Cencenco: 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.
Cencenco
Largest movements
- Tangible fixed assets -€23,809
down €23,809 (-2.2%), from €1.1m to €1.1m
- Debts after one year -€61,646
down €61,646 (-7.0%), from €884,397 to €822,751
- Profit (loss) carried forward +€24,643
up €24,643, from -€24,643 to €0
- Reserves +€23,040
new in 2025: €23,040
- Other debts -€20,000
down €20,000 (-11.3%), from €176,450 to €156,450
- Gross operating margin +€25,697
up €25,697 (+38.5%), from €66,660 to €92,357
- Taxes +€5,760
new in 2025: €5,760
- Financial charges -€1,801
down €1,801 (-11.5%), from €15,722 to €13,920
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 | €1,107,550 | €1,083,238 | -€24,312 | -2.2% |
| Fixed assets | 21/28 | €1,098,107 | €1,074,298 | -€23,809 | -2.2% |
| Tangible fixed assets | 22/27 | €1,098,107 | €1,074,298 | -€23,809 | -2.2% |
| Land and buildings | 22 | €1,098,107 | €1,074,298 | -€23,809 | -2.2% |
| Current assets | 29/58 | €9,443 | €8,940 | -€503 | -5.3% |
| Cash at bank and in hand | 54/58 | €9,443 | €8,940 | -€503 | -5.3% |
| Total equity and liabilities | 10/49 | €1,107,550 | €1,083,238 | -€24,312 | -2.2% |
| Equity | 10/15 | -€14,643 | €33,040 | +€47,683 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €23,040 | +€23,040 | |
| Distributable reserves | 133 | - | €23,040 | +€23,040 | |
| Profit (loss) carried forward | 14 | -€24,643 | €0 | +€24,643 | |
| Amounts payable | 17/49 | €1,122,193 | €1,050,198 | -€71,995 | -6.4% |
| Amounts payable after more than one year | 17 | €884,397 | €822,751 | -€61,646 | -7.0% |
| Financial debts | 170/4 | €884,397 | €822,751 | -€61,646 | -7.0% |
| Amounts payable within one year | 42/48 | €237,796 | €227,447 | -€10,349 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €60,729 | €61,646 | +€917 | +1.5% |
| Trade debts | 44 | €617 | €3,591 | +€2,974 | +482% |
| Suppliers | 440/4 | €617 | €3,591 | +€2,974 | +482% |
| Taxes, remuneration and social security | 45 | - | €5,760 | +€5,760 | |
| Taxes | 450/3 | - | €5,760 | +€5,760 | |
| Other amounts payable | 47/48 | €176,450 | €156,450 | -€20,000 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,052 | €23,809 | +€758 | +3.3% |
| Other operating charges | 640/8 | €293 | €1,184 | +€891 | +304% |
| Gross operating margin | 9900 | €66,660 | €92,357 | +€25,697 | +38.5% |
| Operating profit (loss) | 9901 | €43,315 | €67,363 | +€24,048 | +55.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €15,722 | €13,920 | -€1,801 | -11.5% |
| Recurring financial charges | 65 | €15,722 | €13,920 | -€1,801 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €27,594 | €53,443 | +€25,848 | +93.7% |
| Income taxes | 67/77 | - | €5,760 | +€5,760 | |
| Profit (loss) for the period | 9904 | €27,594 | €47,683 | +€20,089 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,594 | €47,683 | +€20,089 | +72.8% |
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 13 October 2026 via checked.be.