COVIMEX: 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.
COVIMEX
Largest movements
- Cash -€247,859
down €247,859 (-77.8%), from €318,485 to €70,626
mainly Net result for the year (-€212,962) and Investment in fixed assets (net) (-€64,752)
- Tangible fixed assets +€55,463
up €55,463 (+286%), from €19,396 to €74,859
- Receivables within one year -€39,990
down €39,990 (-3.7%), from €1.1m to €1.0m
of which Trade receivables: -€33,509
- Profit (loss) carried forward -€212,962
down €212,962 (-26.8%), from -€795,049 to -€1.0m
- Trade debts -€19,300
down €19,300 (-40.1%), from €48,086 to €28,786
- Gross operating margin -€22,099
down €22,099 (-13.4%), from €164,972 to €142,873
- Other operating charges +€17,437
up €17,437 (+249%), from €6,997 to €24,434
- Depreciation -€8,141
down €8,141 (-46.7%), from €17,430 to €9,289
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 | €1,438,518 | €1,207,429 | -€231,089 | -16.1% |
| Fixed assets | 21/28 | €19,396 | €74,859 | +€55,463 | +286% |
| Tangible fixed assets | 22/27 | €19,396 | €74,859 | +€55,463 | +286% |
| Furniture and vehicles | 24 | €19,396 | €74,859 | +€55,463 | +286% |
| Current assets | 29/58 | €1,419,122 | €1,132,570 | -€286,552 | -20.2% |
| Amounts receivable within one year | 40/41 | €1,081,887 | €1,041,897 | -€39,990 | -3.7% |
| Trade receivables | 40 | €65,292 | €31,783 | -€33,509 | -51.3% |
| Other amounts receivable | 41 | €1,016,595 | €1,010,113 | -€6,481 | -0.6% |
| Cash at bank and in hand | 54/58 | €318,485 | €70,626 | -€247,859 | -77.8% |
| Deferred charges and accrued income | 490/1 | €18,750 | €20,048 | +€1,298 | +6.9% |
| Total equity and liabilities | 10/49 | €1,438,518 | €1,207,429 | -€231,089 | -16.1% |
| Equity | 10/15 | €1,357,036 | €1,144,075 | -€212,962 | -15.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,090,586 | €2,090,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,084,388 | €2,084,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€795,049 | -€1,008,011 | -€212,962 | -26.8% |
| Amounts payable | 17/49 | €81,482 | €63,354 | -€18,127 | -22.2% |
| Amounts payable within one year | 42/48 | €80,617 | €61,689 | -€18,928 | -23.5% |
| Trade debts | 44 | €48,086 | €28,786 | -€19,300 | -40.1% |
| Suppliers | 440/4 | €48,086 | €28,786 | -€19,300 | -40.1% |
| Taxes, remuneration and social security | 45 | €32,531 | €32,903 | +€372 | +1.1% |
| Taxes | 450/3 | - | €725 | +€725 | |
| Remuneration and social security | 454/9 | €32,531 | €32,178 | -€353 | -1.1% |
| Accrued charges and deferred income | 492/3 | €865 | €1,665 | +€801 | +92.6% |
| Non-recurring operating income | 76A | €309 | - | -€309 | |
| Remuneration, social security and pensions | 62 | €339,744 | €340,996 | +€1,252 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,430 | €9,289 | -€8,141 | -46.7% |
| Other operating charges | 640/8 | €6,997 | €24,434 | +€17,437 | +249% |
| Non-recurring operating charges | 66A | - | €3,093 | +€3,093 | |
| Gross operating margin | 9900 | €164,972 | €142,873 | -€22,099 | -13.4% |
| Operating profit (loss) | 9901 | -€199,200 | -€234,940 | -€35,740 | -17.9% |
| Financial income | 75/76B | €21,738 | €23,139 | +€1,400 | +6.4% |
| Recurring financial income | 75 | €21,738 | €23,139 | +€1,400 | +6.4% |
| Financial charges | 65/66B | €434 | €540 | +€106 | +24.5% |
| Recurring financial charges | 65 | €434 | €540 | +€106 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€177,895 | -€212,341 | -€34,446 | -19.4% |
| Income taxes | 67/77 | €822 | €620 | -€201 | -24.5% |
| Profit (loss) for the period | 9904 | -€178,717 | -€212,962 | -€34,245 | -19.2% |
| Transfer from tax-exempt reserves | 789 | €193,660 | - | -€193,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,943 | -€212,962 | -€227,905 |
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 13 October 2026 via checked.be.