COMPABEL: 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.
COMPABEL
Largest movements
- Formation expenses -€1,375
down €1,375 (-70.7%), from €1,944 to €569
- Receivables within one year +€1,054
up €1,054 (+62.1%), from €1,697 to €2,751
of which Other amounts receivable: +€719
- Cash -€198
down €198 (-1.2%), from €15,994 to €15,796
mainly Tax, wage and social debts (-€5,318) and Receivables within one year (-€1,054)
- Tax, wage and social debts -€5,318
down €5,318 (-71.2%), from €7,466 to €2,148
- Reserves +€4,948
up €4,948 (+65.1%), from €7,596 to €12,544
- Other debts -€263
down €263 (-19.1%), from €1,376 to €1,113
- Gross operating margin -€5,248
down €5,248 (-36.8%), from €14,257 to €9,009
- Taxes -€1,230
down €1,230 (-36.4%), from €3,378 to €2,148
- Other operating charges +€288
up €288 (+185.9%), from €155 to €443
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 | €19,723 | €19,205 | -€518 | -2.6% |
| Formation expenses | 20 | €1,944 | €569 | -€1,375 | -70.7% |
| Current assets | 29/58 | €17,778 | €18,636 | +€858 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,697 | €2,751 | +€1,054 | +62.1% |
| Trade receivables | 40 | €915 | €1,250 | +€335 | +36.6% |
| Other amounts receivable | 41 | €781 | €1,501 | +€719 | +92.1% |
| Cash at bank and in hand | 54/58 | €15,994 | €15,796 | -€198 | -1.2% |
| Deferred charges and accrued income | 490/1 | €88 | €89 | +€1 | +1.4% |
| Total equity and liabilities | 10/49 | €19,723 | €19,205 | -€518 | -2.6% |
| Equity | 10/15 | €10,596 | €15,544 | +€4,948 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,596 | €12,544 | +€4,948 | +65.1% |
| Distributable reserves | 133 | €7,596 | €12,544 | +€4,948 | +65.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,127 | €3,661 | -€5,466 | -59.9% |
| Amounts payable within one year | 42/48 | €9,127 | €3,661 | -€5,466 | -59.9% |
| Trade debts | 44 | €284 | €400 | +€115 | +40.6% |
| Suppliers | 440/4 | €284 | €400 | +€115 | +40.6% |
| Taxes, remuneration and social security | 45 | €7,466 | €2,148 | -€5,318 | -71.2% |
| Taxes | 450/3 | €7,466 | €2,148 | -€5,318 | -71.2% |
| Other amounts payable | 47/48 | €1,376 | €1,113 | -€263 | -19.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,375 | €1,375 | = | 0.0% |
| Other operating charges | 640/8 | €155 | €443 | +€288 | +185.9% |
| Gross operating margin | 9900 | €14,257 | €9,009 | -€5,248 | -36.8% |
| Operating profit (loss) | 9901 | €12,727 | €7,190 | -€5,536 | -43.5% |
| Financial charges | 65/66B | €76 | €94 | +€17 | +23.0% |
| Recurring financial charges | 65 | €76 | €94 | +€17 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €12,650 | €7,097 | -€5,554 | -43.9% |
| Income taxes | 67/77 | €3,378 | €2,148 | -€1,230 | -36.4% |
| Profit (loss) for the period | 9904 | €9,272 | €4,948 | -€4,324 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,272 | €4,948 | -€4,324 | -46.6% |
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 29 September 2026 via checked.be.