COMPEX: 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.
COMPEX
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+194.2%), from €538,355 to €1.6m
of which Land and buildings: +€1.0m
- Current investments -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Cash -€22,480
down €22,480 (-12.3%), from €182,108 to €159,627
mainly Investment in fixed assets (net) (-€1.1m) and Smaller working-capital items (-€2,987)
- Receivables within one year -€18,185
down €18,185 (-55.7%), from €32,661 to €14,476
of which Other amounts receivable: -€16,862
- Reserves +€166,689
up €166,689 (+18.0%), from €927,455 to €1.1m
of which Tax-exempt reserves: +€166,689
- Profit (loss) carried forward +€102,054
up €102,054 (+77.8%), from -€131,127 to -€29,073
- Provisions +€41,672
up €41,672 (+19.2%), from €217,457 to €259,129
- Gross operating margin -€657,245
down €657,245 (-62.3%), from €1.1m to €397,660
- Depreciation -€46,387
down €46,387 (-61.0%), from €76,029 to €29,642
- Other operating charges -€24,646
down €24,646 (-47.7%), from €51,657 to €27,011
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 | €1,455,979 | €1,763,408 | +€307,428 | +21.1% |
| Fixed assets | 21/28 | €538,355 | €1,589,304 | +€1.1m | +195.2% |
| Tangible fixed assets | 22/27 | €538,355 | €1,584,054 | +€1.0m | +194.2% |
| Land and buildings | 22 | €538,355 | €1,584,054 | +€1.0m | +194.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €917,624 | €174,103 | -€743,521 | -81.0% |
| Amounts receivable within one year | 40/41 | €32,661 | €14,476 | -€18,185 | -55.7% |
| Trade receivables | 40 | €1,823 | €500 | -€1,323 | -72.6% |
| Other amounts receivable | 41 | €30,838 | €13,976 | -€16,862 | -54.7% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €182,108 | €159,627 | -€22,480 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,856 | €0 | -€2,856 | -100.0% |
| Total equity and liabilities | 10/49 | €1,455,979 | €1,763,408 | +€307,428 | +21.1% |
| Equity | 10/15 | €1,216,398 | €1,485,142 | +€268,743 | +22.1% |
| Contributions | 10/11 | €420,070 | €420,070 | = | 0.0% |
| Capital | 10 | €420,070 | €420,070 | = | 0.0% |
| Issued capital | 100 | €420,070 | €420,070 | = | 0.0% |
| Reserves | 13 | €927,455 | €1,094,144 | +€166,689 | +18.0% |
| Non-distributable reserves | 130/1 | €48,183 | €48,183 | = | 0.0% |
| Legal reserve | 130 | €48,183 | €48,183 | = | 0.0% |
| Tax-exempt reserves | 132 | €874,144 | €1,040,834 | +€166,689 | +19.1% |
| Distributable reserves | 133 | €5,128 | €5,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,127 | -€29,073 | +€102,054 | +77.8% |
| Provisions and deferred taxes | 16 | €217,457 | €259,129 | +€41,672 | +19.2% |
| Deferred taxes | 168 | €217,457 | €259,129 | +€41,672 | +19.2% |
| Amounts payable | 17/49 | €22,124 | €19,137 | -€2,987 | -13.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,124 | €19,137 | -€2,987 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,183 | €12,471 | -€711 | -5.4% |
| Suppliers | 440/4 | €13,183 | €12,471 | -€711 | -5.4% |
| Taxes, remuneration and social security | 45 | €8,341 | €6,304 | -€2,037 | -24.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €8,341 | €6,304 | -€2,037 | -24.4% |
| Other amounts payable | 47/48 | €600 | €362 | -€238 | -39.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,022,229 | €345,485 | -€676,745 | -66.2% |
| Remuneration, social security and pensions | 62 | €55,743 | €46,551 | -€9,192 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,029 | €29,642 | -€46,387 | -61.0% |
| Other operating charges | 640/8 | €51,657 | €27,011 | -€24,646 | -47.7% |
| Non-recurring operating charges | 66A | €21,400 | €0 | -€21,400 | -100.0% |
| Gross operating margin | 9900 | €1,054,905 | €397,660 | -€657,245 | -62.3% |
| Operating profit (loss) | 9901 | €850,077 | €294,457 | -€555,620 | -65.4% |
| Financial income | 75/76B | €8,968 | €17,527 | +€8,559 | +95.4% |
| Recurring financial income | 75 | €8,968 | €17,527 | +€8,559 | +95.4% |
| Financial charges | 65/66B | €6,312 | €1,568 | -€4,744 | -75.2% |
| Recurring financial charges | 65 | €6,312 | €1,568 | -€4,744 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €852,733 | €310,415 | -€542,318 | -63.6% |
| Transfer from deferred taxes | 780 | €3,561 | €8,253 | +€4,692 | +131.8% |
| Transfer to deferred taxes | 680 | €200,095 | €49,924 | -€150,171 | -75.0% |
| Profit (loss) for the period | 9904 | €656,199 | €268,743 | -€387,456 | -59.0% |
| Transfer from tax-exempt reserves | 789 | €14,243 | €33,008 | +€18,766 | +131.8% |
| Transfer to tax-exempt reserves | 689 | €800,380 | €199,698 | -€600,682 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,938 | €102,054 | +€231,992 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.