KOVAIA: 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.
KOVAIA
Largest movements
- Cash +€24,432
up €24,432 (+352.4%), from €6,933 to €31,365
mainly Net result for the year (+€35,828) and Tax, wage and social debts (+€11,988)
- Stocks and contracts -€9,119
down €9,119 (-17.1%), from €53,194 to €44,075
- Tangible fixed assets -€7,351
down €7,351 (-32.1%), from €22,906 to €15,555
of which Plant, machinery and equipment: -€5,621
- Deferred charges and accrued income +€5,039
up €5,039 (+64.8%), from €7,774 to €12,812
- Receivables within one year -€1,222
down €1,222 (-42.2%), from €2,892 to €1,671
of which Trade receivables: -€1,045
- Other debts -€44,626
down €44,626 (-94.0%), from €47,488 to €2,862
- Profit (loss) carried forward +€35,828
up €35,828 (+316.4%), from €11,323 to €47,150
- Tax, wage and social debts +€11,988
up €11,988 (+223.3%), from €5,369 to €17,357
of which Taxes: +€6,232
- Trade debts +€8,463
up €8,463 (+74.8%), from €11,315 to €19,778
- Gross operating margin +€43,126
up €43,126 (+92.2%), from €46,786 to €89,912
- Depreciation -€11,099
down €11,099 (-60.2%), from €18,450 to €7,351
- Taxes +€5,435
new in 2025: €5,435
- Staff costs -€3,246
down €3,246 (-7.4%), from €43,987 to €40,741
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 | €94,300 | €106,079 | +€11,779 | +12.5% |
| Fixed assets | 21/28 | €23,507 | €16,157 | -€7,351 | -31.3% |
| Tangible fixed assets | 22/27 | €22,906 | €15,555 | -€7,351 | -32.1% |
| Plant, machinery and equipment | 23 | €20,830 | €15,209 | -€5,621 | -27.0% |
| Furniture and vehicles | 24 | €2,076 | €346 | -€1,730 | -83.3% |
| Financial fixed assets | 28 | €602 | €602 | = | 0.0% |
| Current assets | 29/58 | €70,793 | €89,923 | +€19,129 | +27.0% |
| Stocks and contracts in progress | 3 | €53,194 | €44,075 | -€9,119 | -17.1% |
| Stocks | 30/36 | €53,194 | €44,075 | -€9,119 | -17.1% |
| Amounts receivable within one year | 40/41 | €2,892 | €1,671 | -€1,222 | -42.2% |
| Trade receivables | 40 | €2,566 | €1,521 | -€1,045 | -40.7% |
| Other amounts receivable | 41 | €326 | €150 | -€177 | -54.1% |
| Cash at bank and in hand | 54/58 | €6,933 | €31,365 | +€24,432 | +352.4% |
| Deferred charges and accrued income | 490/1 | €7,774 | €12,812 | +€5,039 | +64.8% |
| Total equity and liabilities | 10/49 | €94,300 | €106,079 | +€11,779 | +12.5% |
| Equity | 10/15 | €30,129 | €65,956 | +€35,828 | +118.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206 | €206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €206 | €206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €206 | €206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,323 | €47,150 | +€35,828 | +316.4% |
| Amounts payable | 17/49 | €64,172 | €40,123 | -€24,049 | -37.5% |
| Amounts payable within one year | 42/48 | €64,172 | €40,123 | -€24,049 | -37.5% |
| Trade debts | 44 | €11,315 | €19,778 | +€8,463 | +74.8% |
| Suppliers | 440/4 | €11,315 | €19,778 | +€8,463 | +74.8% |
| Advances received on contracts in progress | 46 | - | €126 | +€126 | |
| Taxes, remuneration and social security | 45 | €5,369 | €17,357 | +€11,988 | +223.3% |
| Taxes | 450/3 | €2,316 | €8,548 | +€6,232 | +269.1% |
| Remuneration and social security | 454/9 | €3,053 | €8,809 | +€5,757 | +188.6% |
| Other amounts payable | 47/48 | €47,488 | €2,862 | -€44,626 | -94.0% |
| Remuneration, social security and pensions | 62 | €43,987 | €40,741 | -€3,246 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,450 | €7,351 | -€11,099 | -60.2% |
| Other operating charges | 640/8 | - | €184 | +€184 | |
| Gross operating margin | 9900 | €46,786 | €89,912 | +€43,126 | +92.2% |
| Operating profit (loss) | 9901 | -€15,651 | €41,636 | +€57,287 | |
| Financial income | 75/76B | €381 | €400 | +€18 | +4.8% |
| Recurring financial income | 75 | €381 | €400 | +€18 | +4.8% |
| Financial charges | 65/66B | €779 | €773 | -€6 | -0.8% |
| Recurring financial charges | 65 | €779 | €773 | -€6 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,049 | €41,262 | +€57,311 | |
| Income taxes | 67/77 | - | €5,435 | +€5,435 | |
| Profit (loss) for the period | 9904 | -€16,049 | €35,828 | +€51,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,049 | €35,828 | +€51,876 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.