CENTECH: 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.
CENTECH
Largest movements
- Receivables within one year -€90,381
down €90,381 (-22.5%), from €402,474 to €312,094
of which Trade receivables: -€90,500
- Cash +€16,072
up €16,072 (+13.5%), from €119,241 to €135,313
mainly Receivables within one year (+€90,381) and Tax, wage and social debts (+€50,273)
- Stocks and contracts +€15,339
up €15,339 (+67.1%), from €22,875 to €38,214
- Tangible fixed assets -€12,143
down €12,143 (-3.9%), from €312,843 to €300,700
of which Land and buildings: -€15,976
- Deferred charges and accrued income +€10,840
up €10,840 (+465.4%), from €2,329 to €13,169
- Profit (loss) carried forward -€98,634
down €98,634 (-303.5%), from -€32,503 to -€131,136
- Tax, wage and social debts +€50,273
up €50,273 (+31.5%), from €159,590 to €209,863
of which Remuneration and social security: +€25,681
- Trade debts +€23,408
up €23,408 (+23.2%), from €100,784 to €124,192
- Debts after one year -€22,223
down €22,223 (-9.2%), from €241,357 to €219,134
of which Financial debts: -€72,223
- Staff costs +€68,230
up €68,230 (+7.1%), from €964,946 to €1.0m
- Gross operating margin -€47,579
down €47,579 (-4.6%), from €1.0m to €988,590
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 | €878,816 | €818,544 | -€60,272 | -6.9% |
| Fixed assets | 21/28 | €329,241 | €317,098 | -€12,143 | -3.7% |
| Tangible fixed assets | 22/27 | €312,843 | €300,700 | -€12,143 | -3.9% |
| Land and buildings | 22 | €299,262 | €283,286 | -€15,976 | -5.3% |
| Plant, machinery and equipment | 23 | €9,746 | €3,873 | -€5,873 | -60.3% |
| Furniture and vehicles | 24 | €3,834 | €13,541 | +€9,707 | +253.2% |
| Financial fixed assets | 28 | €16,398 | €16,398 | = | 0.0% |
| Current assets | 29/58 | €549,576 | €501,446 | -€48,130 | -8.8% |
| Amounts receivable after more than one year | 29 | €2,657 | €2,657 | = | 0.0% |
| Trade receivables | 290 | €2,657 | €2,657 | = | 0.0% |
| Stocks and contracts in progress | 3 | €22,875 | €38,214 | +€15,339 | +67.1% |
| Stocks | 30/36 | €22,875 | €38,214 | +€15,339 | +67.1% |
| Amounts receivable within one year | 40/41 | €402,474 | €312,094 | -€90,381 | -22.5% |
| Trade receivables | 40 | €402,474 | €311,974 | -€90,500 | -22.5% |
| Other amounts receivable | 41 | - | €119 | +€119 | |
| Cash at bank and in hand | 54/58 | €119,241 | €135,313 | +€16,072 | +13.5% |
| Deferred charges and accrued income | 490/1 | €2,329 | €13,169 | +€10,840 | +465.4% |
| Total equity and liabilities | 10/49 | €878,816 | €818,544 | -€60,272 | -6.9% |
| Equity | 10/15 | €40,733 | -€57,901 | -€98,634 | |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €54,485 | €54,485 | = | 0.0% |
| Distributable reserves | 133 | €54,485 | €54,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,503 | -€131,136 | -€98,634 | -303.5% |
| Amounts payable | 17/49 | €838,084 | €876,445 | +€38,361 | +4.6% |
| Amounts payable after more than one year | 17 | €241,357 | €219,134 | -€22,223 | -9.2% |
| Financial debts | 170/4 | €241,057 | €168,834 | -€72,223 | -30.0% |
| Other amounts payable | 178/9 | €300 | €50,300 | +€50,000 | +16666.7% |
| Amounts payable within one year | 42/48 | €585,575 | €654,482 | +€68,907 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €44,226 | €42,860 | -€1,366 | -3.1% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €100,784 | €124,192 | +€23,408 | +23.2% |
| Suppliers | 440/4 | €100,784 | €124,192 | +€23,408 | +23.2% |
| Advances received on contracts in progress | 46 | - | €474 | +€474 | |
| Taxes, remuneration and social security | 45 | €159,590 | €209,863 | +€50,273 | +31.5% |
| Taxes | 450/3 | €50,757 | €75,349 | +€24,592 | +48.4% |
| Remuneration and social security | 454/9 | €108,832 | €134,513 | +€25,681 | +23.6% |
| Other amounts payable | 47/48 | €30,975 | €27,093 | -€3,882 | -12.5% |
| Accrued charges and deferred income | 492/3 | €11,152 | €2,829 | -€8,323 | -74.6% |
| Remuneration, social security and pensions | 62 | €964,946 | €1,033,176 | +€68,230 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,944 | €27,888 | +€944 | +3.5% |
| Other operating charges | 640/8 | €3,805 | €8,587 | +€4,782 | +125.7% |
| Non-recurring operating charges | 66A | €149 | €48 | -€101 | -67.6% |
| Gross operating margin | 9900 | €1,036,168 | €988,590 | -€47,579 | -4.6% |
| Operating profit (loss) | 9901 | €40,325 | -€81,108 | -€121,433 | |
| Financial income | 75/76B | €144 | €5,898 | +€5,754 | +3982.5% |
| Recurring financial income | 75 | €144 | €104 | -€40 | -27.8% |
| Non-recurring financial income | 76B | - | €5,794 | +€5,794 | |
| Financial charges | 65/66B | €29,428 | €23,223 | -€6,205 | -21.1% |
| Recurring financial charges | 65 | €29,428 | €23,223 | -€6,205 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €11,041 | -€98,434 | -€109,474 | |
| Income taxes | 67/77 | €181 | €200 | +€19 | +10.7% |
| Profit (loss) for the period | 9904 | €10,860 | -€98,634 | -€109,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,860 | -€98,634 | -€109,494 |
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.