COVIDEC: what changed
COVIDEC
Largest movements
- Receivables within one year -€207
down €207 (-83.6%), from €248 to €41
- Deferred charges and accrued income +€108
new in 2025: €108
- Cash +€86
up €86 (+90.1%), from €95 to €181
mainly Other debts (+€551) and Trade debts (+€528)
- Profit (loss) carried forward -€1,092
down €1,092 (-1.0%), from -€108,481 to -€109,573
- Other debts +€551
up €551 (+3.4%), from €16,176 to €16,727
- Trade debts +€528
up €528 (+24.0%), from €2,197 to €2,725
- Gross operating margin -€941
down €941, from €51 to -€891
- Financial income -€48
no longer reported in 2025 (was €48)
of which Financial income: -€48
- Financial charges -€18
down €18 (-9.7%), from €183 to €165
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 | €343 | €330 | -€13 | -3.8% |
| Current assets | 29/58 | €343 | €330 | -€13 | -3.8% |
| Amounts receivable within one year | 40/41 | €248 | €41 | -€207 | -83.6% |
| Other amounts receivable | 41 | €248 | €41 | -€207 | -83.6% |
| Cash at bank and in hand | 54/58 | €95 | €181 | +€86 | +90.1% |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €343 | €330 | -€13 | -3.8% |
| Equity | 10/15 | -€18,030 | -€19,122 | -€1,092 | -6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,859 | €71,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,481 | -€109,573 | -€1,092 | -1.0% |
| Amounts payable | 17/49 | €18,373 | €19,452 | +€1,078 | +5.9% |
| Amounts payable within one year | 42/48 | €18,373 | €19,452 | +€1,078 | +5.9% |
| Trade debts | 44 | €2,197 | €2,725 | +€528 | +24.0% |
| Suppliers | 440/4 | €2,197 | €2,725 | +€528 | +24.0% |
| Other amounts payable | 47/48 | €16,176 | €16,727 | +€551 | +3.4% |
| Non-recurring operating charges | 66A | - | €36 | +€36 | |
| Gross operating margin | 9900 | €51 | -€891 | -€941 | |
| Operating profit (loss) | 9901 | €51 | -€927 | -€977 | |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Non-recurring financial income | 76B | €48 | - | -€48 | |
| Financial charges | 65/66B | €183 | €165 | -€18 | -9.7% |
| Recurring financial charges | 65 | €183 | €165 | -€18 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€84 | -€1,092 | -€1,008 | -1,202% |
| Profit (loss) for the period | 9904 | -€84 | -€1,092 | -€1,008 | -1,202% |
| Profit (loss) for the period to be appropriated | 9905 | -€84 | -€1,092 | -€1,008 | -1,202% |
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 6 November 2026 via checked.be.