CENTENO: 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.
What changed
CENTENO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€141,860
2024 · €100,553+€41,307
Equity
€2.3m
2024 · €2.2m+€141,860
Cash
€34,802
2024 · €63,457-€28,655
Balance sheet total
€5.1m
2024 · €5.0m+€86,306
Largest movements
Assets
- Tangible fixed assets +€112,592
up €112,592 (+2.3%), from €4.9m to €5.0m
of which Land and buildings: +€153,117
Equity and liabilities
- Reserves +€141,860
up €141,860 (+14.4%), from €983,109 to €1.1m
of which Tax-exempt reserves: +€85,324
- Debts after one year -€102,715
down €102,715 (-4.3%), from €2.4m to €2.3m
Income statement
- Staff costs -€53,109
down €53,109 (-88.9%), from €59,743 to €6,634
- Gross operating margin +€26,672
up €26,672 (+4.2%), from €636,450 to €663,122
- Other operating charges +€19,228
up €19,228 (+47.6%), from €40,356 to €59,584
- Taxes +€13,252
up €13,252 (+37.0%), from €35,790 to €49,043
- Depreciation +€12,538
up €12,538 (+3.9%), from €320,522 to €333,061
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.
Result 2024
€100,553
Gross operating margin
+€26,672
Staff costs
+€53,109
Depreciation
-€12,538
Other operating charges
-€19,228
Other operating items
+€3,000
Financial income
+€2,732
Financial charges
+€812
Taxes
-€13,252
Result 2025
€141,860
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.
From operations
+€516,844
Investment
-€445,652
Financing
-€99,846
Cash 2024
€63,457
From operations (derived)
+€516,844
Net result for the year
+€141,860
Depreciation
+€333,061
Receivables within one year
-€8,043
Deferred charges and accrued income
+€5,673
Trade debts
+€20,382
Tax, wage and social debts
+€1,318
Other debts
+€17,185
Accrued charges and deferred income
+€5,408
Investment (derived)
-€445,652
Investment in fixed assets (net)
-€445,652
Financing
-€99,846
Debts after one year
-€102,715
Current portion of long-term debt
+€2,869
Cash 2025
€34,802
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,001,245 | €5,087,551 | +€86,306 | +1.7% |
| Fixed assets | 21/28 | €4,861,774 | €4,974,366 | +€112,592 | +2.3% |
| Tangible fixed assets | 22/27 | €4,861,739 | €4,974,331 | +€112,592 | +2.3% |
| Land and buildings | 22 | €4,759,304 | €4,912,421 | +€153,117 | +3.2% |
| Plant, machinery and equipment | 23 | €15,959 | €10,749 | -€5,210 | -32.6% |
| Furniture and vehicles | 24 | €86,476 | €51,161 | -€35,315 | -40.8% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €139,471 | €113,185 | -€26,286 | -18.8% |
| Amounts receivable within one year | 40/41 | €22,343 | €30,386 | +€8,043 | +36.0% |
| Trade receivables | 40 | €19,682 | €26,727 | +€7,044 | +35.8% |
| Other amounts receivable | 41 | €2,661 | €3,659 | +€998 | +37.5% |
| Cash at bank and in hand | 54/58 | €63,457 | €34,802 | -€28,655 | -45.2% |
| Deferred charges and accrued income | 490/1 | €53,670 | €47,997 | -€5,673 | -10.6% |
| Total equity and liabilities | 10/49 | €5,001,245 | €5,087,551 | +€86,306 | +1.7% |
| Equity | 10/15 | €2,197,787 | €2,339,647 | +€141,860 | +6.5% |
| Contributions | 10/11 | €1,214,678 | €1,214,678 | = | 0.0% |
| Capital | 10 | €1,214,678 | €1,214,678 | = | 0.0% |
| Issued capital | 100 | €1,214,678 | €1,214,678 | = | 0.0% |
| Reserves | 13 | €983,109 | €1,124,969 | +€141,860 | +14.4% |
| Non-distributable reserves | 130/1 | €121,468 | €121,468 | = | 0.0% |
| Legal reserve | 130 | €121,468 | €121,468 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €85,324 | +€85,324 | |
| Distributable reserves | 133 | €861,641 | €918,177 | +€56,536 | +6.6% |
| Amounts payable | 17/49 | €2,803,458 | €2,747,904 | -€55,553 | -2.0% |
| Amounts payable after more than one year | 17 | €2,393,399 | €2,290,684 | -€102,715 | -4.3% |
| Financial debts | 170/4 | €2,393,399 | €2,290,684 | -€102,715 | -4.3% |
| Amounts payable within one year | 42/48 | €353,960 | €395,714 | +€41,754 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €199,846 | €202,715 | +€2,869 | +1.4% |
| Trade debts | 44 | €60,098 | €80,480 | +€20,382 | +33.9% |
| Suppliers | 440/4 | €60,098 | €80,480 | +€20,382 | +33.9% |
| Taxes, remuneration and social security | 45 | €10,970 | €12,289 | +€1,318 | +12.0% |
| Taxes | 450/3 | €10,970 | €12,289 | +€1,318 | +12.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €83,045 | €100,230 | +€17,185 | +20.7% |
| Accrued charges and deferred income | 492/3 | €56,098 | €61,507 | +€5,408 | +9.6% |
| Remuneration, social security and pensions | 62 | €59,743 | €6,634 | -€53,109 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,522 | €333,061 | +€12,538 | +3.9% |
| Other operating charges | 640/8 | €40,356 | €59,584 | +€19,228 | +47.6% |
| Non-recurring operating charges | 66A | €3,000 | €0 | -€3,000 | -100.0% |
| Gross operating margin | 9900 | €636,450 | €663,122 | +€26,672 | +4.2% |
| Operating profit (loss) | 9901 | €212,828 | €263,843 | +€51,015 | +24.0% |
| Financial income | 75/76B | €215 | €2,947 | +€2,732 | +1273.7% |
| Recurring financial income | 75 | €215 | €2,947 | +€2,732 | +1273.7% |
| Financial charges | 65/66B | €76,700 | €75,888 | -€812 | -1.1% |
| Recurring financial charges | 65 | €76,700 | €75,888 | -€812 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €136,343 | €190,902 | +€54,559 | +40.0% |
| Income taxes | 67/77 | €35,790 | €49,043 | +€13,252 | +37.0% |
| Profit (loss) for the period | 9904 | €100,553 | €141,860 | +€41,307 | +41.1% |
| Transfer to tax-exempt reserves | 689 | - | €85,324 | +€85,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,553 | €56,536 | -€44,017 | -43.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.