COMPULED: 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.
COMPULED
Largest movements
- Cash +€2,787
up €2,787 (+49.7%), from €5,606 to €8,393
mainly Net result for the year (+€4,670) and Trade debts (+€3,603)
- Stocks and contracts -€2,308
down €2,308 (-12.7%), from €18,202 to €15,894
- Deferred charges and accrued income -€2,159
no longer reported in 2025 (was €2,159)
- Short-term financial debts -€8,081
no longer reported in 2025 (was €8,081)
- Reserves +€4,670
up €4,670 (+11.8%), from €39,427 to €44,097
of which Distributable reserves: +€4,670
- Trade debts +€3,603
up €3,603 (+25.0%), from €14,428 to €18,031
- Tax, wage and social debts -€2,923
down €2,923 (-20.1%), from €14,509 to €11,586
of which Remuneration and social security: -€1,912
- Gross operating margin +€10,889
up €10,889 (+24.3%), from €44,879 to €55,768
- Staff costs +€2,834
up €2,834 (+6.7%), from €42,091 to €44,924
- Depreciation -€2,622
down €2,622 (-51.9%), from €5,052 to €2,430
- Taxes +€1,423
up €1,423, from €0 to €1,423
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 | €95,046 | €92,314 | -€2,731 | -2.9% |
| Fixed assets | 21/28 | €4,937 | €4,711 | -€226 | -4.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,937 | €4,711 | -€226 | -4.6% |
| Plant, machinery and equipment | 23 | €1,643 | €1,670 | +€27 | +1.6% |
| Furniture and vehicles | 24 | €3,294 | €3,042 | -€253 | -7.7% |
| Current assets | 29/58 | €90,108 | €87,603 | -€2,505 | -2.8% |
| Stocks and contracts in progress | 3 | €18,202 | €15,894 | -€2,308 | -12.7% |
| Stocks | 30/36 | €18,202 | €15,894 | -€2,308 | -12.7% |
| Amounts receivable within one year | 40/41 | €33,692 | €32,867 | -€825 | -2.4% |
| Trade receivables | 40 | €13,580 | €10,555 | -€3,026 | -22.3% |
| Other amounts receivable | 41 | €20,111 | €22,312 | +€2,201 | +10.9% |
| Current investments | 50/53 | €30,450 | €30,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,606 | €8,393 | +€2,787 | +49.7% |
| Deferred charges and accrued income | 490/1 | €2,159 | - | -€2,159 | |
| Total equity and liabilities | 10/49 | €95,046 | €92,314 | -€2,731 | -2.9% |
| Equity | 10/15 | €58,027 | €62,697 | +€4,670 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €39,427 | €44,097 | +€4,670 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,567 | €42,237 | +€4,670 | +12.4% |
| Amounts payable | 17/49 | €37,018 | €29,617 | -€7,401 | -20.0% |
| Amounts payable within one year | 42/48 | €37,018 | €29,617 | -€7,401 | -20.0% |
| Financial debts | 43 | €8,081 | - | -€8,081 | |
| Other loans | 439 | €8,081 | - | -€8,081 | |
| Trade debts | 44 | €14,428 | €18,031 | +€3,603 | +25.0% |
| Suppliers | 440/4 | €14,428 | €18,031 | +€3,603 | +25.0% |
| Taxes, remuneration and social security | 45 | €14,509 | €11,586 | -€2,923 | -20.1% |
| Taxes | 450/3 | €5,553 | €4,542 | -€1,011 | -18.2% |
| Remuneration and social security | 454/9 | €8,956 | €7,044 | -€1,912 | -21.4% |
| Remuneration, social security and pensions | 62 | €42,091 | €44,924 | +€2,834 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,052 | €2,430 | -€2,622 | -51.9% |
| Other operating charges | 640/8 | €1,020 | €505 | -€514 | -50.4% |
| Gross operating margin | 9900 | €44,879 | €55,768 | +€10,889 | +24.3% |
| Operating profit (loss) | 9901 | -€3,283 | €7,907 | +€11,191 | |
| Financial income | 75/76B | €91 | €511 | +€420 | +459.0% |
| Recurring financial income | 75 | €91 | €511 | +€420 | +459.0% |
| Financial charges | 65/66B | €1,816 | €2,326 | +€510 | +28.1% |
| Recurring financial charges | 65 | €1,816 | €2,326 | +€510 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,008 | €6,093 | +€11,101 | |
| Income taxes | 67/77 | €0 | €1,423 | +€1,423 | |
| Profit (loss) for the period | 9904 | -€5,008 | €4,670 | +€9,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,008 | €4,670 | +€9,678 |
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 29 September 2026 via checked.be.