JACQUES COMPAGNON: 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.
JACQUES COMPAGNON
Largest movements
- Receivables within one year -€91,608
down €91,608 (-92.5%), from €99,006 to €7,398
of which Trade receivables: -€78,631
- Cash +€50,284
up €50,284 (+20.9%), from €240,242 to €290,527
mainly Receivables within one year (+€91,608) and Net result for the year (+€55,222)
- Tangible fixed assets -€17,786
down €17,786 (-50.5%), from €35,210 to €17,424
- Advances received -€64,403
down €64,403 (-72.0%), from €89,403 to €25,000
- Trade debts -€23,550
down €23,550 (-78.4%), from €30,052 to €6,502
- Reserves +€20,633
up €20,633 (+10.6%), from €195,005 to €215,638
of which Distributable reserves: +€20,633
- Tax, wage and social debts +€16,893
up €16,893 (+141%), from €11,973 to €28,866
of which Taxes: +€14,992
- Debts after one year -€9,284
down €9,284 (-92.1%), from €10,076 to €792
- Gross operating margin +€55,805
up €55,805 (+53.2%), from €104,983 to €160,787
- Taxes +€18,513
up €18,513 (+199%), from €9,303 to €27,817
- Write-downs +€2,223
new in 2025: €2,223
- Other operating charges -€1,882
down €1,882 (-89.2%), from €2,109 to €227
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 | €377,487 | €318,831 | -€58,656 | -15.5% |
| Fixed assets | 21/28 | €37,610 | €19,824 | -€17,786 | -47.3% |
| Tangible fixed assets | 22/27 | €35,210 | €17,424 | -€17,786 | -50.5% |
| Furniture and vehicles | 24 | €35,210 | €17,424 | -€17,786 | -50.5% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €339,877 | €299,007 | -€40,870 | -12.0% |
| Amounts receivable within one year | 40/41 | €99,006 | €7,398 | -€91,608 | -92.5% |
| Trade receivables | 40 | €82,190 | €3,558 | -€78,631 | -95.7% |
| Other amounts receivable | 41 | €16,816 | €3,839 | -€12,977 | -77.2% |
| Cash at bank and in hand | 54/58 | €240,242 | €290,527 | +€50,284 | +20.9% |
| Deferred charges and accrued income | 490/1 | €628 | €1,083 | +€454 | +72.3% |
| Total equity and liabilities | 10/49 | €377,487 | €318,831 | -€58,656 | -15.5% |
| Equity | 10/15 | €225,005 | €245,638 | +€20,633 | +9.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €195,005 | €215,638 | +€20,633 | +10.6% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €192,005 | €212,638 | +€20,633 | +10.7% |
| Amounts payable | 17/49 | €152,482 | €73,192 | -€79,289 | -52.0% |
| Amounts payable after more than one year | 17 | €10,076 | €792 | -€9,284 | -92.1% |
| Financial debts | 170/4 | €10,076 | €792 | -€9,284 | -92.1% |
| Amounts payable within one year | 42/48 | €141,323 | €71,318 | -€70,005 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €9,897 | €10,951 | +€1,054 | +10.6% |
| Trade debts | 44 | €30,052 | €6,502 | -€23,550 | -78.4% |
| Suppliers | 440/4 | €30,052 | €6,502 | -€23,550 | -78.4% |
| Advances received on contracts in progress | 46 | €89,403 | €25,000 | -€64,403 | -72.0% |
| Taxes, remuneration and social security | 45 | €11,973 | €28,866 | +€16,893 | +141% |
| Taxes | 450/3 | €11,345 | €26,337 | +€14,992 | +132% |
| Remuneration and social security | 454/9 | €628 | €2,529 | +€1,901 | +303% |
| Accrued charges and deferred income | 492/3 | €1,083 | €1,083 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,600 | €56,654 | +€54 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,643 | €17,786 | -€857 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,223 | +€2,223 | |
| Other operating charges | 640/8 | €2,109 | €227 | -€1,882 | -89.2% |
| Gross operating margin | 9900 | €104,983 | €160,787 | +€55,805 | +53.2% |
| Operating profit (loss) | 9901 | €27,631 | €83,897 | +€56,266 | +204% |
| Financial income | 75/76B | €536 | €326 | -€209 | -39.1% |
| Recurring financial income | 75 | €536 | €326 | -€209 | -39.1% |
| Financial charges | 65/66B | €1,386 | €1,185 | -€201 | -14.5% |
| Recurring financial charges | 65 | €1,386 | €1,185 | -€201 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €26,780 | €83,039 | +€56,259 | +210% |
| Income taxes | 67/77 | €9,303 | €27,817 | +€18,513 | +199% |
| Profit (loss) for the period | 9904 | €17,477 | €55,222 | +€37,745 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €17,477 | €55,222 | +€37,745 | +216% |
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 16 October 2026 via checked.be.