COMPASS: 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.
What changed
COMPASS
NACE 79.110, Travel agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17,670
2024 · €71,659-€89,329
Equity
€128,888
2024 · €146,558-€17,670
Cash
€131,857
2024 · €124,579+€7,278
Balance sheet total
€759,919
2024 · €798,876-€38,957
Largest movements
Assets
- Receivables within one year -€67,462
down €67,462 (-46.8%), from €144,277 to €76,815
of which Trade receivables: -€67,637
- Stocks and contracts +€59,917
up €59,917 (+76.5%), from €78,369 to €138,286
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
Equity and liabilities
- Advances received -€37,695
no longer reported in 2025 (was €37,695)
- Trade debts +€34,923
up €34,923 (+36.8%), from €94,975 to €129,898
- Profit (loss) carried forward -€17,670
down €17,670 (-61.1%), from €28,928 to €11,258
- Tax, wage and social debts -€10,381
down €10,381 (-68.5%), from €15,146 to €4,765
of which Remuneration and social security: -€8,992
Income statement
- Gross operating margin -€122,817
down €122,817 (-58.9%), from €208,656 to €85,839
- Staff costs -€34,309
down €34,309 (-31.5%), from €108,802 to €74,493
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.
Result 2024
€71,659
Gross operating margin
-€122,817
Staff costs
+€34,309
Depreciation
+€820
Other operating charges
+€1,251
Financial income
-€1,653
Financial charges
-€1,651
Taxes
+€412
Result 2025
-€17,670
raises the resultlowers the result
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.
From operations
+€15,412
Investment
€0
Financing
-€8,134
Cash 2024
€124,579
From operations (derived)
+€15,412
Net result for the year
-€17,670
Depreciation
+€2,001
Receivables after one year
+€40,000
Stocks and contracts
-€59,917
Receivables within one year
+€67,462
Deferred charges and accrued income
-€3,311
Trade debts
+€34,923
Tax, wage and social debts
-€10,381
Advances received
-€37,695
Financing
-€8,134
Debts after one year
-€3,806
Current portion of long-term debt
-€4,328
Cash 2025
€131,857
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,876 | €759,919 | -€38,957 | -4.9% |
| Fixed assets | 21/28 | €411,651 | €409,650 | -€2,001 | -0.5% |
| Tangible fixed assets | 22/27 | €396,991 | €394,990 | -€2,001 | -0.5% |
| Land and buildings | 22 | €368,959 | €368,807 | -€152 | 0.0% |
| Plant, machinery and equipment | 23 | €7,000 | €7,000 | = | 0.0% |
| Furniture and vehicles | 24 | €21,032 | €19,183 | -€1,849 | -8.8% |
| Financial fixed assets | 28 | €14,660 | €14,660 | = | 0.0% |
| Current assets | 29/58 | €387,225 | €350,269 | -€36,956 | -9.5% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Stocks and contracts in progress | 3 | €78,369 | €138,286 | +€59,917 | +76.5% |
| Stocks | 30/36 | €78,369 | €138,286 | +€59,917 | +76.5% |
| Amounts receivable within one year | 40/41 | €144,277 | €76,815 | -€67,462 | -46.8% |
| Trade receivables | 40 | €134,122 | €66,485 | -€67,637 | -50.4% |
| Other amounts receivable | 41 | €10,155 | €10,330 | +€175 | +1.7% |
| Cash at bank and in hand | 54/58 | €124,579 | €131,857 | +€7,278 | +5.8% |
| Deferred charges and accrued income | 490/1 | - | €3,311 | +€3,311 | |
| Total equity and liabilities | 10/49 | €798,876 | €759,919 | -€38,957 | -4.9% |
| Equity | 10/15 | €146,558 | €128,888 | -€17,670 | -12.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €55,630 | €55,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €268 | €268 | = | 0.0% |
| Distributable reserves | 133 | €49,162 | €49,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,928 | €11,258 | -€17,670 | -61.1% |
| Amounts payable | 17/49 | €652,318 | €631,031 | -€21,287 | -3.3% |
| Amounts payable after more than one year | 17 | €456,368 | €452,562 | -€3,806 | -0.8% |
| Financial debts | 170/4 | €456,368 | €452,562 | -€3,806 | -0.8% |
| Amounts payable within one year | 42/48 | €195,950 | €178,469 | -€17,481 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €23,134 | €18,806 | -€4,328 | -18.7% |
| Trade debts | 44 | €94,975 | €129,898 | +€34,923 | +36.8% |
| Suppliers | 440/4 | €94,975 | €129,898 | +€34,923 | +36.8% |
| Advances received on contracts in progress | 46 | €37,695 | - | -€37,695 | |
| Taxes, remuneration and social security | 45 | €15,146 | €4,765 | -€10,381 | -68.5% |
| Taxes | 450/3 | €2,205 | €816 | -€1,389 | -63.0% |
| Remuneration and social security | 454/9 | €12,941 | €3,949 | -€8,992 | -69.5% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €108,802 | €74,493 | -€34,309 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,821 | €2,001 | -€820 | -29.1% |
| Other operating charges | 640/8 | €5,033 | €3,782 | -€1,251 | -24.9% |
| Gross operating margin | 9900 | €208,656 | €85,839 | -€122,817 | -58.9% |
| Operating profit (loss) | 9901 | €92,000 | €5,563 | -€86,437 | -94.0% |
| Financial income | 75/76B | €1,654 | €1 | -€1,653 | -99.9% |
| Recurring financial income | 75 | €1,654 | €1 | -€1,653 | -99.9% |
| Financial charges | 65/66B | €21,583 | €23,234 | +€1,651 | +7.6% |
| Recurring financial charges | 65 | €21,583 | €23,234 | +€1,651 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €72,071 | -€17,670 | -€89,741 | |
| Income taxes | 67/77 | €412 | - | -€412 | |
| Profit (loss) for the period | 9904 | €71,659 | -€17,670 | -€89,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,659 | -€17,670 | -€89,329 |
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 14 October 2026 via checked.be.