Cenico: 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.
Cenico
Largest movements
- Tangible fixed assets +€661,093
up €661,093 (+6807.3%), from €9,711 to €670,805
of which Other tangible fixed assets: +€643,473
- Current investments -€80,000
down €80,000 (-44.6%), from €179,526 to €99,526
- Receivables within one year +€22,466
up €22,466 (+64.3%), from €34,925 to €57,390
of which Trade receivables: +€11,798
- Deferred charges and accrued income +€17,250
new in 2025: €17,250
- Debts after one year +€631,415
new in 2025: €631,415
- Current portion of long-term debt +€30,687
new in 2025: €30,687
- Tax, wage and social debts -€25,714
down €25,714 (-68.4%), from €37,568 to €11,854
- Profit (loss) carried forward -€12,453
down €12,453, from €4,058 to -€8,395
- Other debts -€11,659
no longer reported in 2025 (was €11,659)
- Other operating charges +€94,622
up €94,622 (+1729.6%), from €5,471 to €100,093
- Taxes -€25,527
down €25,527 (-93.2%), from €27,398 to €1,872
- Gross operating margin +€25,193
up €25,193 (+25.2%), from €100,119 to €125,312
- Depreciation +€22,648
up €22,648 (+1441.9%), from €1,571 to €24,219
- Financial charges +€17,513
up €17,513 (+1644.6%), from €1,065 to €18,578
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 | €271,921 | €887,180 | +€615,258 | +226.3% |
| Fixed assets | 21/28 | €9,711 | €670,805 | +€661,093 | +6807.3% |
| Tangible fixed assets | 22/27 | €9,711 | €670,805 | +€661,093 | +6807.3% |
| Land and buildings | 22 | - | €13,821 | +€13,821 | |
| Plant, machinery and equipment | 23 | €7,025 | €6,131 | -€893 | -12.7% |
| Furniture and vehicles | 24 | - | €4,692 | +€4,692 | |
| Other tangible fixed assets | 26 | €2,687 | €646,160 | +€643,473 | +23949.0% |
| Current assets | 29/58 | €262,210 | €216,375 | -€45,835 | -17.5% |
| Amounts receivable within one year | 40/41 | €34,925 | €57,390 | +€22,466 | +64.3% |
| Trade receivables | 40 | €26,923 | €38,720 | +€11,798 | +43.8% |
| Other amounts receivable | 41 | €8,002 | €18,670 | +€10,668 | +133.3% |
| Current investments | 50/53 | €179,526 | €99,526 | -€80,000 | -44.6% |
| Cash at bank and in hand | 54/58 | €47,759 | €42,208 | -€5,551 | -11.6% |
| Deferred charges and accrued income | 490/1 | - | €17,250 | +€17,250 | |
| Total equity and liabilities | 10/49 | €271,921 | €887,180 | +€615,258 | +226.3% |
| Equity | 10/15 | €221,058 | €208,605 | -€12,453 | -5.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €215,000 | €215,000 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,058 | -€8,395 | -€12,453 | |
| Amounts payable | 17/49 | €50,863 | €678,574 | +€627,711 | +1234.1% |
| Amounts payable after more than one year | 17 | - | €631,415 | +€631,415 | |
| Financial debts | 170/4 | - | €631,415 | +€631,415 | |
| Amounts payable within one year | 42/48 | €50,863 | €47,159 | -€3,704 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | - | €30,687 | +€30,687 | |
| Trade debts | 44 | €1,636 | €1,593 | -€43 | -2.6% |
| Suppliers | 440/4 | €1,636 | €1,593 | -€43 | -2.6% |
| Advances received on contracts in progress | 46 | - | €3,025 | +€3,025 | |
| Taxes, remuneration and social security | 45 | €37,568 | €11,854 | -€25,714 | -68.4% |
| Taxes | 450/3 | €37,568 | €11,854 | -€25,714 | -68.4% |
| Other amounts payable | 47/48 | €11,659 | - | -€11,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,571 | €24,219 | +€22,648 | +1441.9% |
| Other operating charges | 640/8 | €5,471 | €100,093 | +€94,622 | +1729.6% |
| Gross operating margin | 9900 | €100,119 | €125,312 | +€25,193 | +25.2% |
| Operating profit (loss) | 9901 | €93,077 | €1,000 | -€92,077 | -98.9% |
| Financial income | 75/76B | €3,032 | €6,997 | +€3,965 | +130.8% |
| Recurring financial income | 75 | €3,032 | €6,997 | +€3,965 | +130.8% |
| Financial charges | 65/66B | €1,065 | €18,578 | +€17,513 | +1644.6% |
| Recurring financial charges | 65 | €1,065 | €18,578 | +€17,513 | +1644.6% |
| Profit (loss) for the period before taxes | 9903 | €95,044 | -€10,581 | -€105,625 | |
| Income taxes | 67/77 | €27,398 | €1,872 | -€25,527 | -93.2% |
| Profit (loss) for the period | 9904 | €67,646 | -€12,453 | -€80,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,646 | -€12,453 | -€80,099 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.