KOVERA GEEL: 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.
What changed
KOVERA GEEL
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,895
2024 · -€2,958+€28,854
Equity
€2.6m
2024 · €2.6m+€25,895
Cash
€51,245
2024 · €12,285+€38,960
Balance sheet total
€5.2m
2024 · €5.1m+€100,325
Largest movements
Assets
- Receivables within one year +€66,615
up €66,615 (+4.9%), from €1.4m to €1.4m
Equity and liabilities
- Other debts +€122,311
up €122,311 (+24.7%), from €494,197 to €616,507
- Debts after one year -€85,933
down €85,933 (-7.4%), from €1.2m to €1.1m
Income statement
- Financial income +€66,825
new in 2025: €66,825
- Financial charges +€45,378
up €45,378 (+116%), from €39,285 to €84,663
- Services and other goods -€10,774
down €10,774 (-14.2%), from €75,937 to €65,163
- Taxes +€3,743
up €3,743 (+76.4%), from €4,901 to €8,644
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.
Result 2024
-€2,958
Services and other goods
+€10,774
Depreciation
-€2
Other operating charges
+€378
Financial income
+€66,825
Financial charges
-€45,378
Taxes
-€3,743
Result 2025
€25,895
raises the resultlowers the result
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.
From operations
+€124,893
Investment
€0
Financing
-€85,933
Cash 2024
€12,285
From operations (derived)
+€124,893
Net result for the year
+€25,895
Depreciation
+€5,250
Receivables within one year
-€66,615
Trade debts
-€12,894
Tax, wage and social debts
+€49,947
Other debts
+€122,311
Accrued charges and deferred income
+€998
Financing
-€85,933
Debts after one year
-€85,933
Cash 2025
€51,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,071,104 | €5,171,429 | +€100,325 | +2.0% |
| Fixed assets | 21/28 | €3,705,604 | €3,700,355 | -€5,250 | -0.1% |
| Tangible fixed assets | 22/27 | €560,469 | €555,219 | -€5,250 | -0.9% |
| Land and buildings | 22 | €557,680 | €553,240 | -€4,440 | -0.8% |
| Other tangible fixed assets | 26 | €2,788 | €1,979 | -€810 | -29.0% |
| Financial fixed assets | 28 | €3,145,136 | €3,145,136 | = | 0.0% |
| Affiliated companies | 280/1 | €3,145,136 | €3,145,136 | = | 0.0% |
| Participating interests | 280 | €3,145,136 | €3,145,136 | = | 0.0% |
| Current assets | 29/58 | €1,365,500 | €1,471,075 | +€105,575 | +7.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,353,214 | €1,419,830 | +€66,615 | +4.9% |
| Other amounts receivable | 41 | €1,353,214 | €1,419,830 | +€66,615 | +4.9% |
| Cash at bank and in hand | 54/58 | €12,285 | €51,245 | +€38,960 | +317% |
| Total equity and liabilities | 10/49 | €5,071,104 | €5,171,429 | +€100,325 | +2.0% |
| Equity | 10/15 | €2,556,922 | €2,582,817 | +€25,895 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,481,200 | €2,506,200 | +€25,000 | +1.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,475,000 | €2,500,000 | +€25,000 | +1.0% |
| Profit (loss) carried forward | 14 | €13,722 | €14,617 | +€895 | +6.5% |
| Amounts payable | 17/49 | €2,514,182 | €2,588,612 | +€74,430 | +3.0% |
| Amounts payable after more than one year | 17 | €1,155,667 | €1,069,734 | -€85,933 | -7.4% |
| Financial debts | 170/4 | €1,155,667 | €1,069,734 | -€85,933 | -7.4% |
| Credit institutions | 173 | €1,155,667 | €1,069,734 | -€85,933 | -7.4% |
| Amounts payable within one year | 42/48 | €1,358,516 | €1,517,880 | +€159,365 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €85,933 | €85,933 | = | 0.0% |
| Trade debts | 44 | €777,691 | €764,797 | -€12,894 | -1.7% |
| Suppliers | 440/4 | €777,691 | €764,797 | -€12,894 | -1.7% |
| Taxes, remuneration and social security | 45 | €695 | €50,642 | +€49,947 | +7,190% |
| Taxes | 450/3 | €695 | €50,642 | +€49,947 | +7,190% |
| Other amounts payable | 47/48 | €494,197 | €616,507 | +€122,311 | +24.7% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Operating income | 70/76A | €132,000 | €132,000 | = | 0.0% |
| Turnover | 70 | €132,000 | €132,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €90,772 | €79,623 | -€11,150 | -12.3% |
| Services and other goods | 61 | €75,937 | €65,163 | -€10,774 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,247 | €5,250 | +€2 | 0.0% |
| Other operating charges | 640/8 | €9,588 | €9,210 | -€378 | -3.9% |
| Operating profit (loss) | 9901 | €41,228 | €52,377 | +€11,150 | +27.0% |
| Financial income | 75/76B | - | €66,825 | +€66,825 | |
| Recurring financial income | 75 | - | €66,825 | +€66,825 | |
| Income from current assets | 751 | - | €66,825 | +€66,825 | |
| Financial charges | 65/66B | €39,285 | €84,663 | +€45,378 | +116% |
| Recurring financial charges | 65 | €39,285 | €84,663 | +€45,378 | +116% |
| Debt charges | 650 | €38,325 | €83,168 | +€44,843 | +117% |
| Other financial charges | 652/9 | €960 | €1,495 | +€536 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €1,943 | €34,539 | +€32,597 | +1,678% |
| Income taxes | 67/77 | €4,901 | €8,644 | +€3,743 | +76.4% |
| Taxes | 670/3 | €4,901 | €8,644 | +€3,743 | +76.4% |
| Profit (loss) for the period | 9904 | -€2,958 | €25,895 | +€28,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,958 | €25,895 | +€28,854 |
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 28 October 2026 via checked.be.