Center 26: 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.
Center 26
Largest movements
- Cash -€1.5m
down €1.5m (-97.8%), from €1.5m to €32,818
mainly Other debts (-€1.5m) and Current investments (-€550,000)
- Current investments +€550,000
new in 2025: €550,000
- Tangible fixed assets -€225,054
down €225,054 (-18.6%), from €1.2m to €983,806
- Other debts -€1.5m
no longer reported in 2025 (was €1.5m)
- Reserves +€359,999
up €359,999 (+85.9%), from €419,135 to €779,133
of which Distributable reserves: +€341,999
- Gross operating margin +€130,176
up €130,176 (+21.4%), from €608,871 to €739,047
- Taxes +€25,332
up €25,332 (+27.1%), from €93,523 to €118,854
- Financial income -€18,978
down €18,978 (-60.4%), from €31,404 to €12,426
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 | €2,999,272 | €1,872,430 | -€1.1m | -37.6% |
| Fixed assets | 21/28 | €1,208,859 | €983,806 | -€225,054 | -18.6% |
| Tangible fixed assets | 22/27 | €1,208,859 | €983,806 | -€225,054 | -18.6% |
| Land and buildings | 22 | €1,208,859 | €983,806 | -€225,054 | -18.6% |
| Current assets | 29/58 | €1,790,413 | €888,624 | -€901,788 | -50.4% |
| Amounts receivable within one year | 40/41 | €252,591 | €270,429 | +€17,838 | +7.1% |
| Trade receivables | 40 | €252,591 | €270,429 | +€17,838 | +7.1% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €1,501,126 | €32,818 | -€1.5m | -97.8% |
| Deferred charges and accrued income | 490/1 | €36,696 | €35,377 | -€1,319 | -3.6% |
| Total equity and liabilities | 10/49 | €2,999,272 | €1,872,430 | -€1.1m | -37.6% |
| Equity | 10/15 | €1,419,135 | €1,779,133 | +€359,999 | +25.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €419,135 | €779,133 | +€359,999 | +85.9% |
| Non-distributable reserves | 130/1 | €98,595 | €116,595 | +€18,000 | +18.3% |
| Legal reserve | 130 | €98,595 | €116,595 | +€18,000 | +18.3% |
| Tax-exempt reserves | 132 | €8,766 | €8,766 | = | 0.0% |
| Distributable reserves | 133 | €311,774 | €653,773 | +€341,999 | +110% |
| Amounts payable | 17/49 | €1,580,137 | €93,296 | -€1.5m | -94.1% |
| Amounts payable within one year | 42/48 | €1,552,461 | €67,475 | -€1.5m | -95.7% |
| Trade debts | 44 | €25,429 | €33,988 | +€8,559 | +33.7% |
| Suppliers | 440/4 | €25,429 | €33,988 | +€8,559 | +33.7% |
| Advances received on contracts in progress | 46 | €2,900 | €2,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,132 | €30,587 | -€11,546 | -27.4% |
| Taxes | 450/3 | €42,132 | €30,587 | -€11,546 | -27.4% |
| Other amounts payable | 47/48 | €1,482,000 | - | -€1.5m | |
| Accrued charges and deferred income | 492/3 | €27,676 | €25,821 | -€1,855 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,805 | €226,032 | +€227 | +0.1% |
| Other operating charges | 640/8 | €45,200 | €46,687 | +€1,487 | +3.3% |
| Gross operating margin | 9900 | €608,871 | €739,047 | +€130,176 | +21.4% |
| Operating profit (loss) | 9901 | €337,866 | €466,329 | +€128,463 | +38.0% |
| Financial income | 75/76B | €31,404 | €12,426 | -€18,978 | -60.4% |
| Recurring financial income | 75 | €31,404 | €12,426 | -€18,978 | -60.4% |
| Financial charges | 65/66B | €112 | -€98 | -€211 | |
| Recurring financial charges | 65 | €112 | -€98 | -€211 | |
| Profit (loss) for the period before taxes | 9903 | €369,157 | €478,853 | +€109,696 | +29.7% |
| Income taxes | 67/77 | €93,523 | €118,854 | +€25,332 | +27.1% |
| Profit (loss) for the period | 9904 | €275,635 | €359,999 | +€84,364 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €275,635 | €359,999 | +€84,364 | +30.6% |
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 18 October 2026 via checked.be.