Le couvre-chef: 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.
Le couvre-chef
Largest movements
- Cash +€69,244
up €69,244 (+615%), from €11,266 to €80,510
mainly Receivables within one year (+€59,787) and Net result for the year (+€40,027)
- Receivables within one year -€59,787
down €59,787 (-56.2%), from €106,289 to €46,502
of which Trade receivables: -€56,586
- Intangible fixed assets -€14,286
down €14,286 (-16.0%), from €89,271 to €74,985
- Tangible fixed assets +€5,364
up €5,364 (+115%), from €4,646 to €10,010
of which Furniture and vehicles: +€5,988
- Other debts -€25,787
down €25,787 (-22.5%), from €114,714 to €88,927
- Tax, wage and social debts +€20,344
new in 2025: €20,344
- Reserves +€16,025
up €16,025 (+64.5%), from €24,850 to €40,875
- Trade debts -€9,849
down €9,849 (-19.0%), from €51,969 to €42,120
of which Bills of exchange payable: -€9,408
- Gross operating margin -€70,651
down €70,651 (-52.0%), from €135,866 to €65,215
- Other operating charges -€51,990
down €51,990 (-97.0%), from €53,618 to €1,628
- Turnover -€49,674
down €49,674 (-18.2%), from €273,422 to €223,747
- Purchases and services +€20,555
up €20,555 (+14.9%), from €137,556 to €158,111
- Depreciation +€4,998
up €4,998 (+42.1%), from €11,859 to €16,858
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,547 | €212,281 | +€735 | +0.3% |
| Fixed assets | 21/28 | €93,917 | €84,996 | -€8,921 | -9.5% |
| Intangible fixed assets | 21 | €89,271 | €74,985 | -€14,286 | -16.0% |
| Tangible fixed assets | 22/27 | €4,646 | €10,010 | +€5,364 | +115% |
| Plant, machinery and equipment | 23 | €2,397 | €1,773 | -€624 | -26.0% |
| Furniture and vehicles | 24 | €2,249 | €8,238 | +€5,988 | +266% |
| Current assets | 29/58 | €117,629 | €127,285 | +€9,656 | +8.2% |
| Amounts receivable within one year | 40/41 | €106,289 | €46,502 | -€59,787 | -56.2% |
| Trade receivables | 40 | €90,206 | €33,620 | -€56,586 | -62.7% |
| Other amounts receivable | 41 | €16,083 | €12,882 | -€3,202 | -19.9% |
| Cash at bank and in hand | 54/58 | €11,266 | €80,510 | +€69,244 | +615% |
| Deferred charges and accrued income | 490/1 | €74 | €274 | +€199 | +269% |
| Total equity and liabilities | 10/49 | €211,547 | €212,281 | +€735 | +0.3% |
| Equity | 10/15 | €44,863 | €60,890 | +€16,027 | +35.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,850 | €40,875 | +€16,025 | +64.5% |
| Distributable reserves | 133 | €24,850 | €40,875 | +€16,025 | +64.5% |
| Profit (loss) carried forward | 14 | €13 | €15 | +€2 | +11.4% |
| Amounts payable | 17/49 | €166,683 | €151,391 | -€15,292 | -9.2% |
| Amounts payable within one year | 42/48 | €166,683 | €151,391 | -€15,292 | -9.2% |
| Trade debts | 44 | €51,969 | €42,120 | -€9,849 | -19.0% |
| Suppliers | 440/4 | €42,562 | €42,120 | -€442 | -1.0% |
| Bills of exchange payable | 441 | €9,408 | - | -€9,408 | |
| Taxes, remuneration and social security | 45 | - | €20,344 | +€20,344 | |
| Taxes | 450/3 | - | €20,344 | +€20,344 | |
| Other amounts payable | 47/48 | €114,714 | €88,927 | -€25,787 | -22.5% |
| Turnover | 70 | €273,422 | €223,747 | -€49,674 | -18.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,556 | €158,111 | +€20,555 | +14.9% |
| Remuneration, social security and pensions | 62 | - | €74 | +€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,859 | €16,858 | +€4,998 | +42.1% |
| Other operating charges | 640/8 | €53,618 | €1,628 | -€51,990 | -97.0% |
| Gross operating margin | 9900 | €135,866 | €65,215 | -€70,651 | -52.0% |
| Operating profit (loss) | 9901 | €70,389 | €46,656 | -€23,733 | -33.7% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €125 | €193 | +€68 | +54.5% |
| Recurring financial charges | 65 | €125 | €193 | +€68 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €70,271 | €46,463 | -€23,808 | -33.9% |
| Income taxes | 67/77 | €9,408 | €6,437 | -€2,971 | -31.6% |
| Profit (loss) for the period | 9904 | €60,863 | €40,027 | -€20,837 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,863 | €40,027 | -€20,837 | -34.2% |
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 13 October 2026 via checked.be.