COVETEX: 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.
COVETEX
Largest movements
- Current assets +€5,841
up €5,841 (+2.0%), from €298,977 to €304,818
of which Receivables within one year: +€5,864
- Profit (loss) carried forward +€5,841
up €5,841 (+29.6%), from -€19,729 to -€13,888
- Gross operating margin +€4,101
up €4,101 (+35.8%), from -€11,449 to -€7,348
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,977 | €304,818 | +€5,841 | +2.0% |
| Current assets | 29/58 | €298,977 | €304,818 | +€5,841 | +2.0% |
| Amounts receivable within one year | 40/41 | €33,938 | €39,802 | +€5,864 | +17.3% |
| Cash at bank and in hand | 54/58 | €39 | €16 | -€22 | -58.3% |
| Total equity and liabilities | 10/49 | €298,977 | €304,818 | +€5,841 | +2.0% |
| Equity | 10/15 | €196,938 | €202,779 | +€5,841 | +3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €198,075 | €198,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,729 | -€13,888 | +€5,841 | +29.6% |
| Provisions and deferred taxes | 16 | €102,039 | €102,039 | = | 0.0% |
| Gross operating margin | 9900 | -€11,449 | -€7,348 | +€4,101 | +35.8% |
| Operating profit (loss) | 9901 | -€11,449 | -€7,348 | +€4,101 | +35.8% |
| Recurring financial income | 75 | €13,449 | €13,244 | -€205 | -1.5% |
| Recurring financial charges | 65 | €79 | €55 | -€24 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €1,921 | €5,841 | +€3,920 | +204.1% |
| Profit (loss) for the period | 9904 | €1,921 | €5,841 | +€3,920 | +204.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,921 | €5,841 | +€3,920 | +204.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2019 and 31 January 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.