CenT: 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.
CenT
Largest movements
- Tangible fixed assets +€431,068
up €431,068 (+58.4%), from €737,569 to €1.2m
of which Land and buildings: +€551,579
- Cash +€71,072
up €71,072 (+36.3%), from €196,053 to €267,126
mainly Debts after one year (+€418,465) and Depreciation (+€167,317)
- Receivables within one year +€31,287
up €31,287 (+17.4%), from €179,450 to €210,737
of which Trade receivables: +€25,735
- Debts after one year +€418,465
up €418,465 (+235.8%), from €177,437 to €595,903
- Profit (loss) carried forward +€148,371
up €148,371 (+45.8%), from €324,105 to €472,476
- Other debts -€65,848
down €65,848 (-97.2%), from €67,725 to €1,877
- Tax, wage and social debts +€52,997
up €52,997 (+43.0%), from €123,205 to €176,202
of which Remuneration and social security: +€53,831
- Current portion of long-term debt -€45,769
down €45,769 (-51.3%), from €89,180 to €43,411
- Gross operating margin +€116,541
up €116,541 (+14.4%), from €807,669 to €924,210
- Staff costs +€48,461
up €48,461 (+9.9%), from €488,294 to €536,755
- Depreciation -€15,858
down €15,858 (-8.7%), from €183,175 to €167,317
- Financial charges +€9,536
up €9,536 (+162.5%), from €5,867 to €15,402
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,144,575 | €1,680,333 | +€535,759 | +46.8% |
| Fixed assets | 21/28 | €753,959 | €1,202,471 | +€448,512 | +59.5% |
| Intangible fixed assets | 21 | €12,690 | €21,534 | +€8,844 | +69.7% |
| Tangible fixed assets | 22/27 | €737,569 | €1,168,637 | +€431,068 | +58.4% |
| Land and buildings | 22 | - | €551,579 | +€551,579 | |
| Plant, machinery and equipment | 23 | €43,476 | €45,931 | +€2,455 | +5.6% |
| Furniture and vehicles | 24 | €620,949 | €504,178 | -€116,771 | -18.8% |
| Other tangible fixed assets | 26 | €73,145 | €66,950 | -€6,195 | -8.5% |
| Financial fixed assets | 28 | €3,700 | €12,300 | +€8,600 | +232.4% |
| Current assets | 29/58 | €390,615 | €477,862 | +€87,247 | +22.3% |
| Amounts receivable within one year | 40/41 | €179,450 | €210,737 | +€31,287 | +17.4% |
| Trade receivables | 40 | €159,269 | €185,004 | +€25,735 | +16.2% |
| Other amounts receivable | 41 | €20,181 | €25,733 | +€5,552 | +27.5% |
| Cash at bank and in hand | 54/58 | €196,053 | €267,126 | +€71,072 | +36.3% |
| Deferred charges and accrued income | 490/1 | €15,112 | €0 | -€15,112 | -100.0% |
| Total equity and liabilities | 10/49 | €1,144,575 | €1,680,333 | +€535,759 | +46.8% |
| Equity | 10/15 | €624,565 | €772,936 | +€148,371 | +23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,860 | €281,860 | = | 0.0% |
| 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 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,105 | €472,476 | +€148,371 | +45.8% |
| Amounts payable | 17/49 | €520,009 | €907,397 | +€387,388 | +74.5% |
| Amounts payable after more than one year | 17 | €177,437 | €595,903 | +€418,465 | +235.8% |
| Financial debts | 170/4 | €177,437 | €595,903 | +€418,465 | +235.8% |
| Amounts payable within one year | 42/48 | €342,572 | €311,494 | -€31,078 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €89,180 | €43,411 | -€45,769 | -51.3% |
| Trade debts | 44 | €62,461 | €90,004 | +€27,543 | +44.1% |
| Suppliers | 440/4 | €62,461 | €90,004 | +€27,543 | +44.1% |
| Taxes, remuneration and social security | 45 | €123,205 | €176,202 | +€52,997 | +43.0% |
| Taxes | 450/3 | €38,767 | €37,933 | -€834 | -2.2% |
| Remuneration and social security | 454/9 | €84,439 | €138,269 | +€53,831 | +63.8% |
| Other amounts payable | 47/48 | €67,725 | €1,877 | -€65,848 | -97.2% |
| Non-recurring operating income | 76A | €407 | €12,926 | +€12,519 | +3074.6% |
| Remuneration, social security and pensions | 62 | €488,294 | €536,755 | +€48,461 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,175 | €167,317 | -€15,858 | -8.7% |
| Other operating charges | 640/8 | €12,515 | €7,113 | -€5,402 | -43.2% |
| Gross operating margin | 9900 | €807,669 | €924,210 | +€116,541 | +14.4% |
| Operating profit (loss) | 9901 | €123,685 | €213,025 | +€89,340 | +72.2% |
| Financial income | 75/76B | €2,903 | €196 | -€2,706 | -93.2% |
| Recurring financial income | 75 | €2,903 | €196 | -€2,706 | -93.2% |
| Financial charges | 65/66B | €5,867 | €15,402 | +€9,536 | +162.5% |
| Recurring financial charges | 65 | €5,867 | €15,402 | +€9,536 | +162.5% |
| Profit (loss) for the period before taxes | 9903 | €120,721 | €197,819 | +€77,098 | +63.9% |
| Income taxes | 67/77 | €41,819 | €49,448 | +€7,628 | +18.2% |
| Profit (loss) for the period | 9904 | €78,901 | €148,371 | +€69,470 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,901 | €148,371 | +€69,470 | +88.0% |
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 29 September 2026 via checked.be.