COMPASS ASSOCIATES: 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.
COMPASS ASSOCIATES
Largest movements
- Receivables within one year -€98,018
down €98,018 (-72.7%), from €134,817 to €36,799
of which Other amounts receivable: -€92,677
- Cash +€51,911
up €51,911 (+17.8%), from €292,232 to €344,143
mainly Receivables within one year (+€98,018) and Trade debts (+€13,372)
- Financial fixed assets +€11,145
up €11,145 (+437.1%), from €2,550 to €13,695
- Debts after one year -€57,153
down €57,153 (-24.7%), from €231,373 to €174,220
of which Financial debts: -€50,000
- Trade debts +€13,372
up €13,372 (+21.4%), from €62,439 to €75,812
- Profit (loss) carried forward +€13,237
up €13,237 (+16.8%), from €78,913 to €92,150
- Tax, wage and social debts -€12,034
down €12,034 (-100.0%), from €12,034 to €0
of which Taxes: -€12,034
- Other debts +€8,423
up €8,423 (+28084.4%), from €30 to €8,453
- Other operating charges +€41,380
up €41,380 (+699.4%), from €5,917 to €47,297
- Gross operating margin +€35,505
up €35,505 (+70.7%), from €50,249 to €85,754
- Depreciation -€8,473
down €8,473 (-46.9%), from €18,053 to €9,580
- Write-downs +€6,112
new in 2025: €6,112
- Staff costs -€3,345
down €3,345 (-93.5%), from €3,578 to €233
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 | €475,953 | €438,184 | -€37,769 | -7.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €44,705 | €49,431 | +€4,726 | +10.6% |
| Intangible fixed assets | 21 | €14,799 | €11,667 | -€3,132 | -21.2% |
| Tangible fixed assets | 22/27 | €27,356 | €24,069 | -€3,287 | -12.0% |
| Plant, machinery and equipment | 23 | €578 | €450 | -€128 | -22.2% |
| Furniture and vehicles | 24 | €11,490 | €11,297 | -€193 | -1.7% |
| Other tangible fixed assets | 26 | €15,289 | €12,322 | -€2,966 | -19.4% |
| Financial fixed assets | 28 | €2,550 | €13,695 | +€11,145 | +437.1% |
| Current assets | 29/58 | €431,248 | €388,753 | -€42,494 | -9.9% |
| Amounts receivable within one year | 40/41 | €134,817 | €36,799 | -€98,018 | -72.7% |
| Trade receivables | 40 | €31,843 | €26,501 | -€5,342 | -16.8% |
| Other amounts receivable | 41 | €102,975 | €10,298 | -€92,677 | -90.0% |
| Cash at bank and in hand | 54/58 | €292,232 | €344,143 | +€51,911 | +17.8% |
| Deferred charges and accrued income | 490/1 | €4,199 | €7,812 | +€3,613 | +86.1% |
| Total equity and liabilities | 10/49 | €475,953 | €438,184 | -€37,769 | -7.9% |
| Equity | 10/15 | €166,463 | €179,700 | +€13,237 | +8.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €69,000 | €69,000 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,913 | €92,150 | +€13,237 | +16.8% |
| Amounts payable | 17/49 | €309,489 | €258,484 | -€51,005 | -16.5% |
| Amounts payable after more than one year | 17 | €231,373 | €174,220 | -€57,153 | -24.7% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts payable | 178/9 | €181,373 | €174,220 | -€7,153 | -3.9% |
| Amounts payable within one year | 42/48 | €76,142 | €84,264 | +€8,123 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €1,622 | €0 | -€1,622 | -100.0% |
| Financial debts | 43 | €17 | €0 | -€17 | -100.0% |
| Credit institutions | 430/8 | €17 | €0 | -€17 | -100.0% |
| Trade debts | 44 | €62,439 | €75,812 | +€13,372 | +21.4% |
| Suppliers | 440/4 | €62,439 | €75,812 | +€13,372 | +21.4% |
| Taxes, remuneration and social security | 45 | €12,034 | €0 | -€12,034 | -100.0% |
| Taxes | 450/3 | €12,034 | €0 | -€12,034 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30 | €8,453 | +€8,423 | +28084.4% |
| Accrued charges and deferred income | 492/3 | €1,975 | €0 | -€1,975 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,578 | €233 | -€3,345 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,053 | €9,580 | -€8,473 | -46.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,112 | +€6,112 | |
| Other operating charges | 640/8 | €5,917 | €47,297 | +€41,380 | +699.4% |
| Non-recurring operating charges | 66A | €333 | €0 | -€333 | -100.0% |
| Gross operating margin | 9900 | €50,249 | €85,754 | +€35,505 | +70.7% |
| Operating profit (loss) | 9901 | €22,368 | €22,532 | +€165 | +0.7% |
| Financial income | 75/76B | €226 | €546 | +€319 | +141.1% |
| Recurring financial income | 75 | €226 | €546 | +€319 | +141.1% |
| Financial charges | 65/66B | €4,951 | €4,490 | -€461 | -9.3% |
| Recurring financial charges | 65 | €4,951 | €4,490 | -€461 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €17,643 | €18,588 | +€945 | +5.4% |
| Income taxes | 67/77 | €5,464 | €5,352 | -€113 | -2.1% |
| Profit (loss) for the period | 9904 | €12,179 | €13,237 | +€1,058 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,179 | €13,237 | +€1,058 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.