Kovani: 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.
Kovani
Largest movements
- Current investments -€8,930
no longer reported in 2025 (was €8,930)
- Tangible fixed assets -€6,125
down €6,125 (-23.1%), from €26,479 to €20,354
of which Furniture and vehicles: -€4,225
- Receivables within one year -€3,246
no longer reported in 2025 (was €3,246)
of which Other amounts receivable: -€3,125
- Cash +€3,007
up €3,007 (+6.9%), from €43,595 to €46,602
mainly Net result for the year (+€66,515) and Current investments (+€8,930)
- Reserves -€5,485
down €5,485 (-10.2%), from €53,727 to €48,242
- Trade debts -€2,974
down €2,974 (-74.2%), from €4,009 to €1,035
- Tax, wage and social debts -€2,782
down €2,782 (-13.7%), from €20,314 to €17,531
- Accrued charges and deferred income -€2,601
no longer reported in 2025 (was €2,601)
- Gross operating margin +€57,093
up €57,093 (+171.4%), from €33,312 to €90,405
- Taxes +€11,794
up €11,794 (+184.8%), from €6,384 to €18,178
- Financial charges -€964
down €964, from €222 to -€742
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 | €83,880 | €69,394 | -€14,486 | -17.3% |
| Fixed assets | 21/28 | €26,479 | €20,354 | -€6,125 | -23.1% |
| Tangible fixed assets | 22/27 | €26,479 | €20,354 | -€6,125 | -23.1% |
| Plant, machinery and equipment | 23 | €10,831 | €8,930 | -€1,900 | -17.5% |
| Furniture and vehicles | 24 | €15,649 | €11,424 | -€4,225 | -27.0% |
| Current assets | 29/58 | €57,401 | €49,040 | -€8,361 | -14.6% |
| Amounts receivable within one year | 40/41 | €3,246 | - | -€3,246 | |
| Trade receivables | 40 | €121 | - | -€121 | |
| Other amounts receivable | 41 | €3,125 | - | -€3,125 | |
| Current investments | 50/53 | €8,930 | - | -€8,930 | |
| Cash at bank and in hand | 54/58 | €43,595 | €46,602 | +€3,007 | +6.9% |
| Deferred charges and accrued income | 490/1 | €1,630 | €2,438 | +€808 | +49.5% |
| Total equity and liabilities | 10/49 | €83,880 | €69,394 | -€14,486 | -17.3% |
| Equity | 10/15 | €56,227 | €50,742 | -€5,485 | -9.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,727 | €48,242 | -€5,485 | -10.2% |
| Distributable reserves | 133 | €53,727 | €48,242 | -€5,485 | -10.2% |
| Amounts payable | 17/49 | €27,653 | €18,652 | -€9,001 | -32.5% |
| Amounts payable within one year | 42/48 | €25,052 | €18,652 | -€6,400 | -25.5% |
| Trade debts | 44 | €4,009 | €1,035 | -€2,974 | -74.2% |
| Suppliers | 440/4 | €4,009 | €1,035 | -€2,974 | -74.2% |
| Taxes, remuneration and social security | 45 | €20,314 | €17,531 | -€2,782 | -13.7% |
| Taxes | 450/3 | €20,314 | €17,531 | -€2,782 | -13.7% |
| Other amounts payable | 47/48 | €729 | €86 | -€644 | -88.2% |
| Accrued charges and deferred income | 492/3 | €2,601 | - | -€2,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,722 | €6,125 | +€403 | +7.0% |
| Other operating charges | 640/8 | €846 | €590 | -€256 | -30.2% |
| Gross operating margin | 9900 | €33,312 | €90,405 | +€57,093 | +171.4% |
| Operating profit (loss) | 9901 | €26,744 | €83,690 | +€56,946 | +212.9% |
| Financial income | 75/76B | €0 | €260 | +€260 | +108400.0% |
| Recurring financial income | 75 | €0 | €260 | +€260 | +108400.0% |
| Financial charges | 65/66B | €222 | -€742 | -€964 | |
| Recurring financial charges | 65 | €222 | -€742 | -€964 | |
| Profit (loss) for the period before taxes | 9903 | €26,522 | €84,692 | +€58,170 | +219.3% |
| Income taxes | 67/77 | €6,384 | €18,178 | +€11,794 | +184.8% |
| Profit (loss) for the period | 9904 | €20,139 | €66,515 | +€46,376 | +230.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,139 | €66,515 | +€46,376 | +230.3% |
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 10 October 2026 via checked.be.