The Compound: 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.
The Compound
Largest movements
- Tangible fixed assets -€5,172
down €5,172 (-1.3%), from €389,558 to €384,386
- Cash -€4,760
down €4,760 (-36.4%), from €13,068 to €8,308
mainly Debts after one year (-€17,181) and Net result for the year (-€10,778)
- Debts after one year -€17,181
down €17,181 (-7.1%), from €243,401 to €226,220
- Other debts +€12,875
up €12,875 (+12.0%), from €107,453 to €120,329
- Profit (loss) carried forward -€10,778
down €10,778 (-117%), from -€9,222 to -€20,000
- Depreciation +€2,916
up €2,916 (+56.4%), from €5,172 to €8,088
- Gross operating margin +€1,629
up €1,629 (+31.7%), from €5,133 to €6,761
- Other operating charges +€88
up €88 (+3.1%), from €2,840 to €2,928
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 | €405,635 | €394,076 | -€11,559 | -2.8% |
| Fixed assets | 21/28 | €389,558 | €384,386 | -€5,172 | -1.3% |
| Tangible fixed assets | 22/27 | €389,558 | €384,386 | -€5,172 | -1.3% |
| Land and buildings | 22 | €389,558 | €384,386 | -€5,172 | -1.3% |
| Current assets | 29/58 | €16,077 | €9,690 | -€6,387 | -39.7% |
| Amounts receivable within one year | 40/41 | €1,681 | €381 | -€1,300 | -77.3% |
| Trade receivables | 40 | €225 | €377 | +€153 | +68.0% |
| Other amounts receivable | 41 | €1,457 | €4 | -€1,452 | -99.7% |
| Cash at bank and in hand | 54/58 | €13,068 | €8,308 | -€4,760 | -36.4% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,000 | -€328 | -24.7% |
| Total equity and liabilities | 10/49 | €405,635 | €394,076 | -€11,559 | -2.8% |
| Equity | 10/15 | €35,778 | €25,000 | -€10,778 | -30.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€9,222 | -€20,000 | -€10,778 | -117% |
| Amounts payable | 17/49 | €369,857 | €369,076 | -€782 | -0.2% |
| Amounts payable after more than one year | 17 | €243,401 | €226,220 | -€17,181 | -7.1% |
| Financial debts | 170/4 | €243,401 | €226,220 | -€17,181 | -7.1% |
| Amounts payable within one year | 42/48 | €126,033 | €142,460 | +€16,427 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €18,252 | €18,598 | +€346 | +1.9% |
| Trade debts | 44 | €328 | €3,533 | +€3,205 | +978% |
| Suppliers | 440/4 | €328 | €3,533 | +€3,205 | +978% |
| Other amounts payable | 47/48 | €107,453 | €120,329 | +€12,875 | +12.0% |
| Accrued charges and deferred income | 492/3 | €424 | €396 | -€27 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,172 | €8,088 | +€2,916 | +56.4% |
| Other operating charges | 640/8 | €2,840 | €2,928 | +€88 | +3.1% |
| Gross operating margin | 9900 | €5,133 | €6,761 | +€1,629 | +31.7% |
| Operating profit (loss) | 9901 | -€2,880 | -€4,254 | -€1,375 | -47.7% |
| Financial charges | 65/66B | €6,494 | €6,523 | +€29 | +0.4% |
| Recurring financial charges | 65 | €6,494 | €6,523 | +€29 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,374 | -€10,778 | -€1,404 | -15.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,374 | -€10,778 | -€1,404 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,374 | -€10,778 | -€1,404 | -15.0% |
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.