CENLEC: 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.
CENLEC
Largest movements
- Cash +€13,747
up €13,747 (+10.2%), from €134,613 to €148,360
mainly Net result for the year (+€14,801) and Trade debts (+€1,988)
- Tangible fixed assets +€2,650
up €2,650, from €0 to €2,650
- Reserves +€14,801
up €14,801 (+11.8%), from €125,536 to €140,337
of which Distributable reserves: +€14,801
- Trade debts +€1,988
up €1,988 (+4084.7%), from €49 to €2,036
- Depreciation -€6,017
down €6,017 (-92.8%), from €6,481 to €464
- Gross operating margin +€3,710
up €3,710 (+19.9%), from €18,604 to €22,313
- Taxes +€2,128
up €2,128 (+58.5%), from €3,639 to €5,767
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 | €144,824 | €161,016 | +€16,192 | +11.2% |
| Fixed assets | 21/28 | €50 | €2,699 | +€2,650 | +5344.5% |
| Tangible fixed assets | 22/27 | €0 | €2,650 | +€2,650 | |
| Furniture and vehicles | 24 | €0 | €2,650 | +€2,650 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €144,774 | €158,317 | +€13,542 | +9.4% |
| Amounts receivable within one year | 40/41 | €9,211 | €9,396 | +€185 | +2.0% |
| Trade receivables | 40 | €4,584 | €2,037 | -€2,547 | -55.6% |
| Other amounts receivable | 41 | €4,627 | €7,358 | +€2,732 | +59.0% |
| Cash at bank and in hand | 54/58 | €134,613 | €148,360 | +€13,747 | +10.2% |
| Deferred charges and accrued income | 490/1 | €950 | €561 | -€389 | -41.0% |
| Total equity and liabilities | 10/49 | €144,824 | €161,016 | +€16,192 | +11.2% |
| Equity | 10/15 | €144,136 | €158,937 | +€14,801 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,536 | €140,337 | +€14,801 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,676 | €138,477 | +€14,801 | +12.0% |
| Amounts payable | 17/49 | €688 | €2,079 | +€1,392 | +202.4% |
| Amounts payable within one year | 42/48 | €688 | €2,079 | +€1,392 | +202.4% |
| Trade debts | 44 | €49 | €2,036 | +€1,988 | +4084.7% |
| Suppliers | 440/4 | €49 | €2,036 | +€1,988 | +4084.7% |
| Taxes, remuneration and social security | 45 | €639 | €43 | -€596 | -93.3% |
| Taxes | 450/3 | €639 | €43 | -€596 | -93.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,481 | €464 | -€6,017 | -92.8% |
| Other operating charges | 640/8 | €1,397 | €1,427 | +€30 | +2.2% |
| Gross operating margin | 9900 | €18,604 | €22,313 | +€3,710 | +19.9% |
| Operating profit (loss) | 9901 | €10,726 | €20,422 | +€9,696 | +90.4% |
| Financial income | 75/76B | €121 | €185 | +€64 | +52.7% |
| Recurring financial income | 75 | €121 | €185 | +€64 | +52.7% |
| Financial charges | 65/66B | €35 | €39 | +€4 | +12.0% |
| Recurring financial charges | 65 | €35 | €39 | +€4 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €10,812 | €20,568 | +€9,756 | +90.2% |
| Income taxes | 67/77 | €3,639 | €5,767 | +€2,128 | +58.5% |
| Profit (loss) for the period | 9904 | €7,173 | €14,801 | +€7,628 | +106.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,173 | €14,801 | +€7,628 | +106.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.