COMPASS: 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.
What changed
COMPASS
NACE 64.910, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€355,492
2024 · -€100,839-€254,653
Equity
€9.9m
2024 · €4.5m+€5.4m
Cash
€367,869
2024 · €247,532+€120,337
Balance sheet total
€17.4m
2024 · €11.5m+€5.9m
Largest movements
Assets
- Tangible fixed assets +€8.1m
up €8.1m (+95.2%), from €8.5m to €16.6m
of which Land and buildings: +€7.2m
- Current investments -€2.2m
no longer reported in 2025 (was €2.2m)
Equity and liabilities
- Revaluation surpluses +€5.8m
new in 2025: €5.8m
- Other debts +€858,358
up €858,358 (+53.4%), from €1.6m to €2.5m
- Debts after one year -€333,333
down €333,333 (-7.4%), from €4.5m to €4.2m
- Profit (loss) carried forward -€289,742
down €289,742 (-18.8%), from €1.5m to €1.3m
Income statement
- Depreciation +€245,593
up €245,593 (+53.3%), from €460,482 to €706,075
- Other operating charges +€58,992
up €58,992 (+61.4%), from €96,054 to €155,046
- Gross operating margin +€51,493
up €51,493 (+7.0%), from €736,689 to €788,182
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.
Result 2024
-€100,839
Gross operating margin
+€51,493
Depreciation
-€245,593
Other operating charges
-€58,992
Financial income
+€265
Financial charges
-€1,826
Result 2025
-€355,492
raises the resultlowers the result
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.
From operations
+€1.3m
Investment
-€6.6m
Financing
+€5.4m
Cash 2024
€247,532
From operations (derived)
+€1.3m
Net result for the year
-€355,492
Depreciation
+€706,075
Receivables within one year
+€57,869
Smaller working-capital items
-€21,074
Provisions
-€27,619
Trade debts
+€45,942
Other debts
+€858,358
Investment (derived)
-€6.6m
Investment in fixed assets (net)
-€8.8m
Current investments
+€2.2m
Financing
+€5.4m
Debts after one year
-€333,333
Contributions, distributions and other
+€5.8m
Cash 2025
€367,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,497,028 | €17,443,044 | +€5.9m | +51.7% |
| Fixed assets | 21/28 | €8,924,939 | €17,008,488 | +€8.1m | +90.6% |
| Tangible fixed assets | 22/27 | €8,492,585 | €16,576,134 | +€8.1m | +95.2% |
| Land and buildings | 22 | €8,348,947 | €15,556,550 | +€7.2m | +86.3% |
| Plant, machinery and equipment | 23 | €12,849 | €56,894 | +€44,045 | +343% |
| Other tangible fixed assets | 26 | €130,789 | €962,690 | +€831,901 | +636% |
| Financial fixed assets | 28 | €432,354 | €432,354 | = | 0.0% |
| Current assets | 29/58 | €2,572,089 | €434,556 | -€2.1m | -83.1% |
| Amounts receivable within one year | 40/41 | €124,555 | €66,686 | -€57,869 | -46.5% |
| Trade receivables | 40 | €94,116 | €208 | -€93,908 | -99.8% |
| Other amounts receivable | 41 | €30,439 | €66,478 | +€36,039 | +118% |
| Current investments | 50/53 | €2,200,000 | - | -€2.2m | |
| Cash at bank and in hand | 54/58 | €247,532 | €367,869 | +€120,337 | +48.6% |
| Deferred charges and accrued income | 490/1 | €2 | €1 | -€1 | -50.0% |
| Total equity and liabilities | 10/49 | €11,497,028 | €17,443,044 | +€5.9m | +51.7% |
| Equity | 10/15 | €4,519,163 | €9,942,906 | +€5.4m | +120% |
| Contributions | 10/11 | €1,764,000 | €1,764,000 | = | 0.0% |
| Capital | 10 | €1,764,000 | €1,764,000 | = | 0.0% |
| Issued capital | 100 | €1,764,000 | €1,764,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €5,779,235 | +€5.8m | |
| Reserves | 13 | €1,214,747 | €1,148,997 | -€65,750 | -5.4% |
| Non-distributable reserves | 130/1 | €176,400 | €176,400 | = | 0.0% |
| Legal reserve | 130 | €176,400 | €176,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,038,347 | €972,597 | -€65,750 | -6.3% |
| Profit (loss) carried forward | 14 | €1,540,416 | €1,250,674 | -€289,742 | -18.8% |
| Provisions and deferred taxes | 16 | €436,159 | €408,540 | -€27,619 | -6.3% |
| Deferred taxes | 168 | €436,159 | €408,540 | -€27,619 | -6.3% |
| Amounts payable | 17/49 | €6,541,706 | €7,091,598 | +€549,892 | +8.4% |
| Amounts payable after more than one year | 17 | €4,500,000 | €4,166,667 | -€333,333 | -7.4% |
| Financial debts | 170/4 | €4,500,000 | €4,166,667 | -€333,333 | -7.4% |
| Amounts payable within one year | 42/48 | €2,041,516 | €2,924,751 | +€883,235 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €333,333 | €333,333 | = | 0.0% |
| Trade debts | 44 | €23,937 | €69,879 | +€45,942 | +192% |
| Suppliers | 440/4 | €23,937 | €69,879 | +€45,942 | +192% |
| Taxes, remuneration and social security | 45 | €77,716 | €56,651 | -€21,065 | -27.1% |
| Taxes | 450/3 | €77,716 | €56,651 | -€21,065 | -27.1% |
| Other amounts payable | 47/48 | €1,606,530 | €2,464,888 | +€858,358 | +53.4% |
| Accrued charges and deferred income | 492/3 | €190 | €180 | -€10 | -5.3% |
| Non-recurring operating income | 76A | - | €116,700 | +€116,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460,482 | €706,075 | +€245,593 | +53.3% |
| Other operating charges | 640/8 | €96,054 | €155,046 | +€58,992 | +61.4% |
| Gross operating margin | 9900 | €736,689 | €788,182 | +€51,493 | +7.0% |
| Operating profit (loss) | 9901 | €180,153 | -€72,939 | -€253,092 | |
| Financial income | 75/76B | €7,201 | €7,466 | +€265 | +3.7% |
| Recurring financial income | 75 | €7,201 | €7,466 | +€265 | +3.7% |
| Financial charges | 65/66B | €315,811 | €317,637 | +€1,826 | +0.6% |
| Recurring financial charges | 65 | €315,811 | €317,637 | +€1,826 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€128,457 | -€383,110 | -€254,653 | -198% |
| Transfer from deferred taxes | 780 | €27,618 | €27,618 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€100,839 | -€355,492 | -€254,653 | -253% |
| Transfer from tax-exempt reserves | 789 | €65,750 | €65,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,089 | -€289,742 | -€254,653 | -726% |
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.