COVIZO: what changed
Two fiscal 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.
COVIZO
Largest movements
- Tangible fixed assets -€10,000
down €10,000 (-22.2%), from €45,078 to €35,077
- Cash -€1,156
down €1,156 (-13.5%), from €8,573 to €7,417
mainly Other debts (-€13,267) and Debts after one year (-€5,936)
- Other debts -€13,267
down €13,267 (-37.8%), from €35,134 to €21,867
- Profit (loss) carried forward +€7,258
up €7,258 (+27.9%), from -€26,049 to -€18,791
- Debts after one year -€5,936
down €5,936 (-30.5%), from €19,476 to €13,540
- Trade debts +€706
up €706 (+317.5%), from €222 to €929
- Gross operating margin -€4,142
down €4,142 (-16.9%), from €24,515 to €20,372
- Depreciation +€1,259
up €1,259 (+12.8%), from €9,871 to €11,130
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.
Cash bridge derived
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 | €56,414 | €45,274 | -€11,140 | -19.7% |
| Fixed assets | 21/28 | €45,078 | €35,077 | -€10,000 | -22.2% |
| Tangible fixed assets | 22/27 | €45,078 | €35,077 | -€10,000 | -22.2% |
| Furniture and vehicles | 24 | €45,078 | €35,077 | -€10,000 | -22.2% |
| Current assets | 29/58 | €11,336 | €10,197 | -€1,139 | -10.0% |
| Amounts receivable within one year | 40/41 | €1,666 | €1,666 | = | 0.0% |
| Trade receivables | 40 | €1,666 | €1,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,573 | €7,417 | -€1,156 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,098 | €1,115 | +€17 | +1.5% |
| Total equity and liabilities | 10/49 | €56,414 | €45,274 | -€11,140 | -19.7% |
| Equity | 10/15 | -€7,449 | -€191 | +€7,258 | +97.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,049 | -€18,791 | +€7,258 | +27.9% |
| Amounts payable | 17/49 | €63,863 | €45,465 | -€18,398 | -28.8% |
| Amounts payable after more than one year | 17 | €19,476 | €13,540 | -€5,936 | -30.5% |
| Financial debts | 170/4 | €19,476 | €13,540 | -€5,936 | -30.5% |
| Amounts payable within one year | 42/48 | €44,387 | €31,925 | -€12,462 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €5,631 | €5,936 | +€305 | +5.4% |
| Trade debts | 44 | €222 | €929 | +€706 | +317.5% |
| Suppliers | 440/4 | €222 | €929 | +€706 | +317.5% |
| Taxes, remuneration and social security | 45 | €3,400 | €3,193 | -€206 | -6.1% |
| Taxes | 450/3 | €3,400 | €3,193 | -€206 | -6.1% |
| Other amounts payable | 47/48 | €35,134 | €21,867 | -€13,267 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,871 | €11,130 | +€1,259 | +12.8% |
| Other operating charges | 640/8 | €604 | €634 | +€29 | +4.8% |
| Gross operating margin | 9900 | €24,515 | €20,372 | -€4,142 | -16.9% |
| Operating profit (loss) | 9901 | €14,039 | €8,608 | -€5,431 | -38.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,576 | €1,350 | -€225 | -14.3% |
| Recurring financial charges | 65 | €1,576 | €1,350 | -€225 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €12,464 | €7,258 | -€5,205 | -41.8% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | €12,460 | €7,258 | -€5,201 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,460 | €7,258 | -€5,201 | -41.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.