CENTENARY: 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.
CENTENARY
Largest movements
- Receivables within one year -€122,847
down €122,847 (-35.5%), from €346,062 to €223,215
of which Other amounts receivable: -€160,504
- Intangible fixed assets -€11,500
down €11,500 (-25.0%), from €45,968 to €34,468
- Trade debts -€147,576
down €147,576 (-81.1%), from €181,970 to €34,394
- Tax, wage and social debts +€7,127
up €7,127 (+14.8%), from €48,230 to €55,356
of which Remuneration and social security: +€14,726
- Financial income -€2,075
down €2,075 (-64.9%), from €3,199 to €1,124
- Gross operating margin +€1,781
up €1,781 (+12.5%), from €14,204 to €15,985
- Depreciation +€712
up €712 (+5.4%), from €13,208 to €13,919
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 | €406,255 | €265,512 | -€140,744 | -34.6% |
| Fixed assets | 21/28 | €54,349 | €40,430 | -€13,919 | -25.6% |
| Intangible fixed assets | 21 | €45,968 | €34,468 | -€11,500 | -25.0% |
| Tangible fixed assets | 22/27 | €8,381 | €5,962 | -€2,419 | -28.9% |
| Plant, machinery and equipment | 23 | €3,521 | €3,135 | -€387 | -11.0% |
| Furniture and vehicles | 24 | €4,860 | €2,827 | -€2,033 | -41.8% |
| Current assets | 29/58 | €351,906 | €225,082 | -€126,824 | -36.0% |
| Amounts receivable within one year | 40/41 | €346,062 | €223,215 | -€122,847 | -35.5% |
| Trade receivables | 40 | €138,891 | €176,548 | +€37,657 | +27.1% |
| Other amounts receivable | 41 | €207,171 | €46,667 | -€160,504 | -77.5% |
| Cash at bank and in hand | 54/58 | €4,981 | €977 | -€4,004 | -80.4% |
| Deferred charges and accrued income | 490/1 | €863 | €890 | +€27 | +3.1% |
| Total equity and liabilities | 10/49 | €406,255 | €265,512 | -€140,744 | -34.6% |
| Equity | 10/15 | €114,667 | €114,572 | -€95 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,067 | €95,972 | -€95 | -0.1% |
| Distributable reserves | 133 | €96,067 | €95,972 | -€95 | -0.1% |
| Amounts payable | 17/49 | €291,589 | €150,939 | -€140,649 | -48.2% |
| Amounts payable within one year | 42/48 | €291,589 | €150,939 | -€140,649 | -48.2% |
| Trade debts | 44 | €181,970 | €34,394 | -€147,576 | -81.1% |
| Suppliers | 440/4 | €181,970 | €34,394 | -€147,576 | -81.1% |
| Taxes, remuneration and social security | 45 | €48,230 | €55,356 | +€7,127 | +14.8% |
| Taxes | 450/3 | €41,479 | €33,879 | -€7,599 | -18.3% |
| Remuneration and social security | 454/9 | €6,751 | €21,477 | +€14,726 | +218.1% |
| Other amounts payable | 47/48 | €61,389 | €61,189 | -€200 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,208 | €13,919 | +€712 | +5.4% |
| Other operating charges | 640/8 | €1,352 | €1,401 | +€49 | +3.7% |
| Gross operating margin | 9900 | €14,204 | €15,985 | +€1,781 | +12.5% |
| Operating profit (loss) | 9901 | -€355 | €664 | +€1,020 | |
| Financial income | 75/76B | €3,199 | €1,124 | -€2,075 | -64.9% |
| Recurring financial income | 75 | €3,199 | €1,124 | -€2,075 | -64.9% |
| Financial charges | 65/66B | €138 | €126 | -€12 | -8.8% |
| Recurring financial charges | 65 | €138 | €126 | -€12 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €2,706 | €1,663 | -€1,043 | -38.5% |
| Income taxes | 67/77 | €1,826 | €1,758 | -€68 | -3.7% |
| Profit (loss) for the period | 9904 | €880 | -€95 | -€975 | |
| Profit (loss) for the period to be appropriated | 9905 | €880 | -€95 | -€975 |
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 4 October 2026 via checked.be.