COVS: 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.
COVS
Largest movements
- Tangible fixed assets +€39,917
up €39,917 (+81730.8%), from €49 to €39,966
- Receivables within one year +€3,071
up €3,071 (+14.1%), from €21,819 to €24,890
of which Trade receivables: +€7,725
- Debts after one year +€28,492
new in 2025: €28,492
- Short-term financial debts +€8,076
up €8,076 (+201.9%), from €4,000 to €12,076
- Reserves +€7,052
new in 2025: €7,052
- Profit (loss) carried forward -€5,390
no longer reported in 2025 (was €5,390)
- Tax, wage and social debts +€4,978
up €4,978 (+48.4%), from €10,275 to €15,253
of which Taxes: +€4,488
- Staff costs +€9,148
up €9,148 (+11.1%), from €82,058 to €91,207
- Gross operating margin +€8,891
up €8,891 (+9.7%), from €91,442 to €100,332
- Depreciation +€3,468
up €3,468 (+1463.8%), from €237 to €3,705
- Taxes -€1,008
down €1,008 (-37.2%), from €2,708 to €1,701
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 | €26,148 | €69,994 | +€43,846 | +167.7% |
| Fixed assets | 21/28 | €576 | €40,493 | +€39,917 | +6930.3% |
| Tangible fixed assets | 22/27 | €49 | €39,966 | +€39,917 | +81730.8% |
| Furniture and vehicles | 24 | €49 | €39,966 | +€39,917 | +81730.8% |
| Financial fixed assets | 28 | €527 | €527 | = | 0.0% |
| Current assets | 29/58 | €25,572 | €29,501 | +€3,929 | +15.4% |
| Amounts receivable within one year | 40/41 | €21,819 | €24,890 | +€3,071 | +14.1% |
| Trade receivables | 40 | €9,538 | €17,263 | +€7,725 | +81.0% |
| Other amounts receivable | 41 | €12,281 | €7,627 | -€4,654 | -37.9% |
| Cash at bank and in hand | 54/58 | €3,321 | €3,775 | +€454 | +13.7% |
| Deferred charges and accrued income | 490/1 | €432 | €836 | +€404 | +93.4% |
| Total equity and liabilities | 10/49 | €26,148 | €69,994 | +€43,846 | +167.7% |
| Equity | 10/15 | €7,890 | €9,552 | +€1,662 | +21.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €7,052 | +€7,052 | |
| Distributable reserves | 133 | - | €7,052 | +€7,052 | |
| Profit (loss) carried forward | 14 | €5,390 | - | -€5,390 | |
| Amounts payable | 17/49 | €18,259 | €60,442 | +€42,184 | +231.0% |
| Amounts payable after more than one year | 17 | - | €28,492 | +€28,492 | |
| Financial debts | 170/4 | - | €28,492 | +€28,492 | |
| Amounts payable within one year | 42/48 | €18,259 | €31,915 | +€13,656 | +74.8% |
| Financial debts | 43 | €4,000 | €12,076 | +€8,076 | +201.9% |
| Credit institutions | 430/8 | €4,000 | €12,076 | +€8,076 | +201.9% |
| Trade debts | 44 | €3,983 | €4,585 | +€602 | +15.1% |
| Suppliers | 440/4 | €3,983 | €4,585 | +€602 | +15.1% |
| Taxes, remuneration and social security | 45 | €10,275 | €15,253 | +€4,978 | +48.4% |
| Taxes | 450/3 | €3,051 | €7,539 | +€4,488 | +147.1% |
| Remuneration and social security | 454/9 | €7,224 | €7,714 | +€490 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Non-recurring operating income | 76A | €5,517 | - | -€5,517 | |
| Remuneration, social security and pensions | 62 | €82,058 | €91,207 | +€9,148 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €3,705 | +€3,468 | +1463.8% |
| Other operating charges | 640/8 | €662 | €960 | +€298 | +45.1% |
| Gross operating margin | 9900 | €91,442 | €100,332 | +€8,891 | +9.7% |
| Operating profit (loss) | 9901 | €8,485 | €4,461 | -€4,024 | -47.4% |
| Financial income | 75/76B | €23 | €307 | +€285 | +1257.8% |
| Recurring financial income | 75 | €23 | €307 | +€285 | +1257.8% |
| Financial charges | 65/66B | €821 | €1,405 | +€584 | +71.2% |
| Recurring financial charges | 65 | €821 | €1,405 | +€584 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €7,687 | €3,363 | -€4,323 | -56.2% |
| Income taxes | 67/77 | €2,708 | €1,701 | -€1,008 | -37.2% |
| Profit (loss) for the period | 9904 | €4,978 | €1,662 | -€3,316 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,978 | €1,662 | -€3,316 | -66.6% |
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.