It doesn't compensate for gas loss (because if you have less gas, you are more buoyant, hence you don't need BC lift. It compensates for un-lost gas - the gas that you carry on your back. This means that for example, if your suit surface buoyancy is 10kg, and at 30 meters is only 3kg (theoretical figures, no practical relevance), and you have a 15 L steel tank with ~3.6kg of gas inside, then you need a BC that compensates for 7 kg plus 3.6kg of gas that you carry at the beginning, which means a 10.6kg of lift. After you breathe your gas, your tank becomes less heavy (let's say 1.2kg close to the end of the dive), which means that at that moment you only need 8.2kg of lift instead of the initial 10.6.