Kovalam: 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.
Kovalam
Largest movements
- Receivables within one year -€505,719
down €505,719 (-82.3%), from €614,683 to €108,964
of which Other amounts receivable: -€414,623
- Stocks and contracts +€244,910
up €244,910 (+15.4%), from €1.6m to €1.8m
- Tangible fixed assets +€30,548
up €30,548 (+4437.7%), from €688 to €31,237
- Trade debts -€166,198
down €166,198 (-98.7%), from €168,464 to €2,266
- Other debts +€159,275
up €159,275 (+7.4%), from €2.1m to €2.3m
- Profit (loss) carried forward -€143,742
down €143,742 (-28.9%), from -€497,222 to -€640,964
- Debts after one year -€133,032
down €133,032 (-46.2%), from €288,000 to €154,968
- Other operating charges +€10,494
up €10,494 (+182.5%), from €5,749 to €16,242
- Gross operating margin +€4,788
up €4,788 (+15.1%), from -€31,629 to -€26,841
- Financial charges -€4,559
down €4,559 (-57.7%), from €7,899 to €3,341
- Staff costs -€3,936
down €3,936 (-9.3%), from €42,515 to €38,579
- Depreciation +€2,278
up €2,278 (+40.7%), from €5,602 to €7,880
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,230,155 | €1,981,327 | -€248,828 | -11.2% |
| Fixed assets | 21/28 | €7,452 | €31,834 | +€24,381 | +327.2% |
| Tangible fixed assets | 22/27 | €688 | €31,237 | +€30,548 | +4437.7% |
| Furniture and vehicles | 24 | €688 | €31,237 | +€30,548 | +4437.7% |
| Financial fixed assets | 28 | €6,764 | €597 | -€6,167 | -91.2% |
| Current assets | 29/58 | €2,222,703 | €1,949,493 | -€273,210 | -12.3% |
| Stocks and contracts in progress | 3 | €1,594,223 | €1,839,133 | +€244,910 | +15.4% |
| Stocks | 30/36 | €1,594,223 | €1,839,133 | +€244,910 | +15.4% |
| Amounts receivable within one year | 40/41 | €614,683 | €108,964 | -€505,719 | -82.3% |
| Trade receivables | 40 | €171,549 | €80,453 | -€91,096 | -53.1% |
| Other amounts receivable | 41 | €443,135 | €28,511 | -€414,623 | -93.6% |
| Cash at bank and in hand | 54/58 | €13,796 | €1,152 | -€12,644 | -91.6% |
| Deferred charges and accrued income | 490/1 | - | €244 | +€244 | |
| Total equity and liabilities | 10/49 | €2,230,155 | €1,981,327 | -€248,828 | -11.2% |
| Equity | 10/15 | -€397,222 | -€540,964 | -€143,742 | -36.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,222 | -€640,964 | -€143,742 | -28.9% |
| Amounts payable | 17/49 | €2,627,377 | €2,522,291 | -€105,086 | -4.0% |
| Amounts payable after more than one year | 17 | €288,000 | €154,968 | -€133,032 | -46.2% |
| Financial debts | 170/4 | €288,000 | €154,968 | -€133,032 | -46.2% |
| Amounts payable within one year | 42/48 | €2,339,377 | €2,350,120 | +€10,743 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,860 | +€10,860 | |
| Trade debts | 44 | €168,464 | €2,266 | -€166,198 | -98.7% |
| Suppliers | 440/4 | €168,464 | €2,266 | -€166,198 | -98.7% |
| Taxes, remuneration and social security | 45 | €23,844 | €30,650 | +€6,805 | +28.5% |
| Taxes | 450/3 | €7,873 | €25,528 | +€17,655 | +224.2% |
| Remuneration and social security | 454/9 | €15,971 | €5,122 | -€10,849 | -67.9% |
| Other amounts payable | 47/48 | €2,147,069 | €2,306,344 | +€159,275 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €17,203 | +€17,203 | |
| Remuneration, social security and pensions | 62 | €42,515 | €38,579 | -€3,936 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,602 | €7,880 | +€2,278 | +40.7% |
| Other operating charges | 640/8 | €5,749 | €16,242 | +€10,494 | +182.5% |
| Gross operating margin | 9900 | -€31,629 | -€26,841 | +€4,788 | +15.1% |
| Operating profit (loss) | 9901 | -€85,495 | -€89,542 | -€4,047 | -4.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,899 | €3,341 | -€4,559 | -57.7% |
| Recurring financial charges | 65 | €7,899 | €3,341 | -€4,559 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€93,395 | -€92,883 | +€511 | +0.5% |
| Profit (loss) for the period | 9904 | -€93,395 | -€92,883 | +€511 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,395 | -€92,883 | +€511 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 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.