COVYN ELECTRONICS: 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.
COVYN ELECTRONICS
Largest movements
- Receivables within one year -€4,322
down €4,322 (-78.3%), from €5,518 to €1,196
of which Trade receivables: -€4,292
- Cash -€322
down €322 (-89.1%), from €361 to €39
mainly Contributions, distributions and other (-€2,137) and Net result for the year (-€1,646)
- Financial fixed assets -€248
down €248 (-100.0%), from €248 to €0
- Equity -€3,783
down €3,783 (-14.3%), from -€26,360 to -€30,143
of which Contributions: -€18,592
- Debts within one year -€1,107
down €1,107 (-8.0%), from €13,893 to €12,786
of which Other debts: -€5,346
- Gross operating margin +€8,669
up €8,669 (+91.2%), from -€9,509 to -€840
- Financial charges -€1,353
no longer reported in 2020 (was €1,353)
- Other operating charges -€348
no longer reported in 2020 (was €348)
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,126 | €1,236 | -€4,890 | -79.8% |
| Fixed assets | 21/28 | €248 | €0 | -€248 | -100.0% |
| Financial fixed assets | 28 | €248 | €0 | -€248 | -100.0% |
| Current assets | 29/58 | €5,879 | €1,236 | -€4,643 | -79.0% |
| Amounts receivable within one year | 40/41 | €5,518 | €1,196 | -€4,322 | -78.3% |
| Trade receivables | 40 | €4,292 | - | -€4,292 | |
| Other amounts receivable | 41 | €1,225 | - | -€1,225 | |
| Cash at bank and in hand | 54/58 | €361 | €39 | -€322 | -89.1% |
| Total equity and liabilities | 10/49 | €6,126 | €1,236 | -€4,890 | -79.8% |
| Equity | 10/15 | -€26,360 | -€30,143 | -€3,783 | -14.3% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €3,996 | €1,859 | -€2,137 | -53.5% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €2,137 | - | -€2,137 | |
| Profit (loss) carried forward | 14 | -€48,948 | -€50,594 | -€1,646 | -3.4% |
| Amounts payable | 17/49 | €32,485 | €31,378 | -€1,107 | -3.4% |
| Amounts payable after more than one year | 17 | €18,592 | €18,592 | +€0 | 0.0% |
| Financial debts | 170/4 | €18,592 | - | -€18,592 | |
| Amounts payable within one year | 42/48 | €13,893 | €12,786 | -€1,107 | -8.0% |
| Trade debts | 44 | €8,009 | €8,560 | +€551 | +6.9% |
| Suppliers | 440/4 | €8,009 | - | -€8,009 | |
| Taxes, remuneration and social security | 45 | €538 | - | -€538 | |
| Taxes | 450/3 | €538 | - | -€538 | |
| Other amounts payable | 47/48 | €5,346 | - | -€5,346 | |
| Other operating charges | 640/8 | €348 | - | -€348 | |
| Gross operating margin | 9900 | -€9,509 | -€840 | +€8,669 | +91.2% |
| Operating profit (loss) | 9901 | -€9,857 | -€840 | +€9,017 | +91.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,353 | - | -€1,353 | |
| Recurring financial charges | 65 | €1,353 | €351 | -€1,002 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,210 | -€1,191 | +€10,019 | +89.4% |
| Income taxes | 67/77 | €538 | €455 | -€83 | -15.5% |
| Profit (loss) for the period | 9904 | -€11,748 | -€1,646 | +€10,102 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,748 | -€1,646 | +€10,102 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.