Covico Vastgoed: 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.
Covico Vastgoed
Largest movements
- Stocks and contracts +€671,964
up €671,964 (+162%), from €415,088 to €1.1m
of which Stocks: +€671,964
- Deferred charges and accrued income +€100,000
new in 2025: €100,000
- Receivables within one year +€18,003
up €18,003 (+110%), from €16,361 to €34,364
of which Other amounts receivable: +€9,049
- Short-term financial debts +€506,406
up €506,406, from €0 to €506,406
- Trade debts +€241,232
up €241,232 (+470%), from €51,371 to €292,603
- Tax, wage and social debts +€64,670
up €64,670 (+373%), from €17,344 to €82,014
of which Taxes: +€64,670
- Debts after one year -€25,400
down €25,400 (-7.4%), from €344,799 to €319,399
of which Financial debts: -€344,799
- Gross operating margin -€17,410
down €17,410 (-54.2%), from €32,150 to €14,740
- Staff costs -€5,009
down €5,009 (-100%), from €5,009 to €0
- Taxes -€3,806
down €3,806 (-68.3%), from €5,569 to €1,763
- Financial charges +€2,135
up €2,135 (+96.5%), from €2,213 to €4,348
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 | €482,294 | €1,273,846 | +€791,552 | +164% |
| Fixed assets | 21/28 | €15,601 | €12,000 | -€3,601 | -23.1% |
| Intangible fixed assets | 21 | €15,601 | €12,000 | -€3,601 | -23.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €466,693 | €1,261,846 | +€795,153 | +170% |
| Stocks and contracts in progress | 3 | €415,088 | €1,087,052 | +€671,964 | +162% |
| Stocks | 30/36 | €379,218 | €1,051,182 | +€671,964 | +177% |
| Contracts in progress | 37 | €35,871 | €35,871 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,361 | €34,364 | +€18,003 | +110% |
| Trade receivables | 40 | €881 | €9,835 | +€8,954 | +1,016% |
| Other amounts receivable | 41 | €15,479 | €24,528 | +€9,049 | +58.5% |
| Cash at bank and in hand | 54/58 | €35,244 | €40,430 | +€5,185 | +14.7% |
| Deferred charges and accrued income | 490/1 | - | €100,000 | +€100,000 | |
| Total equity and liabilities | 10/49 | €482,294 | €1,273,846 | +€791,552 | +164% |
| Equity | 10/15 | €68,292 | €72,807 | +€4,515 | +6.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,292 | €67,807 | +€4,515 | +7.1% |
| Distributable reserves | 133 | €63,292 | €67,807 | +€4,515 | +7.1% |
| Amounts payable | 17/49 | €414,002 | €1,201,039 | +€787,037 | +190% |
| Amounts payable after more than one year | 17 | €344,799 | €319,399 | -€25,400 | -7.4% |
| Financial debts | 170/4 | €344,799 | €0 | -€344,799 | -100% |
| Other amounts payable | 178/9 | - | €319,399 | +€319,399 | |
| Amounts payable within one year | 42/48 | €68,716 | €881,023 | +€812,307 | +1,182% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €506,406 | +€506,406 | |
| Credit institutions | 430/8 | €0 | €506,406 | +€506,406 | |
| Trade debts | 44 | €51,371 | €292,603 | +€241,232 | +470% |
| Suppliers | 440/4 | €51,371 | €292,603 | +€241,232 | +470% |
| Taxes, remuneration and social security | 45 | €17,344 | €82,014 | +€64,670 | +373% |
| Taxes | 450/3 | €17,274 | €81,943 | +€64,670 | +374% |
| Remuneration and social security | 454/9 | €70 | €70 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €487 | €617 | +€130 | +26.7% |
| Remuneration, social security and pensions | 62 | €5,009 | €0 | -€5,009 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | €3,601 | -€116 | -3.1% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €32,150 | €14,740 | -€17,410 | -54.2% |
| Operating profit (loss) | 9901 | €22,924 | €10,626 | -€12,298 | -53.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,213 | €4,348 | +€2,135 | +96.5% |
| Recurring financial charges | 65 | €2,213 | €4,348 | +€2,135 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €20,711 | €6,278 | -€14,433 | -69.7% |
| Income taxes | 67/77 | €5,569 | €1,763 | -€3,806 | -68.3% |
| Profit (loss) for the period | 9904 | €15,142 | €4,515 | -€10,628 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,142 | €4,515 | -€10,628 | -70.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.