OD.COVEN: 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.
OD.COVEN
Largest movements
- Cash +€4,360
up €4,360 (+186.3%), from €2,341 to €6,701
mainly Net result for the year (+€7,099) and Depreciation (+€4,323)
- Tangible fixed assets -€4,323
down €4,323 (-45.3%), from €9,541 to €5,218
of which Plant, machinery and equipment: -€2,956
- Stocks and contracts -€1,500
no longer reported in 2025 (was €1,500)
- Receivables within one year +€1,017
up €1,017 (+194.4%), from €523 to €1,541
- Financial fixed assets -€188
no longer reported in 2025 (was €188)
- Profit (loss) carried forward +€7,099
up €7,099 (+45.4%), from -€15,626 to -€8,527
- Debts after one year -€5,636
no longer reported in 2025 (was €5,636)
- Current portion of long-term debt -€3,740
down €3,740 (-39.9%), from €9,377 to €5,636
- Tax, wage and social debts +€1,309
up €1,309 (+271.3%), from €483 to €1,791
- Trade debts +€314
up €314 (+647.3%), from €48 to €362
- Gross operating margin +€8,925
up €8,925 (+265.7%), from €3,359 to €12,283
- Depreciation -€749
down €749 (-14.8%), from €5,073 to €4,323
- Financial charges -€428
down €428 (-47.3%), from €905 to €476
- Other operating charges +€387
new in 2025: €387
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 | €14,093 | €13,585 | -€507 | -3.6% |
| Fixed assets | 21/28 | €9,729 | €5,218 | -€4,511 | -46.4% |
| Tangible fixed assets | 22/27 | €9,541 | €5,218 | -€4,323 | -45.3% |
| Plant, machinery and equipment | 23 | €7,372 | €4,416 | -€2,956 | -40.1% |
| Furniture and vehicles | 24 | €2,169 | €801 | -€1,368 | -63.1% |
| Financial fixed assets | 28 | €188 | - | -€188 | |
| Current assets | 29/58 | €4,364 | €8,368 | +€4,004 | +91.7% |
| Stocks and contracts in progress | 3 | €1,500 | - | -€1,500 | |
| Stocks | 30/36 | €1,500 | - | -€1,500 | |
| Amounts receivable within one year | 40/41 | €523 | €1,541 | +€1,017 | +194.4% |
| Trade receivables | 40 | €523 | €1,541 | +€1,017 | +194.4% |
| Cash at bank and in hand | 54/58 | €2,341 | €6,701 | +€4,360 | +186.3% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €14,093 | €13,585 | -€507 | -3.6% |
| Equity | 10/15 | -€12,626 | -€5,527 | +€7,099 | +56.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,626 | -€8,527 | +€7,099 | +45.4% |
| Amounts payable | 17/49 | €26,719 | €19,112 | -€7,607 | -28.5% |
| Amounts payable after more than one year | 17 | €5,636 | - | -€5,636 | |
| Financial debts | 170/4 | €5,636 | - | -€5,636 | |
| Amounts payable within one year | 42/48 | €21,083 | €19,112 | -€1,971 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €9,377 | €5,636 | -€3,740 | -39.9% |
| Trade debts | 44 | €48 | €362 | +€314 | +647.3% |
| Suppliers | 440/4 | €48 | €362 | +€314 | +647.3% |
| Taxes, remuneration and social security | 45 | €483 | €1,791 | +€1,309 | +271.3% |
| Taxes | 450/3 | €483 | €1,791 | +€1,309 | +271.3% |
| Other amounts payable | 47/48 | €11,175 | €11,322 | +€147 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,073 | €4,323 | -€749 | -14.8% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €3,359 | €12,283 | +€8,925 | +265.7% |
| Operating profit (loss) | 9901 | -€1,714 | €7,573 | +€9,286 | |
| Financial income | 75/76B | €7 | €3 | -€3 | -52.4% |
| Recurring financial income | 75 | €7 | €3 | -€3 | -52.4% |
| Financial charges | 65/66B | €905 | €476 | -€428 | -47.3% |
| Recurring financial charges | 65 | €905 | €476 | -€428 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,612 | €7,099 | +€9,711 | |
| Profit (loss) for the period | 9904 | -€2,612 | €7,099 | +€9,711 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,612 | €7,099 | +€9,711 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.