Centaur +Zander: 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.
Centaur +Zander
Largest movements
- Cash -€12,255
down €12,255 (-52.8%), from €23,228 to €10,973
mainly Net result for the year (-€11,254) and Receivables within one year (-€3,275)
- Tangible fixed assets -€4,075
down €4,075 (-29.6%), from €13,749 to €9,674
of which Furniture and vehicles: -€2,700
- Receivables within one year +€3,275
up €3,275 (+12.2%), from €26,784 to €30,059
- Profit (loss) carried forward -€11,254
down €11,254 (-49.7%), from -€22,629 to -€33,883
- Tax, wage and social debts -€1,535
no longer reported in 2025 (was €1,535)
- Gross operating margin -€8,058
down €8,058 (-14.4%), from €56,073 to €48,016
- Staff costs +€5,725
up €5,725 (+12.5%), from €45,716 to €51,441
- Depreciation -€3,262
down €3,262 (-44.5%), from €7,337 to €4,075
- Financial charges +€2,032
up €2,032 (+522%), from €390 to €2,422
- Other operating charges -€681
down €681 (-33.8%), from €2,013 to €1,332
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.
Derived cash bridge
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 | €63,832 | €50,778 | -€13,054 | -20.5% |
| Fixed assets | 21/28 | €13,749 | €9,674 | -€4,075 | -29.6% |
| Tangible fixed assets | 22/27 | €13,749 | €9,674 | -€4,075 | -29.6% |
| Plant, machinery and equipment | 23 | €10,324 | €8,950 | -€1,374 | -13.3% |
| Furniture and vehicles | 24 | €3,425 | €724 | -€2,700 | -78.9% |
| Current assets | 29/58 | €50,083 | €41,104 | -€8,979 | -17.9% |
| Amounts receivable within one year | 40/41 | €26,784 | €30,059 | +€3,275 | +12.2% |
| Other amounts receivable | 41 | €26,784 | €30,059 | +€3,275 | +12.2% |
| Cash at bank and in hand | 54/58 | €23,228 | €10,973 | -€12,255 | -52.8% |
| Deferred charges and accrued income | 490/1 | €72 | €73 | +€1 | +1.3% |
| Total equity and liabilities | 10/49 | €63,832 | €50,778 | -€13,054 | -20.5% |
| Equity | 10/15 | €60,397 | €49,143 | -€11,254 | -18.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €8,658 | €8,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €1,221 | €1,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,629 | -€33,883 | -€11,254 | -49.7% |
| Amounts payable | 17/49 | €3,435 | €1,635 | -€1,800 | -52.4% |
| Amounts payable within one year | 42/48 | €3,435 | €1,635 | -€1,800 | -52.4% |
| Trade debts | 44 | €1,900 | €1,635 | -€265 | -14.0% |
| Suppliers | 440/4 | €1,900 | €1,635 | -€265 | -14.0% |
| Taxes, remuneration and social security | 45 | €1,535 | - | -€1,535 | |
| Taxes | 450/3 | €1,535 | - | -€1,535 | |
| Remuneration, social security and pensions | 62 | €45,716 | €51,441 | +€5,725 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,337 | €4,075 | -€3,262 | -44.5% |
| Other operating charges | 640/8 | €2,013 | €1,332 | -€681 | -33.8% |
| Gross operating margin | 9900 | €56,073 | €48,016 | -€8,058 | -14.4% |
| Operating profit (loss) | 9901 | €1,008 | -€8,832 | -€9,839 | |
| Financial charges | 65/66B | €390 | €2,422 | +€2,032 | +522% |
| Recurring financial charges | 65 | €390 | €2,422 | +€2,032 | +522% |
| Profit (loss) for the period before taxes | 9903 | €618 | -€11,254 | -€11,872 | |
| Income taxes | 67/77 | €252 | - | -€252 | |
| Profit (loss) for the period | 9904 | €366 | -€11,254 | -€11,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €366 | -€11,254 | -€11,619 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.