COMPASS PROJECTONTWIKKELING: 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 PROJECTONTWIKKELING
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€117,520
2024 · €82,581+€34,939
Equity
€3.0m
2024 · €2.8m+€117,520
Cash
€125,728
2024 · €84,120+€41,608
Balance sheet total
€10.7m
2024 · €9.3m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+30.9%), from €5.1m to €6.7m
of which Trade receivables: +€1.2m
- Deferred charges and accrued income -€150,544
down €150,544 (-80.6%), from €186,739 to €36,195
Equity and liabilities
- Other debts +€2.1m
up €2.1m (+92.7%), from €2.3m to €4.3m
- Short-term financial debts -€911,394
down €911,394 (-54.9%), from €1.7m to €750,000
- Trade debts +€129,498
up €129,498 (+10.3%), from €1.3m to €1.4m
- Reserves +€117,520
up €117,520 (+4.2%), from €2.8m to €2.9m
of which Distributable reserves: +€117,520
Income statement
- Gross operating margin +€83,913
up €83,913 (+8.4%), from €1.0m to €1.1m
- Staff costs +€25,246
up €25,246 (+3.3%), from €758,391 to €783,637
- Financial income -€11,554
down €11,554 (-12.2%), from €94,670 to €83,116
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
€82,581
Gross operating margin
+€83,913
Staff costs
-€25,246
Depreciation
-€67
Other operating charges
-€93
Other operating items
-€2,110
Financial income
-€11,554
Financial charges
-€3,481
Taxes
-€6,423
Result 2025
€117,520
raises the resultlowers the resultnot broken down further in the accounts
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
+€993,112
Investment
-€52,923
Financing
-€898,581
Cash 2024
€84,120
From operations (derived)
+€993,112
Net result for the year
+€117,520
Depreciation
+€74,306
Receivables after one year
+€3,743
Stocks and contracts
+€10,260
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€150,544
Trade debts
+€129,498
Tax, wage and social debts
-€14,458
Other debts
+€2.1m
Accrued charges and deferred income
+€12,632
Investment (derived)
-€52,923
Investment in fixed assets (net)
-€52,923
Financing
-€898,581
Debts after one year
+€14,100
Current portion of long-term debt
-€1,287
Short-term financial debts
-€911,394
Cash 2025
€125,728
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,295,661 | €10,731,675 | +€1.4m | +15.4% |
| Fixed assets | 21/28 | €438,968 | €417,586 | -€21,383 | -4.9% |
| Tangible fixed assets | 22/27 | €426,942 | €390,560 | -€36,383 | -8.5% |
| Land and buildings | 22 | €116,957 | €102,834 | -€14,123 | -12.1% |
| Plant, machinery and equipment | 23 | €11,217 | €9,657 | -€1,559 | -13.9% |
| Furniture and vehicles | 24 | €53,651 | €65,281 | +€11,631 | +21.7% |
| Leasing and similar rights | 25 | €12,728 | €6,147 | -€6,581 | -51.7% |
| Other tangible fixed assets | 26 | €232,390 | €206,639 | -€25,750 | -11.1% |
| Financial fixed assets | 28 | €12,026 | €27,026 | +€15,000 | +125% |
| Current assets | 29/58 | €8,856,693 | €10,314,090 | +€1.5m | +16.5% |
| Amounts receivable after more than one year | 29 | €608,948 | €605,204 | -€3,743 | -0.6% |
| Other amounts receivable | 291 | €608,948 | €605,204 | -€3,743 | -0.6% |
| Stocks and contracts in progress | 3 | €2,869,427 | €2,859,167 | -€10,260 | -0.4% |
| Stocks | 30/36 | €2,869,427 | €2,859,167 | -€10,260 | -0.4% |
| Amounts receivable within one year | 40/41 | €5,107,459 | €6,687,796 | +€1.6m | +30.9% |
| Trade receivables | 40 | €1,999,689 | €3,191,989 | +€1.2m | +59.6% |
| Other amounts receivable | 41 | €3,107,771 | €3,495,807 | +€388,036 | +12.5% |
| Cash at bank and in hand | 54/58 | €84,120 | €125,728 | +€41,608 | +49.5% |
| Deferred charges and accrued income | 490/1 | €186,739 | €36,195 | -€150,544 | -80.6% |
| Total equity and liabilities | 10/49 | €9,295,661 | €10,731,675 | +€1.4m | +15.4% |
| Equity | 10/15 | €2,847,206 | €2,964,726 | +€117,520 | +4.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,785,233 | €2,902,752 | +€117,520 | +4.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,779,035 | €2,896,555 | +€117,520 | +4.2% |
| Amounts payable | 17/49 | €6,448,455 | €7,766,950 | +€1.3m | +20.4% |
| Amounts payable after more than one year | 17 | €1,107,947 | €1,122,047 | +€14,100 | +1.3% |
| Financial debts | 170/4 | €1,107,947 | €1,122,047 | +€14,100 | +1.3% |
| Amounts payable within one year | 42/48 | €5,225,983 | €6,517,746 | +€1.3m | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €32,183 | €30,896 | -€1,287 | -4.0% |
| Financial debts | 43 | €1,661,394 | €750,000 | -€911,394 | -54.9% |
| Credit institutions | 430/8 | €1,661,394 | €750,000 | -€911,394 | -54.9% |
| Trade debts | 44 | €1,252,314 | €1,381,812 | +€129,498 | +10.3% |
| Suppliers | 440/4 | €1,252,314 | €1,381,812 | +€129,498 | +10.3% |
| Taxes, remuneration and social security | 45 | €26,706 | €12,248 | -€14,458 | -54.1% |
| Taxes | 450/3 | €26,706 | €12,248 | -€14,458 | -54.1% |
| Other amounts payable | 47/48 | €2,253,386 | €4,342,790 | +€2.1m | +92.7% |
| Accrued charges and deferred income | 492/3 | €114,524 | €127,156 | +€12,632 | +11.0% |
| Non-recurring operating income | 76A | €826 | €2,262 | +€1,436 | +174% |
| Remuneration, social security and pensions | 62 | €758,391 | €783,637 | +€25,246 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,238 | €74,306 | +€67 | +0.1% |
| Other operating charges | 640/8 | €13,639 | €13,732 | +€93 | +0.7% |
| Non-recurring operating charges | 66A | - | €2,110 | +€2,110 | |
| Gross operating margin | 9900 | €1,003,600 | €1,087,513 | +€83,913 | +8.4% |
| Operating profit (loss) | 9901 | €157,331 | €213,728 | +€56,397 | +35.8% |
| Financial income | 75/76B | €94,670 | €83,116 | -€11,554 | -12.2% |
| Recurring financial income | 75 | €94,670 | €83,116 | -€11,554 | -12.2% |
| Financial charges | 65/66B | €133,618 | €137,098 | +€3,481 | +2.6% |
| Recurring financial charges | 65 | €133,618 | €137,098 | +€3,481 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €118,384 | €159,746 | +€41,362 | +34.9% |
| Income taxes | 67/77 | €35,803 | €42,226 | +€6,423 | +17.9% |
| Profit (loss) for the period | 9904 | €82,581 | €117,520 | +€34,939 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,581 | €117,520 | +€34,939 | +42.3% |
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 17 October 2026 via checked.be.