COVRISK: 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.
COVRISK
Largest movements
- Tangible fixed assets -€7,226
down €7,226 (-23.6%), from €30,631 to €23,405
of which Plant, machinery and equipment: -€6,193
- Cash -€587
down €587 (-22.7%), from €2,589 to €2,002
mainly Net result for the year (-€8,192) and Trade debts (-€675)
- Deferred charges and accrued income -€490
no longer reported in 2025 (was €490)
- Profit (loss) carried forward -€8,192
down €8,192, from €1,929 to -€6,263
- Trade debts -€675
down €675 (-82.5%), from €818 to €143
- Other debts +€491
up €491 (+11.5%), from €4,269 to €4,760
- Gross operating margin +€8,206
up €8,206 (+95.4%), from -€8,604 to -€398
- Depreciation -€650
down €650 (-8.3%), from €7,876 to €7,226
- Other operating charges +€400
new in 2025: €400
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 | €33,710 | €25,407 | -€8,303 | -24.6% |
| Fixed assets | 21/28 | €30,631 | €23,405 | -€7,226 | -23.6% |
| Tangible fixed assets | 22/27 | €30,631 | €23,405 | -€7,226 | -23.6% |
| Plant, machinery and equipment | 23 | €29,108 | €22,915 | -€6,193 | -21.3% |
| Leasing and similar rights | 25 | €1,523 | €490 | -€1,033 | -67.8% |
| Current assets | 29/58 | €3,079 | €2,002 | -€1,077 | -35.0% |
| Cash at bank and in hand | 54/58 | €2,589 | €2,002 | -€587 | -22.7% |
| Deferred charges and accrued income | 490/1 | €490 | - | -€490 | |
| Total equity and liabilities | 10/49 | €33,710 | €25,407 | -€8,303 | -24.6% |
| Equity | 10/15 | €28,347 | €20,155 | -€8,192 | -28.9% |
| Contributions | 10/11 | €6,418 | €6,418 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,929 | -€6,263 | -€8,192 | |
| Amounts payable | 17/49 | €5,363 | €5,252 | -€111 | -2.1% |
| Amounts payable within one year | 42/48 | €5,363 | €5,252 | -€111 | -2.1% |
| Trade debts | 44 | €818 | €143 | -€675 | -82.5% |
| Suppliers | 440/4 | €818 | €143 | -€675 | -82.5% |
| Taxes, remuneration and social security | 45 | €276 | €349 | +€73 | +26.4% |
| Taxes | 450/3 | €276 | €349 | +€73 | +26.4% |
| Other amounts payable | 47/48 | €4,269 | €4,760 | +€491 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,876 | €7,226 | -€650 | -8.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€8,604 | -€398 | +€8,206 | +95.4% |
| Operating profit (loss) | 9901 | -€16,480 | -€8,024 | +€8,456 | +51.3% |
| Financial charges | 65/66B | €165 | €168 | +€3 | +1.8% |
| Recurring financial charges | 65 | €165 | €168 | +€3 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,645 | -€8,192 | +€8,453 | +50.8% |
| Income taxes | 67/77 | -€49 | - | +€49 | |
| Profit (loss) for the period | 9904 | -€16,596 | -€8,192 | +€8,404 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,596 | -€8,192 | +€8,404 | +50.6% |
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.