The body can compensate at the margins. Eat 5 fewer calories per day and you will see zero change. Eat 500 fewer calories per day, consistently every day, and you will absolutely see changes. (I'm not actually suggesting that it would be _healthy_ or advisable to drop your diet by 500 calories -- just pointing out that the body cannot compensate indefinitely.)
The compensation is often lower energy levels. Your body compensates by keeping you from doing as much.