Covico-Holding: what changed
Covico-Holding
Largest movements
- Receivables after one year +€113,595
up €113,595 (+15.1%), from €751,074 to €864,669
- Cash -€85,515
down €85,515 (-95.0%), from €90,013 to €4,498
mainly Receivables after one year (-€113,595) and Debts after one year (-€33,660)
- Other debts +€44,838
up €44,838 (+418%), from €10,730 to €55,568
- Debts after one year -€33,660
down €33,660 (-9.4%), from €357,279 to €323,619
- Accrued charges and deferred income +€24,041
new in 2025: €24,041
- Financial charges +€23,977
up €23,977 (+13,851%), from €173 to €24,150
- Gross operating margin +€23,963
up €23,963, from -€2,485 to €21,478
- Financial income +€926
up €926 (+26.8%), from €3,461 to €4,387
- Other operating charges -€347
down €347 (-21.7%), from €1,598 to €1,250
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 | €1,824,517 | €1,862,384 | +€37,867 | +2.1% |
| Fixed assets | 21/28 | €983,363 | €983,363 | = | 0.0% |
| Financial fixed assets | 28 | €983,363 | €983,363 | = | 0.0% |
| Current assets | 29/58 | €841,154 | €879,021 | +€37,867 | +4.5% |
| Amounts receivable after more than one year | 29 | €751,074 | €864,669 | +€113,595 | +15.1% |
| Other amounts receivable | 291 | €751,074 | €864,669 | +€113,595 | +15.1% |
| Amounts receivable within one year | 40/41 | €67 | €6,050 | +€5,983 | +8,871% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €67 | €0 | -€67 | -100% |
| Cash at bank and in hand | 54/58 | €90,013 | €4,498 | -€85,515 | -95.0% |
| Deferred charges and accrued income | 490/1 | - | €3,805 | +€3,805 | |
| Total equity and liabilities | 10/49 | €1,824,517 | €1,862,384 | +€37,867 | +2.1% |
| Equity | 10/15 | €1,456,508 | €1,456,140 | -€368 | 0.0% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Reserves | 13 | €536,508 | €536,140 | -€368 | -0.1% |
| Distributable reserves | 133 | €536,508 | €536,140 | -€368 | -0.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €368,009 | €406,244 | +€38,235 | +10.4% |
| Amounts payable after more than one year | 17 | €357,279 | €323,619 | -€33,660 | -9.4% |
| Financial debts | 170/4 | €357,279 | €323,619 | -€33,660 | -9.4% |
| Amounts payable within one year | 42/48 | €10,730 | €58,584 | +€47,854 | +446% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €3,016 | +€3,016 | |
| Taxes | 450/3 | - | €3,016 | +€3,016 | |
| Other amounts payable | 47/48 | €10,730 | €55,568 | +€44,838 | +418% |
| Accrued charges and deferred income | 492/3 | - | €24,041 | +€24,041 | |
| Other operating charges | 640/8 | €1,598 | €1,250 | -€347 | -21.7% |
| Gross operating margin | 9900 | -€2,485 | €21,478 | +€23,963 | |
| Operating profit (loss) | 9901 | -€4,083 | €20,228 | +€24,310 | |
| Financial income | 75/76B | €3,461 | €4,387 | +€926 | +26.8% |
| Recurring financial income | 75 | €3,461 | €4,387 | +€926 | +26.8% |
| Financial charges | 65/66B | €173 | €24,150 | +€23,977 | +13,851% |
| Recurring financial charges | 65 | €173 | €24,150 | +€23,977 | +13,851% |
| Profit (loss) for the period before taxes | 9903 | -€794 | €465 | +€1,260 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€794 | €465 | +€1,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€794 | €465 | +€1,260 |
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 5 November 2026 via checked.be.