Compagnon: what changed
Compagnon
Largest movements
- Receivables within one year -€25,600
down €25,600 (-69.8%), from €36,695 to €11,095
- Cash +€13,852
up €13,852 (+325%), from €4,264 to €18,116
mainly Receivables within one year (+€25,600) and Net result for the year (+€3,305)
- Deferred charges and accrued income -€2,642
down €2,642 (-84.3%), from €3,134 to €492
- Tangible fixed assets +€2,596
up €2,596 (+67.4%), from €3,851 to €6,447
of which Furniture and vehicles: +€6,447
- Tax, wage and social debts -€17,766
down €17,766 (-56.5%), from €31,426 to €13,661
of which Remuneration and social security: -€19,330
- Trade debts +€2,574
up €2,574 (+28.3%), from €9,090 to €11,664
- Profit (loss) carried forward +€2,424
up €2,424, from -€2,424 to €0
- Reserves +€881
new in 2025: €881
- Staff costs -€61,406
down €61,406 (-74.0%), from €82,958 to €21,552
- Gross operating margin -€48,049
down €48,049 (-61.5%), from €78,114 to €30,066
- Taxes +€1,601
new in 2025: €1,601
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,978 | €37,185 | -€11,794 | -24.1% |
| Fixed assets | 21/28 | €4,886 | €7,482 | +€2,596 | +53.1% |
| Tangible fixed assets | 22/27 | €3,851 | €6,447 | +€2,596 | +67.4% |
| Plant, machinery and equipment | 23 | €3,851 | €0 | -€3,851 | -100% |
| Furniture and vehicles | 24 | - | €6,447 | +€6,447 | |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €44,092 | €29,703 | -€14,390 | -32.6% |
| Amounts receivable within one year | 40/41 | €36,695 | €11,095 | -€25,600 | -69.8% |
| Trade receivables | 40 | €36,695 | €11,095 | -€25,600 | -69.8% |
| Cash at bank and in hand | 54/58 | €4,264 | €18,116 | +€13,852 | +325% |
| Deferred charges and accrued income | 490/1 | €3,134 | €492 | -€2,642 | -84.3% |
| Total equity and liabilities | 10/49 | €48,978 | €37,185 | -€11,794 | -24.1% |
| Equity | 10/15 | €576 | €3,881 | +€3,305 | +574% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €881 | +€881 | |
| Distributable reserves | 133 | - | €881 | +€881 | |
| Profit (loss) carried forward | 14 | -€2,424 | €0 | +€2,424 | |
| Amounts payable | 17/49 | €48,402 | €33,304 | -€15,099 | -31.2% |
| Amounts payable within one year | 42/48 | €48,402 | €32,828 | -€15,575 | -32.2% |
| Trade debts | 44 | €9,090 | €11,664 | +€2,574 | +28.3% |
| Suppliers | 440/4 | €9,090 | €11,664 | +€2,574 | +28.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €31,426 | €13,661 | -€17,766 | -56.5% |
| Taxes | 450/3 | €7,343 | €8,907 | +€1,565 | +21.3% |
| Remuneration and social security | 454/9 | €24,083 | €4,753 | -€19,330 | -80.3% |
| Other amounts payable | 47/48 | €7,886 | €7,503 | -€383 | -4.9% |
| Accrued charges and deferred income | 492/3 | - | €476 | +€476 | |
| Remuneration, social security and pensions | 62 | €82,958 | €21,552 | -€61,406 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €1,050 | -€227 | -17.8% |
| Other operating charges | 640/8 | €481 | €395 | -€86 | -17.8% |
| Non-recurring operating charges | 66A | - | €2,354 | +€2,354 | |
| Gross operating margin | 9900 | €78,114 | €30,066 | -€48,049 | -61.5% |
| Operating profit (loss) | 9901 | -€6,601 | €4,714 | +€11,315 | |
| Financial income | 75/76B | €778 | €897 | +€118 | +15.2% |
| Recurring financial income | 75 | €778 | €897 | +€118 | +15.2% |
| Financial charges | 65/66B | €1,451 | €705 | -€746 | -51.4% |
| Recurring financial charges | 65 | €1,451 | €705 | -€746 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,274 | €4,906 | +€12,180 | |
| Income taxes | 67/77 | - | €1,601 | +€1,601 | |
| Profit (loss) for the period | 9904 | -€7,274 | €3,305 | +€10,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,274 | €3,305 | +€10,579 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.