COVIFIL: 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.
What changed
COVIFIL
NACE 92.000, Gambling and betting activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,809
2024 · €1.2m-€1.2m
Equity
€1.7m
2024 · €2.2m-€481,191
Cash
€811,016
2024 · €432,837+€378,179
Balance sheet total
€3.1m
2024 · €2.9m+€195,084
Largest movements
Assets
- Current investments +€400,000
new in 2025: €400,000
- Cash +€378,179
up €378,179 (+87.4%), from €432,837 to €811,016
mainly Other debts (+€434,107) and Depreciation (+€429,400)
- Tangible fixed assets -€217,051
down €217,051 (-15.6%), from €1.4m to €1.2m
- Intangible fixed assets -€181,320
down €181,320 (-29.3%), from €619,510 to €438,190
- Deferred charges and accrued income -€151,757
no longer reported in 2025 (was €151,757)
Equity and liabilities
- Profit (loss) carried forward -€481,191
down €481,191 (-28.3%), from €1.7m to €1.2m
- Other debts +€434,107
up €434,107 (+142%), from €305,097 to €739,204
- Trade debts +€249,235
up €249,235 (+115%), from €216,775 to €466,010
Income statement
- Turnover -€1.0m
down €1.0m (-16.0%), from €6.4m to €5.4m
- Services and other goods +€480,281
up €480,281 (+13.8%), from €3.5m to €4.0m
- Other operating income +€350,748
up €350,748 (+565%), from €62,036 to €412,784
- Financial income -€311,134
down €311,134 (-95.9%), from €324,319 to €13,185
- Taxes -€222,932
down €222,932 (-54.9%), from €406,214 to €183,282
of which Taxes: -€255,459
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.
Result 2024
€1.2m
Turnover
-€1.0m
Other operating income
+€350,748
Goods and materials
+€21,517
Services and other goods
-€480,281
Staff costs
+€4,039
Depreciation
-€24,904
Other operating charges
+€31,180
Other operating items
-€1,007
Financial income
-€311,134
Financial charges
+€3,956
Taxes
+€222,932
Result 2025
€18,809
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€431,029
Financing
-€500,000
Cash 2024
€432,837
From operations (derived)
+€1.3m
Net result for the year
+€18,809
Depreciation
+€429,400
Stocks and contracts
+€1,615
Receivables within one year
+€31,352
Deferred charges and accrued income
+€151,757
Trade debts
+€249,235
Tax, wage and social debts
-€2,338
Other debts
+€434,107
Accrued charges and deferred income
-€4,728
Investment (derived)
-€431,029
Investment in fixed assets (net)
-€31,029
Current investments
-€400,000
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€811,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,889,580 | €3,084,664 | +€195,084 | +6.8% |
| Fixed assets | 21/28 | €2,157,566 | €1,759,195 | -€398,371 | -18.5% |
| Intangible fixed assets | 21 | €619,510 | €438,190 | -€181,320 | -29.3% |
| Tangible fixed assets | 22/27 | €1,388,688 | €1,171,637 | -€217,051 | -15.6% |
| Land and buildings | 22 | €552,705 | €489,000 | -€63,705 | -11.5% |
| Plant, machinery and equipment | 23 | €646,984 | €541,725 | -€105,259 | -16.3% |
| Furniture and vehicles | 24 | €188,999 | €140,912 | -€48,087 | -25.4% |
| Financial fixed assets | 28 | €149,368 | €149,368 | = | 0.0% |
| Other financial fixed assets | 284/8 | €149,368 | €149,368 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149,368 | €149,368 | = | 0.0% |
| Current assets | 29/58 | €732,014 | €1,325,469 | +€593,455 | +81.1% |
| Stocks and contracts in progress | 3 | €10,679 | €9,064 | -€1,615 | -15.1% |
| Stocks | 30/36 | €10,679 | €9,064 | -€1,615 | -15.1% |
| Goods purchased for resale | 34 | €10,679 | €9,064 | -€1,615 | -15.1% |
| Amounts receivable within one year | 40/41 | €136,740 | €105,389 | -€31,352 | -22.9% |
