COMPAD MANAGEMENT: 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.
COMPAD MANAGEMENT
Largest movements
- Cash +€33,807
up €33,807 (+189%), from €17,923 to €51,730
mainly Net result for the year (+€89,552) and Depreciation (+€44,715)
- Reserves +€89,552
up €89,552 (+37.3%), from €239,957 to €329,509
- Debts after one year -€58,473
down €58,473 (-10.1%), from €576,426 to €517,953
- Other debts +€38,538
up €38,538 (+8.4%), from €461,216 to €499,753
- Tax, wage and social debts -€17,446
down €17,446 (-46.5%), from €37,488 to €20,041
- Depreciation -€102,722
down €102,722 (-69.7%), from €147,437 to €44,715
- Gross operating margin +€37,505
up €37,505 (+23.3%), from €160,713 to €198,218
- Financial charges +€12,288
up €12,288 (+30.6%), from €40,186 to €52,475
- Taxes +€9,034
up €9,034 (+3,722%), from €243 to €9,277
- Financial income -€2,786
down €2,786 (-100%), from €2,786 to €0
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.
Derived cash bridge
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 | €1,629,455 | €1,676,848 | +€47,393 | +2.9% |
| Fixed assets | 21/28 | €1,573,422 | €1,575,132 | +€1,709 | +0.1% |
| Tangible fixed assets | 22/27 | €1,555,922 | €1,557,632 | +€1,709 | +0.1% |
| Land and buildings | 22 | €1,555,922 | €1,557,632 | +€1,709 | +0.1% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €56,032 | €101,716 | +€45,684 | +81.5% |
| Amounts receivable within one year | 40/41 | €36,004 | €48,552 | +€12,548 | +34.9% |
| Trade receivables | 40 | €36,004 | €48,552 | +€12,548 | +34.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,923 | €51,730 | +€33,807 | +189% |
| Deferred charges and accrued income | 490/1 | €2,105 | €1,434 | -€671 | -31.9% |
| Total equity and liabilities | 10/49 | €1,629,455 | €1,676,848 | +€47,393 | +2.9% |
| Equity | 10/15 | €488,507 | €578,059 | +€89,552 | +18.3% |
| Contributions | 10/11 | €248,550 | €248,550 | = | 0.0% |
| Reserves | 13 | €239,957 | €329,509 | +€89,552 | +37.3% |
| Distributable reserves | 133 | €239,957 | €329,509 | +€89,552 | +37.3% |
| Amounts payable | 17/49 | €1,140,947 | €1,098,788 | -€42,159 | -3.7% |
| Amounts payable after more than one year | 17 | €576,426 | €517,953 | -€58,473 | -10.1% |
| Financial debts | 170/4 | €576,426 | €517,953 | -€58,473 | -10.1% |
| Amounts payable within one year | 42/48 | €564,382 | €580,836 | +€16,453 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €56,885 | €58,473 | +€1,588 | +2.8% |
| Trade debts | 44 | €8,794 | €2,568 | -€6,226 | -70.8% |
| Suppliers | 440/4 | €8,794 | €2,568 | -€6,226 | -70.8% |
| Taxes, remuneration and social security | 45 | €37,488 | €20,041 | -€17,446 | -46.5% |
| Taxes | 450/3 | €37,488 | €20,041 | -€17,446 | -46.5% |
| Other amounts payable | 47/48 | €461,216 | €499,753 | +€38,538 | +8.4% |
| Accrued charges and deferred income | 492/3 | €139 | €0 | -€139 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,437 | €44,715 | -€102,722 | -69.7% |
| Other operating charges | 640/8 | €959 | €2,200 | +€1,240 | +129% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €160,713 | €198,218 | +€37,505 | +23.3% |
| Operating profit (loss) | 9901 | €12,317 | €151,303 | +€138,986 | +1,128% |
| Financial income | 75/76B | €2,786 | €0 | -€2,786 | -100% |
| Recurring financial income | 75 | €2,786 | €0 | -€2,786 | -100% |
| Financial charges | 65/66B | €40,186 | €52,475 | +€12,288 | +30.6% |
| Recurring financial charges | 65 | €40,186 | €52,475 | +€12,288 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,083 | €98,829 | +€123,912 | |
| Income taxes | 67/77 | €243 | €9,277 | +€9,034 | +3,722% |
| Profit (loss) for the period | 9904 | -€25,326 | €89,552 | +€114,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,326 | €89,552 | +€114,878 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.