Compas B: 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.
Compas B
Largest movements
- Receivables within one year -€34,517
down €34,517 (-91.2%), from €37,861 to €3,344
of which Trade receivables: -€35,301
- Tangible fixed assets +€33,572
up €33,572 (+330.6%), from €10,156 to €43,728
of which Leasing and similar rights: +€36,199
- Cash -€2,404
down €2,404 (-13.6%), from €17,689 to €15,285
mainly Contributions, distributions and other (-€58,824) and Investment in fixed assets (net) (-€41,615)
- Deferred charges and accrued income +€1,140
up €1,140 (+41.3%), from €2,760 to €3,900
- Debts after one year +€16,599
new in 2025: €16,599
- Tax, wage and social debts -€11,397
down €11,397 (-68.8%), from €16,557 to €5,160
- Reserves -€10,639
down €10,639 (-13.9%), from €76,343 to €65,704
- Current portion of long-term debt +€6,003
new in 2025: €6,003
- Trade debts -€2,350
down €2,350 (-89.0%), from €2,639 to €290
- Gross operating margin +€23,355
up €23,355 (+49.4%), from €47,320 to €70,676
- Depreciation +€6,432
up €6,432 (+399.4%), from €1,611 to €8,043
- Taxes +€1,224
up €1,224 (+11.0%), from €11,136 to €12,360
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 | €98,466 | €96,256 | -€2,210 | -2.2% |
| Fixed assets | 21/28 | €40,156 | €73,728 | +€33,572 | +83.6% |
| Tangible fixed assets | 22/27 | €10,156 | €43,728 | +€33,572 | +330.6% |
| Plant, machinery and equipment | 23 | €2,093 | €1,493 | -€600 | -28.7% |
| Furniture and vehicles | 24 | €4,121 | €2,728 | -€1,393 | -33.8% |
| Leasing and similar rights | 25 | - | €36,199 | +€36,199 | |
| Other tangible fixed assets | 26 | €3,942 | €3,307 | -€634 | -16.1% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €58,310 | €22,528 | -€35,782 | -61.4% |
| Amounts receivable within one year | 40/41 | €37,861 | €3,344 | -€34,517 | -91.2% |
| Trade receivables | 40 | €37,861 | €2,560 | -€35,301 | -93.2% |
| Other amounts receivable | 41 | - | €784 | +€784 | |
| Cash at bank and in hand | 54/58 | €17,689 | €15,285 | -€2,404 | -13.6% |
| Deferred charges and accrued income | 490/1 | €2,760 | €3,900 | +€1,140 | +41.3% |
| Total equity and liabilities | 10/49 | €98,466 | €96,256 | -€2,210 | -2.2% |
| Equity | 10/15 | €78,843 | €68,204 | -€10,639 | -13.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,343 | €65,704 | -€10,639 | -13.9% |
| Distributable reserves | 133 | €76,343 | €65,704 | -€10,639 | -13.9% |
| Amounts payable | 17/49 | €19,622 | €28,052 | +€8,430 | +43.0% |
| Amounts payable after more than one year | 17 | - | €16,599 | +€16,599 | |
| Financial debts | 170/4 | - | €16,599 | +€16,599 | |
| Amounts payable within one year | 42/48 | €19,622 | €11,453 | -€8,169 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,003 | +€6,003 | |
| Trade debts | 44 | €2,639 | €290 | -€2,350 | -89.0% |
| Suppliers | 440/4 | €2,639 | €290 | -€2,350 | -89.0% |
| Taxes, remuneration and social security | 45 | €16,557 | €5,160 | -€11,397 | -68.8% |
| Taxes | 450/3 | €16,557 | €5,160 | -€11,397 | -68.8% |
| Other amounts payable | 47/48 | €426 | - | -€426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,611 | €8,043 | +€6,432 | +399.4% |
| Other operating charges | 640/8 | €193 | €440 | +€247 | +128.0% |
| Gross operating margin | 9900 | €47,320 | €70,676 | +€23,355 | +49.4% |
| Operating profit (loss) | 9901 | €45,517 | €62,192 | +€16,676 | +36.6% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €1,091 | €1,715 | +€624 | +57.2% |
| Recurring financial charges | 65 | €1,091 | €1,715 | +€624 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €44,425 | €60,544 | +€16,118 | +36.3% |
| Income taxes | 67/77 | €11,136 | €12,360 | +€1,224 | +11.0% |
| Profit (loss) for the period | 9904 | €33,290 | €48,184 | +€14,894 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,290 | €48,184 | +€14,894 | +44.7% |
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 12 October 2026 via checked.be.