CENALIX: 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.
CENALIX
Largest movements
- Cash +€55,412
up €55,412 (+186.6%), from €29,690 to €85,102
mainly Net result for the year (+€47,077) and Other debts (+€19,331)
- Receivables within one year -€11,222
down €11,222 (-54.8%), from €20,480 to €9,258
of which Trade receivables: -€11,236
- Tangible fixed assets -€1,316
down €1,316 (-31.2%), from €4,220 to €2,904
of which Furniture and vehicles: -€1,316
- Other debts +€19,331
up €19,331 (+114.8%), from €16,838 to €36,169
- Reserves +€14,077
up €14,077 (+41.5%), from €33,918 to €47,994
- Tax, wage and social debts +€8,301
up €8,301 (+181.8%), from €4,566 to €12,867
- Trade debts +€1,226
up €1,226 (+2503.8%), from €49 to €1,275
- Gross operating margin +€62,014
up €62,014 (+856.1%), from €7,244 to €69,258
- Taxes +€18,529
up €18,529 (+994.6%), from €1,863 to €20,392
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,371 | €98,306 | +€42,935 | +77.5% |
| Fixed assets | 21/28 | €4,220 | €2,904 | -€1,316 | -31.2% |
| Tangible fixed assets | 22/27 | €4,220 | €2,904 | -€1,316 | -31.2% |
| Furniture and vehicles | 24 | €2,220 | €904 | -€1,316 | -59.3% |
| Other tangible fixed assets | 26 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €51,150 | €95,401 | +€44,251 | +86.5% |
| Amounts receivable within one year | 40/41 | €20,480 | €9,258 | -€11,222 | -54.8% |
| Trade receivables | 40 | €20,480 | €9,244 | -€11,236 | -54.9% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €29,690 | €85,102 | +€55,412 | +186.6% |
| Deferred charges and accrued income | 490/1 | €981 | €1,041 | +€61 | +6.2% |
| Total equity and liabilities | 10/49 | €55,371 | €98,306 | +€42,935 | +77.5% |
| Equity | 10/15 | €33,918 | €47,994 | +€14,077 | +41.5% |
| Reserves | 13 | €33,918 | €47,994 | +€14,077 | +41.5% |
| Distributable reserves | 133 | €33,918 | €47,994 | +€14,077 | +41.5% |
| Amounts payable | 17/49 | €21,453 | €50,311 | +€28,858 | +134.5% |
| Amounts payable within one year | 42/48 | €21,453 | €50,311 | +€28,858 | +134.5% |
| Trade debts | 44 | €49 | €1,275 | +€1,226 | +2503.8% |
| Suppliers | 440/4 | €49 | €1,275 | +€1,226 | +2503.8% |
| Taxes, remuneration and social security | 45 | €4,566 | €12,867 | +€8,301 | +181.8% |
| Taxes | 450/3 | €4,566 | €12,867 | +€8,301 | +181.8% |
| Other amounts payable | 47/48 | €16,838 | €36,169 | +€19,331 | +114.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €1,316 | -€516 | -28.2% |
| Other operating charges | 640/8 | €430 | €444 | +€14 | +3.3% |
| Gross operating margin | 9900 | €7,244 | €69,258 | +€62,014 | +856.1% |
| Operating profit (loss) | 9901 | €4,982 | €67,497 | +€62,515 | +1254.8% |
| Financial income | 75/76B | €83 | €141 | +€58 | +69.2% |
| Recurring financial income | 75 | €83 | €141 | +€58 | +69.2% |
| Financial charges | 65/66B | €136 | €169 | +€33 | +24.3% |
| Recurring financial charges | 65 | €136 | €169 | +€33 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €4,929 | €67,469 | +€62,540 | +1268.8% |
| Income taxes | 67/77 | €1,863 | €20,392 | +€18,529 | +994.6% |
| Profit (loss) for the period | 9904 | €3,066 | €47,077 | +€44,011 | +1435.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,066 | €47,077 | +€44,011 | +1435.3% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.