Het Compas: what changed
Two financial 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.
Het Compas
Largest movements
- Cash +€211,625
up €211,625 (+65.1%), from €324,888 to €536,513
mainly Net result for the year (+€243,002) and Stocks and contracts (+€9,288)
- Reserves +€243,002
up €243,002 (+34.6%), from €702,690 to €945,691
of which Distributable reserves: +€243,002
- Other debts -€52,190
down €52,190 (-92.0%), from €56,729 to €4,539
- Financial charges -€119,223
down €119,223 (-186%), from -€64,256 to -€183,479
- Taxes +€10,313
up €10,313 (+29.5%), from €34,921 to €45,233
- Staff costs +€1,963
up €1,963 (+3.6%), from €54,254 to €56,217
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.
Derived cash bridge
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 | €810,508 | €1,006,142 | +€195,633 | +24.1% |
| Fixed assets | 21/28 | €4,553 | €5,248 | +€695 | +15.3% |
| Intangible fixed assets | 21 | €963 | €473 | -€490 | -50.9% |
| Tangible fixed assets | 22/27 | €1,356 | €2,541 | +€1,185 | +87.4% |
| Furniture and vehicles | 24 | €1,356 | €2,541 | +€1,185 | +87.4% |
| Financial fixed assets | 28 | €2,235 | €2,235 | = | 0.0% |
| Current assets | 29/58 | €805,955 | €1,000,893 | +€194,938 | +24.2% |
| Stocks and contracts in progress | 3 | €112,749 | €103,460 | -€9,288 | -8.2% |
| Stocks | 30/36 | €112,749 | €103,460 | -€9,288 | -8.2% |
| Amounts receivable within one year | 40/41 | €20,993 | €14,101 | -€6,892 | -32.8% |
| Trade receivables | 40 | €20,993 | €12,230 | -€8,763 | -41.7% |
| Other amounts receivable | 41 | - | €1,872 | +€1,872 | |
| Current investments | 50/53 | €345,229 | €344,975 | -€254 | -0.1% |
| Cash at bank and in hand | 54/58 | €324,888 | €536,513 | +€211,625 | +65.1% |
| Deferred charges and accrued income | 490/1 | €2,097 | €1,844 | -€252 | -12.0% |
| Total equity and liabilities | 10/49 | €810,508 | €1,006,142 | +€195,633 | +24.1% |
| Equity | 10/15 | €721,290 | €964,291 | +€243,002 | +33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €702,690 | €945,691 | +€243,002 | +34.6% |
| Non-distributable reserves | 130/1 | €5,195 | €5,195 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €3,335 | €3,335 | = | 0.0% |
| Distributable reserves | 133 | €697,495 | €940,496 | +€243,002 | +34.8% |
| Amounts payable | 17/49 | €89,219 | €41,850 | -€47,368 | -53.1% |
| Amounts payable within one year | 42/48 | €86,024 | €39,933 | -€46,091 | -53.6% |
| Trade debts | 44 | €7,673 | €5,115 | -€2,558 | -33.3% |
| Suppliers | 440/4 | €7,673 | €5,115 | -€2,558 | -33.3% |
| Taxes, remuneration and social security | 45 | €21,622 | €30,279 | +€8,657 | +40.0% |
| Taxes | 450/3 | €14,891 | €20,809 | +€5,917 | +39.7% |
| Remuneration and social security | 454/9 | €6,731 | €9,470 | +€2,739 | +40.7% |
| Other amounts payable | 47/48 | €56,729 | €4,539 | -€52,190 | -92.0% |
| Accrued charges and deferred income | 492/3 | €3,195 | €1,918 | -€1,277 | -40.0% |
| Remuneration, social security and pensions | 62 | €54,254 | €56,217 | +€1,963 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,640 | €1,451 | -€188 | -11.5% |
| Other operating charges | 640/8 | €1,098 | €1,105 | +€7 | +0.6% |
| Gross operating margin | 9900 | €154,941 | €153,877 | -€1,064 | -0.7% |
| Operating profit (loss) | 9901 | €97,950 | €95,103 | -€2,846 | -2.9% |
| Financial income | 75/76B | €9,327 | €9,653 | +€326 | +3.5% |
| Recurring financial income | 75 | €9,327 | €9,653 | +€326 | +3.5% |
| Financial charges | 65/66B | -€64,256 | -€183,479 | -€119,223 | -186% |
| Recurring financial charges | 65 | -€64,256 | -€183,479 | -€119,223 | -186% |
| Profit (loss) for the period before taxes | 9903 | €171,532 | €288,235 | +€116,703 | +68.0% |
| Income taxes | 67/77 | €34,921 | €45,233 | +€10,313 | +29.5% |
| Profit (loss) for the period | 9904 | €136,611 | €243,002 | +€106,390 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,611 | €243,002 | +€106,390 | +77.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.