COVIDIR: 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.
COVIDIR
Largest movements
- Tangible fixed assets -€42,537
down €42,537 (-21.8%), from €195,174 to €152,638
of which Furniture and vehicles: -€24,516
- Cash +€29,590
up €29,590 (+16.5%), from €179,478 to €209,068
mainly Depreciation (+€42,537) and Net result for the year (+€35,272)
- Receivables within one year +€6,236
up €6,236 (+43.3%), from €14,389 to €20,625
of which Other amounts receivable: +€11,530
- Reserves +€26,270
up €26,270 (+12.7%), from €207,460 to €233,730
of which Distributable reserves: +€26,270
- Debts after one year -€21,687
down €21,687 (-20.2%), from €107,115 to €85,428
- Tax, wage and social debts -€8,650
down €8,650 (-27.6%), from €31,388 to €22,738
- Financial income -€53,005
no longer reported in 2025 (was €53,005)
- Gross operating margin +€16,531
up €16,531 (+19.4%), from €85,382 to €101,913
- Depreciation +€8,249
up €8,249 (+24.1%), from €34,288 to €42,537
- Taxes -€3,194
down €3,194 (-16.9%), from €18,921 to €15,727
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.
Cash bridge derived
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 | €509,141 | €502,431 | -€6,710 | -1.3% |
| Fixed assets | 21/28 | €313,774 | €271,238 | -€42,537 | -13.6% |
| Tangible fixed assets | 22/27 | €195,174 | €152,638 | -€42,537 | -21.8% |
| Land and buildings | 22 | €85,217 | €68,335 | -€16,882 | -19.8% |
| Plant, machinery and equipment | 23 | €1,861 | €722 | -€1,139 | -61.2% |
| Furniture and vehicles | 24 | €108,096 | €83,581 | -€24,516 | -22.7% |
| Financial fixed assets | 28 | €118,600 | €118,600 | = | 0.0% |
| Current assets | 29/58 | €195,366 | €231,193 | +€35,827 | +18.3% |
| Amounts receivable within one year | 40/41 | €14,389 | €20,625 | +€6,236 | +43.3% |
| Trade receivables | 40 | €13,319 | €8,025 | -€5,294 | -39.7% |
| Other amounts receivable | 41 | €1,070 | €12,600 | +€11,530 | +1077.8% |
| Cash at bank and in hand | 54/58 | €179,478 | €209,068 | +€29,590 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €509,141 | €502,431 | -€6,710 | -1.3% |
| Equity | 10/15 | €345,730 | €370,342 | +€24,612 | +7.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €207,460 | €233,730 | +€26,270 | +12.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €200,960 | €227,230 | +€26,270 | +13.1% |
| Profit (loss) carried forward | 14 | €38,270 | €36,612 | -€1,658 | -4.3% |
| Amounts payable | 17/49 | €163,411 | €132,089 | -€31,322 | -19.2% |
| Amounts payable after more than one year | 17 | €107,115 | €85,428 | -€21,687 | -20.2% |
| Financial debts | 170/4 | €107,115 | €85,428 | -€21,687 | -20.2% |
| Amounts payable within one year | 42/48 | €55,471 | €45,836 | -€9,635 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €20,817 | €21,687 | +€870 | +4.2% |
| Trade debts | 44 | €3,267 | €1,412 | -€1,855 | -56.8% |
| Suppliers | 440/4 | €3,267 | €1,412 | -€1,855 | -56.8% |
| Taxes, remuneration and social security | 45 | €31,388 | €22,738 | -€8,650 | -27.6% |
| Taxes | 450/3 | €31,388 | €22,738 | -€8,650 | -27.6% |
| Accrued charges and deferred income | 492/3 | €825 | €825 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,288 | €42,537 | +€8,249 | +24.1% |
| Other operating charges | 640/8 | €3,630 | €3,355 | -€275 | -7.6% |
| Gross operating margin | 9900 | €85,382 | €101,913 | +€16,531 | +19.4% |
| Operating profit (loss) | 9901 | €47,465 | €56,021 | +€8,556 | +18.0% |
| Financial income | 75/76B | €53,005 | - | -€53,005 | |
| Recurring financial income | 75 | €53,005 | - | -€53,005 | |
| Financial charges | 65/66B | €5,815 | €5,022 | -€793 | -13.6% |
| Recurring financial charges | 65 | €5,815 | €5,022 | -€793 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €94,654 | €50,999 | -€43,655 | -46.1% |
| Income taxes | 67/77 | €18,921 | €15,727 | -€3,194 | -16.9% |
| Profit (loss) for the period | 9904 | €75,733 | €35,272 | -€40,461 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,733 | €35,272 | -€40,461 | -53.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.