CEN BAR: what changed
Two fiscal 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.
CEN BAR
Largest movements
- Tangible fixed assets +€1,958
up €1,958 (+69.9%), from €2,801 to €4,759
- Receivables within one year +€1,142
up €1,142 (+127.0%), from €899 to €2,041
- Cash +€892
up €892 (+242.4%), from €368 to €1,260
mainly Tax, wage and social debts (+€5,334) and Depreciation (+€1,120)
- Tax, wage and social debts +€5,334
up €5,334 (+940.7%), from €567 to €5,901
of which Remuneration and social security: +€5,300
- Trade debts -€1,701
down €1,701 (-94.6%), from €1,798 to €97
- Profit (loss) carried forward +€444
up €444 (+4.1%), from -€10,907 to -€10,463
- Other debts -€85
down €85 (-40.5%), from €210 to €125
- Gross operating margin +€2,771
up €2,771 (+77.6%), from €3,573 to €6,344
- Other operating charges -€934
down €934 (-19.5%), from €4,790 to €3,856
- Financial charges +€537
up €537 (+138.8%), from €387 to €924
- Depreciation -€433
down €433 (-27.9%), from €1,553 to €1,120
- Financial income -€75
no longer reported in 2025 (was €75)
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.
Cash bridge derived
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 | €4,068 | €8,060 | +€3,992 | +98.1% |
| Fixed assets | 21/28 | €2,801 | €4,759 | +€1,958 | +69.9% |
| Tangible fixed assets | 22/27 | €2,801 | €4,759 | +€1,958 | +69.9% |
| Plant, machinery and equipment | 23 | €2,801 | €4,759 | +€1,958 | +69.9% |
| Current assets | 29/58 | €1,267 | €3,301 | +€2,034 | +160.5% |
| Amounts receivable within one year | 40/41 | €899 | €2,041 | +€1,142 | +127.0% |
| Trade receivables | 40 | €899 | €2,041 | +€1,142 | +127.0% |
| Cash at bank and in hand | 54/58 | €368 | €1,260 | +€892 | +242.4% |
| Total equity and liabilities | 10/49 | €4,068 | €8,060 | +€3,992 | +98.1% |
| Equity | 10/15 | €1,493 | €1,937 | +€444 | +29.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,907 | -€10,463 | +€444 | +4.1% |
| Amounts payable | 17/49 | €2,575 | €6,123 | +€3,548 | +137.8% |
| Amounts payable within one year | 42/48 | €2,575 | €6,123 | +€3,548 | +137.8% |
| Trade debts | 44 | €1,798 | €97 | -€1,701 | -94.6% |
| Suppliers | 440/4 | €1,798 | €97 | -€1,701 | -94.6% |
| Taxes, remuneration and social security | 45 | €567 | €5,901 | +€5,334 | +940.7% |
| Taxes | 450/3 | €567 | €601 | +€34 | +6.0% |
| Remuneration and social security | 454/9 | - | €5,300 | +€5,300 | |
| Other amounts payable | 47/48 | €210 | €125 | -€85 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €1,120 | -€433 | -27.9% |
| Other operating charges | 640/8 | €4,790 | €3,856 | -€934 | -19.5% |
| Gross operating margin | 9900 | €3,573 | €6,344 | +€2,771 | +77.6% |
| Operating profit (loss) | 9901 | -€2,770 | €1,368 | +€4,138 | |
| Financial income | 75/76B | €75 | - | -€75 | |
| Recurring financial income | 75 | €75 | - | -€75 | |
| Financial charges | 65/66B | €387 | €924 | +€537 | +138.8% |
| Recurring financial charges | 65 | €387 | €924 | +€537 | +138.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,082 | €444 | +€3,526 | |
| Profit (loss) for the period | 9904 | -€3,082 | €444 | +€3,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,082 | €444 | +€3,526 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.