Compagno: 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.
Compagno
Largest movements
- Tangible fixed assets -€36,782
down €36,782 (-7.8%), from €470,802 to €434,021
of which Furniture and vehicles: -€27,053
- Stocks and contracts -€25,000
down €25,000 (-23.0%), from €108,881 to €83,881
- Receivables within one year -€13,900
down €13,900 (-11.6%), from €119,493 to €105,593
of which Trade receivables: -€20,716
- Trade debts -€24,426
down €24,426 (-42.9%), from €56,924 to €32,498
- Short-term financial debts -€17,053
down €17,053 (-72.9%), from €23,389 to €6,336
of which Other loans: -€15,000
- Debts after one year -€15,051
down €15,051 (-7.3%), from €206,026 to €190,975
- Advances received -€9,071
no longer reported in 2025 (was €9,071)
- Other debts -€8,302
down €8,302 (-7.0%), from €118,251 to €109,949
- Depreciation -€6,267
down €6,267 (-15.2%), from €41,208 to €34,941
- Financial charges -€2,209
down €2,209 (-26.4%), from €8,374 to €6,165
- Gross operating margin -€1,806
down €1,806 (-3.4%), from €52,649 to €50,843
- Taxes +€1,000
new in 2025: €1,000
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 | €703,167 | €624,360 | -€78,807 | -11.2% |
| Fixed assets | 21/28 | €470,802 | €434,021 | -€36,782 | -7.8% |
| Tangible fixed assets | 22/27 | €470,802 | €434,021 | -€36,782 | -7.8% |
| Land and buildings | 22 | €305,377 | €302,099 | -€3,278 | -1.1% |
| Plant, machinery and equipment | 23 | €107,786 | €101,334 | -€6,451 | -6.0% |
| Furniture and vehicles | 24 | €57,640 | €30,588 | -€27,053 | -46.9% |
| Current assets | 29/58 | €232,365 | €190,339 | -€42,026 | -18.1% |
| Stocks and contracts in progress | 3 | €108,881 | €83,881 | -€25,000 | -23.0% |
| Stocks | 30/36 | €108,881 | €83,881 | -€25,000 | -23.0% |
| Amounts receivable within one year | 40/41 | €119,493 | €105,593 | -€13,900 | -11.6% |
| Trade receivables | 40 | €92,308 | €71,593 | -€20,716 | -22.4% |
| Other amounts receivable | 41 | €27,184 | €34,000 | +€6,816 | +25.1% |
| Cash at bank and in hand | 54/58 | €3,991 | €865 | -€3,126 | -78.3% |
| Total equity and liabilities | 10/49 | €703,167 | €624,360 | -€78,807 | -11.2% |
| Equity | 10/15 | €260,808 | €267,753 | +€6,946 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,208 | €249,153 | +€6,946 | +2.9% |
| Distributable reserves | 133 | €242,208 | €249,153 | +€6,946 | +2.9% |
| Amounts payable | 17/49 | €442,359 | €356,606 | -€85,753 | -19.4% |
| Amounts payable after more than one year | 17 | €206,026 | €190,975 | -€15,051 | -7.3% |
| Financial debts | 170/4 | €206,026 | €190,975 | -€15,051 | -7.3% |
| Amounts payable within one year | 42/48 | €236,333 | €165,505 | -€70,828 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €21,936 | €15,051 | -€6,885 | -31.4% |
| Financial debts | 43 | €23,389 | €6,336 | -€17,053 | -72.9% |
| Credit institutions | 430/8 | €8,389 | €6,336 | -€2,053 | -24.5% |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €56,924 | €32,498 | -€24,426 | -42.9% |
| Suppliers | 440/4 | €56,924 | €32,498 | -€24,426 | -42.9% |
| Advances received on contracts in progress | 46 | €9,071 | - | -€9,071 | |
| Taxes, remuneration and social security | 45 | €6,763 | €1,672 | -€5,091 | -75.3% |
| Taxes | 450/3 | €6,763 | €1,672 | -€5,091 | -75.3% |
| Other amounts payable | 47/48 | €118,251 | €109,949 | -€8,302 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €126 | +€126 | |
| Non-recurring operating income | 76A | - | €20,118 | +€20,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,208 | €34,941 | -€6,267 | -15.2% |
| Other operating charges | 640/8 | €1,758 | €1,792 | +€33 | +1.9% |
| Gross operating margin | 9900 | €52,649 | €50,843 | -€1,806 | -3.4% |
| Operating profit (loss) | 9901 | €9,683 | €14,110 | +€4,427 | +45.7% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €8,374 | €6,165 | -€2,209 | -26.4% |
| Recurring financial charges | 65 | €8,374 | €6,165 | -€2,209 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €1,324 | €7,945 | +€6,621 | +499.9% |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | €1,324 | €6,946 | +€5,621 | +424.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,324 | €6,946 | +€5,621 | +424.4% |
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 9 October 2026 via checked.be.