KOVERO: what changed
Two fiscal 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.
KOVERO
Largest movements
- Stocks and contracts -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Cash +€427,388
up €427,388 (+355.8%), from €120,106 to €547,494
mainly Stocks and contracts (+€2.4m) and Net result for the year (+€226,173)
- Receivables within one year -€69,430
down €69,430 (-95.4%), from €72,808 to €3,377
of which Other amounts receivable: -€69,430
- Short-term financial debts -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Tax, wage and social debts +€203,519
up €203,519 (+6739.9%), from €3,020 to €206,538
- Other debts +€87,245
up €87,245 (+94.1%), from €92,755 to €180,000
- Reserves +€46,173
up €46,173 (+576.8%), from €8,004 to €54,177
- Trade debts +€39,754
up €39,754 (+81.3%), from €48,875 to €88,628
- Gross operating margin +€353,823
up €353,823 (+1353.7%), from €26,137 to €379,960
- Financial charges +€98,265
up €98,265 (+9652.6%), from €1,018 to €99,283
- Taxes +€81,698
up €81,698 (+2705.6%), from €3,020 to €84,718
- Financial income +€30,708
up €30,708, from €0 to €30,708
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 | €2,598,721 | €550,872 | -€2.0m | -78.8% |
| Current assets | 29/58 | €2,598,721 | €550,872 | -€2.0m | -78.8% |
| Stocks and contracts in progress | 3 | €2,405,807 | €0 | -€2.4m | -100.0% |
| Stocks | 30/36 | €2,405,807 | €0 | -€2.4m | -100.0% |
| Amounts receivable within one year | 40/41 | €72,808 | €3,377 | -€69,430 | -95.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €72,808 | €3,377 | -€69,430 | -95.4% |
| Cash at bank and in hand | 54/58 | €120,106 | €547,494 | +€427,388 | +355.8% |
| Total equity and liabilities | 10/49 | €2,598,721 | €550,872 | -€2.0m | -78.8% |
| Equity | 10/15 | €29,004 | €75,177 | +€46,173 | +159.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €8,004 | €54,177 | +€46,173 | +576.8% |
| Distributable reserves | 133 | €8,004 | €54,177 | +€46,173 | +576.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,569,716 | €475,695 | -€2.1m | -81.5% |
| Amounts payable within one year | 42/48 | €2,544,649 | €475,167 | -€2.1m | -81.3% |
| Financial debts | 43 | €2,400,000 | €0 | -€2.4m | -100.0% |
| Credit institutions | 430/8 | €2,400,000 | €0 | -€2.4m | -100.0% |
| Trade debts | 44 | €48,875 | €88,628 | +€39,754 | +81.3% |
| Suppliers | 440/4 | €48,875 | €88,628 | +€39,754 | +81.3% |
| Taxes, remuneration and social security | 45 | €3,020 | €206,538 | +€203,519 | +6739.9% |
| Taxes | 450/3 | €3,020 | €206,538 | +€203,519 | +6739.9% |
| Other amounts payable | 47/48 | €92,755 | €180,000 | +€87,245 | +94.1% |
| Accrued charges and deferred income | 492/3 | €25,068 | €528 | -€24,540 | -97.9% |
| Other operating charges | 640/8 | €64 | €495 | +€431 | +675.4% |
| Gross operating margin | 9900 | €26,137 | €379,960 | +€353,823 | +1353.7% |
| Operating profit (loss) | 9901 | €26,074 | €379,466 | +€353,392 | +1355.4% |
| Financial income | 75/76B | €0 | €30,708 | +€30,708 | |
| Recurring financial income | 75 | €0 | €30,708 | +€30,708 | |
| Financial charges | 65/66B | €1,018 | €99,283 | +€98,265 | +9652.6% |
| Recurring financial charges | 65 | €1,018 | €99,283 | +€98,265 | +9652.6% |
| Profit (loss) for the period before taxes | 9903 | €25,056 | €310,890 | +€285,835 | +1140.8% |
| Income taxes | 67/77 | €3,020 | €84,718 | +€81,698 | +2705.6% |
| Profit (loss) for the period | 9904 | €22,036 | €226,173 | +€204,137 | +926.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,036 | €226,173 | +€204,137 | +926.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.