COVORIM: 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.
COVORIM
Largest movements
- Cash +€357
up €357 (+81.9%), from €436 to €793
mainly Other debts (+€3,621) and Investment in fixed assets (net) (+€60)
- Other debts +€3,621
up €3,621 (+17.0%), from €21,318 to €24,939
- Profit (loss) carried forward -€2,224
down €2,224 (-8.3%), from -€26,744 to -€28,968
- Trade debts -€1,100
down €1,100 (-100%), from €1,100 to €0
- Gross operating margin +€1,462
up €1,462 (+42.1%), from -€3,469 to -€2,007
- Other operating charges -€384
down €384 (-100%), from €384 to €0
- Financial charges +€111
up €111 (+104%), from €107 to €217
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,134 | €16,431 | +€297 | +1.8% |
| Fixed assets | 21/28 | €15,698 | €15,638 | -€60 | -0.4% |
| Tangible fixed assets | 22/27 | €15,638 | €15,638 | = | 0.0% |
| Land and buildings | 22 | €15,638 | €15,638 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €436 | €793 | +€357 | +81.9% |
| Cash at bank and in hand | 54/58 | €436 | €793 | +€357 | +81.9% |
| Total equity and liabilities | 10/49 | €16,134 | €16,431 | +€297 | +1.8% |
| Equity | 10/15 | -€6,284 | -€8,508 | -€2,224 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,744 | -€28,968 | -€2,224 | -8.3% |
| Amounts payable | 17/49 | €22,418 | €24,939 | +€2,521 | +11.2% |
| Amounts payable within one year | 42/48 | €22,418 | €24,939 | +€2,521 | +11.2% |
| Trade debts | 44 | €1,100 | €0 | -€1,100 | -100% |
| Suppliers | 440/4 | €1,100 | €0 | -€1,100 | -100% |
| Other amounts payable | 47/48 | €21,318 | €24,939 | +€3,621 | +17.0% |
| Other operating charges | 640/8 | €384 | €0 | -€384 | -100% |
| Gross operating margin | 9900 | -€3,469 | -€2,007 | +€1,462 | +42.1% |
| Operating profit (loss) | 9901 | -€3,853 | -€2,007 | +€1,846 | +47.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +73.3% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +73.3% |
| Financial charges | 65/66B | €107 | €217 | +€111 | +104% |
| Recurring financial charges | 65 | €107 | €217 | +€111 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€3,959 | -€2,224 | +€1,736 | +43.8% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +77.8% |
| Profit (loss) for the period | 9904 | -€3,960 | -€2,224 | +€1,736 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,960 | -€2,224 | +€1,736 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.