COVI-DECO: 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.
COVI-DECO
Largest movements
- Receivables within one year +€16,198
up €16,198 (+27.1%), from €59,711 to €75,909
of which Other amounts receivable: +€19,698
- Tangible fixed assets -€12,980
down €12,980 (-30.5%), from €42,554 to €29,574
of which Furniture and vehicles: -€11,641
- Deferred charges and accrued income -€1,121
down €1,121 (-67.3%), from €1,665 to €544
- Profit (loss) carried forward -€18,004
down €18,004 (-337%), from -€5,347 to -€23,351
- Other debts +€17,700
up €17,700 (+186%), from €9,496 to €27,196
- Trade debts +€12,714
up €12,714 (+42.6%), from €29,833 to €42,547
- Reserves -€4,603
down €4,603 (-20.6%), from €22,392 to €17,790
of which Tax-exempt reserves: -€4,603
- Tax, wage and social debts -€2,744
down €2,744 (-48.9%), from €5,611 to €2,867
- Gross operating margin -€53,423
down €53,423, from €50,242 to -€3,181
- Depreciation +€2,218
up €2,218 (+20.6%), from €10,762 to €12,980
- Taxes -€1,623
down €1,623 (-36.2%), from €4,490 to €2,867
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,660 | €106,549 | +€1,889 | +1.8% |
| Fixed assets | 21/28 | €42,554 | €29,574 | -€12,980 | -30.5% |
| Tangible fixed assets | 22/27 | €42,554 | €29,574 | -€12,980 | -30.5% |
| Plant, machinery and equipment | 23 | €687 | €91 | -€597 | -86.8% |
| Furniture and vehicles | 24 | €36,721 | €25,080 | -€11,641 | -31.7% |
| Other tangible fixed assets | 26 | €5,146 | €4,404 | -€742 | -14.4% |
| Current assets | 29/58 | €62,106 | €76,975 | +€14,869 | +23.9% |
| Stocks and contracts in progress | 3 | €490 | €490 | = | 0.0% |
| Stocks | 30/36 | €490 | €490 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,711 | €75,909 | +€16,198 | +27.1% |
| Trade receivables | 40 | €39,183 | €35,684 | -€3,500 | -8.9% |
| Other amounts receivable | 41 | €20,527 | €40,225 | +€19,698 | +96.0% |
| Cash at bank and in hand | 54/58 | €241 | €32 | -€209 | -86.7% |
| Deferred charges and accrued income | 490/1 | €1,665 | €544 | -€1,121 | -67.3% |
| Total equity and liabilities | 10/49 | €104,660 | €106,549 | +€1,889 | +1.8% |
| Equity | 10/15 | €23,245 | €639 | -€22,607 | -97.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €22,392 | €17,790 | -€4,603 | -20.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,532 | €15,930 | -€4,603 | -22.4% |
| Profit (loss) carried forward | 14 | -€5,347 | -€23,351 | -€18,004 | -337% |
| Provisions and deferred taxes | 16 | €6,844 | €5,310 | -€1,534 | -22.4% |
| Deferred taxes | 168 | €6,844 | €5,310 | -€1,534 | -22.4% |
| Amounts payable | 17/49 | €74,571 | €100,600 | +€26,029 | +34.9% |
| Amounts payable after more than one year | 17 | €2,156 | - | -€2,156 | |
| Financial debts | 170/4 | €2,156 | - | -€2,156 | |
| Amounts payable within one year | 42/48 | €72,415 | €100,600 | +€28,185 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €5,099 | €3,059 | -€2,040 | -40.0% |
| Financial debts | 43 | €2,298 | €4,464 | +€2,165 | +94.2% |
| Credit institutions | 430/8 | €2,298 | €4,464 | +€2,165 | +94.2% |
| Trade debts | 44 | €29,833 | €42,547 | +€12,714 | +42.6% |
| Suppliers | 440/4 | €29,833 | €42,547 | +€12,714 | +42.6% |
| Advances received on contracts in progress | 46 | €20,077 | €20,467 | +€390 | +1.9% |
| Taxes, remuneration and social security | 45 | €5,611 | €2,867 | -€2,744 | -48.9% |
| Taxes | 450/3 | €5,611 | €2,867 | -€2,744 | -48.9% |
| Other amounts payable | 47/48 | €9,496 | €27,196 | +€17,700 | +186% |
| Non-recurring operating income | 76A | €30,269 | - | -€30,269 | |
| Remuneration, social security and pensions | 62 | €34 | €156 | +€122 | +362% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,762 | €12,980 | +€2,218 | +20.6% |
| Other operating charges | 640/8 | €3,766 | €3,845 | +€79 | +2.1% |
| Gross operating margin | 9900 | €50,242 | -€3,181 | -€53,423 | |
| Operating profit (loss) | 9901 | €35,681 | -€20,162 | -€55,842 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €757 | €1,112 | +€355 | +46.9% |
| Recurring financial charges | 65 | €757 | €1,112 | +€355 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €34,924 | -€21,274 | -€56,198 | |
| Transfer from deferred taxes | 780 | €723 | €1,534 | +€811 | +112% |
| Transfer to deferred taxes | 680 | €7,567 | - | -€7,567 | |
| Income taxes | 67/77 | €4,490 | €2,867 | -€1,623 | -36.2% |
| Profit (loss) for the period | 9904 | €23,589 | -€22,607 | -€46,196 | |
| Transfer from tax-exempt reserves | 789 | €2,169 | €4,603 | +€2,434 | +112% |
| Transfer to tax-exempt reserves | 689 | €22,701 | - | -€22,701 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,057 | -€18,004 | -€21,061 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.