COMPETEND: 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.
COMPETEND
Largest movements
- Tangible fixed assets -€38,259
down €38,259 (-2.9%), from €1.3m to €1.3m
of which Land and buildings: -€36,580
- Receivables within one year -€14,209
down €14,209 (-33.9%), from €41,958 to €27,749
of which Other amounts receivable: -€10,276
- Debts after one year -€64,890
down €64,890 (-7.5%), from €865,264 to €800,373
- Reserves +€46,356
up €46,356 (+11.7%), from €396,461 to €442,818
of which Distributable reserves: +€46,356
- Other debts -€16,637
down €16,637 (-70.6%), from €23,578 to €6,941
- Gross operating margin +€98,801
up €98,801 (+194.6%), from €50,772 to €149,573
- Taxes +€10,870
up €10,870 (+2631.6%), from €413 to €11,283
- Financial charges -€3,511
down €3,511 (-6.9%), from €50,567 to €47,056
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 | €1,373,888 | €1,333,124 | -€40,765 | -3.0% |
| Fixed assets | 21/28 | €1,326,561 | €1,288,302 | -€38,259 | -2.9% |
| Tangible fixed assets | 22/27 | €1,326,561 | €1,288,302 | -€38,259 | -2.9% |
| Land and buildings | 22 | €1,313,412 | €1,276,832 | -€36,580 | -2.8% |
| Plant, machinery and equipment | 23 | - | €2,933 | +€2,933 | |
| Furniture and vehicles | 24 | €13,149 | €8,537 | -€4,612 | -35.1% |
| Current assets | 29/58 | €47,328 | €44,822 | -€2,506 | -5.3% |
| Amounts receivable within one year | 40/41 | €41,958 | €27,749 | -€14,209 | -33.9% |
| Trade receivables | 40 | €26,923 | €22,990 | -€3,933 | -14.6% |
| Other amounts receivable | 41 | €15,036 | €4,759 | -€10,276 | -68.3% |
| Cash at bank and in hand | 54/58 | €1,205 | €11,932 | +€10,728 | +890.6% |
| Deferred charges and accrued income | 490/1 | €4,165 | €5,140 | +€975 | +23.4% |
| Total equity and liabilities | 10/49 | €1,373,888 | €1,333,124 | -€40,765 | -3.0% |
| Equity | 10/15 | €404,697 | €451,053 | +€46,356 | +11.5% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €396,461 | €442,818 | +€46,356 | +11.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €396,461 | €442,818 | +€46,356 | +11.7% |
| Profit (loss) carried forward | 14 | -€25,364 | -€25,364 | = | 0.0% |
| Amounts payable | 17/49 | €969,192 | €882,070 | -€87,121 | -9.0% |
| Amounts payable after more than one year | 17 | €865,264 | €800,373 | -€64,890 | -7.5% |
| Financial debts | 170/4 | €865,264 | €800,373 | -€64,890 | -7.5% |
| Amounts payable within one year | 42/48 | €103,298 | €81,697 | -€21,601 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €63,045 | €64,694 | +€1,649 | +2.6% |
| Financial debts | 43 | - | €42 | +€42 | |
| Credit institutions | 430/8 | - | €42 | +€42 | |
| Trade debts | 44 | €888 | €427 | -€460 | -51.9% |
| Suppliers | 440/4 | €888 | €427 | -€460 | -51.9% |
| Taxes, remuneration and social security | 45 | €15,788 | €9,593 | -€6,194 | -39.2% |
| Taxes | 450/3 | €15,788 | €9,593 | -€6,194 | -39.2% |
| Other amounts payable | 47/48 | €23,578 | €6,941 | -€16,637 | -70.6% |
| Accrued charges and deferred income | 492/3 | €630 | €0 | -€630 | -100.0% |
| Non-recurring operating income | 76A | €5,682 | €0 | -€5,682 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,423 | €41,249 | -€1,174 | -2.8% |
| Other operating charges | 640/8 | €4,033 | €3,628 | -€404 | -10.0% |
| Gross operating margin | 9900 | €50,772 | €149,573 | +€98,801 | +194.6% |
| Operating profit (loss) | 9901 | €4,317 | €104,696 | +€100,379 | +2325.2% |
| Financial income | 75/76B | €106 | €0 | -€105 | -99.9% |
| Recurring financial income | 75 | €106 | €0 | -€105 | -99.9% |
| Financial charges | 65/66B | €50,567 | €47,056 | -€3,511 | -6.9% |
| Recurring financial charges | 65 | €50,567 | €47,056 | -€3,511 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,145 | €57,640 | +€103,784 | |
| Income taxes | 67/77 | €413 | €11,283 | +€10,870 | +2631.6% |
| Profit (loss) for the period | 9904 | -€46,558 | €46,356 | +€92,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,558 | €46,356 | +€92,914 |
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 6 October 2026 via checked.be.