Euro Couvert: 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.
Euro Couvert
Largest movements
- Tangible fixed assets -€5,189
down €5,189 (-22.4%), from €23,182 to €17,992
- Cash +€2,068
up €2,068 (+1,048%), from €197 to €2,265
mainly Depreciation (+€5,189) and Receivables within one year (+€1,942)
- Receivables within one year -€1,942
down €1,942 (-71.6%), from €2,712 to €771
of which Trade receivables: -€1,431
- Tax, wage and social debts -€2,544
down €2,544 (-96.4%), from €2,639 to €95
of which Remuneration and social security: -€1,850
- Profit (loss) carried forward -€1,679
down €1,679 (-13.4%), from -€12,499 to -€14,178
- Trade debts -€980
down €980 (-55.0%), from €1,783 to €803
- Depreciation +€2,425
up €2,425 (+87.7%), from €2,765 to €5,189
- Gross operating margin +€2,256
up €2,256 (+77.7%), from €2,903 to €5,159
- Taxes +€425
up €425 (+131%), from €325 to €750
- Other operating charges +€115
up €115 (+20.9%), from €550 to €665
- Financial income -€101
down €101 (-93.0%), from €108 to €8
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.
Derived cash bridge
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 | €26,091 | €21,028 | -€5,063 | -19.4% |
| Fixed assets | 21/28 | €23,182 | €17,992 | -€5,189 | -22.4% |
| Tangible fixed assets | 22/27 | €23,182 | €17,992 | -€5,189 | -22.4% |
| Furniture and vehicles | 24 | €23,182 | €17,992 | -€5,189 | -22.4% |
| Current assets | 29/58 | €2,909 | €3,036 | +€127 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,712 | €771 | -€1,942 | -71.6% |
| Trade receivables | 40 | €1,780 | €349 | -€1,431 | -80.4% |
| Other amounts receivable | 41 | €932 | €422 | -€510 | -54.8% |
| Cash at bank and in hand | 54/58 | €197 | €2,265 | +€2,068 | +1,048% |
| Total equity and liabilities | 10/49 | €26,091 | €21,028 | -€5,063 | -19.4% |
| Equity | 10/15 | €7,093 | €5,414 | -€1,679 | -23.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €999 | €999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €999 | €999 | = | 0.0% |
| Reserves not available under the articles | 1311 | €999 | €999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,499 | -€14,178 | -€1,679 | -13.4% |
| Amounts payable | 17/49 | €18,998 | €15,614 | -€3,384 | -17.8% |
| Amounts payable within one year | 42/48 | €18,998 | €15,614 | -€3,384 | -17.8% |
| Trade debts | 44 | €1,783 | €803 | -€980 | -55.0% |
| Suppliers | 440/4 | €1,783 | €803 | -€980 | -55.0% |
| Taxes, remuneration and social security | 45 | €2,639 | €95 | -€2,544 | -96.4% |
| Taxes | 450/3 | €789 | €95 | -€694 | -88.0% |
| Remuneration and social security | 454/9 | €1,850 | - | -€1,850 | |
| Other amounts payable | 47/48 | €14,577 | €14,717 | +€140 | +1.0% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €5,189 | +€2,425 | +87.7% |
| Other operating charges | 640/8 | €550 | €665 | +€115 | +20.9% |
| Gross operating margin | 9900 | €2,903 | €5,159 | +€2,256 | +77.7% |
| Operating profit (loss) | 9901 | -€412 | -€695 | -€283 | -68.8% |
| Financial income | 75/76B | €108 | €8 | -€101 | -93.0% |
| Recurring financial income | 75 | €108 | €8 | -€101 | -93.0% |
| Financial charges | 65/66B | €189 | €242 | +€53 | +28.0% |
| Recurring financial charges | 65 | €189 | €242 | +€53 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€492 | -€929 | -€437 | -88.7% |
| Income taxes | 67/77 | €325 | €750 | +€425 | +131% |
| Profit (loss) for the period | 9904 | -€817 | -€1,679 | -€861 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€817 | -€1,679 | -€861 | -105% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.