DE 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.
DE COMPAGNIE
Largest movements
- Tangible fixed assets +€885,352
up €885,352 (+21.4%), from €4.1m to €5.0m
- Cash -€166,614
down €166,614 (-72.6%), from €229,583 to €62,970
mainly Investment in fixed assets (net) (-€1.1m) and Trade debts (-€96,609)
- Debts after one year +€657,002
up €657,002 (+328.5%), from €200,000 to €857,002
- Other debts +€150,000
up €150,000 (+12195.1%), from €1,230 to €151,230
- Trade debts -€96,609
down €96,609 (-86.7%), from €111,386 to €14,776
- Current portion of long-term debt +€66,057
new in 2025: €66,057
- Depreciation +€138,659
up €138,659 (+179.0%), from €77,472 to €216,130
- Taxes -€43,341
no longer reported in 2025 (was €43,341)
- Gross operating margin -€29,029
down €29,029 (-9.9%), from €291,936 to €262,908
- Financial charges +€9,599
up €9,599 (+100.6%), from €9,539 to €19,138
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 | €4,400,105 | €5,169,017 | +€768,911 | +17.5% |
| Fixed assets | 21/28 | €4,144,826 | €5,030,177 | +€885,352 | +21.4% |
| Tangible fixed assets | 22/27 | €4,143,826 | €5,029,177 | +€885,352 | +21.4% |
| Land and buildings | 22 | €4,143,826 | €5,029,177 | +€885,352 | +21.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €255,280 | €138,839 | -€116,440 | -45.6% |
| Amounts receivable within one year | 40/41 | €21,636 | €70,592 | +€48,957 | +226.3% |
| Trade receivables | 40 | - | €373 | +€373 | |
| Other amounts receivable | 41 | €21,636 | €70,219 | +€48,583 | +224.6% |
| Cash at bank and in hand | 54/58 | €229,583 | €62,970 | -€166,614 | -72.6% |
| Deferred charges and accrued income | 490/1 | €4,061 | €5,277 | +€1,217 | +30.0% |
| Total equity and liabilities | 10/49 | €4,400,105 | €5,169,017 | +€768,911 | +17.5% |
| Equity | 10/15 | €4,083,888 | €4,077,781 | -€6,106 | -0.1% |
| Contributions | 10/11 | €2,240,135 | €2,240,135 | = | 0.0% |
| Capital | 10 | €2,240,125 | €2,240,125 | = | 0.0% |
| Issued capital | 100 | €2,240,125 | €2,240,125 | = | 0.0% |
| Outside capital | 11 | €10 | €10 | = | 0.0% |
| Share premium | 1100/10 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €1,843,752 | €1,837,646 | -€6,106 | -0.3% |
| Non-distributable reserves | 130/1 | €138,231 | €138,231 | = | 0.0% |
| Legal reserve | 130 | €138,231 | €138,231 | = | 0.0% |
| Distributable reserves | 133 | €1,705,521 | €1,699,415 | -€6,106 | -0.4% |
| Amounts payable | 17/49 | €316,218 | €1,091,236 | +€775,018 | +245.1% |
| Amounts payable after more than one year | 17 | €200,000 | €857,002 | +€657,002 | +328.5% |
| Financial debts | 170/4 | €200,000 | €857,002 | +€657,002 | +328.5% |
| Amounts payable within one year | 42/48 | €115,088 | €232,063 | +€116,975 | +101.6% |
| Current portion of amounts payable after more than one year | 42 | - | €66,057 | +€66,057 | |
| Trade debts | 44 | €111,386 | €14,776 | -€96,609 | -86.7% |
| Suppliers | 440/4 | €111,386 | €14,776 | -€96,609 | -86.7% |
| Taxes, remuneration and social security | 45 | €2,472 | - | -€2,472 | |
| Taxes | 450/3 | €2,472 | - | -€2,472 | |
| Other amounts payable | 47/48 | €1,230 | €151,230 | +€150,000 | +12195.1% |
| Accrued charges and deferred income | 492/3 | €1,130 | €2,170 | +€1,040 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,472 | €216,130 | +€138,659 | +179.0% |
| Other operating charges | 640/8 | €31,562 | €32,906 | +€1,344 | +4.3% |
| Non-recurring operating charges | 66A | - | €840 | +€840 | |
| Gross operating margin | 9900 | €291,936 | €262,908 | -€29,029 | -9.9% |
| Operating profit (loss) | 9901 | €182,903 | €13,032 | -€169,871 | -92.9% |
| Financial charges | 65/66B | €9,539 | €19,138 | +€9,599 | +100.6% |
| Recurring financial charges | 65 | €9,539 | €19,138 | +€9,599 | +100.6% |
| Profit (loss) for the period before taxes | 9903 | €173,364 | -€6,106 | -€179,470 | |
| Income taxes | 67/77 | €43,341 | - | -€43,341 | |
| Profit (loss) for the period | 9904 | €130,023 | -€6,106 | -€136,129 | |
| Transfer from tax-exempt reserves | 789 | €69,465 | - | -€69,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,488 | -€6,106 | -€205,594 |
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 8 October 2026 via checked.be.