | -€15,153 | -3.9% |
| Operating profit (loss) | 9901 | €72,252 | €121,295 | +€49,043 | +67.9% |
| Financial income | 75/76B | €3,658 | €3,863 | +€206 | +5.6% |
| Recurring financial income | 75 | €3,658 | €3,863 | +€206 | +5.6% |
| Financial charges | 65/66B | €116,998 | €109,897 | -€7,101 | -6.1% |
| Recurring financial charges | 65 | €116,998 | €109,897 | -€7,101 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,088 | €15,261 | +€56,350 | |
| Profit (loss) for the period | 9904 | -€41,088 | €15,261 | +€56,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,088 | €15,261 | +€56,350 |
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 5 October 2026 via checked.be.