COVIFOOD: 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.
COVIFOOD
Largest movements
- Receivables within one year +€259,826
up €259,826 (+12.0%), from €2.2m to €2.4m
of which Trade receivables: +€183,251
- Trade debts +€195,722
up €195,722 (+13.6%), from €1.4m to €1.6m
- Reserves +€56,478
up €56,478 (+15.7%), from €359,370 to €415,847
of which Distributable reserves: +€56,478
- Taxes +€9,179
up €9,179 (+62.0%), from €14,799 to €23,978
- Gross operating margin +€5,537
up €5,537 (+7.7%), from €72,314 to €77,852
- Write-downs +€814
up €814, from -€711 to €103
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,158,771 | €2,418,597 | +€259,826 | +12.0% |
| Current assets | 29/58 | €2,158,771 | €2,418,597 | +€259,826 | +12.0% |
| Amounts receivable within one year | 40/41 | €2,158,771 | €2,418,597 | +€259,826 | +12.0% |
| Trade receivables | 40 | €661,379 | €844,630 | +€183,251 | +27.7% |
| Other amounts receivable | 41 | €1,497,392 | €1,573,966 | +€76,575 | +5.1% |
| Total equity and liabilities | 10/49 | €2,158,771 | €2,418,597 | +€259,826 | +12.0% |
| Equity | 10/15 | €674,370 | €730,847 | +€56,478 | +8.4% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €359,370 | €415,847 | +€56,478 | +15.7% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Distributable reserves | 133 | €327,870 | €384,347 | +€56,478 | +17.2% |
| Amounts payable | 17/49 | €1,484,401 | €1,687,749 | +€203,348 | +13.7% |
| Amounts payable within one year | 42/48 | €1,484,401 | €1,687,749 | +€203,348 | +13.7% |
| Trade debts | 44 | €1,439,414 | €1,635,137 | +€195,722 | +13.6% |
| Suppliers | 440/4 | €1,439,414 | €1,635,137 | +€195,722 | +13.6% |
| Taxes, remuneration and social security | 45 | - | €638 | +€638 | |
| Taxes | 450/3 | - | €638 | +€638 | |
| Other amounts payable | 47/48 | €44,987 | €51,974 | +€6,988 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€711 | €103 | +€814 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €72,314 | €77,852 | +€5,537 | +7.7% |
| Operating profit (loss) | 9901 | €72,058 | €76,750 | +€4,692 | +6.5% |
| Financial income | 75/76B | €4,312 | €4,847 | +€534 | +12.4% |
| Recurring financial income | 75 | €4,312 | €4,847 | +€534 | +12.4% |
| Financial charges | 65/66B | €1,108 | €1,141 | +€33 | +3.0% |
| Recurring financial charges | 65 | €1,108 | €1,141 | +€33 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €75,262 | €80,456 | +€5,194 | +6.9% |
| Income taxes | 67/77 | €14,799 | €23,978 | +€9,179 | +62.0% |
| Profit (loss) for the period | 9904 | €60,463 | €56,478 | -€3,985 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,463 | €56,478 | -€3,985 | -6.6% |
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 26 October 2026 via checked.be.