COMPACT: 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.
COMPACT
Largest movements
- Receivables after one year +€157,997
new in 2025: €157,997
- Cash -€70,392
down €70,392 (-57.3%), from €122,795 to €52,403
mainly Receivables after one year (-€157,997) and Investment in fixed assets (net) (-€100,291)
- Tangible fixed assets +€66,816
up €66,816 (+17.5%), from €381,029 to €447,845
of which Land and buildings: +€75,100
- Receivables within one year -€37,645
down €37,645 (-38.2%), from €98,463 to €60,819
of which Other amounts receivable: -€32,547
- Reserves +€107,682
up €107,682 (+35.8%), from €301,071 to €408,754
- Accrued charges and deferred income +€23,010
up €23,010 (+1088.6%), from €2,114 to €25,124
- Debts after one year +€20,011
up €20,011 (+11.1%), from €179,785 to €199,796
- Trade debts -€18,359
down €18,359 (-65.7%), from €27,942 to €9,583
- Tax, wage and social debts -€14,144
down €14,144 (-23.7%), from €59,792 to €45,649
- Taxes -€11,288
down €11,288 (-24.2%), from €46,672 to €35,384
- Financial income +€8,195
up €8,195 (+52.2%), from €15,687 to €23,883
- Financial charges +€8,016
up €8,016 (+39.2%), from €20,473 to €28,489
- Depreciation +€4,768
up €4,768 (+16.6%), from €28,706 to €33,475
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 | €605,296 | €733,545 | +€128,249 | +21.2% |
| Fixed assets | 21/28 | €381,029 | €447,845 | +€66,816 | +17.5% |
| Tangible fixed assets | 22/27 | €381,029 | €447,845 | +€66,816 | +17.5% |
| Land and buildings | 22 | €308,817 | €383,916 | +€75,100 | +24.3% |
| Plant, machinery and equipment | 23 | €40,207 | €41,548 | +€1,341 | +3.3% |
| Furniture and vehicles | 24 | €32,005 | €22,381 | -€9,625 | -30.1% |
| Current assets | 29/58 | €224,267 | €285,700 | +€61,433 | +27.4% |
| Amounts receivable after more than one year | 29 | - | €157,997 | +€157,997 | |
| Other amounts receivable | 291 | - | €157,997 | +€157,997 | |
| Stocks and contracts in progress | 3 | - | €4,155 | +€4,155 | |
| Stocks | 30/36 | - | €4,155 | +€4,155 | |
| Amounts receivable within one year | 40/41 | €98,463 | €60,819 | -€37,645 | -38.2% |
| Trade receivables | 40 | €63,552 | €58,455 | -€5,097 | -8.0% |
| Other amounts receivable | 41 | €34,911 | €2,364 | -€32,547 | -93.2% |
| Cash at bank and in hand | 54/58 | €122,795 | €52,403 | -€70,392 | -57.3% |
| Deferred charges and accrued income | 490/1 | €3,009 | €10,326 | +€7,317 | +243.1% |
| Total equity and liabilities | 10/49 | €605,296 | €733,545 | +€128,249 | +21.2% |
| Equity | 10/15 | €303,071 | €410,754 | +€107,682 | +35.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €301,071 | €408,754 | +€107,682 | +35.8% |
| Distributable reserves | 133 | €301,071 | €408,754 | +€107,682 | +35.8% |
| Amounts payable | 17/49 | €302,225 | €322,792 | +€20,567 | +6.8% |
| Amounts payable after more than one year | 17 | €179,785 | €199,796 | +€20,011 | +11.1% |
| Financial debts | 170/4 | €179,785 | €199,796 | +€20,011 | +11.1% |
| Amounts payable within one year | 42/48 | €120,326 | €97,872 | -€22,454 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €32,592 | €42,640 | +€10,048 | +30.8% |
| Trade debts | 44 | €27,942 | €9,583 | -€18,359 | -65.7% |
| Suppliers | 440/4 | €27,942 | €9,583 | -€18,359 | -65.7% |
| Taxes, remuneration and social security | 45 | €59,792 | €45,649 | -€14,144 | -23.7% |
| Taxes | 450/3 | €59,792 | €45,649 | -€14,144 | -23.7% |
| Accrued charges and deferred income | 492/3 | €2,114 | €25,124 | +€23,010 | +1088.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,706 | €33,475 | +€4,768 | +16.6% |
| Other operating charges | 640/8 | €508 | - | -€508 | |
| Gross operating margin | 9900 | €181,348 | €181,147 | -€201 | -0.1% |
| Operating profit (loss) | 9901 | €152,134 | €147,673 | -€4,461 | -2.9% |
| Financial income | 75/76B | €15,687 | €23,883 | +€8,195 | +52.2% |
| Recurring financial income | 75 | €15,687 | €23,883 | +€8,195 | +52.2% |
| Financial charges | 65/66B | €20,473 | €28,489 | +€8,016 | +39.2% |
| Recurring financial charges | 65 | €20,473 | €28,489 | +€8,016 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €147,349 | €143,066 | -€4,282 | -2.9% |
| Income taxes | 67/77 | €46,672 | €35,384 | -€11,288 | -24.2% |
| Profit (loss) for the period | 9904 | €100,676 | €107,682 | +€7,006 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,676 | €107,682 | +€7,006 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.