CENTAUR-FT: 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.
CENTAUR-FT
Largest movements
- Receivables within one year +€41,279
up €41,279 (+335.0%), from €12,321 to €53,600
of which Trade receivables: +€41,833
- Cash -€15,766
down €15,766 (-33.9%), from €46,527 to €30,761
mainly Receivables within one year (-€41,279) and Accrued charges and deferred income (-€2,027)
- Stocks and contracts -€7,000
down €7,000 (-20.4%), from €34,350 to €27,350
- Deferred charges and accrued income -€2,103
down €2,103 (-42.8%), from €4,909 to €2,806
- Reserves +€10,709
up €10,709 (+21.9%), from €48,924 to €59,633
- Tax, wage and social debts +€6,098
up €6,098 (+30.4%), from €20,063 to €26,161
of which Taxes: +€5,741
- Other debts +€2,817
up €2,817 (+20.9%), from €13,455 to €16,272
- Accrued charges and deferred income -€2,027
down €2,027 (-100.0%), from €2,027 to €0
- Gross operating margin -€49,733
down €49,733 (-74.0%), from €67,181 to €17,448
- Taxes -€10,694
down €10,694 (-77.5%), from €13,800 to €3,106
- Financial charges -€946
down €946 (-35.8%), from €2,647 to €1,700
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 | €102,007 | €118,893 | +€16,887 | +16.6% |
| Fixed assets | 21/28 | €3,899 | €4,376 | +€477 | +12.2% |
| Tangible fixed assets | 22/27 | €1,699 | €2,176 | +€477 | +28.0% |
| Plant, machinery and equipment | 23 | €1,699 | €1,148 | -€551 | -32.4% |
| Furniture and vehicles | 24 | - | €1,028 | +€1,028 | |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €98,107 | €114,517 | +€16,410 | +16.7% |
| Stocks and contracts in progress | 3 | €34,350 | €27,350 | -€7,000 | -20.4% |
| Stocks | 30/36 | €34,350 | €27,350 | -€7,000 | -20.4% |
| Amounts receivable within one year | 40/41 | €12,321 | €53,600 | +€41,279 | +335.0% |
| Trade receivables | 40 | €11,590 | €53,423 | +€41,833 | +360.9% |
| Other amounts receivable | 41 | €731 | €177 | -€554 | -75.8% |
| Cash at bank and in hand | 54/58 | €46,527 | €30,761 | -€15,766 | -33.9% |
| Deferred charges and accrued income | 490/1 | €4,909 | €2,806 | -€2,103 | -42.8% |
| Total equity and liabilities | 10/49 | €102,007 | €118,893 | +€16,887 | +16.6% |
| Equity | 10/15 | €53,924 | €64,633 | +€10,709 | +19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,924 | €59,633 | +€10,709 | +21.9% |
| Distributable reserves | 133 | €48,924 | €59,633 | +€10,709 | +21.9% |
| Amounts payable | 17/49 | €48,082 | €54,260 | +€6,178 | +12.8% |
| Amounts payable within one year | 42/48 | €46,055 | €54,260 | +€8,205 | +17.8% |
| Trade debts | 44 | €12,537 | €11,828 | -€709 | -5.7% |
| Suppliers | 440/4 | €12,537 | €11,828 | -€709 | -5.7% |
| Taxes, remuneration and social security | 45 | €20,063 | €26,161 | +€6,098 | +30.4% |
| Taxes | 450/3 | €19,107 | €24,848 | +€5,741 | +30.0% |
| Remuneration and social security | 454/9 | €956 | €1,313 | +€356 | +37.3% |
| Other amounts payable | 47/48 | €13,455 | €16,272 | +€2,817 | +20.9% |
| Accrued charges and deferred income | 492/3 | €2,027 | €0 | -€2,027 | -100.0% |
| Remuneration, social security and pensions | 62 | €320 | €276 | -€44 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056 | €680 | -€377 | -35.7% |
| Other operating charges | 640/8 | €438 | €989 | +€551 | +125.8% |
| Gross operating margin | 9900 | €67,181 | €17,448 | -€49,733 | -74.0% |
| Operating profit (loss) | 9901 | €65,367 | €15,503 | -€49,864 | -76.3% |
| Financial income | 75/76B | €4 | €12 | +€8 | +201.7% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +201.7% |
| Financial charges | 65/66B | €2,647 | €1,700 | -€946 | -35.8% |
| Recurring financial charges | 65 | €2,647 | €1,700 | -€946 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €62,724 | €13,815 | -€48,909 | -78.0% |
| Income taxes | 67/77 | €13,800 | €3,106 | -€10,694 | -77.5% |
| Profit (loss) for the period | 9904 | €48,924 | €10,709 | -€38,215 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,924 | €10,709 | -€38,215 | -78.1% |
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 5 October 2026 via checked.be.