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
- Current investments +€900,000
new in 2025: €900,000
- Cash +€220,966
up €220,966 (+304%), from €72,764 to €293,729
mainly Contributions, distributions and other (+€1.8m) and Other debts (+€428,690)
- Contributions +€1.8m
up €1.8m (+81.8%), from €2.2m to €4.0m
- Short-term financial debts -€880,000
down €880,000 (-100%), from €880,000 to €0
- Other debts +€428,690
up €428,690 (+213%), from €201,310 to €630,000
- Profit (loss) carried forward -€153,845
down €153,845 (-37.2%), from -€413,144 to -€566,990
- Debts after one year -€96,086
down €96,086 (-100%), from €96,086 to €0
- Other operating charges -€31,748
down €31,748 (-32.3%), from €98,413 to €66,665
- Financial charges -€26,150
down €26,150 (-49.3%), from €53,062 to €26,912
- Depreciation +€21,790
up €21,790 (+26.4%), from €82,671 to €104,461
- Gross operating margin +€18,851
up €18,851 (+74.9%), from €25,154 to €44,005
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 | €3,011,130 | €4,153,784 | +€1.1m | +37.9% |
| Fixed assets | 21/28 | €2,930,061 | €2,951,840 | +€21,780 | +0.7% |
| Tangible fixed assets | 22/27 | €2,930,061 | €2,951,840 | +€21,780 | +0.7% |
| Land and buildings | 22 | €2,828,715 | €2,741,543 | -€87,173 | -3.1% |
| Plant, machinery and equipment | 23 | €61,845 | €0 | -€61,845 | -100% |
| Assets under construction and advance payments | 27 | €39,500 | €210,298 | +€170,798 | +432% |
| Current assets | 29/58 | €81,069 | €1,201,943 | +€1.1m | +1,383% |
| Amounts receivable within one year | 40/41 | €3,820 | €3,390 | -€430 | -11.3% |
| Trade receivables | 40 | €3,820 | €3,390 | -€430 | -11.3% |
| Current investments | 50/53 | - | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €72,764 | €293,729 | +€220,966 | +304% |
| Deferred charges and accrued income | 490/1 | €4,485 | €4,824 | +€339 | +7.6% |
| Total equity and liabilities | 10/49 | €3,011,130 | €4,153,784 | +€1.1m | +37.9% |
| Equity | 10/15 | €1,786,856 | €3,433,010 | +€1.6m | +92.1% |
| Contributions | 10/11 | €2,200,000 | €4,000,000 | +€1.8m | +81.8% |
| Capital | 10 | €2,200,000 | €4,000,000 | +€1.8m | +81.8% |
| Issued capital | 100 | €2,200,000 | €4,000,000 | +€1.8m | +81.8% |
| Profit (loss) carried forward | 14 | -€413,144 | -€566,990 | -€153,845 | -37.2% |
| Amounts payable | 17/49 | €1,224,274 | €720,773 | -€503,501 | -41.1% |
| Amounts payable after more than one year | 17 | €96,086 | €0 | -€96,086 | -100% |
| Financial debts | 170/4 | €96,086 | €0 | -€96,086 | -100% |
| Amounts payable within one year | 42/48 | €1,100,101 | €720,773 | -€379,328 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €16,781 | €0 | -€16,781 | -100% |
| Financial debts | 43 | €880,000 | €0 | -€880,000 | -100% |
| Credit institutions | 430/8 | €880,000 | €0 | -€880,000 | -100% |
| Trade debts | 44 | €2,010 | €90,773 | +€88,763 | +4,416% |
| Suppliers | 440/4 | €2,010 | €90,773 | +€88,763 | +4,416% |
| Other amounts payable | 47/48 | €201,310 | €630,000 | +€428,690 | +213% |
| Accrued charges and deferred income | 492/3 | €28,087 | €0 | -€28,087 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,671 | €104,461 | +€21,790 | +26.4% |
| Other operating charges | 640/8 | €98,413 | €66,665 | -€31,748 | -32.3% |
| Gross operating margin | 9900 | €25,154 | €44,005 | +€18,851 | +74.9% |
| Operating profit (loss) | 9901 | -€155,929 | -€127,120 | +€28,809 | +18.5% |
| Financial income | 75/76B | €0 | €186 | +€186 | |
| Recurring financial income | 75 | €0 | €186 | +€186 | |
| Financial charges | 65/66B | €53,062 | €26,912 | -€26,150 | -49.3% |
| Recurring financial charges | 65 | €53,062 | €26,912 | -€26,150 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€208,991 | -€153,845 | +€55,146 | +26.4% |
| Profit (loss) for the period | 9904 | -€208,991 | -€153,845 | +€55,146 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€208,991 | -€153,845 | +€55,146 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.