| Trade receivables | 40 | €75,926 | €23,421 | -€52,506 | -69.2% |
| Other amounts receivable | 41 | €60,814 | €81,968 | +€21,154 | +34.8% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Other investments | 51/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €432,837 | €811,016 | +€378,179 | +87.4% |
| Deferred charges and accrued income | 490/1 | €151,757 | - | -€151,757 | |
| Total equity and liabilities | 10/49 | €2,889,580 | €3,084,664 | +€195,084 | +6.8% |
| Equity | 10/15 | €2,192,060 | €1,710,868 | -€481,191 | -22.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €427,197 | €427,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,702,889 | €1,221,698 | -€481,191 | -28.3% |
| Amounts payable | 17/49 | €697,520 | €1,373,795 | +€676,275 | +97.0% |
| Amounts payable within one year | 42/48 | €560,597 | €1,241,600 | +€681,004 | +121% |
| Trade debts | 44 | €216,775 | €466,010 | +€249,235 | +115% |
| Suppliers | 440/4 | €216,775 | €466,010 | +€249,235 | +115% |
| Taxes, remuneration and social security | 45 | €38,724 | €36,386 | -€2,338 | -6.0% |
| Remuneration and social security | 454/9 | €38,724 | €36,386 | -€2,338 | -6.0% |
| Other amounts payable | 47/48 | €305,097 | €739,204 | +€434,107 | +142% |
| Accrued charges and deferred income | 492/3 | €136,923 | €132,195 | -€4,728 | -3.5% |
| Operating income | 70/76A | €6,437,003 | €5,765,913 | -€671,091 | -10.4% |
| Turnover | 70 | €6,374,267 | €5,353,129 | -€1.0m | -16.0% |
| Other operating income | 74 | €62,036 | €412,784 | +€350,748 | +565% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Operating charges | 60/66A | €5,064,590 | €5,513,345 | +€448,755 | +8.9% |
| Goods for resale, raw materials and consumables | 60 | €164,105 | €142,588 | -€21,517 | -13.1% |
| Purchases | 600/8 | €166,491 | €140,973 | -€25,518 | -15.3% |
| Change in stocks: decrease (increase) | 609 | -€2,386 | €1,615 | +€4,001 | |
| Services and other goods | 61 | €3,475,885 | €3,956,166 | +€480,281 | +13.8% |
| Remuneration, social security and pensions | 62 | €420,590 | €416,551 | -€4,039 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,496 | €429,400 | +€24,904 | +6.2% |
| Other operating charges | 640/8 | €599,514 | €568,333 | -€31,180 | -5.2% |
| Non-recurring operating charges | 66A | - | €307 | +€307 | |
| Operating profit (loss) | 9901 | €1,372,413 | €252,568 | -€1.1m | -81.6% |
| Financial income | 75/76B | €324,319 | €13,185 | -€311,134 | -95.9% |
| Recurring financial income | 75 | €324,319 | €13,185 | -€311,134 | -95.9% |
| Income from current assets | 751 | €13,259 | €3,105 | -€10,155 | -76.6% |
| Other financial income | 752/9 | €311,059 | €10,080 | -€300,979 | -96.8% |
| Financial charges | 65/66B | €67,618 | €63,662 | -€3,956 | -5.9% |
| Recurring financial charges | 65 | €67,618 | €63,662 | -€3,956 | -5.9% |
| Debt charges | 650 | €67,614 | €63,645 | -€3,969 | -5.9% |
| Other financial charges | 652/9 | €4 | €17 | +€13 | +326% |
| Profit (loss) for the period before taxes | 9903 | €1,629,114 | €202,090 | -€1.4m | -87.6% |
| Income taxes | 67/77 | €406,214 | €183,282 | -€222,932 | -54.9% |
| Taxes | 670/3 | €457,131 | €201,673 | -€255,459 | -55.9% |
| Tax adjustments and reversals of tax provisions | 77 | €50,918 | €18,391 | -€32,527 | -63.9% |
| Profit (loss) for the period | 9904 | €1,222,900 | €18,809 | -€1.2m | -98.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €801,900 | €18,809 | -€783,092 | -97.7% |
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 19 October 2026 via checked.be.