Comp-Lex: 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.
Comp-Lex
Largest movements
- Cash +€135,487
up €135,487 (+37.8%), from €358,724 to €494,211
mainly Net result for the year (+€69,048) and Receivables within one year (+€40,518)
- Receivables within one year -€40,518
down €40,518 (-82.6%), from €49,032 to €8,514
of which Trade receivables: -€43,193
- Receivables after one year -€36,812
down €36,812 (-51.7%), from €71,179 to €34,367
- Reserves +€69,048
up €69,048 (+13.5%), from €512,238 to €581,286
- Tax, wage and social debts -€10,011
down €10,011 (-66.7%), from €15,000 to €4,989
- Gross operating margin -€25,008
down €25,008 (-15.1%), from €165,725 to €140,717
- Financial charges -€8,012
down €8,012 (-16.2%), from €49,493 to €41,481
- Financial income +€3,727
up €3,727 (+139.7%), from €2,668 to €6,395
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 | €540,726 | €598,675 | +€57,949 | +10.7% |
| Fixed assets | 21/28 | €61,283 | €61,576 | +€293 | +0.5% |
| Tangible fixed assets | 22/27 | €61,283 | €61,576 | +€293 | +0.5% |
| Land and buildings | 22 | €59,494 | €57,500 | -€1,994 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | €1,664 | +€1,664 | |
| Furniture and vehicles | 24 | €1,790 | €2,413 | +€623 | +34.8% |
| Current assets | 29/58 | €479,443 | €537,099 | +€57,656 | +12.0% |
| Amounts receivable after more than one year | 29 | €71,179 | €34,367 | -€36,812 | -51.7% |
| Other amounts receivable | 291 | €71,179 | €34,367 | -€36,812 | -51.7% |
| Amounts receivable within one year | 40/41 | €49,032 | €8,514 | -€40,518 | -82.6% |
| Trade receivables | 40 | €44,305 | €1,112 | -€43,193 | -97.5% |
| Other amounts receivable | 41 | €4,728 | €7,403 | +€2,675 | +56.6% |
| Cash at bank and in hand | 54/58 | €358,724 | €494,211 | +€135,487 | +37.8% |
| Deferred charges and accrued income | 490/1 | €508 | €6 | -€501 | -98.8% |
| Total equity and liabilities | 10/49 | €540,726 | €598,675 | +€57,949 | +10.7% |
| Equity | 10/15 | €524,638 | €593,686 | +€69,048 | +13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €512,238 | €581,286 | +€69,048 | +13.5% |
| Distributable reserves | 133 | €512,238 | €581,286 | +€69,048 | +13.5% |
| Amounts payable | 17/49 | €16,088 | €4,989 | -€11,099 | -69.0% |
| Amounts payable within one year | 42/48 | €16,088 | €4,989 | -€11,099 | -69.0% |
| Trade debts | 44 | €881 | - | -€881 | |
| Suppliers | 440/4 | €881 | - | -€881 | |
| Taxes, remuneration and social security | 45 | €15,000 | €4,989 | -€10,011 | -66.7% |
| Taxes | 450/3 | €15,000 | €4,989 | -€10,011 | -66.7% |
| Other amounts payable | 47/48 | €207 | - | -€207 | |
| Non-recurring operating income | 76A | €32,160 | €10,000 | -€22,160 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,205 | €2,648 | +€443 | +20.1% |
| Other operating charges | 640/8 | €1,311 | €616 | -€696 | -53.1% |
| Gross operating margin | 9900 | €165,725 | €140,717 | -€25,008 | -15.1% |
| Operating profit (loss) | 9901 | €162,209 | €137,454 | -€24,755 | -15.3% |
| Financial income | 75/76B | €2,668 | €6,395 | +€3,727 | +139.7% |
| Recurring financial income | 75 | €2,668 | €6,395 | +€3,727 | +139.7% |
| Financial charges | 65/66B | €49,493 | €41,481 | -€8,012 | -16.2% |
| Recurring financial charges | 65 | €49,493 | €41,481 | -€8,012 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €115,384 | €102,368 | -€13,016 | -11.3% |
| Income taxes | 67/77 | €33,104 | €33,320 | +€216 | +0.7% |
| Profit (loss) for the period | 9904 | €82,280 | €69,048 | -€13,232 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,280 | €69,048 | -€13,232 | -16.1% |
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.