Compleo: 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.
Compleo
Largest movements
- Receivables within one year +€88,799
up €88,799 (+27.1%), from €328,175 to €416,973
of which Trade receivables: +€86,830
- Cash +€28,408
up €28,408 (+22.7%), from €124,885 to €153,292
mainly Trade debts (+€124,895) and Net result for the year (+€42,435)
- Tangible fixed assets -€21,810
down €21,810 (-26.8%), from €81,514 to €59,704
of which Furniture and vehicles: -€19,172
- Trade debts +€124,895
up €124,895 (+69.8%), from €179,002 to €303,897
- Other debts -€22,738
down €22,738 (-12.0%), from €189,196 to €166,458
- Staff costs -€73,814
down €73,814 (-19.9%), from €371,725 to €297,911
- Gross operating margin -€66,708
down €66,708 (-14.8%), from €451,121 to €384,413
- Financial income +€7,163
up €7,163 (+4548.5%), from €157 to €7,320
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 | €603,847 | €699,824 | +€95,977 | +15.9% |
| Fixed assets | 21/28 | €86,799 | €64,989 | -€21,810 | -25.1% |
| Tangible fixed assets | 22/27 | €81,514 | €59,704 | -€21,810 | -26.8% |
| Plant, machinery and equipment | 23 | €5,919 | €3,038 | -€2,881 | -48.7% |
| Furniture and vehicles | 24 | €69,213 | €50,041 | -€19,172 | -27.7% |
| Other tangible fixed assets | 26 | €6,382 | €5,740 | -€642 | -10.1% |
| Assets under construction and advance payments | 27 | - | €885 | +€885 | |
| Financial fixed assets | 28 | €5,284 | €5,284 | = | 0.0% |
| Current assets | 29/58 | €517,049 | €634,835 | +€117,787 | +22.8% |
| Stocks and contracts in progress | 3 | €53,471 | €53,333 | -€138 | -0.3% |
| Stocks | 30/36 | €53,471 | €53,333 | -€138 | -0.3% |
| Amounts receivable within one year | 40/41 | €328,175 | €416,973 | +€88,799 | +27.1% |
| Trade receivables | 40 | €268,871 | €355,700 | +€86,830 | +32.3% |
| Other amounts receivable | 41 | €59,304 | €61,273 | +€1,969 | +3.3% |
| Cash at bank and in hand | 54/58 | €124,885 | €153,292 | +€28,408 | +22.7% |
| Deferred charges and accrued income | 490/1 | €10,518 | €11,236 | +€718 | +6.8% |
| Total equity and liabilities | 10/49 | €603,847 | €699,824 | +€95,977 | +15.9% |
| Equity | 10/15 | €118,961 | €119,396 | +€435 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,260 | €99,260 | = | 0.0% |
| Distributable reserves | 133 | €99,260 | €99,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,101 | €1,536 | +€435 | +39.5% |
| Amounts payable | 17/49 | €484,886 | €580,428 | +€95,542 | +19.7% |
| Amounts payable after more than one year | 17 | €25,181 | €18,321 | -€6,860 | -27.2% |
| Financial debts | 170/4 | €25,181 | €18,321 | -€6,860 | -27.2% |
| Amounts payable within one year | 42/48 | €459,705 | €562,107 | +€102,402 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €27,366 | €28,888 | +€1,522 | +5.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €179,002 | €303,897 | +€124,895 | +69.8% |
| Suppliers | 440/4 | €179,002 | €303,897 | +€124,895 | +69.8% |
| Taxes, remuneration and social security | 45 | €14,141 | €12,864 | -€1,277 | -9.0% |
| Taxes | 450/3 | €5,501 | €4,129 | -€1,373 | -25.0% |
| Remuneration and social security | 454/9 | €8,639 | €8,735 | +€96 | +1.1% |
| Other amounts payable | 47/48 | €189,196 | €166,458 | -€22,738 | -12.0% |
| Remuneration, social security and pensions | 62 | €371,725 | €297,911 | -€73,814 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,648 | €23,429 | +€3,781 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€725 | - | +€725 | |
| Other operating charges | 640/8 | €4,472 | €3,267 | -€1,204 | -26.9% |
| Gross operating margin | 9900 | €451,121 | €384,413 | -€66,708 | -14.8% |
| Operating profit (loss) | 9901 | €56,002 | €59,807 | +€3,805 | +6.8% |
| Financial income | 75/76B | €157 | €7,320 | +€7,163 | +4548.5% |
| Recurring financial income | 75 | €157 | €7,320 | +€7,163 | +4548.5% |
| Financial charges | 65/66B | €7,798 | €6,953 | -€845 | -10.8% |
| Recurring financial charges | 65 | €7,798 | €6,953 | -€845 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €48,361 | €60,174 | +€11,813 | +24.4% |
| Income taxes | 67/77 | €13,844 | €17,740 | +€3,895 | +28.1% |
| Profit (loss) for the period | 9904 | €34,517 | €42,435 | +€7,918 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,517 | €42,435 | +€7,918 | +22.9% |
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 30 September 2026 via checked.be.