COMPAL: what changed
Two fiscal 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.
COMPAL
Largest movements
- Current investments +€295,000
new in 2025: €295,000
- Tangible fixed assets +€136,997
up €136,997 (+20.2%), from €678,497 to €815,494
of which Land and buildings: +€152,345
- Cash -€62,246
down €62,246 (-91.7%), from €67,914 to €5,667
mainly Current investments (-€295,000) and Investment in fixed assets (net) (-€184,377)
- Receivables within one year +€19,321
up €19,321 (+129.0%), from €14,983 to €34,303
of which Other amounts receivable: +€16,882
- Reserves +€211,613
up €211,613 (+164.1%), from €128,915 to €340,527
- Other debts +€142,014
up €142,014 (+45.5%), from €312,089 to €454,103
- Provisions +€70,538
up €70,538 (+164.1%), from €42,972 to €113,509
- Profit (loss) carried forward -€37,163
down €37,163 (-23.8%), from -€155,952 to -€193,115
- Gross operating margin +€122,021
up €122,021 (+57.0%), from €213,909 to €335,931
- Financial charges +€18,620
up €18,620 (+187.6%), from €9,925 to €28,545
- Depreciation +€12,664
up €12,664 (+36.5%), from €34,716 to €47,380
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 | €768,348 | €1,157,472 | +€389,124 | +50.6% |
| Fixed assets | 21/28 | €684,167 | €821,164 | +€136,997 | +20.0% |
| Tangible fixed assets | 22/27 | €678,497 | €815,494 | +€136,997 | +20.2% |
| Land and buildings | 22 | €637,241 | €789,586 | +€152,345 | +23.9% |
| Plant, machinery and equipment | 23 | €17,780 | €14,239 | -€3,541 | -19.9% |
| Furniture and vehicles | 24 | €23,475 | €11,669 | -€11,806 | -50.3% |
| Financial fixed assets | 28 | €5,670 | €5,670 | = | 0.0% |
| Current assets | 29/58 | €84,181 | €336,308 | +€252,127 | +299.5% |
| Amounts receivable within one year | 40/41 | €14,983 | €34,303 | +€19,321 | +129.0% |
| Trade receivables | 40 | €6,164 | €8,603 | +€2,439 | +39.6% |
| Other amounts receivable | 41 | €8,818 | €25,700 | +€16,882 | +191.4% |
| Current investments | 50/53 | - | €295,000 | +€295,000 | |
| Cash at bank and in hand | 54/58 | €67,914 | €5,667 | -€62,246 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,285 | €1,338 | +€53 | +4.1% |
| Total equity and liabilities | 10/49 | €768,348 | €1,157,472 | +€389,124 | +50.6% |
| Equity | 10/15 | €383,263 | €557,712 | +€174,450 | +45.5% |
| Contributions | 10/11 | €410,300 | €410,300 | = | 0.0% |
| Capital | 10 | €410,300 | - | -€410,300 | |
| Issued capital | 100 | €410,300 | - | -€410,300 | |
| Reserves | 13 | €128,915 | €340,527 | +€211,613 | +164.1% |
| Tax-exempt reserves | 132 | €128,915 | €340,527 | +€211,613 | +164.1% |
| Profit (loss) carried forward | 14 | -€155,952 | -€193,115 | -€37,163 | -23.8% |
| Provisions and deferred taxes | 16 | €42,972 | €113,509 | +€70,538 | +164.1% |
| Deferred taxes | 168 | €42,972 | €113,509 | +€70,538 | +164.1% |
| Amounts payable | 17/49 | €342,114 | €486,251 | +€144,137 | +42.1% |
| Amounts payable after more than one year | 17 | €8,851 | €685 | -€8,166 | -92.3% |
| Trade debts | 175 | €8,851 | €685 | -€8,166 | -92.3% |
| Amounts payable within one year | 42/48 | €329,333 | €482,583 | +€153,251 | +46.5% |
| Financial debts | 43 | €8,079 | €8,166 | +€88 | +1.1% |
| Credit institutions | 430/8 | €8,079 | €8,166 | +€88 | +1.1% |
| Trade debts | 44 | €6,304 | €333 | -€5,971 | -94.7% |
| Suppliers | 440/4 | €6,304 | €333 | -€5,971 | -94.7% |
| Advances received on contracts in progress | 46 | - | €10,213 | +€10,213 | |
| Taxes, remuneration and social security | 45 | €2,861 | €9,768 | +€6,907 | +241.4% |
| Taxes | 450/3 | €2,861 | €9,768 | +€6,907 | +241.4% |
| Other amounts payable | 47/48 | €312,089 | €454,103 | +€142,014 | +45.5% |
| Accrued charges and deferred income | 492/3 | €3,930 | €2,983 | -€947 | -24.1% |
| Non-recurring operating income | 76A | €174,943 | €292,482 | +€117,539 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,716 | €47,380 | +€12,664 | +36.5% |
| Other operating charges | 640/8 | €15,070 | €14,843 | -€227 | -1.5% |
| Gross operating margin | 9900 | €213,909 | €335,931 | +€122,021 | +57.0% |
| Operating profit (loss) | 9901 | €164,124 | €273,708 | +€109,584 | +66.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +9900.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +9900.0% |
| Financial charges | 65/66B | €9,925 | €28,545 | +€18,620 | +187.6% |
| Recurring financial charges | 65 | €9,925 | €28,545 | +€18,620 | +187.6% |
| Profit (loss) for the period before taxes | 9903 | €154,199 | €245,164 | +€90,966 | +59.0% |
| Transfer from deferred taxes | 780 | €343 | €2,583 | +€2,240 | +652.4% |
| Transfer to deferred taxes | 680 | €43,315 | €73,121 | +€29,806 | +68.8% |
| Income taxes | 67/77 | €209 | €177 | -€32 | -15.3% |
| Profit (loss) for the period | 9904 | €111,018 | €174,450 | +€63,432 | +57.1% |
| Transfer from tax-exempt reserves | 789 | €1,030 | €7,749 | +€6,719 | +652.4% |
| Transfer to tax-exempt reserves | 689 | €129,945 | €219,362 | +€89,417 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,897 | -€37,163 | -€19,266 | -107.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.