Coveth: 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.
Coveth
Largest movements
- Cash +€15,597
up €15,597 (+22.1%), from €70,651 to €86,248
mainly Depreciation (+€12,147) and Receivables within one year (+€11,513)
- Receivables within one year -€11,513
down €11,513 (-74.2%), from €15,526 to €4,013
of which Trade receivables: -€7,345
- Tangible fixed assets -€11,379
down €11,379 (-44.8%), from €25,404 to €14,025
of which Furniture and vehicles: -€10,842
- Debts after one year -€6,574
no longer reported in 2025 (was €6,574)
- Short-term financial debts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€4,769
new in 2025: €4,769
- Trade debts -€2,135
no longer reported in 2025 (was €2,135)
- Gross operating margin +€8,569
up €8,569 (+45.2%), from €18,940 to €27,509
- Taxes +€1,374
up €1,374 (+49.4%), from €2,780 to €4,154
- Financial charges -€344
down €344 (-53.5%), from €643 to €299
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 | €171,581 | €164,286 | -€7,295 | -4.3% |
| Fixed assets | 21/28 | €85,404 | €74,025 | -€11,379 | -13.3% |
| Intangible fixed assets | 21 | €60,000 | €60,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,404 | €14,025 | -€11,379 | -44.8% |
| Furniture and vehicles | 24 | €22,957 | €12,115 | -€10,842 | -47.2% |
| Other tangible fixed assets | 26 | €2,447 | €1,910 | -€537 | -21.9% |
| Current assets | 29/58 | €86,177 | €90,261 | +€4,084 | +4.7% |
| Amounts receivable within one year | 40/41 | €15,526 | €4,013 | -€11,513 | -74.2% |
| Trade receivables | 40 | €7,345 | €0 | -€7,345 | -100% |
| Other amounts receivable | 41 | €8,181 | €4,013 | -€4,168 | -50.9% |
| Cash at bank and in hand | 54/58 | €70,651 | €86,248 | +€15,597 | +22.1% |
| Total equity and liabilities | 10/49 | €171,581 | €164,286 | -€7,295 | -4.3% |
| Equity | 10/15 | €151,862 | €152,943 | +€1,081 | +0.7% |
| Contributions | 10/11 | €60,606 | €60,606 | = | 0.0% |
| Capital | 10 | €60,606 | €60,606 | = | 0.0% |
| Issued capital | 100 | €60,606 | €60,606 | = | 0.0% |
| Reserves | 13 | €91,256 | €92,337 | +€1,081 | +1.2% |
| Non-distributable reserves | 130/1 | €4,416 | €4,416 | = | 0.0% |
| Legal reserve | 130 | €4,416 | €4,416 | = | 0.0% |
| Distributable reserves | 133 | €86,840 | €87,921 | +€1,081 | +1.2% |
| Amounts payable | 17/49 | €19,719 | €11,343 | -€8,376 | -42.5% |
| Amounts payable after more than one year | 17 | €6,574 | - | -€6,574 | |
| Financial debts | 170/4 | €6,574 | - | -€6,574 | |
| Amounts payable within one year | 42/48 | €13,145 | €11,343 | -€1,802 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €6,010 | €6,574 | +€564 | +9.4% |
| Financial debts | 43 | €5,000 | - | -€5,000 | |
| Credit institutions | 430/8 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €2,135 | - | -€2,135 | |
| Suppliers | 440/4 | €2,135 | - | -€2,135 | |
| Taxes, remuneration and social security | 45 | - | €4,769 | +€4,769 | |
| Taxes | 450/3 | - | €4,769 | +€4,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,963 | €12,147 | +€184 | +1.5% |
| Other operating charges | 640/8 | €882 | €1,002 | +€120 | +13.6% |
| Gross operating margin | 9900 | €18,940 | €27,509 | +€8,569 | +45.2% |
| Operating profit (loss) | 9901 | €6,095 | €14,360 | +€8,265 | +136% |
| Financial income | 75/76B | €266 | €165 | -€101 | -38.0% |
| Recurring financial income | 75 | €266 | €165 | -€101 | -38.0% |
| Financial charges | 65/66B | €643 | €299 | -€344 | -53.5% |
| Recurring financial charges | 65 | €643 | €299 | -€344 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €5,718 | €14,226 | +€8,508 | +149% |
| Income taxes | 67/77 | €2,780 | €4,154 | +€1,374 | +49.4% |
| Profit (loss) for the period | 9904 | €2,938 | €10,072 | +€7,134 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €2,938 | €10,072 | +€7,134 | +243% |
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 13 October 2026 via checked.be.