C.S.M. - CENTER: 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.
C.S.M. - CENTER
Largest movements
- Receivables within one year +€39,202
up €39,202 (+11.6%), from €337,320 to €376,522
of which Other amounts receivable: +€38,817
- Cash +€7,770
up €7,770 (+469%), from €1,655 to €9,425
mainly Net result for the year (+€43,436) and Tax, wage and social debts (+€18,659)
- Reserves +€43,436
up €43,436 (+15.8%), from €275,094 to €318,530
- Tax, wage and social debts +€18,659
up €18,659 (+66.7%), from €27,986 to €46,645
- Trade debts -€9,209
down €9,209 (-85.1%), from €10,825 to €1,616
- Other debts -€4,619
no longer reported in 2025 (was €4,619)
- Gross operating margin -€28,169
down €28,169 (-37.6%), from €75,007 to €46,838
- Taxes -€7,917
down €7,917 (-30.3%), from €26,105 to €18,189
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 | €338,975 | €387,242 | +€48,267 | +14.2% |
| Fixed assets | 21/28 | - | €500 | +€500 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €338,975 | €386,742 | +€47,767 | +14.1% |
| Amounts receivable within one year | 40/41 | €337,320 | €376,522 | +€39,202 | +11.6% |
| Trade receivables | 40 | €17,164 | €17,549 | +€385 | +2.2% |
| Other amounts receivable | 41 | €320,156 | €358,974 | +€38,817 | +12.1% |
| Cash at bank and in hand | 54/58 | €1,655 | €9,425 | +€7,770 | +469% |
| Deferred charges and accrued income | 490/1 | - | €795 | +€795 | |
| Total equity and liabilities | 10/49 | €338,975 | €387,242 | +€48,267 | +14.2% |
| Equity | 10/15 | €295,545 | €338,981 | +€43,436 | +14.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €275,094 | €318,530 | +€43,436 | +15.8% |
| Distributable reserves | 133 | €275,094 | €318,530 | +€43,436 | +15.8% |
| Amounts payable | 17/49 | €43,430 | €48,261 | +€4,831 | +11.1% |
| Amounts payable within one year | 42/48 | €43,430 | €48,261 | +€4,831 | +11.1% |
| Trade debts | 44 | €10,825 | €1,616 | -€9,209 | -85.1% |
| Suppliers | 440/4 | €10,825 | €1,616 | -€9,209 | -85.1% |
| Taxes, remuneration and social security | 45 | €27,986 | €46,645 | +€18,659 | +66.7% |
| Taxes | 450/3 | €27,986 | €46,645 | +€18,659 | +66.7% |
| Other amounts payable | 47/48 | €4,619 | - | -€4,619 | |
| Other operating charges | 640/8 | €920 | €1,516 | +€596 | +64.8% |
| Gross operating margin | 9900 | €75,007 | €46,838 | -€28,169 | -37.6% |
| Operating profit (loss) | 9901 | €74,087 | €45,322 | -€28,765 | -38.8% |
| Financial income | 75/76B | €18,114 | €18,361 | +€248 | +1.4% |
| Recurring financial income | 75 | €18,114 | €18,361 | +€248 | +1.4% |
| Financial charges | 65/66B | €2,638 | €2,058 | -€579 | -22.0% |
| Recurring financial charges | 65 | €2,638 | €2,058 | -€579 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €89,563 | €61,625 | -€27,938 | -31.2% |
| Income taxes | 67/77 | €26,105 | €18,189 | -€7,917 | -30.3% |
| Profit (loss) for the period | 9904 | €63,457 | €43,436 | -€20,021 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,457 | €43,436 | -€20,021 | -31.6% |
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 31 October 2026 via checked.be.