Kovatech: 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.
Kovatech
Largest movements
- Intangible fixed assets +€674,793
new in 2025: €674,793
- Tangible fixed assets +€418,186
new in 2025: €418,186
of which Land and buildings: +€348,129
- Receivables within one year +€255,755
new in 2025: €255,755
of which Trade receivables: +€255,753
- Stocks and contracts +€159,758
new in 2025: €159,758
- Cash +€33,635
up €33,635 (+672.7%), from €5,000 to €38,635
mainly Debts after one year (+€966,583) and Trade debts (+€327,384)
- Debts after one year +€966,583
new in 2025: €966,583
- Trade debts +€327,384
new in 2025: €327,384
- Current portion of long-term debt +€125,207
new in 2025: €125,207
- Other debts +€77,721
new in 2025: €77,721
- Tax, wage and social debts +€63,592
new in 2025: €63,592
of which Taxes: +€49,999
- Gross operating margin +€119,424
new in 2025: €119,424
- Depreciation +€57,262
new in 2025: €57,262
- Staff costs +€51,446
new in 2025: €51,446
- Financial charges +€20,211
new in 2025: €20,211
of which Financial charges: +€18,211
- Other operating charges +€3,858
new in 2025: €3,858
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €5,000 | €1,551,385 | +€1.5m | +30927.7% |
| Fixed assets | 21/28 | - | €1,092,979 | +€1.1m | |
| Intangible fixed assets | 21 | - | €674,793 | +€674,793 | |
| Tangible fixed assets | 22/27 | - | €418,186 | +€418,186 | |
| Land and buildings | 22 | - | €348,129 | +€348,129 | |
| Furniture and vehicles | 24 | - | €70,057 | +€70,057 | |
| Current assets | 29/58 | €5,000 | €458,406 | +€453,406 | +9068.1% |
| Stocks and contracts in progress | 3 | - | €159,758 | +€159,758 | |
| Stocks | 30/36 | - | €159,758 | +€159,758 | |
| Amounts receivable within one year | 40/41 | - | €255,755 | +€255,755 | |
| Trade receivables | 40 | - | €255,753 | +€255,753 | |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €5,000 | €38,635 | +€33,635 | +672.7% |
| Deferred charges and accrued income | 490/1 | - | €4,259 | +€4,259 | |
| Total equity and liabilities | 10/49 | €5,000 | €1,551,385 | +€1.5m | +30927.7% |
| Equity | 10/15 | €5,000 | -€10,008 | -€15,008 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,008 | -€15,008 | |
| Amounts payable | 17/49 | - | €1,561,393 | +€1.6m | |
| Amounts payable after more than one year | 17 | - | €966,583 | +€966,583 | |
| Financial debts | 170/4 | - | €966,583 | +€966,583 | |
| Amounts payable within one year | 42/48 | - | €594,490 | +€594,490 | |
| Current portion of amounts payable after more than one year | 42 | - | €125,207 | +€125,207 | |
| Trade debts | 44 | - | €327,384 | +€327,384 | |
| Suppliers | 440/4 | - | €327,384 | +€327,384 | |
| Advances received on contracts in progress | 46 | - | €586 | +€586 | |
| Taxes, remuneration and social security | 45 | - | €63,592 | +€63,592 | |
| Taxes | 450/3 | - | €49,999 | +€49,999 | |
| Remuneration and social security | 454/9 | - | €13,593 | +€13,593 | |
| Other amounts payable | 47/48 | - | €77,721 | +€77,721 | |
| Accrued charges and deferred income | 492/3 | - | €319 | +€319 | |
| Remuneration, social security and pensions | 62 | - | €51,446 | +€51,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57,262 | +€57,262 | |
| Other operating charges | 640/8 | - | €3,858 | +€3,858 | |
| Gross operating margin | 9900 | - | €119,424 | +€119,424 | |
| Operating profit (loss) | 9901 | - | €6,858 | +€6,858 | |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | - | €20,211 | +€20,211 | |
| Recurring financial charges | 65 | - | €18,211 | +€18,211 | |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | - | -€13,320 | -€13,320 | |
| Profit (loss) for the period | 9904 | - | -€13,320 | -€13,320 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€13,320 | -€13,320 |
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 10 October 2026 via checked.be.