Kovertis: what changed
What changed
Kovertis
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€110,039
2025 · €71,192+€38,846
Equity
€181,232
2025 · €71,193+€110,039
Cash
€168,929
2025 · €82,188+€86,741
Balance sheet total
€231,367
2025 · €107,070+€124,297
Largest movements
Assets
- Cash +€86,741
up €86,741 (+106%), from €82,188 to €168,929
mainly Net result for the year (+€110,039) and Tax, wage and social debts (+€7,977)
- Tangible fixed assets +€25,738
new in 2026: €25,738
- Current investments +€12,000
new in 2026: €12,000
Equity and liabilities
- Reserves +€110,039
up €110,039 (+155%), from €71,192 to €181,231
- Tax, wage and social debts +€7,977
up €7,977 (+23.4%), from €34,124 to €42,100
- Other debts +€6,277
up €6,277 (+837%), from €750 to €7,027
Income statement
- Gross operating margin +€52,689
up €52,689 (+57.1%), from €92,253 to €144,941
- Taxes +€12,902
up €12,902 (+69.6%), from €18,542 to €31,443
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€71,192
Gross operating margin
+€52,689
Depreciation
+€396
Other operating charges
-€184
Financial income
+€279
Financial charges
-€1,431
Taxes
-€12,902
Result 2026
€110,039
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€125,490
Investment
-€38,750
Financing
€0
Cash 2025
€82,188
From operations (derived)
+€125,490
Net result for the year
+€110,039
Depreciation
+€1,011
Receivables within one year
+€2,260
Deferred charges and accrued income
-€2,078
Smaller working-capital items
+€5
Tax, wage and social debts
+€7,977
Other debts
+€6,277
Investment (derived)
-€38,750
Investment in fixed assets (net)
-€26,750
Current investments
-€12,000
Cash 2026
€168,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,070 | €231,367 | +€124,297 | +116% |
| Fixed assets | 21/28 | - | €25,738 | +€25,738 | |
| Tangible fixed assets | 22/27 | - | €25,738 | +€25,738 | |
| Furniture and vehicles | 24 | - | €25,738 | +€25,738 | |
| Current assets | 29/58 | €107,070 | €205,629 | +€98,559 | +92.1% |
| Amounts receivable within one year | 40/41 | €24,238 | €21,978 | -€2,260 | -9.3% |
| Trade receivables | 40 | €24,238 | €21,978 | -€2,260 | -9.3% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €82,188 | €168,929 | +€86,741 | +106% |
| Deferred charges and accrued income | 490/1 | €645 | €2,723 | +€2,078 | +322% |
| Total equity and liabilities | 10/49 | €107,070 | €231,367 | +€124,297 | +116% |
| Equity | 10/15 | €71,193 | €181,232 | +€110,039 | +155% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €71,192 | €181,231 | +€110,039 | +155% |
| Distributable reserves | 133 | €71,192 | €181,231 | +€110,039 | +155% |
| Amounts payable | 17/49 | €35,877 | €50,136 | +€14,258 | +39.7% |
| Amounts payable within one year | 42/48 | €35,832 | €50,136 | +€14,304 | +39.9% |
| Trade debts | 44 | €958 | €1,009 | +€50 | +5.3% |
| Suppliers | 440/4 | €958 | €1,009 | +€50 | +5.3% |
| Taxes, remuneration and social security | 45 | €34,124 | €42,100 | +€7,977 | +23.4% |
| Taxes | 450/3 | €34,124 | €42,100 | +€7,977 | +23.4% |
| Other amounts payable | 47/48 | €750 | €7,027 | +€6,277 | +837% |
| Accrued charges and deferred income | 492/3 | €46 | €0 | -€46 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,408 | €1,011 | -€396 | -28.2% |
| Other operating charges | 640/8 | €50 | €234 | +€184 | +369% |
| Gross operating margin | 9900 | €92,253 | €144,941 | +€52,689 | +57.1% |
| Operating profit (loss) | 9901 | €90,795 | €143,696 | +€52,901 | +58.3% |
| Financial income | 75/76B | - | €279 | +€279 | |
| Recurring financial income | 75 | - | €279 | +€279 | |
| Financial charges | 65/66B | €1,061 | €2,493 | +€1,431 | +135% |
| Recurring financial charges | 65 | €1,061 | €2,493 | +€1,431 | +135% |
| Profit (loss) for the period before taxes | 9903 | €89,734 | €141,482 | +€51,748 | +57.7% |
| Income taxes | 67/77 | €18,542 | €31,443 | +€12,902 | +69.6% |
| Profit (loss) for the period | 9904 | €71,192 | €110,039 | +€38,846 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,192 | €110,039 | +€38,846 | +54.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.