Compass West: 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.
Compass West
Largest movements
- Cash +€105,025
up €105,025 (+425.7%), from €24,670 to €129,695
mainly Current investments (+€100,000) and Net result for the year (+€22,628)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€12,636
down €12,636 (-20.7%), from €60,932 to €48,295
of which Furniture and vehicles: -€11,766
- Receivables within one year -€2,929
down €2,929 (-43.9%), from €6,674 to €3,745
of which Trade receivables: -€3,082
- Tax, wage and social debts -€33,206
down €33,206 (-77.0%), from €43,148 to €9,942
of which Taxes: -€33,206
- Reserves +€22,628
up €22,628 (+15.6%), from €144,963 to €167,591
- Gross operating margin -€147,136
down €147,136 (-76.7%), from €191,904 to €44,769
- Taxes -€33,117
down €33,117 (-79.2%), from €41,832 to €8,715
- Depreciation +€7,341
up €7,341 (+110.9%), from €6,620 to €13,961
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 | €193,154 | €182,572 | -€10,582 | -5.5% |
| Fixed assets | 21/28 | €60,932 | €48,295 | -€12,636 | -20.7% |
| Tangible fixed assets | 22/27 | €60,932 | €48,295 | -€12,636 | -20.7% |
| Plant, machinery and equipment | 23 | €2,369 | €1,499 | -€870 | -36.7% |
| Furniture and vehicles | 24 | €58,563 | €46,797 | -€11,766 | -20.1% |
| Current assets | 29/58 | €132,222 | €134,277 | +€2,055 | +1.6% |
| Amounts receivable within one year | 40/41 | €6,674 | €3,745 | -€2,929 | -43.9% |
| Trade receivables | 40 | €6,674 | €3,592 | -€3,082 | -46.2% |
| Other amounts receivable | 41 | - | €153 | +€153 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €24,670 | €129,695 | +€105,025 | +425.7% |
| Deferred charges and accrued income | 490/1 | €878 | €837 | -€41 | -4.7% |
| Total equity and liabilities | 10/49 | €193,154 | €182,572 | -€10,582 | -5.5% |
| Equity | 10/15 | €149,963 | €172,591 | +€22,628 | +15.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €144,963 | €167,591 | +€22,628 | +15.6% |
| Distributable reserves | 133 | €144,963 | €167,591 | +€22,628 | +15.6% |
| Amounts payable | 17/49 | €43,191 | €9,981 | -€33,210 | -76.9% |
| Amounts payable within one year | 42/48 | €43,190 | €9,981 | -€33,210 | -76.9% |
| Trade debts | 44 | €42 | €39 | -€3 | -7.3% |
| Suppliers | 440/4 | €42 | €39 | -€3 | -7.3% |
| Taxes, remuneration and social security | 45 | €43,148 | €9,942 | -€33,206 | -77.0% |
| Taxes | 450/3 | €41,678 | €8,472 | -€33,206 | -79.7% |
| Remuneration and social security | 454/9 | €1,470 | €1,470 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,620 | €13,961 | +€7,341 | +110.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €191,904 | €44,769 | -€147,136 | -76.7% |
| Operating profit (loss) | 9901 | €185,166 | €30,687 | -€154,479 | -83.4% |
| Financial income | 75/76B | €1,629 | €809 | -€820 | -50.3% |
| Recurring financial income | 75 | €1,629 | €809 | -€820 | -50.3% |
| Financial charges | 65/66B | €0 | €154 | +€154 | +96243.8% |
| Recurring financial charges | 65 | €0 | €154 | +€154 | +96243.8% |
| Profit (loss) for the period before taxes | 9903 | €186,795 | €31,343 | -€155,452 | -83.2% |
| Income taxes | 67/77 | €41,832 | €8,715 | -€33,117 | -79.2% |
| Profit (loss) for the period | 9904 | €144,963 | €22,628 | -€122,335 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,963 | €22,628 | -€122,335 | -84.4% |
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 9 October 2026 via checked.be.