COVIMMO: 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.
COVIMMO
Largest movements
- Tangible fixed assets +€375,282
up €375,282 (+14.6%), from €2.6m to €2.9m
- Cash +€31,850
new in 2025: €31,850
mainly Other debts (+€180,000) and Debts after one year (+€160,180)
- Other debts +€180,000
up €180,000 (+66.6%), from €270,300 to €450,300
- Debts after one year +€160,180
up €160,180 (+10.2%), from €1.6m to €1.7m
- Profit (loss) carried forward +€56,441
up €56,441 (+155%), from €36,452 to €92,893
- Current portion of long-term debt +€32,655
up €32,655 (+20.7%), from €157,792 to €190,448
- Tax, wage and social debts -€31,792
down €31,792 (-70.8%), from €44,878 to €13,086
- Depreciation +€9,655
up €9,655 (+10.4%), from €92,406 to €102,060
- Financial charges +€6,974
up €6,974 (+15.9%), from €43,841 to €50,816
- Taxes +€6,449
up €6,449 (+51.7%), from €12,471 to €18,921
- Gross operating margin -€6,003
down €6,003 (-2.5%), from €236,959 to €230,957
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 | €2,579,024 | €2,978,270 | +€399,246 | +15.5% |
| Fixed assets | 21/28 | €2,564,978 | €2,940,261 | +€375,282 | +14.6% |
| Tangible fixed assets | 22/27 | €2,564,978 | €2,940,261 | +€375,282 | +14.6% |
| Land and buildings | 22 | €2,564,978 | €2,940,261 | +€375,282 | +14.6% |
| Current assets | 29/58 | €14,046 | €38,010 | +€23,964 | +171% |
| Amounts receivable within one year | 40/41 | €1,453 | €6,159 | +€4,706 | +324% |
| Trade receivables | 40 | €924 | - | -€924 | |
| Other amounts receivable | 41 | €529 | €6,159 | +€5,631 | +1,065% |
| Current investments | 50/53 | €12,593 | - | -€12,593 | |
| Cash at bank and in hand | 54/58 | - | €31,850 | +€31,850 | |
| Total equity and liabilities | 10/49 | €2,579,024 | €2,978,270 | +€399,246 | +15.5% |
| Equity | 10/15 | €532,002 | €588,443 | +€56,441 | +10.6% |
| Contributions | 10/11 | €46,215 | €46,215 | = | 0.0% |
| Reserves | 13 | €449,334 | €449,334 | = | 0.0% |
| Distributable reserves | 133 | €449,334 | €449,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,452 | €92,893 | +€56,441 | +155% |
| Amounts payable | 17/49 | €2,047,023 | €2,389,827 | +€342,805 | +16.7% |
| Amounts payable after more than one year | 17 | €1,574,053 | €1,734,233 | +€160,180 | +10.2% |
| Financial debts | 170/4 | €1,574,053 | €1,734,233 | +€160,180 | +10.2% |
| Amounts payable within one year | 42/48 | €472,970 | €655,595 | +€182,625 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €157,792 | €190,448 | +€32,655 | +20.7% |
| Trade debts | 44 | - | €1,761 | +€1,761 | |
| Suppliers | 440/4 | - | €1,761 | +€1,761 | |
| Taxes, remuneration and social security | 45 | €44,878 | €13,086 | -€31,792 | -70.8% |
| Taxes | 450/3 | €44,878 | €13,086 | -€31,792 | -70.8% |
| Other amounts payable | 47/48 | €270,300 | €450,300 | +€180,000 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,406 | €102,060 | +€9,655 | +10.4% |
| Other operating charges | 640/8 | €2,721 | €2,718 | -€3 | -0.1% |
| Gross operating margin | 9900 | €236,959 | €230,957 | -€6,003 | -2.5% |
| Operating profit (loss) | 9901 | €141,833 | €126,178 | -€15,655 | -11.0% |
| Financial charges | 65/66B | €43,841 | €50,816 | +€6,974 | +15.9% |
| Recurring financial charges | 65 | €43,841 | €50,816 | +€6,974 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €97,991 | €75,362 | -€22,629 | -23.1% |
| Income taxes | 67/77 | €12,471 | €18,921 | +€6,449 | +51.7% |
| Profit (loss) for the period | 9904 | €85,520 | €56,441 | -€29,078 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,520 | €56,441 | -€29,078 | -34.0% |
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 16 October 2026 via checked.be.