COMPAGNIE 14: 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.
COMPAGNIE 14
Largest movements
- Financial fixed assets -€8.6m
down €8.6m (-82.7%), from €10.4m to €1.8m
- Receivables within one year +€393,551
up €393,551 (+1,439%), from €27,352 to €420,903
- Receivables after one year -€204,014
no longer reported in 2025 (was €204,014)
- Profit (loss) carried forward -€9.0m
down €9.0m (-97.8%), from €9.2m to €201,903
- Debts after one year +€270,090
up €270,090 (+23.2%), from €1.2m to €1.4m
- Other debts +€188,489
up €188,489 (+144%), from €130,776 to €319,265
- Financial charges +€8.9m
up €8.9m (+10,603%), from €83,976 to €9.0m
of which Non-recurring financial charges: +€8.9m
- Financial income +€5,090
up €5,090 (+15.8%), from €32,246 to €37,336
- Taxes -€1,799
down €1,799 (-100%), from €1,799 to €0
- Gross operating margin -€305
down €305 (-11.6%), from -€2,628 to -€2,932
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
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 | €10,727,395 | €2,229,236 | -€8.5m | -79.2% |
| Fixed assets | 21/28 | €10,431,305 | €1,803,655 | -€8.6m | -82.7% |
| Financial fixed assets | 28 | €10,431,305 | €1,803,655 | -€8.6m | -82.7% |
| Current assets | 29/58 | €296,090 | €425,581 | +€129,491 | +43.7% |
| Amounts receivable after more than one year | 29 | €204,014 | - | -€204,014 | |
| Other amounts receivable | 291 | €204,014 | - | -€204,014 | |
| Amounts receivable within one year | 40/41 | €27,352 | €420,903 | +€393,551 | +1,439% |
| Other amounts receivable | 41 | €27,352 | €420,903 | +€393,551 | +1,439% |
| Cash at bank and in hand | 54/58 | €64,723 | €4,678 | -€60,045 | -92.8% |
| Total equity and liabilities | 10/49 | €10,727,395 | €2,229,236 | -€8.5m | -79.2% |
| Equity | 10/15 | €9,429,175 | €474,796 | -€9.0m | -95.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,156,281 | €201,903 | -€9.0m | -97.8% |
| Amounts payable | 17/49 | €1,298,220 | €1,754,440 | +€456,220 | +35.1% |
| Amounts payable after more than one year | 17 | €1,165,084 | €1,435,175 | +€270,090 | +23.2% |
| Financial debts | 170/4 | €1,165,084 | €1,435,175 | +€270,090 | +23.2% |
| Amounts payable within one year | 42/48 | €133,136 | €319,265 | +€186,130 | +140% |
| Trade debts | 44 | €2,360 | €0 | -€2,360 | -100% |
| Suppliers | 440/4 | €2,360 | €0 | -€2,360 | -100% |
| Other amounts payable | 47/48 | €130,776 | €319,265 | +€188,489 | +144% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,628 | -€2,932 | -€305 | -11.6% |
| Operating profit (loss) | 9901 | -€3,595 | -€3,930 | -€335 | -9.3% |
| Financial income | 75/76B | €32,246 | €37,336 | +€5,090 | +15.8% |
| Recurring financial income | 75 | €32,246 | €37,336 | +€5,090 | +15.8% |
| Financial charges | 65/66B | €83,976 | €8,987,784 | +€8.9m | +10,603% |
| Recurring financial charges | 65 | €83,976 | €87,784 | +€3,808 | +4.5% |
| Non-recurring financial charges | 66B | - | €8,900,000 | +€8.9m | |
| Profit (loss) for the period before taxes | 9903 | -€55,325 | -€8,954,378 | -€8.9m | -16,085% |
| Income taxes | 67/77 | €1,799 | €0 | -€1,799 | -100% |
| Profit (loss) for the period | 9904 | -€57,124 | -€8,954,378 | -€8.9m | -15,575% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,124 | -€8,954,378 | -€8.9m | -15,575% |
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 27 October 2026 via checked.be.