Compagnie Des Nations: 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 Des Nations
Largest movements
- Receivables after one year -€73,645
down €73,645 (-6.6%), from €1.1m to €1.0m
- Receivables within one year -€66,467
down €66,467 (-39.5%), from €168,193 to €101,727
of which Other amounts receivable: -€67,471
- Tangible fixed assets -€51,938
down €51,938 (-2.4%), from €2.1m to €2.1m
- Debts after one year -€180,220
down €180,220 (-5.3%), from €3.4m to €3.3m
of which Other amounts payable: -€125,147
- Gross operating margin +€135,459
up €135,459, from -€60,987 to €74,472
- Financial income -€4,452
down €4,452 (-9.7%), from €45,849 to €41,397
- Financial charges -€3,241
down €3,241 (-4.5%), from €72,713 to €69,472
- Other operating charges +€1,039
up €1,039 (+12.7%), from €8,186 to €9,225
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 | €3,451,212 | €3,255,196 | -€196,015 | -5.7% |
| Fixed assets | 21/28 | €2,128,493 | €2,076,555 | -€51,938 | -2.4% |
| Tangible fixed assets | 22/27 | €2,128,493 | €2,076,555 | -€51,938 | -2.4% |
| Land and buildings | 22 | €2,128,493 | €2,076,555 | -€51,938 | -2.4% |
| Current assets | 29/58 | €1,322,719 | €1,178,641 | -€144,078 | -10.9% |
| Amounts receivable after more than one year | 29 | €1,115,746 | €1,042,101 | -€73,645 | -6.6% |
| Other amounts receivable | 291 | €1,115,746 | €1,042,101 | -€73,645 | -6.6% |
| Amounts receivable within one year | 40/41 | €168,193 | €101,727 | -€66,467 | -39.5% |
| Trade receivables | 40 | €7,078 | €8,082 | +€1,004 | +14.2% |
| Other amounts receivable | 41 | €161,115 | €93,645 | -€67,471 | -41.9% |
| Cash at bank and in hand | 54/58 | €34,769 | €34,127 | -€642 | -1.8% |
| Deferred charges and accrued income | 490/1 | €4,011 | €686 | -€3,325 | -82.9% |
| Total equity and liabilities | 10/49 | €3,451,212 | €3,255,196 | -€196,015 | -5.7% |
| Equity | 10/15 | -€92,656 | -€107,422 | -€14,766 | -15.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,656 | -€357,422 | -€14,766 | -4.3% |
| Amounts payable | 17/49 | €3,543,867 | €3,362,618 | -€181,249 | -5.1% |
| Amounts payable after more than one year | 17 | €3,430,380 | €3,250,160 | -€180,220 | -5.3% |
| Financial debts | 170/4 | €729,040 | €673,967 | -€55,073 | -7.6% |
| Other amounts payable | 178/9 | €2,701,340 | €2,576,193 | -€125,147 | -4.6% |
| Amounts payable within one year | 42/48 | €58,634 | €59,683 | +€1,048 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €58,330 | €59,609 | +€1,278 | +2.2% |
| Trade debts | 44 | €304 | €74 | -€230 | -75.7% |
| Suppliers | 440/4 | €304 | €74 | -€230 | -75.7% |
| Accrued charges and deferred income | 492/3 | €54,853 | €52,775 | -€2,078 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,938 | €51,938 | = | 0.0% |
| Other operating charges | 640/8 | €8,186 | €9,225 | +€1,039 | +12.7% |
| Gross operating margin | 9900 | -€60,987 | €74,472 | +€135,459 | |
| Operating profit (loss) | 9901 | -€121,111 | €13,310 | +€134,421 | |
| Financial income | 75/76B | €45,849 | €41,397 | -€4,452 | -9.7% |
| Recurring financial income | 75 | €45,849 | €41,397 | -€4,452 | -9.7% |
| Financial charges | 65/66B | €72,713 | €69,472 | -€3,241 | -4.5% |
| Recurring financial charges | 65 | €72,713 | €69,472 | -€3,241 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€147,975 | -€14,766 | +€133,209 | +90.0% |
| Profit (loss) for the period | 9904 | -€147,975 | -€14,766 | +€133,209 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,975 | -€14,766 | +€133,209 | +90.0% |
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 31 October 2026 via checked.be.