Kovilo: what changed
Kovilo
Largest movements
- Cash +€36,931
up €36,931 (+565%), from €6,536 to €43,467
mainly Net result for the year (+€86,212) and Receivables within one year (+€25,822)
- Receivables within one year -€25,822
down €25,822 (-27.4%), from €94,163 to €68,342
of which Other amounts receivable: -€20,155
- Tangible fixed assets +€3,767
up €3,767 (+219%), from €1,721 to €5,487
- Deferred charges and accrued income +€2,369
up €2,369 (+103%), from €2,291 to €4,661
- Reserves +€33,000
up €33,000 (+70.4%), from €46,860 to €79,860
of which Distributable reserves: +€33,000
- Profit (loss) carried forward -€26,788
down €26,788 (-97.7%), from €27,408 to €620
- Trade debts +€5,814
up €5,814 (+139%), from €4,187 to €10,001
- Tax, wage and social debts +€5,218
up €5,218 (+24.8%), from €21,057 to €26,275
- Taxes +€2,551
up €2,551 (+9.1%), from €27,986 to €30,538
- Write-downs -€2,000
new in 2025: -€2,000
- Other operating charges +€1,843
up €1,843 (+102%), from €1,816 to €3,659
- Gross operating margin -€1,832
down €1,832 (-1.5%), from €122,767 to €120,935
- Depreciation +€1,570
up €1,570 (+124%), from €1,269 to €2,838
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,711 | €122,956 | +€17,245 | +16.3% |
| Fixed assets | 21/28 | €2,721 | €6,487 | +€3,767 | +138% |
| Tangible fixed assets | 22/27 | €1,721 | €5,487 | +€3,767 | +219% |
| Furniture and vehicles | 24 | €1,721 | €5,487 | +€3,767 | +219% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €102,991 | €116,469 | +€13,478 | +13.1% |
| Amounts receivable within one year | 40/41 | €94,163 | €68,342 | -€25,822 | -27.4% |
| Trade receivables | 40 | €58,473 | €52,806 | -€5,667 | -9.7% |
| Other amounts receivable | 41 | €35,691 | €15,536 | -€20,155 | -56.5% |
| Cash at bank and in hand | 54/58 | €6,536 | €43,467 | +€36,931 | +565% |
| Deferred charges and accrued income | 490/1 | €2,291 | €4,661 | +€2,369 | +103% |
| Total equity and liabilities | 10/49 | €105,711 | €122,956 | +€17,245 | +16.3% |
| Equity | 10/15 | €80,468 | €86,680 | +€6,212 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €79,860 | +€33,000 | +70.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €78,000 | +€33,000 | +73.3% |
| Profit (loss) carried forward | 14 | €27,408 | €620 | -€26,788 | -97.7% |
| Amounts payable | 17/49 | €25,244 | €36,276 | +€11,033 | +43.7% |
| Amounts payable within one year | 42/48 | €25,244 | €36,276 | +€11,033 | +43.7% |
| Trade debts | 44 | €4,187 | €10,001 | +€5,814 | +139% |
| Suppliers | 440/4 | €4,187 | €10,001 | +€5,814 | +139% |
| Taxes, remuneration and social security | 45 | €21,057 | €26,275 | +€5,218 | +24.8% |
| Taxes | 450/3 | €21,057 | €26,275 | +€5,218 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €2,838 | +€1,570 | +124% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,000 | -€2,000 | |
| Other operating charges | 640/8 | €1,816 | €3,659 | +€1,843 | +102% |
| Gross operating margin | 9900 | €122,767 | €120,935 | -€1,832 | -1.5% |
| Operating profit (loss) | 9901 | €119,683 | €116,438 | -€3,245 | -2.7% |
| Financial income | 75/76B | €1,862 | €1,388 | -€475 | -25.5% |
| Recurring financial income | 75 | €1,862 | €1,388 | -€475 | -25.5% |
| Financial charges | 65/66B | €790 | €1,075 | +€285 | +36.1% |
| Recurring financial charges | 65 | €790 | €1,075 | +€285 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €120,755 | €116,750 | -€4,005 | -3.3% |
| Income taxes | 67/77 | €27,986 | €30,538 | +€2,551 | +9.1% |
| Profit (loss) for the period | 9904 | €92,769 | €86,212 | -€6,557 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,769 | €86,212 | -€6,557 | -7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.