CENPOTECH: 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.
CENPOTECH
Largest movements
- Current investments +€102,118
up €102,118 (+22.4%), from €456,577 to €558,695
- Cash -€71,979
down €71,979 (-23.8%), from €302,198 to €230,219
mainly Current investments (-€102,118) and Contributions, distributions and other (-€44,400)
- Receivables within one year +€15,769
up €15,769 (+4.1%), from €387,666 to €403,435
of which Trade receivables: +€40,287
- Reserves +€42,600
up €42,600 (+3.7%), from €1.2m to €1.2m
of which Distributable reserves: +€42,600
- Tax, wage and social debts -€14,248
down €14,248 (-73.6%), from €19,349 to €5,101
- Gross operating margin -€216,477
down €216,477 (-67.7%), from €319,653 to €103,176
- Taxes -€66,860
down €66,860 (-62.3%), from €107,249 to €40,389
- Financial income +€5,314
up €5,314 (+16.1%), from €33,059 to €38,374
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 | €1,214,345 | €1,249,096 | +€34,752 | +2.9% |
| Fixed assets | 21/28 | €63,673 | €55,014 | -€8,660 | -13.6% |
| Tangible fixed assets | 22/27 | €63,673 | €55,014 | -€8,660 | -13.6% |
| Land and buildings | 22 | €5,188 | €3,297 | -€1,890 | -36.4% |
| Plant, machinery and equipment | 23 | €39,261 | €39,013 | -€247 | -0.6% |
| Furniture and vehicles | 24 | €19,225 | €12,703 | -€6,522 | -33.9% |
| Current assets | 29/58 | €1,150,671 | €1,194,083 | +€43,411 | +3.8% |
| Stocks and contracts in progress | 3 | €2,024 | €0 | -€2,024 | -100.0% |
| Stocks | 30/36 | €2,024 | €0 | -€2,024 | -100.0% |
| Amounts receivable within one year | 40/41 | €387,666 | €403,435 | +€15,769 | +4.1% |
| Trade receivables | 40 | €671 | €40,958 | +€40,287 | +6003.8% |
| Other amounts receivable | 41 | €386,995 | €362,478 | -€24,518 | -6.3% |
| Current investments | 50/53 | €456,577 | €558,695 | +€102,118 | +22.4% |
| Cash at bank and in hand | 54/58 | €302,198 | €230,219 | -€71,979 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,206 | €1,734 | -€472 | -21.4% |
| Total equity and liabilities | 10/49 | €1,214,345 | €1,249,096 | +€34,752 | +2.9% |
| Equity | 10/15 | €1,185,821 | €1,228,965 | +€43,144 | +3.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,164,187 | €1,206,787 | +€42,600 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €42,912 | €42,912 | = | 0.0% |
| Distributable reserves | 133 | €1,121,275 | €1,163,875 | +€42,600 | +3.8% |
| Profit (loss) carried forward | 14 | €2,883 | €3,428 | +€544 | +18.9% |
| Amounts payable | 17/49 | €28,524 | €20,131 | -€8,392 | -29.4% |
| Amounts payable within one year | 42/48 | €28,524 | €20,131 | -€8,392 | -29.4% |
| Trade debts | 44 | €9,174 | €13,856 | +€4,682 | +51.0% |
| Suppliers | 440/4 | €9,174 | €13,856 | +€4,682 | +51.0% |
| Taxes, remuneration and social security | 45 | €19,349 | €5,101 | -€14,248 | -73.6% |
| Taxes | 450/3 | €19,349 | €5,101 | -€14,248 | -73.6% |
| Other amounts payable | 47/48 | - | €1,174 | +€1,174 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,030 | €8,660 | -€370 | -4.1% |
| Other operating charges | 640/8 | €3,979 | €4,633 | +€654 | +16.4% |
| Gross operating margin | 9900 | €319,653 | €103,176 | -€216,477 | -67.7% |
| Operating profit (loss) | 9901 | €306,644 | €89,884 | -€216,760 | -70.7% |
| Financial income | 75/76B | €33,059 | €38,374 | +€5,314 | +16.1% |
| Recurring financial income | 75 | €33,059 | €38,374 | +€5,314 | +16.1% |
| Financial charges | 65/66B | €204 | €324 | +€120 | +58.5% |
| Recurring financial charges | 65 | €204 | €324 | +€120 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €339,499 | €127,933 | -€211,565 | -62.3% |
| Income taxes | 67/77 | €107,249 | €40,389 | -€66,860 | -62.3% |
| Profit (loss) for the period | 9904 | €232,250 | €87,544 | -€144,706 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €232,250 | €87,544 | -€144,706 | -62.3% |
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 30 September 2026 via checked.be.