Censini: 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.
Censini
Largest movements
- Cash -€111,461
down €111,461 (-34.3%), from €324,567 to €213,106
mainly Current investments (-€70,000) and Investment in fixed assets (net) (-€63,693)
- Current investments +€70,000
up €70,000 (+15.5%), from €451,659 to €521,659
- Tangible fixed assets +€50,614
up €50,614 (+216.1%), from €23,425 to €74,039
- Receivables within one year +€20,905
up €20,905 (+196.2%), from €10,656 to €31,561
of which Trade receivables: +€19,787
- Profit (loss) carried forward +€41,137
up €41,137 (+5.4%), from €760,250 to €801,387
- Turnover +€678,299
new in 2025: €678,299
- Purchases and services +€570,970
new in 2025: €570,970
- Gross operating margin -€12,155
down €12,155 (-10.0%), from €121,052 to €108,897
- Taxes -€11,040
down €11,040 (-59.5%), from €18,547 to €7,507
- Staff costs -€10,876
down €10,876 (-69.8%), from €15,577 to €4,701
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 | €1,051,052 | €1,085,748 | +€34,696 | +3.3% |
| Fixed assets | 21/28 | €61,940 | €112,554 | +€50,614 | +81.7% |
| Tangible fixed assets | 22/27 | €23,425 | €74,039 | +€50,614 | +216.1% |
| Furniture and vehicles | 24 | €23,425 | €74,039 | +€50,614 | +216.1% |
| Financial fixed assets | 28 | €38,515 | €38,515 | = | 0.0% |
| Current assets | 29/58 | €989,112 | €973,194 | -€15,918 | -1.6% |
| Stocks and contracts in progress | 3 | €199,230 | €206,868 | +€7,638 | +3.8% |
| Stocks | 30/36 | €199,230 | €206,868 | +€7,638 | +3.8% |
| Amounts receivable within one year | 40/41 | €10,656 | €31,561 | +€20,905 | +196.2% |
| Trade receivables | 40 | €9,262 | €29,049 | +€19,787 | +213.6% |
| Other amounts receivable | 41 | €1,394 | €2,512 | +€1,118 | +80.2% |
| Current investments | 50/53 | €451,659 | €521,659 | +€70,000 | +15.5% |
| Cash at bank and in hand | 54/58 | €324,567 | €213,106 | -€111,461 | -34.3% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €1,051,052 | €1,085,748 | +€34,696 | +3.3% |
| Equity | 10/15 | €873,138 | €914,275 | +€41,137 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €50,888 | €50,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,408 | €4,408 | = | 0.0% |
| Distributable reserves | 133 | €43,381 | €43,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €760,250 | €801,387 | +€41,137 | +5.4% |
| Provisions and deferred taxes | 16 | €104,372 | €104,372 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €104,372 | €104,372 | = | 0.0% |
| Pensions and similar obligations | 160 | €104,372 | €104,372 | = | 0.0% |
| Amounts payable | 17/49 | €73,542 | €67,101 | -€6,441 | -8.8% |
| Amounts payable within one year | 42/48 | €73,542 | €67,101 | -€6,441 | -8.8% |
| Trade debts | 44 | €23,457 | €24,211 | +€754 | +3.2% |
| Suppliers | 440/4 | €23,457 | €24,211 | +€754 | +3.2% |
| Taxes, remuneration and social security | 45 | €7,196 | - | -€7,196 | |
| Taxes | 450/3 | €7,196 | - | -€7,196 | |
| Other amounts payable | 47/48 | €42,889 | €42,890 | +€1 | 0.0% |
| Turnover | 70 | - | €678,299 | +€678,299 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €570,970 | +€570,970 | |
| Remuneration, social security and pensions | 62 | €15,577 | €4,701 | -€10,876 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,717 | €13,079 | +€2,362 | +22.0% |
| Other operating charges | 640/8 | €2,612 | €3,380 | +€768 | +29.4% |
| Gross operating margin | 9900 | €121,052 | €108,897 | -€12,155 | -10.0% |
| Operating profit (loss) | 9901 | €92,146 | €87,737 | -€4,409 | -4.8% |
| Financial income | 75/76B | €3,332 | €1,107 | -€2,225 | -66.8% |
| Recurring financial income | 75 | €3,332 | €1,107 | -€2,225 | -66.8% |
| Financial charges | 65/66B | €639 | - | -€639 | |
| Recurring financial charges | 65 | €639 | - | -€639 | |
| Profit (loss) for the period before taxes | 9903 | €94,839 | €88,844 | -€5,995 | -6.3% |
| Income taxes | 67/77 | €18,547 | €7,507 | -€11,040 | -59.5% |
| Profit (loss) for the period | 9904 | €76,292 | €81,337 | +€5,045 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,292 | €81,337 | +€5,045 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.