Qovera: 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.
Qovera
Largest movements
- Financial fixed assets +€850,000
up €850,000 (+14.0%), from €6.1m to €6.9m
- Receivables within one year +€115,360
up €115,360 (+74.7%), from €154,500 to €269,860
of which Other amounts receivable: +€115,460
- Debts after one year +€1.5m
up €1.5m (+48.6%), from €3.0m to €4.5m
- Short-term financial debts -€1.4m
down €1.4m (-97.6%), from €1.4m to €33,724
- Current portion of long-term debt +€255,785
up €255,785 (+61.3%), from €416,979 to €672,764
- Contributions +€249,927
up €249,927 (+23.2%), from €1.1m to €1.3m
- Profit (loss) carried forward +€149,025
up €149,025 (+2808.9%), from €5,305 to €154,331
- Gross operating margin +€496,415
up €496,415 (+504.4%), from €98,413 to €594,828
- Financial charges +€115,568
up €115,568 (+127.1%), from €90,913 to €206,480
- Taxes +€93,177
up €93,177 (+5176.5%), from €1,800 to €94,977
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 | €6,287,776 | €7,311,810 | +€1.0m | +16.3% |
| Fixed assets | 21/28 | €6,085,000 | €6,935,000 | +€850,000 | +14.0% |
| Financial fixed assets | 28 | €6,085,000 | €6,935,000 | +€850,000 | +14.0% |
| Current assets | 29/58 | €202,776 | €376,810 | +€174,034 | +85.8% |
| Amounts receivable within one year | 40/41 | €154,500 | €269,860 | +€115,360 | +74.7% |
| Trade receivables | 40 | €145,300 | €145,200 | -€100 | -0.1% |
| Other amounts receivable | 41 | €9,200 | €124,660 | +€115,460 | +1255.0% |
| Cash at bank and in hand | 54/58 | - | €60,447 | +€60,447 | |
| Deferred charges and accrued income | 490/1 | €48,276 | €46,502 | -€1,774 | -3.7% |
| Total equity and liabilities | 10/49 | €6,287,776 | €7,311,810 | +€1.0m | +16.3% |
| Equity | 10/15 | €1,080,305 | €1,622,397 | +€542,092 | +50.2% |
| Contributions | 10/11 | €1,075,000 | €1,324,927 | +€249,927 | +23.2% |
| Reserves | 13 | - | €143,140 | +€143,140 | |
| Tax-exempt reserves | 132 | - | €143,140 | +€143,140 | |
| Profit (loss) carried forward | 14 | €5,305 | €154,331 | +€149,025 | +2808.9% |
| Amounts payable | 17/49 | €5,207,471 | €5,689,413 | +€481,942 | +9.3% |
| Amounts payable after more than one year | 17 | €3,018,021 | €4,484,002 | +€1.5m | +48.6% |
| Financial debts | 170/4 | €3,018,021 | €4,484,002 | +€1.5m | +48.6% |
| Amounts payable within one year | 42/48 | €2,099,783 | €1,085,253 | -€1.0m | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €416,979 | €672,764 | +€255,785 | +61.3% |
| Financial debts | 43 | €1,415,188 | €33,724 | -€1.4m | -97.6% |
| Credit institutions | 430/8 | €1,415,188 | €33,724 | -€1.4m | -97.6% |
| Trade debts | 44 | €101,055 | €69,823 | -€31,233 | -30.9% |
| Suppliers | 440/4 | €101,055 | €69,823 | -€31,233 | -30.9% |
| Taxes, remuneration and social security | 45 | €16,561 | €29,342 | +€12,781 | +77.2% |
| Taxes | 450/3 | €16,561 | €29,342 | +€12,781 | +77.2% |
| Other amounts payable | 47/48 | €150,000 | €279,600 | +€129,600 | +86.4% |
| Accrued charges and deferred income | 492/3 | €89,667 | €120,158 | +€30,491 | +34.0% |
| Other operating charges | 640/8 | €395 | €1,206 | +€811 | +205.4% |
| Gross operating margin | 9900 | €98,413 | €594,828 | +€496,415 | +504.4% |
| Operating profit (loss) | 9901 | €98,018 | €593,622 | +€495,604 | +505.6% |
| Financial charges | 65/66B | €90,913 | €206,480 | +€115,568 | +127.1% |
| Recurring financial charges | 65 | €90,913 | €206,480 | +€115,568 | +127.1% |
| Profit (loss) for the period before taxes | 9903 | €7,105 | €387,142 | +€380,037 | +5348.6% |
| Income taxes | 67/77 | €1,800 | €94,977 | +€93,177 | +5176.5% |
| Profit (loss) for the period | 9904 | €5,305 | €292,165 | +€286,860 | +5406.9% |
| Transfer to tax-exempt reserves | 689 | - | €143,140 | +€143,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,305 | €149,025 | +€143,720 | +2708.9% |
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 11 October 2026 via checked.be.