DAVID COMPAGNIE: 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.
DAVID COMPAGNIE
Largest movements
- Receivables within one year +€19,311
up €19,311 (+93.4%), from €20,666 to €39,977
of which Other amounts receivable: +€13,117
- Tangible fixed assets -€3,804
down €3,804 (-58.7%), from €6,485 to €2,681
- Cash -€1,683
down €1,683 (-12.0%), from €13,972 to €12,289
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€19,311)
- Other debts +€30,000
new in 2025: €30,000
- Profit (loss) carried forward -€12,707
down €12,707 (-47.6%), from €26,711 to €14,004
- Tax, wage and social debts -€2,782
down €2,782 (-31.3%), from €8,880 to €6,097
- Trade debts -€1,225
down €1,225 (-44.4%), from €2,761 to €1,535
- Gross operating margin +€9,418
up €9,418 (+37.8%), from €24,942 to €34,360
- Taxes +€2,937
up €2,937 (+47.4%), from €6,198 to €9,135
- Depreciation +€422
up €422 (+8.1%), from €5,178 to €5,600
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 | €41,851 | €55,137 | +€13,285 | +31.7% |
| Fixed assets | 21/28 | €6,485 | €2,681 | -€3,804 | -58.7% |
| Tangible fixed assets | 22/27 | €6,485 | €2,681 | -€3,804 | -58.7% |
| Furniture and vehicles | 24 | €6,485 | €2,681 | -€3,804 | -58.7% |
| Current assets | 29/58 | €35,366 | €52,456 | +€17,090 | +48.3% |
| Amounts receivable within one year | 40/41 | €20,666 | €39,977 | +€19,311 | +93.4% |
| Trade receivables | 40 | €8,835 | €15,029 | +€6,194 | +70.1% |
| Other amounts receivable | 41 | €11,832 | €24,948 | +€13,117 | +110.9% |
| Cash at bank and in hand | 54/58 | €13,972 | €12,289 | -€1,683 | -12.0% |
| Deferred charges and accrued income | 490/1 | €728 | €190 | -€538 | -73.9% |
| Total equity and liabilities | 10/49 | €41,851 | €55,137 | +€13,285 | +31.7% |
| Equity | 10/15 | €30,211 | €17,504 | -€12,707 | -42.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,711 | €14,004 | -€12,707 | -47.6% |
| Amounts payable | 17/49 | €11,640 | €37,633 | +€25,992 | +223.3% |
| Amounts payable within one year | 42/48 | €11,640 | €37,633 | +€25,992 | +223.3% |
| Trade debts | 44 | €2,761 | €1,535 | -€1,225 | -44.4% |
| Suppliers | 440/4 | €2,761 | €1,535 | -€1,225 | -44.4% |
| Taxes, remuneration and social security | 45 | €8,880 | €6,097 | -€2,782 | -31.3% |
| Taxes | 450/3 | €8,880 | €6,097 | -€2,782 | -31.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,178 | €5,600 | +€422 | +8.1% |
| Other operating charges | 640/8 | €1,313 | €1,000 | -€313 | -23.8% |
| Non-recurring operating charges | 66A | €5,524 | - | -€5,524 | |
| Gross operating margin | 9900 | €24,942 | €34,360 | +€9,418 | +37.8% |
| Operating profit (loss) | 9901 | €12,928 | €27,760 | +€14,833 | +114.7% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,560 | €1,332 | -€227 | -14.6% |
| Recurring financial charges | 65 | €1,560 | €1,332 | -€227 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €11,398 | €26,428 | +€15,030 | +131.9% |
| Income taxes | 67/77 | €6,198 | €9,135 | +€2,937 | +47.4% |
| Profit (loss) for the period | 9904 | €5,200 | €17,293 | +€12,093 | +232.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,200 | €17,293 | +€12,093 | +232.5% |
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.