Covi Solutions: what changed
Covi Solutions
Largest movements
- Stocks and contracts +€15,133
up €15,133 (+1,612%), from €939 to €16,072
of which Contracts in progress: +€10,955
- Tangible fixed assets -€14,946
down €14,946 (-24.4%), from €61,266 to €46,320
- Receivables within one year +€12,919
up €12,919 (+135%), from €9,538 to €22,457
of which Trade receivables: +€12,825
- Other debts +€13,319
up €13,319 (+22.0%), from €60,568 to €73,886
- Current portion of long-term debt -€1,756
no longer reported in 2025 (was €1,756)
- Tax, wage and social debts +€1,164
up €1,164 (+494%), from €236 to €1,400
of which Remuneration and social security: +€1,400
- Gross operating margin -€11,879
down €11,879 (-40.4%), from €29,398 to €17,520
- Depreciation +€3,221
up €3,221 (+27.5%), from €11,725 to €14,946
- Write-downs -€2,157
no longer reported in 2025 (was €2,157)
- Other operating charges +€1,576
up €1,576 (+247%), from €638 to €2,214
- Financial charges -€433
down €433 (-58.5%), from €741 to €308
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,087 | €86,173 | +€13,087 | +17.9% |
| Fixed assets | 21/28 | €61,266 | €46,320 | -€14,946 | -24.4% |
| Tangible fixed assets | 22/27 | €61,266 | €46,320 | -€14,946 | -24.4% |
| Furniture and vehicles | 24 | €61,266 | €46,320 | -€14,946 | -24.4% |
| Current assets | 29/58 | €11,821 | €39,853 | +€28,033 | +237% |
| Stocks and contracts in progress | 3 | €939 | €16,072 | +€15,133 | +1,612% |
| Stocks | 30/36 | €939 | €5,117 | +€4,178 | +445% |
| Contracts in progress | 37 | - | €10,955 | +€10,955 | |
| Amounts receivable within one year | 40/41 | €9,538 | €22,457 | +€12,919 | +135% |
| Trade receivables | 40 | €8,177 | €21,002 | +€12,825 | +157% |
| Other amounts receivable | 41 | €1,361 | €1,455 | +€93 | +6.9% |
| Cash at bank and in hand | 54/58 | €1,344 | €1,325 | -€19 | -1.4% |
| Total equity and liabilities | 10/49 | €73,087 | €86,173 | +€13,087 | +17.9% |
| Equity | 10/15 | €2,480 | €2,554 | +€74 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,980 | -€17,906 | +€74 | +0.4% |
| Amounts payable | 17/49 | €70,607 | €83,619 | +€13,012 | +18.4% |
| Amounts payable within one year | 42/48 | €70,607 | €83,619 | +€13,012 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,756 | - | -€1,756 | |
| Trade debts | 44 | €8,047 | €8,333 | +€286 | +3.5% |
| Suppliers | 440/4 | €8,047 | €8,333 | +€286 | +3.5% |
| Taxes, remuneration and social security | 45 | €236 | €1,400 | +€1,164 | +494% |
| Taxes | 450/3 | €236 | - | -€236 | |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €60,568 | €73,886 | +€13,319 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,725 | €14,946 | +€3,221 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,157 | - | -€2,157 | |
| Other operating charges | 640/8 | €638 | €2,214 | +€1,576 | +247% |
| Non-recurring operating charges | 66A | €6,791 | - | -€6,791 | |
| Gross operating margin | 9900 | €29,398 | €17,520 | -€11,879 | -40.4% |
| Operating profit (loss) | 9901 | €8,087 | €360 | -€7,727 | -95.5% |
| Financial income | 75/76B | €260 | €22 | -€238 | -91.6% |
| Recurring financial income | 75 | €260 | €22 | -€238 | -91.6% |
| Financial charges | 65/66B | €741 | €308 | -€433 | -58.5% |
| Recurring financial charges | 65 | €741 | €308 | -€433 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €7,606 | €74 | -€7,532 | -99.0% |
| Income taxes | 67/77 | €236 | - | -€236 | |
| Profit (loss) for the period | 9904 | €7,371 | €74 | -€7,296 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,371 | €74 | -€7,296 | -99.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.