KOVADIS Consulting: 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.
KOVADIS Consulting
Largest movements
- Receivables within one year +€18,033
up €18,033 (+87.7%), from €20,570 to €38,603
of which Other amounts receivable: +€9,736
- Cash +€10,675
up €10,675 (+42.2%), from €25,280 to €35,955
mainly Net result for the year (+€22,318) and Tax, wage and social debts (+€7,457)
- Profit (loss) carried forward +€22,318
up €22,318 (+108%), from €20,637 to €42,955
- Tax, wage and social debts +€7,457
up €7,457 (+66.3%), from €11,246 to €18,703
of which Taxes: +€5,272
- Gross operating margin +€7,962
up €7,962 (+30.7%), from €25,946 to €33,908
- Financial charges +€4,606
up €4,606 (+122,816%), from €4 to €4,609
- Taxes +€1,151
up €1,151 (+21.8%), from €5,278 to €6,429
- Depreciation +€591
up €591 (+2,145%), from €28 to €619
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 | €47,606 | €77,496 | +€29,890 | +62.8% |
| Fixed assets | 21/28 | €1,319 | €1,943 | +€624 | +47.3% |
| Tangible fixed assets | 22/27 | €1,319 | €1,943 | +€624 | +47.3% |
| Furniture and vehicles | 24 | €1,319 | €1,943 | +€624 | +47.3% |
| Current assets | 29/58 | €46,287 | €75,554 | +€29,266 | +63.2% |
| Amounts receivable within one year | 40/41 | €20,570 | €38,603 | +€18,033 | +87.7% |
| Trade receivables | 40 | €20,570 | €28,866 | +€8,296 | +40.3% |
| Other amounts receivable | 41 | €0 | €9,736 | +€9,736 | |
| Cash at bank and in hand | 54/58 | €25,280 | €35,955 | +€10,675 | +42.2% |
| Deferred charges and accrued income | 490/1 | €437 | €996 | +€559 | +128% |
| Total equity and liabilities | 10/49 | €47,606 | €77,496 | +€29,890 | +62.8% |
| Equity | 10/15 | €35,637 | €57,955 | +€22,318 | +62.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,637 | €42,955 | +€22,318 | +108% |
| Amounts payable | 17/49 | €11,969 | €19,542 | +€7,572 | +63.3% |
| Amounts payable within one year | 42/48 | €11,969 | €19,542 | +€7,572 | +63.3% |
| Trade debts | 44 | €723 | €839 | +€116 | +16.0% |
| Suppliers | 440/4 | €723 | €839 | +€116 | +16.0% |
| Taxes, remuneration and social security | 45 | €11,246 | €18,703 | +€7,457 | +66.3% |
| Taxes | 450/3 | €11,168 | €16,440 | +€5,272 | +47.2% |
| Remuneration and social security | 454/9 | €78 | €2,263 | +€2,185 | +2,794% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €619 | +€591 | +2,145% |
| Gross operating margin | 9900 | €25,946 | €33,908 | +€7,962 | +30.7% |
| Operating profit (loss) | 9901 | €25,918 | €33,289 | +€7,371 | +28.4% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €4 | €4,609 | +€4,606 | +122,816% |
| Recurring financial charges | 65 | €4 | €4,609 | +€4,606 | +122,816% |
| Profit (loss) for the period before taxes | 9903 | €25,915 | €28,747 | +€2,832 | +10.9% |
| Income taxes | 67/77 | €5,278 | €6,429 | +€1,151 | +21.8% |
| Profit (loss) for the period | 9904 | €20,637 | €22,318 | +€1,681 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,637 | €22,318 | +€1,681 | +8.1% |
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 19 October 2026 via checked.be.