COVIVA: 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.
COVIVA
Largest movements
- Receivables within one year +€75,266
up €75,266 (+52.0%), from €144,677 to €219,943
of which Other amounts receivable: +€38,274
- Cash -€52,460
down €52,460 (-66.2%), from €79,210 to €26,750
mainly Receivables within one year (-€75,266) and Trade debts (-€5,761)
- Tangible fixed assets +€2,667
new in 2025: €2,667
- Reserves +€28,554
up €28,554 (+85.9%), from €33,239 to €61,793
- Trade debts -€5,761
down €5,761 (-18.1%), from €31,868 to €26,107
- Accrued charges and deferred income +€3,600
new in 2025: €3,600
- Gross operating margin +€33,882
up €33,882 (+519%), from €6,524 to €40,406
- Taxes +€11,326
up €11,326 (+551%), from €2,055 to €13,381
- Financial income +€1,631
up €1,631 (+230%), from €709 to €2,340
- Depreciation -€744
down €744 (-69.1%), from €1,077 to €333
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 | €227,114 | €254,844 | +€27,730 | +12.2% |
| Fixed assets | 21/28 | - | €2,667 | +€2,667 | |
| Tangible fixed assets | 22/27 | - | €2,667 | +€2,667 | |
| Furniture and vehicles | 24 | - | €2,667 | +€2,667 | |
| Current assets | 29/58 | €227,114 | €252,177 | +€25,063 | +11.0% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,677 | €219,943 | +€75,266 | +52.0% |
| Trade receivables | 40 | €130,039 | €167,031 | +€36,992 | +28.4% |
| Other amounts receivable | 41 | €14,638 | €52,912 | +€38,274 | +261% |
| Cash at bank and in hand | 54/58 | €79,210 | €26,750 | -€52,460 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,227 | €3,484 | +€2,257 | +184% |
| Total equity and liabilities | 10/49 | €227,114 | €254,844 | +€27,730 | +12.2% |
| Equity | 10/15 | €193,239 | €221,793 | +€28,554 | +14.8% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €33,239 | €61,793 | +€28,554 | +85.9% |
| Distributable reserves | 133 | €33,239 | €61,793 | +€28,554 | +85.9% |
| Amounts payable | 17/49 | €33,875 | €33,051 | -€824 | -2.4% |
| Amounts payable within one year | 42/48 | €33,875 | €29,451 | -€4,424 | -13.1% |
| Trade debts | 44 | €31,868 | €26,107 | -€5,761 | -18.1% |
| Suppliers | 440/4 | €31,868 | €26,107 | -€5,761 | -18.1% |
| Taxes, remuneration and social security | 45 | €2,007 | €3,344 | +€1,337 | +66.6% |
| Taxes | 450/3 | €2,007 | €3,344 | +€1,337 | +66.6% |
| Accrued charges and deferred income | 492/3 | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €333 | -€744 | -69.1% |
| Other operating charges | 640/8 | €427 | €435 | +€8 | +1.9% |
| Gross operating margin | 9900 | €6,524 | €40,406 | +€33,882 | +519% |
| Operating profit (loss) | 9901 | €5,020 | €39,638 | +€34,618 | +690% |
| Financial income | 75/76B | €709 | €2,340 | +€1,631 | +230% |
| Recurring financial income | 75 | €709 | €2,340 | +€1,631 | +230% |
| Financial charges | 65/66B | €68 | €43 | -€25 | -36.8% |
| Recurring financial charges | 65 | €68 | €43 | -€25 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €5,661 | €41,935 | +€36,274 | +641% |
| Income taxes | 67/77 | €2,055 | €13,381 | +€11,326 | +551% |
| Profit (loss) for the period | 9904 | €3,606 | €28,554 | +€24,948 | +692% |
| Profit (loss) for the period to be appropriated | 9905 | €3,606 | €28,554 | +€24,948 | +692% |
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 20 October 2026 via checked.be.